Posted on 08/03/2011 11:39:36 AM PDT by SeekAndFind
Graduate students are going to take a big financial hit because of the debt deal, according to Michael Scherer's debt debate breakdown at Time.
They currently aren't charged any interest on student loans until 6 months after graduation, but the debt deal cuts that federal subsidy. The costs for grad students will increase by more than $18 billion over the next decade, according to the Congressional Budget Office. The change will take effect on loans made after July 1, 2012.
Students in degree programs that take lengthy periods to complete (such as medicine, law and any doctoral programs) will be hardest hit. Since most MBA programs are 24 months or less, the blow is lessened for b-schoolers.
Meanwhile, undergrads luck out. The Pell Grant program managed to avoid the guillotine and will survive for at least the next two years,
(Excerpt) Read more at businessinsider.com ...
Close the Department of misEducation and end all Federal involvement in education, except service academies.
Some Facts about College Graduates in the USA:
http://www.businessinsider.com/facts-about-student-loan-debt-2010-12?op=1
* Approximately two-thirds of all college students graduate with student loans
* The Project on Student Debt estimates that 206,000 Americans graduated from college with more than $40,000 in student loan debt during 2008
* In the United States today, 317,000 waiters and waitresses have college degrees
* There are about two million recent college graduates that are currently unemployed
* Total student loan debt in the United States is now increasing at a rate of approximately $2,853.88 per second
* There are 365,000 cashiers in the United States today that have college degrees
* In 1992, there were 5.1 million “underemployed” college graduates in the United States. In 2008, there were 17 million “underemployed” college graduates in the United States
* In the United States today, over 18,000 parking lot attendants have college degrees
* A staggering 85 percent of college seniors planned to move back home after graduation
* The typical U.S. college student spends less than 30 hours a week on academics
Oh. Wait. Those folks are the Left. When the Left wants to target "the rich", they mean Joe the printer who started a small print shop 30 years ago and now owns 4 stores and employs 60 people. He's the guy they want to "get".
Graduate Students (except maybe for Docs and Vets) need to go get a job and go to school part-time.
I WISH I could have moved home after college. My dad had his own family and my mom was traveling. I moved in with sis and took a job at a bar. Loved it. Paid my own rent/car, and eventually got a ‘real’ job and went from there. Moving home would have been a lot easier but now I’m glad I didn’t have that chance.
We need to plot the heavy involvement of Government into that timeline
This is because their committment to political correctness requires exponentially increasing funding to programs like Wymyn’s Studies and Minority Studies.
oh....boo hoo....
Graduate work is seldom worth much if it hasn’t been seasoned with a bit of real world work experience, following your undergraduate degree.
Then, either you or your company can pay for it.
Nobody will want to be a Doc under Obamacare anyway and we already have too many lawyers.
I did my masters part time the first year and full time when I got laid off. Lucky for me I got it in something marketable, instead of Wymyn’s Studies or Western Colonial Oppression.
I did mine part time, a long time ago. My son recently completed his going full time, but did get tuition for being a TA.
bookmark
Easy access to Gov't money (in this case loans) raises prices because educators and medical institutions don't have to be accountable to the consumer to keep prices low. All they need to do is lobby Gov't for their tuition which channels it thru the students and that sustains the high prices. High prices for low quality.
They’ll just go back to China.
Nailed it.
This says a lot about the level of achievement that a degree represents these days.
The bar is VERY low in some areas.
These good little liberal Marxists should be happy and proud to pay their fair share at a time when most people can’t afford to go to school to get Master’s degrees.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
