Tag Archives: tuition

Student at CU-Boulder Strikes Back About Tuition

Mr. Krabs! Like OMGZ SPONGEBOBZ!Let’s face it, from here at Wesleyan to around the world, tuition is high and it keeps getting higher.  Not everyone sucks it up and has their hipster dad fill out an eCheck on their portfolio though:

on Friday, a sophomore at the University of Colorado, Boulder, found a symbolic way to strike back.

The student, Nic Ramos, paid his entire spring semester tuition — all $14,309.51 of it — using dollar bills, a 50-cent piece and a penny.

“It kind of started as a joke,” said Mr. Ramos, an economics major.

“But when I thought about it more,” he said, “it’s just an absurd amount of money. I wanted to give the school a different way to look at tuition.”

It took Mr. Ramos two days to withdraw the money from several banks. He said that when he walked into the bursar’s office on Friday morning with a 33-pound duffel bag full of cash, the tellers were stunned.

According to a university spokesman, Bronson Hilliard, it took three people nearly an hour to count the money.

I don’t know if the Office of Student Financial Services at Wesleyan would appreciate–or even accept–that.  Also, I have to admit I laughed out loud (LOL-ed as the cool kids say) when I read “all 14,309.51 of it.”  That’s so much less than our tuition that it probably shouldn’t even be funny.

[NYT]

Breaking: Wesleyan’s Really Expensive. Still.

Campus Grotto (the “Inside Source at College”) once again places Wes alarmingly high on its list of the country’s Most Expensive Colleges for 2010-2011. We made the top three for most expensive including room and board, behind only Sarah Lawrence and NYU, and clocked in at a respectable #7 for highest tuition (excluding room and board). (Note: This is a significant leap from last year’s placing at #11.)

Of course, the site thoughtfully notes that many or most of the nation’s most expensive schools provide fantastic financial aid packages to  match these staggering figures:

It is important to note that just because these schools have high tuition does not mean you will actually be paying that amount. Many schools will provide a financial aid package that meets 100% of a student’s financial need (Cost of Attendance – Estimated Family Contribution). Many of these colleges provide excellent financial aid packages, some even offering scholarships that cover most of the financial burden of attending the college.

Enjoy the rest of your classes today. They’re, like, two hundred* bucks each.

*estimate not based on any mathematical process whatsoever

Debt to Die With

With all this talk about rankings and all the fire that for-profit schools have come under recently, Gawker decided to try and rank the ‘real’ colleges whose students have amassed the most debt.  They took total debt, which made bigger schools come out on top, giving NYU a not-so-surprising win.

But what about Wesleyan? What about debt per student, which is probably a better measure in the first place? We’ve always know that Wesleyan is an expensive place to go to, with one of the highest tuitions and comprehensive costs in the nation, but let’s take a look at the debt burden it places on the students.  The “Median Federal Debt for Those Entering Repayment” for Wesleyan was $11,384.

Estimated Repayment Rates by Institution -- FY 2009 Wesleyan and Comparable Institutions

Yes, Wesleyan’s $11,384 median looks meager compared to NYU’s behemoth of $28,649 (which isn’t even the highest).  But what about comparable institutions? Our Little Three ‘frenemies’ Williams and Amherst have nearly identical medians at about $7,700 (are they even distinguishable schools anymore?), over $3,500 less than us.  Nearby Connecticut College, however, has a similar if higher load.  Vassar, who we seem to be compared to a lot, is also essentially similar to us in Median Federal Debt.  Our “Estimated Repayment Rate” is lower than any of our peers though.

The source information comes from the US Department of Education’s ED.gov, which has other useful information.  Click here for the relevant statistics directly from them.  Click here for Gawker’s Top Ten Universities for Student Debt.

Sorry for the awfully Argus-y post.

So how broke are you going to be?

There’s a week left till tuition’s due (July 28), so you might be wondering just how broke you(r parents) will be at the end of ‘the Wesleyan experience.’  The New York Times tries to make it easier to calculate:

College Cost Calculator Wesleyan 2010-2014

The New York Times estimates that the costs increase an average of 7.4% at a private four-year college.  Wesleyan’s total costs for freshmen went from $54,097 to $56,641 this year, increasing just under 5%.

Wesleyan is Expensive!

Nobody is surprised! HuffPo listed the Top Ten most expensive colleges in the country (yearly tuition + room/board), and Wesleyan is #11 at $50,862.

