Tuesday Newsday – Private College Tuitions up 4.5%?

October 12th, 2010

How much is that B.A. in the window? The one that may or may not get you a job.

According to this peace-of-financial-mind-blowing article, it’s 4.5% more than it was last year. Some college tuition goes as high as…gulp…$60K per year? I almost laugh now at the measly $17,000 tuition my parents were gracious enough to pay for me at Syracuse. They sure as hell don’t laugh though, I’m sure.

Here’s an article from Forbes.com on the most expensive colleges in the U.S. Ironically, sent to me by my dad. I know, dad, I know. I’ll get mine. Looks like in about 15 years.

College graduates today face a dismal job market and often carry with them thousands of dollars in student loan debt. And yet, the price tag for a year’s worth of study at America’s most expensive colleges is close to $60,000. Overall, tuition costs at private colleges are up 4.5% since last year. Read more…

Are you saving for your child’s education? How do you feel about tuition going up and up and up and…Leave a comment.

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2 Responses to “Tuesday Newsday – Private College Tuitions up 4.5%?”

  1. Serge says:

    Good news: I checked in with the future and in 2025 we don’t need to go to college — we just download anything we need to know in a chip in our brain. So I can get that Town Car I always wanted with all the $ in that Utah 529 plan!

  2. Whitney says:

    Tuition will continue to go up faster than just about anything else as long as it’s so heavily subsidized with low-interest government-backed loans. Think about what happened with housing – “everyone should have one; it’s the american dream; we’ll help you pay for it” – sound familiar? And it resulted in an unsustainable run-up in prices.

    The thing about college, though, is that the value isn’t tangible the way houses are, so a crash wouldn’t be the same (if it happens at all). It could just continue to go up and up and up. It’s amazing how we don’t think about the costs as long as someone else is paying or creidt is made available so cheaply.

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