With tuition costs soaring, how can students make informed decisions about their education? In this episode, Mark Salisbury discusses the lack of price transparency in college tuition and the impact it has on students and families. He shares insights into the pricing strategies of colleges and universities, the distribution of sticker prices, and the misconceptions surrounding the value of brand name colleges. Mark also highlights the importance of understanding the cost of attendance and the ancillary costs associated with college education. He introduces TuitionFit.org, a platform that provides transparency in college pricing and helps students make informed decisions about their education.
Key points discussed:
- Colleges and universities often lack price transparency, making it difficult for students and families to know the actual cost of attendance.
- The sticker price of college is often not what students actually pay, as colleges offer discounts and financial aid packages.
- The perception that brand name colleges offer a better education is not always supported by data, and students can receive a quality education at various price points.
- The cost of attendance includes not only tuition and fees but also indirect costs such as textbooks, room and board, and other expenses.
- Tuitionfit.org is a platform that allows students to share their financial aid award letters anonymously, providing transparency in college pricing and helping students make informed decisions.
Timestamps:
- 00:00 Introduction to College Tuition and Price Transparency
- 03:21 The Absence of Price Transparency in College Pricing
- 08:02 The Challenges of Building TuitionFit
- 10:25 The Impact of Information Asymmetry in College Pricing
- 13:19 The Myth of Sticker Price and Prestigious Institutions
- 21:24 Insights on College Pricing and Perception
- 25:19 The Ancillary Costs of College Attendance
- 28:41 The Need for Transparency and Education Reform
- 36:49 The Shift in College Decision-Making and TuitionFit.org
Need career or resume advice? Follow and/or connect with Jonaed Iqbal on LinkedIn.
- LinkedIn: https://www.linkedin.com/in/jonaed
Connect with us on social media!
- Instagram: @nodegreecareers
- TikTok: @nodegree
Thank you for sponsoring our show. If you'd like to support our mission to end the stigma and economic disparity that comes along with not having a college degree, please share with a friend, or drop us a review on Apple Podcast.
Remember, no degree? No problem! Whether you're contemplating college or you're a college dropout, get started with your no-degree job search at NoDegree.com.
Popular Podcasts
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.