The Reality of Paying for College
October 26, 2011 13 Comments
So a lot of people have been talking about a picture from 53% that has been making the internet rounds where the person holding the sign claims to be about to graduate from college debt-free. Support for this concept and deep skepticism seems to fall pretty much along party lines.
Democratic operative Ames writes that:
…the anonymous subject of a popularly circulated Facebook picture, who claims to be “about to graduate completely debt free” based only on her own hard work, is either lying, or has rich parents.
While I had been told in 2008 that the Left was about hope it seems to be more about deep pessimism these days. But maybe there is a reason. Let’s look at he specifics. Ames attended Rice University and NYU Law School. Both prestigious and appropriately expensive.
Rice – $34,900 per school year
NYU – $31,536 per school year
Now I don’t know Ames’ specifics but I imagine he got some serious financial aid because he’s a bright guy. Even then, it seems like the tuition bill was probably still pretty high and he presumably borrowed a lot or ‘has rich parents’. But maybe there are other options. I didn’t borrow AND I didn’t have rich parents so I went the community college route. I attended Jefferson Community College for all of my basics. JCC’s current tuition is currently $3,240 per school year. This contrasts with the University of Louisville where I finished up my degrees. UL is currently at $11,040 per school year.
So we have some options here:
Rice University – $34,900
University of Louisville – $11,040
Jefferson Community College – $3,240
The first one would be a no-go for me. The second one would be tight without parental help or grant money and the third one is completely doable with money to spare. Sock away the extra savings and you’ve got a nest egg for the last two years of increased tuition at a non-community college. Do like I did and work two jobs and it gets even easier.
I’m not saying that paying for college is easy. I have a daughter starting college next year and I’m terrified of the bills, but it’s neither impossible nor a lie, as Ames and others have claimed.