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Colleges at the breaking point, forcing ‘hard choices’ about education

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381–390 of 848 posts

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#381
post #292

The fairly recent law that you cannot bankruptcy out of a college load caused all this. - Lenders are willing to lend to anyone knowing they will HAVE to pay. - Colleges over-inflated costs, way beyond inflation - It balanced out to this shit. In the past, colleges had to be careful, and so did lenders, because lots of people just didn't go to college due to cost. So they had to sell their worth.

Well.. the problem is how can lenders "be careful" when loaning to an 18 year old, which we can call an adult all we want but an 18 year old on their way to college is basically a grown child with no money. So how can a lender protect themselves? Make a parent with enough money co-sign? Then you are essentially systematically not giving loans to poor people.. and only giving "loans" to kids with parents who have mone…

I think it is not that complicated. In any case, there should be risk management involved. If you have a parent with enough money, make them co-sign.

If you come from a not so wealthy background, then you only get a loan for a program that has a higher earnings potential than what you put in. I mean come on, Williams College, the supposedly best liberal arts school in the country has a "median" graduating salary of 58k, and this number does not include the possibility that you could graduate with a major no one wants to hire. 1 year of cost of just tuition and room and boarding is 74k. This does not include other costs like health insurance, books, and other equipment, extra living costs. You add this up, you can easily run up the bill to 400k. You seriously think a person should be able to get this loan to graduate in "Arabic Studies"? I mean I am sorry that people come from a poor background (me included), but taking out that 400k loan without any checks and balances seems irresponsible.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#382

Earlier quoted context omitted.

Is that bad? Humanities departments are already shrinking without any changes because there's just no demand. It doesn't seem entirely unreasonable to me that if you are determined to get a degree in philosophy, which has virtually no job prospects outside of teaching the next generation of philosophy students, you have to go do that at one of a handful of schools that carve out a niche for themselves with a philosop…

> Is that bad? It depends on your point of view. Should college be a trade school or should it stick to it's roots of broadening one's horizons? I found my philosophy classes quite enlightening. They were required for my degree in CogSci. If my school didn't have a philosophy major, it wouldn't have a philosophy department, and I would never have had those classes. Also, there are some majors that lead to professiona…

It brings up the old joke about being a philosophy major: "Two things to do with a Phd in Philosophy: 1. Teach. 2. Pose the question: ‘But do you know why you want fries with that?’"

College is an investment that costs hundreds of thousands of dollars. When you invest that much money, you should expect a ROI. If you can't even put roof over your head or eat with that investment, then it is really hard to say it was a good idea.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#383
post #113

Earlier quoted context omitted.

> He had some massive college bills too and i didnt understand how those worked, but you cant get rid of them like you can a car loan. This is the thing that is really the most shameful and outrageous thing about the US system. Our entire K-12 educational system and our culture is set up to paint a college degree as a ticket to "the good life". Then an 18-year-old, potentially with parents who aren't great at math bu…

> All of us should be regularly lobbying our lawmakers to make student loans dischargeable by bankruptcy, just like any other loan. The reason they aren't dischargeable is because what bank in their right mind would give a loan to an 18 year old with no collateral? They only guarantee they get that it will be paid back is the fact that it can't be discharged. Student loans would dry up overnight if they could be disc…

No other country works this way, yet they have college. So this argument doesn’t pass the smell test.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#384
post #325

Earlier quoted context omitted.

in states with good public universities, the best value is 2 years at a good community college, then 2 years at the state school. even 2 years at a good state university is getting ridiculously expensive ($60K+).

From others experience it's 2 years at good community college and 2.5-3 years at the good state university. I've yet to see state college take all the credits from a transfer.

admittedly i don't have first-hand experience in this, but my understanding from friends & family here in CA is that limiting time at a state university to 2 years (and sometimes less) is entirely possible, with some planning.

the confounding factor for young adults, i suppose, is that it's hard to be certain enough about future interests amid all the possibilities not yet forgone to stay the course without (understandable) alteration (i changed course a few times in college myself).

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#385
post #76

Earlier quoted context omitted.

I've never understood why students would even want the college to be so involved in their student life. Allocate some buildings to the student body, get them to organise themselves and throw a bit of a cash at them. I think that's a good balance. I studied at a university with quite a focus on "college life" and it was nice to feel part of something but we didn't need to organise our social lives.

I think it's often the parents who are buying into these things. Meal plans and dining halls are so popular because parents think their kids can't possibly cook for themselves or walk 10 minutes to eat out (at least that's my perception in a college city with lots of options to eat out, most of them cheaper & better than meal plan).

Actual college student.

UCSD has a food bank on campus. Here's the math as to why:

Recommended daily dining dollar spend: $19

Breakfast: $3.95, "Bobcat Sandwich" Lunch: $5.25, Hamburger Dinner: $6.95, "Wok Entree"

This adds up to $16.15. That hamburger isn't very filling (between Whopper and Whopper Jr.), especially if you still operate on a teenaged metabolism. Add a fries to it, or do what I did and get a $2 salad from the salad bar. At 39¢ to the ounce, it's a cheaper option to maximize nutrition. Sometimes they have leftover salmon, flaked.

Okay, that's the expensive meal plan. You get five days of those, not seven. This is on the maximum dining dollar plan of $3800. You do not get a discount. One dollar in is one dollar spend.

But you can't afford the full plan. The other option – and you have to pick one, they're mandatory for on campus residents – is "worth" two meals a day, five days. You need to stretch it out.

