When I was 17 and starting college I signed up for an amex card at the college orientation. I never got the card though and totally forgot about it. 10 years or so later I was running my credit report to buy a house and it came up. I still have it.There was a big fuss in the news a while back about credit card companies giving cards to college students and letting them pile up big debts. I believe that they were asked to stop.
There was a big fuss in the news a while back about credit card companies giving cards to college students and letting them pile up big debts. I believe that they were asked to stop.
They don't. Schools are competitive for the number of spots that employers say they will be able to support upon graduation. They also push trade schools and there us no bad stigma going to one over "the college experience"Tuition is far too expensive here, especially for degrees that cannot support it.
As far as people saying a $350/mo pmt isn't much, when you're 22 and can't find a decent job and that's a decent amount of rent, food, or car, it can get more tough.
It's why we see small business creation, household formation, among others, pushing out into the 30s.
And as far as Europe having free tuition. To what size of the population? Schools must be more selective. They can't afford to educate many of the morons going into the university system in the US.
It's really simple. Do you guys think that our system makes sense and is good for the country?
1. In the US you can get a mediocre education with a $35,000 job waiting for you on the other end if you're lucky, and still pay $120,000 for a 4.5 year degree. Even if you were lucky and went to a good affordable school, in state, and lived at home, it will still cost you at least $50,000 in tuition.
2. In Europe you can pretty much get your education for free.
3. In South America it might cost you a couple thousand dollars a year for a good public university or you might pay quite a bit for your private school education but if you do you'll be studying with the kids of ambassadors and rich business people and at least make lots of contacts. It'll still be less than the $100k people are paying today. On top of that, with my friends at least, there are a lot of waiver programs that negate 100% of your education costs as long as you work in the country and don't just take your education and run.
I am starting to feel like we're heading in the opposite direction of everyone else. Am I missing the big picture? Why would you want your population to be heavily in debt or uneducated unless your motivation is not in the best interests of the people? How can our politicians talk about how great our economy has improved, how unemployment is really low, about GDP, but not address this ginormous problem?
I'm seeing too many schools with close to 100% acceptance rates, low graduation rates, low job prospects, but $100k costs. Why is this even legal? I'm also seeing tuition hikes that are approaching 300% in the last 10 or so years. Look at the CSU system for example. Look at community college tuition rates. Look at the UC system.
Up until a few days ago I thought it was only lawyers and doctors taking on 6 figure debt but from the looks of it, just about anyone who wants a degree today, and doesn't have the parents paying for it, will have to take on a very heavy burden.
Even a cheap school like Sacramento State would cost you $8,438 a year for just books and tuition. So tell me again how I'm wrong?
60% of students graduate in 6 years. Only 40% do it in 4 years.
Take that number and multiply it out.
You really have no clue as to that you are talking about. You mentioned California systems, but you ignore the fact that the UC system and CC system in California waive tuition for all people who are low and moderate income. Most students who attend these system pay no tuition because it is waived. Many other states do the same thing. Tutition increases at the public system only apply to those who are wealthy.
You are clueless there are fee waivers and grants that you just ignore. You have no idea what you are talking about. I know someone who recently graduated from CSUS, not only did they not have to take out any loans, but the state and feds gave them enough grant money that they had thousands left over for personal fun.
I call bullshit. Sorry. The fee waiver is for the application fee so that's not even noteworthy. The grants are for tuition. If you're uber poor you would then be able to get for housing and food. The only way this person would have had thousands left over for personal fun was if he was either working or got scholarships on top of this that he blew.
Unless it has changed they base this on your family income and your assets. Most people going to college are dependent on their parents. You're probably talking about the Calgrant since I don't think it's the schools themselves who waive tuition.
The cutoff was a family making $75,000 if I remember correctly. You also can't have assets more than like $60,000 so only people renting have a shot at getting it. I think your family needed to make less than $40,000 if you wanted help with housing and food.
OMG you really have no fucking clue as to what you are talking about. Assets don't include your place of residents. You don't have to be a renter. Your place of residence is excluded from all assets, so is any retirement assets. Also the income amount is 80,000 which is the majority of students families make under. Also any debt you have such as CC debt or loans (Except loans from your place of residence) decreases your assets. It is NET assets excluding assets relating to retirement and residency.
Also UC gives you a grant equal to what isn't covered by CalGrant and PellGrant, this basically is the same as waiving the frees. The CC waives all fees before grants, and so the grants are in addition to the waived fees. Please educate your self.
The calgrant b is first used for books and supplies. It's like $1500. Once you leave home you might get more but I would need a link where they're throwing so much money at you that you don't need for rent and food.
After your first year, it has a cap, and what I'm curious about is if you can get it when you live at homeCalgrant B is over 5000 for CSU system a year. Not 1500.
After your first year, it has a cap, and what I'm curious about is if you can get it when you live at home
This is pretty undeniable. There are obvious exceptions and caveats; don't rack $40k/year on a sociology degree you're barely getting through, but overall college is a shitty deal, but not going is even shittier. There are many jobs that don't even require one in a practical sense, but your resume will be flushed without it. Having the resume trashed by a huge number of companies because you don't have a degree is tough, and even a worthless field like anthropology still lets you say you have one.I will say that I believe the recent explosion in tuition costs is concerning, but on average the gain in salary with a bachelor's is worth significantly more than the cost of the loans (including interest) over the working lifetime, when compared to only a HS degree.