Reply to I genuinely don't get saving for college for kids

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]A lot of older people like yourself, OP, went to college at a time when education was more generously funded by state government, so the cost to attend a state school was easily afforded by someone with a readily-available summer job. [b]This was typical before Congress and several administrations cut education funding both nationally and at the state level. Governmental funding of graduate education has also been slashed significantly in recent decades.[/b] These expenses have been shifted onto parents of college students and graduate students via federal student loan programs. This has been going on at a steady rate for two decades.

It is also much, much harder for young people to get entry-level jobs than it was twenty years ago. The job I had at 15 is not available to my own 15 year old child due to liability concerns. Many employers also find it cheaper and more convenient to hire workers on visas than teens. Some of these jobs that are not considered a liability risk have opened to teens during the pandemic, when work visas have been restricted, but expect to see that rolled back as soon as the pandemic is over.[/quote]

I don't think this happened.  The changes are at the state level, not federal and much has to do with colleges and universities trying to move up the USN&WR rankings.  That is what has made it so expensive.[/quote]

States absolutely have cut funding to public universities, accelerated by the 2008 financial crisis: https://www.cbpp.org/research/state-budget-and-tax/unkept-promises-state-cuts-to-higher-education-threaten-access-and

"Overall state funding for public two- and four-year colleges in the school year ending in 2018 was more than $7 billion below its 2008 level, after adjusting for inflation."
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