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Author Topic: $23k in financial aid and they still want another $18k a year [Locked]
Cawlin  4 stars
Posts: 1,759
Registered: 2005-2-22 07:58:42
When you don't factor in debt taken on by the student in the form of student loans, your "real cost" figures aren't really "real" now are they?

Students getting out of college now are doing so with FAR FAR greater debt relative to their earning potential than students getting out of college were 20 years ago.

Debt matters - even if it's relatively low interest debt, it still matters.

Now again, Penn State's increases are nowhere near the same as those private schools over the same ~20 years.

Penn State = $7k in 1988---~$18k in 2010
My school = $11k in 1988---~$45k in 2010

Oh and I got about 25% of my college costs covered by grants and scholarships back in 1988 with parents making around ~65k in Pennsylvania back then.

 

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Brother_Tempus  3 stars
Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
Cawlin posted:

When you don't factor in debt taken on by the student in the form of student loans, your "real cost" figures aren't really "real" now are they?

Students getting out of college now are doing so with FAR FAR greater debt relative to their earning potential than students getting out of college were 20 years ago.

Debt matters - even if it's relatively low interest debt, it still matters.

Now again, Penn State's increases are nowhere near the same as those private schools over the same ~20 years.

Penn State = $7k in 1988---~$18k in 2010
My school = $11k in 1988---~$45k in 2010



So in terms of real money, Stanford has gotten cheaper while Cawl's school has stayed stagnant in its price

How much in federal dollars flows to Stanford and Cawl's school?

 

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the_great_intex  4 stars
Title: This is what cool looks like
Posts: 1,669
Registered: 2002-6-27 08:18:27
I went to a cheap school I guess, or schools in NC are MUCH cheaper. I didn't get financial aid and I paid for tuition myself. I only paid for tuition though and no room and board, so the cost was only 3k or so a semester

Hope it is worth it. Remember, it isn't the school but what they apply there that makes the difference. I know plenty of people from prestigious colleges that never went anywhere. I work at a very good company and I am the youngest person probably in the building I am sitting in by a year or two at the least. Building a portfolio and actually applying what they learn matter more than a degree ever could.

 

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Groucho48  3 stars
Posts: 821
Registered: 2003-10-22 03:00:14
Government support for higher education has been going down for a few years. Shouldn't that mean, if that support was the reason for the increases, that we should have seen decreases in the last few years?

 

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Seething199  2 stars
Posts: 358
Registered: 2003-9-23 22:37:41
a public school relies on a combination of state funding, tuition costs, and donations to pay the bills. if one goes down (state funding on numerous cases), they have to make it up somehow.

 

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Cawlin  4 stars
Posts: 1,759
Registered: 2005-2-22 07:58:42
Now, admittedly, Penn State is relatively expensive by all accounts for a "State School" in PA. You can go to Bloomsburg University for about $14k/year in tuition, room, and board, where Penn State's costs are actually considerably higher in 2012 than what I was told second hand back in 2010... but yeah... anyway.

 

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DemonicXH  3 stars
Title: Camelot Vault Staff
News Editor

Posts: 584
Registered: 2003-12-1 08:14:17
Does race play into anything regarding financial aid?

Someone once told me that since they were Hispanic they got a free ride from the government even though Daddy made 250k+.
Elocism  3 stars
Title: Pseudonym
Posts: 787
Registered: 2002-5-3 01:50:00
i like how everyone is assuming college costs are appropriate, its just a decrease in funding that is the problem

libtard institutions couldnt possibly be raping people on the costs

 

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Groucho48  3 stars
Posts: 821
Registered: 2003-10-22 03:00:14
Elocism posted:

i like how everyone is assuming college costs are appropriate, its just a decrease in funding that is the problem

libtard institutions couldnt possibly be raping people on the costs



Possibly. What is the tuition at Bob Jones and Oral Roberts?

 

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Yukishiro1  4 stars
Posts: 3,243
Registered: 2002-9-20 23:52:57
Cawlin posted:

When you don't factor in debt taken on by the student in the form of student loans, your "real cost" figures aren't really "real" now are they?



Uh no those real costs I was talking about include that. My brother paid about 25k/year, in a combination of loans and what my parents paid. The other 25k of costs the school just gave to him in grants.

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