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College Unaffordable Even in Higher Income Brackets

nytimes.com

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Re: College Unaffordable Even in Higher Income Brackets

#211

Earlier quoted context omitted.

> Notice that the data breaks down salaries by the type of institution (phd-granding, masters-granding, bachelor-only) . > The average for a full professor is far closer to $91,935 because the vast majority of faculty/instructors in the US work at non-Ph.D. granting institutions. Okay, fair point. But schools that don't grant a doctoral degree are also the cheapest institutions (elite liberal arts colleges aside)--th…

> My argument isn't that "professors are paid too much." Well, okay. > It's that we have too much higher education. This seems well-covered in other threads. I'll just say two things: 1. A secondary education from a typical US high school is woefully insufficient for most well-paying jobs in the USA, and this is only likely to become more true over time. 2. Employers are on balance unwilling to invest in educating an…

You'll be hard pressed to find many of these "we have too much higher education" claimants who don't send their kids to college. rayiner himself is a lawyer.

No, it's always other people's kids who shouldn't go to college. Is that because there is 'too much higher education' or because they know that if everyone has that level of education, it's more difficult for their kid to succeed easily?

How many of these "there's too much higher education" folks can be heard calling Americans 'stupid' for not knowing x-y-z, 'foolish' for not investing in a/b/c or falling into this cultural or financial pitfall or another?

"Stupid people" are the only group in America that it's politically correct to make fun of, yet, rayiner wants people to be less educated. Why might that be?

Could it be that those who already have financial success due to their education -- much of which was bought and paid for by relatives and taxpayers -- don't want to lose their easy success and their cultural punching bags?

What other benefit is a population unexposed to the topics of higher education? That has never been made clear to me.

Re: College Unaffordable Even in Higher Income Brackets

#212

Earlier quoted context omitted.

> If after several years you don't repay it, it is wiped clean. What a deal. I had to check this as I had not heard of that before. "Several years" is 25 years under income-based repayment (years before you switched to income-based repayment do not count). The loans are not "wiped clean" - whatever balance is forgiven after 25 years is counted as taxable income, so actually you would be in a worse off position after…

How is paying a percentage of the loan balance as taxes worse than paying the entire loan balance? It would all be due at once (offhand I don't know what sorts of payment plans IRS has) so it could be worse that way.

> How is paying a percentage of the loan balance as taxes worse than paying the entire loan balance?

The IRS is much more aggressive about collections and will seize your property and garnish your wages:

https://www.irs.gov/businesses/small-businesses-self-employe...

https://www.irs.gov/businesses/small-businesses-self-employe...

When that 25 year forgiveness kicks in the tax money will be due all at once. Even with a payment plan the IRS collection schedule is 3-5 years. 30% of a lot of fake income is still a ton of money. This "debt forgiveness" will force a lot of people into bankruptcy, which btw does not discharge all tax obligations (http://www.nolo.com/legal-encyclopedia/will-bankruptcy-stop-...)

Re: College Unaffordable Even in Higher Income Brackets

#213

Earlier quoted context omitted.

> Because out-of-state tuition costs are dramatically higher. Yes, true... which doesn't expand your sample size in any way. > I could look at other Ivy's, but they would be very similar to Stanford. You could look at the list of Ivy's and find that Standford is not an Ivy. You could also look at the list of Ivy's and discover that they are not similar to other Ivy's. You could also look into how these places calcula…

I'm sure you consider yourself very smart. I see that you are vested in this argument. I can only surmise that my position doesn't match your political views. Get outside, go relax. This discussion isn't worth the strain it's putting on you.

If you don't want to debate, you can just stop debating. You don't have to condescend the person you're debating with. Is that really the person you want to be?
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