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Reply to "Speculate please - cost of college 18 years from now"
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[quote=Anonymous]I went to a private college in Boston with financial aid and loans (I was poor but the loans were reasonable) 25 years ago. Now my dc wants to go to the same college in Boston (now I am upper middle class) This college costs almost $60,000 a year. There is no way we can pay $240,000 for an undergraduate education. I told my dc the better option is to go to our state school and save money for your life where you choose to live after you graduate. Perhaps Boston if you can find a job- because an apartment in the city will cost a lot too. Students and parents can not be saddled with debt from college. Parents will have retirement/ aging issues/ high health care costs around the corner and students face a tough job market with a future of high housing costs. Student debt will hurt everyone.[/quote]
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