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Reply to "I’m told I need to INVEST $259k over 18 years "
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[quote=Anonymous][quote=Anonymous]For all the naysayers, Vanguard’s college cost calculator, I call it the “dream destroyer....” https://vanguard.wealthmsi.com/collcost.php [/quote] The calculator uses a 5% annual increase in costs. Obviously no one knows for sure, but what do people think the annual increase will be for the next 15 years or so? Let's say for this is for the three main state schools in MD and VA: UVA, UMD, and VaTech. I know that 5% is a good estimate based on the past, but what effect, if any, will be student loan crisis have on tuition increases in the future? I think it could have SOME political effect that would cause politicians to try to slow down the cost increases at state schools.[/quote]
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