Speaking as a parent, the state of higher education is shocking. Costs of $300,000 for a 4-year degree ($75K/year for tuition, fees, and housing) is not just possible, it's essentially the norm for many schools that aren't even top-tier. Even state schools will run about $200,000, all-in. God forbid you have more than one child. Universities tout their need-based financial aid, but the cut off is often far below the…
In my state UT is highly ranked nationally for many programs and estimated costs are $33k/yr to study engineering, or $130k total(source: https://admissions.utexas.edu/cost-aid/cost-tuition-rates/ ). That's for a great school in one of the most expensive cities in the state. The largest component of that is $13k living expenses which you would spend anyway if not attending. If you want lower living costs you can atte…
However, it sucks to tell your kid that worked their ass off their whole life that they can't go to their first choice schools because of administrative mismanagement. Read the WSJ article that is linked elsewhere to see the systemic issues facing higher education. It's bleak.
"Congratulations, you got into Rice! Can I interest you in University of North Texas instead?"