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OT: The OT Thread: Shorts without pockets are horrible (Warning in post 368)

Oy! "Lost" my HF Boards sponsorship with the upgrades. These ads are annoying AF!

I sent a PM to get it restored. I'll be back at that point, but this site isn't worth it with all the ads.
 
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Beerz said:
I can't wait for the day when a better option is available to the young people than this.
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As soon as the Feds stop backing student loans and the private loan servicers use the proper interest rates for unsecured loans for people that likely have no credit history, that will force the educational institutions to lower their tuition rates to be able to attract more students.
 
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Gras said:
As soon as the Feds stop backing student loans and the private loan servicers use the proper interest rates for unsecured loans for people that likely have no credit history, that will force the educational institutions to lower their tuition rates to be able to attract more students.
Click to expand...
Thats not going to put a dent into the cost of private universities.

Students can’t borrow very much per year with those programs. I remember a lot this stuff because my 4 kids have already gone to college. The youngest graduated 2 years ago.

Maximum amounts per year right now.
1st year -> $5,500
2nd year -> $6,500
3rd year and beyond -> $7,500

Now compare those amounts to the 80k yearly tuition @TheMistyStranger brought up. The students are borrowing 7-9% of the full tuition each year. It’s a drop in the bucket.

The full cost of that school over 4yrs would 320k. Subtract the 170k in scholarships mentioned and the 27k total the kid would borrow. That still leaves 123k to be paid Which is paid for by the parents in almost all cases. Frequently with PLUS loans and any other money they can pull together.

I don’t know what the answer is to lowering tuition at private universities/colleges. But what you’re proposing isn’t going to do that. It’s just going to screw over the students by forcing them to pay very high interest rates (15-20%) instead of the 6.5% on the money they can borrow.


Let’s also be honest about the issue of the cost of a college education. It’s primarily an issue for private schools. The state universities across the country are FAR less expensive, even for non-residents. Thats entirely due to being heavily subsidized by the states they’re in. Thats regardless if it’s a red or blue state. Obviously this is not an option for private universities.

A great education can be had for a hell of lot less than that college mentioned above. Parents/students can take advantage of public junior colleges, state universities, etc. many don’t want to take these paths then complain about the costs.
 
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joshjull said:
Thats not going to put a dent into the cost of private universities.

Students can’t borrow very much per year with those programs. I remember a lot this stuff because my 4 kids have already gone to college. The youngest graduated 2 years ago.

Maximum amounts per year right now.
1st year -> $5,500
2nd year -> $6,500
3rd year and beyond -> $7,500

Now compare those amounts to the 80k yearly tuition @TheMistyStranger brought up. The students are borrowing 7-9% of the full tuition each year. It’s a drop in the bucket.

The full cost of that school over 4yrs would 320k. Subtract the 170k in scholarships mentioned and the 27k total the kid would borrow. That still leaves 123k to be paid Which is paid for by the parents in almost all cases. Frequently with PLUS loans and any other money they can pull together.

I don’t know what the answer is to lowering tuition at private universities/colleges. But what you’re proposing isn’t going to do that. It’s just going to screw over the students by forcing them to pay very high interest rates (15-20%) instead of the 6.5% on the money they can borrow.


Let’s also be honest about the issue of the cost of a college education. It’s primarily an issue for private schools. The state universities across the country are FAR less expensive, even for non-residents. Thats entirely due to being heavily subsidized by the states they’re in. Thats regardless if it’s a red or blue state. Obviously this is not an option for private universities.

A great education can be had for a hell of lot less than that college mentioned above. Parents/students can take advantage of public junior colleges, state universities, etc. many don’t want to take these paths then complain about the costs.
Click to expand...
I racked up 40k in debt for being a dumbass my first semester of college. Partied too much. Racked up 10 k of debt and flunked most of my classes. My parents and I were splitting it 1/3 the whole way until they saw my grades after my first semester and thought- I'm not betting on this horse anymore, haha. Then it all fell on me the rest of the way. Earned debt, tbh.

After that- I went to a community college for two years, then a state school. I wish I would've done that from the get-go. Community college was like 2K a semester, and it gave me time to figure out what I wanted to major in. Once I found that out, I crushed it.

