Page 1 of 45 12311 ... LastLast
Results 1 to 10 of 449

Thread: A Generation Hobbled by the Soaring Cost of College

  1. #1
    Sage
    Arbo's Avatar
    Join Date
    Dec 2011
    Location
    Colorado
    Last Seen
    07-12-16 @ 01:32 AM
    Gender
    Lean
    Independent
    Posts
    10,395
    Blog Entries
    2

    A Generation Hobbled by the Soaring Cost of College

    http://www.nytimes.com/2012/05/13/bu...EUB9uA5C7RvZyw

    Kelsey Griffith graduates on Sunday from Ohio Northern University. To start paying off her $120,000 in student debt, she is already working two restaurant jobs and will soon give up her apartment here to live with her parents. Her mother, who co-signed on the loans, is taking out a life insurance policy on her daughter.

    “If anything ever happened, God forbid, that is my debt also,” said Ms. Griffith’s mother, Marlene Griffith.
    Ms. Griffith, 23, wouldn’t seem a perfect financial fit for a college that costs nearly $50,000 a year. Her father, a paramedic, and mother, a preschool teacher, have modest incomes, and she has four sisters. But when she visited Ohio Northern, she was won over by faculty and admissions staff members who urge students to pursue their dreams rather than obsess on the sticker price.
    “As an 18-year-old, it sounded like a good fit to me, and the school really sold it,” said Ms. Griffith, a marketing major. “I knew a private school would cost a lot of money. But when I graduate, I’m going to owe like $900 a month. No one told me that.”


    "No one told me that." Did you not learn such basic things as to figure out total cost and payments in high school? Good grief, take some responsibility for your own choices.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

  2. #2
    Sage

    Join Date
    May 2011
    Last Seen
    Today @ 04:21 PM
    Gender
    Lean
    Centrist
    Posts
    8,180

    Re: A Generation Hobbled by the Soaring Cost of College

    Bubbles are created when the prevailing wisdom says about a certain type of investment "this is ALWAYS a good investment." It happened in the housing market, and too many people took on more debt than they could handle, and behaved irrationally because the assumption underlying it (that X is always a good investment) is also irrational.

    $120,000 for a Marketing degree is no wiser an investment than $500,000 for a shoddy condominium. Marketing and other general business degrees are a dime a dozen, from most employers' perspectives. It amounts to a very bad investment decision on this girl's part and she will feel it for decades. To some degree she should have known better, but many 18-year olds don't know better and don't understand finance. So it's also too bad that these parents didn't know better or advise her better.
    Last edited by Neomalthusian; 05-13-12 at 03:00 PM.

  3. #3
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: A Generation Hobbled by the Soaring Cost of College

    Oh....students are to blame for the costs of college.

    Thanks guys, problem solved.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  4. #4
    Sage
    Arbo's Avatar
    Join Date
    Dec 2011
    Location
    Colorado
    Last Seen
    07-12-16 @ 01:32 AM
    Gender
    Lean
    Independent
    Posts
    10,395
    Blog Entries
    2

    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by Gimmesometruth View Post
    Oh....students are to blame for the costs of college.
    Nobody said that, now did they? What has been said is that people should have the knowledge to figure out what the cost of school is going to run them in terms of monthly payments and how long, as well as they should put a little more thought into the whole thing in terms of cost to benefit ratio.

    But I give you an A for effort to derail with falsehoods.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

  5. #5
    Battle Ready
    Grim17's Avatar
    Join Date
    Jul 2009
    Location
    Southwestern U.S.
    Last Seen
    Today @ 03:31 PM
    Gender
    Lean
    Conservative
    Posts
    24,126
    Blog Entries
    20

    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by Arbo View Post
    http://www.nytimes.com/2012/05/13/bu...EUB9uA5C7RvZyw



    "No one told me that." Did you not learn such basic things as to figure out total cost and payments in high school? Good grief, take some responsibility for your own choices.[/FONT][/SIZE][/COLOR]
    You know, if student loans and government grants didn't exist, I'll bet the price for college tuitions would be cut in half.

    On another note, they act like it's a tragedy that the poor girl was forced to move back in with her parents. It used to be that nearly all college kids lived at home with their parents (unless the distance prevented it) until they graduated. Often kids would live at home until their careers took off, or until they got married. Families used to stick together until their kids decided to have families of their own, and even then much of the time they would still live with parents for a while. It's still that way in most parts of the world, but hasn't been that way in America for a few generations.

