Re:U.S. Student Debt in ‘Serious Delinquency’ Tops $166B
by oldprogrammer2 on Saturday February 16, 2019 @05:57PM
(#19181472)
To be fair, there are plenty of state universities in the US that are considerably cheaper than private schools. Students entering college are generally making two bad decisions:
1. Selecting a very expensive, non-prestigious private school.
2. Selecting a major that has no ROI for the cost of tuition.
To give concrete examples:
Option 1.
4 years at U of Texas at Austin.
Tuition = $40k.
Option 2.
2 Years at Tarrant County College.
2 years at U of Texas at Austin.
Tuition = $24k.
Option 3.
4 years at Southern Methodist University.
Tuition = $250k.
So a student could spend $24k versus $250k, and I would imagine most would consider the UT Austin degree more valuable, as well, though these two schools are ranked similarly for undergraduate.
And, while I would support further taxes to support state schools, I have no desire to support students who are personally selecting to attend a school that will cost 10x just because they want to. And I have no desire to forgive their loans, either.
1. Selecting a very expensive, non-prestigious private school.
2. Selecting a major that has no ROI for the cost of tuition.
To give concrete examples:
Option 1.
Option 2. Option 3. So a student could spend $24k versus $250k, and I would imagine most would consider the UT Austin degree more valuable, as well, though these two schools are ranked similarly for undergraduate.And, while I would support further taxes to support state schools, I have no desire to support students who are personally selecting to attend a school that will cost 10x just because they want to. And I have no desire to forgive their loans, either.