<p>UnivMom, I guess I’m older than you. In state tuition at NJ colleges was $600 back in the late 70’s. It’s now $19,000. Tuition has greatly outpaced inflation.</p>
<p>I paid $1,000 per year tuition at UMich in 1974, plus books, fees, rent, utilities and food. Ann Arbor was an extremely expensive place to live and after a roomate that partied way too much, I opted to room with a grad student off campus and pay for a single bedroom. by the time I graduated in 1978 tuition was over $900 a semester and my rent was $350 per month. My mother found all the documents in her house when they were packing up to move last year.</p>
<p>NJ schools must have been cheaper!</p>
<p>I do believe that private school tuition during that period was between $4,000-7,000.</p>
<p>I know my first year of law school in 1985 was about $12,000 per year.</p>
<p>I have read that tuition has outpaced inflation…especially private school tuition. That’s what I was talking about.</p>
<p>Here is a historical record of costs from Oberlin College, a private LAC</p>
<pre><code> Year, Tuition, Fees, Board, Room, Total, %tuition inc. prior yr , %total inc. prior yr
1957-58 $750 $75 $460 $280 1,565
1958-59 $950 $75 $480 $300 1,805 26.7% 15.3%
1959-60 $950 $81 $500 $300 1,831 0.0% 1.4%
1960-61 $1,150 $82 $500 $300 2,032 21.1% 11.0%
1961-62 $1,150 $82 $500 $330 2,062 0.0% 1.5%
1962-63 $1,350 $93 $500 $330 2,273 17.4% 10.2%
1963-64 $1,350 $93 $500 $400 2,343 0.0% 3.1%
1964-65 $1,550 $100 $520 $400 2,570 14.8% 9.7%
1965-66 $1,550 $100 $520 $400 2,570 0.0% 0.0%
1966-67 $1,750 $103 $520 $400 2,773 12.9% 7.9%
1967-68 $1,750 $104 $580 $480 2,914 0.0% 5.1%
1968-69 $2,000 $109 $600 $480 3,189 14.3% 9.4%
1969-70 $2,250 $120 $640 $500 3,510 12.5% 10.1%
1970-71 $2,400 $170 $680 $500 3,750 6.7% 6.8%
1971-72 $2,550 $220 $680 $500 3,950 6.3% 5.3%
1972-73 $2,675 $222 $710 $520 4,127 4.9% 4.5%
1973-74 $2,825 $251 $740 $545 4,361 5.6% 5.7%
1974-75 $3,025 $276 $780 $585 4,666 7.1% 7.0%
1975-76 $3,300 $282 $800 $660 5,042 9.1% 8.1%
1976-77 $3,675 $157 $850 $710 5,392 11.4% 6.9%
1977-78 $3,975 $157 $945 $770 5,847 8.2% 8.4%
1978-79 $4,300 $185 $1,010 $845 6,340 8.2% 8.4%
1979-80 $4,725 $190 $1,160 $915 6,990 9.9% 10.3%
1980-81 $5,575 $218 $1,275 $1,055 8,123 18.0% 16.2%
1981-82 $6,640 $234 $1,455 $1,215 9,544 19.1% 17.5%
1982-83 $7,500 $250 $1,605 $1,350 10,705 13.0% 12.2%
1983-84 $8,375 $256 $1,710 $1,450 11,791 11.7% 10.1%
1984-85 $9,175 $268 $1,870 $1,590 12,903 9.6% 9.4%
1985-86 $9,875 $283 $1,980 $1,690 13,828 7.6% 7.2%
1986-87 $10,700 $300 $2,076 $1,805 14,881 8.4% 7.6%
1987-88 $11,535 $320 $2,180 $1,970 16,005 7.8% 7.6%
1988-89 $12,575 $342 $2,317 $2,140 17,374 9.0% 8.6%
1989-90 $13,835 $388 $2,485 $2,310 19,018 10.0% 9.5%
1990-91 $15,220 $407 $2,625 $2,450 20,702 10.0% 8.9%
