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Pardon me, not about sports
Posted on 1/25/24 at 6:12 pm
Posted on 1/25/24 at 6:12 pm
I recently turned 75, went to LSU in 1967 and graduated in 1970. Just out of curiosity I checked to see how much it costs to attend LSU now. It is estimated at $140,000 for four years. When I graduated I had spent $3,000 including room and board. I know times have changed, but I am shocked. This is for in-state students! Again, delete this if out of place!
15
Posted on 1/25/24 at 6:13 pm to Cajunbrew
this is what happens when people ask for "free education"
Posted on 1/25/24 at 6:14 pm to Cajunbrew
Congrats on 75. I'm just hoping to make it to 35
Posted on 1/25/24 at 6:14 pm to Cajunbrew
Its always about the money.
Til the government stops writing the checks the colleges can charge whatever they want.
Til the government stops writing the checks the colleges can charge whatever they want.
Posted on 1/25/24 at 6:15 pm to Cajunbrew
Most students pick up multiple scholarships at big public schools like LSU, so this figure doesn't tell the whole story.
Also, is that figure for out of state students? $140k for 4 years in-state at LSU seems high.
Also, is that figure for out of state students? $140k for 4 years in-state at LSU seems high.
This post was edited on 1/25/24 at 6:16 pm
Posted on 1/25/24 at 6:15 pm to Cajunbrew
Are you Vince McMahon?
Posted on 1/25/24 at 6:15 pm to Cajunbrew
Yes. Everything has gotten more expensive since the late 60’s. I’ll probably shocked 50 years from now as well. Was this a question, or are you a time traveler from 1970?
Posted on 1/25/24 at 6:23 pm to Cajunbrew
It was like 50K for 4 years when I graduated HS 20 years ago.
Damn.
Damn.
Posted on 1/25/24 at 6:31 pm to Cajunbrew
quote:
Just out of curiosity I checked to see how much it costs to attend LSU now. It is estimated at $140,000 for four years.
All of the in-state kids have TOPS and don’t have to pay close to that amount.
Posted on 1/25/24 at 6:32 pm to Cajunbrew
Do some research on how public land grant institutions are operated and financed.
Time to start waking up.
Time to start waking up.
Posted on 1/25/24 at 6:41 pm to Cajunbrew
As soon as Georgia implemented the Hope Scholarship (lottery money), the tuition skyrocketed because there's no supply and demand system in place at that point. People weren't actually having to pay the full cost, it was paid for by lottery ticket buyers. Instant free money for the universities so they expanded and started letting as many people in as possible.
Posted on 1/25/24 at 6:43 pm to Cajunbrew
Tuition (not including housing and food) for in-state is only $11,954. 4 years equals $48K.
$3,000 in 1967 is worth $27,552 in 2024 due to inflation.
I shared an absolute crap college apartment with a buddy of mine in 1995 for $4800 each per year. Adjusted for inflation, that would be $9,661 today.
LSU’s dorms are $9,044/year.
I also imagine the amenities available (fitness center, career center, sporting venues, etc) are also better than what existed back in the 60s.
It’s not quite the drastic growth people claim.
$3,000 in 1967 is worth $27,552 in 2024 due to inflation.
I shared an absolute crap college apartment with a buddy of mine in 1995 for $4800 each per year. Adjusted for inflation, that would be $9,661 today.
LSU’s dorms are $9,044/year.
I also imagine the amenities available (fitness center, career center, sporting venues, etc) are also better than what existed back in the 60s.
It’s not quite the drastic growth people claim.
This post was edited on 1/25/24 at 6:52 pm
Posted on 1/25/24 at 8:01 pm to Cajunbrew
Government backed student loans to 18 y.o. kids that wouldn't even qualify to finance chewing gum is what's causing this. Schools can charge anything they want, so they do.
Posted on 1/25/24 at 8:14 pm to Cajunbrew
Thats why young people hate when you tell us to pull us up by our bootstraps. its nearly impossible to pay for college while in college
Posted on 1/25/24 at 8:27 pm to Cajunbrew
quote:
It is estimated at $140,000 for four years.
Seriously? 35k a year? I went to MSU 2010-2013 and tuition was like 7k a year. I borrowed 26k in student loans, living expenses were split between my part time work and parents weekly 150 dollar allowance. That went toward rent, utilities, food, alcohol. Lots of alcohol
Posted on 1/25/24 at 9:46 pm to Cajunbrew
quote:~7.4% annual inflation (1970-2023)
$140,000 for four years. When I graduated I had spent $3,000 including room and board
Sounds worse than it is. The market’s done 10.4% in that time. 10yr Treasuries averaged 6.1%!
So even a retirement portfolio holding 70% bonds would have kept up with the cost of education.
Now, tell me the cost of education as a % of household investment has gone up? Sure. So has the relative cost of home ownership. But you’ve had MASSIVE deflation in productivity-enhancing and lifestyle-accommodating technology breakthroughs, information access, improvements to healthcare and longevity, and modern conveniences, purely from a development and accessibility standpoint.
While we all feel poorer than the last generation when we look at the $ value on the ATM screen vs. the cost of education or home ownership, we all know the reality that we’re living such healthier, longer, and richer lives is much more valuable in the aggregate.
Ultimately it just gets back to return on TIME. How are you using the hours in the day that you’ll never get back? Da Vinci, Shakespeare, Ben Franklin, heck these college coaches today: they all had only just as many hours as we do.
In other words, wealth has never really been tied to affordability. It’s always been tied to productivity, and capitalizing on the shots you take.
This post was edited on 1/25/24 at 9:49 pm
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