The great thing about the European system is the college is only 3 years long and most students attend an institution akin to trade school. No moron wasting 100k on a gender studies degree.
or....300k on a medical degree. You want doctors don't you? The issue is not just that our system doesn't offer "free education", it's that the its become a huge for-profit center. College tuition has gone up exponentially.
I feel like a lot of you must have gone to college in a different time. I have over $100K of loans and after being graduated now for 10 years and paying $800 a month consistently, with the interest accrual I haven't even made a dent in what I still owe.
Did you not work during college? Did you live in lavish apartments and use the loan money to fund your lifestyle? There are plenty of universities with tuition under $30k tuition. Many in-state tuitions under $20k. You could go to a community college for two years for even less, finish some basic credits, and transfer and still get the BS or BA from a university and it's the same shiny diploma even though you weren't there the full duration. The only way I could see someone having $100k+ in debt is if they made a dumb choice and went to one of the expensive $30k+ schools. How about you don't do that if you don't have to take loans for it all and don't want to pay it back.
The student loan crisis is really due to two major factors: 1. Students attending expensive colleges, taking out student loans and obtaining degrees that do not have a good return on investment. We all know what these types of degrees are. A student taking science classes at a community college is spending their money more wisely than a student at NYU taking film classes or a student at Williams obtaining a art history degree, despite the much greater "prestige" attached to the latter. 2. Colleges and Universities not having any skin in the game when it comes to whether or not their students pay off their loans. A 70k a year school will get their money regardless if the student who took out the loans becomes a CEO or a barista. This is because the government guarantees all student loans. When combined with student loan forgiveness, this has resulted in massive inflation of school costs. I had around 60k of undergrad loans and 350k of medical school loans. My wife had around 80k of medical school loans. We finished paying them all off within 5 years of me finishing my medical training. Our combined income is around 800-900k. We are compensated well, but I do believe that we earn every penny given the work we do and the training we had to go through to get there. I much prefer this to the European system, where your education is paid for, but you make pennies as a physician.
The student loan crisis is really due to two major factors: 1. Students attending expensive colleges, taking out student loans and obtaining degrees that do not have a good return on investment. We all know what these types of degrees are. A student taking science classes at a community college is spending their money more wisely than a student at NYU taking film classes or a student at Williams obtaining a art history degree, despite the much greater "prestige" attached to the latter. 2. Colleges and Universities not having any skin in the game when it comes to whether or not their students pay off their loans. A 70k a year school will get their money regardless if the student who took out the loans becomes a CEO or a barista. This is because the government guarantees all student loans. When combined with student loan forgiveness, this has resulted in massive inflation of school costs. I had around 60k of undergrad loans and 350k of medical school loans. My wife had around 80k of medical school loans. We finished paying them all off within 5 years of me finishing my medical training. Our combined income is around 800-900k. We are compensated well, but I do believe that we earn every penny given the work we do and the training we had to go through to get there. I much prefer this to the European system, where your education is paid for, but you make pennies as a physician.
Every school is expensive. My daughter when to an in-state school and it was still 30K/ yr with tuition +room & board. I know recent graduates of "good" degrees having trouble finding work. College isn't vo-tech. You should be able to study what you want without paying 300K for your education.
School costs are inflated, I'll give you that.
you must be a specialist. You are actually part of the problem. No one wants to do Family medicine anymore. Thus jacking up medical cost. Of course, you prefer a system in which you make 900K. You don't earn it, no matter what you say. You work maybe 4 days a week.
I sense anger and jealousy in your post. It is misdirected. Medical costs are excessively high in the U.S. due to many things, but most assuredly, physician pay is not one of them. Furthermore, I can't think of any other job more deserving of high pay than a physician. The sacrifices are huge monetarily, physically, mentally, emotionally as well as time costs. It is beyond what your average person could ever comprehend. I gave away ALL of my twenties and early thirties for my profession and I still often work 6 to 7 days a week. My wife is an outpatient internist, and she would be the first to tell you that I more than earn every penny I receive for the work I do, which is something that only a handful of people in the entire country are capable of doing. She is definitely underpaid for the work that she does, but that is due to factors which have nothing to do with how much specialists are paid, which is mostly a function of supply and demand. The reason people don't want to go into primary care is because of excessive paperwork, increasingly ungrateful/demanding patients, and erosion of salaries due to large healthcare organizations replacing them with undertrained NP's and PA's.
not jealous. Just not buying the God complex. Is your post a joke? acting as if "you little old specialists" are the only ones to make sacrifices is beyond ignorant. A lot of people have tougher jobs for a lot less. your pay more justified than the average NBA player, but that's about it.
I know the sacrifices, believe me but there are also perks. Congrats on the success but your entitlement is appalling. You should hang around real people.
Only reason for someone to have that amount of debt is for a graduate degree. If they have a grad degree, they should have no problem repaying their debt. My wife had about that amount of debt. Paid it off in five years.
