Reply to Top Colleges Are Cheaper Than You Think (Unless You’re Rich)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We're a two earner house, each making about 100K in the DC area. Modest suburban house,  two cars purchased used. Thrifty but not penny pinching lifestyle. From a paying for college perspective, it almost seems like one of us should quit our job and be a stay at home parent. Am I missing something?[/quote]

Respectfully, yes.  You are in the top 5% of US earners.

https://statisticalatlas.com/United-States/Household-Income

I know you don't feel rich, but you are certainly affluent compared to the other applicants.  These are the raw facts colleges have to deal with.  95% of their prospects earn less than you, and half earn less than 1/4.  Yes it sucks but please tell me how else it could possibly be? [/quote]

The colleges could charge of all us less.  They could charge less to the poor and to the rich.  I'd be happy if the poor paid nothing if I could pay only $30k/year.  We could all win if colleges lowered tuition, and went back to their core mission, like they did in the 60s.[/quote]

Which colleges could charge less?  Public or privates?

And what would change related to the core mission you refer to?[/quote][/quote]

The privates.  I'd love to see a detailed budget for a private.  Also, I looked on the web for UMD's budget, but they carefully lump things into categories that makes it hard to figure out how much is being spent on teaching faculty, how much on grounds, how much on administrators, ...  they make sure we can not really see the numbers that would upset us.
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I think we all agree it is too expensive overall, but why not attend public colleges then?  Private colleges can do whatever they want, and many could charge way more if they wanted and still fill the class.[/quote]

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