Reply to making $250-$400K in NW DC and paying for college out of Wilson High school or similar

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Reply to "making $250-$400K in NW DC and paying for college out of Wilson High school or similar"

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[quote=Anonymous][quote=Anonymous][b]OP, this is no different than it's ever been.[/b] I had acceptances from Princeton and Dartmouth (mid-90s) and went to a teens-ranked school instead with a bunch of merit aid. It was a dream experience for me AND my family came out financially ahead. [/quote]

Actually, it is dramatically different from how it used to be.  When I graduated from high school in 1979, my expensive private SLAC cost about $8K the first year for tuition, room and board.  The same school costs $67K now.  I saved about $2K from working that summer, which I handed to my parents towards the expense.  They paid the rest from the family income.

Proportionally speaking, a student at the same school now would have to hand her parents about $15K from summer earnings to help reduce the cost.  And the parents' portion would eat up much more of their HHI today than it would have in 1979.

Similarly, at that time a student attending an in-state public school could pay his/her own way by working a minimum-wage job part-time.  This is no longer possible.

The costs of higher education are nothing like what they were decades ago.[/quote]

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