swamp
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Post by swamp on Mar 3, 2015 12:33:05 GMT -5
I just saw in the paper this weekend the new costs for attending colleges in my area.
My Alma Mater, private, liberal arts party school: $62,000 DH's Alma Mater, private sciency school: $57,000 SUNY 4 year: $20,000 for NYS residents SUNY 2 year: $17,000 for NYS residents.
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andreawick
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Post by andreawick on Mar 3, 2015 12:44:01 GMT -5
get out your checkbook.....
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Ava
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Post by Ava on Mar 3, 2015 12:48:14 GMT -5
The cost of education is getting out of control. It shouldn't be this way.
As an adult student, I followed the CC to public local state university path. But I don't think it's necessarily the best way for someone younger.
Help your children as much as you can, because that will give them a good start in life.
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bean29
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Post by bean29 on Mar 3, 2015 12:48:12 GMT -5
I just saw in the paper this weekend the new costs for attending colleges in my area.
My Alma Mater, private, liberal arts party school: $62,000 DH's Alma Mater, private sciency school: $57,000 SUNY 4 year: $20,000 for NYS residents SUNY 2 year: $17,000 for NYS residents.
Is that for 1 year or all 4 years? Cuz if you can get a degree from SUNY for $20,000 that's not too bad but if 4 years costs $80,000 yikes. Do those numbers include room and board?
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alabamagal
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Post by alabamagal on Mar 3, 2015 12:49:04 GMT -5
One reason I did not transfer to NJ or PA in 2008 my job location shut down was college costs. At the time I had kids in grades 9, 11 and 12 and wanted to take advantage of GA scholarship program.
A couple of years ago program was changed from 100% to 90% and my oldest went to AL college on full scholarship. Other 2 went to GA universities, one is still there and keeps scholarship even though I moved to AL.
Total tuition for all 3 is ~$2k They also needed to keep gpa above 3.0 to keep scholarship.
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midjd
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Post by midjd on Mar 3, 2015 12:57:53 GMT -5
I just saw in the paper this weekend the new costs for attending colleges in my area.
My Alma Mater, private, liberal arts party school: $62,000 DH's Alma Mater, private sciency school: $57,000 SUNY 4 year: $20,000 for NYS residents SUNY 2 year: $17,000 for NYS residents.
How much of an increase is that since you guys went to school? I'm always amazed at how fast the costs have risen, especially since they were rising fast even in the late 90s. My law school was $35K/year when I started (06), $40K when I graduated (09), and is now $52K. So that's $156K in tuition, plus $1K/semester for books, plus the costs of living in NYC for 3 years (and not being "allowed" to work as a 1L). Makes my $140K SL balance seem like a bargain.
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swamp
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THEY’RE EATING THE DOGS!!!!!!!
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Post by swamp on Mar 3, 2015 13:00:36 GMT -5
I just saw in the paper this weekend the new costs for attending colleges in my area.
My Alma Mater, private, liberal arts party school: $62,000 DH's Alma Mater, private sciency school: $57,000 SUNY 4 year: $20,000 for NYS residents SUNY 2 year: $17,000 for NYS residents.
Is that for 1 year or all 4 years? Cuz if you can get a degree from SUNY for $20,000 that's not too bad but if 4 years costs $80,000 yikes. Do those numbers include room and board? One year. And yes.
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swamp
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THEY’RE EATING THE DOGS!!!!!!!
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Post by swamp on Mar 3, 2015 13:02:16 GMT -5
I just saw in the paper this weekend the new costs for attending colleges in my area.
My Alma Mater, private, liberal arts party school: $62,000 DH's Alma Mater, private sciency school: $57,000 SUNY 4 year: $20,000 for NYS residents SUNY 2 year: $17,000 for NYS residents.
How much of an increase is that since you guys went to school? I'm always amazed at how fast the costs have risen, especially since they were rising fast even in the late 90s. My law school was $35K/year when I started (06), $40K when I graduated (09), and is now $52K. So that's $156K in tuition, plus $1K/semester for books, plus the costs of living in NYC for 3 years (and not being "allowed" to work as a 1L). Makes my $140K SL balance seem like a bargain. My college was about $20,000 when I went in late 80's, early 90's. DH's was about the same.
