TCU just raise tuition to 61k a year.

8,543 Views | 59 Replies | Last: 2 yr ago by ZachTay
PartyBear
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Not football related but man that is insane. It according to the report I was reading the tuition there is higher than at Harvard. I did not do my own research on that assertion.
Aberzombie1892
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To be fair, Harvard's tuition isn't the benchmark for tuition, and there are plenty of schools that cost more.
thales
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what's everyone's favorite pizza chain ?

i have to go with papa johns
TheStateofMediocrity
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Private school is expensive. More news at 8.
BellCountyBear
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Baylor will come in at $60.5k next year. Those CFOs are cwazy smaht!
hodedofome
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Let me tell you which university my kids will not be going to. It'll be $100k by the time they are old enough to attend.
TinFoilHatPreacherBear
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Is TCU actually known for anything academically? Not a slam, exactly, just don't have any idea why someone would go there. And the few TCU people I've run into weren't exactly top tier so I can't really judge because I know that similar types can be found at BU and SMU as well. But all things being equal on a resume other than schooling, I'd hire BU, SMU, well before TCU.
Redbrickbear
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TinFoilHatPreacherBear said:

Is TCU actually known for anything academically? Not a slam, exactly...


No, they don't have any really well known programs.

But I will say that everyone I have know who went there is rich.

If you wanna have a play ranch and do real estate…TCU seems like the place to go
Quinton
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They weren't known period outside DFW before the last few decades of football success. This board plays up Tcu's name much more than anyone outside of the the very local region. Never grew up a fan of either and had heard of Bu. Had never heard of Tcu (lived in Tx some too) before Tomlinson (rb) played there.

All have mediocre wealthy kids to keep the money flowing, but Bu and Smu have better higher end students at their top tier.. better scholarship kids basically.

And Bu's median household income of the typical student is actually right at UT's and A&M's (110ks/120ks). Tcu's is much higher ($150k or so I think) and then SMUs is I believe 200k +. Contrary to what this board and other dorks in our admin say, its a very different makeup outside of the legacy/wealthy kids Bu brings in to pay near full price. They have less of them now.
Johnny Bear
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As long as there are massive amounts of easy money flowing in the form of government student loans (that apparently don't even have to be paid back any more) universities - private and public - will continue to raise tuition & fees to ever increasing insane levels.
JP1037
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TinFoilHatPreacherBear said:

Is TCU actually known for anything academically? Not a slam, exactly, just don't have any idea why someone would go there. And the few TCU people I've run into weren't exactly top tier so I can't really judge because I know that similar types can be found at BU and SMU as well. But all things being equal on a resume other than schooling, I'd hire BU, SMU, well before TCU.
Rich kid party frat school.

Baylor is not in a great position to throw stones at TCU for this but at least we are uniquely faith-based and have more legit academics.
ron.reagan
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Imagine paying $30K for a semester of US History 1, British Literature , Intro to Psychology, and Survey of New Testament.

Is it a higher quality of history than $200 at a community college? What about during the summer when they are sometimes the same teacher?

US higher education has become a joke.
Doc Holliday
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Universities have massive endowments and they're charging insane prices that in most cases don't yield a return to beat loan interests.

They want taxpayers to pay for this issue…but we should seize the endowments instead.
BUrbon
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Wake Forest is 90k
We have a friend that has a volleyball player and she's been told she must get degree in4 years as they won't be able to help if she lacks hours.
Understood
ScottS
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Mine at BU was $4500 per year
PartyBear
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JP1037 said:

TinFoilHatPreacherBear said:

Is TCU actually known for anything academically? Not a slam, exactly, just don't have any idea why someone would go there. And the few TCU people I've run into weren't exactly top tier so I can't really judge because I know that similar types can be found at BU and SMU as well. But all things being equal on a resume other than schooling, I'd hire BU, SMU, well before TCU.
Rich kid party frat school.

Baylor is not in a great position to throw stones at TCU for this but at least we are uniquely faith-based and have more legit academics.
Who wants to pay nearly as much so that Chapel is required? The legit academics perhaps. I know Baylor has been working on that. However I frankly have a hard time arguing that even Baylor currently is worth the sticker price.
BellCountyBear
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I wonder what percentage of folks actually pay the sticker price at any private school? I know I didn't for either one of my kids to attend Baylor.
Daveisabovereproach
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PartyBear said:

JP1037 said:

TinFoilHatPreacherBear said:

Is TCU actually known for anything academically? Not a slam, exactly, just don't have any idea why someone would go there. And the few TCU people I've run into weren't exactly top tier so I can't really judge because I know that similar types can be found at BU and SMU as well. But all things being equal on a resume other than schooling, I'd hire BU, SMU, well before TCU.
Rich kid party frat school.

