How will families afford college and grad schools?

[Anonymous]

Anonymous wrote:We'll just cash flow it. It's not a huge expense for us. For a typical middle class family it will be hard. Maybe we will see more kids flowing back into regional publics and top privates going back to the land of the wealthy or really well qualified lower classes.

Top Privates will be finishing schools for the wealthy or upward mobility schools for the talented lower SES population. Not really a place for the typical middle class or UMC student.

So taking us back to how it was 30 years ago…..

[Anonymous]

Kid is going to community college. He will do his own taxes. He should get enough money back to pay for over half of the semester. Not touching the 529 or he would get the money.
Bitcoin did 6x in few years while my 529 did 2x in 14 years.
Borrowing against Bitcoin for year 3-4. Not sure about masters. We don't need him to be in school that long. Only if he wants to.
IT in EU would have been $15k a year with tuition, room, board, and all the fun.

[Anonymous]

Anonymous wrote:Well colleges and universities need students to survive. So if the cost becomes out of reach for more students, then those schools will either close or find a way to make it more affordable.

I am a Dem but I am actually okay with this because the increase in loan amounts has led directly to higher tuition costs. Schools consistently just move the cost of attendance to take advantage of loan availability -- it's like free money to them. And they don't spend the money on quality teaching or better educational opportunities -- they spend it on administrator salaries and non-educational amenities (dining halls, fitness centers, etc.). That's where the cost spiral is coming from.

I'd like to see more commuter colleges, more part time programs, more programs that feed directly into apprenticeships. Obama actually tried to push higher ed in this direction and he got criticized and it never got off the ground. But he was right. We don't need more people borrowing money to obtain degrees that don't lead to jobs and financial stability. That only benefits college presidents who want nicer homes and fancier vacations. We need a system that actually prepares people for jobs, and creates economic opportunity at all levels. That's not going to happen under the current system, which sucks.

Rolling back the blank check our student loan system has been writing to colleges is the first step. Now we need to incentivize more cost-effective, job-focused programs. We should look to Europe for this. When Dems are in power in again, we should be looking to create pilot programs for shorter, degree-granting institutions located near commuting hubs that could be free or almost free. This is the future.

And you need to start thinking more expansively about what college will look like for your kids, and whether they will truly be served by a classic, 4-yr program at a liberal arts college. Those will still be around and there will be ways to make them affordable, but you need to ask if it's truly right for your kids. It really does not serve everyone well.

Sounds like a DINO to me.

[Anonymous]

IMO private K-12 will take a hit. More people will have to save $ for college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:BBB is limiting loans for undergraduate and graduate schools. Private college tuition is probably going to be 100k by the time my kid(s) go to college.

You know there are other options beyond private college, right? Ever heard of in-state or community college? Live within your means.

Exactly. Community college was all we could afford. Did two years there, got a job as an executive assistant, and continued my college education at night using the company's generous tuition reimbursement program. Never took out a single loan. People are so damn entitled.

DCUM is singing this song now, but when presented with programs like MC2, will claim that it is for the poors and that the AP classes at their W are much better than those at one of the top rated community colleges in the nation.

You can’t have it both ways.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They won't, but the Rs either don't care or want it this way. Opportunity hoarding for the rich!

This. It’s a giant obstacle to upward mobility. Just the way they want it.

I think what you mean to say is, this is a giant obstacle to people like you, who want to borrow more than you could ever pay back. Darn it, aren't other people supposed to fund your kids' tuitions??

The Fox News misinformation is strong with this one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:BBB is limiting loans for undergraduate and graduate schools. Private college tuition is probably going to be 100k by the time my kid(s) go to college.

Go to state school or community college.

It's not rocket science here.

For most Americans, state schools are not within reach without financial aid.

[Anonymous]

So many schools now, ivys and public, have aid packages where if families make <150/200k get full tuition paid for and some pay for full tuition and room and board. College is attainable for low and high income. The donut family is where hurts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:BBB is limiting loans for undergraduate and graduate schools. Private college tuition is probably going to be 100k by the time my kid(s) go to college.

