Many people — myself among them — have long seen some advantages in the so-called high-tuition, high-aid model, in which a college charges a substantial list price but also awards large amount of aid.
If we are encouraging students to devote four or more years of learning in college, charging them a heck of a lot of money for degrees, we should be proactive when it comes to equipping them for careers.
For example, if a college charges $16,000 annual tuition and requires students to take eight course per year, that translates to each course (which, for the sake of this conversation we will define as one college credit) as having a value of $2,000.
In 2003, only two colleges charged more than $40,000 a year for tuition, fees, and room and board; by 2009, 224 were above that mark.
After Mr. Eisman acknowledged he held financial positions in the industry, the colleges charged that he stood to make millions by battering their reputations and short-selling their stocks.
David Breneman, an economics professor at the University of Virginia who is a leading analyst of the finances of higher education, said most private liberal arts colleges charged tuition of $15,000 to $25,000, lower than Ivy League tuition but much higher than tuition at public universities.
Most colleges charge about $50 to $75 per application.
Most community colleges charge nominal or no fees and tuition.
(Only private non-profit colleges charge $42,000 or more per year. No public college charges that much).
