colleges approaching $80-90k per year

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m more concerned that many state schools give zero financial aid to anyone and cost $30-40k/year.

Which state schools?

For COA? If you’re instate for the following schools: Pitt, Penn State, Temple, UMass Amherst, Rutgers, URI, UVM, UNH, U of Maine of the top of my head. W&M and UVa if you don’t get FA.

UConn is $37,878 in-state.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t go to a college that costs $90k/year. Or $50k/year.

Lack of empathy.

I’m not shedding any tears for a family making $300k/year. They can easily afford any public university.

Not about parents, kids don't have control over their finances, they just get penalized for parental finances.

This. It's not about the parents. It's the kids.
Though your assumption that people making combined $300K have much, if any, ability to save for $90K/year tuition is laughable. But, your lack of empathy is ignorant and rude.

[Anonymous]

"But at least the kids get country club level amenities and tons of admins make 6 figure salaries. Interest rates have been rising due to the central bank, so students taking out loans to pay for this disaster will be kneecapped for even longer. Such a terrible ROI."

The most expensive elite schools/most selective schools do not offer country club amenities. I went to HSYP and lived in an actual mobile home village they set up on campus. My frosh dorm was made of cinderblocks and had those windows that swing out as the only source of fresh air. No AC. Very simple cafeteria food.

[Anonymous]

Let's compare Big10 Conference schools Cost of Attendance, Salary upon graduation etc.

https://www.collegetuitioncompare.com/best-schools/big-ten-conference/#:~:text=The%20average%20undergraduate%20tuition%20%26%20fees,the%20academic%20year%202022%2D2023.

[Anonymous]

Anonymous wrote:Let's compare Big10 Conference schools Cost of Attendance, Salary upon graduation etc.

https://www.collegetuitioncompare.com/best-schools/big-ten-conference/#:~:text=The%20average%20undergraduate%20tuition%20%26%20fees,the%20academic%20year%202022%2D2023.

PP here: a further look at room and board should be considered with each of these.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t go to a college that costs $90k/year. Or $50k/year.

Lack of empathy.

I’m not shedding any tears for a family making $300k/year. They can easily afford any public university.

Not about parents, kids don't have control over their finances, they just get penalized for parental finances.

This. It's not about the parents. It's the kids.
Though your assumption that people making combined $300K have much, if any, ability to save for $90K/year tuition is laughable. But, your lack of empathy is ignorant and rude.

Your lack of empathy over actual issues is disappointing. I have empathy for kids having to take it loans to go to Towson.

[Anonymous]

Anonymous wrote:"But at least the kids get country club level amenities and tons of admins make 6 figure salaries. Interest rates have been rising due to the central bank, so students taking out loans to pay for this disaster will be kneecapped for even longer. Such a terrible ROI."

The most expensive elite schools/most selective schools do not offer country club amenities. I went to HSYP and lived in an actual mobile home village they set up on campus. My frosh dorm was made of cinderblocks and had those windows that swing out as the only source of fresh air. No AC. Very simple cafeteria food.

Those schools have everyone on an unlimited meal plan now so as to make kids who can’t afford one not feel left out. No option to downgrade to a cheaper plan. NESCAC schools also price single & double rooms the same.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m more concerned that many state schools give zero financial aid to anyone and cost $30-40k/year.

Which state schools?

Since OP is using $90k as the COA number rather than just tuition, if I’m using COA, several state schools cost that for instate.

Which state school costs 90K for instate students?

[Anonymous]

Anonymous wrote:same! State schools should be supported by tax payer dollars and go back to being bare bones amenities wise and be affordable enough that an 18 year old working part time can afford it without loans (waiting tables, etc.. should earn enough money that you can live with roommates and afford tuition) State legislatures cut funding for the university systems in 2008 and never readjusted b/c parents were willing to pay.

I would rather my kid had grody furniture and concrete flooring for 4 years than $1000s of dollars in debt for 30 years. Its good life lesson, you live a lifestyle you can afford and dont go into debt for lifestyle upgrades and you have to hustle to make it. sure it is unfair that some people who are just as deserving as you have more money and luxuries b/c they lucked out on the parental lottery that way but there is no real proven economic system to address that properly. indentured servitude servicing debt for 4 years of undergrad is NOT the answer.

