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Here Are Some Horrific Projections For Anybody Who Expects To Pay For College Some Day
BI ^ | 05/30/2014 | Mamta Badkar

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).

tuition

JP Morgan Funds

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.

tuition

JP Morgan Funds

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 ...


TOPICS: Business/Economy; Education; Society
KEYWORDS: college; tuition

1 posted on 05/30/2014 12:08:09 PM PDT by SeekAndFind
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To: SeekAndFind

The price is only for the sons and daughters of Privilege. They are expected to pay full price, to subsidize the sons and daughters of Oppression.


2 posted on 05/30/2014 12:11:32 PM PDT by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country.)
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To: SeekAndFind

Even worse are the kids who drop out of college with huge debts but no degree.


3 posted on 05/30/2014 12:12:07 PM PDT by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: SeekAndFind

This will force most students to get their education online, not only less expensive, but it spares them the lousy experience of being bullied by Marxist instructors.


4 posted on 05/30/2014 12:12:51 PM PDT by txrefugee
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To: SeekAndFind

You are going too far. College is not THAT expensive, if you are a good student, go to a state school, pick a renumerative field of study, and get scholarships.

For example, Clemson with a Palmetto scholarship.


5 posted on 05/30/2014 12:14:29 PM PDT by olepap (Your old Pappy)
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To: txrefugee

RE: This will force most students to get their education online

Ahhh... but will employers and companies and HR folks accept that as legitimate education?


6 posted on 05/30/2014 12:15:11 PM PDT by SeekAndFind
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To: SeekAndFind

At those prices you’d be better off hiring tutors. The problem is accreditation. That sounds like a business opportunity.


7 posted on 05/30/2014 12:15:45 PM PDT by DaxtonBrown (http://www.futurnamics.com/reid.php)
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To: SeekAndFind

I got my medical degree online and no one is the wiser when I perform breast exams.


8 posted on 05/30/2014 12:16:31 PM PDT by Larry Lucido
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To: SeekAndFind

Harvard paid now US Senator Paleface Lizzy Warren $250,000 a year to teach ONE class.
The universities are just part of THE BIG DEMOCRAT MONEY MAKING MACHINE!!!


9 posted on 05/30/2014 12:19:45 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: SeekAndFind

Send your kids to a local community college for their Associates. They get to stay home and thus avoid boarding fees, tuition is much less expenseive, degrees and classes are often highly transferable, they get a solid introduction into campus life without the party atmosphere and they can still work a job.

Then, if they still want to go to a private college, they can attend there last two years without piling up a ton of debt and will generally have a better scholastic/work ethic.


10 posted on 05/30/2014 12:20:12 PM PDT by taxcontrol
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To: SeekAndFind

You can pretty well cut that in half with transfer credits from local community colleges and then finishing up a four year degree at a state university. Know several people whose children are doing this, some of necessity and some because it’s just entirely too much money to spend for dubious benefit with such a bleak employment outlook.


11 posted on 05/30/2014 12:20:31 PM PDT by RegulatorCountry
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To: olepap

Most people are not exceptional students, but need a college degree to even be considered for many nominal positions in this country. That is the requirement for everyone.

My brother in law’s wife is a recruiter at a major insurance company. In order to get an interview for a customer service job, you have to have a college degree. Understand, this is an entry level job with an hourly pay of $12.00 at best. That is 20% less than the desired wage of the burger flippers. Yet, they require a college degree to even be considered.


12 posted on 05/30/2014 12:21:06 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: SeekAndFind

Most middle class students feel entitled to attend a four year institution out of state, for the “college” experience. Many large state institutions waste unbelievable amounts of money putting on “freshman” weeks with pop stars etc. in order to attract high paying out of state students.
Parents need to educate their kids about financial responsibility so they can become a savvy educational consumer. I would have them do the college planning math ie what their field of study is, projected salary, and the cost of their monthly student loans relative to this.
If your kids aren’t planning on attending graduate school, or degreeing in a very specialized Science/math field... you should consider two year community college, and then transfer to a four year in state school.

From having done ed consulting... if you have a child that is academically gifted, ivy leagues etc are not necessarily the way to go. Many state Universities of note, and smaller private colleges will happily extend full-ride scholarships to high caliber academic students. If your child is set on attending a private Uni... whatever financial package you receive can be negotiated further through their financial aid office... don’t be shy. Particularly at private institutions that do not have to follow the federal guidelines for expected family contributions... explain special and unique circumstances.


13 posted on 05/30/2014 12:21:48 PM PDT by Katya (Homo Nosce Te Ipsum)
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To: SeekAndFind

Not only does my employer accept Colorado Technical University (some campus but lots of online degrees) as a viable degree, they even accept the University in their tuition assistance program.


14 posted on 05/30/2014 12:22:29 PM PDT by taxcontrol
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To: SeekAndFind
You are better off going to the local Vo-Tech and getting into a skilled trade like a plumber or electrician. The education industry has convinced so many people that only path to a productive future is through an expensive four year college program, that now we have a glut of college degrees which has stagnated the incomes in many degree fields and too few skilled trades which has pushed up the income in those areas.

Case in point, I went to college and got a degree in Business Administration and Accounting, I'm making $45,000 a year. However, I have two friends that took night classes at the local Vo-Tech, one is now a pipefitter who makes $85,000 a year, and the other started his own Heating/AC company and is making over six figures.

