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16 Shocking Facts About Student Debt And The Great College Education Scam
business insider ^ | Dec. 26, 2010, 12:44 PM | Michael Snyder

Posted on 12/26/2010 8:46:04 PM PST by Flavius

As you read this, there are over 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation across the United States. Many of these institutions of higher learning are now charging $20,000, $30,000 or even $40,000 a year for tuition and fees. That does not even count living expenses. Today it is 400% more expensive to go to college in the United States than it was just 30 years ago.

Read more: http://www.businessinsider.com/facts-about-student-loan-debt-2010-12##ixzz19C0sagpR

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: college; educationfunding; highereducation; war
Navigation: use the links below to view more comments.
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1 posted on 12/26/2010 8:46:08 PM PST by Flavius
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To: Flavius

It is much more than four hundred precent.


2 posted on 12/26/2010 8:51:00 PM PST by org.whodat
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To: Flavius
took me over ten years to pay off my loan...
3 posted on 12/26/2010 8:57:35 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Flavius
It really is a crime. Especially since for most professions, formal collage is a waste of time. A good technical education is what is actually required.
4 posted on 12/26/2010 9:00:21 PM PST by WHBates
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To: Flavius

Yes, just their own greed, self indulence in the name of education is destroying these colleges and universities!


5 posted on 12/26/2010 9:02:05 PM PST by LetMarch (If a man knows the right way to live, and does not live it, there is no greater coward. (Anonymous)
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To: Flavius

The comments after the article get pretty foul in a hurry. One bozo claims that the “Yanks” are “F****d up”. I think we need to pay this punk a li’l “visit”...;)


6 posted on 12/26/2010 9:03:10 PM PST by Frank_2001
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To: Flavius
The colleges run on federal government money..
Cut the federal government education programs and you cut much liberalism off at the knees..
Liberalism runs on other peoples money..
7 posted on 12/26/2010 9:04:32 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: WHBates

good thing we are not in charge of sun coming up every day


8 posted on 12/26/2010 9:04:43 PM PST by Flavius (A)
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The three big ticket items: college, health care, and housing. Banksters are still scheming how to get peasants to take out loans for food and water.


9 posted on 12/26/2010 9:05:20 PM PST by Milhous (Lev 19:18 Love your neighbor as yourself.)
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To: Flavius

Most of the shocking facts aren’t so shocking; or even very interesting. They certainly aren’t worth 16 clicks.


10 posted on 12/26/2010 9:10:23 PM PST by Minn
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To: org.whodat

College Tuition in 1964 for Boston College $465/semester.

College Tuition in 2010 for Boston College $30,950/Year.

Do the math. It’s pretty typical, I think.

And these days, many MANY students require an extra year because they were feeling good about themselves and “studying abroad.”

In the good old days we studied a broad and felt pretty good and finished in four years.


11 posted on 12/26/2010 9:18:40 PM PST by jessduntno ("'How fortunate for governments that the people they administer don't think." - Adolph Hitler)
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To: WHBates
It really is a crime. Especially since for most professions, formal college is a waste of time.

I work at a big company. Our HR department has a standing policy - they only consider a candidate's college education if they have been working for less that ten years. If they have been working ten years or more, they only care about their past job performance. Period. Too many colleges are getting rich by taking college loan money and telling kids that they will not amount to anything without a degree. Myself and dozens of my colleagues are living proof that they are wrong. The only thing that matters is success in real life. I work with some people who barely graduated from high school. But they are our top sellers, or our best engineers, etc. No one asks about their college transcripts. If they are producing, that's all that matters. Did Don Draper in Mad Men go to college?! Hell no. But he was the most creative ad man on Madison Avenue. And the same applies today.

12 posted on 12/26/2010 9:29:27 PM PST by ExtremeUnction
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To: WHBates
It really is a crime. Especially since for most professions, formal college is a waste of time.

I work at a big company. Our HR department has a standing policy - they only consider a candidate's college education if they have been working for less that ten years. If they have been working ten years or more, they only care about their past job performance. Period. Too many colleges are getting rich by taking college loan money and telling kids that they will not amount to anything without a degree. Myself and dozens of my colleagues are living proof that they are wrong. The only thing that matters is success in real life. I work with some people who barely graduated from high school. But they are our top sellers, or our best engineers, etc. No one asks about their college transcripts. If they are producing, that's all that matters. Did Don Draper in Mad Men go to college?! Hell no. But he was the most creative ad man on Madison Avenue. And the same applies today.

