25% of Students Say College Loans Have Impacted Their Career Choices

Post by arethuza » Sat, Jun 25, 2011, 9:37 PM UTC

ianterrell wrote: post #10

arethuza wrote: post #8

Earlier quoted context omitted.

Discount that $1M with 40 years of inflation to give some idea of what the purchasing power might be and it doesn't look quite so impressive.

Let's use historical data instead of back of the envelope guesswork. Over the last 40 years (1970-2010) the average S&P 500 return has been 11.61%, while inflation has been 4.4%. Past performance not necessarily but usually predicting future performance, but, with those rates... Over the next 40 years $100k would grow to $8.1 MM in future bucks, or $1.45 MM in 2011 dollars. http://www.moneychimp.com/features/market_c…

Post by daniel-cussen » Sat, Jun 25, 2011, 10:28 PM UTC

mattvot wrote: post #12

What's the average tuition fee in a typical US college/university year? The UK was about £3300, now under roughly £7000.