Student Loan Interest rates are they "Criminal?"

[Snatch Napkin]

Cliff notes - Gov program is needed (and a little free market competition would help,) but seems like rates are screw job.

NOOOOO!!!!

Simple. More and More people want to go to college and are willing to pay the price to do. It is a business. They have not seen a decline in application due to rising prices so why stop now?

Precisely.


Sure, there are more people going into debt, but there is also a higher number of successful, skilled people for the workforce that understand how to get rid of said debt.

[mustangguy289]

NOOOOO!!!!



Precisely.


Sure, there are more people going into debt, but there is also a higher number of successful, skilled people for the workforce that understand how to get rid of said debt.

My degree has been worth it to me since the day I graduated. Hell, it was making me decent money as an intern while I was completing it. I have not once regretted the debt it took to get me where I am at now. Sure I would have loved to graduate debt free....but I do not regret it. I also am responsible enough to get it paid off in a reasonable amount of time without killing myself to do so.

[John -- '02 HAWK]

That's just it, UoP and places like trade schools are accredited, by an accrediting board set up by the trade school industry, so you'd end up having to make a governmental accrediting board.

I had to look up UoPs accrediation, because I had always heard it was unaccreredited. Only certain UoP programs are accredited not the entire school

but anyway if a school is accredited than there is some manner of controlling them already all that has to be done is to enforce the accreditation standards to an acceptable level, such as whats already done with graduation rates.

[Forever_frost]

Even the cheapest(public) Universities are 3,500 to 4k per semester, without books, room and board. Then their is this pesky little problem of eating and putting clothes on your back.

Unless you have invested in "Texas tomorrow" fund or "EE Bonds", or just filthy rich (parents that is). You will have to procure money for college. I am not talking about worthless correspondence degree mills. A honest to God University. (UNT,UT,A&M etc....) There are a lot of good schools in Texas. College is expensive. Nothing wrong with borrowing funds for this.

I say do what it takes to get the skin on the wall. You will never regret it. In addition, you will out earn your peers without a degree exponentially every year. Being a Phoenix is not what I am talking about.

Umm, A&M Commerce is 2k full load

[Forever_frost]

Problem is, people who really shouldn't go to college, go. That inflates demand because you have so many warm bodies that have been convinced that you graduate school and then go to college despite they suck at school and will be working in jobs that wont' require it.

Supply and demand.

[Snatch Napkin]

Just spitballing here, but would an increase in vocational schools to take some of the supply down a notch help or hurt the situation?

[Treasure Chest]

Problem is, people who really shouldn't go to college, go. That inflates demand because you have so many warm bodies that have been convinced that you graduate school and then go to college despite they suck at school and will be working in jobs that wont' require it.

Supply and demand.

You mean I can't do anything with a degree in Women's Studies???

[Forever_frost]

You mean I can't do anything with a degree in Women's Studies???

Of course you can. Teaching Women's Studies to more idiots who think the degree with do something. It's right up there with art history and band.

[Jester]

You mean I can't do anything with a degree in Women's Studies???

You can make me another Grande Americano with 3 raw sugars!

[racrguy]

I had to look up UoPs accrediation, because I had always heard it was unaccreredited. Only certain UoP programs are accredited not the entire school

That's the same thing with ANY college. Yale has a Divinity program, would you put it in the same league as one of their science, music, or literature programs?

Side note: After searching Yale's divinity school website, I can find no accreditation information on that particular school.

but anyway if a school is accredited than there is some manner of controlling them already all that has to be done is to enforce the accreditation standards to an acceptable level, such as whats already done with graduation rates.

Don't you think it's a bit odd that the education segment those types of schools fit into have their own accrediting boards, apart from standard university accrediting bodies?

[Forever_frost]

Just spitballing here, but would an increase in vocational schools to take some of the supply down a notch help or hurt the situation?

I'm of the belief that at 16 you should have the option of graduating as you do now, or entering a trade for the next 2 years. You'd take people with no skills and bad grades and teach them something that would get them started

[jw33]

[CJ]

Don't borrow money on education, grind that shit out on your dime.

[lowthreeohz]

Don't borrow money on education, grind that shit out on your dime.

Yeah. The few dollars u save on interest will be made up over the years of holding down unskilled jobs that don't require a degree.

[CJ]

Yeah. The few dollars u save on interest will be made up over the years of holding down unskilled jobs that don't require a degree.

I have no debt and I paid for my school while working. I've done well. That exact kind of attitude is why people are buried in shit, and can't get jobs because they acquired education without any work experience. If you have the drive and motivation you can do both. Many people on here have done it. As for the few dollars, I guess your education didn't include finance. I look at resumes all day long of people trying to get a job and I move onto the next one because they have zero work experience. Going to school for 4+ years out of highschool definitely worked in days past. However, in today's current economic climate, it's a mistake. I deal with people on a daily basis that are in financial ruin because of student loans. When I was in college, I had tons and tons of friends that were careless in their studies and squandered tens of thousands because they were not paying for it with their own money. It adds a level of respect and focus you just can't appreciate otherwise. Everyone has their own way of moving through life, I'm not saying mine is best, but I feel I'm considerably better off than many of my generation because of my choice to not borrow a few hundred grand for college.