We’ve been talking a lot about college on the Billfold lately, which brings up an important question: How do you know if you chose the right school? People in our society make a fetish about picking the place that’s right for you as though there’s only one correct answer, and as though “the place that will give you the most aid” or “the state school closest to home” isn’t the guiding principle behind the way a lot of us make this choice.
Universities seem to serve as kind of a “You complete me” soul-mate stand-in. And for maybe the same reason we talk about “the one” in a romantic context, we take for granted that “the right” college exists out there for everyone interested in higher education. Doesn’t that raise expectations to an unreasonable level? After all, how do you evaluate the choice once you’ve made it?
In 1984, it cost $10,000 a year to go to Duke University. Today, it's $60,000 a year. "It's staggering," says Duke freshman Max Duncan, "especially considering that for four years." But according to Jim Roberts, executive vice provost at Duke, that's actually a discount. "We're investing on average about $90,000 in the education of each student," he says. Roberts is not alone in making the claim. In fact, it's one most elite research institutions point to when asked about rising tuition.Hahahahahahahahahhahahaa.