First Six Figure College

[Anonymous]

First college to break the $100,000 a year mark.

https://apple.news/AYxhpUEC_SsmPCqbM3-26cQ

[Anonymous]

Doesn’t open.

[Anonymous]

It opened for me. It speculates that University of Chicago will be first to hit $100,000+.

[Anonymous]

Anonymous wrote:Doesn’t open.

Same. Says I have to reinstall my news app.

Regardless, I’d rather support my child in opening their own landscaping company than pay $400k on a degree. We’ve got 2 kids, so that would actually be $800k. Never going to happen

[Anonymous]

Thread title makes it sound as if it's already happened. A speculation article is clickbait. 80 is still a ways from 100.

[Anonymous]

And that’s the sticker price. We all know that many people get merit money and financial aid.

[Anonymous]

The articles says 42 percent of the university’s 6,300 or so undergraduates paid the sticker price in the 2016–17 school year, according to the most recent available net-cost data.

This is depressing. If you want your kids to have a college with small, challenging classes, it feels like your options are limited if you're among those who aren't considered financially needy but don't have more than $1 million for three kids' education. Even if we could come up with that amount of money, it seems like a ripoff.

[Anonymous]

Wonder if they will be right or the bubble-bursting articles will be right. It's scary having younger kids right now.

[Anonymous]

It’s only a matter f time. Many more families with money to VERY HAPPILY pay for top and trendy schools than spots. I believe top 30 or so could go well over 100k and still fill the class. School that are favored by the top 1% do not have declining enrollment or applications. Those schools will still make their socio economic diversity goals through generous financial aid.

[Anonymous]

I predict the college bubble to about to burst.

[Anonymous]

Anonymous wrote:The articles says 42 percent of the university’s 6,300 or so undergraduates paid the sticker price in the 2016–17 school year, according to the most recent available net-cost data.

This is depressing. If you want your kids to have a college with small, challenging classes, it feels like your options are limited if you're among those who aren't considered financially needy but don't have more than $1 million for three kids' education. Even if we could come up with that amount of money, it seems like a ripoff.

That’s why having a lot of kids is a status symbol. It means you have very deep pockets to pay for the private school/ house in a top school district , vacations, camps, colleges, weddings and help for first homes and grands.

[Anonymous]

Anonymous wrote:I predict the college bubble to about to burst.

Only for the middle class. The poor and the rich are not effected and that is the primary consumer for top universities that might be able to command 100k.

[Anonymous]

Anonymous wrote:It’s only a matter f time. Many more families with money to VERY HAPPILY pay for top and trendy schools than spots. I believe top 30 or so could go well over 100k and still fill the class. School that are favored by the top 1% do not have declining enrollment or applications. Those schools will still make their socio economic diversity goals through generous financial aid.

Smaller expensive colleges are showing warning signs of struggling to attract full pay students, especially outside the top 20 or so LACs. I would think the more the tuition goes up, the smaller the pool for full freight is.

However you slice it, 400k for a BA is astounding. I graduated at a time when tuition at expensive schools topped at 30k, so 120k for a BA. Compare it to buying a house. It was probably half the value of a decently nice house in a mid tier city circa 2000 (going for 250k on average). Today that house might go for 400k so the BA is the equivalent of a house. That shows you the inflation in higher education.

[Anonymous]

I was looking at my prep school alma matter’s matriculation list for the 2019 class. A lot of kids going to the top public school in the state, and now the second best one in the state (which used to never happen), and out of state publics. Besides schools like UChicago, it will difficult to find many full pay students for 100k college. At 400k, you could buy a home in the nicest school district in my midwestern home state.

[Anonymous]

How is this a surprise? Expensive colleges are only for the rich and poor. If you are neither, then start saving at birth if you want your child to go or hope they get aid. Or, settle for a state or more affordable school like the rest of us.