MisterChester
Master
I've heard stories...
"Before the dark times... Before the empire."
I've heard stories...
Yet.
School is expensive, but it's still a good value for many. I might be paying on my loans for longer than I like
How many decades can you take 2 classes and defer your payments? I know one guy is is working on his second decade. Associates, bachelors and masters last I heard and he's still a welder in a factory.If I thought that was at all possible I'd have gone with the Rose Hulman engineering degree and the 120k debt which accompanies it.
I'm sure they are correlated, but not totally. If the government stopped handing out college loans indefinitely tomorrow we would not see a drop in tuition. Colleges are turning into telecommunication companies, raising their prices more than inflation and inventing fees/charges that aren't necessary. You are right, not everyone needs to go to college. I don't think anyone would be able to find a high school these days that will tell that to students though. But who can blame them though? When a large number of decent paying jobs require a college degree, not getting one can severely limit career options if one does not go into a trade.
Safety field.In what, 1965?
Show me the job I can work and pay my tuition in cash and I'll be there in a heartbeat.
I hear ya. That's why I work hard everyday and pay my own way. If he government wants to be involved so bad they should force public universities to slash their tuition rates. Rocket scienceMost people today are too young to remember a time when the federal government had nothing to do with student loans. How much more of our lives must they confiscate before the average bubba walking down the street realizes what the term "freedom" really meant in America and how it is completely gone.
If I thought that was at all possible I'd have gone with the Rose Hulman engineering degree and the 120k debt which accompanies it.
That potential debt is the reason I went to Purdue instead of Rose Hullman. Well that and the whole all male thing at the time.
But seriously, you have to look at the big picture. Just pay the minimum payment for 20 years then your loans are forgiven! Just have to suck it up for 20 years to get your "retirement" from your student loans. Yet another redistribution of wealth.
Rose Hulman isn't all male
Student loans are the new indentured servitude system for the world. They will do anything for "loan foregiveness" programs and be at the .gov's beck and call because they took absurd loans to get an absurd degree.
this EO simply makes it easier for kids to take absurd loans and allows them to stay in debt longer. Obama needs to get them dependent on him as young as possible.
The increase in post-secondary education cost is due to many things. Here is a far from exhaustive list:
- Ease of availability of loan money allows prices to rise without an immediate effect on must consumers (think- health care costs)
- Competition for big name professors causes some faculty salaries to skyrocket
- The remainder of faculty salaries, which do not skyrocket, are drawn upwards
- Competition to have the latest technology, most impressive buildings and most comprehensive services....to market to students
- The cost of administrative salaries has skyrocketed driven by competition to attract fund-raising stars
- increase in the number of people going to college allows the colleges to price higher without fear of losing too many students (and drives #1, above)
...and very few of these reasons have anything to do with a higher quality education.
Here's a depressing example.
My last year of law school, 1997-1998 school year, tuition was $18,000.
This year, the tuition for that same law school was $39,000.
That is a 117% increase in 16 years. I think, maybe, only fuel prices exceed that amount of growth.
I thought student loan debt was the only kind of debt you can't get out of paying.
In what, 1965?
Show me the job I can work and pay my tuition in cash and I'll be there in a heartbeat.