Why does it cost so much to go to good or reputable colleges?

Question

Is it true that you make more money in the work force having a degree from a good college like Stanford. And when you start making all this money you still don't get to enjoy it it because you are paying back the loans you took out to attend Stanford why is that? and does it have to be that way?

Not just Stanford that was an example UIUC etc.

Answer 1

you get paid more because you worked harder and because there are a limited of graduates from good universities rather than the mases of people from non-top 50 universities

I do not think most undergraduate education is expensive at all. You are paying for the facilities you are using, the professors salary, and they take your money and invest it in the future so when you are forty and want to change jobs or up for promotion the status of the school does not drop

Answer 2

Elite schools like Stanford are very expensive to run. If you want the most famous professors, and a lot of professors compared to the number of students so that you can have lots of small classes, then you have to have a lot of money. If you want a big library and a big computer center, and an art museum and big sports teams then you need money. If you want to give $10s of million in scholarships to 1000s of students every year, then you need a lot of money. So, it costs about $60, 000 a year/ per student to make that work. Some of the money comes from endowments and investments that alumni have given the school, and some comes from profits from the research that professors do. The rest has to come from students pockets.

It costs a lot to have students at state universities, too. But at the state schools the students just pay a small part of the cost and the state taxes pay the rest. And, the state schools generally have less famous professors, who get paid less, and work more classes, and who wind up teaching classes with 100s of students per class, instead of a dozen or two like in the private schools.

Millions of parents every year think that it is worth it to pay the difference. I agree with them. For many kids, the price of a private school is worth it. But not if they are screwing around, goofing off or otherwise not doing what they are supposed to do. If my kid went to an expensive school and got bad marks he would be over at State U faster than he could spit.

Answer 3

Thats true. You do get paid more on avarage from a school like stanford. As with anything, they will charge high becuase they are private and can set their own tuition and becuase people will be willing to spend money to get into and attend stanford.

A public 4 year university is a better deal, particularly in your home state.