[AndrewMBaines]

Originally Posted by natedog7700

Yeah apparently 12 people have house's worth 100+ million...

No mention of which currency to use

[csu87]

Originally Posted by 08njSTEP

Fravel's realization is nothing new. I went to college in late '80s-early '90s. At that time every senior was committed to a starting wage of $50k. It didn't happen. A lot of those grads moved back into their parents basement. It is certainly true that cost of education has gotten very high and that schools have found a gravy train called student loans. Something must change before the cost of school eclipses the earning power of the graduates first decade of employment. This is almost the case currently with some degrees. A major contributing factor is the economic shift towards service industries as the engine of the economy. How we change that is a real puzzle.

It will take a shift away from the current thinking of you have to go to college to get a good job imo to get schools to start lowering prices.

The problem is, most the major employers and the places with jobs that are highly desirable, keep upping the requirements. Add to the fact that everyone is getting a degree now, and you have to either go to a prestigious school or get an advanced degree (masters/phd) or both to be considered for jobs that in the past didnt require it. This is something I dont see ending anytime soon, especially if some of these people get their way and college becomes a right vs a privilege.

[08njSTEP]

There is no doubt that a "free degree" is about the worst idea to come down the pike in a long time. HS grads will know even less than they do currently as that learning will now be college based. This is mandatory if you plan on letting every student in. Even the dumb ass will get in. So that makes under grad equal to current HS grad. Now post grad is a basic degree and PhD becomes 1st level post grad. That puts the PhD grad at 8-10 years of school and all of it financed. It just won't work. $30-50k/ semester for 10 years at 12-19%. There will be some people getting rich off this scheme.

[csu87]

Originally Posted by 08njSTEP

There is no doubt that a "free degree" is about the worst idea to come down the pike in a long time. HS grads will know even less than they do currently as that learning will now be college based. This is mandatory if you plan on letting every student in. Even the dumb ass will get in. So that makes under grad equal to current HS grad. Now post grad is a basic degree and PhD becomes 1st level post grad. That puts the PhD grad at 8-10 years of school and all of it financed. It just won't work. $30-50k/ semester for 10 years at 12-19%. There will be some people getting rich off this scheme.

Yup.

Best case scenario is wait for it to level out, which it will, eventually. Sooner or later most people wont be able to afford tuition, enrollment rates will drop, and prices will start to come down. Hopefully this happens before my kids get to college, or they better be good at dancing.

[acoustix]

because i spend a lot of my money on my car, there should be an " I live in my car " option

[Alfisti]

Originally Posted by 08njSTEP

There is no doubt that a "free degree" is about the worst idea to come down the pike in a long time. HS grads will know even less than they do currently as that learning will now be college based. This is mandatory if you plan on letting every student in. Even the dumb ass will get in. So that makes under grad equal to current HS grad. Now post grad is a basic degree and PhD becomes 1st level post grad. That puts the PhD grad at 8-10 years of school and all of it financed. It just won't work. $30-50k/ semester for 10 years at 12-19%. There will be some people getting rich off this scheme.

I don't disagree but as per usual you 'mericans go too far the other way. The cost of a basic undergrad in the USA is absolutely preposterous, widening the divide between the haves and the have nots. That creates an underclass and that generates crime.

Back home in OZ, I paid (in today's money) about $4K a year, the money was lent to me by the government who then garnished my wages at an increasing percentage as my income grew.

I was raised by my mother as she struggled through a monumental depression and a poor skill set, she struggled financially despite busting a gut (literally with 4 hernias) to make ends meet.

In your world i fall through the cracks, I don't get my marketing degree and I am not professionally employed.

Whilst i too feel "free" is a mistake, the cost of an education in the USA is nothing short of outrageous.

[Kidscollege$]

Originally Posted by Axius

The basement I've been locked in and chained to for the past year is worth nothing. Haven't seen the light of day, being fed stale Cheez-Its and Capri Sun, and forced to watch The Goonies 24/7.

For the goonie fan...

[Axius]

Originally Posted by Alfisti

Whilst i too feel "free" is a mistake, the cost of an education in the USA is nothing short of outrageous.

That's how the rich stay richer here, greedy mother fuckers constantly wanting more and more while every day citizens struggle to make ends meet because they have to pay out of their asshole for decades on a loan to get a job that otherwise wouldn't hire them without one.

