>FWIW at University I was paid $27/week to be alive plus $300/term. Annual fees were $99. Today people getting the same degrees end up with student debts of up to $100K.
>
>Truly we are miserable swines who pull up the ladder behind us. For the most part you want these students getting qualified so you don't have to import furriner ratbags, so why not offer a bond or a release schedule for good service done at home rather than pursuing $ or lifestyle abroad? They're still worse off than we ever were with "everybody" now opposed to inflation that would erode their debt at the same rate it did ours.
Cal's posted tuition rates for 2014-2015.
http://admissions.berkeley.edu/costofattendanceIf I followed the same path today as I did when I attended 20+ years ago my total cost of attendance would be $138,508 (1 year on campus + 4 in apartment).
I actually spent around $80k.
At historically average 3% inflation, 20 years would equal $144k
At elevated 4% inflation, 20 years later would equal $175k
To me, today's students are getting a bargain. ;)
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