Don't we have it close to this now? At my alma mater, which is an exceptionally good state school that is not particularly hard to get into, tuition, room and board is estimated at under $20k per year. Working during the summer and part time during the year, you would probably graduate with with around $40k in debt. The cost of that education, especially in a science program, is likely $100-200k, considering the huge costs in funding a massive research university.
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