Barry Gets A Mention in the WSJ

[Big_O]

Front page article discussing the money grubbing of public universities on the backs of parents and students. Penn State featured prominently in the article, and not in a good way. Of course Barry was the only one on the BOT who was against the spend fest. In a couple of years the university is going to burn through its reserve funds and become insolvent If it continues on its current course.

 

[PSU Mike]

Who needs money?

 

[BobPSU92]

Who needs money?

PSU is too big to fail.

 

[PSU Mike]

PSU is too big to fail.

Or succeed.

 

[ValleyForgeLion]

Here's a PDF of the article not sure why the pictures didn't come through. Great article tho, really just the facts. And the facts are damning.

 

[Ceasar]

Or succeed.

That is a great line, Mike!

 

[BobPSU92]

I’d like to see one of those classic WSJ profile drawings of Barry in the article.

 

[StamfordBridgeVikingatLeftOffensiveTackle]

WSJ article on rising tuition for public Universities - On3

Can’t post as I pay for it, but Penn State highlighted, with a few quotes from trustee Barry. Nothing surprising to the board

www.on3.com

 

[Jason1743]

i couldn’t download the article. Not to be preachy, but spending on higher education in the USA is way too much. The cost of higher education is a national crisis. Kids are graduating with strangling debt.
Every time is visit a college campus I see major construction. We all like shiny new buildings, but graduating with hundred of thousands of dollars in debt is no fun when you are asked to pay it back. Some kids can, many struggle.

 

[Big_O]

The article outlines pretty much why I didn’t send my kids to Penn State due to exorbitant out of state tuition. When my oldest started at UF, her tuition was $16k a year, but she got a $3k bright futures scholarship for net $13k. Her first year tuition at PSU would have been $27k.

The younger daughter the OOS tuition would have been around $30k as a freshman as opposed to $10k in Ohio. Both would’ve far exceeded their 529 plan savings for tuition, room and board by attending Penn State. Both got excellent educations with the oldest having a doctorate in NucE from GA tech and the youngest with a masters from OSU (#3 program in her major in the country). I don’t think they missed anything education wise by not going to Penn State, and I didn’t run out of money sending them to college and grad school. Although I will qualify that the oldest had her grad school paid for by the department of homeland security.

 

[Tom_PSU]

Although I will qualify that the oldest had her grad school paid for by the department of homeland security.

And for that sentence you probably were added to their Watch List. No good deed goes unpunished.

 

[J.E.B]

Neeli’s got this….

 

[LB99]

Neeli’s got this….

PSU is too big to fail.

Jay’s got this.

 

[LB99]

The article outlines pretty much why I didn’t send my kids to Penn State due to exorbitant out of state tuition. When my oldest started at UF, her tuition was $16k a year, but she got a $3k bright futures scholarship for net $13k. Her first year tuition at PSU would have been $27k.

The younger daughter the OOS tuition would have been around $30k as a freshman as opposed to $10k in Ohio. Both would’ve far exceeded their 529 plan savings for tuition, room and board by attending Penn State. Both got excellent educations with the oldest having a doctorate in NucE from GA tech and the youngest with a masters from OSU (#3 program in her major in the country). I don’t think they missed anything education wise by not going to Penn State, and I didn’t run out of money sending them to college and grad school. Although I will qualify that the oldest had her grad school paid for by the department of homeland security.

All out of state tution rates are high. That’s how it works. It’s been like this for decades. My oldest is a freshman at PSU. When he was looking at schools, my wife took him to visit Delaware. Delaware is over $50k out of state tuition with no aid offered.

 

[Keyser Soze 16802]

Boom....here's to all of the PSU administration apologists who whine about falling state support

"Public university leaders often blame stingier state funding for the need to raise tuition
revenue. And three-fourths of states did cut their support, undermining a longstanding
principle that schools educated the populace with government backing. But universities
generally didn’t tighten their belts as a result. Rather, they raised prices far beyond what was
needed to fill the hole."

In PSU's case, state support is down less than 250 million since 2002 while tuition revenue is up more then 750 million

 

[Keyser Soze 16802]

Another treat:

"Mary Isaacson, a Democrat and chair of the subcommittee on higher education in the
Pennsylvania House of Representatives, said that while public funding declined, the school’s
aggressive physical growth and lengthy wish list also helped put it on its path to financial
insecurity."

Thank you Mary!

 

[J.E.B]

Tuition is too high because there are too many people working, and I say that loosely, for the university. Far too many. Streamline it Neeli. Cut the fat. It is not sustainable! It hurts. It always does but the culprit was the previous cabal! Wash it out.

 

[BW Lion]

Well done @PSUFTG

It’s been a long journey for you to get into a position of semi-influence, but your message of fiscal discipline (austerity?) will be learned and embraced…eventually and out of economic necessity.

Keep hounding

 

[blion72]

Tuition is too high because there are too many people working, and I say that loosely, for the university. Far too many. Streamline it Neeli. Cut the fat. It is not sustainable! It hurts. It always does but the culprit was the previous cabal! Wash it out.

the question is what drives the costs in higher education? is Penn State less competitive in delivering an education than competitors?

how does the net cost of attendance compare?