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16 Shocking Facts About Student Debt And The Great College Education Scam
business insider ^ | Dec. 26, 2010, 12:44 PM | Michael Snyder

Posted on 12/26/2010 8:46:04 PM PST by Flavius

As you read this, there are over 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation across the United States. Many of these institutions of higher learning are now charging $20,000, $30,000 or even $40,000 a year for tuition and fees. That does not even count living expenses. Today it is 400% more expensive to go to college in the United States than it was just 30 years ago.

Read more: http://www.businessinsider.com/facts-about-student-loan-debt-2010-12##ixzz19C0sagpR

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: college; educationfunding; highereducation; war
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To: Mariner
"I don't see any crime. Nobody is forcing these kids, most of whom spend their first 3 semesters in "catch-up" courses, to take out these loans.

Well I disagree,look at almost any job listing government or industry and you will see a degree requirement, and for most of the jobs it is a silly requirement. I didn't say training wasn't necessary BTW.

21 posted on 12/26/2010 10:11:16 PM PST by WHBates
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To: org.whodat

State colleges in Tennessee have gone up over 400% in the last 20 years alone. I went to school from ‘91-’96 and borrowed a little over $10,000 for all four years (that was for tuition, books, AND gas for my car. Now tuition and books alone will cost you $8000 per semester.


22 posted on 12/26/2010 10:37:43 PM PST by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: J Edgar

Todays college/university costs are unconsciencable. When I went to U of Cal ,Berkeley after WWII (it was a top world U,especially in my field and still is) my tuition as an out of state student was $300 + a semester with a $50-$60 student fee. G.I. bill paid this. When I see corresponding costs today into multiple thousands, I become very thankfull that at my time education was prime not dollars even though I’m sure some of the money today is very needed for worthwhile education.


23 posted on 12/26/2010 10:42:08 PM PST by noinfringers2
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Problem is most companies require a college education. My day job is in automation. I have done that for 18 years now, and by education I’m a mechanical engineer. When I first started, automation was fairly new, and a very large amount of people doing it were electricians that had a talent for it. My old boss wasn’t even an electrician but had a talent for it, and he ended up becoming the engineering manager for a large fortune 500 company..he was neither an engineer, nor even a college graduate. In our group there were about as many people without engineering degrees, as with. However, today, nobody will even be considered for a job in the automation department unless they have an engineering degree. I will tell you what, I would rather take an electrician with the aptitude and desire and train them, than 95% of new college graduates (even engineers)....and ironically, some colleges even offer degrees in process controls now, and those are always the worst possible people to hire..no imagination, or common sense


24 posted on 12/26/2010 10:46:06 PM PST by dsrtsage (One half of all people have below average IQ...In the US the number is 54%)
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To: Flavius

Just more social engineering by our government. The liberals think everyone should go to college. They’re about to give us another bubble burst.

Demos should change their party name to the “Bubble Burst Party” because they’re ultimately responsible for every one of them.


25 posted on 12/26/2010 10:47:47 PM PST by boycott (CAL)
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To: Mariner

I think, back when you could do these studies without being called a racist, you needed an IQ of about 110 to be able to get through college and and IQ of about 118 to get through Medical school. As I recollect only about 16% of the population has an IQ over 110. 64% fall between 90 and 110, then the curve falls off pretty steeply. Only 16% above 110 and 2% over 120. The average IQ of a physician was around 118 -124 depending on schools and region.

Being able to do non-decimal fractions in your head was sort of a marker for having a 100 IQ. The average IQ in the USA is currently estimated to be 96. I think around WWll it was around 102 depending upon the region of the country.

These numbers all predate the modern affirmative action era.


26 posted on 12/26/2010 10:57:27 PM PST by TxDas (This above all, to thine ownself be true.)
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To: Mariner

I don’t see any crime. Nobody is forcing these kids, most of whom spend their first 3 semesters in “catch-up” courses, to take out these loans.


It should be a CRIME.

Colleges and universities feel they have a BLANK CHECK because anyone with an IQ above 11 can get into some sort of “college.” They can afford it because government will provide them with more than enough taxpayer money to go — grants and loans.

A lot of these folks shouldn’t be attending college. They are lured there with the false promise of a better future. COLLEGE IS A BIG BUSINE$$.

Politicians aren’t going to cut funds for students. It would be too costly for them so colleges and universities will continue to go up every year regardless if they need it or not.

Also, there are a lot of fraud schools that are more than happy to take taxpayer money from the sucker that signed up for the “online university” scam degree.

Most kids would be better off going to trade school learning a vocation they can get a job with.


27 posted on 12/26/2010 11:01:39 PM PST by boycott (CAL)
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To: spodefly; WHBates

Ha ha ha!


28 posted on 12/26/2010 11:17:18 PM PST by ctdonath2 (Great children's books - http://www.UsborneBooksGA.com)
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To: jessduntno

30-40K for a top tier school is an outrage. We need to cut the salaries of the professors and limit what schools can charge, and what courses the students are allowed to take. Hey, if it’s good enough for Obamacare. It’s GOT to be good for the schools.


29 posted on 12/26/2010 11:38:17 PM PST by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: TxDas

It is interesting that you mention the IQ test.

That was basically outlawed in the seventies. I remember my mom telling stories about the IQ test at the company she worked at for at least seven years putting Dad through college. She tested higher than their engineers. When she left that company it took four people to do her job. They never paid her anywhere near that much!!!

Anyway, that old IQ test was a proxy for the college degree.

