minnesotapaintlady
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Post by minnesotapaintlady on Sept 2, 2022 14:05:40 GMT -5
The party of no strikes again. You seem to think there is a problem with college costs, yet every solution is unacceptable to you. Talent can be found at all socioeconomic levels. Not supporting that talent, and keeping schools unaffordable will let it rot. You seem to believe “I got mine”, screw you, and pull the ladder up behind you. Your attitude is one reason why income inequality is worsening. I can pay the tuition for my children, so they will be fine. You seem to not care about others. Given your attitude, you should support making all your state schools private, and getting government out of the education business. Then they can give you a nice, fat tax cut What every solution? The only one I seen was taxes. Why don't we address why college tuition out paces inflation. Why in the past 40 years it rose (I seen varying numbers) between 160-180%. What is being done about that. I didn't pay for all my children education they had to take out loans and pay them back. You are correct I think the govt should get out of the education business they just keep f-ing things us anyway How old are your kids? That's literally not possible anymore (unless maybe you are fortunate enough to live close enough to a college to commute). A freshman can only borrow $5500 on their own. That will just pay for community college and not even that everywhere.
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pulmonarymd
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Post by pulmonarymd on Sept 2, 2022 14:12:17 GMT -5
The party of no strikes again. You seem to think there is a problem with college costs, yet every solution is unacceptable to you. Talent can be found at all socioeconomic levels. Not supporting that talent, and keeping schools unaffordable will let it rot. You seem to believe “I got mine”, screw you, and pull the ladder up behind you. Your attitude is one reason why income inequality is worsening. I can pay the tuition for my children, so they will be fine. You seem to not care about others. Given your attitude, you should support making all your state schools private, and getting government out of the education business. Then they can give you a nice, fat tax cut What every solution? The only one I seen was taxes. Why don't we address why college tuition out paces inflation. Why in the past 40 years it rose (I seen varying numbers) between 160-180%. What is being done about that. I didn't pay for all my children education they had to take out loans and pay them back. You are correct I think the govt should get out of the education business they just keep f-ing things us anyway Government can only control public school tuition. Government support of those schools is much lower than it was in the past. Can you not see the correlation, or is that too difficult for you? You solution will make college inaccessible to many. But they are undeserving, so why should you care. You offer no solution except to shoot down any ideas. It is all conservatives have left
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scgal
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Post by scgal on Sept 2, 2022 14:20:53 GMT -5
What every solution? The only one I seen was taxes. Why don't we address why college tuition out paces inflation. Why in the past 40 years it rose (I seen varying numbers) between 160-180%. What is being done about that. I didn't pay for all my children education they had to take out loans and pay them back. You are correct I think the govt should get out of the education business they just keep f-ing things us anyway How old are your kids? That's literally not possible anymore (unless maybe you are fortunate enough to live close enough to a college to commute). A freshman can only borrow $5500 on their own. That will just pay for community college and not even that everywhere. My eldest has been out of college 11 yrs graduated with I think 68000 in debt I helped pay 20k on top plus there were some scholarships. She had that paid off 2 years ago. Youngest out of college 7 years around 35k in debt again I paid 20 k ontop there were no scholarships she said she just finished paying them this past spring. She is now enrolled again for some post grad courses don't know exactly what. The youngest also just bout a house last year but she is married with 2 kids. It can be done. We are also in a position to provide 20k to each of our grandchildren but that is all they get the same as their parents
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scgal
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Post by scgal on Sept 2, 2022 14:23:52 GMT -5
What every solution? The only one I seen was taxes. Why don't we address why college tuition out paces inflation. Why in the past 40 years it rose (I seen varying numbers) between 160-180%. What is being done about that. I didn't pay for all my children education they had to take out loans and pay them back. You are correct I think the govt should get out of the education business they just keep f-ing things us anyway Government can only control public school tuition. Government support of those schools is much lower than it was in the past. Can you not see the correlation, or is that too difficult for you? You solution will make college inaccessible to many. But they are undeserving, so why should you care. You offer no solution except to shoot down any ideas. It is all conservatives have left Is it impossible for you to be civil or were you just born to be condescending and snide? You cannot expect anyone to believe that the high cost of tuition is soley to blame because of govt cutbacks. I'm asking you for solutions other than raising taxes you don't seem to be offering any other than snide remarks
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minnesotapaintlady
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Post by minnesotapaintlady on Sept 2, 2022 14:24:28 GMT -5
How old are your kids? That's literally not possible anymore (unless maybe you are fortunate enough to live close enough to a college to commute). A freshman can only borrow $5500 on their own. That will just pay for community college and not even that everywhere. My eldest has been out of college 11 yrs graduated with I think 68000 in debt I helped pay 20k on top plus there were some scholarships. She had that paid off 2 years ago. Youngest out of college 7 years around 35k in debt again I paid 20 k ontop there were no scholarships she said she just finished paying them this past spring. She is now enrolled again for some post grad courses don't know exactly what. The youngest also just bout a house last year but she is married with 2 kids. It can be done. We are also in a position to provide 20k to each of our grandchildren but that is all they get the same as their parents So you must have cosigned for that 68K. That's more than double the allowed amount of federal undergrad debt.