The Top Ten:

1. Sarah Lawrence College — $54,410
2. New York University — $51,991
3. The George Washington University — $51,730
4. Bates College — $51,300
5. Skidmore College — $51,196
6. Johns Hopkins University — $51,190
7. Georgetown University — $51,122
8. Connecticut College — $51,115
9. Harvey Mudd College — $51,037
10. Vassar College — $50,875

Dredging up that old Gawker faux-battle with Sarah Lawrence, Jared Keller ’09 muses:

“So hey, they may be our main competition for ‘most annoying liberal arts college,’ but they pay more to do study post-modern economics and grow beards like something a blind bird built.”

See the full Top 100 list at Campus Grotto.

Budget Cuts: Pres. Roth at the WSA Tonight, 7pm


President Roth will be at the WSA tonight at 7pm in Usdan 108 for an open Q+A with students about the proposed budget cuts.

The administration’s proposal includes:

  • Increasing undergraduate enrollment by 120 over 4 years
  • Staff and faculty salary freeze
  • Higher than normal tuition increase
  • Reduction in major maintenance budget

If you’re going to attend one WSA meeting this year, we ask that it be this one. Some of the most important decisions the University has made in at least a decade will be being made in the coming months. Hearing student voices on the subject will be extremely important, and this will be one of our best chances to influence the process.

Please come share your ideas for alternative cost-cutting measures and join in a discussion of the student body’s priorities as the University moves forward to address its budget crisis.

Wes 13th most expensive school

The Consumerist has released its list of the top 25 most expensive colleges for 2008-09, and Wes has dropped out of the top ten! We’re currently listed as the 13th most expensive institution in the nation, with our tuition plus room and board summing to an even $49,000. Notably, Wes is fourth in the NESCAC (gee, that sounds familiar), behind Conn. College (5th; $49,385), Bates (6th; $49,350), and Middlebury (10th; $49,210).

The Consumerist: 25 Most Expensive Colleges For 2008-09

Thanks to Diego Glusberg ’11 for the tip.

[EDIT by Justin, 2008-10-31] The list originally came from CampusGrotto, not The Consumerist. Thanks to reader Ted Reimers for bringing this to our attention.

The Questionable Logic of Rising College Prices

CNN attempts to neatly summarize why the price of college tuition has been rising so much more steeply than the inflation rate, and whether graduates of expensive colleges actually get a decent payoff from their education investment.

Wesleyan gets a special shout-out as a prime example of an elite, high-quality school that is mad expensive for questionable reasons:

Calls to “give back” always seem to resonate at elite schools like Wesleyan, a picture postcard of academic abundance on its 360-acre wooded campus, complete with state-of-the-art film center, 7,500-square-foot fitness facility, skating rink, 11-building arts complex and a new $47 million student center offering everything from Mongolian grill entrées to organically grown coffee.

As for actually entering a career in public service, Graduate, good luck with that.

Ok college is ridiculously expensive, this is nothing new. The rest of the article brings up familiar points: elite schools spend way too much money on fancy buildings which could be spent on financial aid; this profligate spending is just an effort to increase college rankings that measure wealth, not quality, because this will increase application yield; and people think paying more means they get more from colleges, when that is not at all a guarantee.

Also, studies apparently showed that graduates of elite colleges generally end up with jobs paying similar incomes as the ones earned by those who were accepted by the elites, but chose to attend cheaper schools. Then there is the whole massive debt thing.

It ends on the note that at least you will have had a possibly excellent experience for your troubles?

…College, though, is also about forging lifelong friendships, being challenged by professors and students and sharing traditions – all of which are impossible to quantify. Still, there’s no reason to overpay for the experience. From a purely economic point of view, the best advice might be this: Save your money; you’ll need it for graduate school.

A little late for that advice, so basically as a Wesleyan student, good luck in this economy and don’t fritter away your increasingly valuable undergrad years, especially if you are paying a shitload for them.

CNN.com: Is college still worth the price?

The more you know…

Did you know Usdan had a PA system? I always suspected it, and my suspicions were confirmed today when, during lunch, a voice came over the loudspeaker and said, “In honor of Tuition Transition Day [or whatever], we just wanted to say that, no matter what you’re paying, you’re here for free.”

No word on when your checks will be arriving.

(Seriously, though, thanks to all the alums and others who have donated money toward the tuition funds. I would be in Ohio right now weeping if it weren’t for you.)

ETA: Explanation in the comments