Baylor is not in a great position to throw stones at TCU for this but at least we are uniquely faith-based and have more legit academics.
Who wants to pay nearly as much so that Chapel is required? The legit academics perhaps. I know Baylor has been working on that. However I frankly have a hard time arguing that even Baylor currently is worth the sticker price.


There are three or four programs at Baylor that are well-known and respected in the corporate world. The accounting and premed programs come to mind. There are probably a couple others that I am not aware of. Outside of that, Baylor really is not worth the sticker price. One of the reasons we have fallen in the US news rankings is because return on investment began to be considered in the rankings as well as inclusiveness or something like that.
Daveisabovereproach
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ron.reagan said:

Imagine paying $30K for a semester of US History 1, British Literature , Intro to Psychology, and Survey of New Testament.

Is it a higher quality of history than $200 at a community college? What about during the summer when they are sometimes the same teacher?

US higher education has become a joke.


Exactly. It's not like the professor is coming to your dorm and giving you private instructions either. You're probably going to use the same textbook as the community college and be told "read chapters 3 and 4 this week", etc. besides that, ask just about anyone who is involved in hiring if new college graduates are prepared for whatever industry they are going into. You'll get some eye opening responses

Krieg
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No Quarterback said:

PartyBear said:

JP1037 said:

TinFoilHatPreacherBear said:

Is TCU actually known for anything academically? Not a slam, exactly, just don't have any idea why someone would go there. And the few TCU people I've run into weren't exactly top tier so I can't really judge because I know that similar types can be found at BU and SMU as well. But all things being equal on a resume other than schooling, I'd hire BU, SMU, well before TCU.
Rich kid party frat school.

Baylor is not in a great position to throw stones at TCU for this but at least we are uniquely faith-based and have more legit academics.
Who wants to pay nearly as much so that Chapel is required? The legit academics perhaps. I know Baylor has been working on that. However I frankly have a hard time arguing that even Baylor currently is worth the sticker price.


There are three or four programs at Baylor that are well-known and respected in the corporate world. The accounting and premed programs come to mind. There are probably a couple others that I am not aware of. Outside of that, Baylor really is not worth the sticker price. One of the reasons we have fallen in the US news rankings is because return on investment began to be considered in the rankings as well as inclusiveness or something like that.


They also removed class size as a factor and added in a bunch of things like the amount of first generation college students attending. They removed one of the most important factors in your education and added in and heavily weighted one that doesn't matter at all.

They destroyed their own system.
Quinton
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Doc Holliday said:

Universities have massive endowments and they're charging insane prices that in most cases don't yield a return to beat loan interests.

They want taxpayers to pay for this issue…but we should seize the endowments instead.
This will probably happen at the State institution level. Most endowments are simply glorified hedge funds at this point. Would guess they will be forced to substantially subsidize costs over and above in the next decade.
tmcats
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mind blowing that anyone would pay that much money for college, anywhere. it costs $10,000 to attend purdue, cal poly, and k-state. you can't sell me that going to tcu gives anyone an advantage over any other quality university. that's just absurd. they do it because they can. a clubby thing. look at me.
GoodOleBaylorLine
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BellCountyBear said:

I wonder what percentage of folks actually pay the sticker price at any private school? I know I didn't for either one of my kids to attend Baylor.

This is the correct question. Most kids don't pay sticker price. The normal set up outside of elite schools is like 10% pay nothing (schollie kids); 70% pay something ranging from 25% to 75% of sticker; and 20% pay sticker (rich kids that.probably wouldn't otherwise get it). Colleges use their scholarship money mostly to compete pricewise with other schools. Going through this with my son right now.

