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So? Your kid doesn’t have to go to an Ivy League school. He can go to a state university. I’m sure you’ve saved some money for his college, and then he can get an academic scholarship and work a part-time job. The debt load will be minimal.
Other people shouldn’t have to pay for your college, or your kid’s.
a 69' Chevy Nova (my first car) was just under 3k brand new
a 20' chevy impala 37k
For academic year 2018-2019, the undergraduate tuition & fees at Nassau Community College is $5,880
the undergraduate tuition & fees at University of North Carolina Pembroke is In-state 3,418 USD
University of North Carolina at Chapel Hill/Undergraduate tuition and fees..In-state 8,987 USD
no one should be racking up 100k student loans for anything less than a masters....
so for your UoP tuition was 400 in 1930..while the median income was 720
and……………………………………53k est 2020...while the median income is est at 75k
While I'm against such a proposal on principle, I also won't scream and shout about the situation given that it'll wipe out a lot of debt for me. Note, I'm also enrolled in the Public Service Loan Forgiveness Program, so most of my loan debt will be forgiven after ten years of military service anyway (I'm already more than halfway there).
But the gesture isn't sustainable and sends the wrong message for those who have faithfully paid off their loans.
What about parents who bought a less expensive home or took more modest vacations over the years so they could pay for their children's college, or at least pay a good chunk of it with junior/junioress working a part-time job during terms and full-time each summer, so that the student graduated with little to no debt? You mean to tell me all this time parents could have bought a better house, took nicer vacations, and junior/juniorness just borrow to the hilt rather than work part-time because OTHER PEOPLE would pay for his education?
About damn time. College has turned into a money making, crooked scheme full of overpriced institutions (mostly) screwing kids over.
So you want to aid them in the crooked scheme by just paying them? What sense does that make? Actually, it should be harder for students to get loans and money for college. If enrollment rates drop because of high tuition, the schools will need to cut costs and adjust to what the market will bear. It’s similar to the housing crisis of 2008. Thanks to Clinton, people could get loans for expensive houses they had no business buying. Loans being readily available drove up housing prices to rediculous numbers. In the same way, student loans being readily available have driven up costs.
It will never happen. You would have rioting in the streets such that will make what has happened this year look tame. It would also be the death of the democrat party as well. A small percentage of people are in school at any one time, but thee are far more who are out and have/are paying off their loans. Giving away free stuff sounds good but it never works out that way.
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