WBEZ | college tuition http://www.wbez.org/tags/college-tuition Latest from WBEZ Chicago Public Radio en The Life And Death Of The Summer Job http://www.wbez.org/news/life-and-death-summer-job-112604 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/empty-wallet-final-web_slide-e6cbc124ad2fed52d0bfc86a10e8bd8ca4b15ed5-s800-c85.jpg" alt="" /><p><p>Summertime means summer jobs for many college students. But a summer job just doesn&#39;t have the purchasing power it used to, especially when you compare it with the cost of college.</p><p>Let&#39;s take the example of a working-class student at a four-year public university who&#39;s getting no help from Mom and Dad. In 1981-82, the average&nbsp;<a href="https://trends.collegeboard.org/college-pricing/figures-tables/tuition-and-fee-and-room-and-board-charges-over-time-1973-74-through-2013-14-selected-years">full cost to attend</a>&nbsp;was $2,870. That&#39;s for tuition, fees and room and board.</p><p>The maximum Pell Grant award back then for free tuition help from the government was $1,800. That leaves our hypothetical student on the hook for just about $1,000. Add in a little pocket money, too &mdash; say $35 a week. That makes an extra $1,820 for the year on top of the $1,000 tuition shortfall.</p><p>Now, $3.35 an hour was the minimum wage back then. So, to make $2,820 meant working 842 hours. That&#39;s 16 hours a week year-round &mdash; a decent part-time job. It&#39;s also about nine hours a day for three straight months &mdash; a full-time, seven-day-a-week summer job. Or, more likely, a combination of both. In short: not impossible. Far from it.</p><p>For today&#39;s public university student, the numbers have all changed in the wrong direction.</p><p>Here&#39;s what we calculated based on last year&#39;s numbers.</p><blockquote><div><p>&quot;The minimum wage has also gone up more slowly than the cost of college. It&#39;s $7.25 an hour. At that rate, a student would have to work 1,771 hours to get by. That&#39;s 34 hours a week, every week of the year. To cover today&#39;s costs with just a summer job, a student would have to lose a little sleep, working almost 20 hours a day for three straight months. And that would still leave no money for books, travel home, pizza or a trip to the movies.&quot;</p></div></blockquote><p>This year, based on the new full cost of attendance, things are even worse.</p><p>In 2014-2015, the school year just ended, the total of tuition, fees and room and board for in-state students at four-year public universities&nbsp;<a href="http://trends.collegeboard.org/college-pricing/figures-tables/tuition-fees-room-board-time">was $18,943</a>. The maximum Pell Grant didn&#39;t keep pace with that:&nbsp;<a href="http://trends.collegeboard.org/student-aid/figures-tables/federal-pell-grant-awards-current-and-constant-dollars-over-time">It was $5,730</a>. That left our hypothetical student on the hook for $13,313.</p><p>A student would now have to work 35 hours a week, every week of the year, to get by. To cover today&#39;s costs with a low-skilled, minimum wage summer job? Over 90 days, a student would need to work 20.24 hours a day.</p><p>Plus side: if you&#39;re working that much, you don&#39;t need to pay rent because you&#39;re hardly sleeping.</p><p>There&#39;s also this: Research shows that when college students work&nbsp;<a href="http://www.insidehighered.com/news/2009/06/08/work#sthash.p0fjaNPG.dpbs">more than 20 hours a week</a>&nbsp;their studies suffer. If they&#39;re working full time, many will take longer to finish ... and end up paying even more.</p><p>No wonder students are borrowing so much these days.</p><div>&nbsp;</div></p> Sun, 09 Aug 2015 22:39:00 -0500 http://www.wbez.org/news/life-and-death-summer-job-112604 A Mere $392,800 Gets You A Degree!? http://www.wbez.org/blogs/bez/2013-02/mere-392800-gets-you-degree-105687 <p><div class="image-insert-image "><img alt="" class="image-original_image" src="http://llnw.wbez.org/styles/original_image/llo/insert-images/college tuition.jpg" style="float: right; height: 263px; width: 300px;" title="(tax credits/flickr)" />Are you shocked by the cost of a university education today? I am, and I work at a university.</div><p>Frankly, I don&rsquo;t understand how parents and students today are able to pay the present room, board, and tuition costs of an education at either a public college ($25,000) or a private college ($55,000). The cost of higher education has increased at a faster rate than inflation for at least the last ten years.</p><p>And, according to college financial aid consultant Kalman Chany, there is no end in sight. Chany predicts that when today&rsquo;s children to go college, the estimated cost of a state school will be $37,000 a year, and at a private school, the cost will be $98,200.</p><p>When you multiply these numbers by a factor of four, you wind up with public tuition topping out at $150,800, and private tuition at $392,800. (And, by the way, these figures do not include books, spending money, and transportation) Now, don&rsquo;t get me wrong, I&rsquo;m still convinced of the importance of a college education, both in regard to developing competence and a career, as well as addressing the related questions of &ldquo;personal identity and character.&rdquo;</p><p>However, I am also convinced that universities need to redefine their financial models and ways of doing business. The golden ages of the &ldquo;baby boomers&rdquo; charging off to college in unprecedented numbers is over. Birth rates have been down for over 15 years, and so has the pool of normal college age students.</p><p>Moreover, the demands and specific needs of the market place have changed. Nowadays, just getting a degree is no longer a guarantee of getting a job.</p><p>&ldquo;Boomer&rdquo; parents were once able to help, if not, completely pay college bills while simultaneously maintaining a middle class existence and planning for retirement. But, today&rsquo;s parents can&rsquo;t do it all anymore. And, clearly, most students cannot pay for their own tuition.</p><p>Those students who do pay their own bills, often do so by taking on loans that often require 10 to 15 years to pay off. Given today&rsquo;s and tomorrow&rsquo;s projected costs, I simply don&rsquo;t think universities can maintain their present pedagogical model and method of doing education.</p><p>I&rsquo;m convinced that within 15 years, the average university undergraduate curriculum will be a two to a three year experience. Yes, there will be &ldquo;some&rdquo; liberal art; but the focus will be on career preparation and technical competencies. This possible near-future scenario deeply troubles me greatly.</p><p>But, after four-decades in the classroom, I, sadly, just can&rsquo;t imagine any other workable alternative.</p></p> Thu, 28 Feb 2013 05:00:00 -0600 http://www.wbez.org/blogs/bez/2013-02/mere-392800-gets-you-degree-105687 University of Illinois raises tuition by 1.7 percent http://www.wbez.org/news/university-illinois-raises-tuition-17-percent-105123 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/RS3726_University of Illinois_Flickr_Spiffy0777.jpg" alt="" /><p><p>University of Illinois trustees have raised tuition for in-state students starting school this fall by 1.7 percent. It is the smallest increase in almost two decades.</p><p>Under Thursday&#39;s unanimous vote, undergraduate tuition at the flagship Urbana-Champaign campus will increase $198 to $11,834 a year. Chicago campus undergraduates will see an increase of $174 to $10,406. And tuition in Springfield will increase $157.50 to $9,247.50.</p><p>Increases won&#39;t affect current students. State law guarantees students at public universities will pay the same tuition for four years.</p><p>The coming increase is the smallest in terms of percentage since 1994. Recent increases have been as high as 9.5 percent.</p><p>Trustees also raised housing costs to $9,979 a year in Urbana-Champaign, $10,261 in Chicago and $10,350 in Springfield.</p></p> Thu, 24 Jan 2013 11:16:00 -0600 http://www.wbez.org/news/university-illinois-raises-tuition-17-percent-105123