I recently updated our spreadsheet for estimated costs for the schools where our son has applied. CWRU is the only one that made me say “huh?”
They are at $61,548 for next year’s tuition and fees. Last year was $56,720. That’s an increase of more than 8% after several years of pretty big increases. Here’s a plot from an article in the school paper.
My kid really liked Case and it was one of the most affordable options on his list, based on the NPC I ran this summer. I did tell him he’s likely priced out of it now, and he’s adjusted his expectations accordingly.
Our family wages have stagnated for years and have definitely not kept pace with inflation. Not even close. Meanwhile, our property tax has more than doubled (increased by 170%) in the same time period as this plot. We are going to downsize our home as soon as our youngest goes to college. We have enough equity to buy a much smaller home outright. We have really struggled to keep up with inflation and we’re just sick of being stretched. I’d like to retire at some point, after all.