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Reply to "Is it responsible to spend 90K/yr in education?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It is incredible how expensive college is in this country. Even if you are a multi millionaire and money is not an issue, we should not normalize $100k/year for a college education.[/quote] It's not normal. It's elite luxury. Community college, state university, and private means-based pricing all cost far less than $100k/yr It only costs $100k/yr if you are so rich you can easily afford it, or if you are upper middle class and are paying extra to try to fool people into thinking your kid is smarter than they are at a reach college where they are below average. [/quote] Private college did not used to be an elite luxury. Tuition was a few thousand dollars a year in the 60s. It was accessible for my middle class grandparents to send my mom and uncle with proper saving. Compare the cost of annual tuition to average salary back then versus now and you can see how tuition inflation has severely outpaced wages. [/quote]
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