Yeah, the college costs have skyrocketed in the last decade. The university I attended used to be an affordable local uni in town. Part of the big increase is because the state cut funding for higher education, but also they are just charging a fuckton more.
You are correct, it’s out of state. Probably the best public school in my state was 35-40K a year for in state tuition (Rutgers).
Public school tuition in Georgia is free if you have a B (3.0) average or better, due to the Hope scholarship from lottery revenue. (Not housing, though)
I think a good portion of the extreme rise in tuition is tied to the rise of administrative personal. Yale now has as almost as many administrative personal as undergrads. Never went to college but I can't see why you need a 1:1 ratio
I always tell people who have kids debating where to go to maybe do the first 2 years at a community college and then transfer to a real university or college to finish up. Yes it might take away some of that traditional college experience of being away for a full 4 years, but that shits expensive.
I agree with you completely. That’s the route I took, and some of my friends steered their kids in that direction with my advice. Shit, I went to county for 2 years, then finished at a small public school. I make the same money and hold the same position as people at my company who have degrees from Penn State, BU, Notre Dame, Syracuse, etc. Does that make me a hypocrite? Probably. Again, under different circumstances my daughter would be going to a different school. But if you can’t afford it or simply want to exercise some fiscal restraint you folks are correct. There is no need to spend tons of money on college.
I have some family that were the kind of people who placed a lot of value on going to impressive sounding expensive schools. Tried to convince me to go to elite private liberal arts schools like Swarthmore and Lehigh. I thought it sounded cool. My dad was like, “If you wanna be in debt to your eyeballs, go for it.” I stayed in my home state and used my Florida Prepaid tuition that my grandparents got for me when I was born. Zero undergrad debt. My family who wanted me to go private are still paying off the half million they took out from going to a bunch of different schools over many years. For the most part, where you get a bachelors degree is irrelevant. In some instances, it matters, but it’s rare.
If you go to Community College for the first two years, you can transfer and still go to an elite university. The diplomas look exactly the same whether you graduate in 2 years or 4.
It also matters if you want to sound like asshole for the rest of your life. Case in point: people that went to Boston College High School, Boston College for undergrad and then again for their graduate degree. They call themselves, “Triple Eagles.”
Massholes. I went to a cheap state school. I really had no business going to college at that point in my life because I had no clue or drive to do anything about it. I’m glad my mom had me stick it out though. I’d have just worked restaurant jobs and partied into my 30s before getting my shit together like most of my other slacker friends.
Triple Eagle's almost as pretentious as "academic hodnophobic". I think college value depends wildly on what you're trying to study. For some programs, the value is in the connection to the field (ie, internships), and the smaller, cheaper schools just don't have it. For a degree like nursing, I think there's a really nuanced conversation to be had about "what's the cheapest way to get the license/job you want, and work backwards from that." The larger issue is a system that asks thousands of 17 year olds to make 6-figure bets with no recourse if they get it wrong is functioning as well as it sounds, given the state of our larger education system. I think there's some logic to seeing if the student loan money acts as a stimulus. Instead of it going more or less right back to Treasury, if it gets spent on other shit, as it cycles through the economy, it might generate more economic activity.
No, just that you seem completely out of touch with the rest of the population on most issues. What do you even do, again?
Everyone is focusing on that $10,000 number but they're missing the part where payments are capped at 5% of discretionary income. The government will also pay the interest so borrowers can actually pay down the principle. The goal here isn't to completely rework higher education. One of the goals here is to help unfuck people who have lived through multiple "once in a lifetime" financial crises with not only flat wage increases, but onerous loan payments. Reducing people's payments on college loans will ultimately put money back into the economy. This is a good thing for everybody. I fail to see any kind of drawback other than a bunch of hatin' ass haters being mad that they managed to pay their loans off or didn't have to pay them in the first place.
You wouldn't be pissed if you just paid your last payment a short time ago? Or if you busted your ass off and cash flowed your way through college? Or you spent tens of thousands on a trade school? Or if you took out an SBA loan to open your own business? Or if you're a senior in HS and will be going into college debt next year?