The College Bubble

jerseyshorejohnny

Well-known member
 http://www.thedailybeast.com/newsweek/2012/09/09/megan-mcardle-on-the-coming-burst-of-the-college-bubble.html?utm_medium=email&utm_source=newsletter&utm_campaign=in_newsweek&cid=newsletter%3Bemail%3Bin_newsweek&utm_term=Tina%20Brown%20List
 
According to The College Board the following are facts regarding St. John's:

15,766 total undergrads

2,763 degree-seeking freshmen

58% of St. John's frosh graduate within six years of enrolling at the school.

The average financial aid package given by St.John's to an undergrad meets 83% of the student's need and averages $25,847 per year.

The average indebtedness of a St.John's grad is $35,451.




  
 
 The article is ok, but it still doesn't examine where the bubble is nor where it will burst. Will kids stop going to college? Will prices be slashed? What is the post-bubble educational landscape like? I think that college is still a great value for focused parents and students who do the research to really get the st value out of their education or professional training.

College was a great value for me. I could still go to a P.A. School and get a phenomenal value. People just often don't explore all options. Like I said, most P.A. Degrees will cost big dollars now. One can still go to York College where I have friends on staff and the cost of Physician Assistant school at York is $1500 per semester. 3k per year for an education that will land you a starting salary in NY of somewhere near 90K per year? Pretty amazing value if you know where to look.

My brother-in-law went to St. Andrews in Scotland and got phenomenal value in his degree. Cost for U.S. citizens is equivalent to a SUNY school. My other B.I.L heading to a SUNY medical school for less than 30k per year which is very inexpensive as med schools go. Point is that great education can be had out there or diligent parents that aren't just worried about sending little Johnny to whichever school he feels like because it's cool.

I certainly agree that most colleges are extremely overpriced compared to the benefits or lack thereof that grads are getting from their education. Value still out there if you do the research.
 
 The article is ok, but it still doesn't examine where the bubble is nor where it will burst. Will kids stop going to college? Will prices be slashed? What is the post-bubble educational landscape like? I think that college is still a great value for focused parents and students who do the research to really get the st value out of their education or professional training.

College was a great value for me. I could still go to a P.A. School and get a phenomenal value. People just often don't explore all options. Like I said, most P.A. Degrees will cost big dollars now. One can still go to York College where I have friends on staff and the cost of Physician Assistant school at York is $1500 per semester. 3k per year for an education that will land you a starting salary in NY of somewhere near 90K per year? Pretty amazing value if you know where to look.
My brother-in-law went to St. Andrews in Scotland and got phenomenal value in his degree. Cost for U.S. citizens is equivalent to a SUNY school. My other B.I.L heading to a SUNY medical school for less than 30k per year which is very inexpensive as med schools go. Point is that great education can be had out there or diligent parents that aren't just worried about sending little Johnny to whichever school he feels like because it's cool.

I certainly agree that most colleges are extremely overpriced compared to the benefits or lack thereof that grads are getting from their education. Value still out there if you do the research.
 


Phenomenal bargain for a degree guaranteeing a job.

Nota bene all parents.
 
According to The College Board the following are facts regarding St. John's:

15,766 total undergrads

2,763 degree-seeking freshmen

58% of St. John's frosh graduate within six years of enrolling at the school.

The average financial aid package given by St.John's to an undergrad meets 83% of the student's need and averages $25,847 per year.

The average indebtedness of a St.John's grad is $35,451.




  
 

How does our graduating rate compare to other private institutions?

Also, I've been told that 95% of current sju students receive some financial aid. It cannot be possible, that 95% of students receive an average of nearly 26K per year in aid, can it?
 
All I know is this bubble is going to destroy people financilally because no one has prepared for it. A buddy of mine has his houses paid for entirely but has 3 kids with the 1st and quinippiac and she alone is going to cost over 200k and the others are right behind her. So he ernt from being debt free ( which is rare ) to he will have over 600k in debt when all is said and done, Staggering when you think of it 
 
Hello Mike,

As we all know, the biz model is broken.

