With Jan. 1 (the official start of the 2009-2010 financial aid season) rapidly approaching, I thought this was a good time to talk about money. And since I have a cousin who is a senor in high school this year I decided to take a trip around the internet and look at the costs of higher education. Let’s take a quick check of the prices of some schools.
At the University of Missouri the costs for a year of school is roughly $16,000 for undergrads. This, of course, does not include the fees that are associated with taking a music class, a journalism class, an agriculture class, an engineering class, or a business class. Or being in a Teacher Ed. field placement.
Earlham costs $40,844 a year.
Hampshire costs $47,869 a year.
Berea (if students paid tuition) costs $30,512 a year.
And let’s not talk about graduate programs.
But I will talk about seminaries. All of these costs are tuition and fees only.
Starr King is roughly $12,000 a year.
Meadville is $1,400 per credit. $1,500 if the person is in the modified residency program.
Eden Theological is $11,600 a year.
Harvard is $24,940 a year.
Andover-Newton is roughly $11,500 a year.
United (in the Twin Cities) is roughly $10,500 a year.
Drew is $14,578 a year.
So let’s do a little calculation. Four years as an undergrad can range anywhere from $64,000 on the low end to $200,000+.
If one wants to go to seminary the prices range from roughly $30,000+ to $80,000+; of course this assumes that the person is going to do it in 3 years. If you add a 4th year (which seems to be the average) then you’re looking at $40,000+ to $100,000+. And this doesn’t add in having a place to sleep, eat, and being able to wash clothes.
So is it any wonder that people are choosing high-pay professions? When you’re walking out of undergrad with unimaginable debt loads (even from a state school), how can you encourage people to go into professions (teaching, social work, etc.) where the pay isn’t that good yet the impact may be immeasurable?
I’ll end it here for now. More later.