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The community college in my jurisdiction has increased its tuition by 80% in the last 10 years. It costs about 6k a year for a FT load. Much of the relief IS going to community college students.
My hope is that the outrage about this spurs people to demand their politicians to investigate college costs. I've been screaming for 10 years about how college costs have been rising 3-4x the rate of inflation. Students have compensated by going into more debt. No one seemed to care until the debt rose so much so fast we had to bail them out.
The college I went cost me about 11k a year. That was 15 years ago. Today it costs 26k a year. I want to know WHY and FOR WHAT?
I agree that the whole student loan and college tuition needs a looking and fixing because it is very broken.
My guess is technology has increased costs because computers and wiring schools got expensive. Now that everything is wireless college should get cheaper but teacher salaries have gone up a lot.
Teachers in my last town where my taxes were less than $2k a year were making $75k almost 20 years ago when my daughter was in school.
I agree that the whole student loan and college tuition needs a looking and fixing because it is very broken.
My guess is technology has increased costs because computers and wiring schools got expensive. Now that everything is wireless college should get cheaper but teacher salaries have gone up a lot.
Teachers in my last town where my taxes were less than $2k a year were making $75k almost 20 years ago when my daughter was in school.
It's probably all that and more. Going online doesn't save any money when you still have teachers. Going online saves money when it eliminates a job class.
Where I live the teachers start at about 55-58k per year but there is still a shortage because the housing has doubled, that amount won't get you into an apartment even. So no one wants the jobs.
I agree that the whole student loan and college tuition needs a looking and fixing because it is very broken.
My guess is technology has increased costs because computers and wiring schools got expensive. Now that everything is wireless college should get cheaper but teacher salaries have gone up a lot.
Teachers in my last town where my taxes were less than $2k a year were making $75k almost 20 years ago when my daughter was in school.
The issue isn’t so much the wiring (that is typically like a one-time expense) but the cost of all the materials. You now have to have all these software. In the past, students could go to A&B used book store and get the same textbook used the past 6 years. Now textbooks are primarily electronic or at least have supplements and you have to have a new one yearly to get the required material. The school also has to have licenses for all the various programs required, while in the past they’d just have to pay for an overhead and some overhead slides/markers the teachers could use.
I haven’t seen that teacher salaries have gone up that much in many places. I am from FL and it’s rare that any teacher makes $75K. When I was looking at teaching jobs 20 years ago, it was hard to reach $50K without a lot of additional certifications/degrees. Even at the college level, the salaries aren’t that high. At the university level, there aren’t a whole lot making six figures.
The issue isn’t so much the wiring (that is typically like a one-time expense) but the cost of all the materials. You now have to have all these software. In the past, students could go to A&B used book store and get the same textbook used the past 6 years. Now textbooks are primarily electronic or at least have supplements and you have to have a new one yearly to get the required material. The school also has to have licenses for all the various programs required, while in the past they’d just have to pay for an overhead and some overhead slides/markers the teachers could use.
I haven’t seen that teacher salaries have gone up that much in many places. I am from FL and it’s rare that any teacher makes $75K. When I was looking at teaching jobs 20 years ago, it was hard to reach $50K without a lot of additional certifications/degrees. Even at the college level, the salaries aren’t that high. At the university level, there aren’t a whole lot making six figures.
My eBook texts are usually at a fraction of the cost of what I was paying in undergrad for the real deal. Amazon even rents them out at a fraction of the cost. I could have used my last class' text (from Amazon) for $15 for a four month rental. I used the eBook version that was still under $100 and I get access to that for a much longer period of time. When I was purchasing books for undergrad, it was not uncommon to pay $200-$300 for a text.
A lot of flagship schools offer online degree programs at a fraction of the cost of brick and mortar programs. ASU, CSU, Maryland, SNHU, Purdue, and Pepperdine just to name a few. People snub their noses at these programs though, even knowing little to nothing about them. There are some cheaper options becoming available, but people tend to cling to what they know even if it's at a premium.
My eBook texts are usually at a fraction of the cost of what I was paying in undergrad for the real deal. Amazon even rents them out at a fraction of the cost. I could have used my last class' text (from Amazon) for $15 for a four month rental. I used the eBook version that was still under $100 and I get access to that for a much longer period of time. When I was purchasing books for undergrad, it was not uncommon to pay $200-$300 for a text.
