People have to start paying their student loans back next week

Somebody will pay off the loans. If not the students, that will be the rest of us. The money has been taken and spent. The forgiveness does not make the loan vanish into the outer darkness. It transfers payment to the rest of the population.

Colleges who can’t operate at an affordable level need to figure out how to do so. That is the real problem.
 

A friend got his M.D. thanks to Uncle Sam who paid his way through medical school. He paid it back by serving as a military doctor for four years, including time as a submariner. And another two years as a very low paid physician for a Native American community.
 
I had friend who got an advanced degree on the GI Bill, and later used the Bill to become a licensed pilot just for his personal use. It was one of the great fringe benefits of serving in the military. My closest friend actually put money in the bank with a scholarship in addition to the GI Bill his senior year in college. How many students actually banked savings during college?
 
EmptyCup said:
There used to be substantial financial support for higher education from federal and state governments, well into the 1970’s. I remember when community college in California was free and UC and Cal state charged a nominal fee (no tuition). That support slowly bled away over the decades. Education turned into a business where tuition became a substantial piece of the financial formula along with research grants and private industry (supporting research or job training that could generate profits for them).

I was college faculty and later an administrator at three types - CC, small liberal arts, and R-1 land grant. Same story everywhere.
Click to expand...

Exactly. I paid $60 a semester for tuition from 1965-67 to get my associates degree from St. Petersburg Junior College. That's $120 a year. Tuition at that school today is $2,734 a year. Then I paid $125 a quarter from 1967-69 at the University of Florida for my underrgraduate degree. That's $375 a year. Today undergraduate tuition at the University of Florida is $6,280 a year.
 
Last edited:
Maybe the government should get out of the student loan business altogether. If the students have to do some research for the best loan rates & know they have to pay it back, it would teach them to look at a school who offers the best price for the education they want.

Those who want a free ride through college knowing full well they aren't going to pay the loan back need to held accountable for their debt.

My daughter graduated debt free because she paid as she went while living at home. Is anyone going to reimburse her or the others who payed their way through school? Hel no.

What about the schools who have millions, if not billions, in their endowment funds? Why should they be eligible to receive tax payer money at all from the government? They need to run themselves like businesses & not be subsidized by the government.
 
Murrmurr said:
I assume those changes were made by state legislators or governors who were elected to their offices.

A few ways that kind of support "bleeds away" - mismanagement, misappropriation, rising costs at colleges, and lack of oversight.
Click to expand...
State colleges are crooked er than sh--!

Look at what the College Football coach for the Hawkeyes: U want to talk, his name to contact today.
A Family that owns the largest Truck stop in the USA. He's their coach of the Iowa Hawkeyes.
I don't have a problem with donating, its the thing, Moon Family, coach Kirk Ferenz head of the Hawkeyes.
Get the Crap? Get the Colegate B.S. Get the problems coming! Of course you know the answer is obvious.
We are So Smart halls of IVY rule! The intelligence of the USA. Positively! ↓ ↓ ↓ ↓
 
Rossana said:
As parents, we felt it was our duty to pay for our daughter's college education. So, when she was 2 years old, we enrolled her into the Florida Prepaid College Plan. She was able to start her life without debts.
We just did the same for our grandchildren. Now, their parents (or themselves) won't have that burden. To us, it was important to take care of them this way.
Click to expand...

that's great for your child - but what about all the other children whose parents cant do that? - do you think college education should only be for those whose parents can afford it?

I dont disagree with some form of graduates paying back some of the money when they earn enough to afford it - (like they do here in Australia) but I also think tertiary educations should be govenment subsidised so the opportunity is there for everyone.
 
Who_so_ever said:
It is a bad thing when a group of people who have worked for their money are required to foot the bill for college students who should be paying their own way. ETA: it's far from any investment that I would willingly make.... I see what these liberal colleges are putting out.
Click to expand...


It isnt about political stances - but about making tertiary education available for everybody, not only the rich

and of course if we pay i n taxes t o subsidise it - that wheel turns around, those graduates will then be working and paying tax and their taxes will subsidise the next generation.
 
January said:
It isnt about political stances - but about making tertiary education available for everybody, not only the rich

and of course if we pay i n taxes t o subsidise it - that wheel turns around, those graduates will then be working and paying tax and their taxes will subsidise the next generation.
Click to expand...
Ah, No! Its illegal crap!
 
January said:
that's great for your child - but what about all the other children whose parents cant do that? - do you think college education should only be for those whose parents can afford it?
Click to expand...
Education is expensive in the USA. We planned, prepared, and prioritized education for our child and grandchildren. It is a choice we made.
Education should be accessible to anyone but it is not. So, if you study here, you need a plan. If you borrow money, you need to pay it back.
 
When my son was in college my husband was a Tech Sgt and I was making minimum wage. Still we managed to live on his income and use my 9000 a year to pay son's 8000 per year tuition so he could graduate debt free. It is possible, but not everyone can do even that.

Something is wrong when some state colleges are free for residents and other state colleges cost enough to buy a house. Ohio State is currently $120,740 for a 4 year degree.

I'm against paying off student loans. It's unfair in so many ways. It's unfair to people like Rossana who worked hard to send their children to college so they would graduate debt free and it's unfair to the Walmart employees (the biggest employer in the U.S.) who have to pay taxes to send other people to college.

AI: "Median income for recent graduates reached $60,000 a year for bachelor's degree holders aged 22–27. For high school graduates the same age, median earnings are $36,000 a year."

The degreed people are still the elite and asking the rest of us to pay their loans is like asking us to pay off their Cadillacs for them.

My solution would be for every town to have free, or very low cost, Community College, so poorer kids could stay home, work part time and still get degrees
 
Lilac said:
What about the schools who have millions, if not billions, in their endowment funds? Why should they be eligible to receive tax payer money at all from the government? They need to run themselves like businesses & not be subsidized by the government.
Click to expand...
Just my humble opinion - I believe that running themselves like businesses is what pushed the price to where it is today. Businesses are supposed to make a profit, I'm not certain that should be the charter for an educational institution. I realize they have to pay their professors and all that but I don't think it's the correct place to focus on profit.
 
Rossana said:
Education is expensive in the USA. We planned, prepared, and prioritized education for our child and grandchildren. It is a choice we made.
Education should be accessible to anyone but it is not. So, if you study here, you need a plan. If you borrow money, you need to pay it back.
Click to expand...


Yes you as parents had a plan and made a choice - and that is great for your kids.

But doesn't make education equitable or accessible for other children whose parents can't do that.

IMO it is fairer if tax payers subsidise that to make it more equitable for everyone
 
I am for higher taxes for the wealthy to pay for higher education. Society pays for a good 4 year college after high school. That's my vote. Then when the child becomes a young adult at22-23 they can make some rational choices about their future. :)
 

You must log in or register to reply here.

Back
Top