Mar 24, 2009

Rutgers tuition amongst the highest for public universities - but is it worth it?

The undergraduate tuition at Rutgers University is notoriously high, but a recent report by California's Post secondary Education Commission caught my eye. This report compares fees at California's educational institutions, with those around the country and at the top of list, lies Rutgers, Newark (though a quick check at the Rutgers, New Brunswick website will tell you that the other campuses have around the same cost). This is a sad state of affairs for New Jersey, and its bound to get worse as Gov. Corzine is again reducing the amount of funding for Rutgers.

On the bright side, Rutgers has been prepared for this for a while now, and already has one of the lowest operating costs in the country. According to this news article...
Somehow, Rutgers has managed to survive thus far with its name and its glitter fully intact, even in the face of the sliding state figures. It's a wonder, when school leaders have had to cut hundreds of classes and positions. Or when tuition has soared by more than 10 percent in certain years. Or when one realizes that New Jersey now ranks in the bottom 10 states in tax funds spent for operating expenses of higher education per $1,000 of personal income, with a rate below $5.50; the U.S. median is $7.50.
Moreover, the education is still worth it. A recent study by debating the pros and cons of private colleges vs public colleges using a measure called 'payback' indicated that payback at most public universities is a lot higher than private colleges. This payback takes into account the higher cost of education at these private universities. The website just lists the top 5 public universities, but Rutgers admissions has the list of top 10, because its ranked 6 on that list. This is pretty cool and I've posted a picture of the list.

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