Effect of Student Debt on the Economy Stupid

It's interesting that 50, 60 years ago way fewer people got bachelor's. We're talking about ten percent give or take. Now it's just a business in many ways instead of a public good.

YellowSnow said:

RaceBannon said:

People forget that many universities have endowments that would allow free tuition without the feds paying for it or the student going into debt

Harvard's endowment is $36 Billion. Bama's is $632 Million. Harvard should hire Saban and quit sucking at football.

Pomona's endowment is over $2 B for 1600 kids. Do the maff. They don't really need your fucking tuition money, but the school is such a draw that people who aren't poor gladly pay full price if their kids can get in, so they're never even approaching, much less pushing, their financial limits.

So, yes. If there is a smart poor kid they want to admit, they don't pay a fucking penny, ever. No loans, no nothin'. They have more money than they know what to do with, and still the market price of their tuition goes up. There are probably, like, 20 to 25 schools in this category.

Fire_Marshall_Bill said:

It's interesting that 50, 60 years ago way fewer people got bachelor's. We're talking about ten percent give or take. Now it's just a business in many ways instead of a public good.

Agreed. Too many people from loser families have been convinced they need to go to college to complete their lives.

The truth is a degree in Sports Management from Central Washington University is just a waste of time, and the opportunity cost of driving the street sweeper for the city for four more years will never be realized.

Let people like me and my kids worry about higher ed. The rest of you should just get the fuck to work.

creepycoug said:

PurpleThrobber said:

Certainly the cost of education has escalated....but let's not discount the lack of personal responsibility of the millennials/millennials parents for lusting over bachelors degrees from elite public and private institutions.

Nothing wrong with a couple years at a community college getting the basics out of the way dirt cheap and then moving to a four-year.

I weep virtually no tears and give no fucks over student debt loads.

That said, Jake Browning sucks and college administrators should be forced to live on half their salary.

Yes, there is. CC is for losers who couldn't get their shit together in high school, which isn't really that hard to do. That tendency tends to follow you through life. I know 25 people who went the CC route; 24 of them wasted their time and should have just gone into a trade. And that's the population with which you'll be rubbing intellectual elbows for your first two years+. Sounds like a great plan. These are the people who continue saying "I seen that," well into their 30s and beyond.

No thanks. Creepy's kids are smart, and thus attend PRIVATE school all four years with other smart people. That's what makes you smart; not the author of the text book. Plus, it ups the odds that my grandcreepys will be smart, since that's the pool they'll likely draw from.

You get what you pay for.

Ahhhh!! The Pumpy of the Tug has returned to form.

creepycoug said:

PurpleThrobber said:

Certainly the cost of education has escalated....but let's not discount the lack of personal responsibility of the millennials/millennials parents for lusting over bachelors degrees from elite public and private institutions.

Nothing wrong with a couple years at a community college getting the basics out of the way dirt cheap and then moving to a four-year.

I weep virtually no tears and give no fucks over student debt loads.

That said, Jake Browning sucks and college administrators should be forced to live on half their salary.

Yes, there is. CC is for losers who couldn't get their shit together in high school, which isn't really that hard to do. That tendency tends to follow you through life. I know 25 people who went the CC route; 24 of them wasted their time and should have just gone into a trade. And that's the population with which you'll be rubbing intellectual elbows for your first two years+. Sounds like a great plan. These are the people who continue saying "I seen that," well into their 30s and beyond.

No thanks. Creepy's kids are smart, and thus attend PRIVATE school all four years with other smart people. That's what makes you smart; not the author of the text book. Plus, it ups the odds that my grandcreepys will be smart, since that's the pool they'll likely draw from.

You get what you pay for.

I disagree on the CC route. I went to a University for four years, but many of my friends went with the CC route, then ended up getting masters degrees. Unless you live below the poverty line, or are a minority, the number of scholarships available has shrunk considerably. In Oregon you can still qualify for the Dean's Scholarship, but that only pays about 25% of your tuition. Responsible students in lower middle class families can take the CC route for two years and get the undergrad done on the cheap while also working a job, and saving it for some of the tuition costs later at the University. It's probable that he/she may still owe some debt, but $10-$15k in school debt is manageable, while $50-$60k in school debt isn't for many.

You worked your ass off and got to where you can send your kids to private school. Props to you on that. Unfortunately, there are many people that aren't as successful as you, and their kids have to suffer some of the burden. The CC route is a way for them to achieve a diploma at a lower cost.