Scholarship table
This is nuts, tuition has gone up approximately $10k/yr from when I started undergrad in 2005. Unbelievable.
Remember what's important is what the student (on average) pays. Not the list price.
Then they better be giving out scholarships at a rate increasing at least as fast as the tuition increases or else the list price increases will still be increasing the "what the student pays" rate.
I'm surprised they don't make a greater effort to publicize this, other than the "99% receive financial aid" tidbit.
You've posted this comment before. Do you really think that the price the student pays is not rising every year (significantly) as well?
I assume that all of y'all that are bitching about the cost of a Marquette education have donated generously to the endowment.
Does "financial aid" include federally backed (subsidized or unsubsidized) student loans? If so, that's not really aid but a potential anchor.
That's exactly what it means.
Unfortunately, actual cost has also gone up in a big way. A coworker's daughter just got accepted with a $10K Ignatius scholarship, which is exactly what I got when I was accepted in 2004.
I know there are a lot of factors in the tuition cost. (as sultan points out).But, I also know that tuition cannot just grow infinitely. If the demand for MU is insanely high (like if they had a waiting list 1 mile long), then go ahead and raise tuition and use it as a way to decrease some demand and raise some more capitol. Put more money in the endowment fund. But, if they are just cranking up the tuition every year, and in-turn, just upgrading facilities over and over again... well... that's going to be a problem eventually. You can have the best facilities in the world, but if nobody can afford to go there... the school is going to close. Obviously this is hyperbole, but you get the idea. There are a lot of schools playing a "keep up with the jones'" game... and I'm afraid of what will happen if/when the bottom falls out.
We'd love to, but we're still writing student loan checks every month....Want to play a fun game?We both received bachelor's degrees from Marquette. I have give nothing financially to MU besides my tuition. I'm sure you are very generous as a donor, and I mean that sincerely. But I'd still wager I've put more $$$ in MU's pockets than you have.... If I'm wrong, then good on you for donating over 6 figures to MU. But you would be an exception, not be a typical alum.MU can't honestly expect additional financial support from alumni they saddle with years of debt.And I am in no way complaining. My debt is managable, and I don't regret my decision to attend MU. But it does change my decision whether to donate or not.
I had student loans coming out of Marquette as well. And they were very stingy with the scholarships back then. The only person I know for a fact got a merit scholarship during my time there had a 35 on his ACT, and the amount of the scholarship was nothing to write home about.Here's what else I didn't have when I was at Marquette:A counseling centerA tutoring centerAn entire department of the Office of Residence Life devoted to helping students with private landlordsSSP vans (and drivers)A sophisticated, high tech security systemArmed safety officersAn entire department devoted to helping students with their computer issues (because we didn't have computers)An office of Mission and MinistryThese are just the things I came up with off the top of my head. And I am not even counting the dozen or so buildings that have either been built, purchased, or completely renovated in the last 25 years.I suppose if Marquette didn't have all these things, they wouldn't have to charge so much. But would anyone want to go there?