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scgal
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Post by scgal on Sept 2, 2022 14:29:08 GMT -5
My eldest has been out of college 11 yrs graduated with I think 68000 in debt I helped pay 20k on top plus there were some scholarships. She had that paid off 2 years ago. Youngest out of college 7 years around 35k in debt again I paid 20 k ontop there were no scholarships she said she just finished paying them this past spring. She is now enrolled again for some post grad courses don't know exactly what. The youngest also just bout a house last year but she is married with 2 kids. It can be done. We are also in a position to provide 20k to each of our grandchildren but that is all they get the same as their parents So you must have cosigned for that 68K. That's more than double the allowed amount of federal undergrad debt. yes..my husband handles most of the paperwork. I just know we did pay for the 20k for tuition over the 4 years, made our children responsible for the rest. We never paid another dime.
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jerseygirl
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Post by jerseygirl on Sept 2, 2022 14:48:49 GMT -5
So your premise is republicans opposition to taxes is the bete noir of increasing state and private tuitions? How do the very democratic states, eg, NY and California tuition at state and private colleges compare to republican state and private colleges?? Similar?? Lower? Higher than rates of inflation?? My unease about the recent student loan forgiveness and changes for future is that there is no attempt to address the underlying cause of rapidly increasing college costs and need for continuing loans But your premise seems to be republicans dislike of taxes is the rationale for increased costs, not the easy availability of loans stimulating rising costs It is a complicated problem. The easy availability of loans allows private schools to raise their tuition with impunity. If states supported their schools the way the did in the past, the need for these loans would be lessened, and would put pressure on private schools. By not keeping tuition down, they have contributed to the problem. Are you seriously suggesting that anti tax republicans and the resultant policies plays no role in this problem? Private schools can do what they wish. Do you think their tuition would be as high if they had to compete will low or no cost schools? Are you seriously suggesting pro tax democrats and the resultant policies are playing a POSITIVE role in this problem??
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TheOtherMe
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Post by TheOtherMe on Sept 2, 2022 15:02:43 GMT -5
State governments lowering funding to both universities and public schools for K-12 is not helping the situation at all.
Cuts must be made or tuition must be raised to cover costs. That's how it works.
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scgal
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Post by scgal on Sept 2, 2022 15:29:40 GMT -5
It is a complicated problem. The easy availability of loans allows private schools to raise their tuition with impunity. If states supported their schools the way the did in the past, the need for these loans would be lessened, and would put pressure on private schools. By not keeping tuition down, they have contributed to the problem. Are you seriously suggesting that anti tax republicans and the resultant policies plays no role in this problem? Private schools can do what they wish. Do you think their tuition would be as high if they had to compete will low or no cost schools? Are you seriously suggesting pro tax democrats and the resultant policies are playing a POSITIVE role in this problem?? Nope....What I'm saying the high cost of college education cannot be blamed mainly on budget cuts. That is just a easy talking point.
