[quote=FlyerInHi]The education bubble won’t bust anytime soon.
Universities are like independent governments and they will find sources of revenue. In a global economy there will be customers willing to pay. The big reputable schools can draw from students from around the world.
Plus compared to other states, california is still a bargain[/quote]
All true, FIH. I visited a few websites of both well-known private and public universities, all out of state. Most have current endowments (periodic and promised) of Billions of dollars (most of which is likely used to offer scholarships) – I saw between $2 and $9 billion and I only looked at about a dozen institutions. It’s astounding!!
It makes a ~$70M annual bequest from ONE donor for a CSU campus look puny by comparison.
Compared to a large public university, I think a private (Ivy?) student likely gets far more individual attention for the higher tuition and fees they are charged. That translates into higher rates of student success by catching the student in a net before they fail a class and having a much lower student-to-teacher and student-to-advisor ratio … among other perks and amenities.
You pay for what you get in this life. If you can afford it and your kid can get in, why not?
