Sorry, Junior, We’re Not Paying to Send You to a Resort for Four Years

Andrew Rosen

Andrew Rosen, chairman and CEO of Kaplan, Inc., during the Pearson Learning Summit in Phoenix, Arizona, last April:

College today is a bundled product. In order to get the education, you have to buy the football team, the gardens and the climbing walls and stuff. You can’t just buy the education. But I think that the private sector is going to offer learning experiences that are compelling enough that families will start to say, I’d love for my kid to go to Georgetown, I’d love for them to have that experience, but the difference between $10,000 and $300,000 is just unbridgeable. They’re going to say, sorry Junior, we’re going to invest in your education, but we’re not going to invest in you going to a resort for four years.

The same logic, by the way, applies to private schools, the most prestigious of which are almost as unaffordable as college.

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  1. Peter Galuszka Avatar
    Peter Galuszka

    A resort?

    When one of my daughters started the University of Virginia, they stuck her in a hellhole named Balz Hall which thankfully has since been torn down.

    Why perpetuate the myth that college living is a resort living?

  2. DJRippert Avatar

    Balz? Balz is what were called the “new dorms” when I was there. I was in Emmet. My Dad drove me down to UVA when I first started. He’s been 20 years in the US Navy. When he saw my dorm room he said, “The Navy would never accept this as adequate living quarters”.

    And how did the kids in Balz answer the phone when a call came into the suite?

    “You’ve got Balz!.”

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