in college costs I paid personally for my daughters?
countries within the EU as examples...i.e. both are looked at as services, and both have government oversight/rules. Furthermore, it highlights the delta costs for both Education and HC between the EU and theU.S...2X more in the U.S. for both.
With costs here continuing to increase without an end to the acceleration in sight, it seems to me that the "Status Quo" is no longer an option. While any other alternative (a'la the EU model) is likely to set off "Socialism" alarms, it seems that some degree of external controls are required to 'stop the madness'.
A few years ago, my Internist was a Doc trained in Ireland where he paid nothing for his education...all state (taxpayer) funded. He was/is an excellent physician, so no complaints on my end. In Ireland the citizens consider health care an essential service and have no problem seeing their taxes coming back to them for that 'peace of mind'. Now I'm not saying this is the only way to go, but it certainly deserves more than a passing glance.
Link: https://www.theatlantic.com/education/archive/2018/09/why-is-college-so-expensive-in-america/569884/
But then again, as Lance likes to point out, I'm a complete financial failure. Unfortunately, he's right.
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are only concerned with raising endowments, text book deals, building elaborate palaces. They could give a shit how long it will take some of these students to get a job that will allow them to pay this debt burden.
That’s unless the government does it for them. If so, watch how much tuition rises then.
It is shocking to see the price tags at places like Notre Dame. Not that I didn't know generally how expensive it would be. I just hadn't been paying really close attention recently.
That being said, there are some bargains out there where kids can get a very good education at a reasonable price. I've always said that we wouldn't spend hundreds of thousands of our own money for our kid's college education. The ROI just isn't there.
other liberal arts.
She is pretty much set on majoring in English. She loves it and frankly it's her strength so, I'm good with it (she got perfect scores on the English and Reading sections of the ACT). I'm a supporter of pursuing an area where you have a clear strength.
The big question is what she chooses to do with it. If nothing else, she should do very well as an undergraduate and that will open more doors for graduate school.
time, I've come to appreciate the softer, non-transactional, side of life. Give me a little latitude here, but to some degree I see all of us "functional types" as merely 'workers' to support the growth and development of those who make 'Humanity' special...i.e. the Arts...and I don't want to see them given 'short shrift'.
Make any sense?
(20 yrs ago), and we were able to deal with it...but the debt from multiple graduate programs is only now being 'retired' for her. As most of you know, better than I, the cost for higher education over the last 20 years has far outpaced the rate of wage growth, so it seems that the 'resolution' is not just in "refinancing", or "forgiveness"...any thoughts here?
Link: https://www.americanprogress.org/issues/education-postsecondary/news/2013/01/14/49503/congress-should-allow-students-to-refinance-their-loans/
balance?
the issue of what appears as 'non-linear' college cost increases, I'd like to see more emphasis and 'stamina' applied to finding a way to bringing it under 'control'...can I get an "Amen" on that?
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50k per year for each one. So $400k. It could be more.
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In-state tuition at State U is about $10k per year. Room and board another $10-15k. Luckily she's gotten several scholarships so total for 5 years (Covid year has set her back) will be well under $100k.
Guess I didn't realize how expensive out-of-state and private compares.
There is a group of private universities that are bulletproof...Ivies, Stanford, Duke, ND, Chicago, etc. Smaller ones are struggling.
ND hikes tuition from year to year and doesn’t even send a courtesy message about it. Sorry the bill increased $3,500 this year....nope.
and still has a balance to pay. 4 years will cost her/us close to a $90k. Great school and she may pick up another year of eligibility since she had a red shirt year or from COVID. That will depend on employment when the time rolls around.
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We get a small amount for being a Florida resident and her going there but still expensive. Her “dorm life” is a 4 bedroom, 2 bath condo just off campus. Common living room with a full kitchen.
...not remotely out of line for 2 educations these days.
after undergrad. You need to get a good job after that.
By the way that older kid that does the Shriner Hospital commercials is 46 years old.
Luckily he had almost a full boat undergrad or he would have really been screwed.
It's not like these kids had a sudden, unexpected bill dropped on them after 4 years of college. They knew exactly what the cost was and willfully took on the debt.
What's worse, in the article Tyrone linked to there is mention that many of the people carrying this student debt actually never even completed their studies or got degrees. That's brutal. No way a drop out should get their debt paid off.
Taxpayers shouldn't be on the hook to bail out their bad decisions. If that's the case, maybe the gov't wants to top up your retirement savings plan with some free money too.
I stand with PBHangingChad.....on this one issue.
back? My one daughter is very successful working in DC and after two years has seen her salary go from 57k to 85k at 26 years old. Sounds good but the cost of living is horrendous there. My other kid was laid off due to Covid, cannot find a job right now in her field, so I am a little bitter. By the way the "successful" daughter got no help from the graduate school placement program at ND after majoring in Global Health. She graduated from it with a higher average than all but one in her program. She got job on her own and because of her skills has performed well and she loves ND as do I but the job placement graduate program pales in comparison to the undergraduate business placement program.
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the 10000 figure by directly paying for the student loans. They are the ones to blame today as so many of their students are unemployable. It should be across the board. Maybe schools should base their tuitions on the success of their academic programs and or usefulness of them. For example, pre med, pre law, business schools that have successful placement history can charge an appropriate amount for that academic education while the liberal arts degrees that really don't put students in a position to succeed financially should only charge maybe half the amount.
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their mom and I paid them.
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in case there is another “B” letter added for certain people. So it will be LGBQTIB.
From many yr ago? I be woke, I swear