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re: The student loan industrial complex

Posted on 8/17/23 at 2:49 pm to
Posted by CaptainBrannigan
Good Ole Rocky Top Tennessee
Member since Jan 2010
21644 posts
Posted on 8/17/23 at 2:49 pm to
And here come all the plant baws who barely finished high-school to tell us how to fix colleges.
Posted by GeauxxxTigers23
TeamBunt General Manager
Member since Apr 2013
62514 posts
Posted on 8/17/23 at 2:50 pm to
quote:

There are absolutely some colleges like this, but many don't have these levels of endowments.


They can shut their doors. This country could use a lot less higher education imo.
Posted by Jake88
Member since Apr 2005
68494 posts
Posted on 8/17/23 at 2:55 pm to
quote:

You got lucky and were able to get a huge discount on tuition
Just TOPS. That isn't luck, just a student who cares.

quote:

Most in-state students are still paying close to 24k a year in tuition.
What percent get TOPS? Freshman might pay that much but most are forced into off campus housing after freshman year and they can save money like that.
Posted by BugAC
St. George
Member since Oct 2007
52955 posts
Posted on 8/17/23 at 2:57 pm to
A problem that didn't exist, created by the government, as a solution to said problem that wasn't there, which has created a catastrophe only government can create.

Same as Obamacare
Same as Home Loan Crash in 2008

Posted by BugAC
St. George
Member since Oct 2007
52955 posts
Posted on 8/17/23 at 2:58 pm to
quote:

And here come all the plant baws who barely finished high-school to tell us how to fix colleges.




You're right. We should listen to the college-educated bureaucrats who created this disaster.
This post was edited on 8/17/23 at 2:59 pm
Posted by Ostrich
Alexandria, VA
Member since Nov 2011
8781 posts
Posted on 8/17/23 at 3:01 pm to
quote:

College should be for the rich, the super talented that earn scholarships based on merit and poor guys who can run really fast with a football.

The rest of us should be in trade schools.


Yep.
Posted by JasonDBlaha
Woodlands, Texas
Member since Apr 2023
2473 posts
Posted on 8/17/23 at 3:03 pm to
Room and board has a huge effect on tuition. If a student can live at home with his or her parents then that will significantly cut tuition down. And yes, TOPS can help as well although I don’t know how many students are able to use it.
Posted by Ostrich
Alexandria, VA
Member since Nov 2011
8781 posts
Posted on 8/17/23 at 3:04 pm to
quote:

The alternative is to put barriers up and only the wealthy can attend college.



The alternative is to completely eliminate federally backed student loans.
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
25933 posts
Posted on 8/17/23 at 3:07 pm to
quote:

Except you wouldn't be "educated," you'd just be trained.


There is a large contingent of tOT that views the only ROI of education as being financial. There is nothing inherently wrong with that but a well-rounded education tends to produce well-rounded people who can approach problem solving from multiple directions.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 8/17/23 at 3:10 pm to
quote:

And here come all the plant baws who barely finished high-school to tell us how to fix colleges.


The entire mess was created by people with very good college degrees

Your smugness on here has always been through the roof for some auburn grad
Posted by GeauxxxTigers23
TeamBunt General Manager
Member since Apr 2013
62514 posts
Posted on 8/17/23 at 3:11 pm to
quote:

There is a large contingent of tOT that views the only ROI of education as being financial. There is nothing inherently wrong with that but a well-rounded education tends to produce well-rounded people who can approach problem solving from multiple directions.


That’s all well and good. But the fact is that the majority of jobs that currently require a college education don’t really need someone who is educated. They just need trained individuals.

All we’ve done with opening up college to basically anyone that has the patience to fill out student loan forms is watering down the almighty “well rounded education.”

Posted by LemmyLives
Texas
Member since Mar 2019
6562 posts
Posted on 8/17/23 at 3:17 pm to
quote:

TOPS is a good system. It should be in every state. The standards are low. If you want more than that, pay it yourself. But at least if you are of even basic intelligence, you get a degree for basically free.


