Re:More than 1M fewer students are in college, the lowest nu...
by ljhsiung on Thursday January 13, 2022 @11:56AM
(#29923133)
Can I see your source?
Here's mine [1] -- at UIUC, full tuition is 35-50k depending on residency. 30% get free tuition (given their family's net worth <50k/gross income < 67k) and 40% got some form of a loan averaging 20k.
Assuming very generous loans (unlikely), 30% of people paid full price, or about 10,000 students (undergrad class size is 30-35k). That's not trivial, but definitely off your 10% claim.
(Here [2] it is more succinctly, and not in a large picturesque landing page advertisement fashion)
Now some anecdata-- I paid 35k. Every college friend I knew also paid full, except one, who had crazy interest rates on her loan. I recognize my friend group may be a bubble, so I preface this with "anecdata" and gave you some sources on my own.
Here's mine [1] -- at UIUC, full tuition is 35-50k depending on residency. 30% get free tuition (given their family's net worth <50k/gross income < 67k) and 40% got some form of a loan averaging 20k.
Assuming very generous loans (unlikely), 30% of people paid full price, or about 10,000 students (undergrad class size is 30-35k). That's not trivial, but definitely off your 10% claim.
(Here [2] it is more succinctly, and not in a large picturesque landing page advertisement fashion)
Now some anecdata-- I paid 35k. Every college friend I knew also paid full, except one, who had crazy interest rates on her loan. I recognize my friend group may be a bubble, so I preface this with "anecdata" and gave you some sources on my own.
[1] https://admissions.illinois.edu/invest/financial-aid
[2] https://osfa.illinois.edu/other-financial-aid-options/