Reply to Top Colleges Are Cheaper Than You Think (Unless You’re Rich)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sorry. Forgot to add their basic premise:

Middle-class families pay a higher price, but nothing like the list price. Only affluent families pay something close to the list price. It’s true that many of these families don’t think of themselves as affluent. But they are – part of roughly the country’s richest 10 percent, with an annual income of at least $175,000 and a net worth of a half-million dollars or more. For them, a college bill approaching $70,000 can be decidedly unpleasant, yet it doesn’t reorder their lives.[/quote]

I am not following your logic. If we earn 175K per year, after around 45K in taxes( not including health insurance, etc...) we end up with 10, 11K per month. If for 10 months we are paying 7K in college tuition and costs, [b]how does that not completely reorder our lives?[/b][/quote]

It does.  But DC;s school thinks we're rich because of our 401K and home equity, neither of which you can actually spend on tuition.[/quote]

There are so many schools in the US. You have to decide if you want to buy something on credit and if it is worth it. You can pick a school that costs less. It may have less “prestige” but that is the choice. Like choosing to buy a Honda vs a Mercedes. Buy what you can afford.

What needs to happen is for the loans to come from the universities with the graduates paying back from their future salaries - this will keep the costs down, the colleges will ensure the kids graduate w a job, etc[/quote]

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