1991-92 $16,375 $433 $2,770 $2,580 22,158 7.6% 7.0%
1992-93 $17,600 $111 $2,885 $2,690 23,286 7.5% 5.1%
1993-94 $18,825 $115 $3,048 $2,820 24,808 7.0% 6.5%
1994-95 $19,670 $135 $3,157 $2,920 25,882 4.5% 4.3%
1995-96 $20,600 $146 $3,000 $2,970 26,716 4.7% 3.2%
1996-97 $21,425 $151 $3,100 $3,074 27,750 4.0% 3.9%
1997-98 $22,282 $156 $3,192 $3,166 28,796 4.0% 3.8%
1998-99 $23,174 $162 $2,978 $3,260 29,574 4.0% 2.7%
1999-00 $24,096 $166 $2,978 $3,200 30,440 4.0% 2.9%
2000-01 $25,180 $168 $3,052 $3,312 31,712 4.5% 4.2%
2001-02 $26,410 $170 $3,130 $3,430 33,140 4.9% 4.5%
2002-03 $27,880 $184 $3,260 $3,570 34,894 5.6% 5.3%
2003-04 $29,500 $188 $3,450 $3,800 36,938 5.8% 5.9%
2004-05 $30,975 $192 $3,623 $4,020 38,810 5.0% 5.1%
2005-06 $32,524 $200 $3,880 $4,300 40,904 5.0% 5.4%
2006-07 $34,216 $210 $4,140 $4,580 43,146 5.2% 5.5%
2007-08 $36,064 $218 $4,430 $4,850 45,562 5.4% 5.6%
</code></pre>
<p>When I attended UConn in the early 70s there was NO tuition. There was a whole lotta fees, plus room and board, but no line item for <em>tuition</em>. That was added, as a fairly nominal amount, I seem to remember $200 in my junior or senior year. </p>
<p>My total cost of attendance at UConn was about $2000/year, as an instate student. I banked about $600-900 from my summer job which was for books and expenses, took about $3000 in loans total, and my parents made up the difference.</p>
<p>
</p>
<p>I checked out this Oak Investements and here is the headcounts:
-4 or 5 got an MBA from HYPSM
-1 got MBA from non-HYPSM
-2 or 3 from non-HYMSM, Smith, Brooklyn College and never heard of college from Australia, Sacred College somewhere.
-1 or 2 got undergraduate from HYPSM</p>
<p>So from the above numbers I would say the MBA degree from HYP is more important and not the prestigious undergraduate.</p>
<p>“So from the above numbers I would say the MBA degree from HYP is more important and not the prestigious undergraduate.”</p>
<p>I respectfully disagree. There’s no argument where one received their MBA is of vast importance in many instances; however, it isn’t an accident that eight of the ten OIP senior employees educated in the US have undergrad degrees from elite colleges.----two Harvard, two Stanford, two Princeton, UVirginia and Smith.</p>
<p>99cents, another reason why they go undergrad is to start making the connections needed to get in the front door. The kid down the hall might look like any other student, but his Dad may run one of the biggest hedge funds around…alot of networking starts in the undergrad years of these prestigious institutions.(the “right” eating club or secret society membership starts the ball rolling)</p>
<p>Yes I understand the connection part. But you can also make connection at the MBA levels too. For example the Bass guy from Texas with his money manager.
