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]People are stupid.

Make your kid go into massive debt for a dumb university education with now questionable ROI at these prices.[/quote]

And there is NO need to go into major debt.  Find a place you can afford with at most the $27K in student loans, then do your best, shine and get your degree.

[/quote]

Sometimes the only way to do that is community college or taking more than 4 years to graduate. [/quote]

Most states have schools that are ~$25-30K all in.  Most state schools only require students to live on campus for freshman year (if that), so you can save big $$ by living off campus and getting off the meal plan after first year (typically saving $3-4K off that cost).  If you live in a state where min-wage is $12+ your kid can earn $10K easily in summers and breaks and another $3-4K working 8-10hrs/week during the school year.  So there is $14K and $5K for student loan.  We are now at $19K.   Hopefully the parents can assist with the other $6-11K.  
Or the kid works summers in HS and similarly can save $10K/year towards college (so at $20K before they go).

So if a donut hole family, I would hope they can manage $6-10K for college if they make $200K+ (or they have a bit saved).  If not donut hole, then the kid should qualify for some aid.

And there is nothing wrong with CC.  If you know college will be a financial strain, then do dual entry in HS and get your AA for free with your HS diploma.  Then you will only need 2-3 years in college (I say 3 because for engineering and some stem majors, the AA is not really 2 years shaved off due to the amount of courses in the major).

But I'd argue that path is much better than going somewhere and taking out $40K in PPL for each year.  That is not a smart path for anyone.  [/quote]

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