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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The cost of college goes up a lot every year. [/quote]

It has to stop at a point because more and more people will default on student loans.  Student loans are what allowed the cost to increase so much anyway. [/quote]

Not really, for 2 reasons:

1. Plenty of international students willing to pay full price for the prestige. Last year, there were 600,000 students from China studying in the US for example.

2. Over half of US students receive some form of financial aid at most universities (int'l students are usually ineligible for most aid). So if tuition is $100k/year, only those in upper middle class and higher end up paying full price. Anyone making less than that will get some kind of price break or aid.

Yes, the system is messed up. Even worse is how the increased tuition isn't necessarily going to pay for more professors or instructional materials, but rather on new student centers, dorms, and athletic fields. I'm a donor to my top-25 university and I make sure the funds go to a specific program just for educational purposes.[/quote]

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