Big Take Top Colleges Are Too Costly — Even for Parents Making $300K
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Apr 25, 2025 In this engaging conversation with Paulina Cachero, a Bloomberg reporter specializing in the soaring costs of higher education, listeners uncover shocking truths about college expenses. Cachero highlights how even families earning $300,000 face financial strain from elite institutions. The discussion reveals the hidden costs of college education, the inequalities in financial aid, and the myth that public universities are always the best option. Prepare for revelations that challenge conventional wisdom about affording a degree in today's economy.
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Natarajan's Stanford Tuition Shock
- Natarajan Viswanathan was accepted to Stanford but the $52,000 tuition was more than his family's house value.
- His family couldn't afford it, so he chose more affordable state schools instead.
High Sticker Prices Burden Many
- Sticker prices at elite colleges can reach $95,000 to $100,000 per year.
- About half of students pay full price despite financial aid, leaving many middle-class families burdened.
Check Financial Aid Details
- Use FAFSA and school-specific formulas to understand financial aid offers.
- Families should evaluate school financial aid details carefully to plan payment strategies.