From Zen College Life comes this bigass infoporn on the costs associated with getting a college degree.

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click for larger graphic

Category: Consumer Spending, Digital Media, Inflation

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

18 Responses to “The Cost of College”

  1. Kort says:

    Peter Theil thinks it’s all one big bubble
    http://techcrunch.com/2011/04/10/peter-thiel-were-in-a-bubble-and-its-not-the-internet-its-higher-education/

    In any event, as long as the government (66% backed, per the chart) and parents just hand out $120,000 to every 18 year old kid with no credit—prices will go up as long as we have pleny of 18-year olds.

  2. DrSandman says:

    Private colleges cost more, yes, but only the richest of the rich pay that full cost. My alma mater broke the $50k/year threshhold (comprehensive) this year, but it actually costs $68k/year, and every student gets an $18k scholarship. Furthermore, since the wife and I were poor folk from the backwoods of Appalachia, it cost us practically nothing to attend back in the 90′s. (her $10k total, and me about $32k total).

    That’s why we have committed to giving a million dollars back to the university and written them into our will.

    Like everything, it pays to know the rest of the story. College financial aid is among the most progressive of welfare handouts around. Because it is inherently redistributionist, you libs (who frequent here) should love it!

  3. cesium-137 says:

    Yeah, but the parties are at least 300x better at private schools, so it’s totally worth it.

    Harvard/Yale/Stanford are free now (if you can’t “afford” it), so the cost of private school is only going up for those of us who deserve to pay more than our fair share, or for losers who can’t get into a school with an endowment over $1B and who should really be going to ITT Tech.

    http://www.fao.fas.harvard.edu/icb/icb.do

    Ivy-fresh, eco-aware, income equality-loving liberal education 100% subsidized by the endowment’s successful investments in hedge funds and super-major oil companies. Tastes like chicken.

    Next.

  4. DMR says:

    This is sensationalist BS. I spent around 20K lasy year for day care +after care for my toddler. It costs money to hire someone to sit all day with your kids (whether they are 4 or 18). The above statistic states that a private college education is not all that much more costly…which seems like a good deal to me.

    Is there a bubble in pre-school day care costs? More likely, your grandfather’s idea of educational costs factored in the grossly under-marketed services of his era (lower wages for female teachers as well as off-market services by stay at home moms one generation ago, slave labor for nannies if you go back 3 generations). Surely, it is better for prices to reflect the true cost of doing business and have the government step in at the lower end of the scale to help those whose incomes are comparable to the costs of childcare.

  5. jrm says:

    “66% million”
    “it with”

  6. kbelenky says:

    That graphic should not have made it past the editor.

    As jrm pointed out, there’s a spurious “Million” in there.
    Women with a bachelor’s degree make $45k, men with a bachelor’s degree make $55k, and somehow all-together they make $55k on average (which would only happen if there are no women with degrees)
    They use “they’re” instead of “their”

    With obvious mistakes like that, I can’t take anything else it says seriously.

  7. donna says:

    Yes, daycare is expensive. When my kids were little, I quit work since after daycare I was making 12K a year, and went to get my MBA. Now that they are in college, I may go back to work to pay for their college…

    Tuition is more than our mortgage, for two kids. Pretty ridiculous. The new bubble, indeed. Is it all just designed to keep us and our kids in debt and wage slaves forever?

  8. SivBum says:

    $104K for a college education? Sounds like a real bargain considering that median 3/2 ranch home in Palo Alto is ten times that sum. You don’t hear those folks moaning about there $250K down payments and their monthly mortgage payments, property taxes and utility costs etc.

  9. cfauske says:

    I do hope these were not college graduates writing this.

  10. machinehead says:

    The Zen College Life chart is factual babble, useless for decision making.

    For instance, it cites various earnings projections for college grads. But what would those young adults have earned if they hadn’t gone to college?

    Several convincing studies have shown that when one analyzes the cost of college, loans to finance it, the loss of several years of income while studying, and the effect of progressive taxation without income averaging, the marginal return of obtaining a college education is somewhere between negligible and negative … except for very specific fields, mainly engineering and computer related.

    That college loans cannot be discharged in bankruptcy — basically amounting to lifetime indentured servitude — is a shameful form of oppression, analogous to slavery in the 19th century. That academia has resorted to Mafia-style loan-sharking to complement its flim-flam marketing shows that colleges are not merely intellectually, but also morally bankrupt.

    Defund the academic-industrial-loan sharking complex!

  11. willid3 says:

    the real issue will the cost of college is that it will be almost impossible for graduates to pay for the education as we exported as many of the entry professional jobs as fast as we can. thats why a lot of graduates today are having trouble finding a job. because they are gone. and even the ‘professions’ are having this problem as newly graduated lawyers can’t even find work. and some medical professions have started down this path (radiologists for example)

  12. beaufou says:

    I think I linked to Frontline-college inc. before…anyway
    http://www.pbs.org/wgbh/pages/frontline/collegeinc/

    It is hilarious, all those skunks screaming and yelling about the high cost of teachers and education meanwhile their little friends are pocketing billions of Federal grants in the private sector, another runaway train to nowhere.
    And I’m not even talking about the shit degrees people get themselves in debt for and the amount of deliquencies.
    It’s another “heads I win/ tails you lose” scam and obviously Wall Street is sitting right behind this one, and the Jesus loving scumbags.

  13. That’s the nice thing about being poor. No overhead

  14. Diogenes says:

    Just send your kids to EU or Canadian schools.

    London School of Economics yearly tuition for overseas students is £14,592 and Sorbonne is €700 to 5,000, depending on the course of study. University of Victoria in BC is $13,000 US per year for foreign students. Much cheaper still in Belgium and Germany.

    With any luck, your kids will become citizens of one of these countries and help you relocate.

  15. ES says:

    > Just send your kids to EU or Canadian schools

    I think we are getting there. Actually the education I got in Russia in math and physics is superior ( and 100% free) to what I could’ve gotten in the US. May be in Harvard or MIT I could’ve gotten the same, but how much it would’ve cost?
    Now if we talk about law, medicine you have to stick to the US schools because they cunningly imposed barriers to entry from foreigners by requiring various forms of certification. For this reason, these are areas with least competition and the highest salaries.

  16. andreveloso says:

    “while they’re engineening counterparts” instead of “while THEIR engineering counterparts”. For this quality of education, yes college degrees are really worthless.

  17. cjcpa says:

    I must further point out the 66%Million.
    I refrain from reading the chart… but I still enjoy your comments, all.
    More brain cells to rub together in the comments than the linked chart that has zero credibility.

    cjc

  18. Chad says:

    Machinehead has the correct answer. A some of the other commentors should be calling their school and demanding to know why they weren’t taught how to think critically.