carney2
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How Much Did Lafayette Cost In Your Day?A recent NY Times article mentioned that one year at our alma mater now costs $47,338. It occurred to me that the total cost for my freshman year was something like $1,800. What about you?
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Franks Tanks
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Re: How Much Did Lafayette Cost In Your Day? | carney2 wrote: | | A recent NY Times article mentioned that one year at our alma mater now costs $47,338. It occurred to me that the total cost for my freshman year was something like $1,800. What about you? |
I believe 29k and that was 99-2000 school year. Quite an increase in the last decade.
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DaveR
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I believe that it was $14,000 my freshman year (1978).
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Lafalum
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about 2700 dollars I believe. Starting salaries for graduates then were 6-7 k per year.
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65Pard
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As I recall....2000 freshman year, 2400 senior year
starting engineering salaries senior year about 8000 bucks......4 bedroom starter home in Phila suburb 22,000
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Franks Tanks
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| 65Pard wrote: | As I recall....2000 freshman year, 2400 senior year
starting engineering salaries senior year about 8000 bucks......4 bedroom starter home in Phila suburb 22,000 |
A Starter home in a Philly suburb is about 300k and full cost a year at Lafayette is 50k. So right now the home is 6x tution and in your day it was roughly 10x. ANother example of tuition far outpacing inflation over the last few decades.
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Lafalum
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So I'll reask the question. Tuition has outpaced inflation, we have less classes per semester and a shorter semester. So who is benefiting??? We have presidential salaries with paid housing at 350k plus, an army of adminstrators whose top avg pay not including free housing of 200K plus and the avg prof gets nearly 100k a year who gets the summer off and a whole year sabatical once every seven years?? We have an endowment (even deflated as it is) 10 times the endowment of 40 year ago as well. Oh and the school population has grown by 500 students who pay a higher tuition and we reduced the housing units (frats) by about 11 and increased dorm space (financed by 1/3 alumni donations and 2/3 by room rents that retired long term debt)
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65Pard
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Lafalum, I'm not sure how this relates to your question but I am postulating that the rapid rise of tuition and fees nationwide is related to College administrations implementing a redistribution of wealth agenda......
No way does it cost $50K to educate and house one person at Lafayette....Those who can pay the full cost are forced to do so, and some of their money is used to subsidize those who are offered aid.....
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Lafalum
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Brilliant...obviously the result of a value packed 4 years on the Hill. I do think however, the proliferation of administrators is unwarranted and costly. This is a criticism of higher education in general. Also the cost of technology is not easily spread over a small school population. ( One of the reasons I believe we would be better off with a student population closer to 3500 than 2000)
One interesting fact, the discount ( amt of aid/the retail cost of tuition) is lower at Colgate than Lafayette. The discount at Colgate is about 19 pct and the the discount at Lafayette is close to 40 pct. That frees enormous amounts of dollars for other things at Colgate.( like an athletic budget 30 pct higher than ours)
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Pards Rule
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| DaveR wrote: | | I believe that it was $14,000 my freshman year (1978). |
That cant be right ..that was the number for my senior year (1983-84)
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