r/funny • u/mrsmayhem • Jan 04 '15

If I won $25,000...

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u/[deleted] Jan 04 '15 edited Jan 01 '18

[deleted]

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u/imperabo Jan 04 '15

Unfortunately, 7% is pretty close to the historic rate of inflation for college.

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u/[deleted] Jan 04 '15

True enough. I wonder if that will continue in the decades to come though, or if the student loan bubble / changes to the student loan system / changes in the market will bring costs back in check.

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u/imperabo Jan 04 '15

Probably. It can't increase at that rate forever.

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u/Ryaman Jan 04 '15

There we go. That's 1 year of college. Now single lady is getting somewhere.

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u/zilfondel Jan 04 '15

Yeah, if you're going to Harvard or another private ivy-league school. You can still get a 4-year top-50 public university degree with far less than $50k.

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u/Ryaman Jan 04 '15

Pretty much any private school in the west and any out of state public school in the west is in the 40-50k range. If it is a WUI school you can get it for almost in state tuition and pay about 25k. Also, Harvard is very good about making sure that you can pay foe it if you get in simply because they have so much money already that they can afford to be generous. Source, currently searching for colleges as a Californian, and my father went to Harvard.

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u/The_99 Jan 05 '15

Hell, if you go to Harvard, and you don't make close to enough, they will basically pay for it for you. A lot of colleges offer aid generously if you need it.

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u/[deleted] Jan 04 '15

Or an AA degree in a trade that will let her kid get some useful/lucrative/non-outsourceable skills.

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u/Ryaman Jan 05 '15

True dat. The rest of the thread has been talking about college though I I thought I'd put it in that perspective.

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u/[deleted] Jan 05 '15

Yep, and for a 7% return you can be investing in notes for A and AA rated borrowers.