Reply to WaPo feature on bad economic outlook for colleges

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[quote=Anonymous]I haven't read the above links, but do they mention anything about online degrees?

I've been taking online courses for my second masters after having received 2 degrees in selective college/universities and I have to say that the quality of instruction is getting better and better.

I think we are approaching a perfect storm situation where parents are simply not willing to pay as much as they used to and not willing to let students go into debt for this college experience.   There are a whole bunch of us who just don't have enough retirement saved. We are also concerned about future health care and long term care costs or we are having to help our own parents in retirement.

I know most of you on DCUM have been fully funding your retirements to the hilt, but that doesn't describe a lot of the general population.  We maybe are still paying off our OWN college loans or only just finished paying them; we are looking at our savings and realizing we just don't have very much.   There's NO WAY we are willing to spend or borrow from our HELOC or our 401Ks as so many did in the past; or to take on any debt for our kids' education.

Which means our expectations are dropping and we are OK looking into much cheaper options.  Right as online schooling has gotten more acceptable.   I think over the next decade college education is going to change, and the change will happen very fast.[/quote]

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