Massachusetts College Now Costs $95K a Year – Others Over $90K!
College has gotten out of control expensive. The system needs change. That’s the opinion of me, a father of two daughters – one of whom is a junior in high school who is weighing her collegiate options currently. Colleges are releasing their estimated costs of attendance for the 2024/2025 school year and… many schools are crossing a new threshold this year: cost of attendance passing $90,000 a year. Ouch.
How much does Tufts University cost?
Tufts University cost of attendance for the 2024/2025 school year came in at an estimated $95,888! Quick iPhone calculator math shows that over four years that adds up to $383,552!! That’s a whole heck of a lot of debt for a newly graduated person entering the workforce for the first time. Good luck out there, kid!
$95,888 covers tuition (and fees) and living costs (housing, food, and school text books). Obviously, if the student needs more time to graduate or seeks additional schooling to advance their degree that price tag keeps ticking up.
I don’t mean this to be a slam on Tufts. Plenty of other schools are way up there with them in the $90K+ Club. Locally, Boston University and Yale are also over $90,000 a year for the 2024/2025 school year. I also don’t write this article thinking that it’ll change a thing. The system is much bigger than any page views this article gets. What I am hoping though is to be one small piece of dust in a growing dust ball which will finally somehow see needed change in college prices for students. How a dust ball will do that I have no idea. I’m just spitballing here. lol
I feel awful knowing that I can’t pay for my daughters’ schooling. There’s just no way that I can take on hundreds and hundreds of thousands of dollars of debt when I, like so many, just struggle to make ends meet. I feel even more awful thinking that my girls will have to start their professional adult lives buried in so much financial pressure. I will help as much as I can… but I feel powerless. Which as a parent wanting to help their kids, is heartbreaking.
I know there are scholarships and financial aid but something needs to change. I just read a story about a 71 year-old retired woman who still has $108,000 in college loan debt! She took out a $30,000 loan to go to school but over the years, due to interest, it has grown to $108,000. Maybe she should go back to school so she can get a second job to help pay that. I kid.
In the meantime, my daughter needs to go to college in a year and a half so everything I have is for sale. Make an offer, then multiply that offer by a million and we probably have a deal. I need a lot of money…