Post by C86 on Feb 11, 2005 23:38:39 GMT -5
I read DFW's item on the front page. 45K a year for Georgetown, and a 30 percent increase in 4 years. I've posted before on this topic, so I won't repeat myself. With these increases, a Georgetown education is approaching the point where the cost exceeds the value (and it kills me to write those words).
I wish we could chalk this latest round of increases to a definable and fixable cause, like the deficits at the Hospital, but I don't think that is so. If you look at the college planning calculators, they use a historical annual inflation rate for a college education of between 7 and 8 percent. Georgetown is just following the trend. To put these annual increases in concrete terms, when my daughters start college in the fall of 2020, four years at Georgetown are projected to cost $500,000, for each girl.
I sincerely wish that this trend would change, but I don't think it will.
I wish we could chalk this latest round of increases to a definable and fixable cause, like the deficits at the Hospital, but I don't think that is so. If you look at the college planning calculators, they use a historical annual inflation rate for a college education of between 7 and 8 percent. Georgetown is just following the trend. To put these annual increases in concrete terms, when my daughters start college in the fall of 2020, four years at Georgetown are projected to cost $500,000, for each girl.
I sincerely wish that this trend would change, but I don't think it will.
