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Reply to "student loans...what will happen when payments start"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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] Community college -> UMD, VT, UVa or W&M opens the same doors. If your child is capable of getting into one of those as a freshman but only can’t afford it, they’d ace CC.[/quote] So they only have to subsidized the gyms/snack bars/bands... for two year (probably 3 given the difficulty of getting transfer credits that perfectly align with major requirements). CC to UVA/VT is a great way to get into a flagship, but it's not necessarily saving much money of you end up having to spend an extra year in school. [/quote] You don’t spend an extra year in school. You actually spend way less. Many of these insanely qualified kids (like mine) are graduating high school essentially as a mid year sophomore in college. If my son were to transfer to NVCC he would need one very very very light year in CC to transfer guest teed admissions to any school in Virginia. Though my son has some acceptances in and we are navigating the merit/scholarship portion now, NVCC to UVA is not off the table because he’s a “young” high school graduate (turns 18 in June) and would only have to take 18 credits at NVCC next year to get his required associates. This is all thanks to his heavy load of APs and DEs for which he has so far earned As and/or 5s on his exams. HOWEVER the mindset here is F*caked and CC seen as inferior. Just as a PP said with her works of “caution” of the rigors of CC. Give me a god damn break. Nobody is getting an amazing rigorous experience in gen Ed’s at a gigantic university with 200 other class mates in a lecture hall. [/quote] I might be the PP you are referring to. I’m sure NVCC is great! The CC in my hometown was not so much and the stats class I took there one summer did not prepare me for the upper level stars class I took at my university. Just one example. I heard similar stories from my peers too. A bunch of my sisters credits didnt transfer when she moved to the state university even though she had been assured they would. Just saying do your research and it sounds like you did so you’re all good.[/quote]
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