Random Thoughts the 13th: Jason Takes RTT

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Just looked at the three states. For residents for cheapest to most expensive it is Wisconsin, Iowa, Minnesota. It is cheaper for MN folks to attend Wisconsin schools than any other out there. I will say talking to my nephew who goes to the U and is wanting to get into their "business" school it seems pretty nasty tough. He has a 3.55 and needs to about 4 point the next semester to get where he needs to be for admittance.


that's interesting. I knew they had an in-state tuition freeze for a while now but IDK how much longer that's sustainable. Think they put a limit on how much the out of state could be raised but not sure I'm recalling correctly on that.
 
that's interesting. I knew they had an in-state tuition freeze for a while now but IDK how much longer that's sustainable. Think they put a limit on how much the out of state could be raised but not sure I'm recalling correctly on that.


Whoops I screwed up a little when I double checked. Wisconsin was the only one who listed it by semester when the other schools will talk about what a full year of tuition costs. So that adds another 5K to the cost and makes Iowa cheaper for instate compared to Wisconsin. Wisconsin does give MN residents a discount to make it about equal to instate MN now. Iowa would be the more expensive state of the three for MN residents.
 
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My former co-worker in Minnesota had his daughter go to ISU for two years before getting homesick and finishing at U of M. Said the out of state tuition at Iowa State was cheaper than in state tuition st Minnesota.
Generally, this is not correct. One way that this could be correct would be if the student qualified for the highest out-of-state merit based scholarship at ISU ($8000) but did not qualify for an equivalent in-state one at UMN. That would make next year's costs at ISU about $660 less than at UMN. There could be other factors involved. If your former co-worker was an ISU alumnus, there would be an additional $1500 per year.
 
Dude, I just looked at this school that we got emails all the time for our oldest that is located in MN. These seem quite a bit higher than ISU costs, even if you are out of state. You Minnesota people must be loaded to afford college up there.

2018–19 Academic Year
Comprehensive Fee:
Estimated (Indirect) Expenses:

Tuition: $47,840 Books: $1,000
Room and board: $10,850 Personal Expenses: $900
Total Billed Costs: $58,690
Overall Cost of Attendance: $60,590
She's not going to that school.
 
Room, board and tuition at ISU was $490 a quarter when I started. So, $1500 a year. :D

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Total cost for ISU in-state is more than the cost of competitive schools in Minnesota and Nebraska for what they would have charged us. Only a grand or two a year, difference is, for his major; saying you have a degree from ISU blows the other ones away so there wasn't much of a comparison.
Looking at the financial aid packages we received, ISU would cost an average of about $6000 more per year than UMN. My daughter is probably going to end up going to Drake. The package she received would end up costing less than ISU and would be competitive with UMN.
 
Room, board and tuition at ISU was $490 a quarter when I started. So, $1500 a year. :D

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When you factor inflation rate since then........


$1,500 in 1945 → $21,064.67 in 2019
Inflation Calculator
Amount
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Start year
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Quick links:
» $1,500 in 1950 → 2019
» $1,500 in 1940 → 2019
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U.S. Inflation Rate, $1,500 in 1945 to 2019
According to the Bureau of Labor Statistics consumer price index, prices in 2019 are1,304.31% higher than average prices throughout 1945. The dollar experienced an average inflation rate of 3.63% per year during this period.

In other words, $1,500 in 1945 is equivalent in purchasing power to $21,064.67 in 2019, a difference of $19,564.67 over 74 years.
 
Looking at the financial aid packages we received, ISU would cost an average of about $6000 more per year than UMN. My daughter is probably going to end up going to Drake. The package she received would end up costing less than ISU and would be competitive with UMN.


Is that the hot one per your vacation buddies? :) I can tell my son to drive down to drake and cruise around when you guys move her in.
 
Just looked at the three states. For residents for cheapest to most expensive it is Wisconsin, Iowa, Minnesota. It is cheaper for MN folks to attend Wisconsin schools than any other out there. I will say talking to my nephew who goes to the U and is wanting to get into their "business" school it seems pretty nasty tough. He has a 3.55 and needs to about 4 point the next semester to get where he needs to be for admittance.
The Carlson School of Management has almost ridiculously tough standards for admission. It's a really big deal to get admitted.

My daughter received her first rejection letter. She was not admitted to Northwestern. I can't even imagine what your qualifications would need to look like to get into Northwestern. I suppose a $500,000 payment to the foundation would probably have helped.
 
The Carlson School of Management has almost ridiculously tough standards for admission. It's a really big deal to get admitted.

My daughter received her first rejection letter. She was not admitted to Northwestern. I can't even imagine what your qualifications would need to look like to get into Northwestern. I suppose a $500,000 payment to the foundation would probably have helped.


Thought it was something like Hamlin or such. It may have also been a buddy he was talking to. Said he would need around a 3.7 to get into whatever it was.

Northwestern was the school that my son was going to play for. :) I smile and you probably know why. People were fairly impressed when he said where he was going.
 
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Is that the hot one per your vacation buddies? :) I can tell my son to drive down to drake and cruise around when you guys move her in.
She'll be the one with beady eyes, a mustache, a hunch back and a greasy mohawk (she also smells funny). Guys in the DR don't know anything.

Her best friend is going to ISU though.
 
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I know ISU out of state was very close to the same price I'd have paid in-state for Illinois. Made it an easy decision. Not sure what UW is up to now for in-state.......it was pushing $50k total attendance cost when I was looking damn near 15 years ago now (how?!?!??!) Would be nice for little man to be able to go to UW since it's such a good school but IDK. I better get that 529 opened....good reminder!
UW doesn't seem too bad in-state. It's less than UMN but more than ISU or Iowa and significantly less than Illinois (these are all based on in-state costs).
 
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When you factor inflation rate since then........


$1,500 in 1945 → $21,064.67 in 2019
Inflation Calculator
Amount
$
Start year
End year
Quick links:
» $1,500 in 1950 → 2019
» $1,500 in 1940 → 2019
» Inflation rate in 2019
» Future inflation calculator


U.S. Inflation Rate, $1,500 in 1945 to 2019
According to the Bureau of Labor Statistics consumer price index, prices in 2019 are1,304.31% higher than average prices throughout 1945. The dollar experienced an average inflation rate of 3.63% per year during this period.

In other words, $1,500 in 1945 is equivalent in purchasing power to $21,064.67 in 2019, a difference of $19,564.67 over 74 years.


How old you think Boxster is???? My guess is it'd be about half that - $11k.
 
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