Monday, September 08, 2008
Harvard raises the bar in lowering tuition costs
The Tartan Online: "While Carnegie Mellon has been named a “New Ivy” by Newsweek based on its academic rigor, Harvard University’s aggressive aid campaign has made it clear that our green value in giving aid money just cannot compare."
Subscribe to:
Post Comments (Atom)
12 comments:
Well... its nice to be attending a "Newly Ivy League" school. But with it comes the young ivy league tuition. I just hope it pays of with an Ivy League Job after...
Here's the deal... If you want it bad enough, you will find a way. There are hundreds of scholarships and grants across the nation. If you need on go find one.
Some day I am sure CMU will have that huge endowment like Harvard, it will just take time to build it up. Too bad I won't be a student by the time it is built.
i think it is ridiculous to be paying as much as we are for school. it's not the education that is going to get you a job, it's going to be your work ethic. yeah these schools my have a name that might catch a future employer's eye, but you will only get the job if you can actually live up to the expectations they have for you. the cost of these institutions today may not even be worth what we are paying in the end. even if you do get a job right out of school, i am sure most of us will be paying off grants and loans until our mid to late thirties,or later. i would probably reconsider university, if i were looking at going again.
It is true that I had to do a lot of work in order to round up s enough scholarships and grants, so that along with my financial aid I could afford going to Carnegie Mellon. I also know that I will have to go through this process every year, and that even with scholarships a majority of students are still forced to take out loans which they will no doubt have to work very hard to pay off. Despite all this, I still firmly believe that what I am paying for tuition is worth it for the education I am receiving.
Yea for New Ivys!
It's nice to hear that CMU is at the top of many lists, even if its not for giving away huge scholarships. If students really want the education Carnegie Mellon gives they will be willing to pay for it as all here have proven. Congrats to Carneige Mellon for being amazing even if all the students need loans to pay off their education!
What I think we are also paying for, along with the far above average education, is simply the name Carnegie Mellon on our resumes for the rest of our lives. The ability to 1)be accepted into a school noted for academic rigor and indeed, nerdiness 2) even gradute from this institution and 3)perhaps graduate with honors from this school will mean a great deal more than graduating with honors from a community college. Not to be totally pretentious, but the name is important too --- and as far as jobs, with the name comes great networking which means you have a safety net for life.
Also, considering the student bosy attending, we will be graduating with people who will be setting the standard for the country and the world. I think we need to remember that when we think of the cost. There is not one single degree from this school that isn't reputable.
Yeah, it was odd at work this summer with people talking about how they payed, or plan to pay 15,000 over the course of their entire college period. We pay way too much, but I have enjoyed my stay here. It is very interesting though to read about endowments and see how puny ours is relatively speaking.
Reading this puts certain things into perspective in terms of the magnitude of our financial aid "problems" at Carnegie Mellon as opposed to other institutions like Harvard. I agree with most of the comments but mostly with Cody in saying that if you think it's worth it you'll find a way and in the end you'll walk away with SOMETHING. Whether or not it's what you expected is a different story though, of course, just as important in the long run.
When I talk to prospective students I always encourage them to try their best to make it work. I don't condone paying off loans for the rest of your adult life though maybe for some people it's worth that.
homecoming week this semester starts the university's new "capital gains" program (i believe thats what they're calling it). basically, they're going to hassle every alum for donations until they have enough to continue campus facility rennovations and the extension to craig st.
unfortunately, little of this money was planned for tuition adjustments IIRC, but hopefully by then, some alumni will donate with the express target of financial aid (they can pick where their money goes if they decide to cut a check)
The endowment difference is really what hits home with me. 1 billion as apposed to 34.9 billion is a VERY large difference. Does that say something about our graduates or our University? In my eyes if you want more aid from this school, you need more endowments. End of story.
And yes, this University is expensive.
This is really quite funny. First you can clearly tell the the author is all for lowing tuition. second, it was posted in the tartan. The only saving grace was that it did talk about how well ranked we are, but then backhands it with saying we have low rankings in terms of financial aid.
Its a nice idea to try and make college more accessible to those who are financially challenged, but I wonder if its an irrational hope. I mean, a good education is always going to cost money. And also if someone really wanted to go to school and get a good education I believe they would apply themselves as necessary at a less expensive school and get the same kind of "ivy league" education one could get at a more expensive school.
One of my friends did the math, and figured out that we are spending over $150 for every one and a half hour class. So right, that's pretty ridiculous, but it does have its advantages.
Most of all, it's good incentive to work hard. Every time I feel like falling asleep in class, it occurs to me that that would be the most expensive nap i ever took. And suddenly I'm wide awake.
Post a Comment