The reason is simple: Whatever is spent on college usually comes at the expense of a secure retirement.
Today, tuition, fees, room and board at a public four-year institution can total $31,700 for a single school year and around $41,000 at private schools – and we’re not talking about the top-tier ‘brand names’. Multiply that by a minimum of four years and the number of children a parent wants educated, and it’s a chunk of bucks.
Parents and students want to purchase the best education possible; and, of course, the colleges are marketing their product, competing for the right students. Continue reading