As kids across America are celebrating their college acceptance letters, parents of high school seniors are freaking out over the quarter-million-dollar question (as some private school sticker prices hit $60,000): How are we going to pay for it?
What's pushing our costs up? Obviously, inflation is a factor. So is the age of our buildings: the older the college, the creakier its buildings, the higher the maintenance. But the biggest part of our budget -- 75 percent -- goes to personnel costs.
If you or your child decide to rely on federal or private student loans to cover some of the costs of college, it is a good idea to sit down before the freshman year even begins and talk about the implications of being in debt.
Life is what happens to you while you're busy making other plans. For many of the 37 million Americans who have some college education but no degree, life simply got in the way of their college pursuit.
Two questions presently dominate the public discourse on education: whether college students should major in the humanities and whether a six-year Brooklyn high school should be the new model for secondary education in the United States.
Well-intended efforts to change the general education curriculum have foundered on the shoals of academic politics. As a consequence, students are leaving college insufficiently prepared to be the kinds of leaders our world desperately needs.
Make no mistake, much good has come of the recent push to hold colleges responsible for assessing student outcomes, for controlling costs, and for graduating the students we admit. The national accrediting agencies have stepped up on this effort.
My kid would have to go to a junior college, because my savings plan consists of me getting excited for the annual Fred Segal 50-percent-off sale. I wonder if I could use miles to upgrade them to an Ivy League school....
If you are finding it difficult to keep up with the changes in college tuition, seek out programs that meet your needs and will help make sure you can find a college that is a good value for your child.
So, what's the solution? Measure nothing and continue to see our college graduates move back home with their parents after school under a mountain of student-loan debt? Know yourself? How about support yourself?