Comment by nickd2001

As another parent, that sounds like a frightening financial burden :( So, $125k-$250k for each child? Is that the going rate in USA now? for comparison , here in UK its gone up lots but 3 years at university would cost approx £30k in tuition, plus maybe £40k in living costs that could be largely avoided by staying at home and going to college locally. Which can be mostly borrowed, and paid back as an extra 9% in tax on earning above a certain amount after graduation. Even with these figures, my wife and I will still encourage our kids to look hard for decent apprenticeships, consider Open University, possibly work part-time and study part-time, to avoid having such a big debt, especially given cost of housing etc. Kinda wonder whether your figures make it worth going to college at all? 20 years ago I met an American who had 6 figure debt from law school and was doing a job at a law firm that she disliked in order to pay off the huge loan so that after that she could then do what she wanted which would pay much less....