Student loans

[George K]

“I’m 32 years old now,” the congresswoman said. “I have over $17,000 in student loan debt, and I didn’t go to graduate school because I knew that getting another degree would drown me in debt that I would never be able to surpass. This is unacceptable.”

[Doctor Phibes]

[LuFins Dad]

Personally, I am all for Student Loan forgiveness, but it’s just not the right time. In 3.5 years I think we will be ready….

[Jolly]

I think this may be a solution for some:

https://award.mylrap.org/?i=LAC

[xenon]

You can't give unlimited loans on the front-end where schools get into building arms races then jack up prices - while at the same time forgiving them on the back end.

It's just a crazy grovernment subsidy to schools, without any power to control costs. (Reminds me of healthcare)

[LuFins Dad]

@xenon said in Student loans:

You can't give unlimited loans on the front-end where schools get into building arms races then jack up prices - while at the same time forgiving them on the back end.

It's just a crazy grovernment subsidy to schools, without any power to control costs. (Reminds me of healthcare)

I generally agree except I think we should have a one-time forgiveness in May of 2024, possibly a follow up 2 years later, and one more in 2041.

[Copper]

My 4 years of college tuition (45 years ago) wasn't much by today's standards, but I would like to have it back. And it would be nice if you could adjust for inflation.

[Doctor Phibes]

I finished college with 200 GBP more than I started with. It cost my parents about 200 pounds a year, I think (to cover living expenses). Fees were paid automatically, and I got about 2 thousand a year to live on.

[89th]

The only way to stop this madness is to get out of the mentality of the government paying for everything, including paying off loans. Regulation, sure… heck even a requirement to align tuition with the CPI or inflation… but stop this madness already!

[George K]

@89th said in Student loans:

stop this madness already

I wish someone could tell us why college costs so much.

[Copper]

@george-k said in Student loans:

@89th said in Student loans:

stop this madness already

I wish someone could tell us why college costs so much.

That was 11 years ago.

Now it is really, really expensive.

[Horace]

@george-k said in Student loans:

@89th said in Student loans:

stop this madness already

I wish someone could tell us why college costs so much.

"Move along, nothing to see here" in 300 pages. I don't suspect it's aged well, if it was ever meaningful in the first place.

[George K]

I've posted this before, but just to recap.

I grew up in a pretty middle-class family. Mom was a pediatrician (the lowest-paid specialty) and Dad was a lab rat at the U of I Dental School. We were comfortable. but not luxurious.

In 1972, tuition at Northwestern Medical School, for my first year (excluding room & board, books) was $1,875 a year.

Adjusted for inflation -

I imagine few upper-middle class, or middle-class families today couldn't afford $12.5K for MEDICAL SCHOOL.

[89th]

@george-k said in Student loans:

@89th said in Student loans:

stop this madness already

I wish someone could tell us why college costs so much.

Good pull! I think I worked on that book cover too, or at least helped him 10 years ago on that.

[xenon]

@george-k said in Student loans:

I imagine few upper-middle class, or middle-class families today couldn't afford $12.5K for MEDICAL SCHOOL.

That's almost exactly my kids preschool cost for the year. (And we did not choose one of the swanky ones)

[George K]

@xenon and I graduated with zero debt. My parents were generous, of course, but not extravagant.

Today, medical school is north of $65K.

[George K]

[jon-nyc]

[George K]

[George K]

I know, I should have posted it in this thread, but what the hell.