I went to college in the late ‘70s and went to an out of state school. I paid 3,500 per year - twice the in-state rate. When I graduated, those ith BAs were getting salaries of $12,000-$15,000 to start (Engineers were getting $15,000-$20,000).
Basically for me, starting salary was equal to four years tuition. Nowadays, a believe out of state tuition at my college is $30,000 per year. But no one with a bachelors degree can expect a starting salary of $120,000 (four years tuition).
The cost of higher education has greatly outpaced the market. I can honestly say that college education today is overpriced. I’m waiting for the “Big Education” bubble to burst!
Yep agreed. Going through this college search with my daughter, I hadn’t realized how stacked the deck is against middle class caucasians. She has a peer whose parents actually make more than our family, but because his ethnicity he received a full ride scholarship to college. They are both similar in grades and SAT scores. It actually is causing her to harbor ill will towards minorities.