10 colleges that will bust your budget

These schools feature some of the highest out-of-pocket costs of any in the country.

Bill Briggs, SwitchYard Media, special to MSN Money

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86Comments
Jun 7, 2013 9:50AM
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$35K a year for 4 years to get a $30K a year job? NOT............
Jun 10, 2013 9:49AM
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Grandson graduating UC San Diego this year.  The professors' attendance in the classrooms is virtually non-existent.  Have problems struggling with homework, or question a grade?  The teachers have a myriad of "assistants", but almost no interaction with professors.  Apparently, they're too busy with writing papers, getting published, or...whatever.  Yet these people are getting paid well over $100,000 per year for NOT TEACHING!  That's why tuition is out of reach for most students. 

 

Same problem even on the community college level.  Daughter experiencing the same issues at a college in another state.  Sure, you can email the professor.  Sometimes they get back to you, sometimes they don't.  Whatever the problem is, it belongs to you - as do the consequences.  Yet these young people are expected to pay outrageous sums for tuition, skyrocket prices for books, and insane on-campus housing costs.

 

Would you pay someone $50,000 a year, for 4 years, to work on your house, but find they're never available for a meeting, or that the only people available to talk to is their assistants, and if problems arise it's YOUR responsibility to try and resolve them?  You would have them in court suing their pants off!  But the teacher conspiracy is accepted, allowed, and immune from scrutiny.  What idiots we are for being complacent for allowing this to continue.

Jun 6, 2013 10:32PM
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Whoever put together this list did not take the time to do a complete and accurate job. Westminster College in Salt Lake city cost more than several of these schools. If you are going to post something that's supposed to be credible then take the time and do a good job.
Jun 10, 2013 3:49AM
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These days more and more college seems like a waste of money.  It's way overpriced and you don't get nearly the return on your investment that you used to when you get out.  For what they try to pay you when you get out you might as well have saved all that debt, found a job with opportunity to advance,  and then let your company pay for the stupid thing. Then, people have the nerve to complain about default on student debt. Really? Try hiring a$$-holes. Better yet try hiring at something other than minimum wage that will allow people to actually pay back those debts.
Jun 10, 2013 7:15AM
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Re: "...client who earns just $20,000 a year but has racked up $130,000 in loans through NYU just to put her daughter through three years at the college."

Wow. I know parents typically want more opportunities for their kids than what they themselves had, but at $20k/annual income, that's just foolish.
Jun 6, 2013 9:20PM
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I am very surprised that Stanford University and the University of Southern California were not on this list.
Jun 7, 2013 9:08AM
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Only college tuition and medical costs have out paced inflation for years! Why the high cost: because they can charge it!
Jun 10, 2013 4:04AM
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The highest paid college employees other than the sports coaches and athletic directors.... admission directors taking kickbacks and under the table handoffs, and endowment specialists.   Its all a freaking game, raise tuition to get people who can pay more tuition or more endowments to support even more tuition then more people out to build a network to inflate salaries and do nothing positions in the outside world to justify the pricey worthless education.  Its just a name and raise the money game.
Jun 10, 2013 5:55AM
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There's an endless number of schools of equal or greater costs. 
Most importantly, people need to be realistic with the economy and their life expectations. 

If your dream is to be a teacher, social worker, or some other type of socially beneficial career that won't pay well until you're close to retirement, then you need to understand that school reputation is not that important. 

Getting the degree and experience through internships and/or research are all that matter. 

The school I graduated from in the late 1990's lists current costs as... 
Tuition: $44,184, Room: 6,069, Board: 5,484, Activity Fee: 261

Amazing school and environment, and one of the few schools in the country with my major so it is not a difficult decision even today. But not every degree program is rare and not every major/degree will guarantee a payoff worth risking $200k+ in tuition. 

