Marian Wang at ProPublica has a telling interview with the former president of Miami University, James Garland. More commonly known as Miami of Ohio, Miami University is a public university that, according to Garland, is "public in name only." He describes the strategy they undertook to weather the economic downturn on a diminishing state budget, and the regrets he has in retrospect, despite the success of their efforts.
Grant: I'm 28, live in Chicago, Ill. My fiancé and I just moved to a neighborhood called Logan Square last weekend. I am a photographer.
When I was 18, my parents sent me 600 miles away to Northwestern University for a journalism degree worth nearly $200,000. Minus $50,000 in loans and grants, they paid for the whole thing out-of-pocket. I've never understood why. So I asked them.
Logan: I just impulse paid off one of my cards. Haha. The balance was $300 and I owed $100, and so i just paid it off wild and crazyyyyyy.
Margaret: I'm 29, I work in the communications department at a nonprofit, and I live in Brooklyn/work in Manhattan.
Beverly: I'm a 24-year-old publicist working in New York City. My official title is "Senior Account Executive." I earn $44,000 a year, but that's very recent (within the past month).
College was positioned as The Answer To All My Problems from a very young age.
Michelle: I'm 26, a senior corporate tax accountant, and I live in Rockland County in N.Y.
Oregon is exploring an inventive way for students to fund their educations at community colleges and four-year public universities in the state: Free tuition in exchange for paying a small percentage of their adjusted gross incomes into a special fund for, according to one proposal, a 20-year time period.
Over at Inside Higher Ed, Scott Jaschik reports on a study showing that college students who have their parents generously pay for their educations get lower grades than those who pay for their own educations.