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College and University Discussion
Reply to "Just calculated projected college costs for my kid and almost vomited"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That seems awfully high. The most expensive colleges we’ve seen are $70K a year so $280 for four years currently. Even 15 years out that seems high. [/quote] OP here. I was surprised too, but that's what Vanguard said. [b]I agree with the PP who said it's unacceptable[/b]. I struggle to imagine more than a small handful of families who can pay today's tuition without struggling, much less the projected tuition costs 15 years out. Something has a give at some point.[/quote] It's always unacceptable when it's your turn to pay. But it is what it is. This is why so many families struggle, even now. [/quote] THe issue isn't that it's expensive but that it's not worth it. If you can make 70 k a year as a plumber, OR borrow 300K in order to get a job as a teacher which pays 40K, then there is absolutely no point in paying this outrageous sum of money for college. When I went to a private college years ago, it was 20K a year and I was offered a job with a starting salary of 30K. My daughter was ALSO offered a starting salary of 30K last year after graduating from a college which cost nearly twice that per year. THe ratio is all messed up. THe problem her is that wages haven't risen nearly as fast as college prices, either for the people getting the college educaiton or for the parents paying for it.[/quote]
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