October 28, 2011

123 College Tuitions Over 50k per year

CNNMoney finding more college tuitions are over $50K per year.

The number of colleges and universities with tuition and fees totaling more than $50,000 for a single year rose to 123 for the 2011-2012 year -- up from 100 institutions in the previous year.
Sarah Lawrence is the most expensive college with tuition of $60K per year. The top ten most expensive colleges are listed at the Money link above.

These educational institutions are being run like businesses. For the universities, the revenue per student (customer) is $200K over the four years. And, they go all out to keep this revenue flowing and their customer pipelines full. Imparting knowledge becomes a secondary goal.

Higher education is broken. It needs a major disruption like what is being put into action by Sebastian Thrun at Stanford.