By the way, Malcolm Gladwell has a great podcast about how ridiculous it is that US colleges have huge endowments and still charge kids so much to attend, and that much of the cost is basically for better food and fun stuff to do at the college. We literally did not look at the single college (and we looked at a lot) that did not have an awesome and fairly new student center (and all had an indoor climbing wall).
GoodOleBaylorLine
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tmcats said:

mind blowing that anyone would pay that much money for college, anywhere. it costs $10,000 to attend purdue, cal poly, and k-state. you can't sell me that going to tcu gives anyone an advantage over any other quality university. that's just absurd. they do it because they can. a clubby thing. look at me.
It costs that much if you live in state. The problem we have in Texas is the schools that are worth a **** are huge and really don't care if you are there or not. In fact, UT aggressively tries to get rid of kids because of the top 6% rule. If your kid won't succeed in a large impersonal environment, you're out of luck on the public school front.
Aberzombie1892
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BellCountyBear said:

I wonder what percentage of folks actually pay the sticker price at any private school? I know I didn't for either one of my kids to attend Baylor.


The answer is that it's extremely nuanced.

For example, wealthiest and highest profile schools (i.e. Ivy League and similar schools) do not give "merit" based aid and only provide "need" based aid that is determined based on the family income of the student. This results in wealthy students paying near full or full price, while average and poorer students are subsidized, although, to be fair, more wealthy than non wealthy students attend this schools. Many institutions that are committed to average and below family ties have publicly announced income cutoffs that insure no loans if a family has income below that cutoff.

In contrast, the tier under the wealthiest tier do not meet 100% of need for average and poorer students but they do heavily subsidize wealthy students in exchange for buying test scores/goals/applications. For example, a student could get into Duke but have to pay full price because of family income but they could go to WashU with a 50% merit based scholarship. In that scenario, WashU would have positioned itself as a safety school for the Duke applicant, but WashU would buy itself into the mix with its large merit scholarship.

The short answer is: wealthy families pay full price at elite schools but are heavily subsidized at the tier under that. Non-wealthy families should focus on schools that have cutoffs that guarantee no loans if a family income is below that marker.
ron.reagan
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No Quarterback said:

PartyBear said:

JP1037 said:

TinFoilHatPreacherBear said:

Is TCU actually known for anything academically? Not a slam, exactly, just don't have any idea why someone would go there. And the few TCU people I've run into weren't exactly top tier so I can't really judge because I know that similar types can be found at BU and SMU as well. But all things being equal on a resume other than schooling, I'd hire BU, SMU, well before TCU.
Rich kid party frat school.

Baylor is not in a great position to throw stones at TCU for this but at least we are uniquely faith-based and have more legit academics.
Who wants to pay nearly as much so that Chapel is required? The legit academics perhaps. I know Baylor has been working on that. However I frankly have a hard time arguing that even Baylor currently is worth the sticker price.


There are three or four programs at Baylor that are well-known and respected in the corporate world. The accounting and premed programs come to mind. There are probably a couple others that I am not aware of. Outside of that, Baylor really is not worth the sticker price. One of the reasons we have fallen in the US news rankings is because return on investment began to be considered in the rankings as well as inclusiveness or something like that.
Account makes sense. Premed is a counter argument though.

All my friends had to spend their own time studying for the MCAT. These days you have enough science coming out of high school to allow you to study for this test with the exception of organic chemistry. I got an A in premed physics and biology classes I took and didn't have to study that hard while my friends were in the library every night studying for the MCAT. This was 20 years ago so things might have changed.

BTW, after a bioinformatics degree my 2nd hardest class was Calc 2 at a junior college (party because it was just a month longer summer class). The prof was a retired aggie professor as well.

BaylorGrad&Dad
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ScottS said:

Mine at BU was $4500 per year
My first semester was $30/hour, but 4 years later I had to pay $65/hour. Even at $65, 2 full semester was about $1,950. I seem to recall that the local university where I grew up was $2/hour. We felt that at $30, we were being raped.
JP1037
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No Quarterback said:

PartyBear said:

JP1037 said:

TinFoilHatPreacherBear said:

Is TCU actually known for anything academically? Not a slam, exactly, just don't have any idea why someone would go there. And the few TCU people I've run into weren't exactly top tier so I can't really judge because I know that similar types can be found at BU and SMU as well. But all things being equal on a resume other than schooling, I'd hire BU, SMU, well before TCU.
Rich kid party frat school.

Baylor is not in a great position to throw stones at TCU for this but at least we are uniquely faith-based and have more legit academics.
Who wants to pay nearly as much so that Chapel is required? The legit academics perhaps. I know Baylor has been working on that. However I frankly have a hard time arguing that even Baylor currently is worth the sticker price.


