NEWS
By Robert L. Taylor | September 24, 1993
A YOUNG man who entered an Eastern private university with the Class of 1953 paid $500 in tuition. When, at graduation, he became an executive trainee in banking, a comparatively low-paying field in those days, he earned $3,200 a year, nearly 6 1/2 times his annual tuition cost.The tuition at the same university is now $17,000. Even assuming a student finds a job at graduation, by no means a certainty today, he or she would have to earn $109,000 a year to have an equal prospect of recovering the cost of that exorbitantly-priced college stint.
NEWS
By Finn M. W. Caspersen | January 27, 2008
After serving in the Navy in World War II, Marylander Charles Schelberg was able to attend Washington College in Chestertown thanks to the GI Bill, which covered all his costs. Mr. Schelberg, who hailed from a working-class family of Chesapeake Bay watermen, was the first in his family to attend college and earned an economics degree that led to a successful career in community banking. There were millions of Charles Schelbergs after World War II, and the individual success of each one fed the cumulative success of a nation that shrugged off the economic malaise of the Great Depression and stoked the economic engines of the world's most vibrant economy.
NEWS
By Susan Reimer | June 12, 2005
MY son elected to attend a military academy, so I have never received one of those frightening tuition bills for him. But because he needs money for uniforms and combat boots and, well, a new road-racing bicycle, I turned his college fund over to him. He laughed out loud. "What kind of college education did you think I was gonna get with this?" he asked. I stopped saving for my children's college education when it became clear to me that I would never save enough. College tuitions are spiraling toward the unbelievable, and compared with those numbers their "college funds" looked more like the proceeds from a lemonade stand.
NEWS
May 30, 1999
NOW is the time for parents to do some long-range planning for their kids' college education. A year-old state program lets them avoid inflationary tuition costs by enrolling in the Maryland Prepaid College Trust. The current sign-up period ends June 10.It's a money-winner. The program offers tax benefits as well as an array of savings options. For instance, parents of a newborn infant could cover full tuition at any Maryland public college -- or partial payment at any private college -- for only $143 a month.
SPORTS
By Paul McMullen and Paul McMullen,SUN STAFF | October 4, 2001
Michael Phelps, the 16-year-old swimming sensation from the North Baltimore Aquatic Club, is turning professional. Phelps has signed an endorsement deal with Speedo, the Los Angeles-based suit manufacturer that outfits many of the world's top swimmers. "This is a very special opportunity for Michael," said Bob Bowman, his coach at the NBAC. "It will allow him to pursue his education and train in a way that will allow him to be a world-class athlete." Phelps is believed to be the youngest American male swimmer to turn pro. Bowman would not discuss financial specifics of the deal, other than to say that Speedo will pay for Phelps' college education.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | April 13, 2012
StraighterLine, a Baltimore-based online college education startup, expects to announce Friday that it raised $10 million from venture capital firms to market and grow its business. The company's student enrollment this year was about 1,500 students, and it expects to enroll 4,500 students over the next year. StraighterLine employs 11 people and plans to grow to more than 20 employees over the next 12 months, said Burck Smith, the company's chief executive officer and founder. The company offers online college courses for credit through a $99-a-month subscription model, an approach the company says is a response to the escalating cost of college education.