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Posted on 6/2/16 at 9:38 am to Topwater Trout
quote:Inflation isn't the same thing as price gouging. Students shouldn't rack up large sums of debt without concrete, realistic prospects of paying them back, but the cost of college is obscenely out of whack.
because the price of everything else hasn't increased
This post was edited on 6/2/16 at 9:39 am
Posted on 6/2/16 at 9:38 am to lsu xman
I feel like if their debt is forgiven, their diploma/degree should be void.
This post was edited on 6/2/16 at 9:42 am
Posted on 6/2/16 at 9:38 am to Topwater Trout
quote:Nothing, and I mean NOTHING, has increased faster in cost than college tuition.
yeh because the price of everything else hasn't increased
Since 1985, the overall CPI has risen 115%.
College tuition has risen 500%.
If total tuition was $10k in 1985, it should be about $21k if it had followed overall inflation rates.
Instead, it with current increases, it is now about $60k.
That is absurd.
This post was edited on 6/2/16 at 9:41 am
Posted on 6/2/16 at 9:39 am to Epic Cajun
quote:
Earn a academic scholarship.
Well, we know you didn't.
Posted on 6/2/16 at 9:39 am to Topwater Trout
quote:
yeh because the price of everything else hasn't increased
This tells me you don't really understand the issue. College expenses have risen at something like 400 times the rate of inflation over the last 15 years. I worked a job while getting an engineering degree so I have no sympathy for these art history majors who should have taken the time to think about what they were signing up for, but higher education is a bubble right now and it's not good for anyone. These loans are way too easy to get and whether they're forgiven or just flat out can't be paid back, the result is the same for the taxpayer and economy.
Posted on 6/2/16 at 9:39 am to tduecen
How generous are debt repayment programs for govt employees? TIA
Posted on 6/2/16 at 9:39 am to BengalBlood81
quote:My argument is that we as a nation send billions annually to countries that don't give a frick about us, yet we neglect our own citizens and bitch we certain groups say "F America". We should fully invest in our own before we spend a damn dime on other countries.
2) why would I ask tax payers to pay off a loan that I took out? It's my responsibility.
Posted on 6/2/16 at 9:40 am to ManBearTiger
True but if they clear just $500/month, that's $6000/year times four years which is $24000.
Ehats the average cost of tuition, room and board, fees, and misc costs at a state school like LSU? $15k/year?
So the student comes out with ~$30k worth of debt with a college education, networking experience, and some preparation for professionalization. Not to mention the social experience, football games, recreational opportunities, and other cultural experiences.
System isn't perfect but that's not a crippling number to be paid off over 30 years.
Ehats the average cost of tuition, room and board, fees, and misc costs at a state school like LSU? $15k/year?
So the student comes out with ~$30k worth of debt with a college education, networking experience, and some preparation for professionalization. Not to mention the social experience, football games, recreational opportunities, and other cultural experiences.
System isn't perfect but that's not a crippling number to be paid off over 30 years.
Posted on 6/2/16 at 9:41 am to LNCHBOX
quote:
Well, we know you didn't.
Touche'
But, I really did.
ETA: Shitty excuse, but I initially typed scholastic, then replaced with academic after I was done typing the sentence.
This post was edited on 6/2/16 at 9:42 am
Posted on 6/2/16 at 9:41 am to TheDrunkenTigah
Crippling debt will eventually affect all areas of the economy. It's hard to start a family or buy a house when you're six figures in debt. Educated folk with debt will wait to start families or not start them at all, meanwhile those on government assistance will pop out 3-7 kids. Idiocracy is not far off.
Posted on 6/2/16 at 9:41 am to StringedInstruments
quote:Jesus
Ehats the average cost of tuition, room and board, fees, and misc costs at a state school like LSU? $15k/year?
Posted on 6/2/16 at 9:41 am to Topwater Trout
quote:
yeh because the price of everything else hasn't increased
you are clueless if you think college tuition is on par with inflation. It has soared past the median housing income, medical care, food and housing. It isn't even a debate; this is fact.
I'll be the first to say if you take out a loan, you should pay it back. Even if you feel you were misguided, that's still on you.
quote:
They have plenty of options. How many go to college (that shouldn't) and just drop out after a year or 2 and waste taxpayer dollars?
I don't disagree. I think my generation in particular is guilty of this. Not many are learning a trade when they'd likely be better suited for that. But not everyone wants to be a plumber, and just because they don't come from means, they shouldn't be forced to become a plumber because that is the cheaper option.
Posted on 6/2/16 at 9:41 am to NIH
quote:
How generous are debt repayment programs for govt employees? TIA
You have to make 120 consecutive payments at either the standard repayment rate (which would pay them off), or under an Income Based Repayment rate while working for an approved state or federal agency. After that, the rest of your loans are forgiven.
Posted on 6/2/16 at 9:41 am to NIH
quote:
How generous are debt repayment programs for govt employees?
I know that the Public Service Loan Forgiveness Program will wipe out your remaining loan balance after 120 payments.
Posted on 6/2/16 at 9:41 am to dcrews
quote:
frick em.
I tend to agree, but the student loan business is a clusterfrick of epic proportions. The government shouldn't be involved in the first place - same with the mortgage business but that is for another thread.
The debt should be treated like any other debt, i.e., it shouldn't be exempt from bankruptcy protection. As soon as you make the underwriting more stringent and remove the federal guarantees, the funding will dry up to all of these relatively worthless majors and students. You're not getting a loan for your mass communications degree without proving you're an excellent candidate for work after graduation.
Again, I don't have much sympathy for those stuck in the bind because they should know what they're doing, but at the same time, let's not let the racket off the hook either. Like in every other walk of life, when the person paying the bills is a 3rd party, shite runs amok.
Posted on 6/2/16 at 9:42 am to Epic Cajun
quote:
Touche'
But, I really did.
I couldn't help myself. Sorry
Posted on 6/2/16 at 9:43 am to StringedInstruments
quote:Two things:
So the student comes out with ~$30k worth of debt with a college education, networking experience, and some preparation for professionalization. Not to mention the social experience, football games, recreational opportunities, and other cultural experiences.
1) You are ignoring the fact that as a student, they cannot work full time.
2) I'm not sure if you are taking the costs of rent, books, food, and other things.
Posted on 6/2/16 at 9:43 am to Scruffy
quote:
You cannot work enough and go to school to pay off the increasing costs of college tuition.
Yeah the old days of 20 hours a week at the local hardware store ain't gonna cut it to live, much less pay for any sort of education.
Posted on 6/2/16 at 9:43 am to StringedInstruments
You're low balling the cost of attendance and also assuming that the student only stops at a bachelor's. In today's world you better either have a STEM degree, work in a field that doesn't incentivize graduate degrees, or you're pretty much looking at having to go to school again at some point.
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