What Did You Pay For Your Kid’s College? Please Respond
Please respond in the “reply” section at the bottom of the page. Also, see what others have spent on college.
I have three kids that will be there soon as well as many clients that I am preparing for these huge expenses. I’m believe the published prices might not be all that accurate.
The graph below is from the College Board (whatever that is) and was published recently in the NYT and other places. I can’t imagine how they came up with these numbers. How can they say the average 4-year school is charging about $12k/year?
I’ve heard that private schools are more likely to give parents a break on tuition these days. What have you heard or experienced?
What is the difference between the “list price” and “actual price”
If anyone wants to know why college costs have been going through the roof, the answer is simple: government guaranteed loan availability. Parents were given an open credit line to borrow from for college. When this happened, colleges seized the moment and started jacking up prices (to pay for new buildings, administrators, professors, etc.) knowing that parents would borrow all the money they needed to get their kids into college.
This easy access to loan money took a lot of the price competition out of decision-making since the money was being borrowed and would be paid back in installments over many years if at all.
Imagine if the huge loan amounts were not available or were dramatically limited in amount. People couldn’t afford many of the current college price tags and enrollment would be slashed forcing colleges to LOWER the cost to attract students.
Junior colleges, such as College of DuPage, are providing of a less expensive college experience and there is some hope that universities will move forward with internet based college courses.
In the meantime, please help our readers and me understand what the real world cost of college is at the school(s) your son or daughter attended.
PLEASE INCLUDE WHEN AND WHERE THEY ATTENDED COLLEGE AND THE COST.
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