Skip to comments.University of Michigan Spends $129K To Produce a Degree
Posted on 03/23/2012 1:28:04 PM PDT by MichCapCon
The University of Michigan at Ann Arbor has the 16th highest cost to produce a degree at a four-year public colleges in the country at $129,206, according to data compiled by the Chronicle of Higher Education.
Thats outrageous, said Bill Mohr, chairman of the U.S. Taxpayers Party of Michigan. The first question that comes to mind is, Why? We really need to look at what that money is going for.
The average cost of a degree in the state of Michigan was $75,879 at four-year public colleges, 21st highest in the country. Florida had the lowest cost at $40,505. Washington, D.C., had the highest cost at $154,057.
Wayne State University had the second-highest cost in the state at $97,665. Central Michigan University had the lowest cost in Michigan at $43,384.
The most expensive place to get a degree was Yale, which cost $502,748.
The project included spending that was considered to be educational in nature, either directly or indirectly," and included "instruction, research, public service, student services, academic support, institutional support, operations, and maintenance.
Spokesmen for Michigan State and the University of Michigan didnt return emails seeking comment.
MSUs cost of $75,739 was second-lowest in the Big Ten. Only Nebraska was lower at $73,331.
Michael Van Beek, education policy director at the Mackinac Center for Public Policy, said a school that spends less per completed degree is more effective from a taxpayers perspective,
There are a lot of colleges that get students degrees without spending as much, Van Beek said.
Obviously our best people come out of the Michigan post high school education system to make people in Michigan willing to pay so much for it.
Of course this is a false dichotomy, but I would rather have a school that costs a lot while producing quality graduates than a school that is cheap but rarely produces a graduate. One of the schools where I am currently teaching only has 8% of their students achieve a degree within four years.
But we also only cost about $3k per year per student.
Gee, just flying unsuccessful head football coaches and their families in and out was pretty expensive.
How many of the other 92%, though, complete their degrees in four years plus a semester or in five years? (While I could easily be wrong, I'd expect that a significant number of them do.)
C’mon now, its expensive to have highly unproductive and inefficient academics sitting on their asses all day. Additionally, after years of that strenuous labor, they simply MUST retire with full pensions and top-notch medical benefits in their mid fifties.
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Let’s not forget that UofM produced one of America’s finest academics. None other than William Ayers.
These ‘institutions of so-called higher learning’ milk the federal govt. Indirectly from student loans. Then many of these ‘loans’ don’t get repaid through defaults. They get to raise the cost of tuition egregiously and exponentially. Greedy educators.....
Yeah; look at all the Politicians of "Quality" we get out of Yale, Hahvad (Harvard), etc.
We sure pay for their degrees, and so will our great-grandchildren......
You mean like the parasites that are the SEIU, AFSCME, etc., who live on the Public Dole and are given golden pensions, healthcare, perks, salaries/wages, etc., etc., and produce NOTHING but grief for the Taxpayer?
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