When I went to college 10 years ago, it cost $60,000 a year to attend my university (tuition, room, board, books, clothes, travel home, study abroad, laundry, snacks, grooming, COFFEE, etc.). Thankfully, I went on scholarship. At graduation, I had many friends who were 22-years-old with $200,000+ in loan debt... with more debt from grad, law, med, and biz school ahead of them... and a few of their families had boarding school debt already.
Today, we're all doing very well in our careers and our extremely high quality educations have served us well. At our last get together, we talked about how insane the cost was then, but everyone said they would sacrifice anything and everything to be able to walk through the doors that our Ivy League educations have opened for us.
Answered Apr 27, 2011
Edited Apr 27, 2011