We will talk about the daunting task of paying for college – overcoming the obstacles and finding the opportunities in achieving a degree in the current economic climate. Joining Smart Talk are Dr. Joni Finney, Director of the University of Pennsylvania’s Institute for Research on Higher Education and lead author of the 2016 College Affordability Diagnosis and Dr. Sara Goldrick Rab, author of Paying the Price.
– I’m a 21-year-old college student Shippensburg University. I was fortunate enough to be able to commute to HACC my first 2 1/2 years getting 75 credits that were transferable to Shippensburg. After transferring to Shippensburg I was also fortunate enough to commute back-and-forth from my parents home where I still live. This I think was the cheapest way that I could have a obtained my degree but it is still costing over 30k. – Angelina, Boiling Springs
– My wife and I have 9 kids, and earn just over $50,000 a year. Some of our kids went to trade schools, one is disabled, and one went to the military, but we have 2 kids that are going to college, and have worked during summers to save, and to cut costs for the first two years attended community college to save on expenses. Our oldest in college is getting ready to graduate, debt free, and our total contribution to her education, over 4 years, was just over $4000 total. She worked VERY hard at two jobs over the summer and works when she can while at college. It CAN be done.
Pleas also let people know, Trade schools are a viable option, and there is a vast shortage of tradesmen in society today. – Manuel
– What has been the impact on college costs of the significant increase in the size of the college administrative staff over the past 30 years?
How much of this cost has been driven by the expansion of Government regulation and the number of staff required staff to comply with this? – Rick, Lancaster
– I graduated from medical school in 1967 – the tuition that year was $2500. Today that tuition is $53,581. According to Dollar Time, the buying power of $2500 in 1967 is now $15,165. It seems the it is the responsibility of colleges/universities to do some REAL cost cutting. – Frederick
– My thoughts on the affordability of college, and our country at large, always leads me to think of immigration and visas.
Frequently, foreign nationals are allowed in as adults because they have education or skills in areas that our country is lacking.
The flip side to this is that, in some of their countries, technical education and even college education is free or subsidized by their government
If our country would support the education of our people here like the other countries support the education of their own people, more of the better jobs might go to our lower to middle class. – anon
– Nearly all state colleges in PA and other states were tuition free by law at one time. I suspect the reason this is no longer true has a lot to do with game theory as it relates to brain drain. Why would a state subsidize a student’s tuition and then have them move out of state for better wages. So, as soon as the demand for teachers started to drop, it became a race to the bottom.
This suggests that you need a ‘closed economic zone’ such as the entire united states to subsidize tuition in order to counteract perceived economic losses from free tuition.
Incidentally, (relating to an earlier Smart Talk topic) the single best way to begin the war on health care costs is to make all domestic medical schools tuition-free. – Tim