When I graduated from law school, I was up over my Pelosi in debt. We paid $16,000 for a house in the ghetto of Cleveland (until we were robbed) and pounded the debt. It was a different time and my generation was, by and large, different. My daughters tell me their friends are graduating with 200k in debt (pharmacy school).
These colleges have massive endowments and can well afford to let these kids pay less. Harvard has an endowment valued at $1.5 MILLION per kid. They won't b/c federal loan money is so readily available. That bubble is going to hit soon.
College 2017 Endowment Value % Change in Market Value Value per Student Harvard University $36.022B 4.3 $1,522,104 Yale University $27.176B 7 $2,191,268 U of Texas System $26.535B 9.60 $147,675 Stanford University $24.785B 10.70 $1,541,160 Princeton University $23.812B 7.5 $2,951,077 MIT $14.968B 11.4 $1,315,751 Penn $12.213B 14 $541,389
Texas A&M System $11.556B 9.60 $97,189 University of *ichigan $10.936B 12.20 $197,056
http://time.com/money/5116456/colleg...-returns-2017/
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Attachment 23853