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Thread: The scary amount college will cost in the future

  1. #11
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by EnigmaO01 View Post
    I remember when I could pay for next year's tuition with my summer job! You can't even make a dent now!
    After my mom passed we were going through her papers and I found my college tuition paperwork. My parents paid $4200 a semester, including room and board, in the late 80s when I went to public university. That same school is now around 35K a semester. Its nuts.
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  2. #12
    Anarquistador StanStill's Avatar
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    Quote Originally Posted by bajisima View Post
    Around here, being a tradesman has a negative connotation. It means you arent educated and this is a highly educated area. Guidance counselors in high schools actively tell students they must attend college or they will just be a plumber. Its not right but thats the way it is around here. Of course this is home to boarding schools and a large chunk of the Ivy League schools so there are masses of alumni that think exactly that way.
    I had to hire a plumber recently. If someone ever told him that growing up, he's definitely having the last laugh now.

  3. #13
    Member Claudius the God's Avatar
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    Quote Originally Posted by bajisima View Post
    Yikes!!

    Think college is expensive now? Then new parents will probably want to take a seat for this news.

    In 2036, just 18 years from now, four years at a private university will be around $303,000, up from $167,000 today. To get a degree at a public university you'll need about $184,000, compared with $101,000 now.

    These forecasts were provided by Wealthfront, an automated investment platform that offers college saving options. It uses Department of Education data on the current cost of schools along with expected annual inflation to come up with its projections.

    https://www.cnbc.com/2018/05/17/atte...ll-charge.html
    If we had a real Sec of Education we might actually get to the bottom of this issue because I think all of us, left or right, want to know why the hell tuition is going up so much everywhere. I would like to see a state by state audit of public universities and community colleges and a complete listing of what the spend money on, how much everyone makes, how much is being spent on facilities, pensions, health care, etc. It galls all of us when we hear about a chancellor making one million dollars while our kids pay through the nose to be taught by adjunct professors making 40 grand a year. What the hell is driving these costs up?

  4. #14
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by StanStill View Post
    I had to hire a plumber recently. If someone ever told him that growing up, he's definitely having the last laugh now.
    Oh I know, thats what cracks me up. Plumbers make well over 6 figures fixing up these peoples homes because they cant do it themselves. They are laughing all the way to the bank.

  5. #15
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by Claudius the God View Post
    If we had a real Sec of Education we might actually get to the bottom of this issue because I think all of us, left or right, want to know why the hell tuition is going up so much everywhere. I would like to see a state by state audit of public universities and community colleges and a complete listing of what the spend money on, how much everyone makes, how much is being spent on facilities, pensions, health care, etc. It galls all of us when we hear about a chancellor making one million dollars while our kids pay through the nose to be taught by adjunct professors making 40 grand a year. What the hell is driving these costs up?
    Well around here its a combination of all sorts of things from salaries, to benefits for retired profs, to facility costs to liability insurance. But yea the chancellors are becoming like CEOs. Our community college system began hiring adjunct profs because they arent tenured and make cheaper wages with no benefits. So that money is going somewhere else.
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  6. #16
    Veteran Member Chief's Avatar
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    Quote Originally Posted by bajisima View Post
    Around here, being a tradesman has a negative connotation. It means you arent educated and this is a highly educated area. Guidance counselors in high schools actively tell students they must attend college or they will just be a plumber. Its not right but thats the way it is around here. Of course this is home to boarding schools and a large chunk of the Ivy League schools so there are masses of alumni that think exactly that way.
    IT is the exception I think. Once you get certified, you are in at the entry level... then your experience is going to matter, and no one is going to care about your degree, or even if you have one.
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  7. #17
    Spock of Vulcan Ian Jeffrey's Avatar
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    Lawyer calls a plumber for some complex work. When finished, the plumber presents the invoice. The lawyer exclaims, "$400/hr.! I'm a lawyer and I only get $200/hr." Plumber says, "yeah, when I was a lawyer, that's all I used to get, too. "

    Sent from my SM-J327V using Tapatalk
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  8. #18
    Veteran Member Chief's Avatar
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    Quote Originally Posted by bajisima View Post
    After my mom passed we were going through her papers and I found my college tuition paperwork. My parents paid $4200 a semester, including room and board, in the late 80s when I went to public university. That same school is now around 35K a semester. Its nuts.
    Just wanted to take this moment to thank you all for subsidizing me. Deployed veteran's kids are tuition free in California universities.

    Last edited by Chief; 17th May 2018 at 06:49 AM.

  9. #19
    Member Claudius the God's Avatar
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    Quote Originally Posted by Ian Jeffrey View Post
    Lawyer calls a plumber for some complex work. When finished, the plumber presents the invoice. The lawyer exclaims, "$400/hr.! I'm a lawyer and I only get $200/hr." Plumber says, "yeah, when I was a lawyer, that's all I used to get, too. "

    Sent from my SM-J327V using Tapatalk
    This cracks me up. I actually did the same thing to a plumber that was charging me 90 an hour to replace our water heater. I complained that 90 bucks an hour was 180 grand a year and no plumber makes that kind of scratch. Well, my brother in law is a pipe fitter and he set me straight. Plumbers do charge 90 bucks an hour but they hardly ever work 8 hours a day, every day for 2000 hours a year like the rest of us.
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  10. #20
    Spock of Vulcan Ian Jeffrey's Avatar
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    Quote Originally Posted by Claudius the God View Post
    This cracks me up. I actually did the same thing to a plumber that was charging me 90 an hour to replace our water heater. I complained that 90 bucks an hour was 180 grand a year and no plumber makes that kind of scratch. Well, my brother in law is a pipe fitter and he set me straight. Plumbers do charge 90 bucks an hour but they hardly ever work 8 hours a day, every day for 2000 hours a year like the rest of us.
    Well, chances are they work it, but not everything is billable. Just like lawyers.

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