8 ms·
That's much better than I expected. That being said, outside of a handful of extremely rich universities (and we are really talking a handful or two), most tend
by Cacti 11y ago
That's much better than I expected. That being said, outside of a handful of extremely rich universities (and we are really talking a handful or two), most tend to "tax" the middle class more than anyone.
I mean... I'm not sure if I'd consider 150k for a household middle class (probably upper middle) but in most places, again, with a few exceptions, you're basically required to pay the full tuition. In cash. After taxes. $50k a year. It's an astronomical sum for just about anyone. And these are not terrible schools, we're talking some of the top universities in the world here, sitting on tons of money.
I mean, I know the gutting of the middle class is hardly news but, phew. Education costs really take it to another level.
- ams6110 11y agoTuition is tax deductible, you can also save for it tax-free (529 plans). If a family of 4 cannot save for college on $150K a year their priorities are out of balance. My parents did it and they never made half that. Put my brother and I through college with no financial aid. In-state, but still....
- Cacti 11y ago> My parents did it and they never made half that. Put my brother and I through college with no financial aid. In-state, but still.... I don't necessarily disagree but what time frame are we talking about? Because even 10 years ago state was massively cheaper than private, particularly the upper private schools. If your parents made 70k and put you two through state, I'd assume they either saved an incredible amount or were paying somewhere around 10k/year. Perhaps I'm wrong, just guessing. But I think you can do the math on 10k expense on 70k income versus 50k expense versus 150k income (as incomes haven't improved in a very long time).