My alma mater, a private midwest college with a strong arts program, recently announced that it is raising tuition to $30k a year. While this is quite high, other private schools in the area also announced tuition hikes… The University of Chicago raised tuition to 4% to $55,416 for 2011-2012 and beyond.
At least the students at The University of Chicago have high odds to earn back their extremely high tuition fee… but what about the others of us who are not Ivy League material? Is it worth it to pay $100k – $250k for a college degree?
We were raised to think YES, but some are now arguing the opposite. In The Atlantic, Professor X returns to further on his original controversial article “In the Basement of the Ivory Tower: University education for everyone is a destructive myth.” Professor X is a professor at a “college of last resort,” he calls it. In 2008, he wrote:
“I wonder, sometimes, at the conclusion of a course, when I fail nine out of 15 students, whether the college will send me a note either (1) informing me of a serious bottleneck in the march toward commencement and demanding that I pass more students, or (2) commending me on my fiscal ingenuity—my high failure rate forces students to pay for classes two or three times over.
What actually happens is that nothing happens. I feel no pressure from the colleges in either direction. My department chairpersons, on those rare occasions when I see them, are friendly, even warm. They don’t mention all those students who have failed my courses, and I don’t bring them up. There seems, as is often the case in colleges, to be a huge gulf between academia and reality. No one is thinking about the larger implications, let alone the morality, of admitting so many students to classes they cannot possibly pass.”