The Daily ran some projections and found that parents of the class of 2034 could be paying $422,320 in today’s dollars for college. They note that:

• With current trends the inflation adjusted price for tuition will doubt at private universities and triple at public ones
• The after-inflation-adjusted price for college has risen by an average of 3.08% at private university and 2.96% at public ones over the past 30 years
• Yet the incomes of families with children have risen by just 1% a year since 1987

To read about the implications this might have for student debt as well as the grants and loans that might help ease some of the pain, click here.

Source: The Daily

Via: Newmark’s Door