In California, college/state and especially private college/university education costs have increased to an amount that is a real burden for families. $4000. a year is good, but I don't think enough for the kids that will still need to get loans to pay the rest of the expenses. Graduate degrees cost in the UC school system is scheduled to continue to increase every year over the next 10 years. I really think about this as we save for my son's college/university education. Here is an interesting excerpt from an article that talks about law school as an example but other degreed courses and increased as well:
http://www.inbusinesslasvegas.com/2008/02/15/feature1.html"Increases generally follow the consumer price index and the whim of state legislatures.
The cost of law school in the University of California system, for example, is expected to nearly double in the next few years after that state's Legislature passed laws allowing the system's schools to set tuition at a market rate - the cost of attending comparable to private schools.
The new tuition figures at Boyd are based on comparisons with tuition rates at a dozen schools in the West identified as peer schools by the regents when the law school was established a decade ago.
All of those schools cost more than Boyd - many cost a lot more. Note: Boyd is in Las Vegas.
But most of those selected also have long-term reputations, expansive alumni networks to bank on and significantly better national rankings.
Among the schools used to calculate the new tuition levels were University of California, Davis School of Law ($28,500 a year in tuition and fees for residents; ranked 34th in the nation by U.S. News & World Report), University of Oregon School of Law ($19,596 a year in tuition and fees; ranked 82nd in the nation) and the University of Idaho College of Law ($10,200 a year in tuition and fees and ranked below Boyd).
Note: I hope Obama reviews the $4000.00 a year help and has it on an increasing scale over time because all the school tuition/expense rates will not stay stagnant over time.
The average tuition in 2008-09 for the schools evaluated would be $16,635, with the majority of schools costing $13,000 to $18,500 a year. Those tuition costs are expected to rise (significantly in the case of the UC schools because of the market rate) by the time the Boyd increase is fully in place.
The cost of comparable private law school education in this region, where tuition is not subsidized by the state, range from $18,500 at Brigham Young University (for non-Mormons) and $36,000 at Loyola Law School in California."