re: Holy Moly College is expensive

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I was laughed at on this board when I said I was saving to have 150k per kid when they graduate high school for college. That was about 10 years ago

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You got laughed at because you’re a lying alcoholic

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Have to live in a dorm at 18 to do that? Can only meet people in life as a freshman on a 4 year university campus?

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Agree, I don’t get the whole networking comment etc. You’re still on campus by 19 or 20, will meet people actually in your major, still have access to internships, can join frats/sororities….

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And this will likely never change. Higher education is a huge money-making machine now. They don't want the tap turned off.

I've argued for what you've said with others along with vetting prospective students based on high school performance and SAT/ACT scores along with showing satisfactory academic progress (3.0 minimum GPA) to continue to receive loans while finishing within 5 years (that's generous). Getting and keeping student loans should be akin to qualifying for a mortgage or business loan. This notion has been called racist and elitist by those I've argued with. They want basically a blank check from the fed for everyone to just go to college for whatever. Brilliant.

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I have people tell me I was an idiot and a racist for suggesting that the school and the student both should be held accountable for student loans. The school should not be allowed to access loans if they do not have some form of academic standard and have the type of graduation rates and career placement that far too many schools have and some people are simply not smart enough or capable of benefitting from an education beyond high school. Saddling them with a massive debt when they have no chance of earning a degree is a double-edged sword...they now have massive debt, which they ain't going to pay, and therefore have worse credit and still have no education. I am all for paying for education for those who can benefit from it, can't afford it and are in a field where they will earn a living when done....it is a cheap investment. What anyone with a brain should have a problem with is schools actively recruiting people they know damn well ain't qualified so the school can get a couple of semesters of tuition out of the taxpayer.

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This shouldn't happen because you can't repo a diploma.

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This is precisely why it SHOULD happen. Colleges need to be held accountable for offering garbage degree programs they know won't help their customers gain employment.

Also, removing the government guarantee will do nothing if college loans aren't dischargeable in bankruptcy.

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100k for a 4 year degree. the world is insane

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Unless my children have a full ride or plan on going to medical school that's a nope for me

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but those with garbage degrees usually become teachers

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I don't disagree, but at least teaching degrees result in actual gainful employment most of the time.

The problem there is the existence of "teaching degrees." These people would have great difficulty gaining employment if professionals with actual knowledge of the subject matter were not required to go back to school to obtain a "teaching degree" before being allowed to teach in a classroom.

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I wasn’t talking about teaching degrees

I’m talking about art history majors that go back through alternative certification because their job at the art museum pays minimum wage with no benefits.

Then they teach your 4th grader.

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I don't really have a problem with this, other than it being stupid that this person got an art history degree to start with. I do not believe someone with an art history degree should need a "teaching certificate" to teach art though. That is a scam.

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It’s $43k outstate now… at Alabama.

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Bama is giving a lot of full ride scholarships to out of state kids though. I know of a few people with kids who got everything paid and more.

Yeah but it’s like the Kohls approach where they mark things up so they discount it 40% and make people think they got a deal.

I remember $319 at USL in 1983, full time student