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College and University Discussion
Reply to "Donut hole reality "
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[quote=Anonymous][quote=Anonymous]There used to be a belief that higher education was a societal goods that we all had a vested interest in supporting. We believed in social mobility and having an educated populace that could compete with any nation in the world. It is why there was a GI bill, Pell Grants, etc. You can save a lot, but tuition has been going up at a rate much greater than average income. It is more out of reach than it used to be. So people are understandably frustrated. They can’t keep up and they’ve seen higher ed shift from a common good to a luxury good. [/quote] We still believe in higher education. There are still plenty of affordable options. In VA---take VCU/GMU. Both good educations, both under $30K. Both will offer your "high stats student" good merit as well. So let's say your kid gets $5K merit and kid takes the ~$5K in student loans. Now you need to find a way to pay $20K/year. If kid works breaks, summer, and PT during the year (just for minimum wage), kid can bring in $8K. That leaves $12K for the parents to assist with. Most MC families and up can manage that. There are nearly 4K universities in the USA. Most are NOT $85K+. There are plenty that are affordable. So pick on that is affordable to you. you do you---if you have chosen to save more, then more doors are opened for you, if not there are still ones that offer good merit/etc and you can find one that will work for your family. You don't have to go into massive debt to get higher educations. [/quote]
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