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Reduce Initial College Costs

Tier tuition cost for college (first year cost less vs later years)

Photo of Leonard
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 With the high dropout rate, having a tiered college cost would lessen the burden of those that do not continue and at the same time the universities should charge more for later classes which add more value to the graduate upon completion. I also think cost of courses should be structured to be valued base:100 level class=$100 per credit, 200 level class=$200 per credit, etc. but at the same time a credit hour cost should reflect the end market value so not all 100 level classes should cost the same. A university pays Professors differently (a business professor earns more than an intro math professor and a higher level business class could cost more than a higher level English class). This could bring total college costs in alignment with the income able to be earned with that designated degree and thus would be better support the ability the pay the debt incurred for that specific degree.


Not sure of the exact way, but no market place would have a one price system.

Who is your idea designed for and how does it reimagine higher education to support the needs of tomorrow?

Colleges

Tell us about your work experience:

Oversee cash and investments

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Photo of Andrea Zelenak
Team

Hello, Leonard!
I completely agree the drop-out rate is too high. I know so many people who had to quit college because they didn't have a direction and couldn't afford to pay it without a direction/major path. I'm thinking of a way to get colleges more connected to this idea. Some colleges, more than others, would want more money. This is a really simple idea though and can be implemented really easily.

You should check out TaskRabbit for Teens; Students Investing in their own Future 

Fayrooz Johnson Do you have any thoughts on this? I know you posted about similar ideas?  

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Photo of Kate Rushton
Team

Hi Leonard, interesting post! Any chance you could find an image to go along with it? Images help grab attention and tell a story. You should be able to use the Edit Contribution button on the top of your post and follow the instructions to add images from there. Looking forward to seeing more of your inspiring insights on OpenIDEO.