At some colleges now, the New York Times has this article, and it is about, it begins with Vanderbilt University.
$100,000.
Why would you pay it?
That is the question.
Why would people pay it?
I mean, I don't understand why you would pay $50,000, to be honest.
Do I hear $25,000?
Yes, exactly.
Now, you know, you have no choice in certain subjects.
You have to go through college.
I have said this for so many years.
I've had the same view of colleges.
The answer to what college your kid should go to has always been the cheapest one you can afford.
The cheapest one.
That's it.
Does anybody care?
Do you know that the only question never asked to me that I could think of, whether it's after a speech or in my fireside chat or on the radio for 40 years, I have been asked about my family.
I have been asked about all private things.
Nobody has ever asked me in 40 years what college did you go to.
That is how insignificant it is as life goes on.
You are judged on your abilities.
What can you do?
Increasingly, it doesn't even matter if you went to college.
There's a part of me that wishes I had not gone to college so I could say that, you know?
Yeah.
But you should still read my Bible commentary.
It's accessible but highly intellectual, in part thanks to my knowledge of Hebrew language and grammar.
Some colleges will soon charge $100,000 a year.
Some Vanderbilt students will have $100,000 in total expenses for the 2024-2025 school year.
The school really doesn't want to talk about it.
That's the New York Times.
It was truly only a matter of time before a college would have the nerve to quote its cost of attendance at nearly $100,000 a year.
This spring, we're catching our first glimpse of it.
What is astonishing is people are more suspicious of colleges worth now than in any time in my lifetime.
You would think that they would want to lower their costs.
The eye-popping sub is not an anomaly.
Only a tiny fraction of college-going students will pay anything close.
But a few dozen other colleges and universities that reject the vast majority of applicants will probably arrive at this threshold within a few years.
How did this happen and can it possibly be worth it?
Well...
So if you hear a student is at Harvard today, I don't know the answer to the question I'm about to pose, but I am very curious.
You might want to call in on this.
If you hear that somebody's son or daughter is at Harvard, do you have the same assumption about their abilities and quality and prestige as you did?
A few years ago.
What do you think the answer is?
I'm ambivalent.
I don't know the answer.
Three months ago I would have said that it has really lost its prestige.
Or much of it.
I can't say all of it.
But it is going to happen, especially in light of the fact that these colleges Are not taking the academically best students.
Because then they end up with too many Asians and Jews.
They're virtually open about it.
That would be like the NBA saying, you know, we don't want too many blacks playing basketball.
It is a wonder that people are not challenged on that.
Do you believe in merit or do you not believe in merit?
And if you believe in merit, why doesn't it apply to sports?
Wow.
At a few small liberal arts colleges with enormous endowments, even $100,000 would not cover the average cost of educating a student according to the schools.
How is that possible?
Let's see, $100,000.
How many students do they take in per year?
A thousand?
Right, a thousand at least in most of these colleges, no?
I mean at Princeton, Yale.
I'm talking about the Berkeley, probably a few thousand.
So what's a thousand times a hundred thousand?
Ten times a hundred thousand is a million.
So $100 is $10 million, and $1,000 is $100 million?
Is that right?
Yeah, I guess that's right.
Does that sound right?
We don't do anything on the show.
We don't do math on this show.
That doesn't cover things?
Please, seriously, I think I did it correctly, but go into, what do you call it, the calculator.
So do a thousand times a hundred thousand.
It doesn't cover the costs.
It doesn't cover, if it doesn't cover the costs, because so many people are hired not to teach.