Quote:
Originally Posted by MikeWaters
In 2005, Harvard was 41k for one year.
In 2020, using Tom's inflation calculator, that will be about 60k.
Of course, college tuition tends to increase faster than inflation.
60k x 4 years = 240k
3 kids 240 x 3 = 720k
That's a bundle to save. I ain't doing it.
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I recently attended a conference where we had the top VISA economist give a presentation on the short and long term expectations for the US economy and one thing he touched on that I thought was VERY interesting was in the area of education. He said that there's a very large generation in the college age group right now (17-25 IIRC and due to baby boomer generation?) that is working it's way through the educational system and that college enrollment levels in this country on going to take a large hit in coming years and that many smaller colleges, etc will have difficult times staying afloat and that education prices will more than likely come down or stagnate.
Not sure if that will actually happen or not but interesting......