Why College Costs SOOO Much

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  2. You have chosen to ignore posts from Reubenhop. Show Reubenhop's posts

    Why College Costs SOOO Much

    Newt: I think you are right to a certain degree. Colleges have relied on generous loan/grant arrangements (as well as people tapping equity in their houses) to fund ever increasing tuition costs. They are due for a major adjustment and there will not be enough in grants to cover the respective losses to the consumer's finances and college's endowment. Some private colleges may actually go belly up as students (and their parents) make tough economic choices. Public colleges are still a pretty good educational/financial bargain and their applications will explode in the coming years.
     
  3. You have chosen to ignore posts from pajamaslavedancer. Show pajamaslavedancer's posts

    Why College Costs SOOO Much

    Already happening. The ivies introduced cost caps and state schools are seeing huge increases in applications.

    What neither of you mentioned is the endowment envy. Seems to me that's where a bulk of the money goes.
     
  4. You have chosen to ignore posts from lucy7368. Show lucy7368's posts

    Why College Costs SOOO Much

    College is so expensive because there's always someone willing to pay it. If no one was willing to give Harvard $50k/year for an undergraduate education, they wouldn't charge so much.
     
  5. You have chosen to ignore posts from Reubenhop. Show Reubenhop's posts

    Why College Costs SOOO Much

    [Quote]College is so expensive because there's always someone willing to pay it. If no one was willing to give Harvard $50k/year for an undergraduate education, they wouldn't charge so much.[/Quote]


    The Ivies and small Ivies can get away with this financial plan, but the second and third tier private schools are going to get crunched. Look at Brandeis trying to sell its art: think of the schools without an art collection...
     
  6. You have chosen to ignore posts from Reubenhop. Show Reubenhop's posts

    Why College Costs SOOO Much

    [Quote]I don't think Brandeis is selling their art collection because the quality of applicants is dwindling. I bet its because their endowment got too low for comfort. Endowment is everything. Look at a school like Emory, the new Duke. 20 years of Coke cash turns it from a regional party school to a top 10. Alas, even the Duke fortune seems a bit thin nowadays. Duke's not what it used to be.[/Quote]

    I agree, I was projecting into the future. I have a kid in public college and it was really her only option financially. And I am middle class: exclude people like me and the private schools are going to lose applicants on top of losing endowments and could in the end lose it all.
     
  7. You have chosen to ignore posts from TarheelChief. Show TarheelChief's posts

    Why College Costs SOOO Much

    College professors,staff,administration must face the distinct prospect of reductions in either staff or pay.
    One would think in these difficult times the students would be able to reduce their expectations and attempt cheaper methods of education. Junior college is one option and certain public colleges are more affordable to in state students.There's no reason to think the additional expenses of sending a child far away can be justified,especially when parents have two children.
    The price fixing of tuition is notorious and shameful after Congress keeps encouraging financial mismanagement through larger and larger insured college loans.
    To pay the bills Congress will be forced into looking at methods of cutting retirement payments,cutting health care,or cutting education subsidies.
     
  8. You have chosen to ignore posts from aynnie. Show aynnie's posts

    Why College Costs SOOO Much

    My son just received early acceptance from a great school. We have found that with financial aid, private schools can end up costing the same or less than a public college - it did with our oldest child.
    Sorry, all that money down the drain in Iraq - I can't see that Pell grants are something to complain about. Really - money for college is a bad thing?

     
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  11. You have chosen to ignore posts from Reubenhop. Show Reubenhop's posts

    Why College Costs SOOO Much

    [Quote]

    Yes, that is true, there is always someone always willing to pay more - the US GOVERNMENT with limitless Pell Grants.

    Thank you for making such a clear explanation of the damage Pell Grants are doing.[/Quote]


    You badly overstate the situation: the maximum Pell grant a student can get is less than 5K and it is available only to people of very modest means. The program can hardly be the driving force in the soaring cost of college across the board. The government is not to blame for everything.
     
