Eliminate government programs to subsidize college, and you’ll quickly see tuition rates fall. Government collusion with the higher education industry is responsible for the rapid rise in tuition. Pell grants, student loans, etc., are propping up higher education. Not only that, but government also colludes with the education industry by requiring credentials for many, many government positions that don’t really require them.
There are many classes, like calculus, trigonometry, English, reading, speech, etc., that haven’t fundamentally changed in decades. Government is the problem. There’s simply no other explanation for why tuition has grown and continues to grow faster than the rate of inflation.
Same thing happened to me 30+ years ago. I was accepted at every university I applied (even Ivy league). My parents could not afford helping financially with other college going siblings, so I financed my state university education by myself through a very small scholarship, part-time jobs, college loan and ultimately a grant in my senior year as I was able to claim an independent income separate from my parents. Btw, on all applications for financial aid, white causcasian is listed as ‘other’.
The author should have identified the college so the college could be avoided by the article readers.
I got my student loan back in 2006 before the federal takeover and monopolization of the federal student loan industry. My current free market rate is 2.35%. Today’s students are being screwed royally, and both parties are to blame. I have yet to hear a single Republican say that we need to turn it back to the way it was before Pelosi became Speaker.
I do know a young white man who got a great deal of financial aid from Princeton, nearly a free ride. He’s very bright of course, but not amazing in any way.
The Ivies have plenty of money - other not quite top tier schools not so much.
It's possible to to complete a college education on a budget. For those who don't win merit scholarships -- there is the alternative pathway of local community college for the first two years, followed by the final two years at state U. There are always spaces in the Junior and Senior state U classes because the dropout rate is so high. This pathway costs a small fraction of a private college (and results in a small fraction of the debt) for a BA or BS degree.
To console ourselves, we parents eagerly seize on studies that show that our children will "do just as well" at so-called 2nd tier schools, as they would have done at the "top tier" schools they couldn't afford to attend.
And it is true that, yes, our children did well at those 2nd tier schools, and graduated with little or no debt.
But there is more to the story than that. The big BUT is that in some fields (economics for example), our childrens' lack of "top-tier" degree keeps them locked out of the best jobs --the ones that deliver the best pay and best opportunities to advance.
Those jobs go to the Ivy League grads --who, like Barack Obama the Columbia/Princeton grad, are often less smart and less genuinely accomplished than your child. But the Ivy grads have something your child doesn't ... that elite imprimatur.
1. Lawyer
2. Stock Broker
3. Politician
Better to save your money, go to a local college, get a job as an engineer, businessman, or general practitioner.
Do yourself and the world a favor.
Yes except that my only grandchild is hispanic so I’ll milk the system for whatever I can. It’s human nature.
The Oregon program is designed to benefit the professors, not the students. The legislators know they won’t get all that money back. They don’t care. The Massahs at the university plantation must be paid, and they will be.
My daughter had her heart set on going to Notre Dame about 10 years ago. She had a 4.3 GPA and 1360 SATs along with multiple club/sports participation and being Catholic. The only kid they picked from her school out of 5 applicants was a party girl who was a double legacy. They also gave full rides to several black kids she knew online. When she got rejected, it was too late to apply for the full ride scholarship she clearly qualified for at ASU, so she ended up having to pay regular tuition there.
Disagree with the article only in that the current system is not a racial redistribution system as much as an ideological redistribution system. Colleges, which are run 95% by liberals, can charge 5 times what their services are worth simply because the money comes from the liberal government, which takes it from the productive taxpayers, so liberal professors can make 6 figure salaries to tell their kids to stomp on Jesus. It’s nothing but a huge scheme to fund and spread liberalism. No conservative should support this corrupt system - you gotta send your kids there and pay the price (while less qualified minority kids go for free) but you don’t have to send them checks to support the school once you don’t need their services anymore. Most of what’s taught in school can be taught online much more efficiently than at a college (or public school for that matter).
Bump.....