Seen in Print

[rogruth]

BA in Social Justice. I hope it has a nice picture on the diploma because I can't imagine it would be worth anything.
Now you got to remember I am an old and old fashioned dude but that sounds much more significant than Art History.
Remember Art History is in the past, Social Justice is the FUTURE.

[Rufus T. Firefly]

BA in Social Justice. I hope it has a nice picture on the diploma because I can't imagine it would be worth anything.

You could perforate it, put it on a roll, and put it some practical use,

[healey36]

A buck? I'd have given this guy twenty bucks...

[rex desilets]

BA in Social Justice. I hope it has a nice picture on the diploma because I can't imagine it would be worth anything.
Now you got to remember I am an old and old fashioned dude but that sounds much more significant than Art History.
Remember Art History is in the past, Social Justice is the FUTURE.

So, if you're from out of Iowa, a year will cost about *Non-Resident Total Cost $29,130* Pretty inexpensive for a worthless degree. $20 grand less for Iowa resident. Anyway, perhaps the loans won't be all that awful a burden and you will have a unique degree that could be substituted for TP when the US goes the way of Venezuela.

[rogruth]

It seems that many of us are not very optimistic.
My wife said that I was an eternal optimist until the last several years. Oh well.

[Rufus T. Firefly]

BA in Social Justice. I hope it has a nice picture on the diploma because I can't imagine it would be worth anything.
Now you got to remember I am an old and old fashioned dude but that sounds much more significant than Art History.
Remember Art History is in the past, Social Justice is the FUTURE.

So, if you're from out of Iowa, a year will cost about *Non-Resident Total Cost $29,130* Pretty inexpensive for a worthless degree. $20 grand less for Iowa resident.

per year......and is that just tuition or does that include room & board....and figure little things like books @ $100/course....

Anyway, perhaps the loans won't be all that awful a burden and you will have a unique degree that could be substituted for TP when the US goes the way of Venezuela.

As I now understand it after examining their structure, student loans are actually designed to never be paid off and to be a permanent albatross 'round your neck....

[robert.]

My 68 year old mother has $125,000. left on her students loans. At 54 years of age see got a master's from Rutgers. She get a master's in finance. That right there proves Rutgers program is no good. They could not even teach her to manage her own finances. My mother happens to be a kilmer. Joyce was her father's uncle. I tried to get my mother to tell the dean" stuff your loans.My family left you a large endowment" But she wont do it. She has no planes on paying them off. She gets $900 a month for SS. I had thought that Rutgers dropped the loans for her.But she is in the loop and every month the bills come along with the phone calls. her loans are not owed to Rutgers. She owes the us. government. Delaware Valley university a small farm school is $34.000 a year. I just looked a little further. With room and board. $48,000

[rogruth]

Hmmm. No wonder "everybody" wants "free" college.
I graduated from high school in 1952. I was a pretty good tuba player and had a lot of scholarship offers. Now I am sure that most know that music
students don't get scholarships like jocks do. I went to Morehead State College, now University, in Kentucky even though I had offers from Ohio
schools where I lived. My music scholarship paid $100.00 a semester which covered room and tuition. I spent less than $100.00 a semester for other expenses and $20.00 a week for food, beer and cigarettes. So it cost less than $1000.00 a year for me to attend college. I did not owe any money when I graduated in 1956. To have attended OSU, Oberlin, the Cincinnati Conservatory, etc. would have cost 2 to 5 times as much. My family and I could not afford that. I don't remember students that attended colleges that they could not afford at that time. I also think that I learned as much, possibly more,
at MSC than I would have at any other school.

I realize that none of this is of any importance.

[Rufus T. Firefly]

her loans are not owed to Rutgers. She owes the us. government.

And that goes right back to my statement that these loans are designed not to be paid off forever - it's a scam that provides a never ending source of income back to the Gov't - they collect from you forever - it's a small monthly payment that never ends.... I have difficulty accepting that there is any real intention to lessen student debt.

Delaware Valley university a small farm school is $34.000 a year. I just looked a little further. With room and board. $48,000

I remember Del Val back when it was a community college and barely a rung up from some of the better high schools in the Bux-Mont.

