Reply to Is U Michigan OOS worth $400K?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is any college education worth $400k?

Note: I can report that the tuition is just a part of it. We are spending a small fortune on off-campus housing, food, (ahem) entertainment, etc. in a supposedly affordable area…it’s obscene.

I wonder if the money would have been better spent on investments to supplement my kid’s future earnings following a less expensive college path (eg, community college followed by in-state flagship). [/quote]

Currently Michigan costs about 346K for 4 years.  Not 400K

FACT[/quote]

I am currently spending $1,100/month on off campus housing—plus utilities—and the lease is for 12 months. FACT

Food, gas, and entertainment (think: restaurants, bars, clubs, sporting events, concerts, and random travel) add up. FACT

Travel to/from home when students are apt to travel is pricey. FACT

It all costs a small fortune times 4 years, and it’s all on top of the tuition. FACT

Plus, as the schools continue to plug holes left by the administration’s cuts to research, tuition will undoubtedly jump. [/quote]

Not PP but the estimated $346k COA includes $1,354 in estimated living expenses (over 12 months), plus $400 per year for transportation and another $2,372 per year for miscellaneous personal expenses. You might be paying more but it isn’t as if the COA numbers don’t try to capture this.[/quote]

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