Friday, April 03, 2009
Effects of the recession on college costs
Marketplace: "The economic crisis is making some families rethink the costs of college. Kai Ryssdal speaks with Don Heller, director for the Center for the Study of Higher Education at Penn State, about how the economy is affecting universities and students."
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2 comments:
Its interesting to think about a school with no frills. I bet there are few people in America who would forgo every amenity for the degree. Some of them certainly help you grow as a person,not just a scholar, which is definitely what these years are about. While I don't necessarily endorse some of the ways our money is being spent, dorms and amenities are a benefit, and students do choose schools based on those. Many academics are the same no matter where you go, so in part it is about the perks.
It is interesting that he doesn't think tuitition will go down at all though. I suppose its a story of supply and demand. People keep paying, so therefore costs can increase/stay up.
One of the most important parts of choosing a college is asking "what is my money getting me?" and then asking if you really need all of it. At CMU, it is hard to tell where our vast amounts of money is going. Like Ariel, I am interested in this concept of a "school with no frills." If one doesn't have the means to pay for "the frills" which are nice, but may not be necessary to a quality education. What is important to ask is what are these people classifying as frills? That is an important issue to discuss.
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