- ↪ Eight Reasons College Tuition is the Next Bubble to Burst
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More evidence that the college tuition bubble burst is looming on the horizon.
One observation that I find particularly aggravating:
6) Schools are spending on luxurious amenities to lure in more students
Flush with student loan money and wanting to attract even more, colleges are increasingly spending on luxury dorms, gyms, swimming pools and other amenities.
What’s the deal with the fancy student centers and other over-the-top expenditures? Schools seem to engage in never-ending building initiatives that consume millions of your tuition dollars. But I really doubt the quality of the education they provide is enhanced one bit by an on-campus Starbucks.
But, let’s face it, competing for students isn’t always about offering the best education possible.
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URL: http://careared.com/linked/eight-reasons-college-tuition-is-the-next-bubble-to-burst
Just found your blog—I really like it so far.
One of the things my parents liked about my alma mater is that they could tell the administration wasn’t throwing student tuition at fancy rec centers and palatial dorms. Of course, toward the end of my time there, fancy rec centers and palatial dorms were under construction and tuition was hiked up to make us seem more desirable (my alma mater’s one of those Top 20 USNWR Non-Ivy schools with an inferiority complex). It’s sad to see that tuition has increased by more than $10,000 in the 3 years since I’ve graduated.
StephanieJanuary 28th, 2011