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"Campus Consultants Founder and President Kal Chany figured out what college will likely cost by 2030 based on inflation rates. He wrote the book “Paying for College Without Going Broke.”
The findings? In 18 years, the average sticker price for a private university could be as much as $130,428 a year (See chart.) The situation isn’t much better if you go the public route. Sending your child to a state university could set you back at least $41,228 a year."
"Campus Consultants Founder and President Kal Chany figured out what college will likely cost by 2030 based on inflation rates. He wrote the book “Paying for College Without Going Broke.”
The findings? In 18 years, the average sticker price for a private university could be as much as $130,428 a year (See chart.) The situation isn’t much better if you go the public route. Sending your child to a state university could set you back at least $41,228 a year."
Key phrase: based on inflation rates. Presumably wages would be subject to the same inflation rates. What is your point?
Key phrase: based on inflation rates. Presumably wages would be subject to the same inflation rates. What is your point?
I think that article is a bit flawed in assuming tuition rates go up based on inflation rates. Tuition increases outpaced the consumer price inflation.
Price Controls: Obama
Another calculation from InflationData.com tracks inflation in consumer prices from 1985 to 2011 as 115.06 percent vs. the college education inflation rate in that period as 498.31 percent.
Key phrase: based on inflation rates. Presumably wages would be subject to the same inflation rates. What is your point?
Wage increases have not kept up with inflation rates. It would mean that college would only be affordable to those who are really wealthy, or who have earned scholarships. I don't know how that scenario would affect the number of scholarships given.
My point is that something should be done so that my kids (your grandkids) can afford to educate themselves. I care about the future of this country.
Quote:
Originally Posted by DewDropInn
I thought the point was yet another graph to show the Boomers how hard it is today because we're so old and clueless.
I'm not going to be in college in 18 years. I did my 4 and took what I learned and made the best with it. The article was to show how some prices are spiraling out of control.
A better term (you all aren't clueless) would be apathetic.
Wage increases have not kept up with inflation rates. It would mean that college would only be affordable to those who are really wealthy, or who have earned scholarships. I don't know how that scenario would affect the number of scholarships given.
My point is that something should be done so that my kids (your grandkids) can afford to educate themselves. I care about the future of this country.
I'm not going to be in college in 18 years. I did my 4 and took what I learned and made the best with it. The article was to show how some prices are spiraling out of control.
A better term (you all aren't clueless) would be apathetic.
For the most part, the 60s weren't all that great. It wasn't until the late 60s that things got rockin' and rollin'. The early 60s were just a repeat of the 50s: Cold War, conformity, bubble gum music, etc.
Today's pop is bubble gum.. the 60's had many kinds of great music.. soul, southern rock, motown, some do wop and rock and roll a great mix .
I never thrilled over the beatles... some of their songs were odd sounding .
What do you have in mind? And how much will it cost the taxpayer?
We'd have to make some cuts somewhere to subsidize education so there's not a burden on the taxpayer. I think that an educated population is better than a non-educated population though. So something has to be done to make it more affordable.
We can't simply let prices spiral out of control.
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