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Tuition costs have risen 710% since 1983
711–720 of 771 posts
Re: Tuition costs have risen 710% since 1983
#712Earlier quoted context omitted.
They do though. I was a Pell Grant recipient. All I did was fill out the FAFSA and the grant was automatically applied. That got me through community college debt free. When I transferred to a 4-year, I once again filled out the FAFSA and was eligible for an interest-free loan which covered the difference between tuition and my Pell Grant.
I'm wondering when and where you went to college and what other circumstances affected the size of your Pell grant. I went to community college in 2009. I filed my FAFSA and if I recall correctly, my Pell grant was $300/term. Meanwhile, tuition was $115/credit. My full-time class load was nearly $2,000/term once you included the books. When I transferred to the state University, tuition was double that and my Pell ba…
My Pell grant was around $1200/term. It was enough to cover tuition, supplies and still have enough for a refund at the end of the term of about $200.
The amount you get is based on your financial need amongst other things, so likely your parent could afford some amount of tuition from the govs perspective.
Max for a Pell grant is about $7k/yr atm
Re: Tuition costs have risen 710% since 1983
#713Earlier quoted context omitted.
The tuition for my university (state school) is about $7,000 per year which is coincidentally close to the maximum you can receive through the pell grant.
What university? In PA, Penn State's in state tuition and fees come to almost 20k and out of state is almost twice that: https://admissions.psu.edu/costs-aid/tuition/
Well rarely do you see someone on a Pell grant moving states to go to school, cause now room and board and food come into play.
There’s at least one site showing (oddly enough) private schools with lower tuition than Penn State as well as some non-private [1], but you’re still over the max of a Pell grant
1: https://www.bestvalueschools.org/cheapest-colleges-in-pennsy...
Re: Tuition costs have risen 710% since 1983
#714Earlier quoted context omitted.
They do though. I was a Pell Grant recipient. All I did was fill out the FAFSA and the grant was automatically applied. That got me through community college debt free. When I transferred to a 4-year, I once again filled out the FAFSA and was eligible for an interest-free loan which covered the difference between tuition and my Pell Grant.
Another crazy thought than. How about government simply pays for education. Sort of like universal income, but with education. No grants, no loans, just free education.
Then how do you decide who gets a bachelors, masters or PhD? What if I want to have a PhD in computer science but work a normal job? Will the gov pay for it or force me into research? What if I want to be an MD? Will the government pay for that MD while denying others that want a PhD? What happens when someone fails out of school? How do you avoid people using school to avoid the selective service?
Re: Tuition costs have risen 710% since 1983
#715Earlier quoted context omitted.
How is that different from the current system? People from low or mid-income families have access to scholarships and funding. Kids from ideal backgrounds don’t take out loans. If you’re saying schools get a blank check via grants and scholarships, then I’m not seeing how that fixes the issue. This problem feels super similar to the Us health care system. Those with blank checks for pre-negotiated prices (have health…
> People from low or mid-income families have access to scholarships and funding It might be relatively common for low income to get full rides or near full rides, but anyone in mid-income is getting saddled with tons of debt. I applied to college in 2011 with a household income of like 95k, with an older sibling already in college, and most "financial aid" packages from state universities added up to between $60k-$1…
> It might be relatively common for low income to get full rides or near full rides, but anyone in mid-income is getting saddled with tons of debt.
Because the government has determined that you or your parents make enough to pay for school on your own should you prioritize it financially. The low income people could not. For reference, my families household income was near $25k/yr and I got the first two years covered by a Pell. For $95k/yr you could certainly afford college.
Re: Tuition costs have risen 710% since 1983
#716Earlier quoted context omitted.
Why not just make it free? Kids from not-ideal backgrounds can compete on merit alone. The way this Supreme Court intended?
there's nothing like pure merit if you are talking about not-ideal backgrounds. those folks are already heavily disadvantaged. Making it "merit" is just compounding their disadvantage while advantaging those already with advantages. The myth of pure meritocracy lives on usually perpetuated by those blind to their own privileges.
> there's nothing like pure merit if you are talking about not-ideal backgrounds. those folks are already heavily disadvantaged.
I’m guessing you’re not from this background?
Low income people have a huge amount of programs available to them that decrease or entirely remove that disadvantage. as one example over 20 years my school district placed imacs and cable internet connections into low income homes for everybody in the district that qualified, and paid the internet bill for a year.
Re: Tuition costs have risen 710% since 1983
#717Earlier quoted context omitted.
> "Because the government is not doing its due diligence as a lender" That is called regulation, and once you start putting in regulations, then everyone starts screaming about big government and over-regulation. There is no winning, put in protections and you are some big government commie bastard, don't put in protections and you are heartless and ineffectual. And, I dare say, banks even in other areas where they c…
No, I would not call that regulations. Typically, regulations refers to the government restricting or requiring business activity. The government offering loans in the first place is regulation, and choosing not to do underwriting is part of that regulation. I.e. the government regulated that they would lend tens of thousands of dollars to any student, so student A can no longer bargain with the school for a lower pr…
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Re: Tuition costs have risen 710% since 1983
#718Earlier quoted context omitted.
If you don't repay your student loan, it dies with you. They won't go after your estate for the balance.
Sure but then it depends on *when* you die. Let's say you graduate at 22/23 and live till 70. For almost 50 years, you will be chased for that debt. Is that a good way to live ?
I mean after a while debt collector calls become easy to avoid and block.
Re: Tuition costs have risen 710% since 1983
#719Earlier quoted context omitted.
Are you kidding me? Half the faculty at any college, no matter the price, are adjuncts, who earn $2500 or so PER CLASS PER SEMESTER, while the 30 students in that class are charged $2500 EACH for that class. It's as close as you can get to free labor for knowledge work, basically the original Gig economy; Uber for teaching.
Almost none of that is true
That's what my mom got paid for being an adjunct, 10 years in a row
Re: Tuition costs have risen 710% since 1983
#720a16z had a great article on govt interference raising costs through the roof.
710% rise in education costs is American exceptionalism and greed.
If the federal govt stopped backing loans and let the market play out, the prices would come down.
If they removed employment sponsored healthcare loophole, and allowed a transparent pricing (like the one you get from your car mechanic before they fix your car), prices would come down.
There’s nothing magically different in health insurance vs car insurance.
I’m gonna get downvoted for this. Democrats have a good heart, but when they start giving away money, it’s not well thought out on how supply will react to increased demand.
PPP loans were a huge clusterfuck of giving out free money.
Now they’ve blown the debt ceiling.
The goal should be to lower prices, not to doll out more free money.
Inflation in house prices is nuts.
So you’ve got young people who can’t afford to own their home, ridden in education debt they may not be able to pay, not having kids since they can’t afford em.
Doesn’t look like a bright economic future.