Here Come $60,000-A-Year Colleges

Many elite colleges are about to break the $60,000 price barrier.

October 12, 2010 RSS Feed Print

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While inflation is likely to slowly acclimate parents to higher college prices, Noel-Levitz found a comparatively short supply of students who can afford the highest sticker prices. In 2009, only about 147,000 of the more than 2 million college freshmen came from families earning more than $250,000 a year, Noel-Levitz estimates. Some of those were indifferent students, of course. And many, if not most, went to public colleges. But most of the approximately 1,500 private, non-profit colleges need several hundred full-paying freshmen each year to fund their operations. That means hundreds of private colleges are chasing after the same few thousand applicants who have good grades and rich parents.

Many colleges are trying to make up for the shrinking number of Americans willing to pay their rising prices by recruiting wealthy students in Asia, the Middle East and South America. But the globalization of the education market cuts both ways. American students could put additional downward pricing pressure on American colleges by voting with their feet and studying at well-regarded, lower cost universities in Canada, Europe or Asia, says Ohio University economist Richard Vedder.

[Find highly ranked colleges overseas that charge little or no tuition.]

While the Ivies and other exclusive colleges will likely always be in high demand, Vedder predicts parents will increasingly balk at expensive price tags from colleges that lack elite reputations or rankings. He adds: "It is going to be harder to fill seats in those schools."

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Tags:: tuition,; colleges,; college endowments,; financial aid,; paying for college,; college admissions

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hi of AL 9:19PM November 29, 2011

"two thirds of all MBA’s are now earned on-line. It is suggested that two thirds of all graduate degrees (masters and doctorates) in the next 10 years will be earned on-line."
I think the quality of online degrees varies from no value to some value (if they
are from Brick and Motor university but if they confer different certificates) to
full value (if online learner can switch to become full timer, if the degree will
be identical regardless of the study mode.

Brian 4:30AM January 01, 2011

Brick and mortar U's are on their way out. According to MBA Alliance (2006), two thirds of all MBA’s are now earned on-line. It is suggested that two thirds of all graduate degrees (masters and doctorates) in the next 10 years will be earned on-line. While colleges are fighting the online universities they are scrambling to get into the online business. They understand that laptop education is without boundaries and at present a New York resident can obtain an MBA from Duke University or Hikets School of Hotel and Hospitality Management in India or online certification in an array of specific business areas from Cornell, Boston University, Pennsylvania State University, University of California at Berkeley, University of Notre Dame, University of San Francisco, Tulane and Villanova. This phenomenon will continue to grow making the brick and mortar institutions obsolete and with as much relevancy as summer camp. In 2009 there are 12,000 different degree offerings online in America and we will witness continued growth. The demise of the university will also be expedited by a new generation of students the first generation of students to have spent their entire lives in the new technological world; the Gen Y’s.

william czander of NY 12:09PM November 05, 2010