Tuition rising

[allantois]

The College President Who Simply Won’t Raise Tuition

Mitch Daniels has frozen Purdue’s tuition—at less than $10,000—for seven straight years.

www.theatlantic.com

Just read the article about Purdue president freezing tuition for the past few years. Why can't dental colleges do the same? They gotta take some responsibility for raising tuition year in and out.

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[ToothJockey]

Honest question, is this even realistic for dental schools?

It seems that the yearly cost to operate a dental school keep going up each year, thus resulting in an increase in tuition each year. They gotta pay the staff more each year due to inflation, supplies cost more each year etc. And for private dental schools, tuition is one of their major sources of revenue. Unless they got other sources of revenue, isn't increasing tuition the only way to cover the costs?

 

[Big Time Hoosier]

As long as people are still willing to pay $650,000+ for a DDS/DMD it will keep going up. The bubble won’t burst until it reaches a level predents refuse to pay. When will that point be reached? I don’t know, but I sure wouldn’t pay what USC, NYU, Midwestern, and the like charge.

Big Hoss

 

[OhioDMD]

Sure it is, but it needs to be subsidized by the State or Federal Government. Depending on what conditions come with the subsidy it could be a good or bad thing.

 

[2TH MVR]

Honest question, is this even realistic for dental schools?

It seems that the yearly cost to operate a dental school keep going up each year, thus resulting in an increase in tuition each year. They gotta pay the staff more each year due to inflation, supplies cost more each year etc. And for private dental schools, tuition is one of their major sources of revenue. Unless they got other sources of revenue, isn't increasing tuition the only way to cover the costs?

Wait till you own your practice. Re staff pay. At some point .... All staff pay should reach a ceiling based on their job description.

 

[Cold Front]

The pre-dents I advise called schools they are applying to and inquired about their next year’s/incoming class tuitions... ALL the schools (about 15 or so) said they will increase their tuition from 3-6%.

This is dentistry... tuition money never sleeps.


Sent from my iPhone using Tapatalk

 

[ToothJockey]

At some point .... All staff pay should reach a ceiling based on their job description.

That's not realistic is it? Living costs (rent, groceries etc.) keep rising, meaning staff will demand higher pay every few years. For a dental school, it all adds up, therefore the increasing tuition costs.

 

[deleted903013]

That's not realistic is it? Living costs (rent, groceries etc.) keep rising, meaning staff will demand higher pay every few years. For a dental school, it all adds up, therefore the increasing tuition costs.

There should be a small rise in tuition. The issue is, the rise vastly exceeds inflation. You have some schools increasing tuition by 10%. Schools know they can raise tuition to whatever they want and students will go with the money backed by the government. Therefore, they buy expensive things for their schools that they do not need. Schools have no incentive to be cheap, therefore they are not. Look at some of these super expensive dental schools. They're absolutely beautiful. Believing schools inevitably have to cost 500k+ in order to be keep up with costs is ridiculous.

 

[2TH MVR]

It's all supply and demand. The high tuition DS exists because there is a business strategy in place for positive profit. These schools will always exist to cater to those who were less fortunate in obtaining acceptance to a cheaper alternative. What I find amazing is those students who actually choose a MidWestern over other schools because of ......... nice decorating, better tech, etc. Heck. What you learn in DS maybe obsolete after you graduate. So why pay extra for all the hi tech stuff?

Anything to be a dentist I suppose. Loose analogy. Two individuals want to buy a Ferrari. One can afford the Ferrari, has excellent credit, can obtain a very low interest 3 year loan or better yet .... will pay cash for the Ferrari. The other wants to buy the Ferrari also. Has terrible credit. But through the majic of financing .... he "finances" the Ferrari with a HIGH interest 10 year loan. Two guys running around in the same Ferrari with smug faces. But one has made a terrible financial decision and will be sacrificing other important things in his life just so he can drive around in that shiny Ferrari.

 

[Dynex2013]

every american university will continue to raise tuition until there is a federal cap on student loan borrowing. until it happens, expect it to keep rising annually.