Anonymous wrote:Our current tuition is 57k. Assuming a 4% tuition increase per year, it will cost $75k a year in just tuition by 2032.
How is this sustainable for the vast majority of people??
Anonymous wrote:Correct, that's how pricing changes over time. I also was able to buy a can of soda for 50-60 cents when I was in middle school, and it's now 3-4 times as much – so that's pretty in line with NCS going from $20K to $60K. (The 4% increase isn't that bad, considering inflation was around 8% in 2022 ...)
Anonymous wrote:Our current tuition is 57k. Assuming a 4% tuition increase per year, it will cost $75k a year in just tuition by 2032.
How is this sustainable for the vast majority of people??
Anonymous wrote:Anonymous wrote:OP,
Given how surprised you are by this very predictable progression, I hope you're preparing for the cost of college, because that has been outpacing inflation for the past decades as well.
My son's private uni is more than 85K a year, total cost of attendance (room board tuition, etc). We pay 65K a year because he got merit aid. In order to afford any college my children might want, we moved to live in-bounds for a great public school. The costs are rising every year...
College is different though. This is people paying $75k a year for elementary. Just seems wildly unsustainable.
Anonymous wrote:OP,
Given how surprised you are by this very predictable progression, I hope you're preparing for the cost of college, because that has been outpacing inflation for the past decades as well.
My son's private uni is more than 85K a year, total cost of attendance (room board tuition, etc). We pay 65K a year because he got merit aid. In order to afford any college my children might want, we moved to live in-bounds for a great public school. The costs are rising every year...