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Post by aj2hall on Aug 8, 2021 21:05:19 GMT
I just used an inflation calculator to figure out how much today’s tuition/room/board would have been when I started college in 1987. My cost then for a year was around $5,000. Using the inflation calculator, that is equivalent to $11,100 in today’s dollars. However, a year at the same school is now over $26,000. Costs have far outpaced the rate of inflation while wages haven’t. Especially those for teachers, mental health, etc. So, please with the mentality of “I suffered, so should everyone else”, because students trying to pay for college now are suffering far more than anyone who went to college 20-30 years ago. You also can’t but a house for $24,000 like my parents did in 1971. Of course prices have gone up. Nobody is disputing that. If you take out the loan, I expect you to pay it back and not get a freebie from the government. Yes, prices have gone up but the cost of tuition rose disproportionately to inflation. Housing costs also outpaced inflation but not by the same amount. More importantly, wages have not increased to meet the cost of housing or college tuition. The average cost of attending a four-year college or university in the United States rose by 497% between the 1985-86 and 2017-18 academic years, more than twice the rate of inflation. www.forbes.com/sites/zengernews/2020/08/31/college-tuition-is-rising-at-twice-the-inflation-rate-while-students-learn-at-home/?sh=2c2ad2012f98www.usnews.com/education/best-colleges/paying-for-college/articles/2017-09-20/see-20-years-of-tuition-growth-at-national-universities
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Post by sideways on Aug 8, 2021 21:16:48 GMT
I just used an inflation calculator to figure out how much today’s tuition/room/board would have been when I started college in 1987. My cost then for a year was around $5,000. Using the inflation calculator, that is equivalent to $11,100 in today’s dollars. However, a year at the same school is now over $26,000. Costs have far outpaced the rate of inflation while wages haven’t. Especially those for teachers, mental health, etc. So, please with the mentality of “I suffered, so should everyone else”, because students trying to pay for college now are suffering far more than anyone who went to college 20-30 years ago. You also can’t but a house for $24,000 like my parents did in 1971. Of course prices have gone up. Nobody is disputing that. If you take out the loan, I expect you to pay it back and not get a freebie from the government. I’ll play! My parents paid $16,500 for their house in 1966. My dad still lives there. Per the inflation calculator, his house would cost $138,363 in today’s dollars. The house three doors down from my dad (same exact house) sold last year for $140,000. The cost of education has outpaced housing. Try again.
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Aug 8, 2021 21:21:25 GMT
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Post by freecharlie on Aug 8, 2021 21:21:25 GMT
You also can’t but a house for $24,000 like my parents did in 1971. Of course prices have gone up. Nobody is disputing that. If you take out the loan, I expect you to pay it back and not get a freebie from the government. I’ll play! My parents paid $16,500 for their house in 1966. My dad still lives there. Per the inflation calculator, his house would cost $138,363 in today’s dollars. The house three doors down from my dad (same exact house) sold last year for $140,000. The cost of education has outpaced housing. Try again. I think I used it correctly. My parents paid $33,000 in 1978. The inflation calculator days in today's $ that equals $135,000. Their house is estimated on zillow to be able to list for $402,000
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Post by Merge on Aug 8, 2021 21:21:58 GMT
Just an FYI - not all states require teachers to get Master's degrees, so this blanket statement is not accurate. you are right in that many states don't make you have a masters, but then you are stuck in one of the first three or four lanes and will never make much$ Welcome to Houston, where there are no lanes! That master’s degree I struggled to pay off now nets me zero extra dollars of salary. 😂 (And yet the “good” schools in the district still really want you to have that graduate degree and a laundry list of certifications.) Not true when I started teaching, BTW. They phased out the bump for graduate degrees a few years ago.
