I am going to comment specifically on the article presenting information about Cal Poly SLO. I'm a 1979 Electronic Engineering grad from there.
The facts presented in the article don't seem to paint an accurate picture of the institution. The issue I have is the quoted tuition. It is a good number as far as it goes, i.e. $8,742 for tuition. However, the cost of attending Cal Poly from their own website is estimated at $24,177 or nearly 3 times the tuition! Doesn't this more closely reflect the expected cost of getting an education at this institution?
Another BIG issue with the article is that there are TWO California Polytechnic Universities. Cal Poly Pamona is a great school too with a similar reputation in industry. Shouldn't the article have mentioned both?
They have different locations but similar educational philosophies.
Olin is in Needham, Mass., which borders Wellesley, home to Babson College and Wellesley College. Babson is a very good business school (I could have gone there for my MBA). Wellesley is a top women's college.
Boston College (could have gone there for my MBA too) is about 8 miles from Olin.
We never hear about Oil in the local press. MIT gets all the coverage. Oh yes, there's some other school in Cambridge that get a lot of press, too.
Olin is a relatively new school (a little over 10 years old). I am surprised that you mention that it is near Boston College, and not the fact that it is right next door to Babson College (where they can also take courses). Wesleyan University is not located anywhere near Olin. I think you meant to say Wellesly College, which is a couple of miles away and also lets Olin students take courses.
I also wish you had mentioned something about the Olin Scholarship which is very generous.
Read the linked article. The senior VP of people operations for Google makes an interesting comment: ""when you look at people who don't go to school and make their way in the world, those are exceptional human beings. And we should do everything we can to find those people." Too many colleges, he added, "don't deliver on what they promise. You generate a ton of debt, you don't learn the most useful things for your life. It's [just] an extended adolescence."
Some of the things Google is lookinig for: do you have a sense of humility and of ownership. Do you know when to step forward, and when also to step back?
Yes, of course the money is worth less, but the tuition at Rose (and all these schools) has grown much much faster than inflation. At least I know that Rose probably isn't squandering it on sports. (There are no sports scholarships, in any case.) And they can't really use the excuse that they need lots of high-tech equipment, because that was the case when I was there too, and computers and lab equipment cost a lot more then than it does now. Scopes and computers are all much cheaper.
@anon8464524: "I don't see why it should cost so much more now to teach differential equations or Kirchoff's Law than it did then."
Good point. It's the money that's worth less? Regarding supply and demand for engineers: I think you are saying is supply is now high because it's a global workforce. (I know this is way off in another century, but after the Black Death in Europe, skilled workers could demand and get more money for a while because supply was low.) So supply and demand is like water finding the lowest point and settling there.