IMO, the overwhelming majority of kids would be better off going to community college for 2 yrs. and then going to a state university. I think we all agree with this view.

In N.J., Rutgers gives young men and women the "best bang for their buck" with tuition at around $15K for in-state students.

Yes, I realize kids want to go away to school, but that money (IMO) would be better off being earmarked for grad/professional school. 

That said, know that one of the top priorities at St. John's is to increase grants and scholarships.
 
 Oh btw, one of the biggest reasons I'm moving to NC is that my kids will be likely pushed towards the state system ere which is very good ie. UNC Chapel Hill and others. Quinnipiac for 200k is absurd. I can't afford that nor would I try to. When the time comes in a decade and a half, we'll sit down and look at the best options for each kid, but for my family, the state system or even St. Andrews in Scotland and the like are places that will be focused on first.
 
 Oh btw, one of the biggest reasons I'm moving to NC is that my kids will be likely pushed towards the state system ere which is very good ie. UNC Chapel Hill and others. Quinnipiac for 200k is absurd. I can't afford that nor would I try to. When the time comes in a decade and a half, we'll sit down and look at the best options for each kid, but for my family, the state system or even St. Andrews in Scotland and the like are places that will be focused on first.
 

Correct me if I'm wrong, but isn't our SUNY system one of the best in the nation as well?
 
According to The College Board the following are facts regarding St. John's:


58% of St. John's frosh graduate within six years of enrolling at the school.


  
 

Our six year grad rate is 58%.

Villanova's 4 year graduation rate is 88%.

I wonder if Pell grant reciipients graduate at the same rate as the rest of SJU student population.
 
 Oh btw, one of the biggest reasons I'm moving to NC is that my kids will be likely pushed towards the state system ere which is very good ie. UNC Chapel Hill and others. Quinnipiac for 200k is absurd. I can't afford that nor would I try to. When the time comes in a decade and a half, we'll sit down and look at the best options for each kid, but for my family, the state system or even St. Andrews in Scotland and the like are places that will be focused on first.
 
Interesting that you say this. Last year, one of my co-workers transferred to Charlotte. One of the main reasons was the chance for his daughters to establish residency and attend a UNC school. Another interesting fact. North Carolina has a reciprocal arrangement with South Carolina. NC residents can attend USC (Columbia), or any other SC state school...and pay SC resident tuition. That...is a great deal.
 
 Oh btw, one of the biggest reasons I'm moving to NC is that my kids will be likely pushed towards the state system ere which is very good ie. UNC Chapel Hill and others. Quinnipiac for 200k is absurd. I can't afford that nor would I try to. When the time comes in a decade and a half, we'll sit down and look at the best options for each kid, but for my family, the state system or even St. Andrews in Scotland and the like are places that will be focused on first.
 
Interesting that you say this. Last year, one of my co-workers transferred to Charlotte. One of the main reasons was the chance for his daughters to establish residency and attend a UNC school. Another interesting fact. North Carolina has a reciprocal arrangement with South Carolina. NC residents can attend USC (Columbia), or any other SC state school...and pay SC resident tuition. That...is a great deal.
 

Not to burst your North Carolina bubble boys but after The University of North Carolina-Chapel Hill, the rest of the system is average, at best! SUNY schools are higher rated and no State system can touch California --- the best of them all.
So, if your kids graduate high school in North Carolina and do not get accepted to UNC-----good luck! It is not always about saving tuition costs. Some "quality" has to be offered.
A great state to retire though.
 
Hello Mike,

As we all know, the biz model is broken.

IMO, the overwhelming majority of kids would be better off going to community college for 2 yrs. and then going to a state university. I think we all agree with this view.

In N.J., Rutgers gives young men and women the "best bang for their buck" with tuition at around $15K for in-state students.

