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Old 11-30-2011, 05:08 PM
 
Location: Eastern Kentucky Proud
775 posts, read 1,060,170 times
Reputation: 665

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Wow...this one has caught on like wildfire. I haven't read all of the comments but, I sure would like to buy some people for what they are worth and sell them for what they THINK they are worth...better than the lottery.

Carry on.

 
Old 11-30-2011, 05:52 PM
 
Location: Midwest
506 posts, read 1,003,846 times
Reputation: 330
Quote:
Originally Posted by golfgal View Post
I think you will find that your information about Princeton is not correct....look at their website, low income families pay ZERO to attend.
Net price includes all published expenses: books, supplies, personal items, etc. Most institutions intentionally overstate these expenses, figuring that it is best for families to budget with some room to spare.

The <$5k total net price for the poorest students at Princeton reflects this. You are correct that tuition, room, and board are generally covered by financial aid.
 
Old 11-30-2011, 06:00 PM
 
24,511 posts, read 32,990,037 times
Reputation: 12745
Quote:
Originally Posted by rock_chalk View Post
Net price includes all published expenses: books, supplies, personal items, etc. Most institutions intentionally overstate these expenses, figuring that it is best for families to budget with some room to spare.

The <$5k total net price for the poorest students at Princeton reflects this. You are correct that tuition, room, and board are generally covered by financial aid.
The total net price of $5k applies to families with a household income of $80,000. Not a lot of money, but certainly not the poorest.
 
Old 11-30-2011, 06:09 PM
 
5,342 posts, read 7,847,563 times
Reputation: 6991
Quote:
Originally Posted by NJBest View Post
I guess my statement went a little too far. Tenure allows for higher quality professors than non-tenured professors. However, not all tenured professors are higher quality (although, it can very subjective).

It's in the best interest of the student to review the work and publishings of a professor before attending their classes.

More someone better at paying the political game!

Other than that:
It depends on the subject.

Something like History, Perhaps.

Something which changes... Those who are enshrined in the Halls of Academia with no connection to what is going on in the 'real world' will know less than a part time professor who is active in Homeland Security, Legal issues in Emergency Management etc...
 
Old 11-30-2011, 06:11 PM
 
Location: Midwest
506 posts, read 1,003,846 times
Reputation: 330
Quote:
Originally Posted by NJBest View Post
The total net price of $5k applies to families with a household income of $80,000. Not a lot of money, but certainly not the poorest.
Again, the cost listed on the Princeton aid website is for tuition + room/board. This is not the same as the total cost figure reported to the Department of Education and used to calculate net price. The latter includes a generous allowance for additional expenses.

Of course, a frugal student can avoid many of those expenses. But they can do that anywhere, so for comparisons these figures work pretty well.
 
Old 11-30-2011, 06:24 PM
 
24,511 posts, read 32,990,037 times
Reputation: 12745
Quote:
Originally Posted by Themanwithnoname View Post
More someone better at paying the political game!

Other than that:
It depends on the subject.

Something like History, Perhaps.

Something which changes... Those who are enshrined in the Halls of Academia with no connection to what is going on in the 'real world' will know less than a part time professor who is active in Homeland Security, Legal issues in Emergency Management etc...
Are you suggesting that a tenured quantum physics professor who spends all day and night in research in the field will know less than someone who works in the real world? An adjunct professor typically is only allowed to teach based on textbook and experience. Not on ongoing research. Which is the purpose of a tenured professor.

I was going to say that tenure doesn't really matter in something like history, however, I quickly realized that it does. We're constantly learning more about history, and there's a lot of debates over what happened in history. As a result, tenure status can play a role here as well.

There most likely are many tenured professors who don't deserve to be, however.

Last edited by NJBest; 11-30-2011 at 06:34 PM..
 
Old 11-30-2011, 06:28 PM
 
24,511 posts, read 32,990,037 times
Reputation: 12745
Quote:
Originally Posted by rock_chalk View Post
Again, the cost listed on the Princeton aid website is for tuition + room/board. This is not the same as the total cost figure reported to the Department of Education and used to calculate net price. The latter includes a generous allowance for additional expenses.

Of course, a frugal student can avoid many of those expenses. But they can do that anywhere, so for comparisons these figures work pretty well.
If you look at the actual numbers, it's easier:


Tuition $38,570
Room 6,880
Board 5,580
Books and Personal Expenses 3,500
Travel 300
-------
Total Estimated Student Budget $54,830

Parent's Contribution $4,300
Student's Expected Summer Savings 1,530
Student's Asset Contribution 0
-----
Total Estimated Family Contribution $5,830

Total Estimated Aid $49,000
 
Old 11-30-2011, 06:36 PM
 
Location: Midwest
506 posts, read 1,003,846 times
Reputation: 330
Quote:
Originally Posted by NJBest View Post
If you look at the actual numbers, it's easier:
Yes, they make a generous allowance for books and personal expenses in the total cost number. The latest net price data available on IPEDS is from 2009/10, but these figures are in the same ballpark (~$5k for <$30k income).
 
Old 11-30-2011, 06:40 PM
 
20,793 posts, read 51,017,353 times
Reputation: 10438
Quote:
Originally Posted by NJBest View Post
If you look at the actual numbers, it's easier:


Tuition $38,570
Room 6,880
Board 5,580
Books and Personal Expenses 3,500
Travel 300
-------
Total Estimated Student Budget $54,830

Parent's Contribution $4,300
Student's Expected Summer Savings 1,530
Student's Asset Contribution 0
-----
Total Estimated Family Contribution $5,830

Total Estimated Aid $49,000
So, in real numbers, a kid can expect to pay about $1000 to go here....$3500 for books and personal expenses?? So, if a kid gets a minimum wage job, works 15 hours/week at that job, after summer earnings are taken out, that 15 hour/week job will pay for that $5800...
 
Old 11-30-2011, 06:51 PM
 
24,511 posts, read 32,990,037 times
Reputation: 12745
Quote:
Originally Posted by rock_chalk View Post
Yes, they make a generous allowance for books and personal expenses in the total cost number. The latest net price data available on IPEDS is from 2009/10, but these figures are in the same ballpark (~$5k for <$30k income).
Those numbers were using $80k income for a family of 4 that own their home. I was trying to estimate for the middle class. Obviously someone with a lower income will be able to go for less.
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