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Started By
Message
College Enrollment Rates of Recent High School Grads, Dropping Since 2009
Posted on 4/22/14 at 9:23 pm
Posted on 4/22/14 at 9:23 pm
quote:
The figure shows college enrollment of recent high school graduates (specifically, it’s the college enrollment rate in October 2013 of people age 16-24 who graduated from high school earlier the same year). The data are volatile year to year, but they show that college enrollment of brand new high school graduates has been dropping since 2009. This is a worrisome trend, particularly to the extent that it is due to students being unable to enter college because the lack of decent work in the weak recovery meant they could not put themselves through school or because their parents were unable to help them pay for school due to their own income or wealth losses during the Great Recession and its aftermath. Falling college enrollment indicates that upward mobility may become more difficult for working class and disadvantaged high school graduates.
LINK
This is also indicative of rising college tuition cost due to the student lone debt brought on by easy to acquire student loans and Obama's student loan debt forgiveness program. Did we not learn our lesson from entering moral hazards like this already?
Oh well, live and learn...well not much on the learn part.
7
Posted on 4/22/14 at 9:27 pm to GumboPot
Hopefully, more folks are going into trades.
Posted on 4/22/14 at 9:29 pm to GumboPot
Student loans have always been easy to get. How is Obama's debt forgiveness program making tuition rates increase and enrollment decrease?
Also, haven't we been complaining for years that too many people are going to college, accumulating debt, and not getting degrees that equate into good paying jobs. We've had higher needs for students in trade schools the past few years.
Also, haven't we been complaining for years that too many people are going to college, accumulating debt, and not getting degrees that equate into good paying jobs. We've had higher needs for students in trade schools the past few years.
This post was edited on 4/22/14 at 9:32 pm
Posted on 4/22/14 at 9:30 pm to GumboPot
Too many people go to c college who don't belong there. It's not necessarily a bad thing to have c college enrollment drop. There are a lot of plumbers & welders out there making more $$$ than college graduates and without the debt.
We need to get rid of the mindset that insists every child should get a c college degree. That's just not true & it has consequences for other students & society. We should instead focus on every child being trained for a career, whether that involves traditional universities or not.
We need to get rid of the mindset that insists every child should get a c college degree. That's just not true & it has consequences for other students & society. We should instead focus on every child being trained for a career, whether that involves traditional universities or not.
Posted on 4/22/14 at 9:31 pm to RollTide4Ever
quote:
Hopefully, more folks are going into trades.
Agree. We need them.
Welders.
Pipe fitters.
Carpenters.
Plumbers.
Electricians.
These are good jobs right now.
Posted on 4/22/14 at 9:32 pm to GumboPot
Good
Posted on 4/22/14 at 9:34 pm to Mickey Goldmill
quote:
How is Obama's debt forgiveness program making tuition rates increase and enrollment decrease?
Encourages existing students to take on more student loan debt which puts more demand on college tuition, which increase tuition prices which discourages new high school graduates to enter into college.
Posted on 4/22/14 at 9:39 pm to GumboPot
quote:
Encourages existing students to take on more student loan debt which puts more demand on college tuition, which increase tuition prices which discourages new high school graduates to enter into college.
I'm not sure that logic makes sense at all. How does the increase is student loans put more of a demand on college tuition, thus making tuition rates increase?
Wouldn't a loan forgiveness program encourage more people to enroll overall? And the program isn't as amazing as some think anyway.
Public service work for 10 years = remainder of your loan is forgiven if you never missed a payment.
Private career = 20 years of work before it's forgiven. Again, that's after making the minimum payments and never missing one.
Posted on 4/22/14 at 9:42 pm to GumboPot
quote:
Agree. We need them.
Welders.
Pipe fitters.
Carpenters.
Plumbers.
Electricians.
You can add farmers to that list. There is a massive shortage of young people willing to farm or take over farms...farmers on average make way above the median income in the nation yet few young people want to farm. Which blows my mind considering the technology today makes it a pretty easy job and you get the whole winter off to do whatever.
