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Student loan increases making PSU a factory for white-collar poor
The Digital Collegian (Penn State) ^ | Wednesday, April 6, 2005 | editorial

Posted on 04/06/2005 12:53:57 PM PDT by Willie Green

For education and discussion only. Not for commercial use.

There was a time when attending college was a full-time job. Now getting through college requires a student to hold multiple jobs. Otherwise, graduates receive a diploma in one hand and a bill for $20,000 in the other.

As tuition increases, even at public universities, undergraduate students are being forced to work their way through college -- and then work off the rest after they leave.

Debt is slowly bypassing class, social life and alcohol on the priority lists of most undergraduate students.

Suspicions of an increasingly difficult financial burden on college students has been backed up by a U.S. Department of Education study that says the average debt burden for undergraduate students has skyrocketed in the last decade.

The study found that the average amount of money undergraduate students borrow to pay for college has increased by $7,200 in the last 10 years.

Not only is the average amount increasing, but the number of students resorting to student loans has also gone up significantly.

This "immediate and dramatic" rise in the number of students borrowing money began in the 1990s, the study showed.

And it's only getting worse.

Summer employment is inadequate. Even part-time jobs barely cover the expenses of food, books, and gas.

The problem is even more severe at a university like Penn State, where in-state students pay more to get a higher education than at any other institution in the country. Higher education was institutionalized to give the average person a chance to get a job and live comfortably.

With the way things are, living comfortably is a joke for most recent graduates, who are living more and more to pay off their debt incurred at "Dear Old State."

The Department of Education's study also found that students from lower-income families are taking on a greater loan burden than those from a privileged socioeconomic status. These are also known as the very students who deserve and have fought for economic parity the most. This is completely counterproductive to the goals of public education. Even scarier is the rise in loans for students from high-income families.

If students from privileged backgrounds must take out a loan to pay for college, it is ridiculous to believe that underprivileged students have a chance.

Meanwhile, American employers are increasingly requiring their workers to hold college degrees, even for minimal-paying jobs.

The American Dream has become the American Debt. Someone needs to stop the diploma from being a one-way ticket to the poor house.


TOPICS: Business/Economy; Culture/Society; Editorial; Government; US: Pennsylvania
KEYWORDS: doom; education; globalism; gloom; opportunity; schoolloans; tuition
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1 posted on 04/06/2005 12:53:58 PM PDT by Willie Green
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To: Willie Green

Whiners.


2 posted on 04/06/2005 12:56:57 PM PDT by Atlas Sneezed (Your FRiendly FReeper Patent Attorney)
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To: Willie Green

Somebody has to pay for the education, either the student or the taxpayer. I don't see anything inherently unfair about making the student pay a larger share, though it would probably be unfair if you increased their taxes later on in life to cut the costs for future students.

Of course there's always the option of not going to college.


3 posted on 04/06/2005 12:58:15 PM PDT by Moral Hazard (I'm an atheist gamer. I don't believe in God Mode.)
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To: Willie Green
These whingers need to toughen up.

I went to school full time while working full time and still managed to be drunk almost every waking hour.

I had stamina back then.

4 posted on 04/06/2005 12:59:31 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: Moral Hazard
I think the US Army will pay for college for a 6 year commitment...
5 posted on 04/06/2005 12:59:47 PM PDT by Eric in the Ozarks
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To: Willie Green
As tuition increases, even at public universities, undergraduate students are being forced to work their way through college -- and then work off the rest after they leave.

Somebody get me a violin.

6 posted on 04/06/2005 1:00:08 PM PDT by dfwgator (It's sad that the news media treats Michael Jackson better than our military.)
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To: Willie Green
They can do as I did years ago and go into the Navy for 4 years to get the GI bill. It didn't kill me and it won't kill them.

Naturally, there are extenuating circumstances for a few that makes this unacceptable.

7 posted on 04/06/2005 1:00:52 PM PDT by Citizen Tom Paine (An old sailor sends.)
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To: Beelzebubba

A college education would not be so high if......

1) Public schools would teach the children everything they need to go to college. Today, the first year and a half in college are dedicated to remedial education that should have been covered in public school.

2) Tenure for professors would end so new blood can be infused into the pool.

3) Colleges would stop building huge stadiums, gymnasiums, natatoriums, etc which have little to do with education, but everything to do with recreation - the true lure of today's colleges.


8 posted on 04/06/2005 1:01:09 PM PDT by Erik Latranyi (9-11 is your Peace Dividend)
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To: Willie Green
Otherwise, graduates receive a diploma in one hand and a bill for $20,000 in the other.

Twenty grand is a pittance.

