The situation became more unsettling when I started looking into the numbers. According to The Vanguard Group, Inc.’s online college savings planner, the estimated total cost to send our daughter to our alma mater when she is 18 years old is anywhere from $593,462 to $864,306, when you consider annual tuition cost increases of 3% to 5%. Vanguard assumes. Cue the record scratch. My daughter’s future bachelor’s degree could be worth more than our current home in a Boston suburb.
Wake Forest in Winston-Salem, North Carolina, posts a total cost of attendance for the current academic year of $83,324, which includes tuition, housing, food, books and $3,000 of travel and personal expenses. That’s up 37% from a decade ago and up 133.5% from 20 years prior. Just 37% of Wake Forest students receive financial aid, according to the school's website. I'm not picking on my alma mater, where I learned to think critically and later met my husband.
Thirty-six U.S. private colleges posted annual sticker prices over $80,000 in the 2022 academic year and an additional 111 colleges are more than $70,000, according to the most recent data available from the U.S. Department of Education. That list will only grow. It’s worth noting for the sake of this column that our typical reader at The Business Journals , is unlikely to
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