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scgal
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Post by scgal on Sept 2, 2022 15:38:15 GMT -5
State governments lowering funding to both universities and public schools for K-12 is not helping the situation at all. Cuts must be made or tuition must be raised to cover costs. That's how it works. Well there you go COSTS why isn't anyone talking about the actual cost not just well they didn't get enough subsidy. Did the cost of running the university outpace inflation? What is the breakdown to increasing cost and budget cuts? Take public schools for example the homeowner is almost completely powerless to the raise in taxes because of the school budget. Colleges are almost the same way they can charge whatever they want you either pay or move on, and with the govt backing the money who cares young kids will borrow borrow borrow until its time to pay the piper. Its a legal scam. I have a degree my daughter finshing her 2nd my husband has 2 degrees so yes we went to school but it shouldn't have costs what it does.
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pulmonarymd
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Post by pulmonarymd on Sept 2, 2022 15:49:29 GMT -5
Government can only control public school tuition. Government support of those schools is much lower than it was in the past. Can you not see the correlation, or is that too difficult for you? You solution will make college inaccessible to many. But they are undeserving, so why should you care. You offer no solution except to shoot down any ideas. It is all conservatives have left Is it impossible for you to be civil or were you just born to be condescending and snide? You cannot expect anyone to believe that the high cost of tuition is soley to blame because of govt cutbacks. I'm asking you for solutions other than raising taxes you don't seem to be offering any other than snide remarks Is it possible for you th accept that your ideas are simplistic. You continue to offer no solutions. Yes, the level of support the state gives to colleges decreasing led to significant tuition costs. How could it not? The math is simple. The problem you refuse to accept is that the lower and middle class are hurt by this, not people like me. I did not need to take out loans for my children. I had more than enough of my own. The way you and others like you talk makes me realize that you would have told me it was my fault I could not afford medical school if I was a student now. Too bad, so sad. Not my problem. Minimum wage was about $3.25/ hour when I was a student. Tuition was $4200/year. Minimum wage is about 3 times that. Tuition at my alma mater is about 15 times what it was. Minimum wage has not kept pace with general inflation, let alone tuition. As DJ points out, if minimum wage did keep up, it would be around$20/hour. If it did, students now, like I did then, could cover their living expenses working during the summer and a part time job during the school year. But you ignore those economic realities. I am capable of being civil when the person who I am discussing things with can adjust their opinions based on facts. Unfortunately, you seem to be incapable of that.
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pulmonarymd
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Post by pulmonarymd on Sept 2, 2022 15:50:40 GMT -5
Are you seriously suggesting pro tax democrats and the resultant policies are playing a POSITIVE role in this problem?? Nope....What I'm saying the high cost of college education cannot be blamed mainly on budget cuts. That is just a easy talking point. Clearly you failed basic math. Decrease the subsidies and the money needs to come from somewhere. Unless you believe it will appear magically
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pulmonarymd
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Post by pulmonarymd on Sept 2, 2022 15:53:31 GMT -5
It is a complicated problem. The easy availability of loans allows private schools to raise their tuition with impunity. If states supported their schools the way the did in the past, the need for these loans would be lessened, and would put pressure on private schools. By not keeping tuition down, they have contributed to the problem. Are you seriously suggesting that anti tax republicans and the resultant policies plays no role in this problem? Private schools can do what they wish. Do you think their tuition would be as high if they had to compete will low or no cost schools? Are you seriously suggesting pro tax democrats and the resultant policies are playing a POSITIVE role in this problem?? I think they are not exacerbating the problem. On another thread, you talked about the debt burden put on medical students and the like. You admit their is a problem. You fail to offer any solutions. Would you be ok with paying higher taxes if we could improve that situation? If not, what do you propose be done. You sure rail against the taxes in NJ. So what is you solution. The money needs to come from somewhere.
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jerseygirl
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Post by jerseygirl on Sept 2, 2022 15:59:39 GMT -5
Are you seriously suggesting pro tax democrats and the resultant policies are playing a POSITIVE role in this problem?? I think they are not exacerbating the problem. On another thread, you talked about the debt burden put on medical students and the like. You admit their is a problem. You fail to offer any solutions. Would you be ok with paying higher taxes if we could improve that situation? If not, what do you propose be done. You sure rail against the taxes in NJ. So what is you solution. The money needs to come from somewhere. I fail about taxes because of corruption and incompetence in NJ What is YOUR solution?
