The most expensive colleges in America -- really
When it comes to higher education, tuition isn't the only price to pay. When all costs are taken into account, these are the 20 priciest schools in the nation.
By Kelley Holland, CNBC
A dubious one, anyway.
The absolute priciest four-year college education in the country can be had at . . . New York University, according to a new survey.
The analysis by Business Insider ranks the all-in cost of attending college -- not just tuition, but also books, room and board, fees, and late night pizzas.
An earlier analysis, by the Department of Education, ranked NYU 64th among private four-year colleges, but that listing counted just tuition.
Apparently pizza and beer are pricey in New York. Who knew?
College education costs have been rising steadily for years, outpacing inflation.
Between 1982-1983 and 2012-2013, tuition and fees for a private four-year college education rose 167%, and the price tag for a public four-year education climbed 257%, according to the College Board.
NYU is followed closely by Harvey Mudd College, part of California's Claremont Colleges, and Bard College in upstate New York.
The top 20, in descending order of cost for one year, are:
1. New York University, $61,977
2. Harvey Mudd College, $61,760
3. Bard College, $61,446
4. Rensselaer Polytechnic Institute, $60,779
5. Sarah Lawrence College, $60,656
6. Wesleyan University, $60,214
7. Dartmouth College, $60,201
8. University of Chicago, $60,039
9. Bard College at Simon's Rock, $60,003
10. Trinity College, $59,860
11. Johns Hopkins University, $59,802
12. Fordham University, $59,802
13. Carnegie Mellon University, $59,632
14. University of Southern California, $59,615
15. Occidental College, $59,592
16. Scripps College, $59,570
17. Oberlin College, $59,474
18. Haverford College, $59,446
19. Pitzer College, $59,416
20. Northwestern University, $54,389
Not surprisingly, student loan debt is also a growing problem, particularly now that Congress has allowed interest rates on student loans to double.
Luckily, Fiske has published its list of colleges that offer the best buys in terms of academics and affordability. The flagship public universities on the list, in no particular order, include the University of Florida, the University of Iowa, the University of Nebraska-Lincoln, the University of North Carolina-Chapel Hill, the University of Oregon and the University of Wisconsin-Madison.
Affordable is relative, however. College Board pegged a moderate budget for the 2012-2013 school year at a public university at more than $22,000, and more than $43,000 for a private institution.
Get your wallet ready.
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Some of what contributes to these sky high costs is the pompous administration overpaying themselves for the "QUALITY" work they put out. And that's not all, many of them make poor financial decisions, spending public and private funding without concern for the source or the student, and then they intimidate/harass the whistleblowers when they open Pandora's Box. It's not just the prestigious institutions mentioned in the above article, it's the smaller, "less expensive" schools, too. Just look at the community college system in Pennsylvania. Almost all say they have such low, affordable tuition, and it's such a great place to complete your first two years - ha, look at what it's costing administratively to provide that "low-cost" education. Let's just say that producing a couple hundred "competent" graduates each year using $ 30 million dollars from the state, counties, school districts, and, oh yeah ! - the students/parents (all of the aforementioned translates to YOU, THE TAXPAYER), ain't such a good deal, my friends.
I am sick and tired of seeing my tuition dollars used to support pricey sports programs and outrageous salaries for athletic department employees. The cost of books is ridiculous. I just graduated from a public 4 year college in 3 years and still owe $40,000. I can't even afford to go to any of the 3 law schools that accepted me, despite partial scholarships. Higher education is just another pyramid scheme. Go lobos, yeah right!
While tuition and fees may be outrageously high, at least testbooks are still cheap.
$200 for a hundred page paperback textbook is a bargain!
My last of 4 children just got her degree from Colorado State University. Her tuition, books, fees,
and room and board averaged 13k a year for the 4 years. The advantage of staying in state.
My oldest graduated from Pitzer in 98, but the costs were 1/2 of what they are now.
I say the online rip off colleges are most expensive. If you buy a nice meal it cost a good bit. If you put your quarter in a gum ball machine and nothing comes out .......... well see what I mean.
Soon no one will go to college, no one will buy a house and no one will retire. And then there will be no one left to pay for everything!
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