In-your-face stuff from an opinionated
rural north Idaho housewife.
There is a reasonable amount of debt to go into for college - and an unreasonable amount of debt. My total college costs were less than I make in 1 year as an engineer; while I was fortunate to not have to go into debt, it would have been eminently doable to pay off that entire amount had it been loans. On the other hand, I have seen examples college loans that are 8 or 10 times yearly salary post college; that is crazy!If a private bank would give you a loan for it, consider it - but if only the government will give the loan, don't do it!Chemechie
I have to agree (however grudgingly). My hubby and I racked up about $40K in student loans to put him through engineering school. Those loans are ancient history now, and he nets about $50K a year ten years into his career. And they WERE government loans (.gov being the only ones who would take a chance on a struggling student). He certainly struggled, between undiagnosed ADHD and being the first in his family to attempt college. For the first few years, there were major doubts that he'd make it through. Our decisions about his first job were made entirely on the basis of who would hire a new graduate with a C+ average. I was scared to death. Turns out my fears were happily groundless, and we would both have been better off had I spared us my anxieties about being in/racking up debt for all those years.Still. I'm advising all of my kids to plan to go to college on the "Get Scholarships and a Job or Three Plan," or take a much more open-minded look at trade school than any of their teachers are advising. I'm disgusted with a culture that treats a four-year degree, ANY four-year degree, like some kind of combination of a compulsory obligation, a statement of your human worth, a golden ticket, and a holy grail. It isn't.
Like Grandma used to say, 'You can't fix stupid'.The whole idea of government student loans is a non-starter. The central government is restricted by the US Constitution to just 21 responsibilities. Which of the 21 support federal student loans? Even more grievous, which one supports government role in schools period?Ask these questions of the vast majority of Americans, and you will be looking at 'deer in the headlights'. Ah, back to stuck on stupid.Montana Guy
My older granddaughter is in her last year in high school and looking forward to going to college. Her parents have been saving for her education since her infancy. She has saved gift money, baby sitting money, and job money. There is enough saved for her to attend a state college without debt or to attend the private school of her choice if she is willing to hold part time jobs during her college years. She also has tentative scholarship offers. For her college is a reasonable choice. For friends without her family's long-range planning and her work ethic it probably is an invitation to a huge debt burden. Too many high school students assume they can pay for college "somehow" and don't recognize the crushing burden debt can become when they enter the working world with low entry salaries or, even worse, a job that pays minimum wage for doing work that a high school drop-out could do just as well. To make matters worse most students except a life style equal to or better than their parents achieved after years of work.
I have been having this discussion with my two older children. I am working on getting them to think innovatively about their futures, that loading yourself down with debt before you even begin your career is quite often foolishness.
hi,from the article-'this is insane.'no, it isn't. it is purposed.if you pay the grocer but are not allowed to take the paid for groceries home, you call the police. you have been robbed.if you put in the work for, and deserve, a diploma, but are not handed it , you have been robbed.. by robber barons.students, you do not need a diploma to go to college.daughter started college, took the very simple G.E.D. and went right on.take the G.E.D but don't fill out those papers!start at your university affiliated junior college and transfer to U. when you are ready.another hint, take as many C.L.E.P. tests as allowed by your college, you can skip the intro crap, which is way below high school standards in most places, and get your teeth into interesting classes at the 200 and 300 levels.cleps are cheap, easy, and you get full credit for about 70$.a deal that can't be beat!
I got my BS during my 20 years in the Air Force. The AF paid tuition for each class I took (providing I got a C or above) and I paid for books and other things required. After my 20 years I used the GI Bill to get my MBA. The GI Bill paid a large percentage of the tuition for classes and I paid the rest. My loans were zero. Young people should consider getting their college while serving their country.
I went to College Of The Ozarks for 2 years before moving back home and getting married. All students are required to work on campus to pay their tuition throughout the year plus a couple weeks in the summer or winter break. Books are to be bought but there are scholarships for those. Enrollment is based on financial aid mostly but it is a wonderful school, more like a town with its own dairy, airport, fire station, restaurant and hotel . These are all jobs held by students plus many more. Im sure its not the only one of its kind. It is nicknamed "Hard Work U" and i left after 2 years completely debt free.
‘Working your way through college’ was common long ago. But this sounded different, and piqued my interest. According to the College of the Ozarks’ website, the cost of tuition is $18,100 annually of which $4,200 is paid by student work hours. Check my math but it appears that leave a balance of $13,900 due every year. They mention that “if students qualify”, government grants may cover the $13,900 every year. Yikes! That’s a lot of money to this old coot.As a citizen and taxpayer, don’t get me started on the Constitutional basis against the confiscation and redistribution of my hard earned money. And forgive me if I resent the fact that if I refuse to pay, it will ultimately be demanded with a gun pointed at my head. I guess such things as the US Constitution, personal responsibility, and moral ethics seem petty and old-fashioned to today’s youth. No wonder schools (and many parents) stopped teaching them.Students, if you have no problem with how your needs for my money take priority over mind, go ahead. Sign up for government aid. America, what a great country!Montana Guy
Thats right, i forgot about the grants- since it is "needs based" on enrollment priority, i was able to recieve grants as most of the students do, im sure some pay cash but student loans just arent a " thing" there. Its quite nice.