Very, very few people agree with you. Just wait until housing assignments start. People will be miffed that their kid has to share a room or didn't get the fanciest dorm. Most people really want those beautiful dorms, gyms, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m more concerned that many state schools give zero financial aid to anyone and cost $30-40k/year.

Which state schools?

For COA? If you’re instate for the following schools: Pitt, Penn State, Temple, UMass Amherst, Rutgers, URI, UVM, UNH, U of Maine of the top of my head. W&M and UVa if you don’t get FA.

UMass Amherst costs $90K/year? W&M?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t go to a college that costs $90k/year. Or $50k/year.

My kid is in middle school. By the time they apply, instate will be 50k/year

UMD tuition is 11K per year.

Rent is $16k/year with roommates

UMD is about 32K all in if your kid is a Engineering, Business or CS major.

[Anonymous]

Anonymous wrote:At what point will people finally admit college is overpriced and stop paying?

https://www.cbsnews.com/news/ivy-league-tuition-90000-per-year-prices-just-keep-going-up/

And before you try to claim that that is just sticker price and no one actually pays that amount, many families actually do have to pay gargantuan college costs because they make slightly too much to qualify for the bulk of financial aid, yet aren't rich enough to afford it in cash. The ROI is dwindling every single year when much of this knowledge can be learned at community colleges, online for free or for a fraction of the cost, and you can checkout books for free from a local library. The median HHI the US is $71k, yet college fees are now exceeding the entire yearly HHI. Patently absurd. But at least the kids get country club level amenities and tons of admins make 6 figure salaries. Interest rates have been rising due to the central bank, so students taking out loans to pay for this disaster will be kneecapped for even longer. Such a terrible ROI.

None one with 77k HHI will have to pay much at one of these 90K per year colleges. The high tuition is another tax-the-rich policy. High HHI households pay.

[Anonymous]

Anonymous wrote:"But at least the kids get country club level amenities and tons of admins make 6 figure salaries. Interest rates have been rising due to the central bank, so students taking out loans to pay for this disaster will be kneecapped for even longer. Such a terrible ROI."

The most expensive elite schools/most selective schools do not offer country club amenities. I went to HSYP and lived in an actual mobile home village they set up on campus. My frosh dorm was made of cinderblocks and had those windows that swing out as the only source of fresh air. No AC. Very simple cafeteria food.

In the 1600's??

[Anonymous]

Anonymous wrote:

Anonymous wrote:same! State schools should be supported by tax payer dollars and go back to being bare bones amenities wise and be affordable enough that an 18 year old working part time can afford it without loans (waiting tables, etc.. should earn enough money that you can live with roommates and afford tuition) State legislatures cut funding for the university systems in 2008 and never readjusted b/c parents were willing to pay.

I would rather my kid had grody furniture and concrete flooring for 4 years than $1000s of dollars in debt for 30 years. Its good life lesson, you live a lifestyle you can afford and dont go into debt for lifestyle upgrades and you have to hustle to make it. sure it is unfair that some people who are just as deserving as you have more money and luxuries b/c they lucked out on the parental lottery that way but there is no real proven economic system to address that properly. indentured servitude servicing debt for 4 years of undergrad is NOT the answer.

Very, very few people agree with you. Just wait until housing assignments start. People will be miffed that their kid has to share a room or didn't get the fanciest dorm. Most people really want those beautiful dorms, gyms, etc.

^^^^ agree - I have a few neighbors whose kids did not get into UMD brag about the amenities of their kids SEC schools.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don’t go to a college that costs $90k/year. Or $50k/year.

My kid is in middle school. By the time they apply, instate will be 50k/year

UMD tuition is 11K per year.

Rent is $16k/year with roommates

So COA is ~$30K for in state, if you live on/near campus. Kid themselves can earn $10K over a year (PT/breaks/summer). That leaves $20K. Take $5.5K loans, and parents need to come up with ~14-15K. That should be "affordable" to families making $200K+/year.