What many older people don't know about college costs today.

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22. Our youngest just finished a master's degree at an Ivy League school

and graduated with no debt.

Thank goodness for a merit scholarship as an undergrad used at a public university (UNC Chapel Hill)
that covered most of his tuition; we paid his living expenses, books, etc.

He was accepted at Yale School of Drama for a 3 year master's in 2014 and this time had financial aid that covered
almost all tuition, plus work/study, and we only had to help with living expenses, books, etc.

Fortunately, we were in a position to help.

Our oldest is financially much better off than his brother, though. He didn't want to go to college. He is all self-taught
and working as a software engineer for an IT firm. The money we would have used to help support him in college we
added to money his grandmother left him for college, and he used that for a down payment to buy a townhouse in 2007. So this son
now has some serious equity in his own home and is pulling down salary in the $70-80K range and never spent
a dime on college.

The youngest has a fellowship with one of his Yale professors to TA for a year. He moved into a furnished room to save
money on rent for a studio apartment this year. Don't know what he'll do next year.

Both sons are following their dreams.