How to stop college inflation/wastage. Cap loans to 40K

[mysticjbyrd]

Sure. instate schools for instate residents. No jumping around the country because community college A is a uber electrics school.

You have to drive to a community college. CCs differ in the programs they offer as well.

 

[unokitty]

It Does Matter What you Major In

... talking about the bachelor's degree in general doesn't make a whole lot of sense, because its financial payoff is heavily affected by what that degree is in and which college it is from.

... it's clear: "It does matter what you major in."

And the differences are striking: For workers whose highest degree is a bachelor's, median incomes ranged from $29,000 for counseling-psychology majors to $120,000 for petroleum-engineering majors. The data also revealed earnings differences within groups of similar majors. Within the category of business majors, for instance, business-economics majors had the highest median pay, $75,000...

Counseling psychology was the only major for which bachelor's-degree recipients had lower median earnings than high-school graduates.

... college is becoming more and more linked to occupation. "The image higher education carries of itself as a large liberal-arts institution where everyone sits on the lawn and reads Shakespeare," he says, "hasn't been true since the 70s."

Pity that the government doesn't use their own statistics when they hand out money to go to college.

If they did, there might be fewer people whining about their inability to plan ahead and major in a field that would permit them to pay back all of that government money that they have already borrowed...

Uno

 

[JSt0rm]

You have to drive to a community college. CCs differ in the programs they offer as well.

There would have to be huge changes to how the community college model works and I dont have those answers but why do you say you have to drive to community college? Isnt that location dependent?

 

[OverVolt]

If you have no savings and are an average student how to avoid crippling college debt.

Don't go.

 

[LegendKiller]

show me those statistics.

We know this. Companies like SoFI, CommonBond, or DR Bank are refinancing billions of dollars of JDs, MBAs and DDS/DMD, DRs, at 1-2% discounts to current grad student rates and they have a handful of real defaults (not deaths) between them.

If you parse the Department of Education data the Budgeted Cohort Default Rate for Grad Plus loans is maybe 6%. Once you get down to the good schools, graduating good degrees, that falls to maybe 70bps. Once you underwrite to the major and job prospects, it falls to maybe 20bps and almost all of that is due to death.

 

[LegendKiller]

The fact of the matter is that nearly all LibArts degrees are not worth the money they cost.

 

[OverVolt]

The fact of the matter is that nearly all LibArts degrees are not worth the money they cost.

I misread that as the paper they are printed on.

Well same thing.

 

[LegendKiller]

I misread that as the paper they are printed on.

Well same thing.

Not really, they are worth something. Just not what they cost.