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College and University Discussion
Reply to "My son applied to college without any assistance whatsoever. AMA"
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[quote=Anonymous]I'm one of those who drove myself to four local colleges, slapped together an essay and got a $30 check from my mom and mailed it in and got in to the four colleges I applied to. Here's the difference: my parents weren't looking at laying out for the cost of a small house. I had grants, loans and fortunately the loans for both undergrad and law school were minimal and finally paid of @ age 35. It was nothing like the costs we are looking at today. NYU broke the $72K a year barrier last year and now all the other LACs and Universities think they can follow suit. Unfortunately, a Cadillac is not the same as an old Dodge but so long as LACs and OSS universities think they can charge $60K+ a year (all included), they will. The international students would kill for slots here in the U.S. IF DC gets into an Ivy, then there is little to not merit aid, and we know that. Considering travel costs and other expenditures let's just say that is 75K a year x 4 (but half of USA students take longer than four years to graduate now). That's a total cost of $300 = small house. And that's in after-tax dollars so we have to go make $600K to pay for four or five years. Meanwhile we have two other kids in college. And our parents are getting frail so we are facing nursing homes and our own retirement is on permanent hold. So, yes, we parents are far more involved than my parents were. [/quote]
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