Reply to Top Colleges Are Cheaper Than You Think (Unless You’re Rich)

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[quote=Anonymous]There are a couple of Can We Please Live In the Real World?economic arguments.  I went to Wake Forest back in the early 90s. when tuition was $12,000 a year.  It will be at least five times that when my kids could go.  Here in the real world, cost of living has not increase five fold during that time span, especially when you consider the recession.

Speaking of which, count us among the millions of Americans squeezed by the recession. We had a job loss and took a huge hit on housing value. Now, our salaries looks great on paper. But when we were getting kids out of childcare and were had been working long enough that we were not barely squeaking by when the recession hit. What we are making now is not a reflection of what we were making in 2010.  So no— saving over 18 years was not realistic.

But, I also have policy issues. One of them is that this is helping to drive down the birthdate among the UMC. And our economy depends on the doctors and lawyers and software engineers who actually pay a lot in taxes. And provide services our economy needs.  Birth rates are at a historical low, in part because the next generation of parents does not feel financially able to pay off their student loans and pay for childcare and college. And not having these new workers in the economy makes our social security and Medicare insolvent.

Also, the American Dream is that if you work hard enough and are smart enough, you can become anything. But some of the institutions that do not offer merit aid serve as gatekeepers in a number of professions.  So if you have kids with donut hole parents, or parents who are just unwilling to pay for their education, they are locked out of some schools, and therefore many career opportunities.  There is a huge divide between the rich and everyone else. Kids should be able to believe that if they are talented enough and work hard enough, Yale could happen for them too.

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