Arizona State University has just fired a warning shot over the bow of higher education. The myth of the $80,000 accredited B.A. degree has now been challenged.
Beginning in August, ASU students will be able to begin earning college credit for $200 per semester credit hour.
Other universities will have to compete or die.
If homeschooled high school students use CLEP and AP exams, as the Ron Paul Curriculum recommends, this will cut the cost of the first two years of college to about $2,500.
The final two years will cost about $12,000.
If a student hustles, he will have a B.A. degree at age 19. RPC's instructor Bradley Fish earned his B.A. on his 18th birthday. He teaches RPC's CLEP exam cram courses.
A student can live at home until graduation. This saves money on room, board, travel, wardrobe, and frat parties. No boola-boola, but far less moolah-moolah.
Don't pay retail for your child's college education. Pay for homeschooling, K-12, and then stop paying. Your child can work part time at a fast food restaurant and earn enough money for college. Arizona State is only one university among several that offers online degrees.
If you suffer from parental peer pressure, and you feel socially compelled to pay, no matter what it does to your retirement portfolio, pay for half of your child's grad school.
By the time you will face that decision, M.A. degree programs will be online, cheap.
The bloated cost of higher education is about to collapse. Be patient.