Exactly what I wanted. Thank you so much.
Don't forget to adjust for inflation and yearly price hikes, among other things.
That's too much calculation...all I can do with my layman economical mind is just comparison...
I disagree. If you want to do a PROPER comparison, do it right to begin with. The little extra time you spend here could mean the difference in your loan amounts. That's worth it in my humble opinion.
Yikes... what do you guess will be the inflation adjustment for this upcoming year? +5%? Rates should be approved by now across all schools to be approved by May for the incoming class IIRC.
Yeah, five percent is always a safe number to use when planning on tuition hikes, I think. That way if it's less at least you already budgeted for it. If you assume no inflation or too low a price hike, you're gonna be in a world of hurt.
Inflation increased historically were 2-4% for programs. New entering classes biggest issue will be the % that they take out grad plus loans for will be around 8% which is backbreaking.
Not that they need an excuse to do it to begin with, but yeah, inflation would make a nice scapegoat.
