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College and University Discussion
Reply to "2022 US News Best National Universities"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]the costs of college can't keep rising unless somebody pays. That's usually government loans or bank loans. Obviously these lenders think the price of a college tuition is worth it or they wouldn't keep lending. [/quote] Burying head in the sand and saying the building has not completely collapsed yet (even while foundations are crumbling) is not a great strategy … Large numbers of people are not able able to pay off college debts/ interest and many still have college debts into their senior years. Many young people are deferring getting married and having children because they have to pay off their college debts - and that is if they finish and get decent jobs. It is connected to the college reputation arms race and they are not separate issues. [/quote] +1 The student loan debt crisis affects over 43 million Americans. Debt levels have prompted legislative action for the first time in the federal student loan program’s history. Americans owe a total of $1.71 trillion in federal and private student loan debt combined. Federal student loan debt alone totals $1.57 trillion. 15% of all American adults report they have outstanding undergraduate student debt. 12.4% of student loan debt in repayment is delinquent as of March 2020. 42.9 million federal borrowers and up to 3 million private borrowers owe student loan debt. Over the past 20 years, •The average tuition and fees at private National Universities have jumped 144%. •Out-of-state tuition and fees at public National Universities have risen 165%. •In-state tuition and fees at public National Universities have grown the most, increasing 212%. *** State spending on public colleges and universities remains well below historic levels, despite recent increase. ***On the other hand, marketing departments at US colleges spend an average of $1,037,651 on marketing expenses, nearly half of which is dedicated towards media expenditures. https://www.theatlantic.com/education/archive/2018/09/why-is-college-so-expensive-in-america/569884/ All told, including the contributions of individual families and the government (in the form of student loans, grants, and other assistance), Americans spend about $30,000 per student a year—nearly twice as much as the average developed country. “The U.S. is in a class of its own,” says Andreas Schleicher, the director for education and skills at the OECD, and he does not mean this as a compliment. “Spending per student is exorbitant, and it has virtually no relationship to the value that students could possibly get in exchange.”[/quote]
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