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Reply to "student loans...what will happen when payments start"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As someone with a rising senior and just finished the frantic, competitive and absolutely bananas 2023 admissions process I see no point of any sort of bail out until the system is fixed. We bail people out now when all we have is wave after wave of people taking out huge loans? What’s the point? I’m UMC and I constantly hear people talking about how their kids will need to share in the cost. I see people on here who say the same thing. This is not just a lower income issue for families, but MC and UMC people have kids who are and will be saddled with crushing debt. There is very little opportunities for state schools and people turn their nose up at the ones that are not top in state public rankings. As a Virginia resident I’m astounded by how many rejections JMU has sent out for incredibly qualified candidates. Very few families are full pay. We’ve done many college tours and these schools are all building amazing buildings that are architectural beauties, incredible dorms (some with roof top Vegas style party pools), resort like amenities. As a German who immigrated here decades ago and who has nieces and nephews back in Germany I can tell you that the American college experience is a flamboyant display of institutional wealth. If people were so worried about crippling debt then why are so many still lining up to take so much on? We need a more robust community college system and we need a massive national mindset shift of how this entire admission process is viewed. You can’t have it all. And before you start screeching about Germany, not everyone in Germany has a god given right to nearly free college. Spaces are limited. Areas of study are narrow. Your chances of going to college is largely determined in high school based on test scores and academic tracking. [/quote] Preach. The gyms open for 18 hours a day, snack bars open until 2 am, bands coming to campus, etc. etc. Students are underwriting their own experiences and many of the things they are paying for are probably not benefitting them from a purely educational standpoint. Our admissions system is totally broken and our college systems are totally broken. I wouldn't count on it changing soon though. When I was applying to college in 2005 it seemed bananas and 18 years later it has only gotten worse. [/quote] Where can a student get a comparable degree that opens comparable doors for both employment and grad school without those bells and whistles? I think most cost conscious families would be all over it, it just doesn't exist. [/quote]
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