4.02.2009

Student Costs in Higher Education

"How much does it cost to go to college?"  Too many of us have simply looked at the "tuition" dollar and assumed that was it.  Yet, those of us in school know this is only the beginning.  And the next question most of us ask is "where does our money go?"  So, here are some answers!

Costs in Higher Education:

  • Tuition (UMBC - $6484 in-state/$9500 state for in-state students/$15216 out of state) - This money is used to operate the university function.  This means most everything besides the student union, athletics, residential life, and dining services.  Out-of-state students see the real cost of tuition, while in-state students receive a hefty "supplement" from the state government that goes directly to the university.
  • Mandatory Fees (UMBC - $2296) - Everyone pays the same for this.  These fees help pay for non-primary functions, such as transportation, athletics, and student activities.  It also helps repay debt service for non-primary buildings on campus, such as the student union and other facilities.  
  • Room (UMBC - 5500 for a dorm room) - Room costs pay for residential life facility use and for programming.  Prices range on the availability of amenities like a kitchen, bathroom, etc.  Also, the status of a single room can also cost more.  Apartment style is usually the most expensive option.
  • Board (UMBC - 3460 full meal plan) - Means plans can cost a lot for students.  Students can purchase smaller plans, but here is the full cost of food if one chooses to eat on campus.
  • Lab Fees - Lab fees vary, but usually occur more in science and technology courses.  
  • Textbooks (Average $1000 per year) - Textbooks.  They cost a lot (although check out this policy  that I helped pass through the USM to lower the cost.)  Again, this cost depends on discipline.  Some courses can get away with more inexpensive options, while others cannot.  100 level courses often have the most burdensome selections with bundles and many supplemental materials.
  • other institutional costs ( a range) - This can include transcript fees, graduation fees, lost books, parking tickets, student event tickets, etc.
  • Total cost - for an out-of-state student, costs reach close to $35,000.  For in-state students, they reach about $20,000.

So there's the breakdown.  It's a lot of money, but the pot is sectioned off for sure.  Thoughts on cost?

No comments: