It’s a story that’s been told over and over. I started saving for my kids college education before they were born.
And frankly, I’m surprised Wisconsin is that cheap. We looked at a few schools for my son that were closer to $60,000 and I’m talking places like Quinnipiac and USC. Airfare and all that other stuff add up too.
I’m not saying school should be free ala Bernie. But something has to change. And I don’t know what that is.
If we end student loans then the cost of a college education will drop to something more rational.
Supply and demand.
The cost of a college education began to skyrocket the moment FedGov began subsidizing it and securing loans for it. Think about it.
You might consider a "REALITY CHECK"..., spend two years at a community college living at home or..., work part-time and take on-line courses (NOT AT A HIGH COST SCHOOL). The other alternatives involve him becoming an indebted serf with dubious prospects of ever becoming debt free or..., you can forget retirement and assume the role of indebted serf for him. Having two Daughters who had "Dream Schools" in their minds..., I laid out their options to them. They both wisely lived at home a few more years and graduated with Honors a few years later..., both obtained Post-Graduate Degrees subsequently... (the same path I chose for myself many years ago).