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College and University Discussion
Reply to "Just calculated projected college costs for my kid and almost vomited"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Two points: 1. [b]College tuition soared because the federal government made loans easy to get.[/b] The $$ was virtually unlimited, and the colleges found ways to spend it. Now, there’s a whole generation of students who regret their choices, but it’s hard to put that genie (plus all his overpaid college admin friends) back in the bottle. 2. Countries that have free universities have lower college attendance rates than the US, and generally select for college potential at a much younger age than the US. I’m sure this wouldn’t affect any of your special children, but limiting the # of kids that can go to college hurts the upwardly mobile. Oh, and one more — government-funded college is a huge giveaway to the UMC/rich. It’s an incredibly regressive government program. [/quote] Actually, college tuition soared because states drastically cut funding for higher education. Check out the interactive bar graphs here: https://www.cbpp.org/research/state-budget-and-tax/state-higher-education-funding-cuts-have-pushed-costs-to-students As an example, from 2008-2018 Louisiana cut funding per student by more than 54%, and tuition rose 106% in the same time frame. The talking point that "government got involved, and costs went up" is being perpetuated by the very same people who pushed for the funding cuts that actually drove increases in tuition.[/quote] [b]Then why did tuition at my private law school soar over the same time period?[/b] Was that also the state cutting support? No. It was the school taking advantage of how much their students could and would borrow. [/quote] Because the students take out federal loans just like the undergrads do . . . and many default because they can't get a job after graduating.https://abovethelaw.com/2019/11/law-school-student-loan-default-rates/ [/quote]
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