Posted on 05/30/2014 12:08:08 PM PDT by SeekAndFind
It's no secret that college tuition and textbook inflation is just out of control.
Expensive as it seems now though, the picture is only expected to get scarier, according to a new report from Michael Conrath and his team at JP Morgan Funds.
This chart shows that future college costs are expected to inflate 5% per year, taking annual private college costs (for tuition, fees, room and board for a year) from $39,518 today to $90,576 in 2030 (in 2012 dollars).
For you parents, the younger your child is, the more expensive college is likely going to be going forward. A child that's currently 18 years old will likely pay $76,979 for a four-year public college education. But for a child on the way, that cost will surge to $185,259.
Much has been made about surging medical care costs. And most people see gas prices increasing right before their eyes. But none of this compares to tuition. This chart shows that since 1983, tuition costs have risen faster than any other major household expense.
(Excerpt) Read more at businessinsider.com ...
You are an inspiration. Online learning, combined with some sort of residency/OJT is the wave of the future.
I have two kids in four year schools, and they are both grinding through a lot of BS. Fortunately, they are strong and well-grounded.
And pussy.
Some of the surplus classroom space will be turned into online study or testing centers. Colleges which do a good job of reaching out to the business community to improve the skill levels of their workforce with continuing education will not only survive, but thrive.
The government subsidized model of professors in ivory towers teaching what they think is useful will not survive because there won't be enough money for it to survive. It is ironic that the astounding success of western civilization and capitalism which generated the surplus for this model to survive will no longer be able to do so, because the very beneficiaries which fed at the trough are destroying the goose that laid the golden egg.
Yeah, those feminist girls.
I knew a bunch of Muslims in college who would only date feminist girls because they were so easy and would believe anything.
I have a high school senior, California resident, going to college next year as a freshman. He doesn’t qualify for any grants or loans beyond the standard $5500/yr loan almost everyone qualifies for(and he wouldn’t want loans anyway).
Here’s what I learned: only 50% of students graduate from UC in 4 years; CA resident tuition is $15K tuition/yr and $15K room & board/yr. Only 25% of students graduate from the Cal State system in 4 years; $7K tuition/yr and $15K room & board/yr. Math not looking good—kids take 5-7 yrs to get out of college in CA.
He wanted to go to school in the UK instead (following a girlfriend). What I learned: nearly 100% of UK students graduate in only THREE years. He got a small scholarship for year one, was admitted to several UK universities, total cost even with travel costs is LESS than UC, and he will see the world.
He will be attending university in the UK. His American education is over. Moreover, I have 3 more kids and I will encourage all of them to apply to the UK or Australia or other English-speaking universities. What an opportunity. And CHEAPER!
I make a 6 figure income and all I have is an online degree. No one has ever questioned it.
It comes down to knowledge and skill and experience.
I worked full-time through college (to pay for college) and hence gained experience...
I graduated in 2010 from Thomas Edison State College.
My entire degree cost under 20k.
True. And while I was being facetious about the medical degree, I did in fact complete my final two years of undergrad by taking GRE and CLEP tests and getting the degree from Excelsior College in New York, an accredited credit bank.
That got me into law school, and I found one with reasonably inexpensive tuition (Northern Illinois).
I will add I graduated debt free...
But,the Left (who run the universities) says college should be free!
Actually I don’t believe these numbers. There will be few able to afford those costs, and the loans are going out of style as people are learning what a lousy deal they are.
In 1950 tuition only was $500 per year. Chart shows today at $40,000. That’s 80X Hey getting cheaper.
RE: In 1950 tuition only was $500 per year. Chart shows today at $40,000
_________________________________
According to this inflation calculator...
http://www.westegg.com/inflation/
What cost $500 in 1950 would cost $4,775.32 in 2013
The down side to those are you usually end up in a trade union with your dues going to elect fascist rats.
A lot of education gouging going on out thar!
With reference to your post 15, people should bear in mind that just because jobs such as pipefitting and heating/cooling contracting work pay a lot does not mean that everyone has the mechanical aptitude to do them. So, it’s not a one-size-fits-all matter.
Freepers often make the same statement as regarding engineering degrees, conveniently overlooking the requirement that such a curriculum demands a substantial background in mathematics.
I should add that it would be a good idea to preface all such recommendations with a statement such as “Providing that one has the aptitude for mechanical work, then...”
That should be “Provided.”
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