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teen persuasion
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Post by teen persuasion on Sept 2, 2022 16:44:18 GMT -5
State governments lowering funding to both universities and public schools for K-12 is not helping the situation at all. Cuts must be made or tuition must be raised to cover costs. That's how it works. Well there you go COSTS why isn't anyone talking about the actual cost not just well they didn't get enough subsidy. Did the cost of running the university outpace inflation? What is the breakdown to increasing cost and budget cuts? Take public schools for example the homeowner is almost completely powerless to the raise in taxes because of the school budget. Colleges are almost the same way they can charge whatever they want you either pay or move on, and with the govt backing the money who cares young kids will borrow borrow borrow until its time to pay the piper. Its a legal scam. I have a degree my daughter finshing her 2nd my husband has 2 degrees so yes we went to school but it shouldn't have costs what it does. Well, in liberal NY there is a tax cap on increases in school and property taxes at all levels (even hits my library's budget). Cannot increase more than 2% or inflation (as set by NYS) whichever is LESS. The increase in college costs is because we've treated higher education as a good for sale following rules of capitalism. But more citizens now *need* a degree to compete for better jobs (as the non-degree jobs both disappear and increasingly *require* a degree to be considered for them). So there's increased DEMAND for college education admissions. Increased demand drives the price up. Colleges want to be chosen, so to compete against one another, they try to offer enticing amenities, which again drives up cost. Then there's the perverse acceptance rate situation - the more selective a college appears, the more desirable it is to prospective students. But the lower the acceptance rates go, the more schools a student needs to apply to, to be assured of at least one spot (and also for financial aid leverage if you can garner more than one). As each student applies to more schools, the number of applications far exceeds slots, and acceptance rates plummet again - I mean, schools seem even *more* selective. And round and round we go. And then there's the financial aid game. Knowing some students will need help because of low income, aid is a good thing. But as costs increased, more students fell in the "needs help" category, but aid isn't keeping up with the TOTAL need, so who gets aid is more scrutinized, and aid is lacking for those who do get it. The approval process gets more and more convoluted (to avoid the undeserving getting any) and actual aid is spread thinner, and thinner. Is it any wonder that loans were the stop gap? And when you hit the wall on aid, loans are basically your only choice. The federal loans are limited, so private loans increasing fill the growing gap. And the kids going to college NOW don't have their parents' generation's experience to see how out of whack the cost of college is now - this is the only college price they've ever known - and HS counsellors push college almost exclusively. To current HS kids, going on to college is the expected norm, not a choice.
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scgal
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Post by scgal on Sept 2, 2022 17:00:17 GMT -5
Well there you go COSTS why isn't anyone talking about the actual cost not just well they didn't get enough subsidy. Did the cost of running the university outpace inflation? What is the breakdown to increasing cost and budget cuts? Take public schools for example the homeowner is almost completely powerless to the raise in taxes because of the school budget. Colleges are almost the same way they can charge whatever they want you either pay or move on, and with the govt backing the money who cares young kids will borrow borrow borrow until its time to pay the piper. Its a legal scam. I have a degree my daughter finshing her 2nd my husband has 2 degrees so yes we went to school but it shouldn't have costs what it does. Well, in liberal NY there is a tax cap on increases in school and property taxes at all levels (even hits my library's budget). Cannot increase more than 2% or inflation (as set by NYS) whichever is LESS. The increase in college costs is because we've treated higher education as a good for sale following rules of capitalism. But more citizens now *need* a degree to compete for better jobs (as the non-degree jobs both disappear and increasingly *require* a degree to be considered for them). So there's increased DEMAND for college education admissions. Increased demand drives the price up. Colleges want to be chosen, so to compete against one another, they try to offer enticing amenities, which again drives up cost. Then there's the perverse acceptance rate situation - the more selective a college appears, the more desirable it is to prospective students. But the lower the acceptance rates go, the more schools a student needs to apply to, to be assured of at least one spot (and also for financial aid leverage if you can garner more than one). As each student applies to more schools, the number of applications far exceeds slots, and acceptance rates plummet again - I mean, schools seem even *more* selective. And round and round we go. And then there's the financial aid game. Knowing some students will need help because of low income, aid is a good thing. But as costs increased, more students fell in the "needs help" category, but aid isn't keeping up with the TOTAL need, so who gets aid is more scrutinized, and aid is lacking for those who do get it. The approval process gets more and more convoluted (to avoid the undeserving getting any) and actual aid is spread thinner, and thinner. Is it any wonder that loans were the stop gap? And when you hit the wall on aid, loans are basically your only choice. The federal loans are limited, so private loans increasing fill the growing gap. And the kids going to college NOW don't have their parents' generation's experience to see how out of whack the cost of college is now - this is the only college price they've ever known - and HS counsellors push college almost exclusively. To current HS kids, going on to college is the expected norm, not a choice. Well written, thank you. From the acceptance rate, to choice amenities, to blaming financial aid to lower income is all under the colleges perview. They can control all of that but why should they