Go to state school or community college.

It's not rocket science here.

For most Americans, state schools are not within reach without financial aid.

Yes, so true.

[Anonymous]

I would like to see some new ideas.

here's mine:

An 15-month paid service program that is available to high school graduates and begins right after high school graduation. You complete a survey and you're matched to a service site.

A mash-up between peace corps, jesuit volunteer corps, and the military.

Expenses are covered, youre given a small stipend, but you're paid out at the end. About 40k. Maybe it's only a voucher for college tuition so your family doesnt take it? That money is sheltered from FAFSA/CSS calculations.

Kids would be better off with the experience, and working with kids from all doing things like cleaning up NC hurricane damage with Habitat. Learn how to tile or drywall. (habitat taught me how to tile!)

Maybe you could do 3, 5-month stints. See parts of America. Every 4th grader could have a 1-1 tutor for a few weeks boosting literacy skills. Work in a farm or seasonal restaurants or small businesses. Young adult could discern career interests. Feel better about America.

And that money plus these lower loans should cover a 4 year public school in total

[Anonymous]

Anonymous wrote:So many schools now, ivys and public, have aid packages where if families make <150/200k get full tuition paid for and some pay for full tuition and room and board. College is attainable for low and high income. The donut family is where hurts.

I think you have to take the T20 colleges out of the discussion. They serve a tiny portion of the population and donut families making 300k don't *have* to send their kids to Brown. It's a luxury good.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They won't, but the Rs either don't care or want it this way. Opportunity hoarding for the rich!

This. It’s a giant obstacle to upward mobility. Just the way they want it.

I think what you mean to say is, this is a giant obstacle to people like you, who want to borrow more than you could ever pay back. Darn it, aren't other people supposed to fund your kids' tuitions??

The Fox News misinformation is strong with this one.

Really? Can you actually refute what was said or your tired Fox News "comeback" all you have?

[Anonymous]

Anonymous wrote:I would like to see some new ideas.

here's mine:

An 15-month paid service program that is available to high school graduates and begins right after high school graduation. You complete a survey and you're matched to a service site.

A mash-up between peace corps, jesuit volunteer corps, and the military.

Expenses are covered, youre given a small stipend, but you're paid out at the end. About 40k. Maybe it's only a voucher for college tuition so your family doesnt take it? That money is sheltered from FAFSA/CSS calculations.

Kids would be better off with the experience, and working with kids from all doing things like cleaning up NC hurricane damage with Habitat. Learn how to tile or drywall. (habitat taught me how to tile!)

Maybe you could do 3, 5-month stints. See parts of America. Every 4th grader could have a 1-1 tutor for a few weeks boosting literacy skills. Work in a farm or seasonal restaurants or small businesses. Young adult could discern career interests. Feel better about America.

And that money plus these lower loans should cover a 4 year public school in total

I totally agree with this. I think it should be a year for year match, covering all costs at a student's own state school, including room board fees etc. Do American service work for four years, then get a voucher for a college education.

[Anonymous]

Anonymous wrote:Kid is going to community college. He will do his own taxes. He should get enough money back to pay for over half of the semester. Not touching the 529 or he would get the money.
Bitcoin did 6x in few years while my 529 did 2x in 14 years.
Borrowing against Bitcoin for year 3-4. Not sure about masters. We don't need him to be in school that long. Only if he wants to.
IT in EU would have been $15k a year with tuition, room, board, and all the fun.

Why can’t you help?

[Anonymous]

Anonymous wrote:

Anonymous wrote:So many schools now, ivys and public, have aid packages where if families make <150/200k get full tuition paid for and some pay for full tuition and room and board. College is attainable for low and high income. The donut family is where hurts.

I think you have to take the T20 colleges out of the discussion. They serve a tiny portion of the population and donut families making 300k don't *have* to send their kids to Brown. It's a luxury good.

300k can afford brown.