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Started By
Message
Some colleges will charge up to $95,000 this year...
Posted on 4/3/24 at 2:53 pm
Posted on 4/3/24 at 2:53 pm
quote:
Some colleges will charge up to $95,000 this year but schools say it’s not a big deal because financial aid can ease the pain
Consider me shocked that the whole discussion of exorbitant student debt falls on deaf ears.
LINK
quote:
“Ninety thousand dollars clearly is a lot of money, and it catches people’s attention, for sure,” said Phillip Levine, a professor of economics at Wellesley College near Boston. “But for most people, that is not how much they’re going to pay. The existence of a very generous financial aid system lowers that cost substantially.”
Wellesley is among the colleges where the costs for wealthy students will exceed $90,000 for the first time this fall, with an estimated price tag of $92,000. But the institution points out that nearly 60% of its students will receive financial aid, and the average amount of that aid is more than $62,000, reducing their costs by two-thirds.
This STILL leaves you on the hook for $30,000 per year.
quote:
Aside from Wellesley, some of the other colleges with sticker prices of more than $90,000 this year include the University of Southern California at $95,000, Harvey Mudd College in California at $93,000, the University of Pennsylvania at $92,000, Brown University in Rhode Island at $92,000, Dartmouth College in New Hampshire at $91,000, and Boston University at $90,000.
In its most recent analysis, the College Board estimated the average advertised costs for private nonprofit colleges last year were $60,000, compared to about $29,000 for students at public in-state institutions and $47,000 at public out-of-state institutions.
Kantrowitz said the average unmet need for students at four-year colleges is about $10,000 per year.
37
Posted on 4/3/24 at 2:54 pm to LSUDVM1999
That's disgusting. No undergrad education is worth that
Posted on 4/3/24 at 2:56 pm to LSUDVM1999
We need skilled labor.
Maybe this will help some young men and women get out there and start welding, inspection, coating, plumbing, possibly become an electrician.
Maybe this will help some young men and women get out there and start welding, inspection, coating, plumbing, possibly become an electrician.
Posted on 4/3/24 at 2:57 pm to LNCHBOX
And then they will take a job making 40 a year and complain the rest of their lives
This post was edited on 4/3/24 at 3:02 pm
Posted on 4/3/24 at 3:00 pm to LSUDVM1999
quote:
schools say it’s not a big deal because financial aid can ease the pain
This is what our dumbass governor will create with his "$15K for private school" plan
Posted on 4/3/24 at 3:01 pm to LNCHBOX
Some Ivy League degrees are probably worth that just for the doors they open.
Posted on 4/3/24 at 3:01 pm to LSUDVM1999
Direct result of the availability of federal/private student loans.
That said, a college education was never meant as something everyone needed to have.
That said, a college education was never meant as something everyone needed to have.
Posted on 4/3/24 at 3:02 pm to LSUDVM1999
Paying all that to take a course on Taylor swift or oppressive patriarchy 101
This post was edited on 4/3/24 at 3:03 pm
Posted on 4/3/24 at 3:03 pm to GeauxTigers123
quote:
Some Ivy League degrees are probably worth that just for the doors they open.
Then by all means you go ahead an pay that. A gen ed from an Ivy isn't going to enable you to pay back $400k.
Posted on 4/3/24 at 3:04 pm to LSUDVM1999
Last Week Tonight just did a special on this insanity and LSU was part of the story with the lazy river 
Yeah John Oliver is a liberal shill but tuition is insanity and something needs to be done about it.
LINK
It’s 30 minutes but if you have Max you can just pull it up and watch it on there.
Cameos from those slime balls F. King and JBE. Luckily I attended LSU when out of state tuition was still reasonable. It’s insane how much it has gone up just from the early to mid 2000s.
Yeah John Oliver is a liberal shill but tuition is insanity and something needs to be done about it.
LINK
It’s 30 minutes but if you have Max you can just pull it up and watch it on there.
