[QUOTE=r0b0tsquid;42271331]So the financial aid packages go to the students... who put a large amount of that money into tuition fees... so they want to raise money to give to students who then give most of it straight back to them? Is that how this works?[/QUOTE]
More or less yes...
I'd bet not all of that is going to scholarships but some of it will. The university "can't" lose money educating ppl or it risks shutting its doors. So they get donations, which are then awarded as scholarships- and that money goes back to the uni paying the students tuition.
[QUOTE=Trogdon;42270349]No I didn't know, how do I find this info?[/QUOTE]
You can usually find it under their accounting and finance department. We'll use my uni as an example,
on the main page [url="www.moreheadstate.edu"]Home Page.[/url].
Some universities may be a little hard to navigate, I tried looking for it on my old university's web page, but gave up after a few minutes. My current one was very easy to find.
Anyway, I just went up, and did a search for Finance, and one of the results was the [url="http://www2.moreheadstate.edu/abc/"]Accounting and Financial Services page[/url].
And on the little nav bar under the heading picture you see audit reports. This is the report you want to look for, because it has all of their financial statements, notes to the statements, as well as audit reports on internal control and compliance.
Try finding it on your university's web site. Depending on how tricky the site is to navigate, it could be easier or more difficult, but it has to be there, because this is public record (assuming it's a public institution).
It's always super interesting, to me anyway, to look at these reports, because it shows what the priority is for the school.
If you're interested, you can even look at similar reports for your own town/city, as CAFRs (Comprehensive Annual Financial Reports) are also public record. My town is in a state of decay. Not as bad as Detroit though I guess.
Jesus, how do US universities justify those prices? I'm currently paying £3,465 a year for a masters (the way it worked out stopped me being bumped up to £9,000 a year for my final one). An old housemate of mine from the first year was a US student who actually found his course challenging here compared to his home uni (somewhere in Arizona). To the point he stayed here to finish his course as it would actually mean something to him then.
because the impulse to go to university as an american is ingrained in you since a young age. you're essentially told you need to go to university to get a good job and be successful in life.
this ends up manifesting as everyone wanting to go to university, and universities over-charging their students.
why would someone not waste 100 grand if they think they can make that back with a university degree and a good job? the only issue is when everyone starts to do it..
[QUOTE=sloppy_joes;42272994]because the impulse to go to university as an american is ingrained in you since a young age. you're essentially told you need to go to university to get a good job and be successful in life.
this ends up manifesting as everyone wanting to go to university, and universities over-charging their students.[/QUOTE]
I can kinda see that mindset settling in over here at the moment too. Ever since the massive fuckup with the banks more employers seem to be looking for people with degrees and stuff rather than just A-levels. Even when the tuition fee bumped up to £9k it didn't seem to put people off because they seem to be seeing it as a requirement now.
you should go to uni in order to have at least a degree in case anything work related comes. people who think you don't need to go on after high school are fucking morons and i hope they enjoy working in the service industry making significantly less than a person with a degree for the rest of there lives.
[QUOTE=Kai-ryuu;42273080]you should go to uni in order to have at least a degree in case anything work related comes. people who think you don't need to go on after high school are fucking morons and i hope they enjoy working in the service industry making significantly less than a person with a degree for the rest of there lives.[/QUOTE]
Some people are happy with that, so, what's your point? If everyone had a degree and only demanded top end jobs, we'd be fucked. Robots can't do it all yet.
[QUOTE=Kai-ryuu;42273080]you should go to uni in order to have at least a degree in case anything work related comes. people who think you don't need to go on after high school are fucking morons and i hope they enjoy working in the service industry making significantly less than a person with a degree for the rest of there lives.[/QUOTE]
uhhh.
what?
[editline]22nd September 2013[/editline]
so you literally just bought into the bullshit that you need a degree to get a job?
[QUOTE=cqbcat;42270648]College is so expensive because of supply and demand. Lots of people want higher education, but there aren't enough facilities or professors to meet the demand. But what saddens me is that [I]instead of simply increasing the supply, the colleges just increased cost of tuition to astronomical levels[/I].[/QUOTE]
what's simple about increasing the supply?
PhDs don't appear from nowhere
The cost of school in the US is making me want to study in a different country altogether. I feel I'm not getting a good enough education, either.
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