I recently read the book Who Gets in and Why: A Year Inside College Admissions by Jeffrey J. Selingo. As a parent of a 7th and a 2nd grader, I am quite anxious about the college admission meat grinder my kids will be going through. Even if my kids are able to get into top Ivy plus colleges, I am not sure if the $80K a year price tag is worth it. I did a quick back of envelope calculation, the $60K a year tuition of many Ivy plus colleges basically translates to $100 per hour of instruction (assuming 15 units per semester, 20 weeks per semester and two semesters.) It’s not a one-on-one class though. Ivy League students are taking the classes with dozens if not hundreds of other students. I found this cost insane. I doubt the professors who teach a 50-person class are being paid anything near $5000 an hour. Elite college education these days is basically luxury goods with limited supply and a very high demand. I personally don’t believe education should be sold this way. These elite colleges are non-profits who are supposed to serve public interest but in reality they act like oligopolies under crony capitalism. Did I mention that
4/5/2024: Who Got into the Top Colleges?
4/5/2024: Who Got into the Top Colleges?
4/5/2024: Who Got into the Top Colleges?
I recently read the book Who Gets in and Why: A Year Inside College Admissions by Jeffrey J. Selingo. As a parent of a 7th and a 2nd grader, I am quite anxious about the college admission meat grinder my kids will be going through. Even if my kids are able to get into top Ivy plus colleges, I am not sure if the $80K a year price tag is worth it. I did a quick back of envelope calculation, the $60K a year tuition of many Ivy plus colleges basically translates to $100 per hour of instruction (assuming 15 units per semester, 20 weeks per semester and two semesters.) It’s not a one-on-one class though. Ivy League students are taking the classes with dozens if not hundreds of other students. I found this cost insane. I doubt the professors who teach a 50-person class are being paid anything near $5000 an hour. Elite college education these days is basically luxury goods with limited supply and a very high demand. I personally don’t believe education should be sold this way. These elite colleges are non-profits who are supposed to serve public interest but in reality they act like oligopolies under crony capitalism. Did I mention that