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Let's put this in some perspective:Reading through this thread is somewhat depressing. I was having a conversation with someone the other day about what college admissions and higher education will look like in 20 years. I firmly believe it will be drastically different than now. The current process and cost is not sustainable. I had no idea that many schools dropped standardized testing requirements, did not know that kids were applying to schools completely out of the realm of possibility, etc.
$60-$80k per year for private schools? It’ll be well over $100k in a few years. That’s unreal. At what point does someone say to themselves is there a better investment? What does someone have to make at entry-level, mid-career and at the height of their professional career to justify those costs? What is the likelihood they will reach those numbers? I understand if your going to be an engineer, doctor or lawyer but let’s be real with ourselves not every lawyer or engineer is pulling down outrageous salaries - it depends on a lot of other factors.
We need to have a serious conversation with ourselves of higher education and career paths. There is currently a college for everyone yet we know that college is not for everyone. We know that college graduates are struggling to find jobs and student loan debt is a huge issue. We also have a several shortage of certain types of professions, many that don’t require a 4 year degree. That shortage then leads to higher costs for everyone. We need to advocate for trade schools, but IMO we need to let businesses know that many jobs they hire for require on job training and experience and not a degree.
Downvote away but in general higher education has become nothing more than a money grab.
1. Private schools are only 14% of the national landscape. 84% of American undergrads at 4 year institutions attend public schools. The national average tuition is $7,500 (not counting fees which are approximately $2.5k).
2. Private schools spend approximately $25k a year per student, a little ore than the $20k a year that the publics spend. In New York, by the way, we spend $20k a year per kindergartner.
3. Private schools redistribute the money from rich kids to middle class and poor kids. This is why private schools like test-optional (they can admit richer kids this way, full payers), and also the D3 private schools that don't give athletic scholarships can get kids in through the back door in the summer. Athletes apply through a special admissions pool. The whole Felicity Huffman thing was crude but not so different from the reality at many private schools.
4. A lot of people will likely make a lot more money at trade school--judging by the amount of money I'm charged by contractors!!! That being said, our national rate for college graduates is abysmal compared to our cohort around the world. We're at around 30% college grads nationally while the countries we compete against are near 65-70%. So, yes, individually, there's a good case to be made for your kid taking up a trade. Many will do much better than college grads. But as a nation, we need a lot more college grads, because if we don't start producing more of them, we'll import them from other countries.
5. More federal subsidies for public colleges and universities would not be a big cost. I was calculating a few months ago that it would be in the $50b range for the Fed. government to fund half of tuition for every student. That's only double what we pay for the National Park system. It would allow us to open more seats at universities which would take the insane pressure off of high school. And we'd have many fewer dropouts as well, we'd solve the national student loan crisis.