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pinklady
Drama Llama
Posts: 5,563
Nov 14, 2016 23:47:03 GMT
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Aug 8, 2021 22:07:00 GMT
Post by pinklady on Aug 8, 2021 22:07:00 GMT
You also can’t but a house for $24,000 like my parents did in 1971. Of course prices have gone up. Nobody is disputing that. If you take out the loan, I expect you to pay it back and not get a freebie from the government. I’ll play! My parents paid $16,500 for their house in 1966. My dad still lives there. Per the inflation calculator, his house would cost $138,363 in today’s dollars. The house three doors down from my dad (same exact house) sold last year for $140,000. The cost of education has outpaced housing. Try again. In Southern California my parents paid $24,000 for their house in 1971 and would cost $750,000 in todays values and they still live there. So your blanket statement that education has "outpaced housing" is wrong. So again, if you take out a loan, pay your fucking bill.
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Post by aj2hall on Aug 9, 2021 1:19:15 GMT
Housing prices are crazy. In some areas like Southern California, New York or the suburbs around DC, housing prices have increased exponentially in the last 30 years. But not all areas of the country have matched the pace of that. Bottom line, college tuitions have increased dramatically, beyond reach of many families. Elite colleges offer scholarships to the most needy and the wealthy can afford the tuition. But what about middle class families? How do we expect them to pay $280,000 plus? In many areas of the country, that's more than a house costs. If a high school senior is smart, intelligent, a hard worker and offered a spot at an Ivy League college, but comes from a middle class family, do we just say, too bad? Community college and or/ a state university? There's absolutely nothing wrong with community colleges and state universities, many of them offer excellent programs. They also offer a great value. I'm not in any way diminishing them. But something is wrong with the picture if private liberal arts colleges are out of reach financially to many middle class families. We need to do more to offer interest free loans, extend the length of loans and make college affordable to middle class families.
What about people in the recession of 2008 who were underwater on their mortgage? Should we have expected them to pay their bills and not help them? I recognize the difference between a house and college. Housing is necessary, maybe even a basic right. College in some ways is considered luxury. But is it really a luxury if you need a degree to earn a living wage?
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Aug 9, 2021 1:35:23 GMT
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Post by Really Red on Aug 9, 2021 1:35:23 GMT
Like others, I think there is a better way and it isn't necessarily loan forgiveness. Definitely zero interest rate to start. Also community colleges should be free or minimal costs. State schools should be more affordable. Once you decide on private schools or out of state, state schools, then you're on your own.
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Post by Really Red on Aug 9, 2021 1:42:05 GMT
I’ll play! My parents paid $16,500 for their house in 1966. My dad still lives there. Per the inflation calculator, his house would cost $138,363 in today’s dollars. The house three doors down from my dad (same exact house) sold last year for $140,000. The cost of education has outpaced housing. Try again. In Southern California my parents paid $24,000 for their house in 1971 and would cost $750,000 in todays values and they still live there. So your blanket statement that education has "outpaced housing" is wrong. So again, if you take out a loan, pay your fucking bill. I think you're missing the point. The relative amount of money you paid for an education years ago could not pay for the same education today. Hence, you are OBLIGED to take out more loans for the exact same education. We ask 18 year old kids to take out loans. WTF? They have NO clue!! It doesn't matter what people tell them, they just do not understand. I'm not saying that 100% of the kids don't understand, but the great majority simply do not. We either make school until you're 20 (including an AA degree) and give kids some sense of where they need to go or we need to figure out college costs.
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Aug 9, 2021 1:58:29 GMT
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Post by dewryce on Aug 9, 2021 1:58:29 GMT
I’ll play! My parents paid $16,500 for their house in 1966. My dad still lives there. Per the inflation calculator, his house would cost $138,363 in today’s dollars. The house three doors down from my dad (same exact house) sold last year for $140,000. The cost of education has outpaced housing. Try again. In Southern California my parents paid $24,000 for their house in 1971 and would cost $750,000 in todays values and they still live there. So your blanket statement that education has "outpaced housing" is wrong. But we need to consider that the rise in housing costs in California can’t be compared to most areas of the country.
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Aug 9, 2021 2:06:59 GMT
Post by Darcy Collins on Aug 9, 2021 2:06:59 GMT
In Southern California my parents paid $24,000 for their house in 1971 and would cost $750,000 in todays values and they still live there. So your blanket statement that education has "outpaced housing" is wrong. But we need to consider that the rise in housing costs in California can’t be compared to most areas of the country. If you look at any index for housing prices adjusted for inflation over the last 40 years it's higher - certainly not as high as California, but higher - housing has beat inflation for a very long time. Now yes, there will be people in areas where housing prices have not done as well, but as a "blanket statement" housing has beat inflation by a long shot. And sorry if you live in an area where housing prices haven't beat inflation - that sucks.
