Reply to As tuition continues to climb in price = easier to get into?

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[quote=Anonymous]No one here is arguing that $250K is middle class. They're saying that even that crazy high income is not enough to pay $60k/year/kid out of pocket. Now if you've been making $250K consistently since your 18yo was an infant and also correctly predicted the cost of college 18 years in the future, then maybe you've got $240K saved up per kid. Otherwise, even though you're in the top 5% of HHI, it will still be tight for you.

This state of affairs is completely insane and the culprit is obviously the student loan system combined with exploding administrative budgets. The administrator grift has been working til now because there can be no secure middle class life without a college degree, but now stagnant wage growth + skyrocketing tuition is making the grift unsustainable. I have no idea how this can be fixed but something clearly has to give.

I'm sure someone's going to respond to this post telling me how they saved $500K per kid on a HHI of $50K all by careful budgeting and prioritizing. Or saying "just go to a state school!!11" as if those are much cheaper these days. Or that "you can make a great living in the trades if you're not too snobby to get your hands dirty!!1" That's not the point. The point is that under no circumstances should any college degree cost as much as a freaking house.[/quote]

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