As the parent of a TCU student, I was disappointed to get a letter announcing a 5.8 percent tuition increase. The problem with trustees voting to increase tuition is most are very wealthy and out of touch with realities facing graduates. With room and board, a degree at TCU now costs more than $200,000.
University trustees around the country are creating a student loan debt bubble that cannot be sustained.Much was made of "predatory" lending to homeowners who could not afford their mortgage. But how much more so for students who get "easy tuition loans" only to find it crushing them financially?And for what? So overpaid professors with rich retirement plans can write academic papers of questionable value that no one except a handful of their peers will ever read? We love TCU. But the university system is a broken financial model. The four-year private university degree is not worth anything close to $200,000.The sooner that TCU trustees address this, the stronger TCU will be.-- Drew Lawler, Newport Beach, Calif.Have more to add? News tip? Tell us
