Posted on 06/09/2019 4:06:40 PM PDT by reaganaut1
Tuition at state school is 8,9,10K PER YEAR now!!!!
Yeah but consider how much less i was earning back then too. Some idiot totaled my car during this time slamming into me and i was out 6 grand in a few months, that left me pretty much broke.
My college years were '70-'74 (with Newt at West Georgia College) and my folks paid. Be that as it may, I never even heard of a loan for college. It just that wasn't a thing back then.
As someone down the thread mentions, I think the cost has gone WAY up since 1970. For a state run college like I went to, there was really no need to borrow.
“As someone down the thread mentions, I think the cost has gone WAY up since 1970. For a state run college like I went to, there was really no need to borrow.”
Yes. Worth repeating. Costs have increased a lot. I also went to state universities and so did my children. Best bang for the buck.
“... lenders will prefer borrowers with good academic records and majors likely to lead to gainful employment. “
But that won’t be viewed as logic but racism.
Undoing the harm caused by the nation’s $1.5 trillion student-loan problem requires a broader solution ...
Wow, an article that actually criticizes student loans - but neglects that the “nation's” problem was caused by the government back in the Obama days.
They also raised the interest rate on these poor students ...
Many if not most AA women get scholarships, Pell grants and a variety of other non-personal funds for college. They shouldn't need to borrow much to finish college.
No mention of working a job. No mention of the Soros funded protest trips these kids seem to take to every DNC funded protest and rent-a-mob. (Last Craigslist ad I saw in DFW they were paying $25/hour).
But the truth in too many cases is that student loans get spent on living and partying expenses. Good blow ain't cheap according to a friend.
It's higher than that now... These days, state colleges (near me) charge more than $13,000/year for TUITION ALONE.
Room & board doubles that number. And textbooks cost around $150 each (on sale).
At private colleges, tuition is even higher.
Still, students can graduate with NO debt:
Either they must score high enough for a full scholarship.
Or, they can live with their parents, finish 2 years at community college, transfer to a university and commute to those classes too.
And/or they can go to college part-time while working.
Am now working on determining the current pay gap between persons who died 10-years ago and Burger King employees...
LOL. Probably so.
White men are more financially savvy and responsible?
Agenda-driven article does not give the amounts borrowed, but only uses percentages. The author and source should be considered discredited.
When my wife and I were in college, we slept on exposed box springs resting on concrete blocks, cooked on a hot plate, ate on a card table--never had enough money to buy a magazine, let alone go to a movie.
My mother gave us some furniture. Years later, when I was in the money, I tried to repay her. She wouldn't hear of it. So I bought her a mink coat and gave it to her as a gift.
My wife and I lived in poverty while in college and graduate school. Our relatives, meanwhile, had cars, houses, vacation trips, parties.
We were austere. And poor.
I was a millionaire at age 40, multimillionaire at 43, retired to live a life of luxury at 53.
I also set up a scholarship to send people to college. I don't know how many people I educated.
I also sent my wife through four years of college, each of my children through college three times, and set aside enough to educate my grandchildren.
As soon as I retired, I enrolled in college again as a full time student--made straight A's.
My children are thrifty, always live within their means--and are staunch Trump supporters!
My grandchildren have always known luxury, but they are thrifty and practical, chastise me if they think I'm being too extravagant.
On a recent shopping trip with my 11-year-old twins, I had my grandson trying on a shirt. His sister, my granddaughter, looked at the price tag (which I hadn't even noticed) and exclaimed: "Do you know how much this costs? This shirt costs $120!" My grandson immediately took off the shirt saying: "We're getting out of here!" They both stormed out of the store in outrage before I could get the shirt back on the rack.
Is it the ability to pay off loans or the willingness to work and use some of the money to pay down the debt instead of waiting and hoping for some debt “forgiveness”?
Excellent points on today’s indebted college graduates.
We used to say “Dr.Jones makes so much money every hour all day and he has a big house and luxury cars.” then “Yes but you know how much in debt he went to get that degree before he made one dime.”
Now: “So, my dear daughter, what did you think you were going to do with your degree in Metric Poetry Theory and a minor in Response To Toxic Masculinity?”
“Dad, it seemed like a good idea at the time. And my job at Costco isn’t really that bad, sometimes. My loan repayment bill says at this rate I will be paid up in 2047.”
I made those up. However please see sites such as https://www.ranker.com/list/most-useless-college-majors/school-buddy
LOL. Some of the majors on the list you linked to aren’t much different from the one you made up. lol
They cannot all be HR managers. Oh wait...they already are.
Gots have your priorities straight, man.
My oldest black daughter finished college, just flipped a house and paid off her loans. Married now with two kids
My second black daugher just got her nursing license and is planning to work nights and weekends and should have her debt paid this year. Married.
My third black daughter has her employer paying for her education.
My black son has no school debt.
My first full-time job out of school paid a whopping $18k. That was in Computer Operations for BC/BS in Illinois. I also worked two part-time jobs during weekends and evenings. Part time job #1 was installing TV Antenna's, Cable TV, whole-home stereo systems, alarms and central vacuuming systems for a friends company. Part time job #2 was doing computer programming for a dinner-theater on the SW Side of Chicago.
I paid off my student loans in three years. That in addition to getting married and buying my first house and rehabbing it.
All it takes is hard-work. Some people are willing to do it and others are not - because they feel ENTITLED to everything.
That's all I'm saying.
If you can't pay back the loan, you have no business taking it out in the first place.
https://www.city-journal.org/vocational-education
there is a graph half way down in this excellent article that I recommend that everyone sees. I cannot post it.
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