Originally Posted by Guest

FORCE COLLEGES TO MAKE TUITION CHEAPER
College costs have gone up dramatically yet, people continue to pay. We have government loans etc, IT IS SIMPLE ECONOMICS-more money chasing goods or services and the price goes up-INFLATION.
RE: endowment funds
First of all they grow TAX FREE. They are viewed as an annuity paying out a defined number of dollars per year.
When, the economy goes down you would suggest they should pull out more but, they actually have less new money coming in so pulling more would reduce the amount in the account so reduce dividend income. Unlike a human the school assumes it will live forever.

THERE ARE ALTERNATIVES-I have a four year degree but went to a two year school first where the COST was far less. I worked before going to college and I worked while going to college. When I graduated, I had gone through all or my savings, AND WITH MY PARENTS HELP, I still owed 13,000. I BORROWED THE MONEY-SO MY NOW WIFE AND I PAID IT BACK. We did not expect or demand that the government, or the rich or?????? pay my bill.
By the way, in today's dollars 13,000 is roughly 78,000