Too much money being spent here. Schools have no incentive to keep costs down
nor do students care because it is someone else's money. Schools are
ripping of the student with today's high tuition costs and students then
rip off the tax payer by not repaying the loan that should never have been
allowed to get this high in the first place.
I dropped out of college as a newlywed due to the financial strain it was
causing for my wife and I. At the time I had multiple family members encourage
me to take out loans to pay for school. Five years later, I'm earning more
than most of my college educated friends, and I'm not trying to pay back a
huge debt. Eduction should be sought after, but today's system is not what
it used to be. That bachelors degree that used to almost guarantee you a good
paying job has all but vanished.
Eliminate funding of student loans for most of the for profit colleges with
their ridiculous programs and we'll be a lot better off.
A large part of the problem is the student themselves. They take the all of the
loans they possibly can. Purchase a car, get a nice apartment, purchase a
computer, go on a trip to reward themselves etc.If they used it
strictly for tuition and books, and worked a job to pay rent, food,
transportation etc they wouldn't have soo much debt on graduation. Or like
smart students that work and pay cash as they go through school, you can
graduate debt free.The other problem is the school and the
politicians that run them, keep broadcasting numbers that if you get a degree.
Any degree. You're starting salary will be at least $60,000. That is only
applicable for some degrees.Stop misleading students!
Amen to Ironmomo, those are the schools with the predatory practices,
overpromising and underdelivering, and bilking federal financial aid out of
billions. Just look at the "alleged" legal troubles of Stevens Henager,
signing up homeless people just to get the financial aid.Utah's
public colleges (minus Big Red) are comparatively inexpensive and pretty good
bang for your buck, just be smart about taking out loans and how you use that
money. And if students plan ahead in high school there are lots of ways to get
help with college costs.
The ease of acquiring student loans is one reason why the price of higher
education keeps going up. Universities have no incentive to keep their tuition
down when students can so easily get loans to cover the rising tuition rates.
It's a bubble and a circular problem. Easy loans mean universities can
keep raising tuition which in turn lead to more student loans.
I have a student in Afghanistan who is a Marine Scout Sniper and taking a class
in managerial economics through a for profit university and doing extremely well
This type if access and support doesn't usually come from traditional
brick and mortar schools, and publicly supported schools are more of a modern
development than most appreciate. There is waste in any organizations and
education is not an exception.
Where does all the money go to? It would be interesting to know the causes of
seeming double digit price increases each year for decades. I do think we are at
a tipping point simply because students can't bear any more debt. Is it
just that government grants and loans are so generous that Universities just
raise their tuition to capture all that money because they can? Has the
Professors and Administraters saleries and benefits just exploded?State colleges don't have to pay property taxes and they are non profit.
The cost of computers etc have come down in price in relative terms over time.
Many courses don't change much year to year such as generals like basic
math, english, and history courses. Computers and online courses should or at
least could be make college cheaper.I can see that high priced labs
and research can be quite expensive but at the same time they also can actually
be profit centers for the university when researchers bring in big government
grants to fund the studies.I sure hope its not the football coaches
salary that fuels the tuition hikes. Does anyone know?