3 colleges in Massachusetts will cost now more than $90,000 a year
BOSTON – The cost of college is getting worse. Three schools in Massachusetts will cost more than $90,000 a year starting in the fall.
Wellesley College, Boston University, and Tufts will all charge $90,000 for undergraduates for tuition, housing and other expenses.
Paul Karger, co-founder of TwinFocus, an investment adviser in Boston, told WBZ-TV that while the price seems shocking, it isn't unexpected. College prices have been trending up for years and that means families need to make tough decisions.
"Not everyone needs to, nor can everyone afford to go to some of these schools like a Boston University or many of these other schools named at $90,000-plus a year. You can consider other types of options, including in-state community colleges and certainly scholarship programs," Karger said.
Karger recommends setting up a 529 college savings account as soon as your child is born. He said instead of holiday gifts from family members, consider asking for tuition contributions.