Cost of college education on way to $250,000

Full rides mostly went to instate students - university published a list. Knowing the attitudes of NJ citizen the yield was nowhere close to 100% so the number of offers was probably many more than 90.
Athletic scholarships greatly increased since they joined Big 10. Underfunded sports became fully funded.

371 students got merit money averaging $11600 acc to CDS. That’s out of about 6400 freshmen, so more than 10%. 2,5% getting full ride. Not bad at all

UBuffalo gives one full ride merit award.

Don’t know about athletic scholarships, but Rutgers NB offers a couple of hundred merit-based Presidential Scholarships each year. They’re effectively full rides ($25k or so) for instate students, but obviously not for OOS students. They’re guaranteed for at least four years, though, with some min GPA requirement.

Acc to info, 90 accepted students got full rides, and they had to be in state since their max award is using In state tuition. 4x that amount did get some merit averaging $11600. No idea what the breakdown is between in and out of state. Still, good numbers for a state school giving merit. Top 10% getting merit, some substantial

I don’t know if anyone who got a full ride at Rutgers for academics recently, although I know they gave them in the past. My dd’s Friend was valedictorian of her class and received some money, and my ds’s friend was salutatorian and received some money. Dd is 8th in her class of 300+, 4.2 GPA, ACT 34, varsity athlete/captain, AP scholar, tons of UC and volunteering, seton hall admissions employee emailed her to compliment her on her essay, Rutgers offered her $5000. Back in my day that would’ve been a full ride.

Acc to info @Tanbiko gave, 91 kids got Full rides, but he gives 2009 as year. I don’t know if that’s a typo and he meant 2019. Perhaps he can elaborate.

Things have changed a lot just in 4 years. My son got two full rides automatically due to his gpa and test scores. Those schools now require an assessment process to get those awards, not automatic anymore.

Back in the day when my oldest was looking at colleges, getting into Pitt honors college and a generous Chancellors award was pretty much automatic. Now those numbers are not even good enough to get you considered for those awards.

There used to be a list of automatic full ride scholarships here. Things have changed so much that there aren’t many schools left in such a list.

On the other hand, some schools are giving out more generous merit money. My kids were doing really well to get $5k awards. I’m seeing the same schools giving out $20k in merit money now. Of course their sticker price has gone up about that too.

Rutgers does say it gives out awards up to close to what instate tuition, room and board are. How many, no clue. What % of what dollar amounts go to OOS applicants, no idea. I’ve not seen Rutgers on any list of state schools with good merit money for OOS kids, like South Carolina, Alabama are. It’s also not as popular of an OOS venue as Michigan , Pitt, and a number of other flagship schools. It’s very expensive for OOS kids , >$50k a year, and isn’t up there in stature like UM, UVA, UNC. But it has a lot more name recognition than UBuffalo and gives out more merit money.

$250,000 is about the total cost of attendance at private colleges by my TWO kids combined – near the end of the previous century. We were fortunate to have saved a majority of that over the years, then drew on current income + help from my parents that covered about 25% of the total COA. A small NMS award ($800 per year!) helped in one case. We paid the price for our kids rejecting major awards from state universities, because we felt that the colleges they did attend would do more for their intellectual development and their careers. In retrospect, I’m not sure that was an accurate assumption. Careers depend on so much more than the undergraduate diploma or credential.

Yes, Rutgers is high for OOS, ironically Dd chose UDel, which is even higher for OOS, they gave her $18,000, and she liked it way more than Rutgers.

250-350 is my guess. Assuming a yield of 50% among this group, 150 or so recipients of its Presidential Scholarships. I believe the program doesn’t discriminate against OOS applicants.

I posted about 2009 because this is when my son applied. What Rutgers offered was not truly a full-ride but 4 years of $24.8K that was T+R&B that year. My daughter was offered 5.5K in 2014 and I am totally out of the loop for 2019.
Basically, I am trying to say that not everyone pays full price and this will probably continue.

Unless college payments get tied to student’s own work-study, obligatory physician/military pattern residency years in every field and future income, cost of attendance will keep going up so paying parents and system keep paying bills of other parents.

Students are the consumers and beneficiaries so it should be about their income, it shouldn’t be about parental income. Low parental income should be considered for admission boost to make up for that but cost should be same for every applicant and they should be responsible for their payments. Either education should be free for all or for none.

Georgia gives full, or close to full tuition for in-state students who attend their colleges through the Zell Miller program (3.7+ HS GPA & ACT26) , and partial tuition through their Hope scholarship (3.0 HS GPA) program. Thousands of students receive them (ZM), and even more get the Hope scholarship. All the student has to cover is room and board, plus a small amount (~$2K+ books) of tuition even at the most prestigious universities like Georgia Tech.

If other states had a similar programs we would not have a college cost crisis.

Though I appreciate aspects of many states’ efforts to keep talent in state, I’m still way down at the most basic level. I’d like to see community college to be free for everyone. Tennessee has made steps in this direction. A public transportation available so that community college is accessible too.

Once someone satisfactorily completes enough of college to continue, aid for a 4 year degree. I’d like to see career type programs and certificates available at the CCs.

NY covers a lot of the tuition costs for SUNYs. A lot of schools so most of our residents do live close enough to a college to commute. Families under a certain income threshold get the Excelsior that can cover most of the already reasonably priced tuition. Top 10% of class gets free tuition if they major in STEM.

But still big gaps. Need FAFSA filed, so those with uncooperative parents cannot get much of the moneys. Limiting rules, Still leaves people full pay.

It’s 300k for the full pay private school these days including books, travel and any basic allowance. Add in a summer class abroad its another 6500. Uber and toiletries and sundries. Merit is smart.

250k for a top public full pay down line a few decades. Totally believable. But there will be free options for all by then. Probably in the CC and directional or state college variety.

At some point it will cost $250K for the car in your driveway too.

Looking at these new hybrid cars, I don’t doubt it. The entry price for a subcompact (not those mini cars) has been going up and up.

Yep. The 1978 BMW 320i was $9300 msrp and $7500 avg retail cost.

Same model car today 40 years later is $42,000.

That’s a 40 year look at inflationary pressures in a snapshot.

A 30k a year public university would be 120k per year or 480k for four years, roughly a quadrupling of cost in fourth years. Divide by two for the 20 year mark. Sure 240k isn’t outside of the realm of possibility at all.

Hopefully inflation levels stay low but then we will also see anemic wage growth which won’t be palatable to most Americans. Bit of a problem.

Val of S17’s class received what was essentially a free ride from Rutgers.

Rowan offers up to $10k/year merit but doesn’t publicize criteria anymore. That would almost cover tuition in-state for the year. They also have some agreements in place with the area CC where you can go 3 years at CC and pay 1 year at Rowan.

Stockton also offers up to $18k for highly qualified applicants. That gets cost under $10k/yr for instate. A friend’s daughter starts Ramapo in the fall and she got good merit as well but not sure of how much.

We can cite exceptional situations(Georgia, Alabama automatic scholarshiops) or exceptionally low- or high-cost public schools.

But the overall trend in the US is for public schools - especially state flagship universities - to be unaffordable for the middle/working class.

And that is not good for Americans. Or America.

This link is a good history of college prices. The key take away for me is average tuition net of grant aid and tax benefits is about 50% of list price for 4 year colleges.

https://www.insidehighered.com/news/2017/10/25/tuition-and-fees-still-rising-faster-aid-college-board-report-shows