Reply to What did you pay last year (tuition+living) for DC college?

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[quote=Anonymous][quote=Anonymous]

I am shocked by the pricetag of private colleges. The price went up outrageously, far, far faster than inflation, because of the availability of student loans. It's fine for the very poor, who will get financial aid, and for the very wealthy, who won't notice the $65K tuition. But for people in the middle, it's a disaster. I've told my kids we will not borrow to send them to college, nor will we allow them to borrow.

More kids are going to in-state schools purely because of cost. I know three excellent students from DD's class who chose public colleges over privates (Haverford, Tufts, NYU) purely because of price. The private schools are likely better, but they are not worth the $160,000 difference in price. They are not that much better.

We pay $18K for DD. She got scholarships that cut the price. It's affordable to us, but $65K is absolutely out of the question. Crazy that people will continue to pay, but they do....

[/quote]

I agree.  I think public flagships all around the country are getting much more competitive as a result.  I went to a highly ranked school back in the day.  I was an excellent student, but not outstanding enough to be admitted today.[/quote]

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