Cost of your education

[thegoat]

80K in school loans

67K first year money brought in...

[QueenOphelia]

All I can say is WOW.

I went to a public college in NYC from 1979-83. My total tuition for four years was something like $5k. I lived at home and didn't pay my folks anything. (they paid the tuition as well).

To give you some perspective, average private college tuition (non-Ivy) at the same time was around 10k a year including room and board.

I just can't believe the high cost of tuition now. I have two young woman who work for me who have to pay $800 a month towards their school debt. They make mid-30k and live at home. I don't know how they will ever afford to move out and get an apartment. (forget Manhattan rents...they'll be lucky if they can afford the Bronx).

[jIM_Ohio]

All I can say is WOW.

I went to a public college in NYC from 1979-83. My total tuition for four years was something like $5k. I lived at home and didn't pay my folks anything. (they paid the tuition as well).

To give you some perspective, average private college tuition (non-Ivy) at the same time was around 10k a year including room and board.

I just can't believe the high cost of tuition now. I have two young woman who work for me who have to pay $800 a month towards their school debt. They make mid-30k and live at home. I don't know how they will ever afford to move out and get an apartment. (forget Manhattan rents...they'll be lucky if they can afford the Bronx).

Colleges see the cost of Havard, then raise their tuition because they believe they are just as good.

Havard raises it's tuition to be better than everyone else.

Keep in mind Havard has an endowment which is tax sheltered and tax free to the unversity if the money is given to students as aid. So Harvard can have a 50k per year price tag, knowing that it's endowment, on average, could give each student a 10k per year "grant" which is then funneled back into the unversity, which it can then use to fund anything from professor salaries, research or build a new football stadium.

Havard is a non profit, so it's endowment gets favorable tax treatment (contributions are tax deductable and withdraws are not taxed). A classic micro-economic paradigm. Harvard can withdraw around 3-4.5% of it's endowment each year, yet the endowment keeps growing, the distributions keep increasing, and it is not taxed at all.

My university compared itself to ivy league schools- it raised tuition just because it looked bad that our tuition was 1/3 to 1/4 what the ivy league charged and had a similar deficit with Stanford and MIT. Yet we competed for same students (the overachievers and the ones which scored high on the entrance tests).

[tripods68]

While in college, I worked multiple jobs for 5 years to help pay for college along with my military GI Bill ($10K). As I recalled for those 5 years worked, I earned roughly $65K. I ended up with $12K Student loans and $6K in credit cards after graduation.

I would say it cost me around mid $55K for all 5 years. A bit cheap since I spent the first 3 years attending a community college and then transferred to a 4-year University.

After school, I joined Franklin Templeton as Mgmt trainee making $27K a year. WoW! I'm old.

[Like2Plan]

How long ago did everyone graduate?

[jIM_Ohio]

1998 is what the degree says. Last time I was on campus full time was 1995. I took one class in 1996.

[ScrimpAndSave]

My 5 years of undergraduate cost about $150,000. My graduate was around $10,000 (what I was not reimbursed for by my school district). I started at 42,000 a year...then switched school districts and made $37,000. After 4 years of teaching I am making about $50,000. My up coming school years will be:


2009-2010: $59,525
2010-2011: $67,232
2011-2012: $75,849
2012-2013 $84,894

[Snave]

Mine cost about 100K total for 4 years and I graduated in 1997. I just looked up my school and the tuition now is 33K and then another 9K for room and board. Yikes! I made about 45-50K my first year out. Fortunatley I had no loans to pay.

[jIM_Ohio]

My 5 years of undergraduate cost about $150,000. My graduate was around $10,000 (what I was not reimbursed for by my school district). I started at 42,000 a year...then switched school districts and made $37,000. After 4 years of teaching I am making about $50,000. My up coming school years will be:


2009-2010: $59,525
2010-2011: $67,232
2011-2012: $75,849
2012-2013 $84,894

13% raise- what do you teach?

[zetta]

I got an engineering degree in 1993 from a private university in the top 25 (as ranked by US News & World Reports). I think tuition + room/board ran about $20k/yr at that time, so the cost could've been about $80k. Luckily for my parents (who footed the whole bill), I earned a merit scholarship that reduced my tuition by half, and a bunch of scholarships that paid for all but $1k of my freshman year.

My starting salary was $36k (in 1993, remember), and my salary tripled within 12 years.

[Angio333]

I currently have an Associate's degree, and I will be starting a 22 month omline accelerated bachelor's degree in accounting at a fully accrediated university. It is about $18,000 including all of the books and fees.

[asmom]

I received my bachelor's degree in nursing in 1991 and it cost me $0 as I received a full 4-year academic scholarship. My starting salary back then would have been about $25K if I worked straight time which I never did; with night shift and weekend diffs and all the hours I got off late adding up at overtime rates, I made about $35K that first year.

I don't know how much grad school cost which is odd since I had to pay for every penny. I started off paying as I went but I finished with about $10,000 in student loans. Annual salary was about $65K and the working conditions are 100% better!

[m3racer]

My total cost for an IVY League education was $240,000.....That's all.

[LivingAlmostLarge]

$120k, graduated in 2000. Most of it was living costs away from home. Tuition wasn't bad, but the COLA.

[creditscore]

the cost of living and education here is more cheaper and affordable...about $4000 for the whole year or 16-20k until you graduate which is a big advantage for foreign nationals..