Assuming you save all of the $4752 a year, which is dubious, that's barely enough to send you to a low-tier university or community college. Mind you, that's better than nothing, but if you think the opportunities open to students who go to lower-tier universities are the same as those available to students who were able to afford top-tier universities' egregious tuition, then you've got another thing coming.

In short, it's a cycle: Those who can't afford to go to a good college have less career opportunities open to them, ensuring they have a hard time sending their children to a good college.

The solution, of course, is a wide and far-reaching scholarship program that lets students not worry about their socio-economic status when applying to colleges, but that's "socialism".