Next Bubble to collapse: College tuition (credit card, student loans, how much)

[block911]

Looks like NJ's college have over extended as well, and students now have to pay up: NorthJersey.com: N.J. colleges borrow billions; students stuck with the tab

crap njit is there... so much for redevelopment...

[GiantRutgersfan]

dont have a problem with this. If you graduated already, it just makes your degree all the more valuable

[block911]

If going to college is now going to be more expensive and job losses are large and cost of living is large and even if you make it you are taxed highly to make up for budget losses... well won't this lead to even more people leaving? As more people leave won't the people staying have higher taxes to make up the gap?

[GiantRutgersfan]

Originally Posted by block911

If going to college is now going to be more expensive and job losses are large and cost of living is large and even if you make it you are taxed highly to make up for budget losses... well won't this lead to even more people leaving? As more people leave won't the people staying have higher taxes to make up the gap?

I went to a state college in NJ and lived on campus for 3 years. only $20,000 in student loans. i will take it. more concerned about the school improving its reputation then a few hundred $$$ for students.

Corzine set a 3% max increase in tuition anyways so the price cannot drastically rise

[sholden]

That's not a bubble popping, that's a bubble struggling to stay inflated.

Todays students are going to be pissed when they see people paying 10% or what they paid to go college when that bubble does actually pop.

Hopefully it'll be completely masked by inflation so they don't feel so bad.

[Unknown Memory]

My transfer from a private college in NYC to Ramapo was like sweet butter on rye. I'll take the 10K/yr from 20K/yr any day. (And it's a little awkward for me to read this as I recently received a refund check from them, which I'll put into my savings.) Edit: This is still alarming about the amount of debt that's piling up. Especially, for those students, who are struggling in payments and to keep on borrowing.

Although, I'm curious as to how much TCNJ has bubbled up? O.o I'm surprised it wasn't there on the list.

[block911]

Originally Posted by sholden

That's not a bubble popping, that's a bubble struggling to stay inflated.

Todays students are going to be pissed when they see people paying 10% or what they paid to go college when that bubble does actually pop.

Hopefully it'll be completely masked by inflation so they don't feel so bad.

You got that right, the 3% percent cap means nothing when money is owed and funding is declining. So colleges are going to be another model of welfare recipients as they too can't balance their budget. So the plan is to sitck to 3% tuition hike with some magical wand wiping out the debt. ?

http://www.njascu.org/NJNNewswednesday.wmv

[GiantRutgersfan]

Originally Posted by block911

You got that right, the 3% percent cap means nothing when money is owed and funding is declining. So colleges are going to be another model of welfare recipients as they too can't balance their budget. So the plan is to sitck to 3% tuition hike with some magical wand wiping out the debt. ?

http://www.njascu.org/NJNNewswednesday.wmv

taxpayers will have to pay the debt to some extent in some cases....

but they are public colleges, that is always the case. they have always been subsidized, not self sufficient.

having a good state college system is very important. yea in NJ it costs more then other states, but its still a bargain compared to private college.

[Huckleberry3911948]

students loans are no laughing matter. unlike a new car you cant take it back to the finance company.

[HeatherLynn822]

The cost of college tuition is ridiculous!
Don't see this advertised much anymore, but I belong to upromise: http://www.upromise.com/ (and I don't even have kids yet!) You attach it to your credit cards and grocery stores, and participating stores & restaraunts (there are thousands) give you back a little bit of your purchase into a college savings account. Its an easy way to save on purchases you are making anyway, and it costs nothing to be a part of. You can even have relatives link up to your child's account so all their purchases count towards it as well. It's pretty cool!