Only reason for someone to have that amount of debt is for a graduate degree. If they have a grad degree, they should have no problem repaying their debt. My wife had about that amount of debt. Paid it off in five years.
incorrect. School costs more than 40 years ago when you went,boomer
VIT wrote: second, we have gutted state university funding and passed it on to the kids.
It always amazing me how simply looking at the data would prove this is false. Funding has remained relatively consistent over the last 30 years. But as a percentage, it has indeed gone down. Why? Because the cost has risen significantly higher than the rate of inflation. The administrative bloat is primarily to blame for this of course. But our Big Education political bootlickers would never assign fault within the universities for their rising costs. Instead, they'll just scream funding has gone down!
And of course, the irony being those that are most highly "educated' either willfully ignore this, or are just too ignorant understand what is really going on. Either way you're not supposed to be this easily fooled. But hey, even with college graduates, the world needs intellectual ditch diggers.
Only reason for someone to have that amount of debt is for a graduate degree. If they have a grad degree, they should have no problem repaying their debt. My wife had about that amount of debt. Paid it off in five years.
My wife graduated with $20k from undergrad (private school 20 years ago) and $145k from grad 12 years ago. We made our choices and weren't totally frugal - we lived our lives in our 20s and 30s - but her income was not enough, out of grad school, to knock out $150k in a matter of years. She made a choice to get her doctorate and take on the debt, but "Grad" is not a smoking gun to wipe away your debt when you're working. We've gone from like $110k down to $38k remaining in the last five years. The end is in sight.
Only reason for someone to have that amount of debt is for a graduate degree. If they have a grad degree, they should have no problem repaying their debt. My wife had about that amount of debt. Paid it off in five years.
incorrect. School costs more than 40 years ago when you went,boomer
I’m Gen X. My wife is a millennial. My kids are looking at colleges and a number of my nieces and nephews are in college right now. Financial Aid is ridiculously generous as long as your child has a modicum of intelligence. There are plenty of affordable college options available. Grad school is pricey. You just have to make sure you are getting a degree that is worth the investment. That responsibility rests with you, not the taxpayer.
VIT wrote: second, we have gutted state university funding and passed it on to the kids.
It always amazing me how simply looking at the data would prove this is false. Funding has remained relatively consistent over the last 30 years. But as a percentage, it has indeed gone down. Why? Because the cost has risen significantly higher than the rate of inflation. The administrative bloat is primarily to blame for this of course. But our Big Education political bootlickers would never assign fault within the universities for their rising costs. Instead, they'll just scream funding has gone down!
And of course, the irony being those that are most highly "educated' either willfully ignore this, or are just too ignorant understand what is really going on. Either way you're not supposed to be this easily fooled. But hey, even with college graduates, the world needs intellectual ditch diggers.
you are acting like admin bloat is the only cost to rise in 30 years. And you dare call everyone else ignorant? Facility costs alone have doubled. Colleges are paying tens of millions for football coaching.
incorrect. School costs more than 40 years ago when you went,boomer
I’m Gen X. My wife is a millennial. My kids are looking at colleges and a number of my nieces and nephews are in college right now. Financial Aid is ridiculously generous as long as your child has a modicum of intelligence.
yeah at a crappy school. I hope your kids enjoy Grand Canyon U.
I’m Gen X. My wife is a millennial. My kids are looking at colleges and a number of my nieces and nephews are in college right now. Financial Aid is ridiculously generous as long as your child has a modicum of intelligence.
yeah at a crappy school. I hope your kids enjoy Grand Canyon U.
My niece has a full tuition scholarship to one of the top engineering schools in the country. My co-worker’s daughter has a full tuition scholarship to the top law school in our region. My daughters have already hit SAT scores that would get them automatic scholarships to most of the universities in the state. All went to public schools. All worked hard. It’s not that difficult. Sure, they might have to take out some loans for living expenses, but that is not unmanageable.
What happens when you move abroad and don't return (to the US)?
I finished grad school with about $200k in loans and immediately moved abroad for a couple years upon graduation. I kept paying my loans you nimwit, whether or when you return to the US has nothing to do with it.
Pay your bills. When you sign your name, that’s your word.
Dont go back on your word.
You may not like the military, but join if you have to.
I wasn’t any good at it but I joined 3 times.
Air Force 4 years. Army 4 years. Active Army Reserve 12 years. Used G.I. Bill. If you don’t like the military route ( and it’s much more dangerous of a chance today) there are other ways.
The great thing about the European system is the college is only 3 years long and most students attend an institution akin to trade school. No moron wasting 100k on a gender studies degree.
or....300k on a medical degree. You want doctors don't you? The issue is not just that our system doesn't offer "free education", it's that the its become a huge for-profit center. College tuition has gone up exponentially.
Imagine how much less debt your country would have in university were 1 year shorter.
Imagine how much less debt your country would have people lived at home while they went to college like most go in Europe.
Most of all imagine how much less debt your country would have is stupid people couldn’t gain admission to university like they can’t in Europe.
In Europe we have free university because we have a much more practical approach to education.