Reply to As schools near $100K/year when will that affect the pool of students?

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[quote=Anonymous][quote=Anonymous]There are cheap schools out there, but they tend to be much more spartan. Students usually want the full four-to-six year cruise experience and... well, there's a reason that credit card companies really want students as clients.

New College Franklin (very small, classical Christian liberal arts): $12,500

Deep Springs (very small two-year elite): $0

Webb Institute (very small, elite naval engineering): ~$16,000

Williamson (three-year vocational, for low income): $0

Berea (for low income, Christian work college): $11,000-ish COA or lower
 
Apprentice School (vocational + engineering): Negative tuition. They pay you, but you are building ships for the Navy.

College of the Ozarks (Christian, conservative work college): ~$15,000 COA

Colleges that use English for instruction in Puerto Rico. e.g. Interamerican's program ($20,000, room+ board).

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There are plenty of affordable schools that are still great schools----you don't have to dredge the bottom of "colleges" to do this.  Plenty that are $25-30K all in, including living on campus with a meal plan.  And in reality if your kid is a top student, they will get some merit at many of these public schools.  Other option is to find private schools that give good merit---many $60K schools end up being only $30-35K or less for top students---just look a tier below (you are not going to a T25 school).  Student earns $10K/year that brings cost to $20K.  $5K in student loans (max of 27K over 4 years----reasonably affordable for most kids to pay off over 8-10 years) That leaves $15K/year for the parent to help pay.  Doable for many families.  Or take $60K in PPL for the 4 years and then pay those off.  But there is absolutely no need to take 200-300K in PPL for undergrad.  And if you do, then that's on you and you should pay them off without any assistance, you are a 40-50yo grown ass adult and you signed the loan, so you have to live with it, even if it means you can't retire until 70. Any parent should be able to figure out this is not a smart plan. [/quote]

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