I am beginning to believe that the root cause of tuition costs in the US exceeding inflation is based much more on FOMO on the benefits of college education rather than federal government guarantees on student loans.
My claim is that buyers (parents+children) of college degrees are maybe not behaving rationally with respect to cost.
High-cost schools position themselves as offering a "better" outcome or opportunity to students. I'm really conflicted about this viewpoint. I have two children in high school with one a rising senior. So my family is discussing colleges and college costs somewhat regularly. We have visited a small number of state schools and a small number of smaller private universities and colleges. The smaller schools do a VERY good job of selling extra opportunities easily available to students. My experience is that opportunities can be found by a motivated college student at any institution but the small private schools seem to make it almost hard for a student to NOT be involved in meaningful outside-of-the-classroom options.
The advantage of the larger school in my experience, is that its like going to a dozen small schools at once. Plenty of people I know where able to transfer from one good program to another in a completely opposite field once they learned what they actually liked (usually quite different than what you imagined as a highscooler especially if your parents have no concept of the field), because the school was large enough to offer so many good options and departments with a lot of interesting faculty. The class sizes are the same between big and small schools anyhow for the most part, but you also have an easier time scheduling classes (and taking certain ones “out of season” if need be) at the larger school. It scales horizontally rather than vertically as your student body increases, big schools have the pockets to hire more faculty and support more taships than smaller schools.
I think you and GP are using different definitions of "larger". One definition is "more programs". Another is merely "more students".
Generally, go for the one with the lower student:teacher ratio. My anecdote:
I and a friend both went to low ranked undergrad universities (state schools). Mine, however, had a low student:teacher ratio per class. Comparing notes with him, the main benefit was that professors actually cared about teaching. The number of students wasn't high enough to be a burden. They didn't repeat the same HW and exams every semester. The number of office hours per week per professor was 3-9 hours. They could be that generous because there simply weren't enough students to use up those hours.
We also didn't have TAs teaching any course.
(Also went to a top ranked university for grad school - very few professors cared about teaching).
Yep, I attended a lower-ranked state school for an undergrad in CS and had a wonderful experience. Lots of positive interactions with faculty in CS and math. My undergrad school was also attended by a large population of highly motivated students for historical reasons. I stumbled into this school almost by accident and was really happy with my student peer group because most were quite ambitious.
I also then went to a well-known and ranked R1 university for grad school. I didn't enjoy it very much but also didn't match well with an advisor out of the gate. That colored my experience significantly and in hindsight was really mostly my fault.
Oddly enough, I returned to this school and work a somewhat hybrid staff/research software engineer job and have been here for more than a decade. Go figure.
Agreed re: "large enough to offer so many good options and departments." This is definitely a big pro in our opinion. It is definitely true that smaller schools are more limited in offerings than big schools. During visits, smaller schools seem to carefully point out some flexibility in putting together a more personal course-of-study to offset this . . .
In the end college costs so much because people are willing to pay, because they think it's a good investment. Generally they have been right, college was the best investment you could possibly make historically. Now it's just an average investment, but the FOMO of not going puts it over the top.
We are questioning if it is even an average investment, especially the truly high-cost and selective private schools where tuition sits at $80,000+ contrasted with $30,000 at our state's well-known and respected flagship university. The extra $200,000 in costs is breathtaking to consider.
My claim is that buyers (parents+children) of college degrees are maybe not behaving rationally with respect to cost.
High-cost schools position themselves as offering a "better" outcome or opportunity to students. I'm really conflicted about this viewpoint. I have two children in high school with one a rising senior. So my family is discussing colleges and college costs somewhat regularly. We have visited a small number of state schools and a small number of smaller private universities and colleges. The smaller schools do a VERY good job of selling extra opportunities easily available to students. My experience is that opportunities can be found by a motivated college student at any institution but the small private schools seem to make it almost hard for a student to NOT be involved in meaningful outside-of-the-classroom options.