I always advise my nieces and nephews to look into trades or do community college first then a state school. A lot of kids aren't thinking that far in advance, though. And if a kid isn't sure what they want to do, but are just going to college because that's what they've been brainwashed since grade school to do (atleast my generation was), well, then a lot of them end up doing the same dumb shit as me.
 
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joshjull said:
Thats not going to put a dent into the cost of private universities.

Students can’t borrow very much per year with those programs. I remember a lot this stuff because my 4 kids have already gone to college. The youngest graduated 2 years ago.

Maximum amounts per year right now.
1st year -> $5,500
2nd year -> $6,500
3rd year and beyond -> $7,500

Now compare those amounts to the 80k yearly tuition @TheMistyStranger brought up. The students are borrowing 7-9% of the full tuition each year. It’s a drop in the bucket.

The full cost of that school over 4yrs would 320k. Subtract the 170k in scholarships mentioned and the 27k total the kid would borrow. That still leaves 123k to be paid Which is paid for by the parents in almost all cases. Frequently with PLUS loans and any other money they can pull together.

I don’t know what the answer is to lowering tuition at private universities/colleges. But what you’re proposing isn’t going to do that. It’s just going to screw over the students by forcing them to pay very high interest rates (15-20%) instead of the 6.5% on the money they can borrow.


Let’s also be honest about the issue of the cost of a college education. It’s primarily an issue for private schools. The state universities across the country are FAR less expensive, even for non-residents. Thats entirely due to being heavily subsidized by the states they’re in. Thats regardless if it’s a red or blue state. Obviously this is not an option for private universities.

A great education can be had for a hell of lot less than that college mentioned above. Parents/students can take advantage of public junior colleges, state universities, etc. many don’t want to take these paths then complain about the costs.
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The other piece that could potentially change things is if they allow student loans to be wiped out by bankruptcy.

The challenge will then be that post-HS education will become more and more out of reach for young people from economically disadvantaged backgrounds.

The really crazy part is that plenty of uber expensive private colleges and universities have endowments that are so large that they could put every student on a full ride and not have to touch the principal. But, why would they do that...
 
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Dubi Doo said:
I racked up 40k in debt for being a dumbass my first semester of college. Partied too much. Racked up 10 k of debt and flunked most of my classes. My parents and I were splitting it 1/3 the whole way until they saw my grades after my first semester and thought- I'm not betting on this horse anymore, haha. Then it all fell on me the rest of the way. Earned debt, tbh.

After that- I went to a community college for two years, then a state school. I wish I would've done that from the get-go. Community college was like 2K a semester, and it gave me time to figure out what I wanted to major in. Once I found that out, I crushed it.

I always advise my nieces and nephews to look into trades or do community college first then a state school. A lot of kids aren't thinking that far in advance, though. And if a kid isn't sure what they want to do, but are just going to college because that's what they've been brainwashed since grade school to do (atleast my generation was), well, then a lot of them end up doing the same dumb shit as me.
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Hindsight is 20/20.

If I could have it all over again, I wouldn't have gone to Clarkson and I definitely wouldn't have been a ChemE major.

The smartest plan for me would have been taking the two years tuition free to Jamestown CC for graduating in the top 25% of my Jamestown HS graduating class and then figuring it out from there when I had a couple years of college under my belt. But, I really wanted to get out of Dodge and away from living with my mom...

Or, I could have gone to Michigan State where you didn't declare a major until after your sophomore year.
 
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hope.edu

Revisionist History Podcast | Hope Forward

Malcolm Gladwell interviewed President Matt Scogin for his podcast, Revisionist History.
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hope.edu

About Hope Forward | Hope College

Hope College is launching a new, first-of-its-kind, tuition model called Hope Forward in which students receive fully-funded tuition in exchange for a pledge to give back a small percentage of their income after graduation.
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This is an interesting experiment to try and address the cost of a college education. It will be interesting to see if this is something that catches on or not.
 
my parents couldn't afford to pay for my college. they gave me $500 and I put that towards my first year at UB. I f***ing hated that school. so, off to ECC for two years and an associates, then 2 /12 years at Canisius. payed off my 10 year student loan and then debt free.

we were lucky enough to be able to pay for our kids 4 years in college (state schools) so they didn't have any debt once they graduated. our daughter went on to get her masters on her own; she was a grad assistant so that two years cost her nothing.

