interesting article in Slate: massive student loans/debt and the role of the parents

[Anonymous]

I don't get it. Is $30,200/year your idea of a good deal?


If the goal is an education at a private SLAC, yes, that is a good deal. And that was our goal.

+1 Exactly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The point of the article is that college costs way too much and do not take out excessive loans. I just look up a few colleges for cost of attendance.

Georgetown- $67,000
UCLA- $56,000 (oos)
Michigan - $57,000 (oos)
Brown- $64,000

Ouch!

My kid's cost of attendance would have been, with the merit aid he was offered:


Kalamazoo - $32,400/year
Wooster - $33,200/year
Allegheny - $30,300/year
Juniata - $26,800/year

He attends another (excellent) school now, where he is very happy. It costs (with merit aid) $30,200/year this year.

Get over your fixation on name brands and the world opens up.

I don't get it. Is $30,200/year your idea of a good deal?

If the goal is an education at a private SLAC, yes, that is a good deal. And that was our goal.

+1. Also, for us we were comparing to what we would pay in-state. My kid who got lots of merit aid offers from some of the private SLACs listed in the longer lists above was also admitted to W&M (which costs $30,350). So, yes, we thought paying less than that for the SLAC DC wanted was a very good deal.