For the record, I’m not American nor live in the US, but I have a 19-year-old son who started attending the University of Chicago this year, studying economics. Just the tuition itself is $70k. My husband and I are lucky enough to be able to afford it - I still believe it’s an outrageous amount of money to attend college.
Yeah, in our country university is free if you get high enough grades in the end of high school exams and then if you maintain high enough grades throughout university. Even if you don’t the tuition is affordable for virtually everybody. Like the equivalent of ~$1k per year for most degrees with some exceptions like medicine. A kid could make that in a month working a summer job.
Then why didn’t you send your kid to school in your country?
I’m actually from Romania, and for medicine at the most popular school in the country for it here, you’d be paying 15000 lei, or $3143 per year for the 2024-2025 school year as a local. https://umfcd.ro/wp-content/uploads/2024/TAXE_SI_TARIFE_UNIVERSITARE/Taxe UMFCD 2024-2025.pdf As an international student studying in English you’d be paying 8500€ per year.
Cause the quality is not the best, he wanted to go to the US, and we can afford it. Plus the US offers many more opportunities.
Sounds like you answered your own question there. Tuition for foreign students is expensive because the ones who come here almost always have family that can pay for it. Like I said above, no American is spending $70k per year for undergrad studies. The smart ones are going to community colleges, which are becoming free in some capacity across most states, building up a GPA, and then transferring to a University off scholarships.
I spent 7 years in school without paying anything for tuition, everything was covered by scholarships. I’ve known many people with the same experience
That’s good. I’m glad there are ways for people to stay debt free or as debt free as possible. Since I always see student debt being a very big issue in the US in the news.
The biggest issues I think comes from the facts that A) there are a handful of very predatory schools with huge inter/national outreach programmes and B) highschool students are pressured into choosing their college path before graduating HS, when they’re still a kid.
The kids don’t know how to actually evaluate their options and end up picking the big, expensive schools just off brand recognition alone. Lots of people fell for this trap and graduated with degrees that weren’t very competitive to state degrees and cost 2-10x more.
I think the next 10 years are going to see students’ debt at graduation decrease as community college enrollment keeps going up and the stigma of “community college” education, which was a big deterrant for a long time, goes away.
My undergraduate tuition at a state public university is under 10k a year. I was severely injured in the military though, so the government pays my bill.
What you see in the news is the result of predatory practices and people not being able to use their degrees in a profitable way. There’s a lot of jokes about philosophy programs and art history degrees being a pipeline to working in fast food, because often the only way to use those degrees is to get more education (more loans) so you can teach the subject.
University of Chicago is a pretty prestigious school, too. Tuition-wise, it’s on par with Yale, Harvard, Stanford.
UIC is half of UofC. NIU and EIU are a quarter.
OP is asking why one of the most expensive universities in the country is expensive, and assuming that all universities in the US are that expensive.