Cameos from those slime balls F. King and JBE. Luckily I attended LSU when out of state tuition was still reasonable. It’s insane how much it has gone up just from the early to mid 2000s.
This post was edited on 4/3/24 at 3:09 pm
Posted on 4/3/24 at 3:07 pm to LSUDVM1999
Imagine paying $90k per year to go to BU. LOL.
Posted on 4/3/24 at 3:09 pm to LSUDVM1999
Obvious solution: raise the minimum wage to $100k a year.
Posted on 4/3/24 at 3:10 pm to LSUDVM1999
Solution:
Student loan forgiveness should be strictly for people who can't pay it back, and instead of coming from the taxpayers, the government should recoup the cost from the university where the debt was incurred.
That way, you punish schools for excessive tuition and bogus courses.
Student loan forgiveness should be strictly for people who can't pay it back, and instead of coming from the taxpayers, the government should recoup the cost from the university where the debt was incurred.
That way, you punish schools for excessive tuition and bogus courses.
Posted on 4/3/24 at 3:11 pm to SloaneRanger
quote:
$90k per year to go to BU
Even in the days when AOC was there it wouldn't be worth 90K to motorboat her and you might get booted, even if you got her permission to do it.
Posted on 4/3/24 at 3:11 pm to GeauxTigers123
quote:
Some Ivy League degrees are probably worth that just for the doors they open.
They are until you dont pan out. Being smart and being a leader of people are two totally different things. I've seen a company bring in a fairly young Harvard grad who lasted less than 2 years and then let go.
With a degree holding so much clout, explaining being let go becomes a bit more tricky.
Posted on 4/3/24 at 3:12 pm to LSUDVM1999
But it's not a scam!
The 80s-90s were designed to indoctrinate us into thinking we can not succeed in life without college, plus they pushed "the college experience" onto us. Shift to the 00s to now as we see the Triumvirate continue to amass wealth.
Universities continue to increase tuition to levels beyond anything that is affordable
Banks profit off of the massive debts accrued by students as they accept the loans to pay for unaffordable tuitions
Govt officials see fat pocketbooks in the form of campaign donations from university faculty/administration and bank execs as a thank you, and Govt profits from the interest generated by these loans.
Rinse, repeat, rinse, repeat. The three all feed off each other while students get slammed with debts that are unpayable by most graduates.
There's a reason why highschool students never get educated on the profit/debt ratio of student loans; if they understood this then many would not ever go to University. I stress to my kids to know what their chosen career will pay and make sure any debts they accrue are properly ratiod to that income. A teacher should NEVER take on a $50K debt when their salary is $50K. Unfortunately we are at the point now where that is unavoidable.
The 80s-90s were designed to indoctrinate us into thinking we can not succeed in life without college, plus they pushed "the college experience" onto us. Shift to the 00s to now as we see the Triumvirate continue to amass wealth.
Universities continue to increase tuition to levels beyond anything that is affordable
Banks profit off of the massive debts accrued by students as they accept the loans to pay for unaffordable tuitions
Govt officials see fat pocketbooks in the form of campaign donations from university faculty/administration and bank execs as a thank you, and Govt profits from the interest generated by these loans.
Rinse, repeat, rinse, repeat. The three all feed off each other while students get slammed with debts that are unpayable by most graduates.
There's a reason why highschool students never get educated on the profit/debt ratio of student loans; if they understood this then many would not ever go to University. I stress to my kids to know what their chosen career will pay and make sure any debts they accrue are properly ratiod to that income. A teacher should NEVER take on a $50K debt when their salary is $50K. Unfortunately we are at the point now where that is unavoidable.
Posted on 4/3/24 at 3:13 pm to LSUDVM1999
quote:If you ever needed evidence that subsidies just raise prices, rather than make something affordable… there it is.
