Reply to Is U Michigan OOS worth $400K?

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[quote=Anonymous][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]

Housing and incidentals are an included cost in the $360k. Flights aren’t that expensive and my kid drove junior and senior year and paid for $100 in gas. Please refer to the UM website for OOS that a pp posted. [/quote]

Do you have kids away at college, and are they living off campus?

The estimated costs provided by the school for off campus living expenses are lower than what you will end up paying. I have two kids away at college and the rentals are ridiculously overpriced, utilities aren’t included, nobody ever gets the deposit back, and food/beer/whatever is pricey. [/quote]

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