9 posted on 04/06/2005 1:01:25 PM PDT by Carry_Okie (There are people in power who are REALLY stupid.)
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To: Willie Green

College age population is declining, alot of these leftist professors may have to get a real job soon. Or just keep billing us at ever rising rates.


10 posted on 04/06/2005 1:01:33 PM PDT by Lets Roll NOW
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To: Willie Green
Otherwise, graduates receive a diploma in one hand and a bill for $20,000 in the other.

$20,000? I WISH!

11 posted on 04/06/2005 1:01:44 PM PDT by Clemenza (Alcohol Tobacco & Firearms: The Other Holy Trinity)
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To: Willie Green
Lots of alternatives:

ROTC
Military Academy
Junior or community college for first two years
On-line colleges
Scholarships
etc.
12 posted on 04/06/2005 1:02:43 PM PDT by 2banana (My common ground with terrorists - They want to die for Islam, and we want to kill them.)
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To: Willie Green
Otherwise, graduates receive a diploma in one hand and a bill for $20,000 in the other. why dont they just ask their parents??? gosh! the horror to actually have to work your way through college! oh no! not that!!! thats too much work. what a bunch of whiners - i didnt b*tch. i worked. im still working to pay off the loan. they dont like? dont go to college. this article shows everything thats wrong with our generation.
13 posted on 04/06/2005 1:05:57 PM PDT by philsfan24
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To: Erik Latranyi

I'm 49 and returned to school because I want to become an interior designer. Unfortunately, tuition is so high, I'd be unable to pay back the loan and also consider retiring if I went for the bachelor's, which is what I want to do, so I'm settling for the 1.5 year decorator's diploma. Whine, whine, whine, whine, whine...!!! I know, but it felt good there for the moment!
:-D Tuitions really are WAY out of line. I have a Sallie Mae student loan and even the year and a half education I'm getting is very high.


14 posted on 04/06/2005 1:08:06 PM PDT by freepertoo
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To: 2banana
" Junior or community college for first two years"

I definitely endorse this idea. In my experience there's no difference in the quality of lower division courses between community colleges and universities, except maybe that the community college classes are smaller.

In fact I've never understood the drive to go straight in to a four year University program, since aside from being cheaper, it's usually easier to get into high end University as a transfer student, and it makes for a much smoother transition in terms of lifestyle with a community college as an intermediate step.
15 posted on 04/06/2005 1:09:25 PM PDT by Moral Hazard (I'm an atheist gamer. I don't believe in God Mode.)
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To: Willie Green

Meanwhile, American employers are increasingly requiring their workers to hold college degrees, even for minimal-paying jobs.

Well, here's a huge part of the problem. It's a racket between employers and colleges. I went to a private academy for high school, learned more than most college graduates do, and I can't get a good job because of a lousy piece of paper that somehow proves I know how to do something.

So, I put myself through night school and incurred $15,000 worth of debt just to get that piece of paper. I know this is the story of a lot of people today. I bet if the employers didn't place an artificial requirement, many students would not bother with college and just join the workforce as productive members of society.


16 posted on 04/06/2005 1:09:32 PM PDT by jrny (Anima Papae nostrae defunctae, Joannis Pauli secundi, requiescat in pace. Amen.)
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To: Clemenza

I'll have close to $20,000 and i'm just at a 2 yr school.


17 posted on 04/06/2005 1:11:08 PM PDT by ReeWalker (HELP!! I need a tagline!)
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To: Willie Green

I don't remember which book it was- "Up From Slavery", perhaps- where the author put himself through college by means of several part-time jobs.

But this, of course, was in the days before government made education affordable for all.


18 posted on 04/06/2005 1:13:19 PM PDT by George Smiley (This tagline deliberately targeted journalists.)
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To: dead

You also had a less vivid imagination.
FR rightly hammers the sorry state of today's educational system in our nation. But why,when an article smacks you solid in the face with one of the major problems of today's colleges you leap to slam the students?
One major reason for the skyrocketing tuitions is simply that the school administrations are padding their pockets with the blessing of the boards of regents while doing the same for the teachers.
University and college administrators have a never ending desire to build a monument to themselves. More and more buildings aren't ever enough. Heap costs for more building, programs and pointless course studies upon the students. They have very limited choices when it comes to tuition shopping even in the state schools.
Whiner? I don't think so.


19 posted on 04/06/2005 1:13:21 PM PDT by em2vn
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To: Willie Green

When I was in school I had to walk barefoot 10 miles in the snow all year round, up hill both ways to attend classes. Would anyone loan us $20,000? Hell no! They loaned us a swift kick in the groan if we so much asked to borrow a stub of pencil.


20 posted on 04/06/2005 1:14:43 PM PDT by durasell (Friends are so alarming, My lover's never charming...)
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