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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 ...
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It is much more than four hundred precent.
took me over ten years to pay off my loan...
Yes, just their own greed, self indulence in the name of education is destroying these colleges and universities!
The comments after the article get pretty foul in a hurry. One bozo claims that the “Yanks” are “F****d up”. I think we need to pay this punk a li’l “visit”...;)
good thing we are not in charge of sun coming up every day
The three big ticket items: college, health care, and housing. Banksters are still scheming how to get peasants to take out loans for food and water.
Most of the shocking facts aren’t so shocking; or even very interesting. They certainly aren’t worth 16 clicks.
College Tuition in 1964 for Boston College $465/semester.
College Tuition in 2010 for Boston College $30,950/Year.
Do the math. It’s pretty typical, I think.
And these days, many MANY students require an extra year because they were feeling good about themselves and “studying abroad.”
In the good old days we studied a broad and felt pretty good and finished in four years.
I work at a big company. Our HR department has a standing policy - they only consider a candidate's college education if they have been working for less that ten years. If they have been working ten years or more, they only care about their past job performance. Period. Too many colleges are getting rich by taking college loan money and telling kids that they will not amount to anything without a degree. Myself and dozens of my colleagues are living proof that they are wrong. The only thing that matters is success in real life. I work with some people who barely graduated from high school. But they are our top sellers, or our best engineers, etc. No one asks about their college transcripts. If they are producing, that's all that matters. Did Don Draper in Mad Men go to college?! Hell no. But he was the most creative ad man on Madison Avenue. And the same applies today.
I work at a big company. Our HR department has a standing policy - they only consider a candidate's college education if they have been working for less that ten years. If they have been working ten years or more, they only care about their past job performance. Period. Too many colleges are getting rich by taking college loan money and telling kids that they will not amount to anything without a degree. Myself and dozens of my colleagues are living proof that they are wrong. The only thing that matters is success in real life. I work with some people who barely graduated from high school. But they are our top sellers, or our best engineers, etc. No one asks about their college transcripts. If they are producing, that's all that matters. Did Don Draper in Mad Men go to college?! Hell no. But he was the most creative ad man on Madison Avenue. And the same applies today.
Our courses are required to be the equal of the same courses taught at bigger state schools. Our tuition is considerably lower, class sizes are smaller, and no courses are taught by graduate assistants (at least, not where I teach).
You won't get the football team nor sororities/fraternities, but you can get a decent education. We have some vocational/technical courses, as well.
I would encourage anyone considering college to look at the community colleges, and to consider taking every possible course at that level, using as little borrowed money as possible.
How can anyone argue with that? :)
i don’t know how humanity has made it this far.
We pay a monthly bill of 1500 (tuition management) covers tuition & rm & bd at UAF and we give him 500/month extra. $2000/month is as cheap as I can find with no loans taken out and no financial aid available. That degree is something every kid needs to have when they start out and they need to complete it when they are young. At least I have the peace of mind knowing he won't be in debt when he gets out.
When I went to PSU many years back, per semester was around 3500, now 9000; close enough to 400%. Anyway you look at it, a wise investment.
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.
Most people are not suited for college. They just aren't smart enough. However, somehow they get admitted.
There USED to be real standards, now all you need is a GED and a loan.
Most of these kids would be better off taking remedial course at the local CC and getting a job. Well, unless they want to be a teacher. A teaching degree is little more than a HS diploma.
Unless you are going to college to learn a specific profession (i.e. law, medicine, engineering), it is a total waste of money.
I know a poor sap that raised two daughters and almost went bankrupt sending them to the best colleges, spending well into six figures. After college, they both got married setting him back tens of thousands of dollars more.
One of the daughters got divorced and has moved back into his house with her two kids. He and his wife are pretty much locked into supporting them for years to come, putting their lives on hold. The other daughter did a little better, marrying a man with a decent job, but she never worked either - that college degree a waste of money for her as well.
When my two sons were growing up, people used to always tell me to put away a bunch of money for their college but I never listened to them. No way was I going to spend a small fortune subsidizing their keg parties and slacker lifestyles. My kids were going to have to earn their way into college.
My strategy worked. My youngest son is in his third year of college studying engineering at a state university. So far he has not had to take out any loans, he has paid half the tuition on scholarships and his own savings and pays for his own books with his part time job. My wife and I pick up the other half of the tuition but we pay as we go - after all it's a state college and tuition is reasonable. Also, he lives with us and commutes - no dorm life for him.
My oldest son decided to pursue a career in computer networking so he went to a Technical School instead of a college. He'll soon be making more money than most college grads.
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