TOPS covers tuition, not fees. Do you want to know what happened the semester after TOPS went into effect. A fee equal to about a 1/4 of my tuition appeared on my bill (I didn't graduate from a high school in LA, so I didn't qualify).

The situation now, for a full time student (not including room and board):
Dedicated Fees $649.70
Academic Excellence Fee: $245
Technology Fee: $60
Building Use Fee: $48
Operational Fee: $80
Student Excellence Fee: $857
Posted by RT1941
Member since May 2007
30289 posts
Posted on 8/17/23 at 3:23 pm to
quote:

quote:
LSU tuition is way more than 18k a year. Even students with in-state tuition still have to pay 12k to 14k a semester after scholarships and grants. That’s as much as a fricking down payment for a car. It’s absurd
quote:

Wrong. I just paid it. With tuition, fees, room and board right around 9500 this semester.

DAMN Jake, you came out real good.

Alabama's tuition + fees are just under over $12,000 for Fall '23 semester NOT including room/board/food, etc.
Posted by DakIsNoLB
Baton Rouge
Member since Sep 2015
614 posts
Posted on 8/17/23 at 3:29 pm to
quote:

There is a large contingent of tOT that views the only ROI of education as being financial. There is nothing inherently wrong with that but a well-rounded education tends to produce well-rounded people who can approach problem solving from multiple directions.


Well-rounded doesn't mean much if you can't pay for your education as well as cost of living.
Posted by SoDakHawk
South Dakota
Member since Jun 2014
8626 posts
Posted on 8/17/23 at 3:33 pm to
Oldest just started college in Colorado this week. SoDak is a part of thelis Western States deal where we get close to in-state tuition. Still, the cost is ridiculous. But it's not the actual tuition costs that is the expensive part, it's the room and board and other BS add on costs.

No way it should be $1000 per month to live in a cramped dorm with a shared bathroom for 4. Stack em in at $1000 a pop. That's where the profit center is at on these campuses.

Getting off campus ASAP.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37202 posts
Posted on 8/17/23 at 3:35 pm to
quote:

They can shut their doors. This country could use a lot less higher education imo.


Dont disagree but that will have an economic impact on those communities and could cause upward price pressure if demand doens't fall as well.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37202 posts
Posted on 8/17/23 at 3:36 pm to
quote:

A problem that didn't exist, created by the government, as a solution to said problem that wasn't there, which has created a catastrophe only government can create.

Same as Obamacare


Meh. Obamacare has made things worse, not better, but to say there wasn't a problem originally is not being truthful. Access to health care has been an issue for many. Forced Unpaid health costs was a huge problem for providers.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37202 posts
Posted on 8/17/23 at 3:39 pm to
quote:

No way it should be $1000 per month to live in a cramped dorm with a shared bathroom for 4. Stack em in at $1000 a pop. That's where the profit center is at on these campuses.


Why do you think so many private investors are teaming up with colleges to build these dorms and "apartment style" on campus housing?

It's a freaking cash cow. All paid for with student loans.
Posted by DakIsNoLB
Baton Rouge
Member since Sep 2015
614 posts
Posted on 8/17/23 at 3:47 pm to
quote:

Why do you think so many private investors are teaming up with colleges to build these dorms and "apartment style" on campus housing?

It's a freaking cash cow. All paid for with student loans.


Yup. Also why they spring for multi-million dollar gymnasium/athletic centers.

As long as the loans keep coming, they'll operate this way.
Posted by LemmyLives
Texas
Member since Mar 2019
6562 posts
Posted on 8/17/23 at 5:16 pm to
quote:

There is nothing inherently wrong with that but a well-rounded education tends to produce well-rounded people


The 50s called. Have you looked at the average curriculum in the last 30 years? Nobody is reading Marcus Aurelius in college to learn perspective, how to be a better human, etc.

They'd be better served by spending a few summers working in Europe as a waiter or similar, visiting historic sites, talking to people from different cultures, etc. 100k worth of college, or listen to Hardcore History podcasts every week. Dan Carlin and Darryl Cooper are far more valuable for personal learning, as two examples. I think his subscription is $79 a year for premium access via Substack.

Don't discount Khan Academy, The Great Courses, etc.
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