15 posted on 05/30/2014 12:22:30 PM PDT by apillar
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To: SeekAndFind

and have your kids purchase CLEP books and sit the exams to earn tons of cheap credits!!!


16 posted on 05/30/2014 12:23:01 PM PDT by Katya (Homo Nosce Te Ipsum)
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To: SeekAndFind
Those cost increases will not happen because too many people have already figured out the scam. The universities right now are like Wile E. Coyote hanging in mid-air, holding up a "Help!" sign, just before he plummets into the canyon.

The Academic Left is about to get a brutally hard lesson in meaning of the word "austerity."

17 posted on 05/30/2014 12:27:11 PM PDT by Mr. Jeeves ([CTRL-GALT-DELETE])
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To: Mr. Jeeves

“bailout”


18 posted on 05/30/2014 12:27:35 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: SeekAndFind

I find this whole thing kind of silly.

Already, the climate is changing for college costs and fees.

Sure, if you want to go to an Ivy League school or a prestigious place like Stanford or MIT, it’ll cost you.

If you simply want a career, and not an in with an elite group or the opportunity to be taught be top notch experts in your major, online and new college startups are creating ways to bring the cost of college down, way down.

A generation ago, John Bear wrote a guide to getting college degrees through creative accretion of credits in non-traditional ways combined with distance learning (snail mail in those days. I actually received my Latin II from the University of Wisconsin for about $350 while attending a different college in Virginia.) These options are still in play.

A lot of the state schools are starting to have aggressive pricing for online students (Eastern New Mexico, for instance, charges $4K per year for a full load to anybody, some schools charge less for instate residents).

What are you giving up? Dorm food, an on campus cubby hole to live in, and the “college experience “ that was so important before but has become devalued since the academic atmosphere itself has eroded.

If you need to be in the room with the instructor, or have to have in-person office hours, it is not for you.

I actually believe the “campus experience”, being in an artificial bubble with easily influenced guys and gals living in an environment where misbehavior is expected in every area except adherence to the modern way of thinking is more destructive than the classroom instruction itself.

If you just want to get the educational background for the career of your choice, it doesn’t have to cost a fortune.


19 posted on 05/30/2014 12:29:25 PM PDT by Dr. Sivana ("I'm a Contra" -- President Ronald Reagan)
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To: SeekAndFind

...we gotta keep those liberal College professors in lattes, pot and Priuses...


20 posted on 05/30/2014 12:33:41 PM PDT by Tzimisce
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To: Larry Lucido

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.


21 posted on 05/30/2014 12:35:49 PM PDT by Rinnwald
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To: Tzimisce
...we gotta keep those liberal College professors in lattes, pot and Priuses...

And pussy.

22 posted on 05/30/2014 12:37:45 PM PDT by Rinnwald
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To: I want the USA back
The business model is unsustainable. By the time my grandchildren get into college, most of the work will be done online and the campuses will be little more than gathering places for the events, projects, classwork and special lectures which tie the on-line work together.

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.

23 posted on 05/30/2014 12:40:19 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Rinnwald

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.


24 posted on 05/30/2014 12:40:53 PM PDT by Tzimisce
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To: SeekAndFind

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!


25 posted on 05/30/2014 12:47:33 PM PDT by olivia3boys
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To: SeekAndFind

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.


26 posted on 05/30/2014 12:48:00 PM PDT by the_boy_who_got_lost (Real men scare liberals)
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To: Rinnwald

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).


27 posted on 05/30/2014 12:48:32 PM PDT by Larry Lucido
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What Is There To Say To Those Who CAN Donate But Won't?
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28 posted on 05/30/2014 12:51:14 PM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: the_boy_who_got_lost

I will add I graduated debt free...


29 posted on 05/30/2014 12:53:17 PM PDT by the_boy_who_got_lost (Real men scare liberals)
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To: SeekAndFind

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.


30 posted on 05/30/2014 12:57:25 PM PDT by SaxxonWoods (....Let It Burn...)
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To: SeekAndFind

In 1950 tuition only was $500 per year. Chart shows today at $40,000. That’s 80X Hey getting cheaper.


31 posted on 05/30/2014 1:08:07 PM PDT by ex-snook (God forgives and forgets.)
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To: ex-snook

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


32 posted on 05/30/2014 1:10:26 PM PDT by SeekAndFind
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To: apillar

The down side to those are you usually end up in a trade union with your dues going to elect fascist rats.


33 posted on 05/30/2014 1:20:20 PM PDT by TurboZamboni (Those who make peaceful revolution impossible will make violent revolution inevitable.-JFK)
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To: SeekAndFind
"What cost $500 in 1950 would cost $4,775.32 in 2013"

A lot of education gouging going on out thar!

34 posted on 05/30/2014 1:20:48 PM PDT by ex-snook (God forgives and forgets.)
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To: apillar

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.


35 posted on 05/30/2014 1:38:40 PM PDT by OldPossum ("It's" is the contraction of "it" and "is"; think about ITS implications.)
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To: OldPossum

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...”


36 posted on 05/30/2014 1:44:04 PM PDT by OldPossum ("It's" is the contraction of "it" and "is"; think about ITS implications.)
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To: OldPossum

That should be “Provided.”


37 posted on 05/30/2014 1:48:26 PM PDT by OldPossum ("It's" is the contraction of "it" and "is"; think about ITS implications.)
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