The sad part is, the kids that come out of college with degrees into this plant have no concept of manufacturing as a whole. Poor problem solving skills, can't read basic measuring equipment or run CNC's to make their own components. They have book knowledge, but my work experience makes me question a lot of the decisions that are made here.

[VRG_135]

Originally Posted by natedog7700

Yeah apparently 12 people have house's worth 100+ million...

They must use their 1'ers as golf carts or something.....servants vehicles?

[John 070]

Originally Posted by natedog7700

Yeah apparently 12 people have house's worth 100+ million...

When will we learn....ask a guy his salary or his height, and you will almost never get a straight answer.

with zillow and realtor.com, don't ask a person how much his home is worth, ask them for their address.

Anyhow I do remember my classmates esp. from Long Island routinely living at home until late 20's. Today, I know someone who lives at home at 39.

Parents really need to show their kids their size 12's at age 18. It's ok to live at home while in college, and on break, but upon graduation, throw them out by the seat of their pants. They will thank you later on. I know all this from experience, seeing that my son is 2 1/2....

[John 070]

Originally Posted by 08njSTEP

There is no doubt that a "free degree" is about the worst idea to come down the pike in a long time. HS grads will know even less than they do currently as that learning will now be college based. This is mandatory if you plan on letting every student in. Even the dumb ass will get in. So that makes under grad equal to current HS grad. Now post grad is a basic degree and PhD becomes 1st level post grad. That puts the PhD grad at 8-10 years of school and all of it financed. It just won't work. $30-50k/ semester for 10 years at 12-19%. There will be some people getting rich off this scheme.

I'm really confused by "college," as it wasn't as hard for our parents. If a kid gets into an elite college, problem solved. Because even a 8%'er or so will pay only 10% of income...so you have wacky choices....H****** or St****** for $21k, or the state university for $38k.

My coworker's son just graduated from an Ivy League school and he said they only paid room and board (I estimate that he and his wife are < $100k).

The reality, however, is my former friend's son went to an elite prep school costing her $40k/yr. as a single mom? Her own parents told her not to put all her eggs in one basket. Her son was top 1% in the SATs ACT blah blah blah, and did not even get into Boston College. In our day, BC was a safety school, I mean it even today accepts 30% and has a low yield. But guess what mama? You had better have straight A's.

edit: forgot about the eggs in one basket thing, kid is ungrateful, has threatened to commit suicide, run a way, partying hardily now, etc., and going to a school whose tuition is ~ $70k, and my former friend has to pay $28k of it cash. She financed a Honda CR-V for 60 mos. with little down. 60 mos. Imagine coming up with $28k/yr. cash? For an ungrateful son? And this son was a model kid when he was 4-13.....they change.

That's the problem imho, the "good" schools are relatively small, and the pool that is applying is worldwide. So now, they choose among the perfect.

My kid's only 2 1/2, and seriously, I'm already worried.

[PoorLurker]

Originally Posted by John 070

edit: forgot about the eggs in one basket thing, kid is ungrateful, has threatened to commit suicide, run a way, partying hardily now, etc., and going to a school whose tuition is ~ $70k, and my former friend has to pay $28k of it cash. She financed a Honda CR-V for 60 mos. with little down. 60 mos. Imagine coming up with $28k/yr. cash? For an ungrateful son? And this son was a model kid when he was 4-13.....they change.

Yikes! I cannot imagine living in an area where a family would spend that type of money on education when they don't seem to be all that particularly well off.

Regarding asking for address - that's a bit personal, haha. Funny thing is that on car forums, people tend to exaggerate and puff out their chests all the time.

[fravel]

Originally Posted by John 070

The reality, however, is my former friend's son went to an elite prep school costing her $40k/yr. as a single mom? Her own parents told her not to put all her eggs in one basket. Her son was top 1% in the SATs ACT blah blah blah, and did not even get into Boston College. In our day, BC was a safety school, I mean it even today accepts 30% and has a low yield. But guess what mama? You had better have straight A's.

This touches on the other side of my cynicism regarding higher education; if you're a white male, unless you have a 4.0 gpa and perfect SAT/ACT scores, you aren't getting any significant portion of your tuition covered by scholarships. Meanwhile, minority students can get a full ride for a 28 ACT and a 3.4 gpa.