13 posted on 12/26/2010 9:29:37 PM PST by ExtremeUnction
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To: Flavius
A lot of students would do well to consider options such as community colleges. In the interest of full disclosure, I do teach at one.

Our courses are required to be the equal of the same courses taught at bigger state schools. Our tuition is considerably lower, class sizes are smaller, and no courses are taught by graduate assistants (at least, not where I teach).

You won't get the football team nor sororities/fraternities, but you can get a decent education. We have some vocational/technical courses, as well.

I would encourage anyone considering college to look at the community colleges, and to consider taking every possible course at that level, using as little borrowed money as possible.

14 posted on 12/26/2010 9:30:41 PM PST by susannah59
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To: WHBates
formal collage is a waste of time

How can anyone argue with that? :)

15 posted on 12/26/2010 9:35:37 PM PST by spodefly (This is my tag line. There are many like it, but this one is mine.)
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To: Flavius

i don’t know how humanity has made it this far.


16 posted on 12/26/2010 9:42:11 PM PST by AlmaKing
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To: org.whodat
We have two kids in school. Our daughter was born deaf, her tuition/rm & bd is paid for; which is better than her being on SSN her entire life.

We pay a monthly bill of 1500 (tuition management) covers tuition & rm & bd at UAF and we give him 500/month extra. $2000/month is as cheap as I can find with no loans taken out and no financial aid available. That degree is something every kid needs to have when they start out and they need to complete it when they are young. At least I have the peace of mind knowing he won't be in debt when he gets out.

When I went to PSU many years back, per semester was around 3500, now 9000; close enough to 400%. Anyway you look at it, a wise investment.

17 posted on 12/26/2010 9:44:30 PM PST by Eska
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To: WHBates
"It really is a crime"

I don't see any crime. Nobody is forcing these kids, most of whom spend their first 3 semesters in "catch-up" courses, to take out these loans.

Most people are not suited for college. They just aren't smart enough. However, somehow they get admitted.

There USED to be real standards, now all you need is a GED and a loan.

Most of these kids would be better off taking remedial course at the local CC and getting a job. Well, unless they want to be a teacher. A teaching degree is little more than a HS diploma.

18 posted on 12/26/2010 9:50:17 PM PST by Mariner (USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
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To: Flavius
It's a shame really, good people paying upwards of $80,000 to have their children brainwashed with liberal doctrine.

Unless you are going to college to learn a specific profession (i.e. law, medicine, engineering), it is a total waste of money.

I know a poor sap that raised two daughters and almost went bankrupt sending them to the best colleges, spending well into six figures. After college, they both got married setting him back tens of thousands of dollars more.

One of the daughters got divorced and has moved back into his house with her two kids. He and his wife are pretty much locked into supporting them for years to come, putting their lives on hold. The other daughter did a little better, marrying a man with a decent job, but she never worked either - that college degree a waste of money for her as well.

When my two sons were growing up, people used to always tell me to put away a bunch of money for their college but I never listened to them. No way was I going to spend a small fortune subsidizing their keg parties and slacker lifestyles. My kids were going to have to earn their way into college.

My strategy worked. My youngest son is in his third year of college studying engineering at a state university. So far he has not had to take out any loans, he has paid half the tuition on scholarships and his own savings and pays for his own books with his part time job. My wife and I pick up the other half of the tuition but we pay as we go - after all it's a state college and tuition is reasonable. Also, he lives with us and commutes - no dorm life for him.

My oldest son decided to pursue a career in computer networking so he went to a Technical School instead of a college. He'll soon be making more money than most college grads.

19 posted on 12/26/2010 9:52:39 PM PST by SamAdams76
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To: org.whodat
When I was an undergraduate at UCLA in 1966, Student union fee was $50.00 dollars, average cost of books was $50.00 at most. No tuition for instate students!
It is a total crime what is happening today!
University Education complex (including banks, professors, and all administrators are involved in a criminal enterprise to enrich themselves at the expense of students and the public!
A deeper look will reveal that commie operatives and fellow travelers have spearheaded this successful effort to rob American populace of an educated class successful! And Yes I know that Nixon is the one who allowed banks to get involved in student loans, and laid the foundation of what is happening today!
20 posted on 12/26/2010 9:56:07 PM PST by J Edgar
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To: Mariner
"I don't see any crime. Nobody is forcing these kids, most of whom spend their first 3 semesters in "catch-up" courses, to take out these loans.

Well I disagree,look at almost any job listing government or industry and you will see a degree requirement, and for most of the jobs it is a silly requirement. I didn't say training wasn't necessary BTW.

