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FED student loans: why allow schools to charge out of state tuition for non residents?
Posted on 2/17/20 at 5:58 pm
Posted on 2/17/20 at 5:58 pm
This question presupposes that one were to believe that the Feds should be in the student loan business- which i do not.
Why should schools be allowed to fleece out of town students and the Fed taxpayer by charging the an exorbitantly high amount, for the same education, strictly on the basis of residency?
Feds could nip this in the bud by stating this is not allowed and if it continues the institution risks losing other federal funding of their university.
Why should schools be allowed to fleece out of town students and the Fed taxpayer by charging the an exorbitantly high amount, for the same education, strictly on the basis of residency?
Feds could nip this in the bud by stating this is not allowed and if it continues the institution risks losing other federal funding of their university.
This post was edited on 2/17/20 at 6:18 pm
13
Posted on 2/17/20 at 6:00 pm to Covingtontiger77
quote:
This question presupposes that one were to believe that the Feds should be in the student loan business- which i do not.
Why should schools be allowed to fleece out of town students and the Fed taxpayer by charging the an exorbitantly high amount, for the same education, strictly on the basis of residency?
Feds could nip this in the bud by stating this not allowed and if it continues they institution risks losing other federal funding of their university.
If the government stopped idiotically backing student loans it would fix itself.
Any loan used for a university education must be co-signed by that university.
Posted on 2/17/20 at 6:01 pm to tiggerthetooth
I don’t disagree.
But all of these public universities take federal money via student loans and grants etc.
The schools shouldn’t be allowed to charge 1.5 - 2X to out of state kids.
Equal the tuition for all and let competition reign.
But all of these public universities take federal money via student loans and grants etc.
The schools shouldn’t be allowed to charge 1.5 - 2X to out of state kids.
Equal the tuition for all and let competition reign.
Posted on 2/17/20 at 6:02 pm to Covingtontiger77
quote:
Feds could nip this in the bud by stating this not allowed and if it continues they institution risks losing other federal funding of their university.
Or, even more common-sensically, loans could be issued only for the amount of in-state tuition. You wanna go to Vanderbilt? Great. Figure out the difference.
Posted on 2/17/20 at 6:04 pm to tiggerthetooth
quote:
Any loan used for a university education must be co-signed by that university.
You wouldn’t even have to get that drastic. Make them responsible for paying an equivalent of PMI to the feds for their student loan demographics and population.
Posted on 2/17/20 at 6:08 pm to the808bass
quote:
You wanna go to Vanderbilt? Great. Figure out the difference.
And I suspect, schools like Vanderbilt would start soon finding a way to close that difference a good bit on their own.
Posted on 2/17/20 at 6:10 pm to Y.A. Tittle
Yep
Posted on 2/17/20 at 6:14 pm to the808bass
If I had my way, I would forgive all student loan debt and then make student loans illegal forever.
We have an entire generation trapped in student loan debt that's preventing them from getting married, owning a house, and starting families but we cannot allow the racket that's higher education to continue as we have way too many people in college and those places are leftist indoctrination centers now.
Either earn an athletic scholarship, convince a business to pay for your college degree, or pay for it yourself.
We have an entire generation trapped in student loan debt that's preventing them from getting married, owning a house, and starting families but we cannot allow the racket that's higher education to continue as we have way too many people in college and those places are leftist indoctrination centers now.
Either earn an athletic scholarship, convince a business to pay for your college degree, or pay for it yourself.
This post was edited on 2/17/20 at 6:16 pm
Posted on 2/17/20 at 6:15 pm to Covingtontiger77
Simple explanation: In state student parents have been paying taxes to support capital improvements on campuses and out of state student parents have not contributed any in form of tax dollars. Tuition is minor amount compared to capital improvements on campus. Utilities, classroom spaces etc.
Posted on 2/17/20 at 6:22 pm to WindboyCajun
A lazy river and a grotto in the student Rec center. A cafeteria that makes a nice mall food court look pedestrian.
Etc etc
Etc etc
Posted on 2/17/20 at 6:22 pm to WindboyCajun
quote:
Simple explanation: In state student parents have been paying taxes to support capital improvements on campuses and out of state student parents have not contributed any in form of tax dollars. Tuition is minor amount compared to capital improvements on campus. Utilities, classroom spaces etc.
Going to push back on this.
The flagship universities get a VERY LARGE amount of their capital funding via donors, not taxes.
I’m not buying the federal tax payer should be subsidizing out of state tuition rates.
Posted on 2/17/20 at 6:23 pm to Covingtontiger77
In many states, there is a reciprocal arrangement based on grades, i.e., Arkansas and Texas. Based on your GPA/SAT you can get not only scholarships, but the out of state fee reduced up to 95%.
Posted on 2/17/20 at 6:24 pm to Covingtontiger77
I never understood why out of state residents were charged twice as much. An education is an education. If from out of state, the city itself benefits by having another tax payer.
Posted on 2/17/20 at 6:29 pm to Sentrius
I’m largely unsympathetic. I see my kids’ friends making just idiotic decisions (skipping a $20k/yr scholarship at Tulsa because “the campus is gross” and going to Baylor with almost no scholarship, going to Miami with a $10k scholarship when Northwestern offered a $25k scholarship and in-state schools were offering full-rides). I DGAF what happens to those kids’. But I’m getting old and crotchety.
Posted on 2/17/20 at 6:30 pm to Covingtontiger77
quote:
why allow
Allow? For fricks sake
Posted on 2/17/20 at 6:37 pm to the808bass
quote:
I DGAF what happens to those kids’. But I’m getting old and crotchety.
I understand this.
But student loan debt is absolutely going to be a political issue and the GOP needs to think long and hard about a compromise on it. Mine is the best one. Gives both sides the most radical solution possible.
Student loan debt is one of the biggest reasons why Bernie has so much support form young voters. Tucker Carlson has reputedly pointed that out and he has said that if the GOP is not careful, it's going to be an issue that will be a problem for them.
Young voters know that Bernie is a communist but they don't care and they debt is so bad they're willing to vote for someone who promises to make these chains on their neck and hands go away for them and the GOP better get their shite together on this issue.
Posted on 2/17/20 at 6:49 pm to Y.A. Tittle
quote:
And I suspect, schools like Vanderbilt would start soon finding a way to close that difference a good bit on their own.
Doesn’t Vanderbilt charge the same tuition rate for in-state and out-of-state residents?
Also, I get what the OP is saying. Residents and non-residents pay different tuition rates due to state appropriations, so in effect, limiting federal student loans to just in-state tuition lowers the overall tax burden. I could get behind something like this.
Posted on 2/17/20 at 6:54 pm to Covingtontiger77
quote:
Equal the tuition for all and let competition reign.
Which way do you think in-state tuition would go, if this were mandated by the feds?
Up.
Posted on 2/17/20 at 6:56 pm to Covingtontiger77
If it's the fed money you want you will do what you will to get it.
Posted on 2/17/20 at 7:04 pm to Sentrius
Student loan debt is the ONLY reason Bernie is in it now. The feds screwed up by not having a cap on the universities and by charging so much interest. It's my understanding that Obamacare is partially funded by this interest. What a tangled web we weave when we deceive. ABSOLUTELY the universities should have to co-sign the loans. The federal government is destroying these youngsters through student loans and credit card interest. Trump needs to take a stand against the fleecing of our youngsters.
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