  12. You have chosen to ignore posts from LibraryMan. Show LibraryMan's posts

    Why College Costs SOOO Much

    Private schools aren't worth the money. Brandeis, Amherst College, Emmerson, and BU are no better than UMass - Amherst. Whit these non-Ivy private schools you're just paying for the name, not the quality of education.
     
  13. You have chosen to ignore posts from Reubenhop. Show Reubenhop's posts

    Why College Costs SOOO Much

    [Quote]Private schools aren't worth the money. Brandeis, Amherst College, Emmerson, and BU are no better than UMass - Amherst. Whit these non-Ivy private schools you're just paying for the name, not the quality of education.[/Quote]


    I think you are right. The "name" does sell to a certain extent, but at what cost? And what about the second and third tier schools that have little "name", but nearly the same price tag. They are going to get crunched in the coming years. UMass is fine, my kid is quite happy there and is doing challenging work.
     
  14. You have chosen to ignore posts from Reubenhop. Show Reubenhop's posts

    Why College Costs SOOO Much

    [Quote]well, if i read the boston globe, or new york times socialist lite, most of these minorities don't have a snowballs chance in hell in actually getting a degree.

    you can't overcome the lazy tribal dna genes.

    they's all be looking for a cushy job where they can smile and prance around on a stage with a microphone like Dope-Zilla Mao-Bama[/Quote]

    Do you have to convert every topic into a racist rant? Do you ever have anything positive to say? I haven't seen any evidence that you have a rational thought in your head or a soul within your pathetic body. Prove me wrong, please.
     
  15. You have chosen to ignore posts from Reubenhop. Show Reubenhop's posts

    Why College Costs SOOO Much

    [Quote]


    I am absolutely positive that if we allow America to be run by liberals, criminals, sexual deviates and illegal aliens, we're in deep trouble.


    the latest series in the globe a couple weeks ago was in regard to the high dropout rate for minorities in college.



    what a freakin surprise.[/Quote]


    You are making my point. You just have vile racism to spew. Not much of a life.
     
  16. You have chosen to ignore posts from mtbr1975. Show mtbr1975's posts

    Why College Costs SOOO Much

    Thought you Republicans were all about the FREE MARKET? Now you want the GOVERNMENT to step in REGULATE?!?!!?

    What happened to all the Conservatives out there, oh that's right the economy happened, now all your Free Market bull goes out the window.
     
  17. You have chosen to ignore posts from Bynxers. Show Bynxers's posts

    Why College Costs SOOO Much

    I think it is safe to bet that in a few years or even sooner- the "educational bubble" will burst as well.

    Tuition goes up and up and up, as do fees and other expenses. In the past few years, an entire generation of people went to expensive schools for undergrad degrees, masters degrees, and so on because they were TOLD they had to in order to succeed by parents, teachers, career counselors, the media and more. Now, this generation is strapped with massive student loan debt and limited job options that much of the time do not pay back the educational investment to a comfortable level, ie- student loan payments take up a sizable portion of your pay.

    Much like expensive mortgages, many recent graduates are "underwater" on their student loans: The amount of money they earn and have the possibility of earning is much lower than the debt and interest they are carrying from their education.

    This issue will keep many from owning a home, buying a new car, being able to comfortably provide for their families, etc. For some, it may even lead to more difficult times as interest rates rise or payment plans increase monthly dues in a manner that does not match or keep up with income gains from raises or new jobs. Many are out of work or underemployed right now as it is, making this situation worse.

    I find it interesting that while everyone grouses over the housing bubble bursting- no one has paid attention to the "educational bubble". Colleges and universities with HUGE endowments, very well paid professors, deans, etc. And still- the prices go up, up , up. In many cases, universities have appeared to become financial black holes.

    Years ago, it was respectable to be a butcher, grocer, welder, chef, carpenter, mason, etc. etc. Now, those professions are looked down upon and everyone needs degrees to be lawyers, "administrators", "project managers", accountants, and so on. But the market is flooded with these professionals and the cost of obtaining those degrees no longer matches the financial opportunity (overall). Which is why now- we have contractors, mechanics and plumbers being able to charge top dollar and in some cases earning close to or even MORE that the "professional" they are offering their services to.

