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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's scandalous what's happened to tuition, but people shouldn't be surprised because this is the way it's been heading for years. This is what income inequality looks like. Did you know there are actually a lot of people out there who really can write a check for $65k without batting an eye? Many of them in this area have been writing checks for $35k for 13 years for private school already. And if universities run out of these full-pay parents, they can and do import the wealthiest kids from China to fill the rest of the spots. The world has changed, and our kids probably won't go to the caliber of schools that we went to, because it's so much more expensive now and, paradoxically, much more challenging to get in now as well.[/quote]

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]

We pay for our DD because we can afford. [b]  If people carefully planned when their kid(s) are young, most people in this area can afford the $65K per year[/b].[/quote]

This is just patently not true. The median income in the country is close to 65k a year. Schools like NYU are now up to 72k.[/quote]
And with that income, the most expensive schools will cost significantly less than that...even free, in the cases of Harvard, Yale, Princeton, etc. Surely you understand that?[/quote]

So for the select few, going to Ivy League schools is a good idea. But what about the masses who couldn't save that kind of money even if they tried?[/quote]

http://www.usnews.com/education/best-colleges/paying-for-college/articles/2015/09/14/colleges-that-report-meeting-full-financial-need

At an income of $65K your EFC will be about $8000/year.  [b]That means that if you go to a school that meets 100% demonstrated need (see list)[/b] you will pay $8000 a year  of what the school's sticker price is. [/quote]

That isn't many schools.  Be realistic.  Very few students will be accepted into these schools.  [/quote]

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