Get set for a $100K University bill!

[cdn2wheeler]

Not quite sure where this should go as there isn't an "education" section, but I saw this article this morning and thought some of the fine denizens of the board may like to comment.

According to this article, the cost of sending a child who's currently in grammar school off to University may exceed - get this! - $100,000.

Stats show that those who attend and graduate University have a stronger likelihood of achieving financial success, but at $100,000, plus the 4 or more years (and the associated opportunity cost of some of that income properly invested) subtracted from one's earning years is a pretty high hill to climb.

There are currently some executive MBA programs which are already close to this cost, but those are designed more for mid-life professionals looking to get those coveted letters after their name.

Is it worth it?

[Steve Pavlina]

Perhaps the greater likelihood of financial success is due to the fact that they must first figure out how to come up with a significant sum of money in order to graduate. Anyone who can do that is probably off to a great start financially.

[Ninja]

There are a lot of excellent universities in other countries. With a bill like that (100K?! Dear God!!! Does the education come with a free swimmingpool?!), it might be worth looking into studying abroad, and some international experience is always nice

I actually know some American exchange students that came to my university simply because prices in the USA were off the scale. It was cheaper for them to come here, even with the higher rates for non-European students.

[Ernie]

It's not your Daddy's Oldsmobile, nor is it yesterday's college education. With the internet, an education (not all fields) is "at your fingers", and I'm not just talking Wikipedia.

[jdub]

college is about a lot more than textbook education. as steve said, first you have to learn to make money to pay it off. you also meet a ton of new people and have an excellent networking opportunity for future business contacts. then there is the fact that you learn to live for next to nothing because you have no money. this is an extremely useful lesson because if hard times come you can revert back to living like a college student and save a ton of money

[quanology]

The cost of higher education is the US is just ridiculous. One would think that the market would come up with alternatives and "fill the holes" - since there is just a huge number of people who want a better deal. In a way, I'd like to send my kids to university in the US but at that cost would just as well let them go to school in Europe (where we live now). One year tuition fee is like 1000 euros. Foreigners have to pay like 3000 euros for a year.

[Ninja]

Originally Posted by quanology

The cost of higher education is the US is just ridiculous. One would think that the market would come up with alternatives and "fill the holes" - since there is just a huge number of people who want a better deal. In a way, I'd like to send my kids to university in the US but at that cost would just as well let them go to school in Europe (where we live now). One year tuition fee is like 1000 euros. Foreigners have to pay like 3000 euros for a year.

1500 euro's, actualy, but still cheaper than the US

[schola]

Instead of complaining, let's come up with a way to fix it.

I made a thread about it right here:My Project: Sponsor My College Courses