Saturday, June 7, 2014

Does Harvard Cost More Because It's Better?

VE RI TAS is Latin for gimme money.
          According to the Times Higher Education World University Rankings for 2013 - 2014, the United States beats out all the universities around the world. Have a look for yourself.

http://www.timeshighereducation.co.uk/world-university-rankings/2013-14/world-ranking

          Wow, so those top schools must be better than any school that isn't on that list. Not necessarily. As the paragraph above the list in the link says, this ranking system employs "13 carefully calibrated performance indicators." Sounds authentic. Let's look at the top four ranking schools. Caltech, Oxford, Harvard, and Stanford. I see big money, big names. People that go to these schools aren't there to drop out. I am not going to dig up a bunch of numbers that prove it. If someone even applies to these schools they are in it to win it regardless of numbers. So no matter where you place the "carefully calibrated indicators" you are going to get awesome results leaving these schools number one forever and a day. Let's drop a quick note on cost.
          In 1960, one year at Harvard with tuition, room and board, and a bit of spending cash was roughly $2,370.00. A year at Harvard now? $41,616.00. Nice! That's right around twice the amount that gas has gone up since 1960. So why aren't we outraged? Why isn't the country collapsing because we can't afford the good universities?
          Mostly because the sky is blue no matter who you pay to tell you or how much you paid. This is a good point that applies graduating students. Don't be discouraged if you can't get in to these schools, or can't afford them. Money doesn't make you smarter. Diligence in your education, wherever it is, makes you smarter. This is just the opinion of one man.

The information in this article is opinion formed from these links and the link above.

http://www.gse.harvard.edu/admissions/financial_aid/tuition/
http://www.collegeview.com/admit/?p=1858