College Tuition: LOL! WTF?

Today, as I was looking at my Twitter feed, a message seized my attention.

Apparently, according to the article, “The total cost of undergraduate education for the 2011-12 school year will be $55,416; of that amount, tuition is $41,853, and the remaining $13,563 is for room, board and fees.” To which I responded by shooting warm coffee out my nose, as I laughed.

Now, I don’t want to reveal too much about my current writing projects, but one of them is an essay about the coming crisis in higher education. My thesis, that a credit crunch in student loan markets will precipitate the collapse of that $1.25 trillion asset pool, which will in turn preclude otherwise bright and eager high school students from attending decent colleges because of financial issues, is, I admit, a little alarmist. But today’s news release from my college reveals a different, and significantly more troubling scenario.

But first, some facts: Continue reading “College Tuition: LOL! WTF?”