US HIGHER EDUCATION: BURSTING BUBBLE
I recently talked to a friend whose son is considering going to a prestigious Massachusetts college that
From the essay
I recently talked to a friend whose son is considering going to a prestigious Massachusetts college that opened a new Manhattan branch. Here’s the kicker: there’s no choice but to live in their dorm, and the total annual bill—tuition plus that mandatory dorm—comes to a whopping $80,000. That includes a cool $20,000 just for housing. With the median U.S. household income around $70,800, can you imagine the stress this might put on more than half of American families?
Adapted from PDF pages 1.