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College Education: Another bubble ready to burst!
Bennington Banner ^ | 04/19/2011 | Audrey Pietrucha

Posted on 04/19/2011 8:55:52 AM PDT by SeekAndFind

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To: SeekAndFind

One of my sons attended ERAU back in the early 90’s. Tuition was $13000 a year. This is what it would cost now. Obviously now it would be out of our reach.

Estimated Costs Undergraduate Students Item Cost
Tuition and Fees* $29,248
Room and Board $8,790
Books (estimated) $1,400
Total, non-flight students** $39,438


41 posted on 04/19/2011 10:21:00 AM PDT by heylady
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To: SeekAndFind
There is no rule in life that says you must go to Harvard or Yale to be successful in life.

The main advantage of attending an Ivy League college is the opportunity for quality networking.

42 posted on 04/19/2011 10:21:23 AM PDT by Jeff Chandler (Shemp was the Fourth Stooge of the Apocalypse.)
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To: SeekAndFind

She has actually maneuvered herself around the college application process to where she is able to attend the best school for her major, and has gotten scholarships and non federal funding so that she only has to foot about $5k of the $33k bill.

Smart kid. Much smarter than I.


43 posted on 04/19/2011 10:23:20 AM PDT by Vermont Lt (How long before the Mall becomes Tahifir Sq?)
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To: EyeGuy
a nice little safe cocoon for heinously unproductive, overpaid and often talentless academics.

Well said. You forgot to mention that many of them are Marxist ideologues whose main interest is the political and sexual indoctrination of students, not teaching core subjects.

Since the 1960s most colleges and universities have been politically radicalized on the public dollar. Any parent who sends a son or daughter off to college these days without knowing a lot about what and how the school teaches risks sending their child into a damaging environment.

44 posted on 04/19/2011 10:26:01 AM PDT by Bernard Marx
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To: heylady

RE: One of my sons attended ERAU back in the early 90’s

Pilots are paid very well. One year’s salary could pretty much pay off the tuition by my estimation.


45 posted on 04/19/2011 10:27:54 AM PDT by SeekAndFind
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To: SeekAndFind

If you want a higer education pay for it yourself period.


46 posted on 04/19/2011 10:47:51 AM PDT by chris_bdba
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To: jnsun

You are absolutely right. The textbook scam goes like this: students pay hundreds of dollars for a textbook. About four or five semesters later, the textbook publishers offer a “new” addition, which is commonly the same old edition with the cover and a few pages changed and maybe a few other minor changes. That way, the textbook publishers can charge the students for new instead of used books. If is an endless cycle.It is not uncommon for a student to pay $500-800 a semester just for books.


47 posted on 04/19/2011 10:56:05 AM PDT by NotTallTex
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To: EyeGuy
It is a bubble that has been LONG overdue for some SERIOUS bursting.

Amen!

48 posted on 04/19/2011 11:06:16 AM PDT by newzjunkey
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To: SeekAndFind

The cost of higher education is inflated.

The estimated preparedness of incoming Freshmen, and their appropriateness for college is inflated.

The grades are inflated.

The self-assessment of the knowledge of graduating students is inflated.

The whole process has become a joke.


49 posted on 04/19/2011 11:09:04 AM PDT by dagogo redux (A whiff of primitive spirits in the air, harbingers of an impending descent into the feral.)
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To: Alberta's Child

Ah. Thomas Sowell...one of my “heroes” (see my freep page...:)

Should be: The GREAT Thomas Sowell.


50 posted on 04/19/2011 12:26:48 PM PDT by rlmorel (Capitalism is the Goose that lays The Golden Egg.)
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To: NotTallTex; All

A really discouraging, infuriating yet funny anecdote about this type of thing (the textbook industry) is described in the excellent book by Richard Feynman (of the Manhattan Project) “Surely You’re Joking, Mr. Feynman”.

During the early seventies (I think) he wanted to become more involved in his local education system in his town, to help better the system. One of his pet peeves throughout his entire life was the quality of the science textbooks used in schools, which he thought was simply appalling. He had very specific ideas about what he liked in textbooks, so he thought this was an area he could be very helpful in. He volunteered to work on the board that vetted the books and chose them for the schools.

As soon as he was assigned to the board for this large school district in California, he began getting gifts delivered to his front door. All kinds of things from fancy cooking knives to very expensive food baskets and so on. When he was asked if he would like to review any of the books that were under consideration, he eagerly said yes, and when they asked him which ones, he said: “All of them.”

There was a long pause, and the person arranging it said in an odd voice “Okaaaaay...”

A week later, a huge wooden crate about six feet to a side showed up at his front door FULL of books. He was astonished, but immediately set out to evaluating the books. He read and went through every single book, taking copious notes, marking books up in the margins and so on. After a long, drawn out process of evaluation, he chose the books he thought were best, and went to the board meeting which would select the books.

He had pads of paper, full of notes, all the books graded from best to worst, price figured in, you name it.

They all looked at him like he had three heads. They knew beforehand which books they were going to choose. The whole selection process was a sham, but nobody bothered to tell him!

He was extremely disillusioned, to say the least!


51 posted on 04/19/2011 12:55:35 PM PDT by rlmorel (Capitalism is the Goose that lays The Golden Egg.)
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To: Prokopton

Treat it as an investment. What is the return?


52 posted on 04/19/2011 2:36:58 PM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: Prokopton

Treat it as an investment. What is the return?


53 posted on 04/19/2011 2:47:27 PM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum

Wow. Double posts 10 minutes apart? FR is getting a little flaky today.


54 posted on 04/19/2011 2:48:25 PM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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