[rogruth]

Today it seems that everyone must go to some form of higher education.
Seems to be expected now for almost any job.

Let's see. If everybody gets in debt to the "gummint" and the gummint owes
other countries, especially China, gazillions of dollars, won't China soon own us?

[Rufus T. Firefly]

Today it seems that everyone must go to some form of higher education.
Seems to be expected now for almost any job.

Let's see. If everybody gets in debt to the "gummint" and the gummint owes
other countries, especially China, gazillions of dollars, won't China soon own us?

Soon?

[healey36]

Small colleges are in deep trouble. Here in Maryland a number of them have seen enrollment declines of upwards of 20% in the last couple of years. McDaniel here in Westminster is down 17%. Their tuition/board/fees is approaching $50K/year. The model is not sustainable. Wells College in upstate NY freshman apps were down 32%. Shirley Jackson, President of RPI is pulling down an annual salary north of $7 million. These folks are living in a bubble of their own creation that's about to burst.

At the same time, as harsh as this sounds, you can't go to school, get a liberal arts degree and wrack up $100K of debt. You will never recover from that error. The only model where that has a shot of working is medical school. Even then you'll be a helluva a lot farther in the hole than $100K, but you will most likely have an income stream that provides a decent shot of working it off.

[Rufus T. Firefly]

Small colleges are in deep trouble. Here in Maryland a number of them have seen enrollment declines of upwards of 20% in the last couple of years. McDaniel here in Westminster is down 17%. Their tuition/board/fees is approaching $50K/year. The model is not sustainable. Wells College in upstate NY freshman apps were down 32%. Shirley Jackson, President of RPI is pulling down an annual salary north of $7 million. These folks are living in a bubble of their own creation that's about to burst.

Yet, I know that many of the small colleges in PA have full enrollment classes and are turning kids away - some are in the top 100 most selective schools in the country and most passed $50k/year for just tuition more than a decade ago. Looking closer to $100k/year for complete package for many of these schools - I went to one of them back in the 70's when the student body was limited to 2k students -- never a problem since there was about a 25% attrition rate for freshmen......

At the same time, as harsh as this sounds, you can't go to school, get a liberal arts degree and wrack up $100K of debt.

If you only have 100k in debt you're doing pretty good; far from limited to a liberal arts degree. Science degrees are no picnic today - without the advanced degree, you might get a job in sales - should have just gotten that marketing degree. Grad school was $1k/credit hour for me 30+ years ago - if you are exceedingly lucky (and also just good in the lab....) you just might be able to get a full ride for a PhD in Chemistry....and then end up doing 2-3 post-doctoral stints while looking for either a job in industry (stable as out economy and Wall St.) or academia (where dreams become nightmares...)......where I would not recommend students to even try anymore.

You will never recover from that error.

Of course not - those loans are designed to be mill stones around your neck forever.....

The only model where that has a shot of working is medical school. Even then you'll be a helluva a lot farther in the hole than $100K, but you will most likely have an income stream that provides a decent shot of working it off.

You'll be ~$500k in the hole looking forward to the rat race of all the residency and post-grad training where you have to make the choice of being at some hospital or part of a group that runs an assembly line of patients to pay for all the the collective bills and insurances. Almost best shot before and after getting into Med School is to commit to the military and just maybe stay in.....

[healey36]

Of course not - those loans are designed to be mill stones around your neck forever.....

I'm not sure I'm on board with the conspiracy theory here. Is this Sallie-Mae that runs this for the Government? The income stream can't be that great looking at the defaults they are facing.

Of course it is the government...they can just run down to Treasury and print more money.

I think the original intent was that the kid would pay for a piece, the parents would pay for a piece, and they'd borrow the difference. I don't believe the intent was ever that the kid would finance 90% of the bill. The problem is the kid makes virtually no money of his own, the parents blew all of theirs on homes too big, second homes, boats, RV's, cruises, Mexican/European vacations, Vegas/Atlantic City, etc., and the academics have priced their product beyond reach. It's time to winnow the producers.

[MurphOnMillerAve]

But I believe most bureaucrats in the federal government know that is very bad for the value of the dollar. Simply printing more money devalues the money, thus, damaging the USA economy, which affects the whole world.