Reply to As schools near $100K/year when will that affect the pool of students?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just read on another post that someone is paying $95K/year for USC. 
Several kids from my kids' schools are starting there this fall.
 
I know most on DCUM can pony up $400K for 4 years but how many people like this are really out there?
I also know these schools have 40% (or whatnot) that pay $0/year. 
[b]At what point will the price of some of these schools begin to effect the size of their applicant pool?[/b][b]
Either because people don't have the cash or say "that is insane--screw it". [/quote]

When you’re no longer allowed to take out Parent Plus Loans up to the cost of attendance. NYU & USC [/b]graduates [b]are #1 for PPL debt.[/quote]

But PPL money us owed by the parents, not the graduate[/quote]

It’s practically unlimited. The gov will give someone who takes out PPLs whatever the school’s published COA is. The school can decide it’s going to have a COA of $250,000/year (and actually USC’s dental program isn’t far from that, although I’m talking about undergrad), and the govt will give the school $250,000/year on behalf of the student. The govt has no hard cap on what they’ll give out in PPLs, except a particular school’s exorbitant, perpetually increasing COA.

Also, private loans, on the other hand, are taken out in the student’s name with a co-signer. Same idea with no hard cap on COA by lenders.

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