Re:Nearly 5M Americans in Default on Student Loans
by mechhrt on Thursday December 14, 2017 @10:37AM
(#15923066)
You can't expect the college to give you a realistic prospect when they are the ones who stand to (non-) profit from your matriculation.
At the very least, they will give you a best-case scenario instead of a worst-case or median-case.
Re:Nearly 5M Americans in Default on Student Loans
by toomuchtodo on Thursday December 14, 2017 @10:59AM
(#15923265)
That's why you use the law to do it, like we do with credit card and mortgage products.
* The degrees you're interested in
* The total cost of ownership of each of those degrees, based on the dollar cost + interest
* The years you'll have to work to pay off the degree based on the median salary of whatever career requires that degree
* Placement rate in the career you're obtaining you're degree for after obtaining your education (colleges usually fudge the numbers here by considering a student getting any job as "placement" after going through their pipeline)
Very similar to truth in lending requirements for credit cards and mortgages.
https://www.occ.treas.gov/topics/consumer-protection/truth-i...
https://en.wikipedia.org/wiki/Truth_in_Lending_Act