Originally Posted by jack'smom
A private university (Ivy, etc.) costs $50,000 a year (roughly). UC-Berkeley or UC-San Diego cost with housing $35,000 a year (my friends who have kids there are paying that), but you many graduate in 5-6 years because not every class is offered every year due to budget cuts, etc.
So 4 years x $50,000 = $200,000.
5 years x $35,000 = $175,000.
6 years at $35,000 = $210,000.

And if each extra year in college means one less year of mid-career earnings, maybe one should add $200K to the cost of attending a school where one graduates in 6 rather than 4 years. Having more earning years is also an argument for acceleration.


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