21 posted on 12/26/2010 10:11:16 PM PST by WHBates
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To: org.whodat

State colleges in Tennessee have gone up over 400% in the last 20 years alone. I went to school from ‘91-’96 and borrowed a little over $10,000 for all four years (that was for tuition, books, AND gas for my car. Now tuition and books alone will cost you $8000 per semester.


22 posted on 12/26/2010 10:37:43 PM PST by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: J Edgar

Todays college/university costs are unconsciencable. When I went to U of Cal ,Berkeley after WWII (it was a top world U,especially in my field and still is) my tuition as an out of state student was $300 + a semester with a $50-$60 student fee. G.I. bill paid this. When I see corresponding costs today into multiple thousands, I become very thankfull that at my time education was prime not dollars even though I’m sure some of the money today is very needed for worthwhile education.


23 posted on 12/26/2010 10:42:08 PM PST by noinfringers2
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Problem is most companies require a college education. My day job is in automation. I have done that for 18 years now, and by education I’m a mechanical engineer. When I first started, automation was fairly new, and a very large amount of people doing it were electricians that had a talent for it. My old boss wasn’t even an electrician but had a talent for it, and he ended up becoming the engineering manager for a large fortune 500 company..he was neither an engineer, nor even a college graduate. In our group there were about as many people without engineering degrees, as with. However, today, nobody will even be considered for a job in the automation department unless they have an engineering degree. I will tell you what, I would rather take an electrician with the aptitude and desire and train them, than 95% of new college graduates (even engineers)....and ironically, some colleges even offer degrees in process controls now, and those are always the worst possible people to hire..no imagination, or common sense


24 posted on 12/26/2010 10:46:06 PM PST by dsrtsage (One half of all people have below average IQ...In the US the number is 54%)
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To: Flavius

Just more social engineering by our government. The liberals think everyone should go to college. They’re about to give us another bubble burst.

Demos should change their party name to the “Bubble Burst Party” because they’re ultimately responsible for every one of them.


25 posted on 12/26/2010 10:47:47 PM PST by boycott (CAL)
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To: Mariner

I think, back when you could do these studies without being called a racist, you needed an IQ of about 110 to be able to get through college and and IQ of about 118 to get through Medical school. As I recollect only about 16% of the population has an IQ over 110. 64% fall between 90 and 110, then the curve falls off pretty steeply. Only 16% above 110 and 2% over 120. The average IQ of a physician was around 118 -124 depending on schools and region.

Being able to do non-decimal fractions in your head was sort of a marker for having a 100 IQ. The average IQ in the USA is currently estimated to be 96. I think around WWll it was around 102 depending upon the region of the country.

These numbers all predate the modern affirmative action era.


26 posted on 12/26/2010 10:57:27 PM PST by TxDas (This above all, to thine ownself be true.)
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To: Mariner

I don’t see any crime. Nobody is forcing these kids, most of whom spend their first 3 semesters in “catch-up” courses, to take out these loans.


It should be a CRIME.

Colleges and universities feel they have a BLANK CHECK because anyone with an IQ above 11 can get into some sort of “college.” They can afford it because government will provide them with more than enough taxpayer money to go — grants and loans.

A lot of these folks shouldn’t be attending college. They are lured there with the false promise of a better future. COLLEGE IS A BIG BUSINE$$.

Politicians aren’t going to cut funds for students. It would be too costly for them so colleges and universities will continue to go up every year regardless if they need it or not.

Also, there are a lot of fraud schools that are more than happy to take taxpayer money from the sucker that signed up for the “online university” scam degree.

Most kids would be better off going to trade school learning a vocation they can get a job with.


27 posted on 12/26/2010 11:01:39 PM PST by boycott (CAL)
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To: spodefly; WHBates

Ha ha ha!


28 posted on 12/26/2010 11:17:18 PM PST by ctdonath2 (Great children's books - http://www.UsborneBooksGA.com)
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To: jessduntno

30-40K for a top tier school is an outrage. We need to cut the salaries of the professors and limit what schools can charge, and what courses the students are allowed to take. Hey, if it’s good enough for Obamacare. It’s GOT to be good for the schools.


29 posted on 12/26/2010 11:38:17 PM PST by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: TxDas

It is interesting that you mention the IQ test.

That was basically outlawed in the seventies. I remember my mom telling stories about the IQ test at the company she worked at for at least seven years putting Dad through college. She tested higher than their engineers. When she left that company it took four people to do her job. They never paid her anywhere near that much!!!

Anyway, that old IQ test was a proxy for the college degree.