It's not enough. If you don't do the accounting and budget beforehand, you will run out. If you don't supplement with ramen, you will run out. If you want a snack every now and then, you will run out.

Also, you don't have a kitchen in the residential halls. I hope you have a friend in an apartment or with access to the rare communal kitchens [1], since you otherwise can't cook, and must eat.

Oh, and as of winter quarter 2019, they started using scales to measure everything, down to the last noodle.

Panda Express doesn't do that, by the way. You get filling meals at only a slight premium, though I can't remember the price off the top of my head. The real value option is Subway, which costs $6.99 for the footlong of the day, including tax, and each is good for 1.5-2 meals with more or less balanced nutrition. If you somehow have a stove, a pre-packaged two-pack of Tikka Masala from Costco runs at around $3.50/meal, plus rice, and takes less time than the cross-campus dining hall roundtrip.

Fortunately, for 2019-2020, they increased the maximum package to 5100, which helps those who have financial aid. This doesn't reduce the daily cost, however.

People universally get the lowest dining plan allowed by HDH. It's just cheaper to go to the vendors, even with the invisible on-campus price hike.

[1]: The price of access to a communal res hall kitchen is fire alarms at 3 AM during finals week.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#386
post #292

The fairly recent law that you cannot bankruptcy out of a college load caused all this. - Lenders are willing to lend to anyone knowing they will HAVE to pay. - Colleges over-inflated costs, way beyond inflation - It balanced out to this shit. In the past, colleges had to be careful, and so did lenders, because lots of people just didn't go to college due to cost. So they had to sell their worth.

Well.. the problem is how can lenders "be careful" when loaning to an 18 year old, which we can call an adult all we want but an 18 year old on their way to college is basically a grown child with no money. So how can a lender protect themselves? Make a parent with enough money co-sign? Then you are essentially systematically not giving loans to poor people.. and only giving "loans" to kids with parents who have mone…

Well, I think part of the solution is to require schools to provide an option for payments to be a fixed percentage of wages after graduation for a set number of years. Everyone's interests are then aligned, and the school now has to bear some of the risks, and also gains some potential upside if their students regularly command high wages. It's obviously not that simple, but schools like Purdue (Back a Boiler) have working systems in place.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#387
There are too many short-sighted idiots who don't realize that having your neighbors child is the 2nd most important thing to having your own child educated.

"But I didn't have childen! Why should I pay taxes for schools?" is not uncommon. The answer, of course, is that we all benefit from their education, and so it isn't unreasonable for tax money to be spent to help heavily subsidize education.

I'm lucky; I went to college in the early 80s, at a good state school, and it cost about $5000/year ($13K/year in today's dollars). I'm doubly lucky: my parents paid for it, so I left college penniless but without debt. It sickens me to read how much colleges are charging these days, and how even state schools are modeling themselves after for profit schools. When I went to school, most classes were taught by full time professors, many tenured, aided by TAs. Now there are so many "associate professors", i.e., getting paid minimal amounts per course hour taught without benefits. The system is rotten.

Back in the 70s, Texas was awash taxes from oil money. I knew someone who attended UT Austin back then and it was a few hundred dollars per semester, as the state picked up the rest. Conservatives were conservative back then too, but they saw the value in an educated public. Now they feel like schools should be self funding.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#388

Earlier quoted context omitted.

I work in AV development, and the number of refugees from the hard sciences is astonishing. I guess I don't blame them, but it's weird to have a physics PhD report to you and be able to use only a fraction of the skills she spent a decade and hundreds of thousands of dollars gaining. This isn't quite a complaint: adopting math and physics PhDs (first as a mentor and now as a TLM) that are seemingly unproductive has b…

Most STEM PhDs (and especially in the hard sciences) are funded from mostly government sources. It’s seen as the country making an investment in top talent. Nobody (who is any good) in the USA pays money for a STEM PhD. You get paid to do these degrees, albeit not a lot but a lot better than paying yourself!

However, the opportunity costs for a PhD are very, very high, especially if the degree takes longer than planned.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#389

A couple of points: not all colleges are created the same. Many state schools, particularly top-tier ones offer fantastic educations at an excellent price-point. They are a good value, and will remain so. Along with need-based aid and scholarships, they are amazing vehicles to reduce generational inequality (look at UCLA for example). I can only speak to the engineering (not software) side of things, but from lab wor…

I would personally consider the education I received in UC Berkeley when I was there studying CS, excellent. It was very challenging (in a way, it's impossible to exaggerate this), I found tons of help from TAs, my peers, professors were experts in their fields, labs were very useful to make me experience "real life" stuff and discussions were very useful to learn "theory" side of things, both of these occurring in t…

I just don't agree we should be discussing how every American can go to college.

I am a drop out. I really had no business ever going to college in the first place.

I love what I do now but I had to figure things out on my own.

Free college would have just been more free party time for me. You can run it a 1000 times and every time I am partying.

What we need to do is make sure people like you don't put off college because it becomes too pricey.

I also think I would have figured things out sooner if I would not have been pushed so hard by all these signals as a young man that college was a given.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#390

Earlier quoted context omitted.

> Then an 18-year-old, potentially with parents who aren't great at math but have great aspirations for their child, is sat down and asked to sign a load of papers, not realizing that this will lock them into decades of unforgiveable debt and wage slavery. Well yeah, because us "adults" don't wanna pay the state and local taxes necessary to keep public universities affordable.

Why is this downvoted? In the European nations (with the notable exception of Britain), university is free or nearly so.

It's not 'free' it's paid for through taxes.
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