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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
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To: GlockThe Vote
"Colleges have turned into another madoffian part of our society in need of a collapse."

If you want a degree, go to college. If you want an education, go to the library.

That is what my Grandpa taught me and it has served me well.

61 posted on 12/27/2010 5:56:53 AM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: WHBates
formal collage is a waste of time.

Is this a joke?

62 posted on 12/27/2010 5:59:50 AM PST by HIDEK6
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To: DH
Touche. Please substitute "air."

"Banksters are still scheming how to get peasants to take out loans for water and air."
63 posted on 12/27/2010 6:07:49 AM PST by Milhous (Lev 19:18 Love your neighbor as yourself.)
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To: Flavius

I’ve been saying this for a few years now...

Trade schools


64 posted on 12/27/2010 6:17:30 AM PST by phockthis
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To: J Edgar

J. Edgar. I thought UC Berkeley was $55/semester in those years! And if you couldn’t afford that, the State colleges (now csalled Univertsities) were only $35 /semester and “Jr. Colleges” were FREE for the first 2 years. My husband (who was working and going to college at the same time) found that he had to go to summer school in order to get all his courses in in order to graduate in 1963. He didn’t have the mjoney for summer courswe. There was NO SUCH THING as college loands, but he found that he could take a personal loan from the Engineering Dept. to cover summer tuition and books. But the rule was that he could not receive his diploma until that loan was repaid. It was (in 6 mos.) and he received his degree on time and graduated without debt. We did the same with our 4 kids, paying as we went, and they all graduated without debt through a combination of work/study, schalarships, and parental support. Nobody drove fancy cars, but they all got out of school without crushing debt to repay.

Unlike Obama, however, they didn’t go to Colulmbia or Harvard. But, they are still fine people.


65 posted on 12/27/2010 6:17:40 AM PST by afraidfortherepublic
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To: HIDEK6

Well you caught it didn’t you?


66 posted on 12/27/2010 6:31:07 AM PST by WHBates
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To: Blood of Tyrants

Have you noticed how tuition has skyrocketed since the lottery scholarships? It’s my belief that the State colleges and universities are simply pricing college at what the market will bear. If most students are subsidized $1500 per semester, tuition pretty much has gone up by that amount. Instead of the lottery/Hope scholarships being a service to students to defray the cost of college, they are simply a means of funnelling more money into the universities (and to a lesser extent, community colleges) while the cost to the student remains unchanged.


67 posted on 12/27/2010 6:47:14 AM PST by TN4Liberty (My tagline disappeared so this is my new one.)
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To: afraidfortherepublic

“[Neil] Armstrong [the first man on the moon] began studying aerospace engineering at Purdue University ... He was also accepted to the Massachusetts Institute of Technology (MIT), but the only engineer he knew (who had attended MIT) dissuaded him from attending, telling Armstrong that it was not necessary to go all the way to Cambridge, Massachusetts for a good education.”


68 posted on 12/27/2010 7:00:00 AM PST by Milhous (Lev 19:18 Love your neighbor as yourself.)
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To: SamAdams76

I tell my children they have two choices. (A) They work their own way through higher learning or (B) Mom and Dad move in with them after they graduate, because we won’t be able to afford the tuition fees for five children.


69 posted on 12/27/2010 7:11:28 AM PST by HungarianGypsy
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To: Kimberly GG

I’ve seen 50+ year old students working on PHDs and the only job they can hopefully get is a teaching job at a university making $16K per year. They keep going back to school and the government keeps bankrolling them with taxpayer money. It really doesn’t matter if their field of study is something like political science. Like the world needs more political science PHDs — all we get in the end is more pontificating liberal gasbags that cannot hold down a job.

If they get the PHD, they usually spend a few years making 16K because they’re trying to find a job.

The “blank check” is also the reason we have so many freakin’ lawyers. Our society has about 10x as many lawyers as we should have. A lot of folks don’t know what they want to do when they get out of undergraduate so they end up going to LAW SCHOOL. They’re not ready to work so they stay in school and we get more lawyers every year.

So many of these young people are led in the wrong direction. They’d be much better off if they learned HVAC, electrical work, welding, etc. If they’re good at those things, they maybe one day own their own business. In fact, I believe there is now a greater opportunity for success is someone is trained in those areas. Additionally, the person should almost always be able to find a job.

The folks at these places of higher learning are corrupt and they’re doing young people an injustice. They need to be helf more accountable.

Also, the colleges and universities squeeze more money out of taxpayers every year. The colleges and universities in my state own most the hospitals and a lot of other properties. In fact, the largest land owner in my county is the school board. They ask the state for more money than they need every year. They never go back and ask for less. They’ve got excess money so they buy things like hospitals and more land. Their focus should be education but they’ve become BIG BUSINESS.


70 posted on 12/27/2010 7:16:07 AM PST by boycott (CAL)
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To: TN4Liberty

That was EXACTLY what happened. As soon as the $1000 “Hope” scholarship started, the tuition went UP $1000. What have state colleges DONE in the past 20 years that they need 5 times as much money today? (I mean EXCEPT load the faculty with liberal tenured professors who teach one class a week.)


71 posted on 12/27/2010 8:58:19 AM PST by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: Flavius

btt


72 posted on 12/27/2010 12:25:40 PM PST by dennisw (- - - -He who does not economize will have to agonize - - - - - Confucius)
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To: Flavius

And, for forty years the Liberals answer to the rising extravagance of the “education industrial establishment”(© Wuli) has been simply to be sure the government share of paying for that extravagance just keeps increasing, in the name of “education”.

When the colleges raise alarms next summer that “student aid needs to increase” in the fall, “to keep pace with rising tuition”, the new U.S. Congress needs to say:

“No it does not. You - the colleges - need to cut your costs and not raise your tuition, period, end of discussion.”

The colleges and the Liberals will say:

“You are denying money for EDUCATION.”

Congress can then reply:

“No, we are not denying money for education. We are no longer funding the excesses and extravagance of “the education industrial establishment” ((© Wuli)


73 posted on 12/27/2010 3:35:23 PM PST by Wuli
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