Yes, I realize kids want to go away to school, but that money (IMO) would be better off being earmarked for grad/professional school. 

That said, know that one of the top priorities at St. John's is to increase grants and scholarships.
 

JSJ quick question because you know St Johns so well in all the other areas. A close friend of mine has a daughter ( senior year I believe and we share the same birthday ) anyway she has decided she wants to go to St Johns which thrills everyone involved because both her parents went to St Johns and her mom is legacy St Johns with multiple family members. Her parents love the school and were hoping for this.

Ok long story short the girl is a great student. Really good I think. Right now they are beginning the whole process and how would they find out what scholarships are available-financial aid potentially to her or is there a person at the school that they would contact who can walk them thru the whole process ?
 
 Oh btw, one of the biggest reasons I'm moving to NC is that my kids will be likely pushed towards the state system ere which is very good ie. UNC Chapel Hill and others. Quinnipiac for 200k is absurd. I can't afford that nor would I try to. When the time comes in a decade and a half, we'll sit down and look at the best options for each kid, but for my family, the state system or even St. Andrews in Scotland and the like are places that will be focused on first.
 
Interesting that you say this. Last year, one of my co-workers transferred to Charlotte. One of the main reasons was the chance for his daughters to establish residency and attend a UNC school. Another interesting fact. North Carolina has a reciprocal arrangement with South Carolina. NC residents can attend USC (Columbia), or any other SC state school...and pay SC resident tuition. That...is a great deal.
 

Not to burst your North Carolina bubble boys but after The University of North Carolina-Chapel Hill, the rest of the system is average, at best! SUNY schools are higher rated and no State system can touch California --- the best of them all.
So, if your kids graduate high school in North Carolina and do not get accepted to UNC-----good luck! It is not always about saving tuition costs. Some "quality" has to be offered.
A great state to retire though.
 

The rest of the schools in the state offer "quality" as well. You must buy the magazines that tell you that SJU is a 12th tier school and càn offer you nothing. I'm not a believer in this at all. Undergrad education is the great ruse that people are leveraging themselves for. I have no problem sending my kids to NCSU or forbid UNC Asheville or UNC Charlotte. It all depends on your major. Don't believe the rest. I've gone to SUNy schools. Very mixed bag.
 
 Oh btw, one of the biggest reasons I'm moving to NC is that my kids will be likely pushed towards the state system ere which is very good ie. UNC Chapel Hill and others. Quinnipiac for 200k is absurd. I can't afford that nor would I try to. When the time comes in a decade and a half, we'll sit down and look at the best options for each kid, but for my family, the state system or even St. Andrews in Scotland and the like are places that will be focused on first.
 
Interesting that you say this. Last year, one of my co-workers transferred to Charlotte. One of the main reasons was the chance for his daughters to establish residency and attend a UNC school. Another interesting fact. North Carolina has a reciprocal arrangement with South Carolina. NC residents can attend USC (Columbia), or any other SC state school...and pay SC resident tuition. That...is a great deal.
 

Not to burst your North Carolina bubble boys but after The University of North Carolina-Chapel Hill, the rest of the system is average, at best! SUNY schools are higher rated and no State system can touch California --- the best of them all.
So, if your kids graduate high school in North Carolina and do not get accepted to UNC-----good luck! It is not always about saving tuition costs. Some "quality" has to be offered.
A great state to retire though.
 

The rest of the schools in the state offer "quality" as well. You must buy the magazines that tell you that SJU is a 12th tier school and càn offer you nothing. I'm not a believer in this at all. Undergrad education is the great ruse that people are leveraging themselves for. I have no problem sending my kids to NCSU or forbid UNC Asheville or UNC Charlotte. It all depends on your major. Don't believe the rest. I've gone to SUNy schools. Very mixed bag.
 

By the time your kid graduates St. John's will be a top 100 national university. If they are a very good student in the top 10% they can get a full ship to SJ and return to NYC! I am sure that will make you happy! LOL!
 
