what is worse is the loans available for an education that little chance of a job. These parasites will loan money at huge rates, they take advantage of families. Catherine Reynolds and EduCap are good example of a loan shark taking advantage of students. EduCap offers private loans with variable effective rates as high as 18 percent. Pappas said most students, though, pay interest of 10 to 11 percent. They bought school officials by sending them to florida conferences. A financial aid official from the 2005 conference, Tony Sutphin of Virginia Tech, added EduCap to the school's list of recommended private lenders after the company paid for him to attend. (Sutphin declined to comment, and Pappas said EduCap has no formal business relationship with the school.) Among those who have been sued are Cohen's clients Brett and Jennifer Rinehart, of Manchester, Connecticut. EduCap Inc., a major lender and loan administrator, took them to court in August on behalf of HSBC Bank, saying they owe nearly $59,000 on a student loan taken out by Jennifer, a teacher who earned a master's in education. |
this is why rich american girls are considered to be silly easy sluts in the rest of the world. they'll fuck a dirty scouser scrote in some shitty magaluf club and think its high class |
This talk of "pleb tier" and "patrician schools" amuses me. There are no more "patrician schools. " Virtually all colleges are now "pleb tier" The Ivy League died in the 60s. The Ivys are now all ultra-Leftist diverse dumps, and lovers of everything that has destroyed Western civilization( Feminism, the LGBT perversion, and all other forms of Cultural Marxism) Just because someone can get whatever job they want after they graduate from the Ivys doesn't make them "petrician schools." A true "petrician school" would be all-male, and would only educate the aristocracy/elite. Harvard, Yale, Oxford, Cambridge, Williams, Amherst, Hamilton, Trinity, Hampden-Sydney, W&L, and Davidson all used to be petrician colleges. Then the 60s came, and all of them embraced Cultural Marxism. |
"Petrician" (sic) LOL Not sure you understand what being "patrician" is all about. Plenty are liberal, including FDR, the ultimate patrician, who gave us Social Security and Medicare. I'm so glad my kid is at an Ivy learning about tolerance and hard work. For the record, she has 3 Declaration signers in the family, and there are public spaces with her ancestors' (great-great-great grandparents') names on them. And you, Ms. Spokesperson for patricians everywhere? |
Should add that DD's Ivy does educate predominantly the elite, which is your definition of "patrician". Political leaning has nothing to do with it. DD's university has plenty of kids with cars, designer clothes, and famous parents alongside the scholarship students who take fabulous internships abroad underwritten by their parents. That's how it works: colleges accept rich kids who subsidize the scholarship kids. Not that I have a problem with it, except the middle class really is getting squeezed out, which is why you're seeing some parents complain here. |
Gaah, mixed up a cut and paste to my own post. It's the rich kids who are taking parent-underwritten "internships" abroad, not the scholarship kids. |
PaleoCon here Disagree. There are varying definitions of the word "patrician", but when I think patrician, I think aristocrat. Sure, some kids at Ivys have lots of money, nice cars, and are generally able to do what they want after college. That doesn't make them aristocrats. That makes them extremely wealthy (often entitled) people. If everyone with money is an "aristocrat", then the term is meaningless. The Kardashians are quite a bit wealthier than me, but I'd fit the mold of a classical aristocrat way more than any of them. Having money is part of it, but there are certain characteristics and values that a true aristocrat has. If you want to know what a true "Aristocrat" is, start reading the works of Joseph de Maistre, Julius Evola, and King James I.( all REAL aristocrats, unlike FDR) https://www.amazon.com/Revolt-Against-Modern-World-Julius/dp/089281506X R |
The preferred lender scam was axed as part of the financial aid reform in 2007 or thereabouts. The College Board, for example, was forced to divest itself of their private loan group. (The rest of the issues with the CEEB are another topic for another time.) The net price calculators are required by the Feds. Cuomo did a fair amount of work trying to clean up the industry but it's still a dumpster fire -- just a smaller one. Unfortunately a lot of students are still saddled with those pre-reform loans. So while higher ed costs are out of control, the entire tuition model is part of the problem and there are far too many tuition driven institutions literally teetering on the edge of financial solvency on a regular basis. If your kid is applying to a Randolph College or Sweet Briar, absolutely think twice before moving forward because those situations are where the students get screwed the absolute hardest. I mean, after the unaccredited for profits anyhow. |
Then don't pay for it. Problem solved, you uppity asshole! |
Then don't pay. Judging by your attitude as you've expressed it here, your kid would be better off without your particular brand of support. |
It may not sound appealing to the kid. But this is the best way to go at this stage. And will likely produce much better results. |