It has always been my understanding that an MBA from HYPMS is what matters not the undergraduate. You can get into one of these top MBA programs from less selective colleges as well. I also noted also the firm is located in CT. There is a certain snobbishness which is what my D often states that she’d be willing to put up with East Coast snob vs somewhere else in her college search. Flame away!</p>
<p>
Yes, but the vast number of private , non-institutional large scholarships of the full-ride type you are speaking of have need as a criteria.</p>
<p>As to the other scholarships your son has been offered at schools that you haven’t listed, congratulations. Please share them if you feel comfortable on the Master Scholarship List. Kids can really use the help next year (and if it’s not too late - this year!). And don’t forget to post those acceptances on the master list, too. It sounds like he’s doing quite well so far. That AFA appointment is very cool to an AF brat like me. Good luck the rest of the way.</p>
<p>“You can get into one of these top MBA programs from less selective colleges as well”</p>
<p>Absolutely! I never stated otherwise. You and I don’t have a disagreement. And if you read my original post, I readily admit eastern snobbery can play a role in hiring and advancement. No argument there. But when in Rome………</p>
<p>I was responding to Christcorp’s comment “When it comes to a B.S./B.A. degree, going to the Top 50 mean very little.” That statement, in many instances, is blatantly incorrect, whether it pertains to engineering, finance or almost any profession.</p>
<p>“For example the Bass guy from Texas with his money manager.”</p>
<p>I assume you’re referring to one the three Bass brothers. All three attended Yale. Robert, who you might have in mind, also has a Stanford MBA degree. He founded the prestigious and extremely profitable Oak Hill Capital. Eighteen of the twenty two senior employees have undergraduate degrees from elite colleges. Even Fort Worth boys fall prey to prestige. ;)</p>
<p>yes that is the guy, he got his MBA from Stanford</p>
<p>[Top</a> Stories: News: Stanford GSB](<a href=“http://www.gsb.stanford.edu/news/headlines/bass_gift.shtml]Top”>http://www.gsb.stanford.edu/news/headlines/bass_gift.shtml)</p>
<p>However, what’s odd is that I thought his wife and him had splitted. It was in the news over somebody’s name Mercedes. Oh well, I can’t keep up with the National Enquirer.:)</p>
<p>Isn’t the Bass brother who ran off with Mercedes the one who gave a ton of $$ to Yale, and then took it back when they refused to spend it on what he had specified that it be spent on? (syntax,sorry)</p>
<p>It’s in here.
[TEXAS</a> DEAL MAKER: Robert M. Bass; A Younger Brother Steps Out on His Own - New York Times](<a href=“http://query.nytimes.com/gst/fullpage.html?res=940DE3D71F30F936A35755C0A96E948260&sec=&spon=&pagewanted=2]TEXAS”>http://query.nytimes.com/gst/fullpage.html?res=940DE3D71F30F936A35755C0A96E948260&sec=&spon=&pagewanted=2)</p>
<p>and here
[Sid</a> Bass](<a href=“http://www.nndb.com/people/117/000133715/]Sid”>Sid Bass)</p>
<p>I think the confusing part is that they both have wifes name Anne.</p>
<p>I think Sid’s the one who split with Anne and has been with Mercedes for quite a few years now.</p>
<p>^^^ what?!?!</p>
<p>This is taken directly from Harvard University’s Financial Aid Page:</p>
<p>FAQ:
Q: What if my parents refuse to help out with the college costs and refuse to pay the parent contribution?
A: Well, that could be a very big problem. Harvard University, like many other universities gives out financial aid to families who have the “ability” to pay, and not the “willingness” to pay. Attending Harvard University should be a mutual decision between you and your parents.</p>
<p><a href=“http://www.fao.fas.harvard.edu/qa_prospects.htm#q10[/url]”>http://www.fao.fas.harvard.edu/qa_prospects.htm#q10</a></p>
<br>
<br>
<p>I like it!</p>
<p>Harvard was misquoted in the earlier post. What Harvard said was </p>
<p>
</p>
<p>which is less paradoxical than what was posted above by another participant, presumably with a slip of the keyboard. I don’t think Harvard gives financial aid to “families who have the ‘ability’ to pay” but rather to families that LACK ability to pay. Check the link for the exact wording of Harvard’s statement, which I just pasted into this post. </p>
<p><a href=“http://www.fao.fas.harvard.edu/qa_prospects.htm#q10[/url]”>http://www.fao.fas.harvard.edu/qa_prospects.htm#q10</a></p>