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I've edited it down to $25K. I was thinking of 25 year estimates I've read, rather than 10 year estimates. In-state public 4-year tuition averages $9K or so r
by blisterpeanuts 11y ago
I've edited it down to $25K. I was thinking of 25 year estimates I've read, rather than 10 year estimates. In-state public 4-year tuition averages $9K or so right now, plus housing. In ten years this number will likely double or at least grow 150%, if the 5% growth rate continues to hold. If the Fed's monetary policy continues to push up interest rates, though, who knows how much more it might increase during that time.
- crabasa 11y agoWhy did you edit it? The total cost of attending the University of Washington today is $27k. Virginia is $29k. Texas is $26k. If you're child is going to college in 6 years, $40-50k sounds completely possible.
- blisterpeanuts 11y agoCyber Dildonics asked me to back up the $50K figure, and I realized I could not. The current state university tuition rates, from several sources, range from $8K to $14K. $29K is a sobering number - and thus, $50K in 8 years is quite plausible. Let's hope something breaks soon, or it's going to be out of reach of all but the moneyed classes and those willing to indenture themselves to 20 years of debt.
- cableshaft 11y agoIllinois State, a public university (and my alma mater), is currently citing $28k per year for total expenses (including room/board and personal expenses) for someone who lives on campus. Tuition by itself is only $14k, but that's not a student's only expense. 16 years ago, tuition was less than $6k per year. If it matched inflation, tuition should be less than $9k right now. $14k is beyond ridiculous. https://financialaid.illinoisstate.edu/paying/cost/table-group-1.php https://financialaid.illinoisstate.edu/paying/cost/table-gro...