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Post by iamkristinl16 on Aug 9, 2021 2:40:15 GMT
In Southern California my parents paid $24,000 for their house in 1971 and would cost $750,000 in todays values and they still live there. So your blanket statement that education has "outpaced housing" is wrong. So again, if you take out a loan, pay your fucking bill. I think you're missing the point. The relative amount of money you paid for an education years ago could not pay for the same education today. Hence, you are OBLIGED to take out more loans for the exact same education. We ask 18 year old kids to take out loans. WTF? They have NO clue!! It doesn't matter what people tell them, they just do not understand. I'm not saying that 100% of the kids don't understand, but the great majority simply do not. We either make school until you're 20 (including an AA degree) and give kids some sense of where they need to go or we need to figure out college costs. And in addition to rising college costs, housing is also higher (as already stated). Not to mention the other expenses that we have today that families didn't 20 years ago--internet, cable, cell phones, higher insurance costs, kids' activities. Not only do those things make it difficult for middle class families to save money for college, it makes it more difficult for the kids/young adults when they are then on their own.
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Aug 9, 2021 3:48:04 GMT
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Post by freecharlie on Aug 9, 2021 3:48:04 GMT
Like others, I think there is a better way and it isn't necessarily loan forgiveness. Definitely zero interest rate to start. Also community colleges should be free or minimal costs. State schools should be more affordable. Once you decide on private schools or out of state, state schools, then you're on your own. while I agree with the bolded, I wonder how we do it. Universities have to keep up with the times and the infrastructure, they need to pay their professors and their support staff a decent wage, they need to have services on campus...where does the money come from? (I'm not a college budget person so I really don't know)
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Post by Merge on Aug 9, 2021 3:58:25 GMT
Like others, I think there is a better way and it isn't necessarily loan forgiveness. Definitely zero interest rate to start. Also community colleges should be free or minimal costs. State schools should be more affordable. Once you decide on private schools or out of state, state schools, then you're on your own. while I agree with the bolded, I wonder how we do it. Universities have to keep up with the times and the infrastructure, they need to pay their professors and their support staff a decent wage, they need to have services on campus...where does the money come from? (I'm not a college budget person so I really don't know) Welp, nobody likes to hear or say this, but in most other advanced democracies, universities are heavily subsidized by taxpayer dollars. Because they see value in an educated population rather than considering education a luxury. Meanwhile American companies are importing tech and other workers from other countries because our own kids can’t afford to get those degrees and pay off the loans they’d accrue in the process.
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Post by 950nancy on Aug 9, 2021 4:04:02 GMT
I absolutely agree that college costs need to be reduced drastically. I also think those existing student loans should be almost interest free if not entirely interest free. But to just blanket forgive all student loans, no way. Blanket forgiveness? No. But there’s got to be a way to forgive a partial amount for those who need it. This is where I sit also. I'd be fine with a 10-25% forgiveness. That would make the cost a bit more affordable for those who have already gone.
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Aug 9, 2021 5:08:02 GMT
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Post by Clair on Aug 9, 2021 5:08:02 GMT
I’m another against total loan forgiveness.
I’d like to see interest cuts and maybe partial forgiveness but not total forgiveness. If there is any type of forgiveness it should be on a case to case basis with an application and approval process.
Not everyone who has loans needs them forgiven.
I agree that college costs are out of control but in some cases we should place some blame on the parents and high schools that have convinced our kids that going away to an expensive school is the only option and if the kids get in they will find a way to make it work. We have seen it many times on here on this board.
We need to educate people to the fact that there options - community college, military, work/study, gap years to work and save, etc.
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Aug 9, 2021 6:01:15 GMT
Post by wezee on Aug 9, 2021 6:01:15 GMT
No
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Aug 14, 2021 18:28:47 GMT
Post by aj2hall on Aug 14, 2021 18:28:47 GMT
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