There are three or four programs at Baylor that are well-known and respected in the corporate world. The accounting and premed programs come to mind. There are probably a couple others that I am not aware of. Outside of that, Baylor really is not worth the sticker price. One of the reasons we have fallen in the US news rankings is because return on investment began to be considered in the rankings as well as inclusiveness or something like that.


It's much more than Chapel. Christian professors. High percentage of Christian classmates. Too many of my friends send their kids to state liberal schools and those kids go off the rails.

It's not important to everyone but it is for us.
BearFan33
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That's too much money (same for BU).
TinFoilHatPreacherBear
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Krieg said:

No Quarterback said:

PartyBear said:

JP1037 said:

TinFoilHatPreacherBear said:

Is TCU actually known for anything academically? Not a slam, exactly, just don't have any idea why someone would go there. And the few TCU people I've run into weren't exactly top tier so I can't really judge because I know that similar types can be found at BU and SMU as well. But all things being equal on a resume other than schooling, I'd hire BU, SMU, well before TCU.
Rich kid party frat school.

Baylor is not in a great position to throw stones at TCU for this but at least we are uniquely faith-based and have more legit academics.
Who wants to pay nearly as much so that Chapel is required? The legit academics perhaps. I know Baylor has been working on that. However I frankly have a hard time arguing that even Baylor currently is worth the sticker price.


There are three or four programs at Baylor that are well-known and respected in the corporate world. The accounting and premed programs come to mind. There are probably a couple others that I am not aware of. Outside of that, Baylor really is not worth the sticker price. One of the reasons we have fallen in the US news rankings is because return on investment began to be considered in the rankings as well as inclusiveness or something like that.


They also removed class size as a factor and added in a bunch of things like the amount of first generation college students attending. They removed one of the most important factors in your education and added in and heavily weighted one that doesn't matter at all.

They destroyed their own system.


Likely to keep large state schools rankings high and push smaller private schools down a bit. Gotta reward/incentivize letting international/1st gen students in . Who cares about class size, why let something that actually matters influence these rankings.
hodedofome
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ron.reagan said:

Imagine paying $30K for a semester of US History 1, British Literature , Intro to Psychology, and Survey of New Testament.

Is it a higher quality of history than $200 at a community college? What about during the summer when they are sometimes the same teacher?

US higher education has become a joke.


MCC is $3k a year for county residents just for tuition. A state school in Texas will be $25k/yr easy. TX State is $30k/yr all in.

Just too much money and not realistic for most people.
morethanhecouldbear
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Government assistance (pell grants, low interest loans) were set up to give more kids access to college - and in that way it succeeded.

Unfortunately, schools have raised tuition to astronomical levels over the past 16 years and there is nothing in the market to check those increases. More government aid and funding is not the answer, either.

I told my wife the kids are going to have to get some substantial scholarships, or they will need to go to a community college for a couple years and transfer in as a Junior. That alone will save between $60k and $120k, depending on where you transfer to.
Krieg
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morethanhecouldbear said:

Government assistance (pell grants, low interest loans) were set up to give more kids access to college - and in that way it succeeded.

Unfortunately, schools have raised tuition to astronomical levels over the past 16 years and there is nothing in the market to check those increases. More government aid and funding is not the answer, either.

I told my wife the kids are going to have to get some substantial scholarships, or they will need to go to a community college for a couple years and transfer in as a Junior. That alone will save between $60k and $120k, depending on where you transfer to.


The real problem was when Obama guaranteed all the loans. They could now charge $1 million in tuition and a bank would loan you government-guaranteed money to pay it all. There's no risk to the lender, so why not?
Dia del DougO
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Actually, I think depending on the major and course load, it runs from 58k to 61k.
Aberzombie1892
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Krieg said:

morethanhecouldbear said:

Government assistance (pell grants, low interest loans) were set up to give more kids access to college - and in that way it succeeded.

Unfortunately, schools have raised tuition to astronomical levels over the past 16 years and there is nothing in the market to check those increases. More government aid and funding is not the answer, either.

I told my wife the kids are going to have to get some substantial scholarships, or they will need to go to a community college for a couple years and transfer in as a Junior. That alone will save between $60k and $120k, depending on where you transfer to.


The real problem was when Obama guaranteed all the loans. They could now charge $1 million in tuition and a bank would loan you government-guaranteed money to pay it all. There's no risk to the lender, so why not?


Wait are you saying that you believe that Obama started the student loan program? If so, have you done any research into this topic at all?
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