Posted on 11/16/2012 2:13:00 PM PST by SeekAndFind
College tuition seems to be going in only one direction: Up. And as grants and financial aid arent going as far as they used to, students and parents are having to borrow more to go to college.
I wrote about spending per degree for todays paper, and quoted Kevin Carey, the director of the education-policy program at the New America Foundation, a nonprofit in Washington D.C. that analyzes public policy.
He argues that Americans go to college because the have to, and after graduation start moving forward through life attached to a financial ball and chain.
In his opinion, the simple act of borrowing tens of thousands of dollars for college contributes as much to increasing costs as anything.
New regulations have forced colleges to be more up front about the total cost of attendance, but there are still no requirements to factor in how much students and parents will end up paying after 10 years of interest is added on to that total bill.
The National Association of Student Financial Aid Administrators put together a brochure this month that lays out exactly what the debtor will end up paying. Its an important reminder of how much a college degree actually costs, and a good tool to have when deciding where to apply to college.
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Jason deBruyn covers Health Care, Higher Education, Nonprofits and Sports Business.
I’m a part of the data center set-up and it is very exacting. The folks before us milk it like a sovereign cow.
But all they have to do is work for a non-religious nonprofit or the gov. for 10 years (with 120 continuous payments) and complete “forgiveness” of their student loans of any amount is offered. and which provision may be seen as populating government with liberals
College has turned into a scam where folks pay good money to become indoctrinated by Satan’s minions.
College should be funded by Pay as you go.
No Loans. You either work to pay for your Education, use money you have saved or get the money from your Family or some guilt ridden Alumni handing out Grants and Scholarships.
Tuition costs would tumble overnight.
“College should be funded by Pay as you go.”
Here’s my tale of paying for college...
When I left high school, I went straight to college and proceeded to have too much fun and mess up my first three semesters. My parents told me to straighten up or they’d close the purse strings, but I was 19 and I knew way more than they did ;-)
I told them I was going to work for a year and then go back to college. They proceeded to inform me that I would be doing such a thing on my own dime.
A year or two in the workplace convinced me that my parents may have known a thing or two more than I did. So I got a job with a large management consulting company - but in a low-level administrative function. While I worked there, I took advantage of their tuition remibursement program and worked my way through college at night. Yes, it took me six years to get my degree, and I had to pay for a few courses myself, and it was a pain to work and study at the same time, but by the time I graduated I also had moved up through the ranks at my company - and I now had a degree, a good reputation and a regular paycheck at solid company, and no student debt.
I also had the priceless education that my parents gave me by kicking my tochas to be responsible for my own future!
It can be done - but it takes WORK, and being humble enough to realize that you won’t start out as the CEO. Lots of companies have tuition reimbursement as a benefit. It worked for me.
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