Reply to UMD system faces 500M budget shortfall in 2021

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We knew this was coming. It’s why we prepaid for 4 years of tuition in August for our baby. Universities - public and private - will pass on the costs of COVID onto the students/families rather than tightening the belts. The burden will fall mostly on young people, which is sad but entirely predictable.

We paid $47K out of pocket last month. In 18 years, I can easily see[b] UMD costing $80K for four years at in-state tuition rates.[/b][/quote]

zero chance any governor would let that happen[/quote]

Sorry, I should have been clearer. $20K per year, for a total of $80K for a four year education in 2038.

UMD is currently around $11.5K. No way in hell it remains that low. Rate of tuition increases at UMD has been fairly low compared to other public systems.[/quote]

I guess screw kids whose parents didn’t do a prepaid! (I did)[/quote]

The jury is still out on whether prepaid is a better investment than the 529. Check back 18 years to see whether tuition inflation was more or less than investment gains.[/quote]

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