The SUNY was about $5,000 a year.
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Shooby
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Post by Shooby on Mar 3, 2015 13:08:18 GMT -5
Take out a bunch of big loans, then default. Isn't that what a lot of people are doing now?
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souldoubt
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Post by souldoubt on Mar 3, 2015 13:14:33 GMT -5
The cost of education is getting out of control. It shouldn't be this way.
As an adult student, I followed the CC to public local state university path. But I don't think it's necessarily the best way for someone younger.
Help your children as much as you can, because that will give them a good start in life. Why is that not necessarily the best way for someone younger? I went to a JC for 2 years right after high school then transferred to a state school where I was done in 2 1/2 years. I was able to work during school and get out debt free and this was back in 2005. Costs have definitely gone up but there are still cheaper options out there that all college students should be considering. To me unless you're on a very specific path that requires it I don't think it's smart to go off to a 4 year where you rack up 10's of thousands on your first 2 years when a lot of those classes can be completed at a JC for a fraction of the cost. I'll help my children first and foremost when it comes to college by teaching them that there are cheaper options than running off to a 4 year right after high school. If they want to go that route we will support them completely but they'll be responsible for taking out whatever loans are required beyond what we are able to save for them while they're growing up. They'll know that life is all about choices and as an adult you're responsible for the consequences that result from the choices you make.
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Deleted
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Post by Deleted on Mar 3, 2015 13:16:48 GMT -5
Older son is going to be really cheap if he doesn't get his act together and start doing homework.
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973beachbum
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Post by 973beachbum on Mar 3, 2015 13:26:57 GMT -5
My DD's liberal arts college is $36K a year for tuition. Add in another $10K for room and board and it is positively a bargain. DH went back to school and graduated 14 years ago. Since then the cost of his private university has doubled. The tuition for the engineering program was $23K a year back then and I thought that was high. Fast forward to today and the tuition is $42,600. Add in R&B and some books and yikes!
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Deleted
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Post by Deleted on Mar 3, 2015 13:44:58 GMT -5
The cost of education is getting out of control. It shouldn't be this way.
As an adult student, I followed the CC to public local state university path. But I don't think it's necessarily the best way for someone younger.
Help your children as much as you can, because that will give them a good start in life. Why is that not necessarily the best way for someone younger? I went to a JC for 2 years right after high school then transferred to a state school where I was done in 2 1/2 years. I was able to work during school and get out debt free and this was back in 2005. Costs have definitely gone up but there are still cheaper options out there that all college students should be considering. To me unless you're on a very specific path that requires it I don't think it's smart to go off to a 4 year where you rack up 10's of thousands on your first 2 years when a lot of those classes can be completed at a JC for a fraction of the cost. I'll help my children first and foremost when it comes to college by teaching them that there are cheaper options than running off to a 4 year right after high school. If they want to go that route we will support them completely but they'll be responsible for taking out whatever loans are required beyond what we are able to save for them while they're growing up. They'll know that life is all about choices and as an adult you're responsible for the consequences that result from the choices you make. so CUNY for 2 years is $17K a year and then SUNY for 2 years is $20K a year so $74k total if you finish in 4 years, and that's for in state. please explain how an 18-21 year old is supposed to make that kind of money. that also doesn't include books.
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giramomma
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Post by giramomma on Mar 3, 2015 13:47:36 GMT -5
How much of an increase is that since you guys went to school? I'm always amazed at how fast the costs have risen, especially since they were rising fast even in the late 90s. My law school was $35K/year when I started (06), $40K when I graduated (09), and is now $52K. So that's $156K in tuition, plus $1K/semester for books, plus the costs of living in NYC for 3 years (and not being "allowed" to work as a 1L). Makes my $140K SL balance seem like a bargain. My college was about $20,000 when I went in late 80's, early 90's. DH's was about the same.
