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Old 07-01-2013, 02:12 PM
 
Location: augusta, ks
49 posts, read 80,285 times
Reputation: 50

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Ouch! How will this help with the increased tuition increasing too? In no way shape or form do i understand economic, but I see the college bubble burst coming from the way people are talking. Is this a positive move or negative move increasing the loan rates?
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Old 07-01-2013, 02:58 PM
 
Location: southwestern PA
22,587 posts, read 47,649,975 times
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Hopefully it will make students think twice before taking on the debt.
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Old 07-01-2013, 03:03 PM
 
1,356 posts, read 1,943,424 times
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Quote:
Originally Posted by Pitt Chick View Post
Hopefully it will make students think twice before taking on the debt.
Yeah I'm sure that'll show those gosh darn irresponsible students with the US having the highest average tuition cost in the world and everything!
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Old 07-01-2013, 03:17 PM
 
Location: Chicago
6,025 posts, read 15,343,192 times
Reputation: 8153
Well, I'll probably be looking at going to grad school abroad, that's for sure. I've got enough loans, thank you very much, despite good 75% of my being covered by scholarships and grants. I can go into less debt abroad if I can't get full funding.

Pitt Chick, in this day and age, it's nearly impossible NOT to take on debt when pursuing higher education. Unless you end up at an Ivy League school or other well endowed school that will give you a full ride, win some sort of 3rd party full ride scholarship, or are independently wealthy, you're going to go into some debt with a 4 year degree. There aren't enough scholarships, not enough grants, not enough state funding going to public schools, and not enough jobs for students to work their way through school. This will affect the great majority of students negatively.
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Old 07-01-2013, 03:25 PM
 
1,369 posts, read 2,135,510 times
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This is why I'm working two jobs and living at home with my mother. I know too many in people who are in serious debt (like more than 40k). However, I see nothing wrong with going into reasonable debt for a master's degree.
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Old 07-01-2013, 03:33 PM
 
3,549 posts, read 5,375,836 times
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Originally Posted by TiltheEndofTime View Post
This is why I'm working two jobs and living at home with my mother. I know too many in people who are in serious debt (like more than 40k). However, I see nothing wrong with going into reasonable debt for a master's degree.
If the town of a few thousand people I grew up in had any of the programs I was interested in, this could have been a possibility.

Instead I have like $35k in student loans and an associates degree. Luckily I still make plenty that it's not a big issue.
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Old 07-01-2013, 04:41 PM
 
5,500 posts, read 10,519,428 times
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Originally Posted by eevee View Post
Well, I'll probably be looking at going to grad school abroad, that's for sure. I've got enough loans, thank you very much, despite good 75% of my being covered by scholarships and grants. I can go into less debt abroad if I can't get full funding.

Pitt Chick, in this day and age, it's nearly impossible NOT to take on debt when pursuing higher education. Unless you end up at an Ivy League school or other well endowed school that will give you a full ride, win some sort of 3rd party full ride scholarship, or are independently wealthy, you're going to go into some debt with a 4 year degree. There aren't enough scholarships, not enough grants, not enough state funding going to public schools, and not enough jobs for students to work their way through school. This will affect the great majority of students negatively.
A quality school is a tad under 20k at graduation.
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Old 07-01-2013, 04:42 PM
 
5,500 posts, read 10,519,428 times
Reputation: 2303
Quote:
Originally Posted by houstan-dan View Post
If the town of a few thousand people I grew up in had any of the programs I was interested in, this could have been a possibility.

Instead I have like $35k in student loans and an associates degree. Luckily I still make plenty that it's not a big issue.
35k is much more than most bachelor degree debt.
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Old 07-01-2013, 04:56 PM
 
3,549 posts, read 5,375,836 times
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Originally Posted by Gatornation View Post
35k is much more than most bachelor degree debt.
Yeah. 17k or so was from a tech school I went to as well. I'm 25 and have also made about 80k already this year. Degrees arent required for everyone to be successful. I learned plenty.

Sent from my SAMSUNG-SGH-I317 using Tapatalk 2
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Old 07-01-2013, 07:18 PM
 
Location: augusta, ks
49 posts, read 80,285 times
Reputation: 50
Quote:
Originally Posted by eevee View Post
Well, I'll probably be looking at going to grad school abroad, that's for sure. I've got enough loans, thank you very much, despite good 75% of my being covered by scholarships and grants. I can go into less debt abroad if I can't get full funding.

Pitt Chick, in this day and age, it's nearly impossible NOT to take on debt when pursuing higher education. Unless you end up at an Ivy League school or other well endowed school that will give you a full ride, win some sort of 3rd party full ride scholarship, or are independently wealthy, you're going to go into some debt with a 4 year degree. There aren't enough scholarships, not enough grants, not enough state funding going to public schools, and not enough jobs for students to work their way through school. This will affect the great majority of students negatively.

I read that more people in the U.S. are looking at Canada and other countries for college. Far cheaper and less time in school to get a B.A, B.S or M.A.
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