 Oh btw, one of the biggest reasons I'm moving to NC is that my kids will be likely pushed towards the state system ere which is very good ie. UNC Chapel Hill and others. Quinnipiac for 200k is absurd. I can't afford that nor would I try to. When the time comes in a decade and a half, we'll sit down and look at the best options for each kid, but for my family, the state system or even St. Andrews in Scotland and the like are places that will be focused on first.
 
Interesting that you say this. Last year, one of my co-workers transferred to Charlotte. One of the main reasons was the chance for his daughters to establish residency and attend a UNC school. Another interesting fact. North Carolina has a reciprocal arrangement with South Carolina. NC residents can attend USC (Columbia), or any other SC state school...and pay SC resident tuition. That...is a great deal.
 

Not to burst your North Carolina bubble boys but after The University of North Carolina-Chapel Hill, the rest of the system is average, at best! SUNY schools are higher rated and no State system can touch California --- the best of them all.
So, if your kids graduate high school in North Carolina and do not get accepted to UNC-----good luck! It is not always about saving tuition costs. Some "quality" has to be offered.
A great state to retire though.
 

The rest of the schools in the state offer "quality" as well. You must buy the magazines that tell you that SJU is a 12th tier school and càn offer you nothing. I'm not a believer in this at all. Undergrad education is the great ruse that people are leveraging themselves for. I have no problem sending my kids to NCSU or forbid UNC Asheville or UNC Charlotte. It all depends on your major. Don't believe the rest. I've gone to SUNy schools. Very mixed bag.
 

By the time your kid graduates St. John's will be a top 100 national university. If they are a very good student in the top 10% they can get a full ship to SJ and return to NYC! I am sure that will make you happy! LOL!
 

My sister went to SJU on full ship and ended up graduating first in her class in Accounting at Tobin. She could have gone to plenty of other places. It seems to have worked out well... ;)
 
 Oh btw, one of the biggest reasons I'm moving to NC is that my kids will be likely pushed towards the state system ere which is very good ie. UNC Chapel Hill and others. Quinnipiac for 200k is absurd. I can't afford that nor would I try to. When the time comes in a decade and a half, we'll sit down and look at the best options for each kid, but for my family, the state system or even St. Andrews in Scotland and the like are places that will be focused on first.
 
Interesting that you say this. Last year, one of my co-workers transferred to Charlotte. One of the main reasons was the chance for his daughters to establish residency and attend a UNC school. Another interesting fact. North Carolina has a reciprocal arrangement with South Carolina. NC residents can attend USC (Columbia), or any other SC state school...and pay SC resident tuition. That...is a great deal.
 

Not to burst your North Carolina bubble boys but after The University of North Carolina-Chapel Hill, the rest of the system is average, at best! SUNY schools are higher rated and no State system can touch California --- the best of them all.
So, if your kids graduate high school in North Carolina and do not get accepted to UNC-----good luck! It is not always about saving tuition costs. Some "quality" has to be offered.
A great state to retire though.
 

The rest of the schools in the state offer "quality" as well. You must buy the magazines that tell you that SJU is a 12th tier school and càn offer you nothing. I'm not a believer in this at all. Undergrad education is the great ruse that people are leveraging themselves for. I have no problem sending my kids to NCSU or forbid UNC Asheville or UNC Charlotte. It all depends on your major. Don't believe the rest. I've gone to SUNy schools. Very mixed bag.
 

By the time your kid graduates St. John's will be a top 100 national university. If they are a very good student in the top 10% they can get a full ship to SJ and return to NYC! I am sure that will make you happy! LOL!
 

My sister went to SJU on full ship and ended up graduating first in her class in Accounting at Tobin. She could have gone to plenty of other places. It seems to have worked out well... ;)
  judging by her appearance on that HGTV and the place she bought then yeah I think it's safe to say it worked out well for her :)
 
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