Parents Paying for College is Real Reason College Has Become Unaffordable for Many

[Anonymous]

Anonymous wrote:This is stupid. College is expensive because of propaganda that everyone needs college, collapse of the blue collar economy, and subsidized LOANS.

College is expensive because subsidized loans encouraged schools to charge every last penny they could charge. Shameful

[Anonymous]

NOPE. The big uptick in college costs came when the government started loaning people money for college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is stupid. College is expensive because of propaganda that everyone needs college, collapse of the blue collar economy, and subsidized LOANS.

College is expensive because subsidized loans encouraged schools to charge every last penny they could charge. Shameful

My son’s subsidized loan amount is $5500 as a junior and $5500 as a senior. That amount is minimal. Freshman and sophomore year amounts are even less. Those amounts haven’t increased much since I was in college nearly 30 years ago.

[Anonymous]

Anonymous wrote:Loans are definitely part of today’s problem but parents paying for ADULT children (18+) is part of the equation none of you are willing to accept is parents paying. Take away the loans fewer students attend and costs fall. Parents paying and costs fall further and puts the burden back where it belongs on the students.

You are not going to stop parents from paying for their kid's education. Most of us plan for it, and also planned for Professional school as well, if/when our kids want it.

[Anonymous]

Like any business, the price charged is based on what they think the market can bear. When student loans became supported by government programs, the effect was a tuition hike. Next time the government gets involved to help students, watch how the schools jigger their numbers to cash in.

[Anonymous]

Anonymous wrote:Like any business, the price charged is based on what they think the market can bear. When student loans became supported by government programs, the effect was a tuition hike. Next time the government gets involved to help students, watch how the schools jigger their numbers to cash in.

.

Student loans aren’t the reason. They’re a drop in the bucket compared to what college actually costs. Private loans can be blamed for filling in the gap. Parents can always say no to them. Students typically need parents to co-sign.

[Anonymous]

Anonymous wrote:Let’s face it. Everyone who pays for their (grand)child’s college education is complicit. Few of my friend’s had parental help and we graduated from Top 20 schools. We paid with summer jobs, small jobs during during the school year (8-10h/wk), scholarships, and student loans. My mom took out a $2k loan my first year, which I paid back within a couple years after starting work. Sure, I got a small care package every semester with some snacks but the rest was on me. I am proud in having paid my own way. Ditto many friends. We also paid for our own weddings and houses. Grown kids now don’t even pay for their own phones, some are still taking money from their parents.

If we really want to make college affordable, parents need to stop paying.

How about you let us make our own decisions about how to spend our own money.

[Anonymous]

Parents have always paid for school. Your kid can work. My 15 year old worked and got 18 an hour.

[Anonymous]

Anonymous wrote:What the heck? Your logic escapes me. How will that work exactly?

OP, I hate to break this to you, but many parents have always paid for their kids' college. When I went to college, only 25% of kids were getting financial aid---it's much higher now, because the cost of college has skyrocketed disproportionately to the rise in household income.

[Anonymous]

As everyone else has pointed out, OP is wrong here.
A smart family who can afford it pays for their kids’ education. Taking out loans and paying interest is just stupid. Plan ahead, save the money, pay for college. This is one key to building family wealth. Your kids are then expected to do the same for their kids. So no one gets a free lunch, everyone still works hard and pays, and the family doesn’t throw money away via interest.

[Anonymous]

OP is wrong but so are all the people blaming loans. Public university tuition used to be heavily subsidized with public dollars, and now it isn't. As a society we decided that everyone should go to college about the same time we decided that the government shouldn't pay for anything.

I attended a UC in the early 2000s. Loans were available, financial aid was available, my parents paid. Tuition (before FA) was $4k.

[Anonymous]

Anonymous wrote:OP is wrong but so are all the people blaming loans. Public university tuition used to be heavily subsidized with public dollars, and now it isn't. As a society we decided that everyone should go to college about the same time we decided that the government shouldn't pay for anything.

I attended a UC in the early 2000s. Loans were available, financial aid was available, my parents paid. Tuition (before FA) was $4k.

+1
At least for public schools this is a big piece of the issue. In VA we could fix some of this by better funding the most in demand schools and closing the small ones most kids don’t want to attend.

[Anonymous]

OP, I worked 20 hours a week all through high school and college. The federal minimum wage at the time was $3.35, so I made a grand total of $67 gross per week. If you think I paid for my own tuition and living expenses at a 4-year flagship on $67/week without loans and significant help from my parents, I’m not sure what to tell you.

[Anonymous]

Anonymous wrote:Let’s face it. Everyone who pays for their (grand)child’s college education is complicit. Few of my friend’s had parental help and we graduated from Top 20 schools. We paid with summer jobs, small jobs during during the school year (8-10h/wk), scholarships, and student loans. My mom took out a $2k loan my first year, which I paid back within a couple years after starting work. Sure, I got a small care package every semester with some snacks but the rest was on me. I am proud in having paid my own way. Ditto many friends. We also paid for our own weddings and houses. Grown kids now don’t even pay for their own phones, some are still taking money from their parents.

If we really want to make college affordable, parents need to stop paying.

This is a troll. Please don’t respond to
This person. This is intended to start intergenerational fighting. Don’t participate.

[Anonymous]

OP is a dimwit