Guess what? Now the left has made a whole industry based on required indoctrination just to get a job. All because we can’t “discriminate” based on how smart you are.

The left has created a hell hole for education and the younger adults who will be creamed by all of this.


30 posted on 12/27/2010 12:01:19 AM PST by TruthConquers (Delendae sunt publicae scholae)
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To: TruthConquers

>>The left has created a hell hole for education and the younger adults who will be creamed by all of this.

I’m surprised that no one has mentioned (unless I missed it) that student loan debt cannot be discharged in a bankruptcy. These kids taking on huge student loan debt to get questionable degrees in areas that don’t pay much money are going to get creamed by becoming de facto indentured servants to those who gave them their student loans. These days, that entity would be the U.S. government, since the Dems just cut out private issuers.


31 posted on 12/27/2010 12:39:31 AM PST by FreedomPoster (Islam delenda est.)
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To: FreedomPoster

That is true. It should be mentioned...

I have a daughter that is finishing up homeschool high school. She has a creative bent, and has been training for ballet for years. She has run into the “not anorexic enough” glass ceiling and has been training with a modern dance company. Everyone in that company, members, trainees to apprentices, are all college graduates.

She knows full well that we won’t be paying for a dance degree. And no student loans. I figure that she can go to the local JC and get her GE courses done while she decides what she might want to do.

Her generation will be severely impacted with costs for an education that will NOT be matched with a reasonable job market to pay those loans back.

IT IS A CRIME WHAT THE LEFT HAS DONE TO EDUCATION.


32 posted on 12/27/2010 12:55:32 AM PST by TruthConquers (Delendae sunt publicae scholae)
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To: jessduntno

In cleaning out some boxes I found my old grade-school stuff. Mom had my receipt for my braces (upper teeth only) from 1973 I suppose. Was $600.

I think my kids (just finishing up with braces) it is about $6000 per kid!


33 posted on 12/27/2010 1:03:55 AM PST by 21twelve ( You can go from boom to bust, from dreams to a bowl of dust ... another lost generation.)
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To: TruthConquers

There is a difference between education and academics.

Education is a training of the mind in “how to think”, while academics is a study of thoughts.

From a theological perspective, we all need education. We might use academics to learn from past experience, so as to avoid mistaken ideas in our practice. In that context, a college training can provide outstanding academics and in some cases, that academia is useful in furthering our education.

Nearly, if not all the Ivy League schools were originally founded based upon promoting theological studies as a mechanism to further education, or “how to think”. Today those same institutions have removed themselves from even believing about God, drifted only into academia as a counterfeit substitute for education, and now are challenged to even compete academically.


34 posted on 12/27/2010 1:07:51 AM PST by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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To: TruthConquers

Interesting.

There is no compelling reason I can think of that a dance troupe member would have to have a college degree.

We are long past time for a rational, dispassionate re-thinking of our entire education system, from top to bottom.


35 posted on 12/27/2010 1:11:03 AM PST by FreedomPoster (Islam delenda est.)
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To: Cvengr

The remarks you make about education and learning “how to think” is why I homeschooled my daughter. She got a basic Classical education. I started out with “The Well Trained Mind.” She has also taken online college classes with the college founded by the Homeschooling Legal Defense Association, Patrick Henry. Christ centered college level courses are very important to me.

The public schools all the way to colleges actually DISCOURAGE critical thinking skills. Another reason to look for alternative routes that bypass colleges today.


36 posted on 12/27/2010 1:40:45 AM PST by TruthConquers (Delendae sunt publicae scholae)
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To: TruthConquers

I remember an etymology on the word “education” and how it was traceable back to the Hebrew nation in exile, seeking to train their younger generations how to think, in order to have life with God.

The same intent drove the establishment of most colleges in the Americas prior to the US. Theological training frequently sought to establish academic institutions to learn Greek, Hebrew, and Latin, to better study the Bible and learn His Word academically. The focus on those studies was to better hone their skills in furthering their education or “how to think” in fellowship with God, by what He provided.


37 posted on 12/27/2010 1:46:59 AM PST by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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To: FreedomPoster

I find it most annoying.

Last year my daughter did a performance with the director of this company. It was combined with three different “schools.” She had the leading role in “Sleeping Beauty.” The biggest mystery was who was going to be her “prince.”

The director finally picked out a company member. There were guys at the college she taught at who want the role, but she decided that they weren’t advanced enough for her. The member she was partnered with is currently doing “Wicked”. Yet, we know of another dancer who is not yet a company member who is taking college classes that the director teaches at. It makes me mad. She has no desire to go to that paritcular college. Yet she loves this particular director and her style of modern dance. Sigh.

There is no reason for the encouragement of these young people to get dance degrees just to be able to get a position in a modern dance company. None at all.


38 posted on 12/27/2010 1:50:45 AM PST by TruthConquers (Delendae sunt publicae scholae)
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To: susannah59

Many colleges are getting wise to doing your rhetoric at community college.

My neighbor was telling me that his daughter was going to do that, get all the rhetoric and basic classes out of the way, but found that almost no colleges will now accept those classes.

They want ALL yer money, and are giving kids a real hard time when they go to finish their grad work, by making them retake all the basic stuff, or so he was telling me.


39 posted on 12/27/2010 1:53:52 AM PST by esoxmagnum
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To: spodefly
formal collage is a waste of time

I much prefer an informal collage.

40 posted on 12/27/2010 2:02:02 AM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government.)
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