This might be the final nail in the coffin for student debt forgiveness
-
wrote on 16 May 2022, 13:44 last edited by
Not something I had thought about, but a good point. CBS yesterday aired a piece on student loan debt, using as their poster girl someone who had accumulated $280,000 in debt going to Penn State. Penn State is $18K a year in state, twice that for out of state. She was complaining that now she could not go out to eat as much as she used to. Sounds like she borrowed to live the high life during undergrad. Poor thing.
-
wrote on 16 May 2022, 13:54 last edited by
Personally, I think $18K/yr is too high.
For most non-STEM degrees, $5K/semester is more than enough to teach college students.
-
wrote on 16 May 2022, 13:56 last edited by
I doubt it. In the mid 70's an inexpensive state university was costing me $3600 a year.
-
wrote on 16 May 2022, 13:57 last edited by
As somebody who worked as an adjunct once-upon-a-time, universities use plenty of them and they don't make beaucoup money. For most degrees, the first couple of years can be done with Master degreed adjuncts.
Secondly, internet classes should not cost the same as a class meeting in a lecture hall.
Third, (see adjunct statement) kids DO borrow to sustain a lifestyle.
-
wrote on 16 May 2022, 13:59 last edited by
Fauxahontas was asked by someone when they could expect getting reimbursed for their college expenses, which they paid.
She didn't answer, of course.
She was complaining that now she could not go out to eat as much as she used to.
I found that story. She also said, "and we can't take as much trips as we want to unless it's in our budget."
It's MANY, you college graduate.
She lives in San Francisco and works "for the government." Looked at housing prices there lately? No wonder she can't afford going out or traveling.
As for Kera Cheney, she has a long-range plan: "I really want to go to law school," she said. "If I can start making higher money, then I can afford my monthly payments."
So, Pogue asked, "Was college worth it for you?"
Cheney paused. "I mean, I had fun in college. It was a great experience. But for the lifetime of debt I'm gonna be living with … (sighs) That's so hard. That's such a difficult question."
"Higher money?" What the actual hell does that mean? She should ask for her money back from Penn State.
She presumably graduated 5-6 years ago (she's 28), when tuition was $32K - that's a total of $128K. She owes $280. Presumably some of that $160K difference is housing and interest. But, $40K a year?
-
wrote on 16 May 2022, 14:24 last edited by
Yeah, her plight does not pluck my emotional strings.
-
wrote on 16 May 2022, 14:40 last edited by
@Mik said in This might be the final nail in the coffin for student debt forgiveness:
I doubt it. In the mid 70's an inexpensive state university was costing me $3600 a year.
- Private college. $21/semester hour. $100 fees/semester.
1980 graduation. Private college. $23/semester hour. $150 fees/semester.
-
@Mik said in This might be the final nail in the coffin for student debt forgiveness:
I doubt it. In the mid 70's an inexpensive state university was costing me $3600 a year.
- Private college. $21/semester hour. $100 fees/semester.
1980 graduation. Private college. $23/semester hour. $150 fees/semester.
-
wrote on 16 May 2022, 14:50 last edited by
Personally? I think they should really promote two year community colleges more for the base curriculum stuff. I would love to see a university that only accepted Juniors and Seniors digging into their major courses.
-
@Jolly I've posted this before.
Northwestern Medical School 1972: $675 per quarter plus housing.
That works out to about $18K a year now.
Why does college cost so much? If only....
wrote on 16 May 2022, 14:53 last edited by@George-K said in This might be the final nail in the coffin for student debt forgiveness:
@Jolly I've posted this before.
Northwestern Medical School 1972: $675 per quarter plus housing.
That works out to about $18K a year now.
Why does college cost so much? If only....
Totally normal. Nothing to see here. Move along.
-
@Jolly I've posted this before.
Northwestern Medical School 1972: $675 per quarter plus housing.
That works out to about $18K a year now.
Why does college cost so much? If only....
wrote on 16 May 2022, 15:27 last edited by@George-K said in This might be the final nail in the coffin for student debt forgiveness:
Why does college cost so much? If only....
Baumol's cost disease, or so I learned here...
-
Fauxahontas was asked by someone when they could expect getting reimbursed for their college expenses, which they paid.
She didn't answer, of course.
She was complaining that now she could not go out to eat as much as she used to.
I found that story. She also said, "and we can't take as much trips as we want to unless it's in our budget."
It's MANY, you college graduate.
She lives in San Francisco and works "for the government." Looked at housing prices there lately? No wonder she can't afford going out or traveling.
As for Kera Cheney, she has a long-range plan: "I really want to go to law school," she said. "If I can start making higher money, then I can afford my monthly payments."
So, Pogue asked, "Was college worth it for you?"
Cheney paused. "I mean, I had fun in college. It was a great experience. But for the lifetime of debt I'm gonna be living with … (sighs) That's so hard. That's such a difficult question."
"Higher money?" What the actual hell does that mean? She should ask for her money back from Penn State.
She presumably graduated 5-6 years ago (she's 28), when tuition was $32K - that's a total of $128K. She owes $280. Presumably some of that $160K difference is housing and interest. But, $40K a year?
wrote on 16 May 2022, 15:33 last edited by@George-K said in This might be the final nail in the coffin for student debt forgiveness:
She owes $280K
I assume she bought the Maserati and the Bentley
-
@George-K said in This might be the final nail in the coffin for student debt forgiveness:
Why does college cost so much? If only....
Baumol's cost disease, or so I learned here...
wrote on 16 May 2022, 15:44 last edited by@Ivorythumper said in This might be the final nail in the coffin for student debt forgiveness:
@George-K said in This might be the final nail in the coffin for student debt forgiveness:
Why does college cost so much? If only....
Baumol's cost disease, or so I learned here...
Meanwhile, judges should recuse themselves from any case in which they have a personal interest. Academics, on the other hand, are above such self-interest in their areas of study.
-
wrote on 16 May 2022, 15:54 last edited by
Here's a good book on education and its costs, written by a legitimate academic with real insight and honesty. I think I heard Sam Harris interview the author about this book a few years back.
https://www.amazon.com/Case-against-Education-System-Waste/dp/0691174652