    Thus, I believe it is safe to say that in some way shape or form, education is going to take a hit next and we may once again see a rise in vocational career paths. The trend already seems to be starting with the growing popularity of cooking shows, home design and instructional shows, reality shows focusing on mechanics and engineering, you name it.

    It's just a theory, but I think the evidence points to this possibility.
     
  18. You have chosen to ignore posts from TarheelChief. Show TarheelChief's posts

    Why College Costs SOOO Much

    Professors have failed to reveal their salaries and should do so to restore confidence among parents and state legislatures.
    One would imagine a great deal of the costs would involve health insurance costs and utilities.
    The endowment drainage will force some of the wealthier colleges to beg for more money from strapped alumni.
    Without a reduction in Pell Grants and other federal monies Colleges and Universities will remain tied to raising tuition.
     
  19. You have chosen to ignore posts from TarheelChief. Show TarheelChief's posts

    Why College Costs SOOO Much

    Education,like the medical field has never willingly submitted to a thorough audit.
    One reason lies in the tax code which exempts a large percentage of the education and medical profession on the grounds they are non-profit organizations like churches.
    This leads to Hollywood Accounting for costs,salaries,and benefits. As most professional accountants know Hollywood has never produced a taxable profit.One should examine the accounts of universities and see if they ever saw a surplus,and if they ever had a time when they did not have a building program despite the projections of fewer and fewer students per college.
     
  20. You have chosen to ignore posts from aynnie. Show aynnie's posts

    Why College Costs SOOO Much

    Well, we just got our financial package, and it is going to cost about the same as UMass Amherst for him to attend a "little Ivie". Our plan is to split the cost with him so he will be graduating with some debt but hopefully not overwhelming debt and from a very good school.

    I am not putting down UMass, it's a great school, but this small school is a much better fit for him, I am sure. And I am not lying, the fact that he is a very good athlete definitely opened the door for him. You use what you have, and we don't have a rich grand father.

    But you can't really talk to people on these boards any more. People are just really nasty.
     
  21. You have chosen to ignore posts from aynnie. Show aynnie's posts

    Why College Costs SOOO Much

    I am certainly not trying to break my arm patting the old back or brag (besides, I give my husband credit for figuring out all of this), but we come from blue collar city neighborhoods and finally learned how to play the game to our advantage - which meant staying in the city - staying in the "starter" house, getting the kids prepared for Latin or the ISL's and taking advantage of their intelligence and athletics. So far, so good. But we are very, very grateful for the opportunities that the ISLs have given us. There is also a program for Boston kids called Steppingstone that very few non-minority families take advantage of, and it is terrific, although very competitive to get into. Our daughter has gained admission to the best girls' private school in the area as a result of attending.

    You just have to put the work in and it can be done.
     
  22. You have chosen to ignore posts from dexter67. Show dexter67's posts

    Why College Costs SOOO Much

    [Quote]For some reason the right wingers are a tad more bitter these days.[/Quote]

    This is true. But if it continues for eight years like it did for you and your cronies, then we'll talk
     
  23. You have chosen to ignore posts from dexter67. Show dexter67's posts

    Why College Costs SOOO Much

    [Quote]If?[/Quote]

    Yes if. It means - introducing a conditional clause.
    Let me know if you need help understanding any other words.
     
  24. You have chosen to ignore posts from dexter67. Show dexter67's posts

    Why College Costs SOOO Much

    [Quote]Self-flagellation
    Ignoramus
    Douchebag[/Quote]

    Oh I get it. You can dish it out but you can't take it. Got it...you pompous pr*ck
     
  25. You have chosen to ignore posts from mrb70. Show mrb70's posts

    Why College Costs SOOO Much

    I spent 6 years in college. I spent 15 years paying for it. The secret that no one wants to articulate is that college is just a way to delay entry into the real world. What I learned in 6 years of study I leanred in 6 months on the job.

    A very successful and well connected man once told me that unless you are learning a very specific skill, the only thing a college educatuion proves is that you are willing to do a great deal of work for very little reward. That's why employers like to see them.
     
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