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

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[quote=Anonymous]If you look at the numbers in the article, you will see that somebody with a HHI of $50k typically gets charged 12% of their income, while a HHI of $175k gets charged 40%.

40% is drastic.  It means that  the upper middle class needs to start saving once the kid is born, to be able to handle this.  Now, if we were all sentient robots, and always did the right thing, thinking decades in advance, this might work.  But few people have that kind of self control, even people who are in that income bracket.  In practice, it means that HHI around $200k go to state schools, as they can maybe shell out 20% of their income, with some savings.  (and that is if they have 1 kid.  if they have more, then loans are necessary).

I wish the schools would try harder to control costs.  And when you need this kind of self control, it is better to have the government involved (state schools).  We see the state schools rising and the elite private schools falling in the ranking.  This may in part be because they have some price control, opening access to more people.

We have mandatory health insurance.  Maybe we need mandatory child-future savings (which could go towards college, trade school, a house, etc).  This seems necessary to help people have the self control they need.  Of course, as with health care, it will cause the price to sky rocket even more.  Right now, at least the people in the $200k bracket will be strong supporters of strong, less expensive (state) schools, as they have no choice unless they have herculean self control.

It seems sad that launching a kid has become this expensive.  But with such a huge gap between the top and the rest, it is.

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