OK folks - I have to laugh - I am a college recruiter and this conversation is so 'at work' for me.
First and foremost - if you have sticker-shock - it is rightfully so.
Higher Education is expensive - and frankly the price tag on the education is not connected to the quality, quantity, or 'after graduation' value of the degree conferred.
As so many previous posters have said - the in-state / out-of-state costs are directly linked to public subsidy - and then on the next level it is linked to supply and demand.
I work for my Alma Mater - I recieved a top notch education that prepared me to be a life long learner. I had amazing faculty members that cared about my education and invested themselves in my personal development. So it is very easy for me to 'sell' a school experience that changed my way of thinking, my desire to learn, and above all else had such a profound impact on my life.
So - I love it when parents react to our out-of-state costs by asking - "So that's your in state cost - what does it cost for out-of-state students???" To which I respond "That IS our out-of-state cost!"
Education costs are soaring - and there are schools out there that ARE affordable for both in-state and out of state students. You just have to look for them..... WHY? They can't afford to market themselves in a way that would put their name "OUT THERE". It doesn't make sense or fulfill their purpose to spend large amounts of money on marketing.
Another reason - a smaller school equals a smaller graduating class - thus fewer alumni. Proud Alumni really provide a great testament to the quality of education.
Yet another reason - smaller schools don't have the ability to send recruiters all over creation to recruit only the top 10% of every class - at every high school. So you may not see them at a college fair, you may not hear their name - or see their information in a guidance counselors office - but the school it out there - MANY with programs that are far better then programs at much larger schools - WHY? Because the faculty members invest themselves in their students, because the student's success is a mirror image of the professor's finest work. It's like buying a custom tailored suit - IT FITS the person it was made for. Professors at smaller schools have the ability to 'custom fit' a student's interests, both personal and career/professional.
So at larger college/universities, classes are so large that professors teach to jammed lecture halls often times of 200+ students. That professor doesn't know the student's names - let alone what their personal/professional interests are. Thus creating a more 'off the rack' or cookie cutter education. Nothing custom or customized about it.
So why does an 'Off the rack' education cost more?
There are many reasons - just a few below:
You know those great college football games on TV - everyone loves to watch the game and cheer on their favorite team....
Well in the process you are cheering on higher tuition, higher facility costs, increased security costs, increased coaching staff costs, and a host of other costs that ADD to your bottom line.
For instance in 2009 The University of Arkansas spent almost 60% more of their total revenue on Athletics versus academics? Is that FAIR? NO WAY!
There are in fact very few college athletics programs that are self sustaining - Most schools charge athletic fees to ALL their full-time on campus students some as high as $1,000 PER SEMESTER - is it work $8,000 in student loan debt to pay for cash-hog athletics programs with bloated budgets? NO WAY!
And yet another reason - so many universities have become major research institutions that they have an abundance of faculty that work with as few as one student (in recent reports about a major school) yet they make $100,000 a year? To NOT teach?
If your pockets are not deep - and you need to look at the cost of education look at the ways schools spend the money that you have worked so hard to earn and save over the years.
Look for schools that do not have bloated research budgets - look for schools where athletics are not "King" - and more importantly look for schools that give you the time of day - and ones that don't just assume that you want in - and want to be a part.
Look for a school that welcomes you - not just your money.
It takes a village to raise a child - not a major metropolitan area.
What are you buying? What are you investing in?
Is it a party school? Can you buy a keg on every corner?
Education is too expensive to mix with drugs and alcohol. (interjecting my personal opinion)
Take a walk on the wild side -
Here is what I consider reasonable:
Tuition+Fees+Room+Board=
Less than $18,000 a year.
If a student has a GPA of at least 3.0 and an SAT Combined Critical Reading and Math score of at least 990, drop the above figure to
$16,330
That's the school I work for - yet we've produced stellar graduates - in many cases that were ABLE to be successful because they didn't saddle themselves with unnecessary student debt on their way up the ladder.
With the Masters degree being the 'NEW' Bachelors, it makes WAY more sense to save $$$ on your undergrad and invest in a good graduate school.
Who do you want writing your son or daughter's letter of recommendation to graduate/professional school - the custom tailor who walked your student through their own personal self discovery and was with them every step of the way - or the professor who never had the time to learn your student's name until their senior year of college?
Don't waste your money - this is the budget board after all!
Don't let BIG schools sell you on quality, when in fact you are just a number to them.
Shop around - GREAT schools are out there - ready to take students to the next level - for a reasonable price.
If you would like to name of the best school that you've never heard of - PLEASE feel free to PM me - I don't want to post it because I did NOT post this out of self interest, I posted it to encourage families to SHOP AROUND!