    With the economic times we're living in today, don't you think it might be a good idea to rediscover the concept of family unity?

  6. #6
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by Arbo View Post
    Nobody said that, now did they?
    They didn't blame the student...?

    Quote Originally Posted by Arbo View Post
    Did you not learn such basic things as to figure out total cost and payments in high school? Good grief, take some responsibility for your own choices.
    Quote Originally Posted by Neomalthusian View Post
    It amounts to a very bad investment decision on this girl's part and she will feel it for decades. To some degree she should have known better, but many 18-year olds don't know better and don't understand finance. So it's also too bad that these parents didn't know better or advise her better.

    I'll give you another chance to begin a discussion on the causes of the increases in college costs.....if that is what this thread is about.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  7. #7
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by Gimmesometruth View Post
    Oh....students are to blame for the costs of college.

    Thanks guys, problem solved.
    Maybe I missed it but where did the article focus specifically on 'the costs of college'?

  8. #8
    Guru
    JohnWOlin's Avatar
    Join Date
    Jul 2010
    Location
    Kentucky
    Last Seen
    01-17-17 @ 08:15 PM
    Gender
    Lean
    Moderate
    Posts
    3,594

    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by Grim17 View Post
    You know, if student loans and government grants didn't exist, I'll bet the price for college tuitions would be cut in half.

    On another note, they act like it's a tragedy that the poor girl was forced to move back in with her parents. It used to be that nearly all college kids lived at home with their parents (unless the distance prevented it) until they graduated. Often kids would live at home until their careers took off, or until they got married. Families used to stick together until their kids decided to have families of their own, and even then much of the time they would still live with parents for a while. It's still that way in most parts of the world, but hasn't been that way in America for a few generations.

    With the economic times we're living in today, don't you think it might be a good idea to rediscover the concept of family unity?
    False. Most colleges act as businesses first educators second. Making them non-profit however may decrease cost.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

  9. #9
    Global Moderator
    Rage More!
    Your Star's Avatar
    Join Date
    May 2010
    Location
    Georgia
    Last Seen
    @
    Gender
    Lean
    Very Liberal
    Posts
    26,360

    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by Grim17 View Post
    You know, if student loans and government grants didn't exist, I'll bet the price for college tuitions would be cut in half.

    On another note, they act like it's a tragedy that the poor girl was forced to move back in with her parents. It used to be that nearly all college kids lived at home with their parents (unless the distance prevented it) until they graduated. Often kids would live at home until their careers took off, or until they got married. Families used to stick together until their kids decided to have families of their own, and even then much of the time they would still live with parents for a while. It's still that way in most parts of the world, but hasn't been that way in America for a few generations.

    With the economic times we're living in today, don't you think it might be a good idea to rediscover the concept of family unity?
    I'm doing it now, and it sucks balls.
    Eat me, drink me, love me;
    Laura make much of me

  10. #10
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by Dickieboy View Post
    Maybe I missed it but where did the article focus specifically on 'the costs of college'?
    The roots of the borrowing binge date to the 1980s, when tuition for four-year colleges began to rise faster than family incomes. In the 1990s, for-profit colleges boomed by spending heavily on marketing and recruiting.
    Nationally, state and local spending per college student, adjusted for inflation, reached a 25-year low this year, jeopardizing the long-held conviction that state-subsidized higher education is an affordable steppingstone for the lower and middle classes. All the while, the cost of tuition and fees has continued to increase faster than the rate of inflation, faster even than medical spending. If the trends continue through 2016, the average cost of a public college will have more than doubled in just 15 years, according to the Department of Education.
    Instead, reading from the same handbook as for-profit colleges, they urge students not to worry about the costs. That’s because most students don’t pay full price.
    They suggest, for example, that state schools are bloated, antiquated and don’t do a good enough job graduating students or training them for the work force. Some complain about the salaries of football coaches and college presidents, like Mr. Gee, who has a compensation package of $2 million a year as president of Ohio State. Mr. Kasich questions why all state universities need to offer every major, like journalism or engineering, instead of parceling those programs among the schools.

    “It’s not just inefficiencies,” said the governor, an Ohio State graduate. “It’s, ‘I want to be the best in this.’ It’s duplication of resources. It’s a sweeping change that is needed across academia.”
    Should I go on....?
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

Page 1 of 45 12311 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •