Why is it possible for the direct cost (tuition) of attending college to vary? ?
- MSLv 72 months ago
Different colleges/universities have different expenses, so they charge differently to cover those costs. Most colleges and universities are not earning a profit (the ones that do are sketchy) - the money they bring in covers the cost of their salaries, facilities, utilities, scholarship funds, building funds, maintenance, research funding, etc. Private schools generally cost more because they don't receive any subsidies from the state government. Public schools cost less for in-state students because their (or their parents') taxes have been helping to support that school. Prestigious schools often recruit prestigious faculty, so their salaries might be higher. Large campuses have more basic upkeep expenses, so they might need more funding for that. There are so many factors that determine the tuition that a school charges.
- GypsyfishLv 72 months ago
Because the costs vary. One example- there's terrific competition for faculty in many fields, with those who did the best in graduate school and had the most applications getting offers from multiple universities. THose who pay more get the more qualified faculty. And in case you don't think that benefits students, letters of recommendations from those people count a lot more in getting the best jobs. Then, do you want to go to a university with gothic architecture, older dorms that require more maintenance, and beautifully manicured grounds? Many students do. That requires more upkeep than your modern state university with the ugly buildings. States vary in how much they fund state universities, too, with Republican-controlled states giving a lot less to educational facilities.
- Mr. SmartypantsLv 72 months ago
Because colleges vary! How expensive is it to maintain their facilities? How much do they pay their teaching staff? Is this a for-profit or not-for-profit institution?
All things being equal, private colleges would aim at various different final costs, and you'd buy as high as you could afford. Of course all things are not equal. Never were.
My state has two college systems, the University of California and the California State University. Back in the day when I went, when they were both 'free', UC spent about 3 times as much per student as CSU! If they were for-profit institutions, tuition at UC would be a lot more expensive!