The SUNY was about $5,000 a year.
20 years ago, my room and board was 5K/year. Tuition and room and board was something like 8 or 9K/year.
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Deleted
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Post by Deleted on Mar 3, 2015 13:49:43 GMT -5
I went a little over 20 years ago, but tuition at the school I attended was less than 5K/year. I don't know about room and board. I bought a house a few blocks from campus and paid nothing (got a couple roomates to cover the mortgage )
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Regis
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Post by Regis on Mar 3, 2015 13:52:44 GMT -5
Being a good YMer, I've kept track of everything related to college expenses. Here are our experiences:
Oldest son went to an in-state public college and graduated in 2013. Four year costs were $68,946.39. Scholarships covered $19,683.00 so we paid $49,263.39 or $12,315.85 per year. He did live in housing provided by the church one year in exchange for working at the church. This reduced his housing by about $8,200 that year.
Youngest son is finishing his third year at an in-state private college. Three year costs have been $101,196.82. Scholarships have covered $29,675.00 so we've paid $71,521.82 or $23,840.61 per year.
Only daughter is finishing her first year at an out-of-state public college. One year costs have been $29,258.60. Scholarships have covered $9,554.00 so we've paid $19,704.60.
Based on the costs associated with each of my kids, the average increase in college costs over the last six years has been about 4.62% per year. If that continues, the cost of college for a baby born today will be 2.25 times the cost of college for an 18-year old today.
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gooddecisions
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Post by gooddecisions on Mar 3, 2015 13:57:00 GMT -5
If it makes anyone feel any better, my daycare bill is about 75K for 5 years per kid and I still have to provide their housing, then I'll have to pay for after-school care. I have to cash-flow the $2500/month and they are too little to pay for any themselves. I feel like daycare is just preparing me for college tuition.
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steph08
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Post by steph08 on Mar 3, 2015 13:57:53 GMT -5
I just checked out my undergrad's costs.
I went from 2003-2007 - I don't know the cost. I'm guessing 35k/year including room and board.
This is a small, private, liberal arts college.
2014-15 Tuition = $37,870 Fees = $750 Room and Board = $10,710 Total = $49,340
But - "The average merit scholarship plus grant money for first-year students in 2014 was $25,257."
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Urban Chicago
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Post by Urban Chicago on Mar 3, 2015 14:03:23 GMT -5
Don't forget, particularly for undergrads at private schools, practically no one pays the "sticker price". Almost everyone will get some form of scholarship.
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Ava
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Post by Ava on Mar 3, 2015 14:05:16 GMT -5
The cost of education is getting out of control. It shouldn't be this way.
As an adult student, I followed the CC to public local state university path. But I don't think it's necessarily the best way for someone younger.
Help your children as much as you can, because that will give them a good start in life. Why is that not necessarily the best way for someone younger? I went to a JC for 2 years right after high school then transferred to a state school where I was done in 2 1/2 years. I was able to work during school and get out debt free and this was back in 2005. Costs have definitely gone up but there are still cheaper options out there that all college students should be considering. To me unless you're on a very specific path that requires it I don't think it's smart to go off to a 4 year where you rack up 10's of thousands on your first 2 years when a lot of those classes can be completed at a JC for a fraction of the cost. I'll help my children first and foremost when it comes to college by teaching them that there are cheaper options than running off to a 4 year right after high school. If they want to go that route we will support them completely but they'll be responsible for taking out whatever loans are required beyond what we are able to save for them while they're growing up. They'll know that life is all about choices and as an adult you're responsible for the consequences that result from the choices you make. What I mean is that if you are young and can afford it (or your family can afford it) it's better to attend a good university. You get a better education and will probably make better connections than someone who's jumping from one school to another. I did the CC to state school route, and I still have some loans. Now I owe even more because I'm getting my graduate degree.
But I would love the experience of going to one school for the four years. Besides, I went to a good CC, but the education does not compare to University. It was a struggle to adjust to that level. It's a little bit choppy when you transfer, at least in my experience.
