You child is getting ready to head off to college. A time for them to spread their wings and fly. Exciting time, but have you seen what it costs to attend college these days? A new report shows where once there was only a handful, there are now more than 50 schools charging as much as $50,000 year tuition. So if you child makes their way through a four year college you’re staring down the barrel of a $200,000 dollar education. Why so much? What could possibly warrant these kinds of fees? Especially when our economy is in trouble and unemployment is now at 10 percent.
The answer may be that those fees are paying for the salaries of those you are entrusting with your child. College presidents seem to be weathering this economy just fine thank you. An example, Suffolk University in Boston gives David Sargent a compensation package of 1.5 million dollars. He’s not alone; there are more than a few presidents making more than a million dollars a year.
Should college’s and universities be sensitive to these times when many are having a hard time to make ends meet? Is now the time to charge huge tuition fees while at the same time offer handsome pay packages to their presidents?
Give us your thoughts and we'll talk about it tonight on WBZ News at 5pm.
