My nephew borrowed $14,500 for his first year of school in 2002. My student loan back in 1980 for my first year was $2,500! We both attended in state non-private schools, too, so it's a good measure of the increase in cost.
I think there are going to be people paying for students loans for years! Unbeliveable....Hopefully, all the future graduates will get decent paying jobs, lol...
sanrun
PS I posted something for the pre-boomers, but it could apply to all ages, because a lot of people go back to college later in life.
2006-09-27 13:57:15 · 9 answers · asked by sanrun 2 in Politics & Government ➔ Other - Politics & Government
Oops, I meant to say post baby boomers in my PS, lol...
2006-09-27 14:01:03 · update #1
I would love to know why the cost has increased so dramatically the past 10 ten years.
Do you think universites are taking advantage of the all the money that is now available for student loans? Any other thoughts or links?
2006-09-27 22:19:23 · update #2
As someone back in college full-time at 37, I fully agree.
Decades ago, education was a priority; now it's just a statistic. Grade schools and administrators are more worried about standardized tests and all sorts of BS; meanwhile the 18-22 crowd in my classes can barely write a sentence - no sense of spelling, grammer, or even how to express written thoughts.
Also, I think the era of baby boomers in college led to a subtle backlash - most people I knew have had to work 30 or more hours while going to school, go into biiig debt - or both. Coincidentally, that leaves little time or freedom for young, spirited activism; idealism becomes the luxury of the gentry who live above such concerns.
The current cost scheme also steers people away from careers in culturally valuable but market-neglible fields - poets, philosophers, artists... does everything have to be market-based? Business is all fine and well, but cultures, societies are remembered for their contributions to the human experience. In 100 years, no one's going to remember how the opening weekend of "Dumb and Dumber" fared.
2006-09-27 14:10:06 · answer #1 · answered by kent_shakespear 7 · 0⤊ 0⤋
Yes sanrun, you are absolutely right about tuition costs!!
In every university and even colleges today, the cost just keep going up. It is coming down to the rich will go and the rest of us will take up the menial tasks of the nation.
An ordinary BA. will no longer get you anywhere, without further education. The one degree will cost you close to 20,000, then you are faced with an equal amount, if not more for you graduate degree.
In order to find meaningful employment, and with a good wage, in order to pay back such exorbitant costs for your student loan, you are indeed, looking at a good 10 years of hard pay-back!!
Like I said, it will soon be only for the "rich"!
2006-09-27 14:26:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I was watching the news like a month ago and they were talking about a study that said college tuition has went up on average 40 PERCENT since 2000...
mainly due to state and federal funding cuts...
I went to school in the 90s and it went up about 10 percent in 4 years...
and what's also horrible... the government has approved higher intrest rates on student loans in the past 6 years too... so they pay more now and have to pay a higher rate on it...
it's horrible...
2006-09-27 14:01:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes for me, I have to work and school at the same time, totally sacrificing to get myself by... my semester costs me 1,800 plus books (which I get online) so it's plus another 200 or so. I am undergrad still... I make great grades but dont get any kind of aid. BS. Just because I work enough to buy, um, you know- FOOD, that doesnt mean that suddenly I can afford all the tuition in the world, too. The more you work, the less you get. The less you work, the more you get but its not enough to cover tuition.
Those people at FAFSA obviously fell on their heads or something...
Yep- 4 years for me would cost me 14,400 too. *sigh*
I've had to go part tiem and half time because I just cant afford it. :( Now I'm going on my 6th year, for a bachelors- 6th!! Im going to need 2 more years to graduate!! :((( Its not becuase Im supid but because I am not rich!!!! THIS IS BSSS!!!!!!!!!!!!!!!!!!
....Im getting all excited and I cant spell anymore... lol
2006-09-27 14:06:31 · answer #4 · answered by Yentl 4 · 0⤊ 0⤋
The best deal around is state university honors programs----my daughter gets $2k/semester "refund" rather than us paying $50k per year for Vandy, Emory, or Duke, half of which is to provide "need based scholarships" to achieve "diversity". When I went to Vandy tuition was $4,400/year. Proportionately, it probably hasn't really changed--then new Cadillacs were $7k or so.
rachmanpianoplayer
2006-09-27 14:11:18 · answer #5 · answered by ? 2 · 0⤊ 0⤋
Im going to college now, but im going to community college. My tuition is like 995 for a semester, but my books were over 500 dollars. I guess i haven't experienced the full effect of college tuition.
2006-09-27 14:00:37 · answer #6 · answered by Jason 3 · 0⤊ 0⤋
College is a investment.
You are investing in yourself in hopes that what you've learned there can further you in society, whether it be social, political, and/or economical.
If college students want more support and a change in public policy, then get to the voting booth... oh well... don't say I didn't try
2006-09-27 14:18:07 · answer #7 · answered by Big B 1 · 0⤊ 0⤋
i agree...what bothers me more is the fact that books cost hundreds of dollars, you use them for 3 months and get back less than 1/16 of the cost. its ridiculous..especially people in community colleges and on financial aide...its NUTS and i just dont get it!
2006-09-27 14:03:31 · answer #8 · answered by thatgirluknow 3 · 0⤊ 0⤋
you're telling me, I have 2 in college and I'm trying to help all I can, I left vo-tech school in the 70s owing nothing.
2006-09-27 14:03:05 · answer #9 · answered by Anonymous · 0⤊ 0⤋