11–20 of 181 posts
So stop letting the government guarantee the loans. Watch how the prices fall once only a small fraction can afford to take a $200,000 loan to pay for their college, afterwards. US colleges have been spoiled. That's why prices are so high.
The issue is even worse than this article suggests. The article focuses on graduates. But students who fail to graduate, for whatever reason, are even worse off. They usually can't payoff their debt, so they go into default and have their credit destroyed for the rest of their lives. They can't try to go back to school later because they can't get new loans, and, with the latest laws, can't even transfer the credits…
its even worse than that.. Currently, if you have no income you are harassed to get into the payment by income program but that program requires you to make payments on previous loan payment program to become fully qualified for that lower payment plan. So guess what happens? Congress in their wisdom limited said plan to one try. That is right most of the people on that default list could have been avoided if the lim…
It blows my mind that it costs $400k to become a quality dentist in the USA these days. No wonder I see people train overseas and then just get a license here. How is health care ever going to be affordable in this country if the doctors and dentists have to carry so much debt?
No wonder people go to India or Eastern Europe to get their teeth replaced.
It blows my mind that it costs $400k to become a quality dentist in the USA these days. No wonder I see people train overseas and then just get a license here. How is health care ever going to be affordable in this country if the doctors and dentists have to carry so much debt?
Earlier quoted context omitted.
its even worse than that.. Currently, if you have no income you are harassed to get into the payment by income program but that program requires you to make payments on previous loan payment program to become fully qualified for that lower payment plan. So guess what happens? Congress in their wisdom limited said plan to one try. That is right most of the people on that default list could have been avoided if the lim…
Soon we will start seeing news of young graduates committing crime to pay off their student loans. Heck, it would be interesting to see a movie with this plot line.
Earlier quoted context omitted.
its even worse than that.. Currently, if you have no income you are harassed to get into the payment by income program but that program requires you to make payments on previous loan payment program to become fully qualified for that lower payment plan. So guess what happens? Congress in their wisdom limited said plan to one try. That is right most of the people on that default list could have been avoided if the lim…
Soon we will start seeing news of young graduates committing crime to pay off their student loans. Heck, it would be interesting to see a movie with this plot line.
If you go to an in-state community college and then matriculate to an in-state university in my state the total cost of college is (~$4500 for 2 years of CC living at home + ~$25000 for 2 years of closest to home in-state school) ~$30000 + the cost of living at home.
Meanwhile people continue to whine about sending their kids to school in places where they wrack up that much in debt per academic year before accounting for housing and travel expenses.
If you don't want to be in debt and you aren't rich or dirt poor make reasonable decisions and stop whining. If you can afford to replace your mini-van with a Prius, you can probably afford to send your child to college, especially if you save the difference during the CC years.
The real issue is that people feel entitled to the best schools and will so make absurd decisions to enable it regardless of what their child is studying or how well they actually do in college.
And all of the above said, I do agree that college is increasing in price more than it should. I think it's because research and lifestyle costs are getting pushed into tuition combined with state legislatures who don't want to support colleges in their state budgets that are really doing it. This has many pernicious effects, like transforming the college meal plan into a clone of your closest mall's food court.
At what point do these students realize the cost indicates they should stay from that school? Like, "Oh wait, even though X is a better school than Y, it will cost 5x more, and my starting salary will only be 5% less." Is that happening? It just seems some of these people are naive. Another example is ones that are unaware of the economy of the city they aspire to live in, and get a degree with little value in that c…
I'm not sure how you go about adequately informing students about a major life decision they are making.
Meh. This is (mostly) the students' and the families' who abet their stupid decisions fault. If you go to an in-state community college and then matriculate to an in-state university in my state the total cost of college is (~$4500 for 2 years of CC living at home + ~$25000 for 2 years of closest to home in-state school) ~$30000 + the cost of living at home. Meanwhile people continue to whine about sending their kids…