Posted on 03/27/2021 8:30:34 AM PDT by Brian Griffin
I think that’s going to propping up the existing galleries, etc. And, I’m betting some nice upgrades and bonuses to the folks already there.
My daughter took a National Merit Scholarship for a full ride. She met her husband at college who was also on the scholarship. Together, they had $23,000 in loans for grad school. They paid those in less than 3 years.
There are schools that will throw money at kids if they have good grades and test scores. National Merit comes from PSAT score in Junior year. If your kid didn’t get to take it, google Alternate Entry. If your kid is a sophomore have him study for the SAT this summer. Some colleges will give full rides, others full tuition for a National Merit kid. Even without national merit, your kid can get big money from colleges for high test scores and grades.
bookmark
In-state schools are running between $20-30,000 a year. Room and Board can be $8-18,000 a year depending on the college and area of the country. Some privates have hit $80,000 this year, with the expectation that in a decade it will top $100,000. That’s crazy.
If you kid has good grades and decent test scores there are some schools that will give scholarships for that. But test optional may kill that golden goose in the next few years.
But my medical school was $1600/year and it's now $100 000/year, so a summer job is just not going to get it done.
Well, if they can't get married and form families, it's too bad for everyone, you included, unless you are lucky and catch cancer before everything collapses.
The reason college costs rose at an order of magnitude greater than rate of inflation is precisely because the government took over student loans and handed them out like candy.
The universities could charge anything they wanted because the dumb 18-year olds they were exploiting would borrow whatever it took and hand it over to them.
I am all for student loan forgiveness if it comes out of the endowments of the universities who exploited them.
It's worse than that.
My fourth kid is graduating this May, I'm 0/4 with student "loans" so far (but I have 3 more to go). My third child, however, was "granted" a $5000 loan she/we never applied for or requested, it took almost a year to get it off the books, the college office looked at me like I was insane because no one had ever refused the "grant" before, and, after all, "no payments for four years!"
There's a lot of talk around here about lazy kids, irresponsible kids, stupid kids, etc., and they exist for sure, but the FedGov to college money pipeline has become very slick, totally non-transparent, you can walk into orientation and walk out with a loan that you've been told is a scholarship. All in all, this has turned into a FedGov subsidy for political indoctrination that winds up tagging the people least prepared to deal with the scam with huge bills they are not prepared to pay.
I agree that ending Federally guaranteed student loans which are not dischargeable in bankruptcy is an important first step - but the massive money tide is flowing the other way and I don't see a reversal any time soon.
You’re all a bunch of suckers. .........The above joke was in jest....
And we all love you for it. /sarc
And Thank You for your service./ for real
My son was at the hihh school skill center, the electrical contracter went there and recruited. Anyone should be able to contact an electrical contracter in your area and they will help get started.
I completed my BS & MBA in 80s via student loans, scholarships & part-time positions as undergrad teacher/tutor...all while being a single parent with two pre-teen daughters.
Somehow I managed to earn national academic honors and eventually repaid the loans in full + a whole lotta interest.
That said...
I truly despise the movement to forgive student loans as the “students” were old enough to grasp the economic impact when they received their loans. It was not a gift from taxpayers.
Thank you for the info. I will let him know.
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