Some colleges will charge up to $95,000 this year but schools say it’s not a big deal because financial aid can ease the pain
Posted on 4/3/24 at 3:13 pm to AlterDWI
The issue here is this doesn't follow supply and demand
You would think... demand for college, high. Raise tuition, price goes up, demand goes down. Equilibrium.
No.
What happens is kids are force fed the notion they NEED to go to college.
Then they don't really know how much tuition is. The government steps in and says "don't worry about it kid we got this". The college then says "That will be a billion dollars" Us Govt says "bet"
The student applying really has no clue or concept of how to think about this.
Goes to college.
Uncle sam funds the whole thing.
Once kid graduates and matures Uncle Sam comes back and is like "hey bro you owe me like half a mil.... cool? Whenever you can get that back to me."
Im guessing what im saying in the scope of classical economics..... the price has no bearing whatsoever on the demand for said product
You would think... demand for college, high. Raise tuition, price goes up, demand goes down. Equilibrium.
No.
What happens is kids are force fed the notion they NEED to go to college.
Then they don't really know how much tuition is. The government steps in and says "don't worry about it kid we got this". The college then says "That will be a billion dollars" Us Govt says "bet"
The student applying really has no clue or concept of how to think about this.
Goes to college.
Uncle sam funds the whole thing.
Once kid graduates and matures Uncle Sam comes back and is like "hey bro you owe me like half a mil.... cool? Whenever you can get that back to me."
Im guessing what im saying in the scope of classical economics..... the price has no bearing whatsoever on the demand for said product
This post was edited on 4/3/24 at 3:14 pm
Posted on 4/3/24 at 3:13 pm to LSUDVM1999
I love how they include student loans as part of the financial package as if it's some great deal to lower the cost of tuition.
Even after I moved to NYC I ran into plenty of folks paying off oodles of student loans debt, when they have the same exact job I did after I went to a cheap in state school studying engineering.
I fail to see the value in paying that much for school for anyone.
What you study in school matters much much much more than where you studied, with very few exceptions.
I would love to have the economics professor explain what the ROR on a Wellesley education vs a state school.
Even after I moved to NYC I ran into plenty of folks paying off oodles of student loans debt, when they have the same exact job I did after I went to a cheap in state school studying engineering.
I fail to see the value in paying that much for school for anyone.
What you study in school matters much much much more than where you studied, with very few exceptions.
I would love to have the economics professor explain what the ROR on a Wellesley education vs a state school.
Posted on 4/3/24 at 3:13 pm to LSUDVM1999
Here's the REAL problem:
Yeah, sure, 60% of their kids get financial aid. But not if their parents are middle class. If your household is > $150k, which is middle to even lower middle class in a lot of the country, you won't get anything from them. So their 60% on financial aid student population is made up of 40-50% DEI admittances, 20-10% poor kids with great resumes, and the rest are rich legacy kids who don't care if it's $90k or $190k.
The working middle class of America is being frozen out of the "elite" institutions, regardless of how hard their kids work. In a generation, schools like Wellesley will no longer be elite, as kids who would once have been successful lifelong alumni donors went to "lesser" public schools and donate their money there, while Wellesley will have produced a generation of SJWs who aren't good for much else and donate elsewhere if they can even afford it.
Yeah, sure, 60% of their kids get financial aid. But not if their parents are middle class. If your household is > $150k, which is middle to even lower middle class in a lot of the country, you won't get anything from them. So their 60% on financial aid student population is made up of 40-50% DEI admittances, 20-10% poor kids with great resumes, and the rest are rich legacy kids who don't care if it's $90k or $190k.
The working middle class of America is being frozen out of the "elite" institutions, regardless of how hard their kids work. In a generation, schools like Wellesley will no longer be elite, as kids who would once have been successful lifelong alumni donors went to "lesser" public schools and donate their money there, while Wellesley will have produced a generation of SJWs who aren't good for much else and donate elsewhere if they can even afford it.
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