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Is it? I graduated two years ago, and this is of course anecdotal, but the only kids I knew that actually got their tuition paid for had trust funds, didn't pay

Is it? I graduated two years ago, and this is of course anecdotal, but the only kids I knew that actually got their tuition paid for had trust funds, didn't pay for anything themselves, and had never held any kind of job. How do you imagine you're going to be able to even as a likely relatively well-paid individual, if tuition rates keep climbing?

JabavuAdams 12y ago
I'm in Canada. When I went to University 1991-1996, tuition + books + etc., but not board at a top Canadian engineering school was $2500 per year. These days it's about $14500. My wife and I currently pay about $25000 / year for daycare for two kids. Can't save too long for daycare, but can for Uni. We have minimal debt, and the house will be paid off by the time the kids go to University. EDIT> Daycare is as expensive as University. I did not anticipate this.
- vlasev 12y ago
  > $14500 This seems rather steep and definitely not the norm at Canadian universities. Take a look for example at UBC [1]. It's about 2-3 more than the actual number for most programs for domestic students. And also rather low for international students. It's similar for U of T [2] and McGill [3]. > $25000/year for daycare for two kids Wow more than a 1000 dollars per kid? That's quite a bit. Is that typical? [1]: http://students.ubc.ca/enrolment/finances/tuition/undergraduate-tuition-fees http://students.ubc.ca/enrolment/finances/tuition/undergradu... [2]: http://www.adm.utoronto.ca/cost-of-university/ http://www.adm.utoronto.ca/cost-of-university/ [3]: http://www.mcgill.ca/student-accounts/tuition-charges/fallwinter-term-tuition-and-fees/undergraduate-fees http://www.mcgill.ca/student-accounts/tuition-charges/fallwi...
  - JabavuAdams 12y ago
    University of Toronto, Engineering Science Winter 2014-2015: http://www.fees.utoronto.ca/Assets/Student+Accounts+Digital+Assets/14+15+Schedules/14+15+APSC+dom.pdf http://www.fees.utoronto.ca/Assets/Student+Accounts+Digital+... EDIT> And Waterloo (see CS and Systems Engineering): https://uwaterloo.ca/find-out-more/financing/fees https://uwaterloo.ca/find-out-more/financing/fees I was referring to top engineering programs that are competitive with top US engineering and CS schools. EDIT2> I doubt that the daycare rate is typical, in general, but it's typical for the area of Toronto that we live in. Overall, though, daycare is very expensive.
    - hiyou102 12y ago
      I'm pretty sure UBC is pretty competitive, at least from a rankings perspective. It's just one of the few schools that has a cheap engineering program.
  - radicalbyte 12y ago
    >> $25000/year for daycare for two kids > Wow more than a 1000 dollars per kid? > That's quite a bit. > Is that typical? It's cheap. We pay 700 EUR/month for 2 days/week daycare for one child here in The Netherlands.
    - zo1 12y ago
      $200/month for 5 days/week daycare for one child... Here in South Africa. I'd chalk it up to "cost of living" differences, but I'd say there is a whole lot more to it. Certifications, licenses, insurance, minimum wages. All these things affect the price, so we can't entirely compare the prices as apples to apples.
      - radicalbyte 12y ago
        South Africa's a strange comparison: labour utilization there is low and the gap between poor and middle class is large. If I was to live there I'd pay much more in healthcare, but housing, childcare and laborer is really cheap. (source: family who live there).
    - briandear 12y ago
      In France we pay about zero per month for three kids.
      - radicalbyte 12y ago
        Wow. Is the subsidy available to all or is it salary-based? The government here removed the subsidy here for higher incomes (~$100k+ year combined). What they didn't remove was the extra tax that both employer and employee have to pay to "cover" childcare for the first child. The second/third children are heavily subsidized (90%). So in my situation, I'm just above the threshold and have 1 child; so am lucky enough to have almost no subsidy whilst still paying extra tax for the privilege. Double dipping. Luckily for the government here I can't vote (British citizen), and I'm a compassionate capitalist so generally agree with the idea of spreading wealth around (we just do a horrible job at taxing capital gains and inheritance; I'd happily pay progressive 70-99% on the top of my net-worth if the tax was applied consistently, fairly and accounted for income over time in a fair way (so taxes are normalized over years; for sports people and the like))........
rifung 12y ago
I think it's just a difference in culture. The majority of people I went to high school with had their tuition paid for by parents as well. I'm from southern California if you're curious
jbuzbee 12y ago
"How do you imagine you're going to be able to even as a likely relatively well-paid individual, if tuition rates keep climbing?" (proud) Parent here - We just put two kids through top-tier state schools paying almost all expenses. Expenses worked out to about $20K per year, per kid. Luckily for us, there was little overlap in their college years. Each had well-paid summer internships for at least the last summer so that helped as we really never specifically saved for college expenses. Now they've both graduated and are gainfully employed with Google and Lockheed respectively, starting their adult-life with no debt.

