Cost of College

[hypnobarb1]

Lo, those many years ago when I went to college, it cost me about $1200 for two semesters. We're talking the early seventies and I chose the least expensive four year college in my state. That $1200 covered tuition, room and board in the dorm, and book rental. It is true that we had mystery meat a lot and there was nothing elegant about the dorm

Comments

[lady_rhian]

And because of how many students have defaulted on their loans, the federal government now caps how much freshman, sophomores, and juniors/seniors can take out for themselves. So a significant portion is left to the "family" contribution, and if you don't have the money, or your family doesn't have the money, you're screwed - or you take out a ridiculous private loan with high interest, on top of the federal loans.

The system is really f****d.

[hypnobarb1]

If only the wealthy are going to be able to afford a college education, we could be a third world country in just two generations.

I was reading that in Illinois, university instructors can take retirement at 55 (assuming they have 20 years in), which is absolutely ridiculous. No wonder my state is a financial mess. I'll be working until I'm seventy.

College grads won't be able to buy homes, because they'll be paying off student loans. You are right. The system is really f****d.

[irishredlass]

I know what you are talking about. I graduated from college 17 years ago had some lean years and am still paying the loans on three degrees one of them advanced.

[veritybrown]

When I was in college back in the mid-80s, I paid around $600 per semester for full-time tuition. When my husband and I went back to college in '99, tuition was over $100 *per semester hour*...about twice what I (or rather my parents) had been paying 15 years before