College is just too expensive nowadays!

Discussion in 'The Bike Cafe' started by JTE83, Jul 1, 2008.

  1. JTE83

    JTE83 Member

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    When I went to my budget in state college, Univ of IL at Urbana Champaign - the 6th best college in the nation for Mechanical Engineering, tuition was cheap - $7500 a year! Now I hear it's $25,000 a year! I can't afford to put 2 kids through college! Man, I gotta save lots and put some of the burden on them to do so! With the high costs of college, sometimes I think the pool of good graduates is shrinking! Anyone have data on this?

    How much was you college tuition? Or how much is it now for your preferred college? How big is your student loan debt and what kinda interest rate do they charge?
     
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  2. alienator

    alienator Well-Known Member

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    What a festering jackass you are. What kind of kind thoughtless turd asks strangers how much their college debt is?

    Kids? Do you think any woman is going to want to fuck you, let alone bear your kids? Right.

    College rankings. There's a hoot. They really must mean something because JTE83 read some. Uh-huh. Where is this clearing house of college rankings, eh? How exactly is it determined how a college ranks, eh? I mean, if there is some standard for, say, mechanical engineering, doesn't letting you graduate demonstrate just what a shit hole your alma mater is?

    Have you always been a clueless, self-absorbed twat? Have you ever ventured so far as to pick up a newspaper or summat so you could learn about the real world?

    Really, as you are, now, what worth are you to the world? All you're really doing is consuming oxygen that someone in need could actually use

    All your prancing about in women's clothes, in front of complete strangers; all your bragging about how much you spend on this and that; all of the insipid questions you pose for which you have no ability to even think of possible answers; all of that time you spent sucking down government aid money while living off your mommy's tit; all of that time you spent beating your mom as practice for assaulting innocent strangers......all of it shows that you offer zero to society as it exists today. Hell, self respecting men of the South Pacific wouldn't even have you as their little fafaine, let alone as the dirt underneath their shoes. And if someone won't even stoop to having you as the dirt underneath their shoes, well, then you really aren't worth shit, are you?
     
  3. sogood

    sogood New Member

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    I suspect it's time to sell a few of those CF/DA/Record/Red bikes. :D
     
  4. TheDarkLord

    TheDarkLord New Member

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    If he gets the full value that he boasts here, he can fund a years worth of tuition (without taking into account living expenses) with it.
     
  5. limerickman

    limerickman Moderator

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    In the U.K. there has been a lot of coverage of this issue :

    Before the credit crunch, banks/financial institutions were offering students loans to maintain "their lifestyle".
    In other words they could borrow money today for discretionary spending, and start repaying the money owed when they graduated and got a job.

    Other loans for course fees were also offered/course material were offered too.

    A lot of university graduates do leave university in debt.
    Some have debts as high as £10k.
     
  6. kdelong

    kdelong Well-Known Member

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    Here in the US it is the credit card companies that have invaded the college campuses. They issue cards to anyone with a college ID card. Many of these newly independent students spend to their heart's desire until the first bill comes. I know of three students who each have over $10,000 in credit card debt on top of their student loans. They work their tails off just to make the minimum payments on each loan and will still be in debt well after graduation. While many credit card companies are above board and only issue cards to someone who has already demonstrated fiscal responsibility, there are some who want to get their hooks into our children as early as possible so as to hang on and suck on their income for as long as possible. I know, the students have only themselves to blame, but their should be some sort of regulation on student credit cards, maybe like a rather low limit on the card until they graduate.
     
  7. JTE83

    JTE83 Member

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    Any student who can't handle a credit card responsibly is an idiot! I got my first one in college too and I didn't spend myself in debt. Alway paid in full and never carried a balance.

    I was lucky, my parents paid my entire college bill + gave me allowance!

    I think there might be less college graduates in the future because of the extremely high cost!
     
  8. kdelong

    kdelong Well-Known Member

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    There are quite a few new on-line colleges and community colleges springing up that will take some of the pressure off. The only thing that you really need to check is to ensure that these colleges are accredited. I have an aquaintance who received a 4-year degree in one year using the CLEP Program. I don't know all the specifics except that it is, or was, a testing program where you could study a subject on your own and then take a test. If you passed the test you received credit for the course. She says that it is accredited through the New York Board of Regents.
     
  9. alienator

    alienator Well-Known Member

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    Education loans, in the US, is not an issue. Well, there isn't a shortage of loans available to students. Undergraduates can borrow up to around $40k in guaranteed loans over the course of their undergraduate career. Graduate students have no upper limit on guaranteed loans over the course of their graduate career, but they are limited in the amount for each year. The interest rates on these loans are smallish, but a large segment of the student population requires a healthy set of loans to pay for a degree.

    The real problem in financing US college education is the dearth of other significant financial aid and the its effect on middle class students. Government grants and loan caps have not increased with the cost of living, so it's quite easy for a middle class undergraduate to max out on loans before his or her degree is even done. The lack of grants and the minimal value of grants forces middle class students into greater loans.