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pulmonarymd
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Post by pulmonarymd on Sept 2, 2022 20:14:47 GMT -5
I think they are not exacerbating the problem. On another thread, you talked about the debt burden put on medical students and the like. You admit their is a problem. You fail to offer any solutions. Would you be ok with paying higher taxes if we could improve that situation? If not, what do you propose be done. You sure rail against the taxes in NJ. So what is you solution. The money needs to come from somewhere. I fail about taxes because of corruption and incompetence in NJ What is YOUR solution? I have already said it multiple times. I guess you fail at reading comprehension as you accused me of doing. Fund public education at the levels it was before. This will decrease tuition and allow for students to graduate in 4 years instead of 5 years plus Interest rates on loans should be 0% Loan foregiveness should be easier yo do, and they should be more easily discharged in bankruptcy Schools should have to use a minimum percentage of their endowments for financial aide, and that side should be in the forms of grants instead of loans Credential creep needs to stop. Most recently, physical therapy now requires a 6 year doctorate degree. That should be optional, not required in most instances Your turn. What would you do to try to fix this? Or would you rather throw up your hands and say we cannot do anything. I am willing to stick my neck out and be criticized. Republicans and conservatives like yo complain but no longer offer any solutions
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jerseygirl
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Post by jerseygirl on Sept 2, 2022 20:42:38 GMT -5
You continue to misunderstand I agree with what you propose But instead the administration gives this very stupid manipulation of forgiveness then restructuring the future loans - stabilizing and reinforcing the status quo and possibly making it worse That’s my concern
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teen persuasion
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Post by teen persuasion on Sept 2, 2022 20:48:04 GMT -5
Well, in liberal NY there is a tax cap on increases in school and property taxes at all levels (even hits my library's budget). Cannot increase more than 2% or inflation (as set by NYS) whichever is LESS. The increase in college costs is because we've treated higher education as a good for sale following rules of capitalism. But more citizens now *need* a degree to compete for better jobs (as the non-degree jobs both disappear and increasingly *require* a degree to be considered for them). So there's increased DEMAND for college education admissions. Increased demand drives the price up. Colleges want to be chosen, so to compete against one another, they try to offer enticing amenities, which again drives up cost. Then there's the perverse acceptance rate situation - the more selective a college appears, the more desirable it is to prospective students. But the lower the acceptance rates go, the more schools a student needs to apply to, to be assured of at least one spot (and also for financial aid leverage if you can garner more than one). As each student applies to more schools, the number of applications far exceeds slots, and acceptance rates plummet again - I mean, schools seem even *more* selective. And round and round we go. And then there's the financial aid game. Knowing some students will need help because of low income, aid is a good thing. But as costs increased, more students fell in the "needs help" category, but aid isn't keeping up with the TOTAL need, so who gets aid is more scrutinized, and aid is lacking for those who do get it. The approval process gets more and more convoluted (to avoid the undeserving getting any) and actual aid is spread thinner, and thinner. Is it any wonder that loans were the stop gap? And when you hit the wall on aid, loans are basically your only choice. The federal loans are limited, so private loans increasing fill the growing gap. And the kids going to college NOW don't have their parents' generation's experience to see how out of whack the cost of college is now - this is the only college price they've ever known - and HS counsellors push college almost exclusively. To current HS kids, going on to college is the expected norm, not a choice. Well written, thank you. From the acceptance rate, to choice amenities, to blaming financial aid to lower income is all under the colleges perview. They can control all of that but why should they Then perhaps a capitalistic stance is not the best paradigm for funding higher education in America! For the common good, perhaps a college education should be communally funded, just like k-12 education, since our modern society has deemed higher education essential, not optional, currently.