I personally think when you select a school, unless you are in a rare field that limits your options, you should be making the decision based as much on the type of social and living experience you desire as any academic program. Despite the rarity of my degree, I think I gained as much or more from the environment and atmosphere as I did from the academics. 
Jun 11, 2013 3:03PM
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I graduated from Savannah College of Art and Design with less than $20,000 in loan debt while many of my classmates were in for about $100,000.   I will tell you that it is a fantastic school and I learned much more than many friends that attended cheaper art schools.  But to how I SAVED on cost.  The first thing I did to save money was go to a credited Community College first to take as many core requirements as I could.   I contacted schools that I was interested in attending in advance of this to make sure that they accepted credits from were I went.   This also gave me a good college GPA that I used to land a partial scholarship at SCAD that cut the cost by a third.  (Me and High School were not friends so I needed this.)  Once enrolled I found out that I was still missing an English requirement.  So I went to my guidance councilor and enrolled in the Transient Student program that is available to all SCAD students.  You take your councilor the name of the school where you want to go along with the name and course number and turn it in for pre-approved credit acceptance before enrolling at the other school.   Why pay $3,000 for an English class when I can take it for $300 across town at a Community College?  I also had the Post 911 GI Bill available to me. This covered the rest and SCAD is a Yellow Ribbon program school and matched the amount of the GI Bill thus covering all of the tuition. Since my Scholarship was scholastic and portfolio based they gave me the overage it created.  This meant that every quarter I received a $3,000 check from SCAD that I put toward supplies.  Even if you don't have a GI Bill and don't get a Scholarship when you first get in don't give up!  They offer Scholarships for current students and most of my friends there did not take advantage of this.  When I asked why the answer was normally laziness because they thought they had to fill out a bunch of forms or something. No!   All they had to do was click a button when signing up for their next quarter that put there grades in for review. 
Jun 10, 2013 10:50AM
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Savannah College of Art and Design is a rip off.  Their president makes well over a million a year to take credit for other people's hard work, and they've spent ridiculous amounts of money basically buying up as much of downtown Savannah as they can so they can outfit buildings with leather couches and other useless extravagances.  Of course the costs trickle down to the students, which is why their enrollment ballooned in the 2000s to reel in whoever had money, whether they had art potential or not.  That's why they had zero portfolio requirement for applying students.
Jun 10, 2013 11:30AM
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I love how the Michigan scoreboard shows Michigan losing 34 to 17 to Michigan State!  HAHAHAHA.
Jun 10, 2013 11:02AM
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College is one of the best investments you can make but for each individual, as my father (he was a college professor) once told me, it's a personal business decision.
What we have seen in recent years has been an escalation in the price of higher education and the proliferation of for-profit colleges. Some of these places are turning the access of student to loan money into cash machines. Lured in by the promise of a better job and a better life, people whose families have little experience with higher education, are sucked into a lifetime of debt when a community college degree or a technical school certificate might have been a better bet.
The best deal in higher education for most students these days is community college. In the modern world, it's less the college name on the top of your diploma that opens doors but what you know and what you can do.


Jun 10, 2013 9:53AM
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I understand the high cost of PRIVATE schools.   In state tuition is very affordable (about 11k, books included in MO, per year).    JUCO is a cheap option to knock out some basics before getting that diploma from StateU.   Once you start working, the school name on the diploma means less and less as time goes on and you have a body of work to present to potential employers.
Jun 10, 2013 9:42AM
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Out of State at University of Illinois Urbana Champaign. Totally outrageous.


Jun 10, 2013 9:34AM
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With exception of Drexel and NYU I don't see who would pay that much to go.  They're mediocre schools at best.
Jun 10, 2013 9:26AM
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What!  No mention of Harvard, Yale, Princeton, Brown and Dartmouth.  Holy Cow U!!!! What a lot

of doggerel this is!  Stanford, MIT......   This is the U.S.  Medicine and Education are expensive

and out of range for the middle class.  We put our corporate values and asses elsewhere-

wars and global pollution and of course, spying on our own citizens.  Education.....football is

god-separate dorms, private tutors and then there is the tech block on campuses.  What a joke

all of this is.  And the world is laughing and crying a bit too.

 

Jul 2, 2013 6:07AM
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RE: College loans...to raise the percentage on these loans is beyond sensible...these kids are trying to get an education and further thier expertise in many areas...to burden them with MORE debt than they already have is ludicrous, they are starting out trying to build a career in their chosen field with thousands of dollars in debt hanging over thier heads. Anyone starting out in a position is not going to be making the big bucks they need to LIVE decently, and pay back the loans they needed to get through college. Yes there are some that never make that attempt to pay back the loans...but on the whole they are in the minority. Give the young people a break, and stop drowning them in more debt...It's almost like punishing them for getting a higher education.
Jun 10, 2013 3:17AM
Jun 10, 2013 11:59AM
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4+ year degree? $100,000+ investment? Job starts around $30K/year. But... life gets better, college graduates have more opportunities for job growth and make an average of $52,000/year. But a job is not just about making money, it is a lifestyle, so the real question is "What do you want to be, and how would you like to make your money?"

Many students are entering trade-schools because they can finish faster, and in some cases complete the WHOLE program for under $40,000 out of pocket, having many jobs start over $40K/year.

 

But again, it's not just about the money, do what you want and the money will come with hard work and a positive attitude.

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