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College and University Discussion
Reply to "Cost of attendance? Wow"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]It's kinda ridiculous that we all have to scrimp and save and live in crappy houses to pay for college -- and then for our kids to do it all over again with their own kids. Scrimp and save and live in crappy houses (even with their great jobs from private educations) because costs are so high. It's just a cycle and it seems to be getting worse that we sacrifice so much to save for college since they are born. [/quote] I so agree with this. What surprises me is that parents aren't more organized. I know there's a "paying for college" Facebook group but I am not aware of an actual lobbying effort to change this. There are solutions, including talking to people like Sen. Patty Murray (appropriations subcommittee + authorizing committee chair), or Approps Chair Rosa DeLauro or Ed/Workforce Chair Bobby Scott about college costs. I personally would like Congress to make the financial aid formula more generous, including by making college more affordable for families with multiple kids now that Congress passed legislation to get rid of the two-kids-in-college discount. I also just this week spoke directly to the president of my alma mater (a private top 25 school), urging him to freeze the costs of attendance and expand financial aid. One person saying this probably doesn't matter but if a group of alums were making donations contingent on improving affordability or parents were putting more pressure on schools or Congress was doing more, maybe we could at least return to the "good old days" of the '90s or '00s (haha) when college was simply too expensive and not exhorbitant and exploitative like it is now. [/quote] Having a formula basically weeds out anyone in the middle and keeps college either for the very rich and very poor. They should charge a fair amount and stop all merit and other aid and only give aid to those truly poor/low income. [b]Families who make $300K a year don't need merit aid.[/b] That would keep costs down.[/quote] Families who make $300K today generally haven't made $300K for years.[/quote] Correct, but when you start making that money, instead of buying a new car, upgrading your house or traveling, you put it away for college and retirement. Simple. That's what we did. IF you choose to upgrade your $600K house to a $1-1.5 million dollar house, and choose not to save, you shouldn't expect hand outs. And, many of those families were making $150K-200K and could very comfortably save. Life is about choices. The privates were never cheap when we went in the 90's and 2000's. The privates we went to were still in the $40K range.[/quote]
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