Up, Up, and AWAY!!!

Inquiring minds are looking at two different posts a law professor at the University of Cinncinatti, Paul L. Caron, has written in regards to the cost of higher education. In the first, the good professor gives a telling statistic…how many colleges are charging at least 50k per year:

100 Colleges Charge $50k/Year — Up from 58 in 2009-10 and 5 in 2008-09
Chronicle of Higher Education, A Public University Joins the Expanding 50K Club of College Prices, by Jeffrey Brainard:
The ranks of the most expensive colleges have grown again: 100 institutions are charging $50,000 or more for tuition, fees, room, and board in 2010-11, according to a Chronicle analysis of data released last week by the College Board. That’s well above the 58 universities and colleges that charged that much in 2009-10, and a major jump from the year before, when only five colleges were priced over $50,000.

This year marks a milestone as the first public institution has joined that elite club: the University of California at Berkeley is charging out-of-state residents $50,649 for tuition, fees, room, and board. (The price for in-state residents is only $27,770.)

All of the other 99 colleges charging $50,000 or more are private. They made up 9% of the 1,058 private institutions reporting any amount for tuition, fees, room, and board.

And then, two weeks later, Mr. Caron gave the world a whole new picture of the term…”limousine liberal”:

30 College Presidents Made $1 Million in 2008
Following up on my previous post, 100 Colleges Charge $50k/Year — Up from 58 in 2009-10 and 5 in 2008-09: 30 college presidents earned more than $1 million in compensation in 2008 (up from 23 in 2007), topped by Touro President Bernard Lander’s $4,786,830 compensation.

Does anybody think that higher education subsidies will be on the chopping block with the new congress?


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