Sunday, October 29, 2006

Top 10 Most Expensive Colleges

CNN just recently listed the Top 10 Most Expensive Colleges in the nation. A college education gets pricier every year. Here is a list of 10 of the most expensive colleges and universities this year, based on the latest data from The Chronicle of Higher Education.

1. George Washington University, Washington D.C.
2006-07 tuition: $37,820
Increase from last year: 3.9%

2. University of Richmond, Richmond, Virginia
2006-07 tuition: $36,550
Increase from last year: 4.9%

3. Sarah Lawrence College, Bronxville, New York
2006-07 tuition: $36,088
Increase from last year: 6.0%

4. Kenyon College, Gambier, Ohio
2006-07 tuition: $36,050
Increase from last year: 6.2%

5. Vassar College, Poughkeepsie, New York
2006-07 tuition: $36,030
Increase from last year: 6.6%

6. Bucknell University, Lewisburg, Pennsylvania
2006-07 tuition: $36,002
Increase from last year: 9.8%

7. Bennington College, Bennington, Vermont
2006-07 tuition: $35,250
Increase from last year: 5.0%

8. Columbia University, New York, New York
2006-07 tuition: $35,166
Increase from last year: 5.8%

9. Wesleyan University, Middletown, Connecticut
2006-07 tuition: $35,144
Increase from last year: 5.9%

10. Trinity College, Hartford, Connecticut
2006-07 tuition: $35,130
Increase from last year: 4.5%

The average cost of a four-year private college jumped to $30,367 this school year, the first time the average has broken the $30,000 mark. By being a school whose tuition averages around the $30,000 mark, how would you rate your educational experience? Do you think colleges are charging too much for school given tight government budgets that have been cutting off non-tuition revenue from colleges?

9 comments:

mhahn said...

I do believe that colleges are charging too much. College educations are turning into a business instead of a life finding experience. Colleges are in the business of mass producing societal drones to big businesses who need them to run their companies instead of producing well educated citizens that are multi-finctional and giving them the most important learning experience of their lives.

borichardson said...

I feel that we are paying too much to go to college. After all, college is free in some countries (ex. Greece). However, I do know not the reasoning for the amount students pay. I am sure that costs are rising every year for the colleges, but how much profit does the college make on each student. It feels to me that colleges are making a lot of money by "producing" students. I can understand both sides of the issue, but I think we need more information to clearly debate an issue such as this. All I know for sure is that I feel I am getting what I paid for, a great college experience.

Tori Taylor said...

I think that colleges charge too much for an education. I understand that the whole point of going to college is so you can get a good job someday that pays a lot of money, which will make it easier to pay back college loans. However, tution that is around $30,000 a year is a little extreme. It seems that every year tuition increases. Is it going to keep increasing every year, or will there be a limit set on how much colleges can charge? I feel that I am getting a great education while at college, but still think tuition needs to drop.

songchen said...

I agree that colleges in the US charge too much. It's almost 50 times the cost of a university in China. Although we have plenty of resources here, like "free" printing, no limit on water and eletricity use, it actually causes a lot of waste. Even it is expensive, most people will still choose to go to college. The demand tends to be very inelastic. The price is unlikely to change in a few years.

JBrossart said...

I was hoping to see Marietta then at least someone would know where my degree is from. I hope that people understand that schools such as ours must make a profit. These institutions are not really about making us into better people but more about maintaining accreditation and profit. The knowledge that we gain here is only a unwanted but harmless side effect. College maybe free in other countries but those nations have different governmental systems. If Americans are willing to become socialist we can have free health care and education like in England. But with that comes strings, these services would only be available to those deemed worthy. At that point a large portion of our society would never receive the education that our current systems allows us to peruse.

KristenBird said...

I do not think colleges are charging too much. You have to put these costs into persepective, something few people seem to do. Most people when they get their first good job, would not even bat an eyelash to pay about 30,000 for their first ever new car and then all of a sudden you talk to some parents about paying that for their kid to go to college and they want to walk out of the room. Education is importatnt and sometimes it comes with a high price tag, especially good education. All schools listed on that list are highly regarded, Trinity College,GW, Bucknell are listed among the best colleges in the country every year and are highly competitive(which could also account for the high cost) Columbia is also an Ivy school and that is to be expected of those.

David Allen said...

Yes, I do think colleges are charging to much. I also think that the government should give out more finacial aid if the tuition keeps going up. At this rate I soon will not be able to pay for college.

Courtney Kuharik said...

I agree that the financial price of college is too high. However, I also think it's worth it to get a great education. I think there should be fewer restrictions for students to be qualified to get financial aid to help reduce these super high fees. There are some students whose parents make to much money to be eligible for student aid, even though their parents aren't paying all of the fees. This means these students owe way more money than many of their peers have to pay.

Greg Delemeester said...

David.....if the government were to increase financial aid, what do you think will happen to the demand for a college education? That's right, the demand will increase. And what will happen to the price of a college education? That's right, it will go up! The analysis is equivalent to that of a tax on the cigaretter market. In this case, we have a subsidy that will be shared by the buyers and sellers. I suspect Marietta College would love it if Uncle Sam were to dole out more dollars to college students--that way Marietta College could simply raise its tuition in order to capture some of those subsidy dollars. It's not clear that the average student will be better off after all is said and done.