[PoorLurker]

Originally Posted by fravel

This touches on the other side of my cynicism regarding higher education; if you're a white male, unless you have a 4.0 gpa and perfect SAT/ACT scores, you aren't getting any significant portion of your tuition covered by scholarships. Meanwhile, minority students can get a full ride for a 28 ACT and a 3.4 gpa.

It could be worse... you could be Asian.


The model minority is losing patience

Asian-Americans are the United States’ most successful minority, but they are complaining ever more vigorously about discrimination, especially in academia
http://www.economist.com/news/briefi...mplaining-ever


Fewer Asians Need Apply
How the Ivy League discriminates against top-achieving students
http://www.city-journal.org/html/few...ply-14180.html

[fravel]

Originally Posted by PoorLurker

It could be worse... you could be Asian.


The model minority is losing patience

Asian-Americans are the United States’ most successful minority, but they are complaining ever more vigorously about discrimination, especially in academia
http://www.economist.com/news/briefi...mplaining-ever


Fewer Asians Need Apply
How the Ivy League discriminates against top-achieving students
http://www.city-journal.org/html/few...ply-14180.html

Gotta love those unintended consequences.

[csu87]

Originally Posted by fravel

This touches on the other side of my cynicism regarding higher education; if you're a white male, unless you have a 4.0 gpa and perfect SAT/ACT scores, you aren't getting any significant portion of your tuition covered by scholarships. Meanwhile, minority students can get a full ride for a 28 ACT and a 3.4 gpa.

Above average income white male. Poor white males get some pretty good assistance as well. The ones that get hurt by raising tuition costs are middle and upper middle class families since they dont qualify for assistance, and dont tend to have the money to spare.

The people that cry that college tuition rates hurt the poor and it perpetuates poverty, dont understand that with just a little work, they can get a full ride or severly discounted tuition rate based on their little income. But hey, its easier to just blame the system for keeping you uneducated and poor.

[John 070]

Originally Posted by PoorLurker

Yikes! I cannot imagine living in an area where a family would spend that type of money on education when they don't seem to be all that particularly well off.

Regarding asking for address - that's a bit personal, haha. Funny thing is that on car forums, people tend to exaggerate and puff out their chests all the time.

haha my chest is 48" and my BMI is 6%. I am 6'5" and 230 lbs., annual income let's just say 8 figures. You remember the Ken doll in Toy Story, I'm the human version only I like girls. House? Please, 10,000 sq. ft penthouse.

[csu87]

Originally Posted by John 070

haha my chest is 48" and my BMI is 6%. I am 6'5" and 230 lbs., annual income let's just say 8 figures. You remember the Ken doll in Toy Story, I'm the human version only I like girls. House? Please, 10,000 sq. ft penthouse.

This is below average for the typical internet user. Step your game up you weak malibu ken doll.

[fcman]

Originally Posted by fravel

This touches on the other side of my cynicism regarding higher education; if you're a white male, unless you have a 4.0 gpa and perfect SAT/ACT scores, you aren't getting any significant portion of your tuition covered by scholarships. Meanwhile, minority students can get a full ride for a 28 ACT and a 3.4 gpa.

My cousin basically got a full ride offer from every law school he applied to (starting at a top school next semester). He did have a 4.0, but definitely no perfect SAT/ACT, and he didn't go to an Ivy League school. I also had a full ride for most of my college career, and I barely had over a 3.0 gpa in highschool. My SATs were pretty high though and I went in to STEM (makes it a bit easier to get in and get scholarships)

I'm 4 years out of school this month.

[natedog7700]

Originally Posted by csu87

This is below average for the typical internet user. Step your game up you weak malibu ken doll.

Really? I thought it was pretty realistic for the typical internet troll...

[08njSTEP]

In Maryland if you go to state and get accepted into engineering college it's free. Irrespective of income. At least it was in '07 and I doubt things have changed.

[fareast1]

Originally Posted by 08njSTEP

In Maryland if you go to state and get accepted into engineering college it's free. Irrespective of income. At least it was in '07 and I doubt things have changed.

Tell me more of this program of which you speak, please.