Ron Lieber's insightful book, The Price You Pay for College, his columns in WSJ and NYT, and his appearances on podcasts and the lecture circuit have made him a well-known guide to financing college in the 2020's. I got to spend some time with Ron last fall at the National Association for College Admission Conference; he's funny, smart and dedicated to sharing good advice for the common good. He's also a dad who understands the plight of parents looking at outrageous sticker prices.
Ron talks here about a questionable milestone reached this year-- $100,000 per year for undergraduate tuition at Vanderbilt. It's hard to conceive for those of us in Gen X that the cost of college has tripled to quadrupled since we applied. I specifically remember that Vandy cost about $25,000 per year in 1991 when I was applying to college-- I got in and my parents rightfully redirected me to the great college that cost under $20K back then and gave me a scholarship that covered about a quarter of that cost.
In this article, Paul Tough, author of The Inequality Machine, talks about the price and benefits of college today, as well as the socioeconomic inequity in the current system. Paul has spent years researching admission offices and the pathways of students. I had the chance to meet him at a college access summit in 2019.
Last fall the NYT also published this sortable index of college costs, resources and impact on socioeconomic mobility.
and this breakout look at a specific well-resourced, highly selective university that enrolls a surprisingly low number of high-financial-need students.
You might find my other recent post on "ROI" of degrees to be an interesting complement to this set of articles.
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