What is the cost of a college education? By Nexford’s CEO
It’s no secret that obtaining a college degree today is dangerously, illogically expensive. But a quick look at just how expensive it’s become still succeeds in producing a shock
According to U.S. News, for example, tuition to attend New York’s Columbia University this year cost students $59,430–not counting room and board, food, or books. The University of Virginia? $45,066.
It would appear obvious that something needs to change.
"Many have accepted these exorbitant costs as something of a new status quo."
Which is a mistake.
Instead, we should be asking why obtaining a college degree in 2019 proves so condemningly expensive, along with how much the experience should actually cost.
These are questions I thought about and studied meticulously when I was launching Nexford University. My team and I worked to identify metrics and methodologies to determine the correct way to price going to college. In the process, we learned much about where tuition dollars go currently, along with what needs to be done to make providing higher education more efficient.
Fadl is Founder & CEO of Nexford University. His vision is to enable greater social and economic mobility through high-quality, affordable education.
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