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May 02, 2008


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That final number is quite low--I agree. I read somewhere that public colleges would run around 120k by the time today's infants are in college. The cost of private education would be far greater. It's crazy.

I wonder if he meant 60 and 140k PER YEAR. That sounds closer to the real number.

I think that 60,000 sounds like the current price for a 4 year public school education.

Mine would have been in the low fifties without scholarships, and I graduated a year ago.

At my alma mater someone starting in the fall would pay around 15k for the first year (tuition, room and board).

My alma mater had back to back years of 9% tuition increases while I was there. Sticker price at a top fifty public university will probably be into the six figures by 2020.

College is expensive, I'm very very glad I had lots and lots of scholarships. My roommate (out of state) ended up with 6 figure debt. How many years does it take to pay off that when you make about 60k a year?

There's a great suggestion in Charles Givens' book "More Wealth Without Risk": rent out a house near the school, subdivide it, furnish it, live in one room and profit off the rest.

I think $60k is low too. I can't help but get upset when I go to the financial aid office and try to talk to them about finances. They sit there and tell you that it should only cost such and such per year to go to school and then base your financial aid on that number. Only problem is the number is so ridiculous. Definitly something some goverment desk jockey came up with. Or maybe someone from the schools marketing dept trying to make the school look inexpensive when it really isn't. Sorry but that number is bunk.

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