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pulmonarymd
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Post by pulmonarymd on Sept 2, 2022 20:57:31 GMT -5
You continue to misunderstand I agree with what you propose But instead the administration gives this very stupid manipulation of forgiveness then restructuring the future loans - stabilizing and reinforcing the status quo and possibly making it worse That’s my concern So the republicans have a plan to do what I said. They were the ones who doubled the interest rate. What I proposed requires congress to act, and unless republicans agree, it will be filibustered. Biden did what he could do, however misguided you might think it is. Something is better than nothing. We need both parties to work on legislation, but it has been a long time since that happened Instead, I get to see a stupid commercial calling this a rich persons bailout by working class people while I am trying to enjoy the ball game. Given the income requirements, and the fafsa, it isn’t me or my kids getting help, but the kids of these same people.
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TheOtherMe
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Post by TheOtherMe on Sept 2, 2022 21:09:20 GMT -5
Biden did what he can do without the help of Congress. Even now, some GQP members of Congress are saying he exceeded his authority.
The other needed changes have to come from Congress and the GQP won't vote for them.
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teen persuasion
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Post by teen persuasion on Sept 2, 2022 21:37:13 GMT -5
I can't make heads or tails of how the loan forgiveness is a rich person's bailout. It's expected that 90% of the forgiveness will go to people making less than $75k. And 60% of the borrower population are PELL grant recipients, nearly all of whom have incomes under $60k. White House Fact SheetDH and I paid off our loans. DH paid off most of his grad loans (went back to school later), some were forgiven for teaching in low income districts for 8 years. DD1 paid off her loans; her DH is using his GI bill for college ATM. DS2 got a chunk paid off for doing a year of Americorp (pay is so low they sign you up for Medicaid and food stamps, and put your loans in deferment), had been paying before the loan pause, and should have the balance forgiven with this plan. DD3 and DS4 should likely get 2/3 or so of their loans forgiven, they are more recently out of college. Not sure if DD3's DH has loans, but likely does, too.
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Post by The Walk of the Penguin Mich on Sept 3, 2022 0:18:23 GMT -5
Are you seriously suggesting pro tax democrats and the resultant policies are playing a POSITIVE role in this problem?? Nope....What I'm saying the high cost of college education cannot be blamed mainly on budget cuts. That is just a easy talking point. You might want to do some googling as to how much state governments have cut their contribution to secondary education before you dig yourself in any deeper. Last stats I read, Arizona state is contributing 50% of what it contributed in 2008. Other states are as bad…..or worse. Do you live on 50% of your income you received in 2008? I doubt it.
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Ava
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Post by Ava on Sept 3, 2022 10:14:58 GMT -5
Some of you have said perfectly what I'm trying to say. World has changed. A terciary education is becoming more and more of a need. Nations that do not invest in education fall way, way behind. How is that different than funding public education through high school? Why not fund public institutions so we don't end up with massive debt? And the massive debt affects only working class and middle class students. How there they dream of becoming professionals, get jobs such as doctors or engineers?
Now the students bear the burden of the cost, and the way the loans are structured, it means it's almost impossible to pay them down.
Before the pause, I was paying $350 a month just to avoid interest from accruing. I paid that amount for years, and my balance remains the same. If I had been paying what my IBR indicated, my debt would be over $100k right now. I cannot afford to pay more, and I guess once the pause ends, with no significant changes to the system, I go back to the same situation as before. Well, it was good to get a break from that for a while. How dare I dream of being an accountant instead of continuing as a cashier at a cafeteria for the rest of my working life? Obviously, I need to be financially punished for that.