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Deleted
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Post by Deleted on Mar 3, 2015 14:06:20 GMT -5
I just checked out my undergrad's costs. I went from 2003-2007 - I don't know the cost. I'm guessing 35k/year including room and board. This is a small, private, liberal arts college. 2014-15 Tuition = $37,870 Fees = $750 Room and Board = $10,710 Total = $49,340 But - "The average merit scholarship plus grant money for first-year students in 2014 was $25,257." so that would still leave $24K a year that has to be covered - $18.5K once you subtract the $5500 stafford. and doesn't cover books, laptop, personal stuff, transportation, lab fees, etc. so the $25k a year in scholarships/grants just brings it down closer to the cost of an in-state public school.
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swamp
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Post by swamp on Mar 3, 2015 14:09:12 GMT -5
Don't forget, particularly for undergrads at private schools, practically no one pays the "sticker price". Almost everyone will get some form of scholarship. True.
My parents paid $3,000 a year for me to go to school. However, I knew plenty of people paying the full cost.
I will let my kids apply to expensive private schools since I know from experience they give great scholarships. However, if they can't show me the money, off to SUNY they go.
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Ava
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Post by Ava on Mar 3, 2015 14:10:38 GMT -5
Don't forget, particularly for undergrads at private schools, practically no one pays the "sticker price". Almost everyone will get some form of scholarship. Yes, but private school is still expensive. I graduated with my AA from Community College in 2010, and wanted to transfer to a good nonprofit private school. Their sticker price was 30k a year. They offered me a 14k scholarship, so I was left with a 16K a year bill. Federal loans were to cover 8K and I had to somehow come up with the difference. The school suggested I take private loans. In addition, I would have to find a cosigner and I didn't have anyone. I said thank you, but no thank you. I turned around and enrolled in the local state school that cost 8K a year and was fully covered by federal loans.
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souldoubt
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Post by souldoubt on Mar 3, 2015 14:18:01 GMT -5
Why is that not necessarily the best way for someone younger? I went to a JC for 2 years right after high school then transferred to a state school where I was done in 2 1/2 years. I was able to work during school and get out debt free and this was back in 2005. Costs have definitely gone up but there are still cheaper options out there that all college students should be considering. To me unless you're on a very specific path that requires it I don't think it's smart to go off to a 4 year where you rack up 10's of thousands on your first 2 years when a lot of those classes can be completed at a JC for a fraction of the cost. I'll help my children first and foremost when it comes to college by teaching them that there are cheaper options than running off to a 4 year right after high school. If they want to go that route we will support them completely but they'll be responsible for taking out whatever loans are required beyond what we are able to save for them while they're growing up. They'll know that life is all about choices and as an adult you're responsible for the consequences that result from the choices you make. so CUNY for 2 years is $17K a year and then SUNY for 2 years is $20K a year so $74k total if you finish in 4 years, and that's for in state. please explain how an 18-21 year old is supposed to make that kind of money. that also doesn't include books. Please explain where those two are their only options for college. As I said there are some cheaper options available. I would have bet money you would have responded because you're the queen of trying to point out how impossible it is for an 18 year old to work, go to school and not rack up debt.
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souldoubt
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Post by souldoubt on Mar 3, 2015 14:21:41 GMT -5
Why is that not necessarily the best way for someone younger? I went to a JC for 2 years right after high school then transferred to a state school where I was done in 2 1/2 years. I was able to work during school and get out debt free and this was back in 2005. Costs have definitely gone up but there are still cheaper options out there that all college students should be considering. To me unless you're on a very specific path that requires it I don't think it's smart to go off to a 4 year where you rack up 10's of thousands on your first 2 years when a lot of those classes can be completed at a JC for a fraction of the cost. I'll help my children first and foremost when it comes to college by teaching them that there are cheaper options than running off to a 4 year right after high school. If they want to go that route we will support them completely but they'll be responsible for taking out whatever loans are required beyond what we are able to save for them while they're growing up. They'll know that life is all about choices and as an adult you're responsible for the consequences that result from the choices you make. What I mean is that if you are young and can afford it (or your family can afford it) it's better to attend a good university. You get a better education and will probably make better connections than someone who's jumping from one school to another. I did the CC to state school route, and I still have some loans. Now I owe even more because I'm getting my graduate degree.
