Reply to When will the cost of college flatten out?

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[quote=Anonymous][quote=Anonymous]I think about this a lot. I have a 6 yr old and based on current trends, a single year at a good-not-great in-state university could cost over 50k by the time he's in college. Potentially more.

One thing we think about is that since we have only one child (a choice we made in part due to the cost of college), we can save pretty well for his college despite not having a huge income (HHI 140k). But it's hard to keep up with those costs, and while our income could go up some int he next few years, it's not going to go that much higher.

All of which is to say: it sometimes feels like saving for college at our income in futile, because no matter how much we save it won't be enough, but college will take every penny of it. So say we really scrimp and save and have 120k in the 529 by the time he goes to college. They'll take every bit of that and we'll still need more on top of that. All that sacrifice and then *poof* it's gone and the hand is still out for more. And this is for something our child will need to WORK for. We're not even buying a degree, just an opportunity. No guarantees.

It doesn't make sense. [/quote]

It is already 50k. Decent colleges, NYU, Columbia, Fordham, Georgetown are already pushing 100k.

If you kid is 6 you need 100k per year for a crap school [/quote]

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