Have you heard? 85% of College Grads will be moving back home this year. In fact, they have found that recent grads are at 54% unemployment. This adds more fuel to the raging debate: Is private university tuition worth the cost? Many families are thinking seriously about this exact question as students begin looking at schools and studying for standardized tests.
Every teen intern goes through a phone interview with me before being accepted to the program. One question I ask them is: “What is the hardest thing about your life? What do you worry about most?” I always get great insight into our teenagers with their heartfelt and sometimes heart breaking answers. On one of my recent interviews, an potential intern answered simply, “Money. I am worried about money. My Dad is out of work and I want to go to school. I do not know how I will pay for the small fees at public school, let alone at a private top tier university.” She is a 9th grader and already worried about having to choose between taking huge student loans for a private school or going to a local, lesser known public school.
Unfortunately, it looks like even private school graduates are having trouble finding work. Recently, I have started to question whether or not private school tuition is worth it. When I read about the battle on Harvard’s campus about lower income students working as maids for wealthy students I also wondered if private schools might have more issues than public ones. I did go to an amazing private school- Emory University in Atlanta, GA and loved my time there. But now, in the real world, I do not find that having a private school name in the top 20 schools behind you makes that much of a difference.
What do you think? Is private school worth the cost?