Speculate please - cost of college 18 years from now

[Anonymous]

There is a bubble but the low student loan rates are keeping it a float.

[Anonymous]

but is 6.8 or 8+% low?

[Anonymous]

We have less than that to go (9 years). I am thinking 75,000/year.

[Anonymous]

it was really 15K in 1980? I paid about 20K including room and board for a private college in the mid 90s... that figure sounds too high

If you use that calculator, 15K in 1980 works out to 23K in 1990...just sayin'

Even if the cost of college remains the same (assuming 3-4% inflation), 45K in 2013 dollars should be ~95,000 in 2033 dollars and 20K should be ~40K. So even if the cost of college doesn't "rise" in the sense that it has outpaced inflation for the past 20 or so years, it seems within reason to expect public school to be ~35-50K and private school to be ~85-100K

[Anonymous]

Anonymous wrote:There is a bubble but the low student loan rates are keeping it a float.

Maybe, but this is one bubble that could burst into sky-high inflation, rather than get any deflation.

[Anonymous]

meaning the prices will just stay high when it "bursts"?

[Anonymous]

Anonymous wrote:it was really 15K in 1980? I paid about 20K including room and board for a private college in the mid 90s... that figure sounds too high

Duke was that much in 1985.

[Anonymous]

It's crazy. Our EFC is $150,000 per YEAR with a $430,000 income. That's just not right.

[Anonymous]

Anonymous wrote:It's crazy. Our EFC is $150,000 per YEAR with a $430,000 income. That's just not right.

Considering that people can and do live on much less than $280K a year (the difference in those two amounts), I don't see how that's not reasonable. What, didn't you save a dime of that huge income over the years?

[Anonymous]

Anonymous wrote:It's crazy. Our EFC is $150,000 per YEAR with a $430,000 income. That's just not right.

That seems totally right. If you make $430k/year, you should easily be able to pay for college at private schools for 2-3 children. If you can't, you are doing something wrong.

[Anonymous]

Anonymous wrote:It's crazy. Our EFC is $150,000 per YEAR with a $430,000 income. That's just not right.

seems reasonable to me.

[Anonymous]

It's crazy. Our EFC is $150,000 per YEAR with a $430,000 income. That's just not right.

What's not right is that one would feel that it is some kind of hardship to live on 280K per year.

[Anonymous]

Anonymous wrote:it was really 15K in 1980? I paid about 20K including room and board for a private college in the mid 90s... that figure sounds too high

You did not go to my school, sorry about that.

[Anonymous]

no, 20K was for ivy league tuition in mid 90s

[Anonymous]

(including room and board)