>> The only schools that cost $40,000 or $50,000 like the mayor said are elite schools,” Kantrowitz said.
uh... I hope they are talking per year here. The article doesn't make that clear, but 40k in debt after 4 years at a public/state college is very very possible... Bloomberg might be out of touch with how tuition has skyrocketed. Heck, I graduated in 07, and in-state tuition at my alma mater has DOUBLED since then...
That quote is referencing Bloomberg's earlier quote “You don’t spend ... four years spending $40,000, $50,000 in tuition without earning income.” So it's pretty clear here's talking about per-year tuition.
The sticker price has gone way up (no surprise). But, because the value of grants and scholarships has also grown, average net price has grown much more slowly. In fact, in the past five years, average net price at private colleges has actually fallen.
uh... I hope they are talking per year here. The article doesn't make that clear, but 40k in debt after 4 years at a public/state college is very very possible... Bloomberg might be out of touch with how tuition has skyrocketed. Heck, I graduated in 07, and in-state tuition at my alma mater has DOUBLED since then...