Wow. That's neat. I once had a conversation with a state legislator where he argued it wasn't the responsibility of government to provide grant and loan opportunities for higher education, and that by doing so, the federal government was disincentivizing saving and investing. Instead, he argued universities should be more market driven (which I will concede might introduce more price competition in the face of rapidl…
As a guy who grew up in an impoverished, rural family and received Pell grants and federal loans for my college costs, can someone explain to me why articles like this talk about students not being able to go to college without the donation? Has something changed since 1999 when I, with zero money or savings in my family, was able to go to college on government loans/grants based on the fact that I got in due to good…
Anonymous Donor Pays for College of Every Student in Kalamazoo
111–120 of 124 posts
Re: Anonymous Donor Pays for College of Every Student in Kalamazoo
#112Earlier quoted context omitted.
That doesn't stop bureaucracy from changing that decision or for the people that are donating to be sent to jail/etc before they can finish their promises.
Put the bong down, and reread this tomorrow.It may not have occurred to you, but the norm in phalinthropy is to establish legal structures at the outset which prevent those sorts of outcomes. You appear to think the money has either been handed over as a lump sum or is being delivered on an ad-hoc basis. Neither is likely.
Re: Anonymous Donor Pays for College of Every Student in Kalamazoo
#113Earlier quoted context omitted.
As a guy who grew up in an impoverished, rural family and received Pell grants and federal loans for my college costs, can someone explain to me why articles like this talk about students not being able to go to college without the donation? Has something changed since 1999 when I, with zero money or savings in my family, was able to go to college on government loans/grants based on the fact that I got in due to good…
Ramit Sethi argues that the belief that you can't go to college due to a lack of money is largely misplaced, at least in the USA. I'm sure there are edge cases where it really is impossible to get funding, but I know several people who went to very expensive schools and got it nearly all paid through various scholarships. NB: most of these scholarships were not granted by the college itself, but by an outside agency,…
I think a huge part of the problem is not so much the resources, but the mentality that surrounds the poor. Having grown up poor, I was focused on being cheap, not on value. Of course, no one every said, "Hey, with your 3.3 GPA maybe you should apply somewhere else".
I also only took the ACT once after having been away at summer camp and only getting 3-4 hours of sleep each night for the past week, and no idea until later that people retook it.
The other aspect, is that in small rural towns it has been my experience, that the guidance counselors who do the college admissions have no idea what to do with a student who doesn't want to go to the traditional schools, which in my case were the 3 nearest community colleges, the University of Nebraska, University of Iowa, or Iowa State.
Ramit, would tell you that just because the information is out there, that isn't enough. In regard to this, it is absolutely true.
Re: Anonymous Donor Pays for College of Every Student in Kalamazoo
#114I'd say the kids of Kalamazoo could use a break given the kind of stuff they have to deal with. http://www.calgaryherald.com/opinion/letters/Nose+Hill+Park+... Note: The above Kalamazoo sheriff is probably not quite as paranoid as the story suggests since Kalamzoo has a murder rate almost 7 times higher than Calgary despite being roughtly 1/14'th the size. If Kalamazoo is that dangerous, it's natural to assume a much…
Isn't murder rate per capita? I fail to see how size matters. Also this says the murder rate is half the Michigan average: http://m.countyhealthrankings.org/node/1404/15 The sheriff is apparently not very good at being off-duty, oh well.
Calgary
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2011 Population: 1,096,833
2011 homicides: 10
Rate: 0.91 per 100,000 people
Kalamazoo
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2011 Population: 74,262
2011 Homicides: 5
Rate: 6.73 per 100,000
So the homicide rate in Kalamazoo is 7.4 times higher. So much for small-town peace and quiet!Re: Anonymous Donor Pays for College of Every Student in Kalamazoo
#115Wow. That's neat. I once had a conversation with a state legislator where he argued it wasn't the responsibility of government to provide grant and loan opportunities for higher education, and that by doing so, the federal government was disincentivizing saving and investing. Instead, he argued universities should be more market driven (which I will concede might introduce more price competition in the face of rapidl…
As a guy who grew up in an impoverished, rural family and received Pell grants and federal loans for my college costs, can someone explain to me why articles like this talk about students not being able to go to college without the donation? Has something changed since 1999 when I, with zero money or savings in my family, was able to go to college on government loans/grants based on the fact that I got in due to good…
Re: Anonymous Donor Pays for College of Every Student in Kalamazoo
#116FYI Kalamazoo has three venture capital firms whereas to my knowledge Grand Rapids and Lansing have none. In fact until a few years ago there weren't any VC's in the Detroit city limits.
I don't know about Lansing, but there is a ton of angel / venture activity in Grand Rapids. There is now an engineering school (http://www.gvsu.edu/engineering/), a medical school (http://news.msu.edu/story/8262/), a multi-billion dollar biotech research facility -- which grants PhDs (http://vai.org/) all in downtown GR.
VCs:
http://www.bridgestreetcapital.com | http://www.mlive.com/business/west-michigan/index.ssf/2011/0... | http://www.maf-1.com/
Angels:
Coworking Spaces:
http://workthefactory.com/ | http://www.workcottage.com/
Incubators:
http://www.wmsti.org/about.htm | http://www.accelmich.org/default.aspx | http://www.gvsu.edu/marec/
Re: Anonymous Donor Pays for College of Every Student in Kalamazoo
#117With every added student, the school district gets another $7,250 from the state. That's per year, right? That's very close to the $4,200/semester number. So the college payments are almost equivalent to extending education from K12 to K16. That means that this could be done, even without donations, across the country.
There is a substantial difference: the $7,250 from the state doesn't come out of thin air, it comes out of the pockets of the Michigan taxpayers. The $8,400 per year for college comes out of the "Kalamazoo Promise" donation, not out of taxpayers' pockets. I am not aware of any state that has been able to convince taxpayers to fund the additional four years[1]. The "Kalamazoo Promise" sidesteps that issue via private…
Re: Anonymous Donor Pays for College of Every Student in Kalamazoo
#118Re: Anonymous Donor Pays for College of Every Student in Kalamazoo
#119Re: Anonymous Donor Pays for College of Every Student in Kalamazoo
#120Earlier quoted context omitted.
More market-driven? It's only since people started arguing that colleges should be run like businesses that tuition has exploded. There are things that shouldn't be market-driven. Look at Germany for an example - no vouchers needed to go to college there because the government simply pays for everybody (even foreigners). And the economy is doing fine.
Germany is a wonderful cherry-picked example, but it is hardly the only country in Europe to pay for higher education - many of the others aren't in such great financial shape. http://www.time.com/time/world/article/0,8599,1976724,00.htm... I would love to see higher education made accessible to everyone with the ability to do so, and would love to see college cost a lot less, even if it is too late for me (6 figures…