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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most of the people I know didn't have loans.[/quote]

Are most of the people you know from very upper class families?[/quote]

No, it was just cheaper back then. But now that I think about it, I know people who had grad school loans.[/quote]

I don't know a single person who didn't have undergrad loans who wasn't very wealthy. (class of '89)[/quote]

Considering college was cheaper back then, this exemplifies why the pressure for middle class to pay all of it is becoming unrealistic. There was a separate thread about saving $1M(!!!!).

Only the very wealthy can do that, or perhaps middle class who essentially live poorly and/or have some form of generational wealth (like didn't have loans, unexpected inheritance, etc.) to help them in that pursuit.[/quote]

College was not that much cheaper given incomes and inflation.  A private was still $40-50k 30 years ago. [/quote]

College was absolutely cheaper back then...in 1950 Harvard was $625/year and around $1,000/year including room and board and the median HHI was $3,100.

In 1990, Harvard total cost of attendance was $19,395 and median HHI was $50,000.

Today, Harvard total cost of attendance is $83,538 and median HHI is $75,000/

So, Harvard went from 32% to 39% to 111% of HHI over those time periods.[/quote]

University of MD total COA in 1990 for in-state was $6,500, so, 13% of HHI.  Current in-state total COA is $29,637, so 40% of HHI.

Perhaps the bigger issue is just how little median HHI has increased since 1990.[/quote]

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