Oso planning to go pro
Do the math.Marquette tuition and fees are about $36,000 per year. If you get a $12,000 Ignatius scholarship (relatively common) and graduate in 4 years, that's a net cost for your degree of $98,000.If you are a science, engineering, or business major at U of I, in-state tuition and fees are about $20,500. Multiply that by 5 years and that is a net cost of $102,500. Add the opportunity cost of not having a full-time professional job that fifth year and you are approaching $150,000.Room and board costs are similar between the two institutions, FWIW.As far as your second point, I was talking about freshman enrollment, not graduate school. Kids are coming from China and are taking up undergrad business and engineering spots. In the past decade, U of I undergrad enrollment has gone from 90% in-state residents to a little over 70%.
The math: University of Wisconsin is roughly $10,000 per year in tuition. I'll trust your Marquette numbers and say they're $36,000. So, I underestimated the ratio of a year at Marquette versus a year at Madison. It's 3.6, not 3.0.4 years at Marquette - 144,0005 years at Wisconsin - 50,000Where, exactly, is the cost savings?I'm not interested in your situation in Illinois, but it sounds like another example of a state with out of control finances. Good luck to you with that.
Is this apples to apples though? If a kid is getting a scholarship at MU, isn't that kid likely to receive some sort of scholarship at UofI?
If this continues, many smart people will go to an in-state school. It is inevitable.
Who are these mythical thin drunk MU chicks you speak of?
And thanks to my Jesuit education, I can make a salient point without resorting to being a rude a$$hole.
This hasn't been a problem yet, for the university. Applications are at an all-time high.It seems like there's a lot of noise being created around a "problem" that may not exist quite yet for Marquette.
TAMUI do know, Newsie is right on you knowing ball.
On behalf of all the "thin drunk MU chicks"...they'd like to know where all the in-shape, stylish sober MU dudes are.
This is true. However, this will be a problem for Marquette in the next 5-15 years.The current model for federal student loans is basically a blank check written to anyone who wants to get a college education. It is a very noble model. I love that our government believes in access to college education for all people. However, it is not a financially sustainable system. Student loan debt in the united states is in to the trillions of dollars. Students are defaulting on their loans at the highest rate ever. As the government gets futher and further into debt, eventually the questions of student loan debt will have to be solved.I believe (as do experts in the field) that eventually the federal government will reform the student loan application process. No longer will everyone be guaranteed the loan money required to get an expensive private school education. The government will take into account the likelihood of applicant's ability to pay back their loans. You want tens of thousands of dollars to be a women's studies major at Alverno? Sorry, no loan for you. Go to UW-Parkside. You want tens of thousands to be an english major at Marquette? Sorry, you don't qualify. Go to UW-Milwaukee or UW-Whitewater.I agree with Chicos and others when they say that having a top tier education will convince the best and the brightest to fork over the money. But that is only for those who can afford it. Students from lower socio-economic statuses will literally be unable to come up with enough money to go to school at Marquette. The original mission of our university is urban education. How are we fulfilling that mission if only the richest of society can afford our education?So how do we offer a top 80 education while fulfilling our mission of educating those who cannot afford an education on their own? I have ideas, but none of them are perfect. We could model ourselves after the state schools and cut liberal arts degrees. They are lower money makers and students in those majors have a lower ROI. We could model ourselves after the Ivies and offer a graduated tuition rate based on parent's income levels. We could model ourselves after some community colleges that partner with businesses to offer scholarships to lower socio-economic students in exchange for working at the businesses.All I know is, changes is coming. I hope Marquette is ready to be proactive rather than reactive. I think over the next 50 years we will see hundreds of universities and colleges going out of business, most of them small privates. As a more prestigious private school, this could be an opportunity for us. We could absorb a lot of those displaced students who would have gone to other small privates. But only if we are prepared.
The math: University of Wisconsin is roughly $10,000 per year in tuition. I'll trust your Marquette numbers and say they're $36,000. So, I underestimated the ratio of a year at Marquette versus a year at Madison. It's 3.6, not 3.0.4 years at Marquette - 144,0005 years at Wisconsin - 50,000Where, exactly, is the cost savings?
Nah, your "do the math" comment suggests you can't. I gave you the math. Deal with it.Besides, this whole "sticker price" thing is a joke. Let's say a student gets an Ignatius scholarship. Wow, it's now $24,000 in tuition versus $10,000! What a bargain!
My daughter is in her sophomore year of college. She decided on her major during high school and we went college shopping based on her intended major. (Occupational Therapy). There is one major Midwest Catholic university that offers it. Xavier. She applied to and was accepted there. They immediately offered her $17k off of their $40k tuition/room-board rate. She opted to go to a directional MAC school that had gave her a $4500 merit based scholarship and nothing else. My wife and I pledged to continue paying what he had paid per year to put her through Catholic schools. Because of the state school being less than half of what Xavier cost to begin with, she will need no loans until her 4th year, when she starts working on her masters while simultaneously finishing her bachelors. She will likely leave college with only a Ford Focus worth of debt, instead of a BMW 3 series worth. After 12 years of catholic school, she chose the state school based on her own cost-benefit analysis. A cautionary tale for MU.
On behalf of all the "thin drunk MU chicks"...they'd like to know where all the in-shape, stylish MU dudes are.
Looking at Miami in OhioNo Merit-Based Cash:Miami - $57,000 ($14,250 x 4 years)Marquette - $144,000With 3.5 GPA and 32+ on the ACT:Miami - $28,500 ($7,125 x 4 years)Marquette - ????I'm hopeful that some schools will offer my son a good merit-based program. As I mentioned in another post, I'd be surprised if it brings the cost down low enough to be competitive with Miami on that basis.
Assuming your GPA includes the 'extra' point for AP/Honors classes (truly a 5 pt scale), I'd estimate a MU scholly at $10-$12K range per year assuming all the nice resume items. By way of comparison, Butler's scholly for that might be $15K. We typically lag the competition and that's an issue related to the endowment.
Thanks for the information. We're really in the dark on this and don't know what to expect. We only know Miami's 3.5/32 standard because it's explicitly presented on their website and in presentations they do. As long as a student meets that, they're guaranteed at least 50% tuition reduction. They claim that further money is available based only on the rigor of the HS program, not better scores (e.g., 4.5/36). I find that surprising. I'm not sure what they consider rigorous. Would four AP be rigorous? 6? IB? Just not sure what to expect.
Chick compared Business/Engineering majors. At UW, tuition and fees for Business is $12,547 and Engineering is $12,947.https://registrar.wisc.edu/tuition_&_fees.htmAt MU, tuition and fees for Business/Engineering majors is $35,930 for up to 19 credits.http://www.marquette.edu/mucentral/bursar/2014-15tuitionandhousingfees.shtmlPlus, she mentioned the greater availability of scholarships/aid. A $12,000/year St. Ignatius scholarship at MU would be common for a kid choosing between MU and UW. So for Business/Engineering it would be $23,930 with the scholarship.4 years at MU = $95,7205 years at UW = $64,735 (Engineering)5 years at UW = $62,735 (Business)Include a first year salary of $50,000+ and the MU grad comes out ahead after 5 years.
Excellent point. Same thing happening at Cal-Berkeley.
In addition to the Chinese students, the new big thing is recruiting from Saudi Arabia, the government is strongly advocating for increased science education and will pay full tuition for their students.