Posted on 4/22/14 at 9:50 pm to Mickey Goldmill
quote:
I'm not sure that logic makes sense at all. How does the increase is student loans put more of a demand on college tuition, thus making tuition rates increase?
Students take out more student loans in anticipation that those loans will be forgiven. More student loans = higher tuition.
quote:
Wouldn't a loan forgiveness program encourage more people to enroll overall? And the program isn't as amazing as some think anyway.
As mentioned in the OP there are other reason for decreasing student enrollments. The WSJ article I linked makes the assertion that I paraphrased where the student loan forgiveness program is putting upward pressure on college tuition.
quote:
Public service work for 10 years = remainder of your loan is forgiven if you never missed a payment.
Private career = 20 years of work before it's forgiven. Again, that's after making the minimum payments and never missing one.
Right. So take on as much student loan debt as you possibly can (get a couple or three degrees) and after 10/20 years of paying the minimum payment put the bill on the tax payer.
This post was edited on 4/22/14 at 9:55 pm
Posted on 4/22/14 at 9:52 pm to deltaland
quote:
You can add farmers to that list. There is a massive shortage of young people willing to farm or take over farms...farmers on average make way above the median income in the nation yet few young people want to farm. Which blows my mind considering the technology today makes it a pretty easy job and you get the whole winter off to do whatever.
What are the most profitable crops?
Posted on 4/22/14 at 9:55 pm to GumboPot
quote:
More student loans = higher tuition
You still haven't explained why this is. Why is the loan forgiveness program putting pressure on college tuition?
quote:
Right. So take on as much student loan debt as you possible can (get a couple or three degrees) and after 10/20 years of paying the minimum payment put the bill on the tax payer.
1. Most people don't go into public service and after 20 years of paying a student debt, you are likely nearly done paying it anyway unless its a graduate level degree. That comprises an extremely small percentage of students.
2. Students also know that the more debt they accumulate = the higher their minimum payments will be.
I really don't think this is having near the impact you are suggesting.
Posted on 4/22/14 at 10:03 pm to Mickey Goldmill
quote:
You still haven't explained why this is. Why is the loan forgiveness program putting pressure on college tuition?
From the WSJ link:
quote:
"Loan forgiveness creates incentives for students to borrow too much to attend college, potentially contributing to rising college prices for everyone," the study said. The authors recommend scrapping the forgiveness provision.
quote:
I really don't think this is having near the impact you are suggesting.
I was just parroting the WSJ article that is referencing a Brookings Institution study.
Posted on 4/22/14 at 10:10 pm to RollTide4Ever
quote:
Hopefully, more folks are going into trades.
This x 1000000000
Posted on 4/23/14 at 1:34 am to GumboPot
That is because a college degree has turned into one of the biggest marketing schemes in the country.
Posted on 4/23/14 at 7:15 am to weisertiger
Step 1: Get accepted into college
Step 2: Sign up for loans you don't really understand
Step 3: Graduate (or don't, doesn't matter)
Step 4: Get a job that pays 1/2 per year as much as you owe, while interest is applied every year
Step 5: Hate your life
Step 2: Sign up for loans you don't really understand
Step 3: Graduate (or don't, doesn't matter)
Step 4: Get a job that pays 1/2 per year as much as you owe, while interest is applied every year
Step 5: Hate your life
Posted on 4/23/14 at 7:16 am to ShoeBang
Posted on 4/23/14 at 7:24 am to GumboPot
I started working full time in a manufacturing facility at age 20. Made "college grad" money by age 22. Now I'm 29, in an office job, making just as much or more than my contemporaries who have 40k or more in debt, while I have no student debt at all. So who came out ahead?
Posted on 4/23/14 at 8:45 am to Mickey Goldmill
quote:You really don't understand? Ok. Say the most an average person can possibly pay for college is $1000. The price will be somewhere near...$1000. Now give that person $1000 in loans. Now the average person can afford to pay...$2000. Guess what the new price will be... Somewhere near $2000.
How does the increase is student loans put more of a demand on college tuition, thus making tuition rates increase?
Posted on 4/23/14 at 8:50 am to GumboPot
good
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