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.
At those rates, the median price of a year of tuition, fees, room and board at one of the country’s top 10 most expensive private colleges, as ranked last year by Forbes magazine, would shoot from $56,658 to $110,432 by 2034 — the year a baby born this year would graduate — assuming that costs rise at the same average annual growth rate that has prevailed at private colleges as a group for the last 30 years.
Ye-fucking-haw. I'm not having a fucking kid. Are you kidding me with this shit? College is already over-priced and over-rated. If I have a kid he's going to be a fucking plumber and go to trade school. I'm sure even that shit will be like $50k by the time 2034 rolls around. Might as well just spend the money on myself instead of some little ungrateful shit-spawn.
And forget about books, those fuckers will be like $500 each.
if i have a kid, he's playing golf from the day he can walk. even a failed golfer has a sickass job as a course pro at some luxurious country club with doctors and lawyers all up on his nuts
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