Paul L. Caron

Tuesday, November 2, 2010

100 Colleges Charge $50k/Year -- Up from 58 in 2009-10 and 5 in 2008-09

Chronicle of Higher Education, A Public University Joins the Expanding 50K Club of College Prices, by Jeffrey Brainard:

The ranks of the most expensive colleges have grown again: 100 institutions are charging $50,000 or more for tuition, fees, room, and board in 2010-11, according to a Chronicle analysis of data released last week by the College Board. That's well above the 58 universities and colleges that charged that much in 2009-10, and a major jump from the year before, when only five colleges were priced over $50,000.

This year marks a milestone as the first public institution has joined that elite club: the University of California at Berkeley is charging out-of-state residents $50,649 for tuition, fees, room, and board. (The price for in-state residents is only $27,770.)

All of the other 99 colleges charging $50,000 or more are private. They made up 9% of the 1,058 private institutions reporting any amount for tuition, fees, room, and board.

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Line up those tuition gouging, endowment wasting six figure suits and run 'em through Congress for a good verbal wire brushing from the ardent defenders of the "little guy". Through in some adverse media coverage as well. That'll fix the SOB's!

Oh wait, my bad, that's just for evil oil company executives. University suits are all Democrats. They could not possibly be motivated by obscene profit or greed. Sorry, back on narrative.

Posted by: Vanguard of the Commentariat | Nov 16, 2010 11:41:52 AM

Not to quibble, but that's the average cost not the price. Tuition is only $10K (UC Berkeley). The rest is up to you, and can be cut a lot by using used books, living in a fraternity, etc.

Posted by: Pablo Snooze | Nov 16, 2010 9:58:12 AM

The fifty grand is to cover the subsidies given to other students. I know, that is the excuse my daughter's college gave me. Incidentally only in California can a person legally unqualified for residence in the US be consider a resident for tuition purposes.

Posted by: cubanbob | Nov 16, 2010 8:33:23 AM