Half of high school seniors won't apply to colleges costing more than $40k
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Re: Half of high school seniors won't apply to colleges costing more than $40k
#2> “The original purpose of tuition discounting was to make higher education affordable to low-income students,” Bridgewater president David W. Bushman said in a press release explaining the dramatic shift. “But over time, the practice has resulted in higher and higher tuition sticker prices that bear little resemblance to the actual cost of education.
This somehow seems inevitable in hindsight. It is quite bizarre, as a German student in university, how the education sector in the U.S. is working acceptable-ish[^1] and yet everytime I read something about it is seems to in some stage of self-imploding for colleges/ universities.
It would be interesting to see how this societal issue can be addressed in the longer term. Imoe neither technology alone nor any simple approach will work but it definitely is a great challenge for the future/ present.
Re: Half of high school seniors won't apply to colleges costing more than $40k
#3> “The original purpose of tuition discounting was to make higher education affordable to low-income students,” Bridgewater president David W. Bushman said in a press release explaining the dramatic shift. “But over time, the practice has resulted in higher and higher tuition sticker prices that bear little resemblance to the actual cost of education. This somehow seems inevitable in hindsight. It is quite bizarre, a…
The college system in the US works well. The vast majority of students go to community colleges or public schools and end up with very little debt (if any).
The nightmare stories you hear are about the small, vocal minority that go to expensive private schools and/or major in something that doesn't pay well (like theatre) and/or get Masters degrees that put them in debt.
Re: Half of high school seniors won't apply to colleges costing more than $40k
#4> “The original purpose of tuition discounting was to make higher education affordable to low-income students,” Bridgewater president David W. Bushman said in a press release explaining the dramatic shift. “But over time, the practice has resulted in higher and higher tuition sticker prices that bear little resemblance to the actual cost of education. This somehow seems inevitable in hindsight. It is quite bizarre, a…
You don't have to go that far. The education sector in the Netherlands is quite similar, perhaps 5 years or so behind the US.
Re: Half of high school seniors won't apply to colleges costing more than $40k
#5Isn't it cheaper to come to EU and attend the uni here then return?
Re: Half of high school seniors won't apply to colleges costing more than $40k
#6> “The original purpose of tuition discounting was to make higher education affordable to low-income students,” Bridgewater president David W. Bushman said in a press release explaining the dramatic shift. “But over time, the practice has resulted in higher and higher tuition sticker prices that bear little resemblance to the actual cost of education. This somehow seems inevitable in hindsight. It is quite bizarre, a…
The college system in the US works well. The vast majority of students go to community colleges or public schools and end up with very little debt (if any). The nightmare stories you hear are about the small, vocal minority that go to expensive private schools and/or major in something that doesn't pay well (like theatre) and/or get Masters degrees that put them in debt.
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Re: Half of high school seniors won't apply to colleges costing more than $40k
#7> “The original purpose of tuition discounting was to make higher education affordable to low-income students,” Bridgewater president David W. Bushman said in a press release explaining the dramatic shift. “But over time, the practice has resulted in higher and higher tuition sticker prices that bear little resemblance to the actual cost of education. This somehow seems inevitable in hindsight. It is quite bizarre, a…
The college system in the US works well. The vast majority of students go to community colleges or public schools and end up with very little debt (if any). The nightmare stories you hear are about the small, vocal minority that go to expensive private schools and/or major in something that doesn't pay well (like theatre) and/or get Masters degrees that put them in debt.
I don’t think so.
> As of 2023, approximately 44 million Americans carry student loan debt, with the total student loan debt in the United States reaching $1.76 trillion according to the Federal Reserve. This figure includes both federal and private student loans. It's notable that the number of people with federal student loans is around 43.4 million, and there are about 3.5 million private student loan borrowers, leading to a total of around 46.9 million American adults with a student loan. The average student loan debt in the United States as of 2023 is approximately $37,645 per borrower. This figure represents the average amount owed by those carrying federal student loan debt
https://www.studentloanplanner.com/student-loan-debt-statist...
Re: Half of high school seniors won't apply to colleges costing more than $40k
#8Isn't it cheaper to come to EU and attend the uni here then return?
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Re: Half of high school seniors won't apply to colleges costing more than $40k
#9Earlier quoted context omitted.
The college system in the US works well. The vast majority of students go to community colleges or public schools and end up with very little debt (if any). The nightmare stories you hear are about the small, vocal minority that go to expensive private schools and/or major in something that doesn't pay well (like theatre) and/or get Masters degrees that put them in debt.
I don’t think so. > As of 2023, approximately 44 million Americans carry student loan debt, with the total student loan debt in the United States reaching $1.76 trillion according to the Federal Reserve. This figure includes both federal and private student loans. It's notable that the number of people with federal student loans is around 43.4 million, and there are about 3.5 million private student loan borrowers, l…
Average? Mean? Median?
Re: Half of high school seniors won't apply to colleges costing more than $40k
#10> “The original purpose of tuition discounting was to make higher education affordable to low-income students,” Bridgewater president David W. Bushman said in a press release explaining the dramatic shift. “But over time, the practice has resulted in higher and higher tuition sticker prices that bear little resemblance to the actual cost of education. This somehow seems inevitable in hindsight. It is quite bizarre, a…
The college system in the US works well. The vast majority of students go to community colleges or public schools and end up with very little debt (if any). The nightmare stories you hear are about the small, vocal minority that go to expensive private schools and/or major in something that doesn't pay well (like theatre) and/or get Masters degrees that put them in debt.
All true, however the amount of student loan debt (in total) is still a staggering amount.
And while state colleges have sticker prices well below those of privates, the pricey private schools are more likely to discount tuition. So students have to guess at where they’ll get the most aid/discount (most schools do a decent job getting these figures to prospects, but you have to apply to get them).
IMO, “shopping” for college shouldn’t be anything like buying a used car. The prices should be affordable and publicly shared.