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Personal Finances / Living Below Your Means


Subject:  Re: Don't do this.... Date:  2/26/2014  9:58 AM
Author:  TMFSpeck Number:  880482 of 902153

One should not go to university or college if one needs to borrow in order to pay for it. I was a student from 1962 - 1967, and again from 1972-1976 without ever having to use student educational loans at all.

The average, inflation-adjusted cost of tuition, fees, room and board for a public, four year school:

1973: $8,416
2013: $18,391

The median, inflation-adjusted US household income:

1973: $48,557
2013: ~$51,000

Everyone has their own calculation to make, but these days the reality is that college is a *much* more expensive proposition. To cite your personal 40-year-old experience a blanket statement about what "one" should do in 2014 just ignores the fact that much in the world has changed over that time.

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