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I don't blame the government. Supply and demand. More and more students want a college education and are willing to pay for it.
It's not supply and demand. It's a managed market. AND they're not paying it back.
More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed, raising worries that millions of them may never repay.
While most have since left school and joined the workforce, 43% of the roughly 22 million Americans with federal student loans weren’t making payments as of Jan. 1, according to a quarterly snapshot of the Education Department’s $1.2 trillion student-loan portfolio.
At what point does a business stop lending when 40 percent don't pay or are substandard with their payments? If a business has a 40% sub standard rate on service, they go out of business.
The head of Arizona SU gets $800,000. Could that be a factor?
Not exactly, he brings in a lot more than they pay him. That's part of why University Presidents make so much, often they solicit a lot more in donations than they are ever paid. ASU has been on a conquest of epic proportions in recent years.
Tuition costs for in-state public 4 year universities averaged $9,650 for the 2016/17 year.
For an in-state 2 year college it's only $3,520/year. But the student needs to pay living expenses separate. If they are able to live with their parents while attending college, they'll save a bundle.
Room and Board can cost more than tuition.
It's approx $10k/year for room and board, but this can include meals.
Private colleges are much more costly for their advertised prices, but they are known to give generous discounts.
I recently spoke to student that was attending a college I had gone to myself back in the mid 70's. According to this student the tuition was $44,000.00. When I attended the same college in 1976 it was approx $1000.00. At that time I was making around $2.00 per hr. min wage and I could easily afford to pay tuition. However fast forward today theres no way I could afford to pay the current tuition at min wage. So over time what went wrong. Was it too much government involvement or other?
Administrative bloat, and the arrival of rich foreign students who pay full freight (and are, it must be said, displacing American students).
I recently spoke to student that was attending a college I had gone to myself back in the mid 70's. According to this student the tuition was $44,000.00. When I attended the same college in 1976 it was approx $1000.00. At that time I was making around $2.00 per hr. min wage and I could easily afford to pay tuition. However fast forward today theres no way I could afford to pay the current tuition at min wage. So over time what went wrong. Was it too much government involvement or other?
Supply and demand. Capitalism. The cost of everything rises, when profit is involved.
I recently spoke to student that was attending a college I had gone to myself back in the mid 70's. According to this student the tuition was $44,000.00. When I attended the same college in 1976 it was approx $1000.00. At that time I was making around $2.00 per hr. min wage and I could easily afford to pay tuition. However fast forward today theres no way I could afford to pay the current tuition at min wage. So over time what went wrong. Was it too much government involvement or other?
These kids are having to sell their futures to fund the professors retirement pensions. These same professors hoped that Bernie or Hillary would be elected because they would funnel more tax payer money to them.
Anytime government gets involved in the name of helping the poor, they always drive the cost up so even hard working middle class can no longer afford it.
Governments cutting state support to public colleges and relying on student loans to fill the gap.
"Forty-six states — all except Montana, North Dakota, Wisconsin, and Wyoming — are spending less per student in the 2015-16 school year than they did before the recession. Per-student funding in nine states — Alabama, Arizona, Idaho, Illinois, Kentucky, Louisiana, New Hampshire, Pennsylvania, and South Carolina — is down by more than 30 percent since the start of the recession."
These kids are having to sell their futures to fund the professors retirement pensions. These same professors hoped that Bernie or Hillary would be elected because they would funnel more tax payer money to them.
Anytime government gets involved in the name of helping the poor, they always drive the cost up so even hard working middle class can no longer afford it.
It has nothing to do with professors' retirement pensions. Nothing. Nada. ZE-RO.
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