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Y'all dont get. Perhaps you dont want to get it. Student debt come from the cost of college. Students have to attend college to have a reasonable. Choice of work. Therefore they really don't have the choice you think they do. And contrary to the belief system of many on here, they aren't wasting it on useless majors.
The problem is cost. The problem is real. And comments dont help solve the problem.
The problem is government involvement. These colleges charge what they do because they assume zero risk. This is in addition to the fact that people make poor financial decisions all the time.
Y'all dont get. Perhaps you dont want to get it. Student debt come from the cost of college. Students have to attend college to have a reasonable. Choice of work. Therefore they really don't have the choice you think they do. And contrary to the belief system of many on here, they aren't wasting it on useless majors.
The problem is cost. The problem is real. And comments dont help solve the problem.
Those wanting to go to college can always live at home. Earn an associate's degree at a junior college and then earn a bachelor's degree at their local state college.
It's a joke to be taking on major debt because of choices to enroll in out of state schools with dorm and/or apartment living.
Additionally students living at home can work part time if necessary. This would also allow them to work locally in their field of study and possibly gain full employment after graduation.
Y'all dont get. Perhaps you dont want to get it. Student debt come from the cost of college. Students have to attend college to have a reasonable. Choice of work. Therefore they really don't have the choice you think they do. And contrary to the belief system of many on here, they aren't wasting it on useless majors.
The problem is cost. The problem is real. And comments dont help solve the problem.
There was a great article about students loans in The NYT a while back. Greatly condensing and generally speaking the points were:
Across all types and styles of education those who completed their program were less likely to default that those who failed to finish.
1). Among trade school, coding camp etc. students default rates were the highest by far.
2). Among Community colleges, JUCOs and the like default rates were higher than those at colleges and universities.
3). Those who completed college with a BS, BA, grad or professional school had the lowest default rates.
4). Soft degree default rates are much higher than STEM, business, ag etc.
5). There are also tremendous default rate differences between whites, blacks and hispanics.
6). Among legit 4 yr schools the highest default rates tend to cluster around small, liberal arts, inner city, religious schools and technical schools.
7). Larger or well known schools have the lowest default rates among BS, BA degree holders.
Default rates and large student loan debt are almost two separate issues. A lot of community college students default on very little debt because they didn't graduate and stayed in low-paying jobs, unemployed, or on welfare. CC students are disproportionately minorities, those who are economically disadvantaged, and people who have academic difficulties. If you're financially stable and can manage college academics, then attending a CC isn't inherently a risk for default.
At 4-year, non-profit schools, the default rates generally aren't as high because the demographics of the student bodies are different. However, that doesn't mean that being more than $30k in debt isn't a problem. That's money that won't go elsewhere in the economy, such as buying cars and houses. It also takes away from retirement contributions.
If you were at least an average student in high school, then finishing lower level credits at a community college should be a breeze, and you will save money. I finished about 48 credits online at a CC in one year. I'm a minority from an economically disadvantaged background. The Pell Grant covered the entire tuition at the CC, and I was even given a refund that covered books and software.
Yes, an interesting paradox has formed. On one hand, getting a college degree does not open many doors to success any more, yet it has become way more expensive to get one. Diminishing returns as the expense goes up.
Yet on the other hand, more and more employers are requiring a college degree, even for entry level jobs and positions that don't need a degree to be successful in.
So people are forced to get those expensive degrees in the hope of getting a white collar job.
You can go to a cheap state school and get a degree for 1/5th what the elite schools pay, and get the same jobs
Nobody wants to do that because then they can't graduate and impress their friends with their UCLA degree
Those wanting to go to college can always live at home. Earn an associate's degree at a junior college and then earn a bachelor's degree at their local state college.
It's a joke to be taking on major debt because of choices to enroll in out of state schools with dorm and/or apartment living.
Additionally students living at home can work part time if necessary. This would also allow them to work locally in their field of study and possibly gain full employment after graduation.
Not always possible. Don't assume everyone has a college available locally. And when you work the total cost/benefit, sometimes out of state colleges are the better buy.
Quote:
Originally Posted by L210
Default rates and large student loan debt are almost two separate issues. A lot of community college students default on very little debt because they didn't graduate and stayed in low-paying jobs, unemployed, or on welfare. CC students are disproportionately minorities, those who are economically disadvantaged, and people who have academic difficulties. If you're financially stable and can manage college academics, then attending a CC isn't inherently a risk for default.
At 4-year, non-profit schools, the default rates generally aren't as high because the demographics of the student bodies are different. However, that doesn't mean that being more than $30k in debt isn't a problem. That's money that won't go elsewhere in the economy, such as buying cars and houses. It also takes away from retirement contributions.
If you were at least an average student in high school, then finishing lower level credits at a community college should be a breeze, and you will save money. I finished about 48 credits online at a CC in one year. I'm a minority from an economically disadvantaged background. The Pell Grant covered the entire tuition at the CC, and I was even given a refund that covered books and software.
Well said. Too many folks don't look at graduation rates and default rates of lesser schools.
Quote:
Originally Posted by JCHouseHunter
You can go to a cheap state school and get a degree for 1/5th what the elite schools pay, and get the same jobs
Nobody wants to do that because then they can't graduate and impress their friends with their UCLA degree
While there are always some who "get the same jobs" in many cases that isn't true. That cheap degree doesn't open the same doors or provide the same background. I've read too many resumes over the years to not recognize there is a difference in applicants from a more selective university vs generic school next door. I know this isn't what many want to hear, but it shows up in the resume.
I don't agree at all. And its not deciding about school vs working relationships. Not everything is or should be about "career success". Friendships / social relationships are primarily about fun and emotional support. Life without that isn't worth living.
I agree with you. There needs to be an "anti-Education" sub forum on City Data.
Career success has nothing to do with education, interpersonal skills, friendships, character, or compassion.
The student debt crises is mainly concentrated on in low end, for profit, "career schools". They should NOT be eligible for federal financial aid.
"Career Schools" are the problem, not the solution.
Maybe it's not polite to say, but if you graduate high school at he bottom of your class, maybe college isn't for you. The Blue-Collar world can (and has) offered a decent living to millions of mechanics, truck drivers, etc.
Maybe it's not polite to say, but if you graduate high school at he bottom of your class, maybe college isn't for you. The Blue-Collar world can (and has) offered a decent living to millions of mechanics, truck drivers, etc.
Here in Dallas there is big push to drive virtually all high schoolers into at least community college. Can you imagine the financial bloodbath this will create? Little Jimmy can't calculate a simple percentage change problem without running to the internet but he's being cajoled into college what could go wrong?
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