Quote:
Originally Posted by troutman
Going away for school may require some level of bursaries, scholarships, and summer/part-time employment. I worked in a paint store though out law school and did not need much help from my parents or student loans. Other classmates spent every summer in Europe, using their student loan money for travel.
I’m also a big fan of gap years - going walkabout for a year is huge for development. I think most Aussies do this.
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The economics of postsecondary have changed quite a bit since Gen-X graduated, as costs have outpaced inflation by a wide margin. Res (no meal plan), tuition, fees, and books for my son are around $20,000-$22,000 PLUS food and all other living expenses on top of that, and he is able to make about $7000- $8000 by working summer and part time during Uni. Even adjusting for inflation, that's more than double what I paid 25 years ago.
I used to hear those stories about people getting student loan money and travelling, but almost everyone I knew growing up needed student loan money to go to Uni and I don't know a single person who travelled to Europe during their Uni years.