One of our regular readers on HR Bartender has asked a question and I’d like to get your feedback:
My son has been accepted to an Ivy League college and nominated to be a Dean’s Scholar, a very honorable distinction which gives him the opportunity to meet very influential people and begin research projects with seniors during his freshman year, etc. The hesitation of course, is the cost of tuition. He received a grant for slightly over half (tuition is $60,000). I have to laugh because it is ludicrous to think that our household just has $29,000 each year to hand over to a college.
Mark Cuban wrote a thought-provoking piece over on LinkedIn titled “Is Your College Going Out of Business?” You can check it out here. I’ve always felt that the education – business partnership needed to be stronger, especially as we start to see more conversation about the skills gap. Prospective students today have lots of options. They want to know that what they’re spending (or parents are spending) on college will help them in their future careers.
While it might be difficult to specifically answer the reader’s question about the cost of attending an Ivy League college, it is possible for us to share if we thought the cost of college was valuable. Regardless of the school you attended, was the experience and the jobs you were able to land after graduation worth the debt? I’m sure there are graduates who will say vehemently, “Yes, worth every penny!” and others who will feel differently. So I put together a one question poll on the subject.
I hope you’ll take a moment and share your experience and thoughts about the college experience price tag. Thanks in advance for your participation – I’ll do a wrap up of the results in a future post.