The $441,728 college diploma

at 01:27 PM ET, 01/09/2012

The Daily crunches the numbers on rising university tuition costs and finds that, if they keep growing at the same rate they have for the past three decades, a four-year degree at a private institution will cost $274,684 by the time a baby born this year is ready to enroll, in 2031. At the top 10 most expensive, private universities, one year of tuition would come with a $110,432 price tag.

That would, incidentally be nearly double the projected annual income of a family with a child under 18, of about $58,000 if income continues rising at the same rate it has since 1987.

 
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