Thanks gents...knew about the loans, that's about all the involvement I figured there was. I know you all think I'm a flaming liberal but I really do have another side. There was a front page article in the Louisville Sunday paper last week about the "crisis" regarding full time college students not having enough to eat. My wife about flipped out considering we both made our way through college by working full time jobs and going to night school. Sure that was many years ago, but there was no mention in the article about completing your degree this way. Only the poor fucks that have to go to school full time and can't manage to even work a part-time job to get some food. Cry me a goddamn river.
So very simply, somebody (I think it was the Clinton Admin) decided that everyone should go to college, so they vastly increased the funding for federal student loans (don't have time to look up all the data). They don't even do credit checks for most of these loans, so everyone could get them. In turn, colleges took advantage of this by enrolling as many people as possible, pushing them into loans, and jacking tuition rates through the roof. From there, simple supply and demand took over. HR departments started requiring degrees for even the most basic jobs, wages stagnated due to the glut of candidates, and so on. Had the government never gotten involved in this, college would still be for the intelligent/leaders among us, tuition rates would be relatively normal, there'd be a smaller candidate pool for management/business type jobs, there'd be more people working in the skilled trades, costs for everything made/done by skilled workers would be lower, etc, etc, etc.
For comparison, in 1972-73 a semester at Wentworth Institute cost $1200, and that included tuition and room but not food. And the room was a full-size apartment with two occupants.
rd, some of the other items that have gotten stupid expensive are textbooks, dorm rooms etc. My daughter's dorm room was far nicer than any apartment I had several years after graduating. Cost was about the same as a share of an apartment and she was in one of the cheaper suites. When I was in school, textbooks were usually good for at least a couple years and the used market on resale wasn't too insulting. Now if they last over a semester it is amazing and would rather give them away than take $2 on a $100 book on the used market.
Oh I'm very familiar with the costs. My son just graduated from U of L two years ago and I have a daughter that's taking a few classes right now. But we kept it cheap. They didn't go to an out of state school and they lived at home. They also worked part time while going. Truth is that college cost us about the exact same as the private school we sent them to, which was about $13K a year. Both of them have very minor student loans to pay back.
I've said it before, college and student loans are a new "bubble". It's amazing to see small schools now have massive campuses. It all comes from what the gov't has done. Created a supply and demand situation based off everyone getting money available for them to go to college. When I went to college ('94-'98) it cost me 10k PER YEAR, not semester, to go to a private university. I covered half that in scholarships. That was room/board/meal plan, etc. Now a days, that'll barely get you through a JUCO. My son is doing it right so far. He's coming up on the end of his sophmore year. He's gone to a local community college getting all his pre-req's out of the way. All in all, between scholarships and being smart, he's paid about 500 dollars for those two years. That includes books. (Do people even realize you can rent them for a semester off amazon at about 10% the cost of buying them from the college bookstore?) He's going to start his Junior year at our local private university. He's currently a Biology major, pre-med. Now, we don't know what our costs will be at this point. He should be able to get a lot of good scholarship money. He'll only pay tuition as he still lives at home. However, all that aside, if he were to pay FULL price for tuition/room & board, it would be THIRTY ONE THOUSAND PER YEAR!!!!! HOLY FREAKING SH*T!!!! I get that it's a private university. He could go to UNC, NC State, or even Duke for less; but that's still a daunting cost. This school has EXPLODED in size and is D1. (Last night my daughter and I went to a softball game where they were playing Duke. She's a prospect so we're checking out their program.) A few years back the school was, literally, 1/3 the size it is now. It's mind boggling how people can put down that kinda money without being rich. This isn't Harvard. The days of working your way through school are over. Not a 4 year degree anyways.
Actually NO, that's YOUR party of preference idea. Since we've shifted from El Chapo to college tuitions..... One of the attractive features to moving to Tn was that if your child keeps their grades up through HS, they give the first two yrs of college for free supposedly. Not all too familiar with the program cuz we have a few yrs to go yet. I'm guessing it's their County/Community college but heck it's better than what NJ offered. I'm counting my blessing, my daughter is a straight-A student thus far in HS, we just got a letter telling us that she qualifies for advanced courses in 3 classes which will give her college credits, she's only in 9th grade so very proud of her.
Almost like socialism except in socialism you don't pay after first 2 years either if your grades are good
With socialism, you drop at least 50% of your income into the lap of government besides the crapload of other taxes they hit you with, with what income you're left to keep. So NO, not even close to being almost the same or FREE. So I gotta ask, if not mistaken, you left European country to come here, yes? If socialism is your preference of governance, why come here? Tn has NO income tax btw.....
Yes I did live in socialism and know what it is but it does not mean I prefer it or has anything to do with what I posted. Nice try tho
Ohhh so then you KNOW the real differences between socialism and what you pretended to compare it to? Cool.
Cancun's getting worse it would seem? http://www.fox32chicago.com/news/na...eTyJAhJquQN5JzPIpIh_qBRek1l3qo6pWCTHxh2X29ukE
