Our editorial today begins:
Are you having a pleasant day? Got enough sleep? Coffee's especially soothing? The kids got off to school with minimal mayhem? Well, here's one way to ruin it: Visit one of those online cost-of-college calculators and figure out how much it's going to set you back when the kids are ready to enroll.
For your fifth-grader, let's say you have your eye on an in-state, four-year public university that currently charges about $6,000 a year, such as the University of Washington. You'll need about $46,000 and that covers only tuition. Let's say your child's interests would take her to an out-of-state public university that currently charges $20,000 a year. Now, you're looking at … gulp! … more than $150,000. Add tens of thousands of dollars more for private schools.
During our edit board meetings this week, as we discussed this topic, we all reminisced how relatively inexpensive our educations were in the older days.
So it's your turn to reminisce: How much did you pay?