Seems cheap to me, parents have money so don't care
Go find something else to do
Seems cheap to me, parents have money so don't care
Go find something else to do
The City Colleges of Chicago might be a better fit for someone like you.
"Education that Works"
Supply and demand.
alwayss be closing wrote:
Should young people just pull themselves up by their own bootstraps? Work a summer job to pay tuition? Nevermind that Northwestern was $3500/year in 1970, the same rules apply, right?
This is kind of funny. They'll take out $70k/yr in student loans and they'll have to wait 5-10 years before they work their way into a job that pays $70k/yr.
But in all seriousness, who cares. Congress will be forgiving ALL student loans while overhauling the financial aid system to keep this disaster from happening again. So might as well take out the loans while you can and get them forgiven.
There's too much research now proving that student loans are costing the economy 1%+/yr. When Trump hears this he will make the tough decision to forgive all current loans and overhaul the system.
sbeefyk1 wrote:
But in all seriousness, who cares. Congress will be forgiving ALL student loans while overhauling the financial aid system to keep this disaster from happening again. So might as well take out the loans while you can and get them forgiven.
There's too much research now proving that student loans are costing the economy 1%+/yr. When Trump hears this he will make the tough decision to forgive all current loans and overhaul the system.
Haha. A move that would harm his billionaire buddies isn't going to happen. The loan holders will demand a huge ransom for paying the loans off early. Not to mention the fact they own both houses of Congress, regardless of the majority party.
I love the assumption that Trump will declare it so and it will be done. Maybe revisit that political science class you were supposed to take in high school?
sbeefyk1 wrote:
This is kind of funny. They'll take out $70k/yr in student loans and they'll have to wait 5-10 years before they work their way into a job that pays $70k/yr.
But in all seriousness, who cares. Congress will be forgiving ALL student loans while overhauling the financial aid system to keep this disaster from happening again. So might as well take out the loans while you can and get them forgiven.
There's too much research now proving that student loans are costing the economy 1%+/yr. When Trump hears this he will make the tough decision to forgive all current loans and overhaul the system.
Excuse me, this thread is about short-sighted boomers and their hypocrisy. Please do not deviate from the subject.
At many of these highly competitive schools, most everyone with a family that has an income under $100k gets significant financial aid. The actual cost for college for these families is closer to a state school. But these families generally do not have any money to spare. So, a lot of these kids will opt for a full ride at a lesser university than to go with a highly competitive school at a much higher cost. Then, for those whose families make $150k+, the amount of financial aid is minimal. Some parents are able to pay but many are not and make their kids take out loans. The kids then end up in a worse position financially than their parents over the long run because of the debt and poor job opportunities. But for the very wealthy, the tuition, even at full price, is not even a bump in the road financially. Their kids get out of school with no debt and are able to quickly move into high paying jobs thanks to their parents country club/corporate connections. So, the higher education system is really ruthlessly efficient at preserving the existing economic class system and offers little chance for mobility especially for those living in middle to lower middle income households.
The upper middle class gets the shaft...HARD. Most productive, but yet absolutely screwed on taxes, financial aid and overall quality of life. Better to be straight middle class or just leisure-class wealthy.
alwayss be closing wrote:
Nevermind that Northwestern was $3500/year in 1970, the same rules apply, right?
$3,500 in 1970 with inflation is equivalent to $21,959 in 2016 (using CPI data provided by the BLS). Prices have gone way up, but maybe not as much as you think.
E. Bonix wrote:
The City Colleges of Chicago might be a better fit for someone like you.
http://www.ccc.edu"Education that Works"
Yeah boomer, you got to enjoy the leafy quads of Northwestern-level schools for $2000/year and tell the next generation to go to sh*tty public colleges in the inner city because they're a "better fit." Go straight to hell.
alwayss be closing wrote:
Should young people just pull themselves up by their own bootstraps? Work a summer job to pay tuition? Nevermind that Northwestern was $3500/year in 1970, the same rules apply, right?
Yes the same rules apply. If you can't afford to go to Northwestern, then don't go there. There are plenty of schools that cost less than $10000 for full time. I don't understand why you are bringing age into this, but yes pull themselves up with their bootstraps and get a job to pay for your tutition.
People complaining about the cost of tuition are ignorant and silly.
Well I guess I'd say that one does not HAVE to go to Northeastern and that if you can't afford it go to one of the hundreds of schools you can afford that will still give you a fine education. Why do you think you are entitled to go to a 70k school?
alwayss be closing wrote:
The upper middle class gets the shaft...HARD. Most productive, but yet absolutely screwed on taxes, financial aid and overall quality of life. Better to be straight middle class or just leisure-class wealthy.
