This is a part of class warfare people never seem to talk about:
New moms and dads with visions of Ivy League degrees dancing in their heads should be prepared to face a bill of $422,320 in today’s dollars if Junior heads off to one the country’s priciest colleges as a member of the class of 2034.
If college costs keep rising as they have for the last three decades, the inflation-adjusted price of four years of tuition alone will more than double at private colleges and nearly triple at public universities by the time a baby born this year is ready to enroll, an analysis by The Daily shows.
Even after adjusting for inflation, college tuition has increased by an average of 3.5 percent a year at private schools and 4.5 percent a year at public schools, the analysis showed. When room and board are factored in, the total cost of college has gone up by an average of 3.08 percent a year at private schools and 2.96 percent at public schools.
The biggest hold back in America’s future is our growing lack of opportunity for higher learning. Even if you do manage to get into some of these schools on student loans, chances are you’ll work the rest of your life to just pay them off.
Talk about a grim future. Here you have a very grim future, unless you aspire for your child to flip burgers and work at WalMart.