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The New Coffee Room

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  3. Student loans

Student loans

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  • CopperC Offline
    CopperC Offline
    Copper
    wrote on last edited by
    #15

    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.

    1 Reply Last reply
    • Doctor PhibesD Offline
      Doctor PhibesD Offline
      Doctor Phibes
      wrote on last edited by
      #16

      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.

      I was only joking

      1 Reply Last reply
      • 89th8 Offline
        89th8 Offline
        89th
        wrote on last edited by
        #17

        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 KG 1 Reply Last reply
        • 89th8 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 KG Offline
          George KG Offline
          George K
          wrote on last edited by
          #18

          @89th said in Student loans:

          stop this madness already

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

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

          CopperC HoraceH 89th8 3 Replies Last reply
          • George KG George K

            @89th said in Student loans:

            stop this madness already

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

            CopperC Offline
            CopperC Offline
            Copper
            wrote on last edited by
            #19

            @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.

            1 Reply Last reply
            • George KG George K

              @89th said in Student loans:

              stop this madness already

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

              HoraceH Offline
              HoraceH Offline
              Horace
              wrote on last edited by
              #20

              @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.

              Education is extremely important.

              1 Reply Last reply
              • George KG Offline
                George KG Offline
                George K
                wrote on last edited by
                #21

                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 -

                Screen Shot 2021-12-09 at 5.55.20 PM.png

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

                "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                X 1 Reply Last reply
                • George KG George K

                  @89th said in Student loans:

                  stop this madness already

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

                  89th8 Offline
                  89th8 Offline
                  89th
                  wrote on last edited by
                  #22

                  @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.

                  1 Reply Last reply
                  • George KG 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 -

                    Screen Shot 2021-12-09 at 5.55.20 PM.png

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

                    X Offline
                    X Offline
                    xenon
                    wrote on last edited by
                    #23

                    @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 KG 1 Reply Last reply
                    • X 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 KG Offline
                      George KG Offline
                      George K
                      wrote on last edited by
                      #24

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

                      Today, medical school is north of $65K.

                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                      1 Reply Last reply
                      • George KG Offline
                        George KG Offline
                        George K
                        wrote on last edited by
                        #25

                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                        jon-nycJ 1 Reply Last reply
                        • George KG George K

                          jon-nycJ Offline
                          jon-nycJ Offline
                          jon-nyc
                          wrote on last edited by jon-nyc
                          #26

                          @george-k said in Student loans:

                          Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”

                          The median tax dollar does not come from working class folks.

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
                          George KG LuFins DadL 3 Replies Last reply
                          • jon-nycJ jon-nyc

                            @george-k said in Student loans:

                            Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”

                            The median tax dollar does not come from working class folks.

                            George KG Offline
                            George KG Offline
                            George K
                            wrote on last edited by
                            #27

                            @jon-nyc said in Student loans:

                            Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”
                            The median tax dollar does not come from working class folks.

                            Picky, picky, picky...lol.

                            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                            HoraceH 1 Reply Last reply
                            • George KG Offline
                              George KG Offline
                              George K
                              wrote on last edited by
                              #28

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

                              FGg0egxXIAAr-L9.jpeg

                              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                              1 Reply Last reply
                              • George KG George K

                                @jon-nyc said in Student loans:

                                Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”
                                The median tax dollar does not come from working class folks.

                                Picky, picky, picky...lol.

                                HoraceH Offline
                                HoraceH Offline
                                Horace
                                wrote on last edited by
                                #29

                                @george-k said in Student loans:

                                @jon-nyc said in Student loans:

                                Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”
                                The median tax dollar does not come from working class folks.

                                Picky, picky, picky...lol.

                                Well, the median tax dollar doesn't come from the median tax payer.

                                Education is extremely important.

                                1 Reply Last reply
                                • jon-nycJ jon-nyc

                                  @george-k said in Student loans:

                                  Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”

                                  The median tax dollar does not come from working class folks.

                                  LuFins DadL Offline
                                  LuFins DadL Offline
                                  LuFins Dad
                                  wrote on last edited by
                                  #30
                                  This post is deleted!
                                  1 Reply Last reply
                                  • jon-nycJ jon-nyc

                                    @george-k said in Student loans:

                                    Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”

                                    The median tax dollar does not come from working class folks.

                                    LuFins DadL Offline
                                    LuFins DadL Offline
                                    LuFins Dad
                                    wrote on last edited by
                                    #31

                                    @jon-nyc said in Student loans:

                                    The median tax dollar does not come from working class folks.

                                    Want to bet? Median household annual income tax paid is $15K, with a Median effective income tax rate of 13.9%. That puts the median tax follar coming from households making roughly $105,000, smack dab in the middle of Joe the Plumbee territory…

                                    HoraceH 1 Reply Last reply
                                    • Doctor PhibesD Doctor Phibes

                                      @george-k said in Student loans:

                                      I’m 32 years old now,” the congresswoman said. “I have over $17,000 in student loan debt

                                      I owe about that on my car.

                                      This is unacceptable.

                                      RenaudaR Offline
                                      RenaudaR Offline
                                      Renauda
                                      wrote on last edited by
                                      #32

                                      @doctor-phibes said in Student loans:

                                      @george-k said in Student loans:

                                      I’m 32 years old now,” the congresswoman said. “I have over $17,000 in student loan debt

                                      I owe about that on my car.

                                      This is unacceptable.

                                      And your car depreciates over time.

                                      But then, so do some people’s brains.

                                      Elbows up!

                                      George KG 1 Reply Last reply
                                      • RenaudaR Renauda

                                        @doctor-phibes said in Student loans:

                                        @george-k said in Student loans:

                                        I’m 32 years old now,” the congresswoman said. “I have over $17,000 in student loan debt

                                        I owe about that on my car.

                                        This is unacceptable.

                                        And your car depreciates over time.

                                        But then, so do some people’s brains.

                                        George KG Offline
                                        George KG Offline
                                        George K
                                        wrote on last edited by
                                        #33

                                        @renauda said in Student loans:

                                        And your car depreciates over time.
                                        But then, so do some people’s brains.

                                        Yeah, but with potentially more consequences.

                                        Or fewer.

                                        Whatever.

                                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                        RenaudaR 1 Reply Last reply
                                        • George KG George K

                                          @renauda said in Student loans:

                                          And your car depreciates over time.
                                          But then, so do some people’s brains.

                                          Yeah, but with potentially more consequences.

                                          Or fewer.

                                          Whatever.

                                          RenaudaR Offline
                                          RenaudaR Offline
                                          Renauda
                                          wrote on last edited by
                                          #34

                                          @george-k

                                          It really upsets me about cars and trucks.

                                          Elbows up!

                                          1 Reply Last reply
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