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Thread: The scary amount college will cost in the future

  1. #21
    Veteran Member Isalexi'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
    My granddaughter is looking at Villanova and it’s 65,000 a year. She would probably qualify for the scholarship money but not 65,000

  2. #22
    Inside Your Heads syrenn's Avatar
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    Quote Originally Posted by bajisima View Post
    You would think so and that these increases cant happen but try to tell that to the boomers today who bought their little 1500 sq ft home in the early 70s for 20K and its now worth 300K. People are still buying. If you had told somebody that homes would cost that much back then, they would think the average American salary must be in the millions to afford that.

    all things being equal, the minimum wage in 1970 was $1.45 per hour.
    Cost of a first-class stamp: $0.06
    Cost of a gallon of regular gas: $0.36
    Cost of a dozen eggs: $0.62
    Cost of a gallon of Milk: 1.15
    Thanks from Friday13

  3. #23
    Spock of Vulcan Ian Jeffrey's Avatar
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    Quote Originally Posted by syrenn View Post
    all things being equal, the minimum wage in 1970 was $1.45 per hour.
    Cost of a first-class stamp: $0.06
    Cost of a gallon of regular gas: $0.36
    Cost of a dozen eggs: $0.62
    Cost of a gallon of Milk: 1.15
    2017:

    Min. wage should be $9.15 ... it is $7.50
    1st-class stamp should be $0.38 ... it is $0.49
    Gallon of regular unleaded gas (can't get regular-leaded anymore) should be $2.27 ... it is $2.336
    Dozen eggs should be $3.91 ... it is around $2.96
    Gallon of milk should be $7.26 ... it is around $3.16

    CPI in 1970 was 38.84. In 2017 it was 245.12.

    https://www.measuringworth.com/calculators/ppowerus/

  4. #24
    Moderator HCProf's Avatar
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    Quote Originally Posted by Chief View Post
    Just wanted to take this moment to thank you all for subsidizing me. Deployed veteran's kids are tuition free in California universities.
    You and your family earned it Chief. Our military and their families make great sacrifices.
    Thanks from Claudius the God and Chief

  5. #25
    Veteran Member Southern Dad's Avatar
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    We hear demands that teachers be paid more. We hear demands that schools have the latest and greatest tech equipment. These things cost money. School is not cheap. It will not get less expensive going forward.

  6. #26
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by Southern Dad View Post
    We hear demands that teachers be paid more. We hear demands that schools have the latest and greatest tech equipment. These things cost money. School is not cheap. It will not get less expensive going forward.
    True. Our district passed a new budget last year giving our teachers a 6% raise in pay. Tax bills just came out last month and the screeching has begun. Things do cost money and lets face it, we wont be paying local high school teachers more than college professors so they will want their pay rising as well. Education is neither free nor cheap.
    Thanks from Southern Dad

  7. #27
    Moderator HayJenn's Avatar
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    Quote Originally Posted by THOR View Post
    Only the 1 percenters will be attending.
    I don't know about all private colleges, but I do know the one my son attended gives a ton of financial aid. And again, your talking private colleges here.

    Our State universities are still a pretty good deal for kids who choose the college path.

  8. #28
    DEEP STATE CEO Blues63's Avatar
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    Quote Originally Posted by EnigmaO01 View Post
    Anybody that is paying the tuition rates these days is a fool already. You can buy a franchise with the amount of money people are paying for college now.

    I'd find a trade if I had to deal with college costs now. One of my young customers is in a trade apprenticeship, has no debt, and is actually being paid on the job while his friends that went to college are hand over fist in debt, living with their parents, and trying to get a job that pays enough to pay off their college debt.

    I have nothing against college as I have a degree, but to me it appears it's become nothing but a scam in some cases.
    A trade has the potential to make more money in the long run than let's say, a humanities degree. An astute tradesman can be running a viable business by the time he or she is thirty, where as a lot of arts students are still working behind a counter.
    Thanks from Ian Jeffrey, EnigmaO01 and Friday13

  9. #29
    Veteran Member bmanmcfly's Avatar
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    The solution : end student loans programs, and put universities back to perspective.

    Really, the rich will afford whatever it costs, but there are a finite number of university seats. They should go to those most deserving. The poor, well,they will probably do better learning a trade, which is quite respectable pay once you put in the time.

    Better than having a degree in uselessness. Philosophy is great if you are going to gamble on being an author or a professor, but otherwise useless.

  10. #30
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    These figures inflation-adjusted?

    Quote Originally Posted by THOR View Post
    Only the 1 percenters will be attending.
    Then most public universities would fail for lack of customers.
    Thanks from bmanmcfly

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