The good folks at Agora Financial with the 5 Minute Forecast caught this today:
"Extreme price inflation is already rearing its ugly head… at American universities. Harvard and Stanford both announced this month that tuition (and “fees”) at these storied universities will cross the $50,000 mark for the first time in 2010-2011 school year. Public higher-ed costs are soaring, too… up 15% next year in Florida, 9% in Illinois, 14% in Washington state, and California — in all its budget glory — will jack up public tuition as much as 30% next school year. In-state tuition at UC will reach $10,302 next year, up 32% from 2009 and three times what residents paid at the turn of the century."
Wow – it sounds like the hedging I do for our kids future should be with gold coins! A gold coin for each of them (1 oz gold coin coins per child) should be my building blocks!