For those close enough to the Des moines Area, your kid can live at home (although it may not be much fun) and partner with DMACC/ISU and knock out two years of college for about $12K. I understand this may not fit for everyone.
Then transfer to ISU (potential for additional scholarships) but even if you paid full price of room and board (20k ish) you could get a really nice 4 year degree for about 52k without working, financial aid, the hundreds of scholarships available, etc. Now picture this scenario if you get some scholly's and find a 16 hour/wk job and full time in the summer. especially one that is in your field.
I just can't get over these people that are like, I have 200k debt and I am a marketing major and can't get a job or am only making 60k out of school. My point is even with how much things are out of control money wise (and I do realize that), we have to find ways to adopt. My above solution should work for a lot of people. and if a family is living below the poverty line then there are other ways to knock money off of school.
and it goes back to what I said earlier about the car loans.
People get pissed about having 50K in student loan debt, while they had a 4 year life experience and learned for their career, etc, but don't say a word about spending 52K on a Chevy Traverse that doesn't bring you much value and needs to be paid off in 5-7 years.
Which is why I think these private schools are in trouble. People are tired of graduating with 130k debt with a marketing degree from Luther that will probably be replaced by AI anyway.
We have a high schooler and I’m struggling with this right now. Do we encourage him to stay at home and get the gen Ed’s done locally, or do we send him away and experience the full college experience? I know the friends and experiences I had in the dorms those first two years are something that I wouldn’t trade for anything. So is the money saved worth missing out on those opportunities?