But I would love the experience of going to one school for the four years. Besides, I went to a good CC, but the education does not compare to University. It was a struggle to adjust to that level. It's a little bit choppy when you transfer, at least in my experience.
I would have loved the 4 year college experience too but I opted against it because of the cost. I had friends that went that route and more or less for the first 2 years we took the same classes. As to the local CC here some of the teachers who teach the 100 classes also teach the same classes for much more at the state schools. Same thing with some of the upper division course teachers. The first 2 years where I'm at are pretty comparable whether it's a JC, state school or university because you're taking most of the same classes.
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Deleted
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Post by Deleted on Mar 3, 2015 14:23:05 GMT -5
If my kids live at home, they could pay their way through the local colleges here. Tuition, fees and books are still around 10K/year. Room and board tacks another 7-8K on though.
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swamp
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Post by swamp on Mar 3, 2015 14:24:11 GMT -5
What I mean is that if you are young and can afford it (or your family can afford it) it's better to attend a good university. You get a better education and will probably make better connections than someone who's jumping from one school to another. I did the CC to state school route, and I still have some loans. Now I owe even more because I'm getting my graduate degree.
But I would love the experience of going to one school for the four years. Besides, I went to a good CC, but the education does not compare to University. It was a struggle to adjust to that level. It's a little bit choppy when you transfer, at least in my experience.
I would have loved the 4 year college experience too but I opted against it because of the cost. As to the local CC here some of the teachers who teach the 100 classes also teach the same classes for much more at the state schools. Same thing with some of the upper division course teachers. The first 2 years where I'm at are pretty comparable whether it's a JC, state school or university because you're taking most of the same classes. I never had any issue going from a JC to a state school. I had the 4 year experience at an expensive private school for not very much money.
The sticker price is huge. The actual cost for my family was not much. My parents were not wealthy.
However, I don't expect to get the same experience for my kids because I am in a much better financial position than my parents were.
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Deleted
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Post by Deleted on Mar 3, 2015 14:24:37 GMT -5
so CUNY for 2 years is $17K a year and then SUNY for 2 years is $20K a year so $74k total if you finish in 4 years, and that's for in state. please explain how an 18-21 year old is supposed to make that kind of money. that also doesn't include books. Please explain where those two are their only options for college. As I said there are some cheaper options available. I would have bet money you would have responded because you're the queen of trying to point out how impossible it is for an 18 year old to work, go to school and not rack up debt. state universities are on the cheaper end of college costs. and yes, I think it's nearly impossible for an 18 year old to earn enough from a summer job and part time during school job to cover the entire cost of schooling without ANY debt....unless you live in a state where the state university is extremely low cost.
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justme
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Post by justme on Mar 3, 2015 14:26:10 GMT -5
Graduated in 2008. Tuition was around 1600-1700 for 15 credits depending on if you had labs. I usually was able to make it out with 300 a sem.towards books. My on campus apt was 2500 a sem my third and last year on campus. Off campus housing was 500 including utilities. Then food and entertainment.
It's 3100 now for tuition (I may have been off on my numbers since tuition was covered for me so I never paid it). The apartments are now just over 3000. Which is a little surprising because they were going up 100 a year while I was in school. All per semester so double the numbers...so 13k plus food and fun money.
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tractor
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Post by tractor on Mar 3, 2015 14:38:31 GMT -5
I am going jumping in head first with my son starting in August. State public universities cost @ $26,000/yr including room and board. Not much in the way of scholarship money. Private college costs $66,000/yr, waiting to see what kind of financial package they will offer. Most decisions need to be made by the end of April, so the clock is ticking. Our EFC is $37,000.
I graduated from the state university in 1992 with a total tuition r&b cost after five years of $22,000. The costs have gone up exponentially. That wouldn't cover the cost for one year college now.
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