I've held this contention for several years now. Frankly, my wife and I are living the real American dream. Neither of us came from money, my parents didn't even graduate college. But both were stable families that valued education. We both graduated from a good state school, worked white collar jobs and now are in our late 30's. Combined income is north of $200k. To me that's really the American dream. It's not starting a business and selling 10 years later for millions. Sure that's doable, and I'm glad it is. It's just not realistic from a statistical standpoint. But my life is. And yet sending our two daughters to a place like Northwestern would be financially ruinous. But yet, I'm the person most of those parents hope their kid turns out to be when they go there. Doesn't make a lot of sense.
Hey twinkletoes, boomers did not force NW university to charge 70 grand.
alwayss be closing wrote:
sbeefyk1 wrote:This is kind of funny. They'll take out $70k/yr in student loans and they'll have to wait 5-10 years before they work their way into a job that pays $70k/yr.
But in all seriousness, who cares. Congress will be forgiving ALL student loans while overhauling the financial aid system to keep this disaster from happening again. So might as well take out the loans while you can and get them forgiven.
There's too much research now proving that student loans are costing the economy 1%+/yr. When Trump hears this he will make the tough decision to forgive all current loans and overhaul the system.
Excuse me, this thread is about short-sighted boomers and their hypocrisy. Please do not deviate from the subject.
Explain. How can you lump an entire age--educated 40 to 50 years ago-- cohort into the current cost of college education? At one selective school in particular? Education was affordable in the 1950s - 70s and 80s. Not so much now. But what's your point?
one geezer runner wrote:
Education was affordable in the 1950s - 70s and 80s. Not so much now. But what's your point?
Education is affordable now. Just because Northwestern allegedly costs $70k per year doesn't mean that education is not affordable.
alwayss be closing wrote:
E. Bonix wrote:The City Colleges of Chicago might be a better fit for someone like you.
http://www.ccc.edu"Education that Works"
Yeah boomer, you got to enjoy the leafy quads of Northwestern-level schools for $2000/year and tell the next generation to go to sh*tty public colleges in the inner city because they're a "better fit." Go straight to hell.
(1) I'm probably your age, dink. (2) Unlike you, I refrain from playing the victim card.
Gokvkv wrote:
I don't understand why you are bringing age into this, but yes pull themselves up with their bootstraps and get a job to pay for your tutition.
People complaining about the cost of tuition are ignorant and silly.
This post is absolutely enraging. How the hell do you think someone is going to pay 70k with a summer job? You're so out of touch it hurts.
alwayss be closing wrote:
Should young people just pull themselves up by their own bootstraps? Work a summer job to pay tuition? Nevermind that Northwestern was $3500/year in 1970, the same rules apply, right?
You don't need to go to Northwestern. Find a cheaper alternative, get good grades at a smaller/cheaper school and then go to grad school there and get your tuition covered and get paid by being a research assistant or T.A. Getting an undergrad degree at Northwestern is not going to distinguish you from the work force that much. However, a graduate degree will. Get good grades and get a academic scholarship to cover tuition. Work 10 to 20 hours a week on campus. Half the jobs are ones that you can do your course work while there (i.e. residence hall front desk) and still get paid $10 to $15 and hour. Plenty of alternatives here.
High School kids are stupid (I was too looking back at my choice and resulting student loans) and don't look at how going to a particular school will affect them financially in the long run. They get their heart set on one school even if financially it will make it hard to afford. It is not until after they graduate from a place like Northwestern or NYU with a History degree with 100K to 150K in student loans that they see the magnitude of their decision.
Should you work a summer job to pay tuition? Yes. It may not cover much, but at least you can pay for books and avoid you taking out as much in private loans vs your federal loans. Try to find jobs that coincide with your major. GET AN INTERNSHIP every summer! Can't stress this enough. Your chances of finding a job after college increase exponentially as you now have some experience and you now have connections. Your summer job as a life guard won't cut it on your resume.
Yes, in 1970 tuition was a lot cheaper, but you also did not have as many people going to college. In some areas, colleges would reduce tuition as students became Juniors and Seniors to provide incentives for them to stay and not drop out. Most graduated high school and entered the work force in blue collar jobs, enter apprenticeships, or joined the army. Now everyone thinks they need to go to college and it has become more of a commodity. Hence more administration positions at colleges causing more overhead costs that result in higher tuition.
So to answer your question 'Should young people just pull them selves up by their boot straps?'...Yes. Learn to figure things out without relying on Mommy and Daddy. Does it suck that things cost more, yes, but that is life. Figure out how you can reach your end goal and work to overcome obstacles to get there. If you don't learn to figure out things on your own and be accountable for your own actions now, it is going to be hard for you when you finally enter the work force.
Billy Fap wrote:
Hey twinkletoes, boomers did not force NW university to charge 70 grand.
Hey boomer - your kind created the market and social conditions that causes impressionable children to take ruinous amounts of debt to graduate college, which was 12 times cheaper (literally) when you went.