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Thread: In 18 Years, A College Degree Could Cost About $500,000

  1. #1

    Default In 18 Years, A College Degree Could Cost About $500,000

    https://news.slashdot.org/story/17/0...t-about-500000
    https://www.buzzfeed.com/venessawong...VxQ#.byd4Ra4re

    People worried about college affordability today can at least take this to heart: it could get much, much worse. Tuition has been rising by about 6% annually, according to investment management company Vanguard. At this rate, when babies born today are turning 18, a year of higher education at a private school -- including tuition, fees, and room and board -- will cost more than $120,000, Vanguard said. Public colleges could average out to $54,000 a year. That means without financial aid, the sticker price of a four-year college degree for children born today could reach half a million dollars at private schools, and a quarter million at public ones. That's for a family with one kid; those with more could be facing a bill that reaches seven figures.
    Its a Buzzfeed story so I didnt think it was quite credible enough to post in the Family and Education forum.
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  3. #2

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    Looks like son's going to have no choice but carpentering.......

  4. #3

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    I doubt this. The education bubble should pop before then.
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

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    By then , hopefully , most of them will be out of business .
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  6. #5

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    Quote Originally Posted by CaptUSA View Post
    I doubt this. The education bubble should pop before then.
    ^^^ My thoughts also.

  7. #6

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    Quote Originally Posted by tod evans View Post
    Looks like son's going to have no choice but carpentering.......
    You mean he'll actually have a skill??? Oh Noes!!!
    There is no spoon.

  8. #7

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    Quote Originally Posted by tod evans View Post
    Looks like son's going to have no choice but carpentering.......
    Hope you are kidding but hopefully he instead grows up to be a big shot builder who has dozens of carpenters on his payroll.

    But about the OP, anyone who goes about making such a bold prediction like this about colleges is bound to have eggs on his face. Considering how many jobs require a college degree, if colleges were that expensive, almost no employer would be able to afford their workers. Unless they are talking about inflated cost of college in 18 yrs, just read the headline and excerpts.
    Evil is evil. Lesser, greater, middling…makes no difference. The degree is arbitrary. The definition’s blurred. If I’m to choose between one evil and another, I’d rather not choose at all. Geralt of Rivia

    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.

  9. #8

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    Quote Originally Posted by Ender View Post
    You mean he'll actually have a skill??? Oh Noes!!!
    Yea, because we all know that only trade skills count as a skill
    Evil is evil. Lesser, greater, middling…makes no difference. The degree is arbitrary. The definition’s blurred. If I’m to choose between one evil and another, I’d rather not choose at all. Geralt of Rivia

    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.

  10. #9

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    Quote Originally Posted by juleswin View Post
    Hope you are kidding but hopefully he instead grows up to be a big shot builder who has dozens of carpenters on his payroll.

    But about the OP, anyone who goes about making such a bold prediction like this about colleges is bound to have eggs on his face. Considering how many jobs require a college degree, if colleges were that expensive, almost no employer would be able to afford their workers. Unless they are talking about inflated cost of college in 18 yrs, just read the headline and excerpts.
    By the time he's 16 he'll have more real world experience than a friend of ours who spent untold thousands to attend SCAD...

    My intention is for him to have the ability to pick-n-choose what jobs he wants and if he wants to manage people....(I'll never take a supervisory position again!)

  11. #10

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    Quote Originally Posted by juleswin View Post
    Yea, because we all know that only trade skills count as a skill
    My paramedics licence expired in the late 80's...

    I'd rather clean stalls...

  12. #11

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    Quote Originally Posted by tod evans View Post
    Looks like son's going to have no choice but carpentering.......
    I'll bet in 18 yrs. a degree in HVAC, welding, electrical, etc. will still be under $10k at the local community college.

    And if things keep going the way they are then self owners in those fields will charge $100+/hr.

  13. #12

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    Quote Originally Posted by tod evans View Post
    By the time he's 16 he'll have more real world experience than a friend of ours who spent untold thousands to attend SCAD...

    My intention is for him to have the ability to pick-n-choose what jobs he wants and if he wants to manage people....(I'll never take a supervisory position again!)
    That sounds much better, at first it seemed to me like you already picked a career for him and no offense to any carpenters out there but it can be a back breaking job with average financial reward.

    Quote Originally Posted by tod evans View Post
    My paramedics licence expired in the late 80's...

    I'd rather clean stalls...
    I think the patients you saved with your medical skills are happy you were not somewhere else cleaning stalls when they needed to be picked up. Just saying
    Evil is evil. Lesser, greater, middling…makes no difference. The degree is arbitrary. The definition’s blurred. If I’m to choose between one evil and another, I’d rather not choose at all. Geralt of Rivia

    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.

  14. #13

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    Quote Originally Posted by juleswin View Post
    That sounds much better, at first it seemed to me like you already picked a career for him and no offense to any carpenters out there but it can be a back breaking job with average financial reward.
    Carpentry is a vocation that a man can spend an entire lifetime learning and trying to perfect.

    Only the most rudimentary aspects are "back breaking" and even those pay better than healthcare as a rule.

    Look around at the wood you see, everything from kitchen utensils to yacht interiors, handcrafted bows to automotive chassis, marquetry to timberframing....It all falls under the umbrella of being a carpenter......

    Quote Originally Posted by juleswin View Post
    I think the patients you saved with your medical skills are happy you were not somewhere else cleaning stalls when they needed to be picked up. Just saying
    I'd keep it up but for the politics, hospital politics would garner me a life sentence today........I'll stick with boards...........Or stalls.

  15. #14

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    "Let it not be said that we did nothing." - Dr. Ron Paul.
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  16. #15

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    These days a degree is not worth the paper it's printed on. Students graduate with so much debt and earn so little salary that they can forget about owning a home, getting married, or building any kind of permanent life.
    "There are two freedoms - the false, where a man is free to do what he likes; the true, where he is free to do what he ought."~~Charles Kingsley

  17. #16

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    Especially if government subsidizes it.

  18. #17

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    Half a million bucks of debt to chase a dwindling pool of disappearing jobs, being done by AI?

    Yeah, sounds about right.

  19. #18

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    Quote Originally Posted by Anti Federalist View Post
    Half a million bucks of debt to chase a dwindling pool of disappearing jobs, being done by AI?

    Yeah, sounds about right.
    Don't worry comrade there'll be an extra ration and breeding allotment if you have your government approved papers.....

  20. #19

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    This might be a good thing, actually. If they treat education the way they treat health care, student families might have to fork over a big chunk of cash every year. That might mean fewer students on campus there to stir up trouble. Some schools might close.
    "There are two freedoms - the false, where a man is free to do what he likes; the true, where he is free to do what he ought."~~Charles Kingsley






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