College Unaffordable Even in Higher Income Brackets
1–10 of 213 posts
Re: College Unaffordable Even in Higher Income Brackets
#2Solutions --
1) Wait for the bubble to pop and see if prices reach a new equilibrium. 2) Double-down on current solutions, i.e. more subsidies. 3) Impose a head tax on everyone a la Obamacare.
Re: College Unaffordable Even in Higher Income Brackets
#3My partner and I - both well-educated and well-employed professionals - sketched out our long-term financial plan recently. The only way we envisioned owning property would be to build our own a considerable distance away from our small city's center. That alone proved to be a significant part of our budget, which is already under considerable pressure from student loans and car payments.
We estimated the expenses for future children and the picture was not pretty. Then we factored in higher education, assuming costs rise at the same rate as the last 30 years - roughly our lifetimes - and concluded that by the time our future kids are at college age, they will likely be paying for most of it themselves, with debt they may hold their entire lives.
So we aren't having any.
EDIT: Just to be clear, I am not simply saying that I am forgoing children because their college costs would be too high, I'm saying EVERYTHING is too expensive, and college in 20-30 years, assuming current rates, will be forbiddingly so.
Re: College Unaffordable Even in Higher Income Brackets
#4Solutions -- 1) Wait for the bubble to pop and see if prices reach a new equilibrium. 2) Double-down on current solutions, i.e. more subsidies. 3) Impose a head tax on everyone a la Obamacare.
4) Stop having the government pay the exorbitant cost of state schools and making inappropriately large loans available to students.
Re: College Unaffordable Even in Higher Income Brackets
#5Well with Over 675,049 California ballots remain uncounted. Bernie could still win the state.
Re: College Unaffordable Even in Higher Income Brackets
#6My partner and I - both well-educated and well-employed professionals - sketched out our long-term financial plan recently. The only way we envisioned owning property would be to build our own a considerable distance away from our small city's center. That alone proved to be a significant part of our budget, which is already under considerable pressure from student loans and car payments. We estimated the expenses fo…
Why not send your future kids to community college and then have them transfer?
Re: College Unaffordable Even in Higher Income Brackets
#7My partner and I - both well-educated and well-employed professionals - sketched out our long-term financial plan recently. The only way we envisioned owning property would be to build our own a considerable distance away from our small city's center. That alone proved to be a significant part of our budget, which is already under considerable pressure from student loans and car payments. We estimated the expenses fo…
Sorry if I misunderstood, but you're not having kids because you might not afford to send them to college?
Edit: I just wanted to point out that the sticker price is usually not what people pay for college. Grants are very common and so are scholarships of various kinds and sizes. But beyond all that, you can opt-in to this repayment plan https://www.whitehouse.gov/issues/education/higher-education... which caps the amount per year and also the total amount that borrowers will pay for college, based on their income.
Re: College Unaffordable Even in Higher Income Brackets
#8Solutions -- 1) Wait for the bubble to pop and see if prices reach a new equilibrium. 2) Double-down on current solutions, i.e. more subsidies. 3) Impose a head tax on everyone a la Obamacare.
Obamacare doesn't have a head tax. It has a mandate and a tax penalty, and the penalty is proportional to income with a ceiling.
Re: College Unaffordable Even in Higher Income Brackets
#9Solutions -- 1) Wait for the bubble to pop and see if prices reach a new equilibrium. 2) Double-down on current solutions, i.e. more subsidies. 3) Impose a head tax on everyone a la Obamacare.
4) Stop having the government pay the exorbitant cost of state schools and making inappropriately large loans available to students.
5) Stop whatever makes a college education the popular entry ticket to middle class.
Re: College Unaffordable Even in Higher Income Brackets
#10My partner and I - both well-educated and well-employed professionals - sketched out our long-term financial plan recently. The only way we envisioned owning property would be to build our own a considerable distance away from our small city's center. That alone proved to be a significant part of our budget, which is already under considerable pressure from student loans and car payments. We estimated the expenses fo…
My impression from my peer group is that most people from my generation that went to college take on significant debt to do it. Isn't this basically the normal path people take to pay their way through college?
(I didn't go.)
Having kids is obviously a deeply personal decision and don't think I'm second-guessing you, but college funding is probably not a dispositive concern.