    At the same time, support of public universities in the US is embarrassingly underwhelming. Of course, that's not surprising at all since the vast majority of Americans lack the ability or the will to view anything in the long term. As such, education, in the US, is not seen as the solution to anything. That's likely why the US is falling behind in scientific discovery while other nations pull ahead. We are really good, though, at producing hand guns, smart bombs, and SUVs. The next decade is likely to see China, Europe (ESA), and at least Japan become equal to the US in space activities and capabilities, and some of those programs might well surpass US abilities. Such has already happened in aerospace as well as other fields. In the US, little value is placed on studying math, engineering, or science. It's much more important to study business management or marketing because the gods know you just can't have to many grads in those fields. :rolleyes: Other countries are increasing the numbers of science, math, and engineering graduates, while the US shortfall in these fields increases. The only interest the US has in technical matters is in how they might improve our ability to wage war or to build really boss cars.

    There is a huge disconnect in American society wherein Americans just don't associate good education with a healthy society. Despite the fact that figures show that highly educated societies are more prosperous, happy, healthy, and have lower crime rates, Americans just can't wrap their World's Only Remaining Superpower brains around the idea that investing, as a society, in education might actually be good.

    We're reaping what we've sown.
     
  10. alienator

    alienator Well-Known Member

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    Online colleges and universities are making access to higher education easier, but the vast majority of online offerings have zero to do with science, math, and engineering, so in that light, online colleges and universities are to higher education what Twinkies are to the fight against hunger.
     
  11. Bro Deal

    Bro Deal New Member

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    10K pounds = $20K

    I think around 30% of undergrads graduate with $25K in debt in the U.S.. Go for something like law and leave with $150K in debt when combined with your undergrad costs.
     
  12. Bro Deal

    Bro Deal New Member

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    I think it is. The easy availability of loans has created an industry to take advantage of it. Costs have also increased costs at existing universities because the students don't immediately feel the increased costs when it is deferred until after graduation.

    At the low end most of the private schools that advertise on cable TV are pretty much scams designed to stick their students with debt while providing largely useless training and schooling. Even at the high end crappy law schools churn out 40K grads every year to compete for 10K jobs while deceiving them about the amount of money they will make.

    I don't know what the solution is, but, much like U.S. healthcare, the free market does not operate very well in the U.S. higher education system.
     
  13. JTE83

    JTE83 Member

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    Foreign countries are sometimes worse. Phillippine Eng graduates end up being factory workers! Fast food joints require workers with some college!

    My italian roomate said you need a Master's or PHD to become employable, a BS degree is not enough in Italy!
     
  14. saintsfan342000

    saintsfan342000 New Member

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    Dude you are an asshole...a straight-up, certified, documented, card-carrying twat. Go see a therapist.
     
  15. alienator

    alienator Well-Known Member

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    Eh? You should get an internet diagnosis license or summat. You'll notice I'm not that asswipe that started the questioning about how much everyone is in debt. I wasn't the one concerned with how many dollar signs are associated with every aspect of everyone else's life.

    But, since you brought up assholes, you do talk like a large, wornout gaping asshole yourself. Alas, your advice and your opinions are ever so valuable, so I'll be sure to give them all the credence their worth. Really. Honestly.

    Maybe when you've read more than two or three posts and maybe when you've actually interacted with humans in real life, your opinion might be worth more......alas, it seems you're unlikely to get to that point.

    In the future, I'll be more careful to say things you like, peaches.
     
  16. saintsfan342000

    saintsfan342000 New Member

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    Sounds to me like you might be the one who is having trouble getting a "woman is going to want to fuck you".

    Hahaha...you're hopeless.:)
     
  17. scuppy

    scuppy New Member

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    My first year (1988) of uni, the fees were about $200 total (BE Computer Eng). The next year in Australia, a new fee system came in and they went up to a few thousand. I think of my early education as the halcyion days of public education in Australia. Same for public health care.
     
  18. Powerful Pete

    Powerful Pete New Member

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    That is not completely accurate. The Italian University system is not really comparable to the US one. Traditionally we have had only two degrees - the laurea (a cross between a bachelor's and masters) and the doctorate (PhD).

    The Bachelor's degree ('laurea corta' or 3 year degree) was introduced as a reform relatively recently in Italy... but never really supported by the University system nor the private sector hiring graduates - both groups continued to support graduates from the 'regular' degree programmes as well as postgraduate degree courses.

    So the short degree programme was born an orphan and always considered something of a 'loser' degree - what people pursued if they were not up to the full degree course.
     
  19. limerickman

    limerickman Moderator

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    Interesting.

    There drift away from engineering/mathematics/sciences is also happening over here (Ireland).

    Young people leaving secondary school (high school) are opting for courses
    centred on arts (english/history/languages) and accountancy/economics : simply because the view is that the entry points levels for engineering/mathematics/sciences faculties are far too high and that careers in financial services sector are better paid.
    (we pride ourselves here on the perception that irish educational standards are nearly the highest in the world - that's what we're told).
    This drift toward getting an education - to get a job - means that we have fewer engineers and thus we have to recruit qualified/experienced engineers from abroad.
    That would be unheard of 20 years ago for example.

    Education today appears to me to be, "educate me for a job", over here.

    I take your point about the USA.
    Back in the 1950/60/70's America technology was preeminent : think of the space programme for example.
    The advances in US-based technology was so far ahead of the world then, that the USA really did enjoy an advantage.
    I think that advantage has been negated somewhat.
    Part of it is probably down to your explanation about the lack of investment in education - and part of it is probably down to the fact that many countries now regard real investment in education as being essential.
    And I do think that it is essential.
     
  20. jhuskey

    jhuskey Moderator

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    Correct me if I am way off on this Pete, but don't you have schools that are more closly related to our "trade schools" where by an individual that is not deem appropriate for an academic degree can get an education in a technical profession.
     
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