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comment by snoodog

    $64k a year x 4 years = $240k
cost is actually higher than that.

Only 59% of students who enroll graduate, and on average a student is enrolled for around 6 and 1/3 years. So when calculating average ROI you can basically double your 240K

Source for 6 year claim:

http://www.politifact.com/wisconsin/statements/2013/aug/11/ron-johnson/average-college-degree-takes-six-years-us-sen-ron-/





illu45  ·  2888 days ago  ·  link  ·  

    Only 59% of students who enroll graduate, and on average a student is enrolled for around 6 and 1/3 years. So when calculating average ROI you can basically double your 240K
    Only 59% of students who enroll graduate, and on average a student is enrolled for around 6 and 1/3 years. So when calculating average ROI you can basically double your 240K

That may be true in general, but evidently at Oberlin 75.8% of undergrads finish within 4 years. It's also worth noting that most of the kids who go to Oberlin would likely be going to another institution where their parents would be paying tuition, so it's unlikely that the choice is between paying $64K and paying nothing. Not to say that Oberlin is cheap or that their costs are justifiable to the average person.