JabavuAdams 12y ago

I'm in Canada. When I went to University 1991-1996, tuition + books + etc., but not board at a top Canadian engineering school was $2500 per year. These days it's about $14500. My wife and I currently pay about $25000 / year for daycare for two kids. Can't save too long for daycare, but can for Uni. We have minimal debt, and the house will be paid off by the time the kids go to University. EDIT> Daycare is as expensive as University. I did not anticipate this.

vlasev 12y ago
> $14500 This seems rather steep and definitely not the norm at Canadian universities. Take a look for example at UBC [1]. It's about 2-3 more than the actual number for most programs for domestic students. And also rather low for international students. It's similar for U of T [2] and McGill [3]. > $25000/year for daycare for two kids Wow more than a 1000 dollars per kid? That's quite a bit. Is that typical? [1]: http://students.ubc.ca/enrolment/finances/tuition/undergraduate-tuition-fees http://students.ubc.ca/enrolment/finances/tuition/undergradu... [2]: http://www.adm.utoronto.ca/cost-of-university/ http://www.adm.utoronto.ca/cost-of-university/ [3]: http://www.mcgill.ca/student-accounts/tuition-charges/fallwinter-term-tuition-and-fees/undergraduate-fees http://www.mcgill.ca/student-accounts/tuition-charges/fallwi...
- JabavuAdams 12y ago
  University of Toronto, Engineering Science Winter 2014-2015: http://www.fees.utoronto.ca/Assets/Student+Accounts+Digital+Assets/14+15+Schedules/14+15+APSC+dom.pdf http://www.fees.utoronto.ca/Assets/Student+Accounts+Digital+... EDIT> And Waterloo (see CS and Systems Engineering): https://uwaterloo.ca/find-out-more/financing/fees https://uwaterloo.ca/find-out-more/financing/fees I was referring to top engineering programs that are competitive with top US engineering and CS schools. EDIT2> I doubt that the daycare rate is typical, in general, but it's typical for the area of Toronto that we live in. Overall, though, daycare is very expensive.
  - hiyou102 12y ago
    I'm pretty sure UBC is pretty competitive, at least from a rankings perspective. It's just one of the few schools that has a cheap engineering program.
- radicalbyte 12y ago
  >> $25000/year for daycare for two kids > Wow more than a 1000 dollars per kid? > That's quite a bit. > Is that typical? It's cheap. We pay 700 EUR/month for 2 days/week daycare for one child here in The Netherlands.
  - zo1 12y ago
    $200/month for 5 days/week daycare for one child... Here in South Africa. I'd chalk it up to "cost of living" differences, but I'd say there is a whole lot more to it. Certifications, licenses, insurance, minimum wages. All these things affect the price, so we can't entirely compare the prices as apples to apples.
    - radicalbyte 12y ago
      South Africa's a strange comparison: labour utilization there is low and the gap between poor and middle class is large. If I was to live there I'd pay much more in healthcare, but housing, childcare and laborer is really cheap. (source: family who live there).
  - briandear 12y ago
    In France we pay about zero per month for three kids.
    - radicalbyte 12y ago
      Wow. Is the subsidy available to all or is it salary-based? The government here removed the subsidy here for higher incomes (~$100k+ year combined). What they didn't remove was the extra tax that both employer and employee have to pay to "cover" childcare for the first child. The second/third children are heavily subsidized (90%). So in my situation, I'm just above the threshold and have 1 child; so am lucky enough to have almost no subsidy whilst still paying extra tax for the privilege. Double dipping. Luckily for the government here I can't vote (British citizen), and I'm a compassionate capitalist so generally agree with the idea of spreading wealth around (we just do a horrible job at taxing capital gains and inheritance; I'd happily pay progressive 70-99% on the top of my net-worth if the tax was applied consistently, fairly and accounted for income over time in a fair way (so taxes are normalized over years; for sports people and the like))........

rifung 12y ago

I think it's just a difference in culture. The majority of people I went to high school with had their tuition paid for by parents as well. I'm from southern California if you're curious

jbuzbee 12y ago

"How do you imagine you're going to be able to even as a likely relatively well-paid individual, if tuition rates keep climbing?" (proud) Parent here - We just put two kids through top-tier state schools paying almost all expenses. Expenses worked out to about $20K per year, per kid. Luckily for us, there was little overlap in their college years. Each had well-paid summer internships for at least the last summer so that helped as we really never specifically saved for college expenses. Now they've both graduated and are gainfully employed with Google and Lockheed respectively, starting their adult-life with no debt.