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minnesotapaintlady
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Post by minnesotapaintlady on Sept 3, 2022 13:52:58 GMT -5
It's kind of a mixed bag. State funding is going down or staying the same despite inflation, but costs shot up a lot in the 80's and 90's too. I've been researching a lot of the schools in the Midwest and tuition has stayed very steady the past 10-15 years. However, FEES and room and board have gone up a lot, so even though tuition is flat they're getting it elsewhere. Not Midwest, but found this graphic about UT-Austin and thought it was interesting. If costs had gone up with regular inflation it would be more like 1.3 billion in 2018, not almost 3 billion.
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jerseygirl
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Post by jerseygirl on Sept 3, 2022 14:18:10 GMT -5
Very interesting ‘cow’’ chart ! So not just decreased input from state and increased input from tuition but huge increased budget - causing more student loans Would like to see what costs increased Administrative? New infrastructure- new cafeterias etc? Spots?
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TheOtherMe
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Post by TheOtherMe on Sept 3, 2022 17:37:18 GMT -5
At Texas, athletics is it's own department and doesn't receive or need state funding. Texas athletics have their own television network. Only college I know of that does that.
That's how athletics work at Colorado, too, but we can't pay our way and have to borrow from the Pac-12 or the Foundation, with interest. CU can't cut any sports and remain in Division I.
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haapai
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Joined: Dec 20, 2010 20:40:06 GMT -5
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Post by haapai on Sept 4, 2022 18:00:48 GMT -5
There's an interesting (paywalled) article in the in the NYT that's worth reading if you can get to it.
I found these three paragraphs particularly apt.
And so it goes with President Biden’s executive action around student loan debt cancellation. The potential $20,000 in relief per person gets the headlines. But the sleeper element here is a new income-driven debt repayment plan that would help many people pay much less of their student loan debt over time, if they’re not big earners.
Instead of helping people up front, when they’re hit with five- and six-figure tuition price tags, we’re taking a plan that used to serve as a safety net and turning it into a stealth subsidy.
Patching the student loan system is just the latest chapter in our long, sorry history of making things hard. In doing so, we confuse the very people we’re trying to help: the young, the old, the sick, the people without much time because they’re working hard to make ends meet.
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Post by The Walk of the Penguin Mich on Sept 4, 2022 18:08:51 GMT -5
Very interesting ‘cow’’ chart ! So not just decreased input from state and increased input from tuition but huge increased budget - causing more student loans Would like to see what costs increased Administrative? New infrastructure- new cafeterias etc? Spots? What was your salary and expenses 35 years ago compared to today? That figure suggests expenses have risen 5x in 35 years. That pretty much goes along with inflation. A car purchased in 1984 for $10k would be well over $50k today. A starting salary in my position at a university is about 5x what it was in the early 1980s.
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teen persuasion
Senior Member
Joined: Dec 20, 2010 21:58:49 GMT -5
Posts: 4,082
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Post by teen persuasion on Sept 4, 2022 19:20:44 GMT -5
Very interesting ‘cow’’ chart ! So not just decreased input from state and increased input from tuition but huge increased budget - causing more student loans Would like to see what costs increased Administrative? New infrastructure- new cafeterias etc? Spots? What was your salary and expenses 35 years ago compared to today? That figure suggests expenses have risen 5x in 35 years. That pretty much goes along with inflation. A car purchased in 1984 for $10k would be well over $50k today. A starting salary in my position at a university is about 5x what it was in the early 1980s. About 35 years ago I was making minimum wage working on campus, $3.35/hr. Five times $3.35 is $16.75. Currently, federal minimum wage is, what, $7.25? NYS minimum wage is now $13.20. Neither one has kept up to inflation. Some other bits of info: I remember max student loans then were $2500, and that covered R&B (after origination fees, even) completely at the time. R&B is around $15k now, about six times as much, but max student loans are $5500 to $7500 depending on year. I just looked up max PELL for that period: $2100. Max PELL now is increased to $6895. Woohoo! It feels like PELL has been hovering around $6k since DD1 entered college in 2008!
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