I can't imagine what it would cost to get an ivy league education these days.
 
oldgoalie said:
my parents couldn't afford to pay for my college. they gave me $500 and I put that towards my first year at UB. I f***ing hated that school. so, off to ECC for two years and an associates, then 2 /12 years at Canisius. payed off my 10 year student loan and then debt free.

we were lucky enough to be able to pay for our kids 4 years in college (state schools) so they didn't have any debt once they graduated. our daughter went on to get her masters on her own; she was a grad assistant so that two years cost her nothing.

I can't imagine what it would cost to get an ivy league education these days.
Click to expand...
I had a friend growing up who was the middle of three kids.

His older sister went to Princeton. He went to the University of Rochester. And his younger brother went to Dartmouth.

And I think all three ended up back home in Jamestown running the family furniture business.

www.elgrecofurniture.com

Home - El Greco Woodworking, Inc.

El Greco is a family business in Jamestown, NY. There are currently two generations involved in running the business that was started by a Greek immigrant in 1975. We are hands-on managers, overseeing all aspects of production and design in our factories. Our intimate knowledge of raw materials...
www.elgrecofurniture.com www.elgrecofurniture.com
 
oldgoalie said:
my parents couldn't afford to pay for my college. they gave me $500 and I put that towards my first year at UB. I f***ing hated that school. so, off to ECC for two years and an associates, then 2 /12 years at Canisius. payed off my 10 year student loan and then debt free.

we were lucky enough to be able to pay for our kids 4 years in college (state schools) so they didn't have any debt once they graduated. our daughter went on to get her masters on her own; she was a grad assistant so that two years cost her nothing.

I can't imagine what it would cost to get an ivy league education these days.
Click to expand...
I read a headline saying Harvard is now paying for room and board for families earning less than 150K combined (I believe that was the number). Not sure how true that is since I only saw the headline and didn't care to dig in deeper. I assume a ton of IV league students come from a good amount of generational wealth at least. There's a reason a strong portion stay in whichever class they're born into.
 
The community college vibes down south are a lot different than what I remember in Buffalo years ago. There was a definite push to go to college. Almost a "you must go to college" or you're a dumb-dumb. The kids who went to ECCC were looked down on.

My oldest is going to Midlands Technical College to be a laboratory scientist. No stigma, and most kids go to a technical school instead of South Carolina or Clemson. It's viewed as a more viable path here than getting a high-priced four-year degree. That may also be the stigma down here, but the kids who graduate tend to get picked up in jobs right away.

I wish I would've went to ECCC for two years and then went to college with all my electives knocked out.
 
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I received my BS from a SUNY school... plus a ton of debt. I wanted to take more classes at Monroe Community Colleges but they were too damned expensive considering I was already in debt.

Years later I moved to the South and have taken tons of classes and received a few Associate's degrees from Community Colleges at a fraction of what MCC tuition was costing.

Granted its been a few decades but from my experiences its crazy how expensive classes were in WNY and you can't tell me that they were substantially better than what I have taken down here.
 
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Ehran said:
I received my BS from a SUNY school... plus a ton of debt. I wanted to take more classes at Monroe Community Colleges but they were too damned expensive considering I was already in debt.

Years later I moved to the South and have taken tons of classes and received a few Associate's degrees from Community Colleges at a fraction of what MCC tuition was costing.

Granted its been a few decades but from my experiences its crazy how expensive classes were in WNY and you can't tell me that they were substantially better than what I have taken down here.
Click to expand...

My experience as a recent CC grad (My AS prior to moving to UF) is that the cost there now is more than what I paid at a SUNY but is far less than what is being paid at most public uni's in the state. The cost of it overall is wildly out of control -


And with some digging, it tends to mirror corporate pay scales being wildly out of whack - the very top people making outsized salaries for their positions. UF is going through this now with the "resignation" of the most recent university president at the pressuring of the school trustees in part because of the massive amount he was spending on things like enormous catering bills, private flights that had nothing to do with school business, renovations to the rent-free residence... all of that billed back to the school and ultimately the students.
 
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