University of Minnesota calculates the full cost of educating a student

  • Article by: JENNA ROSS , Star Tribune
  • Updated: June 8, 2012 - 8:48 AM

Cost varies by college, campus and level of study - in surprising ways.

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marquetterJun. 7, 12 9:33 PM

Really? It has taken this long? Imagine if you are in a private industry and you have no idea what your product costs. Yikes.

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DufferHJun. 7, 12 9:36 PM

Per semester or per year?

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justthetruthJun. 7, 12 9:39 PM

More higher education mumbo jumbo to confuse everybody as to what "administrators" and "faculty" do and why they do it over there. If you keep increasing salaries, obviously the cost of education is going up. A better guage would be "value" and where the U ranks in getting their graduates hired.

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elmore1Jun. 7, 12 9:43 PM

This is a good start on a long journey to make the u more cost effective. It will be interesting to see what they find at lower levels of analysis and opportunities to flatten the organization.

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fuzz48Jun. 7, 12 9:44 PM

"Leaders of the University of Minnesota got answers Thursday to a question they've been posing for years: How much does it cost to educate a student? The short answer: $12,055 in 2009-10, on average, for an undergraduate." - Is this for a four-year degree? Is figure for a semester? A quarter? What is the time-frame for $12,005? This is meaningless until we know the period of time this covers!

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ranger78Jun. 7, 1210:01 PM

Regent Brod said, "One of the goals was to define what administration is so that we can then define how much we spend on it,". How old is the University? How is it possible that they don't know how to define administration? This place is a joke. And so are the people running it.

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markythomJun. 7, 1210:04 PM

Unfortunately, the U is fat and bloated. Changing titles won't take away the fat, it will only disguise it, but it will still be there unless some serious attempts are made to streamline the institution.

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daddygorunJun. 7, 1210:08 PM

The writer, obviously not a Morris grad, apparently believes UMM is located in Marshall. Morris, if you look at a map, is located due east of the "bump", along the western border of the state, where the Red River of the North and the Minnesota River go their separate ways. The U's campus in "west central" Minnesota" would be a good description. Also, while writing about "precise accounting", it would be good to define your dollar amounts, as say, the cost of tuition alone for one semester, rather than leaving the reader to wonder.

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garagewineJun. 7, 1210:20 PM

The cost is per year.

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acidradioJun. 7, 1210:27 PM

The current model of higher education is broken. What amounts to being unlimited student loan money gives schools a free rein to basically do whatever they want and send the bill to young, overeager students who really don't know any better. They give student loans to basically anybody. If the schools say they want to charge more, well, the government simply loans money to the student to pay that school. There is no underwriting - the lender (the government) doesn't ever ask "Hey, what's the likelihood of us ever getting our $100K back from this Poetry major?". These kids graduate, spin their wheels at jobs that are way less than they should be doing with their education and the cycle keeps going on. Meanwhile you have the U of M (and a lot of other schools) building lots and lots of classrooms that are very underutilized (when asked to schedule classes it is well known that profs say "Make all my classes after rush hour and before rush hour"), dabbling in social programs that don't really have to do with educating students (what was that center that the U of M wanted to build in North Minneapolis?), remodeling old buildings that should have been bulldozed years ago and rebuilt new (Coffman Union could have been bulldozed and replaced for around half the cost of the remodel and it took away a bunch of functional space), and the fiefdom of administrators and other middle management that serve no purpose. But there are bigger problems in education. K12 education has gotten so watered down that the colleges now have to catch everyone up - and the graduates STILL end up in jobs that they should have had with a HS diploma. In my dad's and grandpa's generation a college student could pay for an undergrad and even a graduate degree by working hard over the summer and saving all your dough along with a little help from your family. Behind the scenes the state funded a lot and if you became successful in business you were expected to donate to your alma mater and have your name put on a library or hall as to benefit future generations. Now? It costs as much to buy a degree as it does a house! Cut off the student loan beast... and colleges will truly have to get back to the basics of delivering what students need at a price they can afford.

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