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College and University Discussion
Reply to "First Six Figure College "
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[quote=Anonymous][quote=Anonymous]I predict the college bubble to about to burst.[/quote] Yes. The problem is that state flagships set a cap. In the old days, when people weren’t too worried about student loans, ordinary people could just take a deep breath and pay full price to go to Smith College. Now, for families not earning more than about $400,000 a year, the idea of paying $400,000 to send a kid to Smith or Amherst, when the University of Indiana might be $240,000 out of state, and an in-state state flagship might be $140,000 all in, seems absurd. The only schools where the idea of actually paying $400,000 seems somewhat reasonable are places like Harvard. I think that means that, to have a hope of survival, most private colleges have to hold the total cost of attendance to less than about $45,000 to $50,000 per year. [/quote]
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