Guess what? Now the left has made a whole industry based on required indoctrination just to get a job. All because we can’t “discriminate” based on how smart you are.

The left has created a hell hole for education and the younger adults who will be creamed by all of this.


30 posted on 12/27/2010 12:01:19 AM PST by TruthConquers (Delendae sunt publicae scholae)
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To: TruthConquers

>>The left has created a hell hole for education and the younger adults who will be creamed by all of this.

I’m surprised that no one has mentioned (unless I missed it) that student loan debt cannot be discharged in a bankruptcy. These kids taking on huge student loan debt to get questionable degrees in areas that don’t pay much money are going to get creamed by becoming de facto indentured servants to those who gave them their student loans. These days, that entity would be the U.S. government, since the Dems just cut out private issuers.


31 posted on 12/27/2010 12:39:31 AM PST by FreedomPoster (Islam delenda est.)
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To: FreedomPoster

That is true. It should be mentioned...

I have a daughter that is finishing up homeschool high school. She has a creative bent, and has been training for ballet for years. She has run into the “not anorexic enough” glass ceiling and has been training with a modern dance company. Everyone in that company, members, trainees to apprentices, are all college graduates.

She knows full well that we won’t be paying for a dance degree. And no student loans. I figure that she can go to the local JC and get her GE courses done while she decides what she might want to do.

Her generation will be severely impacted with costs for an education that will NOT be matched with a reasonable job market to pay those loans back.

IT IS A CRIME WHAT THE LEFT HAS DONE TO EDUCATION.


32 posted on 12/27/2010 12:55:32 AM PST by TruthConquers (Delendae sunt publicae scholae)
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To: jessduntno

In cleaning out some boxes I found my old grade-school stuff. Mom had my receipt for my braces (upper teeth only) from 1973 I suppose. Was $600.

I think my kids (just finishing up with braces) it is about $6000 per kid!


33 posted on 12/27/2010 1:03:55 AM PST by 21twelve ( You can go from boom to bust, from dreams to a bowl of dust ... another lost generation.)
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To: TruthConquers

There is a difference between education and academics.

Education is a training of the mind in “how to think”, while academics is a study of thoughts.

From a theological perspective, we all need education. We might use academics to learn from past experience, so as to avoid mistaken ideas in our practice. In that context, a college training can provide outstanding academics and in some cases, that academia is useful in furthering our education.

Nearly, if not all the Ivy League schools were originally founded based upon promoting theological studies as a mechanism to further education, or “how to think”. Today those same institutions have removed themselves from even believing about God, drifted only into academia as a counterfeit substitute for education, and now are challenged to even compete academically.


34 posted on 12/27/2010 1:07:51 AM PST by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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To: TruthConquers

Interesting.

There is no compelling reason I can think of that a dance troupe member would have to have a college degree.

We are long past time for a rational, dispassionate re-thinking of our entire education system, from top to bottom.


35 posted on 12/27/2010 1:11:03 AM PST by FreedomPoster (Islam delenda est.)
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To: Cvengr

The remarks you make about education and learning “how to think” is why I homeschooled my daughter. She got a basic Classical education. I started out with “The Well Trained Mind.” She has also taken online college classes with the college founded by the Homeschooling Legal Defense Association, Patrick Henry. Christ centered college level courses are very important to me.

The public schools all the way to colleges actually DISCOURAGE critical thinking skills. Another reason to look for alternative routes that bypass colleges today.


36 posted on 12/27/2010 1:40:45 AM PST by TruthConquers (Delendae sunt publicae scholae)
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To: TruthConquers

I remember an etymology on the word “education” and how it was traceable back to the Hebrew nation in exile, seeking to train their younger generations how to think, in order to have life with God.

The same intent drove the establishment of most colleges in the Americas prior to the US. Theological training frequently sought to establish academic institutions to learn Greek, Hebrew, and Latin, to better study the Bible and learn His Word academically. The focus on those studies was to better hone their skills in furthering their education or “how to think” in fellowship with God, by what He provided.


37 posted on 12/27/2010 1:46:59 AM PST by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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To: FreedomPoster

I find it most annoying.

Last year my daughter did a performance with the director of this company. It was combined with three different “schools.” She had the leading role in “Sleeping Beauty.” The biggest mystery was who was going to be her “prince.”

The director finally picked out a company member. There were guys at the college she taught at who want the role, but she decided that they weren’t advanced enough for her. The member she was partnered with is currently doing “Wicked”. Yet, we know of another dancer who is not yet a company member who is taking college classes that the director teaches at. It makes me mad. She has no desire to go to that paritcular college. Yet she loves this particular director and her style of modern dance. Sigh.

