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> Before we start paying for it, we should ask why the costs have increased so dramatically in the last 10 years When I started college in 2000, in-state tuiti
by peckrob 9y ago
> Before we start paying for it, we should ask why the costs have increased so dramatically in the last 10 years
When I started college in 2000, in-state tuition at my alma mater (a major state university) was $3,021 for 2 semesters. I just looked and it's now $10,968 for the same 2 semesters. In 17 years, tuition went up 263%. From what I can tell, inflation over the same period was 42%.
At this rate, I'm scared that I will literally never be able to save enough to put my daughter through college without taking out loans, assuming tuition continues this trend. Something has got to give.
- eli 9y agoYes, it is outpacing even healthcare and child care spending. Definitely beyond inflation.
- Arizhel 9y agoIt seems to me the answer isn't all that difficult: colleges in other countries are much cheaper, or even free. So just move to someplace like Germany.
- kaybe 9y agoIf she's young enough to learn another language well in time, you could consider sending her to Europe. All in all, it's still cheaper and possible to get by with summer jobs and some help from parents.
- madengr 9y agoYes, at KU in 1994 it was a little over $100/credit*Hr. Tutituon was free if you were a TA. I had an RA and TA, so I got paid to go to grad school. Now I have two kids in elementary school, and I'm socking away $2k/month for college savings, wondering if that will be enough. I figure $80k/kid.