Some hard lessons about college costs

<p>Private college costs are totally out of sync with reality. I went to a good private college from 1978-82. Starting T/R&B were just under 5K. The year I graduated it just topped 10K. While that was an outrageous percentage increase over 4 years, it still doesn’t remotely compare to the gouging cost of private schools today. My dad made 50 or 60K back then, which was good pay. We’d need to make 600K/year to have that same college cost/family income ratio. We don’t make 600K. It seems to me private, very selective colleges (and MANY are in the early 60s today) are now fillled with either students from very wealthy families or very poor families who qualify for a ton of aid. Either way, middle income/middle class students get nadda. Clearly the bubble will have to burst soon. How many families can afford, 80, 90, 100K per year? (and that’s for one child.) And, they need SOME students to pay full freight to help pay for the students who get the free ride.</p>