Reply to I’m told I need to INVEST $259k over 18 years

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[quote=Anonymous][quote=Anonymous]Though student loans and cost of college are an issue, I think this thread is overblown.  Cost of college has outpaced inflation (which has been unusually low in recent decade/s), but it hasn't outpaced appreciation if you invest in stocks.  [b]Also, the rate of undergraduate tuition increase has slowed in the last few years and at many institutions over 80% of students receive financial aid even in UMC families.[/b] Private schools award a lot of grants/scholarships--not all need-based.[/quote]

I think there's a perfect storm brewing.

Fewer college aged students + many parents who are just realizing we haven't saved enough for our own retirement (yeah, not here on DCUM but in the real world, lots of us just haven't) + reluctance to let our kids accumulate much debt for college + availability of lower cost courses via community college/online courses = fare fewer people willing to pay inflated prices for private school tuition.

The average cost for room and board at a private 4 year school is something like $12,000 yearly.  $1,000 a month for room and food for ONE person, living in a dorm with perhaps 3 other kids in a suite?   This is ridiculously overpriced.  Students  should be able to live in a dorm for less than $800 a month and should be able to eat for less than $200 a month. [/quote]

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