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What 50K buys

Jenna Johnson

The Boston Globe has a story this morning which reports that the number of private colleges in the Boston region that charge more than $50,000 a year will double next year. Just two years go, less than a handful of the same colleges charged that much.

Four years of school costs as much as a trip to space on Virgin Galactic, a Dior couture wedding gown or a Bentley Continental GT, the Globe points out.

Among the latest members of the $50K Club: Harvard, MIT, Wellesley, Brandeis, Brown, Dartmouth, and Holy Cross. They join Tufts, Boston University, Boston College, Smith, Mount Holyoke, and Babson, which all broke the barrier this year.

The price tag includes tuition, room and board, and mandatory fees. University officials warn that sticker prices can be misleading because many students receive financial aid that pays for all or some of their total bill.

Still, education analysts told the Globe that the ever-increasing price of college (which continues to rise faster than inflation) could scare the average family away from even applying to these schools.

The average sticker price for private nonprofit colleges is $35,640 for the 2009-10 academic year, according to the annual report "Trends in College Pricing" by the nonprofit College Board.

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By Jenna Johnson  |  March 29, 2010; 11:07 AM ET
Categories:  News Overload  | Tags: Babson, Boston College, Boston University, Brandeis, Brown, Dartmouth, Harvard, Holy Cross, MIT, Mount Holyoke, Smith, Tufts, Wellesley  
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Comments

$50k... makes you think! My partner and I are going to chat soon with a college admissions director -- we'd love kids with things and questions on their minds to shoot us some things they'd like answered. We're happy to ask for them! (http://campus411.wordpress.com/)

Thanks,
Chester Carson

Posted by: campus411 | March 31, 2010 12:56 AM | Report abuse

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