There is no reason for the encouragement of these young people to get dance degrees just to be able to get a position in a modern dance company. None at all.


38 posted on 12/27/2010 1:50:45 AM PST by TruthConquers (Delendae sunt publicae scholae)
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To: susannah59

Many colleges are getting wise to doing your rhetoric at community college.

My neighbor was telling me that his daughter was going to do that, get all the rhetoric and basic classes out of the way, but found that almost no colleges will now accept those classes.

They want ALL yer money, and are giving kids a real hard time when they go to finish their grad work, by making them retake all the basic stuff, or so he was telling me.


39 posted on 12/27/2010 1:53:52 AM PST by esoxmagnum
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To: spodefly
formal collage is a waste of time

I much prefer an informal collage.

40 posted on 12/27/2010 2:02:02 AM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government.)
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To: boop

“We need to cut the salaries of the professors and limit what schools can charge, and what courses the students are allowed to take.”

I assume you are being sarcastic. You don’t really think that do you?


41 posted on 12/27/2010 2:18:16 AM PST by cowtowney
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To: Flavius

Easy solution: stop subsidizing colleges w taxpayer money. The pricing model will adjust quickly


42 posted on 12/27/2010 2:20:05 AM PST by cowtowney
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To: AlmaKing

It’s called credit

Now the bill is due


43 posted on 12/27/2010 3:12:45 AM PST by Flavius (A)
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To: jessduntno

Many students in my father’s generation and in mine studied abroad. In his generation, it was in places like Guadalcanal, the Philippines, Italy, Normandy, and Korea. In mine it was Vietnam, Lebanon, Africa and Honduras. We learned discipline, fitness, marksmanship, navigation, languages, public health and above all, leadership.


44 posted on 12/27/2010 3:25:27 AM PST by CholeraJoe (Eat moer DUCK! War Eagle!!!!)
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To: SamAdams76

“so he went to a Technical School instead of a college. He’ll soon be making more money than most college grads.”

Same here......

No College degree, but sharp as a tack. Saving hundreds of thousands of lives & making big bucks.


45 posted on 12/27/2010 3:45:44 AM PST by LiveFreeOrDie2001 (Best Cook on Free Republic! ;-))
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To: boycott

I’ve got two sons in college.

One is the product of a liberal undergrad education, has spent the last 6 years studying all over the world, can’t find a job because he has a worthless Masters degree in cultural studies, and is hundreds of thousands of dollars in debt because Sallie Mae has, since he was 19, continued year after year after year, to give him private student loans knowingly WITHOUT a required co-signer. His only chance at successful repayment may be to incur MORE debt by getting his Doctorate in a marketable field. On a positive note, at least he didn’t accept the untold number of credit cards that were thrown at him when he first entered school.

The other son who I never thought would go to college is now 27 and is attending Phoenix, on-line, for a bachelors in Criminal Justice. He will have only Stafford loans to re-pay, but after only one year of study has already begun working in his field.


46 posted on 12/27/2010 3:47:01 AM PST by Kimberly GG ("Path to Citizenship" Amnesty candidates will NOT get my vote! ~ DeMint, 2012)
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To: dsrtsage

Sounds like my father talking.
He was a tool & die maker when pulled over to the engineering side back in the late 50s. Within a few years he had his own department. When the company was taken over by Textron he became a corporate trouble shooter for assembly lines, the job included numerous moves. His major complaint was the “collage educated idiots” with engineering degrees he had to work with.


47 posted on 12/27/2010 4:28:27 AM PST by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
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To: Flavius

Just wait, it will get worse. With the government taking over the student loan program, it will turn into another “wealth redistribution” program, with the favored minorities getting their loans forgiven, and the “rich” white people making up the difference.


48 posted on 12/27/2010 4:35:33 AM PST by tacticalogic
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To: Flavius

I graduated from High School in 1960, I wouldnt have dreamed of borrowing thousands of dollars to go to college.

Todays credit card economy and easy loans have teught young people that debt is a part of their lives. They have no aversion to owing money.

I have livd a decent life raised two kids sent one of them to college, (Community college), own my own home and don’t owe a penny to anyone.

Kids coming out of college owing a hundred thousand dollars to the government with no promise of getting a job, and no jobs to be had. Man, something is screwed up.


49 posted on 12/27/2010 4:43:39 AM PST by Venturer
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To: spodefly

lol - I spell words wrong all the time, am too lazy to hit the spell check button, but well edumacated ...


50 posted on 12/27/2010 4:47:03 AM PST by Scythian
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