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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most of the people I know didn't have loans.[/quote]

Are most of the people you know from very upper class families?[/quote]

No, it was just cheaper back then. But now that I think about it, I know people who had grad school loans.[/quote]

I don't know a single person who didn't have undergrad loans who wasn't very wealthy. (class of '89)[/quote]

Considering college was cheaper back then, this exemplifies why the pressure for middle class to pay all of it is becoming unrealistic. There was a separate thread about saving $1M(!!!!).

Only the very wealthy can do that, or perhaps middle class who essentially live poorly and/or have some form of generational wealth (like didn't have loans, unexpected inheritance, etc.) to help them in that pursuit.[/quote]

https://www.forbes.com/sites/eriksherman/2023/07/23/1982-the-last-time-college-costs-kept-pace-with-median-income/?sh=12883cc9349f
College was not that much cheaper given incomes and inflation.  A private was still $40-50k 30 years ago. [/quote]

No. Places like Richmond and Wake Forest were 20-25k tuition 30 years ago. [/quote]

+1, my small private liberal arts college was $20-25k in the late 90s/early 00s, currently over $70k all in now.[/quote]

Yep.

[img]https://scontent-bos5-1.xx.fbcdn.net/v/t39.30808-6/424550620_10161401349964798_3322123736253914307_n.jpg?_nc_cat=101&ccb=1-7&_nc_sid=5f2048&_nc_ohc=CAZGG06B9M8Q7kNvgE28sLP&_nc_ht=scontent-bos5-1.xx&oh=00_AfCeIb2teV11iXGDSm0Z-pC15ZlDbBOo4hAwwEwylc_Bww&oe=663B36D8[/img]

1982: The Last Time College Costs Kept Pace With Median Income

[img]https://imageio.forbes.com/specials-images/imageserve/64e66d512a7fa1eff14af6bd/Tuition--fees--and-dorm-expenses-have-long-passed-income-growth-/960x0.png?format=png&width=1440[/img]

[i]For all the arguments that many people make about the value of a college education — considering only income after, so reducing it to an expensive trade school (and not slight meant to the trade schools, as they fulfill an important function) — there comes a point where a vast swath of the country can no longer afford to have kids in school, or to pay for their own university degree.[/i]

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