New study About Dozens of Universities Steer Low-Income Families to Debt They Can't Afford

[Anonymous]

Anonymous wrote:

Anonymous wrote:Awful. The Obama Admin tried to do something about Parent Plus but were blocked by HBCU grifters. Glad to see no HBCUs on these lists though.

https://cbc.house.gov/news/documentsingle.aspx?DocumentID=448

Obama is responsible for the student loan crisis and the absurd view that everyone deserves to go to college.

Seriously? My working class mother was adamant that I was going to college when I was growing up in the 1960s.

[Anonymous]

Sad to see the Catholic schools on this list

[Anonymous]

I don't usually fault universities for providing all information, including any financial information they have re: how a student can get through college and graduate.

Also I've known plenty of first generation college students who have gone on to a much better life, professionally, personally, by graduating. And yes, they did pay-off their loans.

[Anonymous]

Those published figures look to be about the cost of a new car. A modest new car. I see nothing shocking here

[Anonymous]

I knew Miami would be on there. (Miami mom.)

[Anonymous]

Anonymous wrote:The list includes 23 selective private universities and 18 public flagship and research institutions, nearly half of which are in the South.

https://www.newamerica.org/education-policy/reports/parent-plus-subprime-loans-universities-debt/

The list shows categorically mediocre schools, hardly selective, and certainly not T50. For the best aid go T20, for the worst pick a school on these lists.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Awful. The Obama Admin tried to do something about Parent Plus but were blocked by HBCU grifters. Glad to see no HBCUs on these lists though.

https://cbc.house.gov/news/documentsingle.aspx?DocumentID=448

So maybe it’s not the HBCU schools that are the “grifters”.

Americans routinely take on enormous debt for medical care and education— things that many countries provide at minimal or no cost — recognizing the importance of having educated, healthy citizens.

That's because most other countries don't have a "college for all" mentality. Student aptitude is tracked early on and funneled towards trade or university accordingly (e.g. Germany) or admission is based on a single exam (e.g. East Asia).
The American college setup contains a social engineering agenda that most other countries do not flirt with.

[Anonymous]

A couple of these colleges, RIT and Drexel, offer STEM degrees that should pay well if the kids find jobs.

I'm also slightly familiar with Duquesne. Household income/wages are comparatively low in Pittsburgh. Housing is very affordable there.

I have to wonder if there aren't some geographic phenomena behind how some schools got on this list. Besides the southern situation.

I don't think it's right to exploit low income people but I think an RIT engineering degree would be a good choice for a first-gen student. In fact a friend of mine's niece did that and has a good paying job in the I-270 "Technology Corridor".

[Anonymous]

Anonymous wrote:Those published figures look to be about the cost of a new car. A modest new car. I see nothing shocking here

If I am understanding correctly, the amount was for students whose family incomes were $30,000 or less. That is a ton of non dischargeable debt for a very low income family.

Also, would not the students already have taken out federal loans before resorting to Parent Plus?

[Anonymous]

Anonymous wrote:

Anonymous wrote:The list includes 23 selective private universities and 18 public flagship and research institutions, nearly half of which are in the South.

https://www.newamerica.org/education-policy/reports/parent-plus-subprime-loans-universities-debt/

The list shows categorically mediocre schools, hardly selective, and certainly not T50. For the best aid go T20, for the worst pick a school on these lists.

That is not the point.

This was not looking HYPSM etc. It was a study of 300 of the most selective colleges. HYPSM can't serve all the low income students in the US.

It also explained how this is deliberate strategy by many schools to move up in rankings.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The educational industrial complex is alive and well in America. Nothing new. Many other schools use low income families as part of their social engineering posturing efforts.

How many of these kids actually graduate from these institutions of higher learning. Most would probably have been better off pursuing a trade instead of a dead end major even if they graduate.

That’s not actually it. They just fleece everyone for all they are worth. These kids deserve a college education but shouldn’t be exploited with piles of debt - which of course is a big reason why the degree may not be worth it.

No one “deserves” to go to college. It’s a privilege. And no one is forcing people to take out terrible loans. You do what you can afford to do and attend where you can afford. Maybe that means a less selective college with a lot of scholarships, or community college first, or working part time/full time while saving for school and taking classes as you can pay for them, or joining the military and having them pay. Plus not everyone needs to go to college. I don’t feel bad for people that take out loans they can’t afford- when there are many, many other ways to get an higher education without them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The list includes 23 selective private universities and 18 public flagship and research institutions, nearly half of which are in the South.

https://www.newamerica.org/education-policy/reports/parent-plus-subprime-loans-universities-debt/

The list shows categorically mediocre schools, hardly selective, and certainly not T50. For the best aid go T20, for the worst pick a school on these lists.

OP - Don’t shoot the messenger. That was a direct quote from the study, not my description of selective.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Awful. The Obama Admin tried to do something about Parent Plus but were blocked by HBCU grifters. Glad to see no HBCUs on these lists though.

https://cbc.house.gov/news/documentsingle.aspx?DocumentID=448

So maybe it’s not the HBCU schools that are the “grifters”.

Americans routinely take on enormous debt for medical care and education— things that many countries provide at minimal or no cost — recognizing the importance of having educated, healthy citizens.

That's because most other countries don't have a "college for all" mentality. Student aptitude is tracked early on and funneled towards trade or university accordingly (e.g. Germany) or admission is based on a single exam (e.g. East Asia).
The American college setup contains a social engineering agenda that most other countries do not flirt with.[/quote]


_+1. Exactly. Why isn't anyone saying these parents should say no to taking on this debt? What about free agency? If I buy a cadillac that turns out to be a lemona and I can't afford it, that's my fault. Why do we here say "oh bad schools offering a way to pay for American education". Parents can just say "we can't afford it" as my parents did often.

[Anonymous]

Thanks for sharing. I was a little surprised to see USC on there. I thought they were better resourced and already popular enough to pull full pay top students.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Awful. The Obama Admin tried to do something about Parent Plus but were blocked by HBCU grifters. Glad to see no HBCUs on these lists though.

https://cbc.house.gov/news/documentsingle.aspx?DocumentID=448

So maybe it’s not the HBCU schools that are the “grifters”.

Americans routinely take on enormous debt for medical care and education— things that many countries provide at minimal or no cost — recognizing the importance of having educated, healthy citizens.

That's because most other countries don't have a "college for all" mentality. Student aptitude is tracked early on and funneled towards trade or university accordingly (e.g. Germany) or admission is based on a single exam (e.g. East Asia).
The American college setup contains a social engineering agenda that most other countries do not flirt with.

+1 Communist countries don't give kids the choice. They get funneled to certain tracks based on tests when they're young. Special needs children are treated terribly and have no opportunity.

So that pp you're responding to can knock off bashing the US. These communist ideals that she's pushing do NOT lead to bright futures for most children.