A lot of flagship schools offer online degree programs at a fraction of the cost of brick and mortar programs. ASU, CSU, Maryland, SNHU, Purdue, and Pepperdine just to name a few. People snub their noses at these programs though, even knowing little to nothing about them. There are some cheaper options becoming available, but people tend to cling to what they know even if it's at a premium.
A lot of publishers have moved to a kind of Netflix-style subscription model. You pay a set amount for 1-semester access to the e-book and various exercises based on the material that the instructor assigns. It's quite clever actually. Over time, the students will pay about the same amount for their books but it won't be all up front, and they save on cost of creating the physical books, shipping them, etc... It's cheaper because... like when you sign up for Paramount Plus... you can only get their newest content through the app. So the publishers they update the stuff enough where you can't get it 2nd-hand. It's a lower up front sticker price but the money goes directly to them, and not to the various service providers like the bookstore, printer, distributor, etc...
People over 55 were completely neglected - people in default were also neglected.
Young kids who have their whole life ahead of them - may be helped.
People with graduate loan debts were not helped.
People earning over $125K were not helped.
Forgiveness without waiver of the accumulated interest and debt collection fees makes this plan hollow.
My opinion is that this was a lot of show - without any real teeth. Anybody else?
Really only interested in the opinions of people who HAVE student loan debt - I'd rather not hear from the bitter people - I already paid my loans, this isn't fair - wah wah wah. Leave that for another thread. Thanks.
I was going to apply but huh ... People in default don't get it?
It'll never be paid off then. I had been paying on mine right up until 2006 when I had to leave my career to be a caregiver. Since the CDC has zero intentions on ever solving the puzzle of autism; and there is no supports for family caregivers of the severe kids; I'll never be able to earn an income for the rest of my life.
Of course it went into default. My entire life & career went into default. had I known I'd only be able to work for a little over a decade after graduating college, I'd have never taken out the loans. The majority of my education was paid by Pell grants. I was a teenage mom with a 9th grade education when I started college. I worked so hard only to wind up like this. Oh well.
I was going to apply but huh ... People in default don't get it?
It'll never be paid off then. I had been paying on mine right up until 2006 when I had to leave my career to be a caregiver. Since the CDC has zero intentions on ever solving the puzzle of autism; and there is no supports for family caregivers of the severe kids; I'll never be able to earn an income for the rest of my life.
Of course it went into default. My entire life & career went into default. had I known I'd only be able to work for a little over a decade after graduating college, I'd have never taken out the loans. The majority of my education was paid by Pell grants. I was a teenage mom with a 9th grade education when I started college. I worked so hard only to wind up like this. Oh well.
You should be able to file bankruptcy for your student loans due to your situation unless your hub makes too much. It can be involved but you're very smart, I know if anyone can figure it out, you can. I know another woman in your shoes but with multiple sick kids except she went and got two degrees that she stopped paying on back in 2011 they were at $100k if not more. I can't even imagine how high her loans are now.
You know where to find me if you need help with filing bankruptcy for those loans. Lots of links on google of people who have gotten it within the last year or so.
I was going to apply but huh ... People in default don't get it?
It'll never be paid off then. I had been paying on mine right up until 2006 when I had to leave my career to be a caregiver. Since the CDC has zero intentions on ever solving the puzzle of autism; and there is no supports for family caregivers of the severe kids; I'll never be able to earn an income for the rest of my life.
Of course it went into default. My entire life & career went into default. had I known I'd only be able to work for a little over a decade after graduating college, I'd have never taken out the loans. The majority of my education was paid by Pell grants. I was a teenage mom with a 9th grade education when I started college. I worked so hard only to wind up like this. Oh well.
What if my student loans are in default?
If your loans are in default, you can likely still qualify for forgiveness. If collections activities were halted on your debt during the federal student loan payment pause, your loans are expected to be eligible for forgiveness.
And thanks to the Department of Education’s Fresh Start program, borrowers have the opportunity to return defaulted federal loans to good standing. Loans that are eligible for Fresh Start include direct loans, Federal Family Education loans (FFEL) and Perkins loans that are held by the Department of Education.
It's also not true that those over 55 aren't eligible.
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