Sunday, November 16, 2008
Tuition 11th highest
The Tartan Online: "As a private university, Carnegie Mellon receives funding from its endowment, tuition, and research grants from a variety of sources. There have been many initiatives to increase the school’s endowment, the biggest and most productive being the “Inspire Innovation” capital campaign in which the school aims to raise $1 billion. The public phase of the campaign was kicked off at the B There event at Homecoming. According to Carnegie Mellon President Jared L. Cohon, $550 million had already been raised in the campaign’s private phase."
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15 comments:
I'm not really that surprised by Carnegie Mellon's ranking, but it does force me to consider how I'm going to pay off my student loans after I graduate. It makes me think twice about what kind of job I want after college. Right now with the economy everyone needs help financially - college student, families, schools, and businesses. It also makes me wonder how much demand is there going to be for theatre with the economy in such a way. I'm afraid it might be even more difficult to find a stable job.
CMU is really expensive, we knew that coming in, part of the problem is the lack of endowment, In the grand scheme our endowment is minuscule and still will be even after another billion dollars are invested, some schools endowments are in the hundreds of billions, compared to the ivy league schools. This would account for why they are not as expensive for the student.
My family has planed for me to go to college since I was born, but the cost of CMU still hit us hard. Just how much can they charge to get a blue collar education? It's amazing that they can charge so much for schooling and add on even more fees like activities, public transit, supplies, and printing. I don't even use any of that extra stuff!
The fact that money is the deciding factor when coming here is terrible. I feel so lucky to have been able to get loans and scholarships to be able to come even though in the long run I will be in debt for a long time.
Hopefully, Obama will be able to help change the college expense situtaion and that more endowments and fundraising measures will take place on CMU's side to make the cost go down.
At least CMU is aware of their costs to students and is making an effort to do something about it. Unfortunately most of us here now will not be able to benefit from the upcoming additional billion in the endowment.
Many schools such as my undergrad didn't really care about the cost to the students, as long as they got their money in the end. If not, then you had to go and as you left, you stopped by collections before they called you to put your own name on the list.
"President-elect Barack Obama, who just recently paid off his college loans, has spoken frequently about his concerns for college students and the debt they may incur after graduation." Now that scares me, he is in his forties and just finished paying. We're studying theater, not exactly the most lucrative en devour. One does have to wonder how increasing costs and decreasing financial aid will effect the academic programs. This may effectively keep intelligent students in the lower and middle classes from attending universities like CMU.
I find it interesting that CMU even found it necessary to publish an article justifying why tuition is this expensive. I know that the Tartan is student-run, but I feel like there may have been some outside rumblings in terms of getting this article into print. I think they make some fair points justifying what they are trying to do to get tuition to go down (not that it will happen in the current economic state). Hopefully, the results of all of this campaigning will be seen in the near future.
when you decide to come to a school with a pricetag like CMU, you MUST think ahead to how and when you will be paying off your student loans. if you can't afford it, or don't want to be paying until you are 60, then go somewhere else!
CMU's ranking really doesn't surprise me, but what is frustrating is the added costs that we didn't account for. All of the brushes, paints, and art supplies - although it will end up giving me a great collection of supplies to work with in my professional career - I find all of the 'hidden costs' slightly frustrating.
This doesn't surprise me all that much. Coming from a town however where most of my friends' parents pay for their tuition I feel horrible for those who have to pick schools based on the scholarship opportunities. What I really don't like about this article is the fact that it doesn't say at all why the school is so expensive. It was really funny also seeing Brian MacDevitt's response to when we told him how much tuition cost.
While CMU is really expensive in comparison to a lot of other colleges, I feel that it falls into the "you get what you pay for" category. The education you get at CMU is pretty unparalleled in most areas. I am also willing to bet that with the largest group of high school graduates approaching and a pretty bad economy, school prices across the board are going to get a lot worse. The survey doesn't factor into money issue the possibility of off campus living and non-campus meal plans. Honestly, I'm already finding ways to greatly decrease the overall price of my Sophomore year just based on not using a campus meal plan.
This is a big problem, not just for Carnegie Mellon students, but for students attending higer education institutions throughout the country. With money so tight on so many levels, government, institution, family, individual, it is getting harder and harder for people to pay for the things they need.
In today's culture, a college education in vital to ones future, it is no longer possible to get by without a degree from a college. And while I sympathize with the insitutions that are struggling to provide their students with what they need to get the most from their education, the schools are falling short.
Like the rest of the posters, here I knew coming in here that the tuition is incredibly high. But is the pricetag worth it? I don't feel like I could learn the same things as intensely in another environment like a state college or community college. Sure, I won't make a lot of money but for me it is the principle. I would hate to be out in the world working. I feel like I need some time to grow up. I'm sure many here feel the same.
it is unfortunate that a lot of students have to decide what college to go to based on the financial status. and it also surprises me most of the ivy schools are way out on the list of the top tuition.
I think that it's kinda rediculous that we are the eleventh h=most expensive school. However, I am hopeful about what Obama will do to help out college-bound kids.
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