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With the loan costs, the economy the way it is, and the difficulty of finding jobs, how are schools still able to make the admission process exciting? how are they still able to attract students?
Are teens still shouting out "I GOT INTO CORNELL!!" after opening up the admission letters? or are they like "cool, ok now the work begins!"
Are they excited because the get to follow their friends and move to a beautiful campus? is it the sororities? frats? sports teams?
Why arent the younger generation looking to alternatives after graduating high school? do colleges have a monopoly on the American Dream?
Oh course they do. They are 18 they are not really aware of all of the loans and whatnot.
Besides if a kid gets into the IL their tuition is based on the parents ability to pay. I had 4 students go to the IL last year and 2 of them went for free.
Oh course they do. They are 18 they are not really aware of all of the loans and whatnot.
Besides if a kid gets into the IL their tuition is based on the parents ability to pay. I had 4 students go to the IL last year and 2 of them went for free.
Thats true, but college is a pre-req for grad school these days. So they likely will have to deal with loans later.
Thats true, but college is a pre-req for grad school these days. So they likely will have to deal with loans later.
What a nonsensical argument. Grad school and loans are not synonymous. I went to grad school mostly on scholarship and paid the balance (about 15%) in cash. I didn't acquire any loans.
And of course kids these days are thrilled when they get into their top choice schools. They still have optimism no matter how downtrodden and pessimistic their parents (or more specifically, you) might be. Not all of them are going into debt for their education, either.
What a nonsensical argument. Grad school and loans are not synonymous. I went to grad school mostly on scholarship and paid the balance (about 15%) in cash. I didn't acquire any loans.
What a nonsensical argument. Grad school and loans are not synonymous. I went to grad school mostly on scholarship and paid the balance (about 15%) in cash. I didn't acquire any loans.
And of course kids these days are thrilled when they get into their top choice schools. They still have optimism no matter how downtrodden and pessimistic their parents (or more specifically, you) might be. Not all of them are going into debt for their education, either.
Good for you. In general, professional programs, e.g. medical school, physical therapy school, law school and the like do not have a ton of scholarship money available.
Of course they do and if you research this, Ivy Leagues are the CHEAPEST option out there right now for 99% of the country.
Student loan dept to starting income ratios is actually LOWER then when I was in school, sure, the number is bigger but so are the average starting salaries. What HAS changed is that these kids come out of college, what their "dream apartment our house" right out of the gate, don't live with roommates for a few years to pay off their loans, etc. and then blame their lack of ability to buy a home on their student loan debts.
Rent a cheep apartment, get a couple roommates, save your pennies, pay off your loans. If most people did that they would have their loans paid off in under 5 years like we did way back when.
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