It was only a matter of time before a college would have the nerve to quote its cost of attendance at nearly $100,000 a year.
One letter to a newly admitted Vanderbilt University engineering student showed an all-in price — room, board, personal expenses, a high-octane laptop — of $98,426.
Only a tiny fraction of college-going students will pay anything close to this anytime soon, and about 35 percent of Vanderbilt students — those who get neither need-based nor merit aid — pay the full list price.
But a few dozen other colleges and universities that reject the vast majority of applicants will probably arrive at this threshold within a few years.
Their willingness to cross it raises two questions for anyone shopping for college: How did this happen, and can it possibly be worth it?
Persons:
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Organizations:
Vanderbilt University, Vanderbilt
Locations:
Los Angeles, London, Nashville