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21 June 2022, 06:49 PM | #121 |
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21 June 2022, 08:01 PM | #122 | |
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Agree with many others here that universities are huge businesses with profit as their #1 motivation and education secondary. The only way for tuitions to come down is to no longer have govt guarantees. |
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21 June 2022, 08:09 PM | #123 | |
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21 June 2022, 08:54 PM | #124 |
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Sorry Brian. That would make too much sense.
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21 June 2022, 10:07 PM | #125 |
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I’m good with free Community College. Not 4 yr tho. Also the vast majority of student loans are under 20k. The large 6 figure amounts are a small number of doctors and lawyers. They should be able to pay it back.
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21 June 2022, 11:31 PM | #126 |
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For people with bleak prospects though, paying back $20K could be like trying to climb Everest without oxygen. Over time that can snowball into $50K.
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21 June 2022, 11:34 PM | #127 |
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You’re absolutely 100% correct. I wasn’t defending or sympathizing with them. I was simply trying to illustrate that, in our current environment, debt hurts more (numerically) than it helps.
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21 June 2022, 11:46 PM | #128 | |
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Purdue University has frozen tuition for 11 years and counting. My first salary as a new grad engineer with zero experience 20 years ago was enough to pay it all back and that is still true today. There are still good choices out there.
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21 June 2022, 11:59 PM | #129 |
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Good on Purdue. I believe Hopkins also revisited their tuition charges once they received a massive gift from Bloomberg. If you want the best and brightest, seems logical to lower the barriers to entry.
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22 June 2022, 12:00 AM | #130 |
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I’d like a refund for paying mine off then. F**** 8% interest on a federally backed loan and they wonder why I hate everyone in Washington lol
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22 June 2022, 12:28 AM | #131 | |
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end of the day, people need to lose salary for things to change. Law professors at top schools can make over 400k, guaranteed for life, while barely doing any work. Countless administrators make 6 figures for doing absolutely nothing. I know a guy who was sent to forced sensitivity training and had a hearing for “violently staring” at women — I kid you not. According to him he literally just looked at a chick wearing a low cut top. Probably all the Karens harassing him over this made 6 figures |
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22 June 2022, 12:44 AM | #132 |
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They are not wondering. They don’t care. Which is the problem. But, of course, I’ll leave it at that.
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22 June 2022, 03:16 AM | #133 |
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The rich ruleth over the poor; And the borrower is slave to the lender.
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22 June 2022, 03:57 AM | #134 |
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Another ‘option for those that want an education, but don’t want the loans.
Uncle Sam can pay for your college, of course all it requires in exchange from you is time(enlistment). I don’t agree with individuals voluntarily entering into these loans and now want them ‘forgiven’.
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22 June 2022, 03:24 PM | #135 | |
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I think broader public service programs for loan forgiveness would be a good idea. |
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22 June 2022, 10:34 PM | #136 | |
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Lol good point. As my sister in law says, C U Next Thursday. All of them.
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22 June 2022, 11:37 PM | #137 |
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I just cannot believe people are raising humans who grow up and think that taking out loans for an education should later be allowed to not pay it. You made an agreement to borrow money for said education and pay it back. Now its unfair? We are regressing as a society and its really sad to see.
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23 June 2022, 12:05 AM | #138 |
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But... but... their social media page shows happy days and good times.
Did you get the memo? Everyone gets a bailout. That's the lesson 'the market' has taught them.
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23 June 2022, 12:28 AM | #139 | |
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Unfortunately, free tuition leads to Mickey Mouse degrees and a dilution in quality all round (at least that's how it panned out here). Now, the whole model is busting and universities are going bankrupt because people have cottoned on to the fact that an undergraduate degree in basket-weaving from the University of Nowhere isn't actually worth anything in the real world. It's a mess. |
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23 June 2022, 12:30 AM | #140 | |
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23 June 2022, 12:49 AM | #141 | |
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If universities maintain their applicant standards and selection criteria, what does money have to do with the quality of the student? I understand the demand issue, but Mickey Mouse degrees? I’ve seen plenty of Mickey Mouse professionals with degrees, and professional designations … I guess they were paid for at least |
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23 June 2022, 12:56 AM | #142 | |
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The problem is old fashioned greed. For centuries universities took in the privileged few who could afford to pay (Oxford, Cambridge etc) but once tuition became free and applications skyrocketed they saw the ££££ signs and applicant standards went through the floor. One of the main reasons I left that profession is that I ended up teaching people who the university had let in who never, ever should have been degree students. In an ideal system you're right - they should maintain standards. But as others in here have said, universities nowadays put profit first and people second. |
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23 June 2022, 12:56 AM | #143 | |
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That's how I became legal after moving from Canada.
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23 June 2022, 03:11 AM | #144 |
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I am not sure of the full ruling here in England, but, as far as I know, students can take out loans for their tuition fees (It is a Government loan, I think). They only start paying that loan if they earn a set amount once they finish their education and get a job, if they never reach that amount, it gets written off after a certain period (30 years rings a bell but again, not sure).
You repay 9% of everything earned above £27,295 – earn less and you don't repay The above was taken from this great article. https://www.moneysavingexpert.com/st...-fees-changes/
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23 June 2022, 04:45 AM | #145 |
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I was brought up to live within my means, actually to live well within, and invest the rest. That’s what I’ve been doing for over 30 years now. A lesson I’ve passed on to my children. And, deferred gratification builds character and resilience.
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23 June 2022, 06:26 AM | #146 | |
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Problem is aggressive predatory leaders target easy money student loans to the point I feel there should be criminal negligence charges in some cases. Akin to NINJA loans, yet the SEC and banks got a free pass bailout due to government backstopping. This is what the market has taught many imho.
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23 June 2022, 06:39 AM | #147 |
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23 June 2022, 06:45 AM | #148 |
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Incredible cognitive dissonance talking down on those not financially well off – on a Rolex forum of all places. The world is going to be a better place once the boomers die off.
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23 June 2022, 06:58 AM | #149 | |
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Did you hear that Dave? And Larry? And Steve? We are all the scourge of existence, and everyone will be much better after we’re all dead. |
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23 June 2022, 07:02 AM | #150 | |
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Along the full spectrum of morality, (A) celebrating and hoping for the deaths of millions, has to be worse than (B) showing minimal sympathy for people with student loans. |
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