Student loans

[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.

[Horace]

@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.

[LuFins Dad]

[LuFins Dad]

[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 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.