What is the wisest way to pick a college based on their financial outlook alone? My college jumped 20% in my first year and 20% again my 2nd year! :eek:
It was really too late to transfer out of this (non Ivy League) private school who is riding in their good name (and wow - no football!) to get away with fleecing their students. :smack: What a financial idiot I was! :smack:
Is there any way to see this coming? Surely the SD must have some financial wizards who can tell us the warning signs when picking a college! Also, how would you advise a HS Senior to know if their college choice involves going into too much (i.e., taking too much of a risk)?
While no one has a crystal ball, these questions must be old hat to some sharp veteran business dudes of the SD! - Jinx
Here is an article about colleges that have reduced tuition, frozen tuition or set “level tuition” in which they guarantee the same tuition cost for all four years. So one option is to select one such school. That aside, I’ve never heard of a school increasing tuition by twenty percent two years in a row. That’s outrageous. What’s the school, if you don’t mind saying?
I just reread my previous post, and it came off as rude, because I thought you were responding to my first one, but I think you were responding to the OP. I apologize.
20% is nothing. My in-state undergraduate tuition has gone up 90% in the past four years. If I hadn’t already been an independent student, they would not have offered me enough federal financial aid to cover my education. I have no idea how they think people are paying for this, but I think they’ll get a rude awakening in the next couple of years as their enrollment/graduation rate plunges, or people start defaulting on their loans.
American state university, for the record. I picked it because I’m far more interested in graduate work than undergrad work, and for the field I’m in it matters very little where you get your undergrad, as long as you have one. This was the cheapest option when I started, although I think it may not be anymore.
Nobody cares because you can’t default on federally backed student loans. I mean they follow you to the grave. No bankruptcy, no running to mexico (they have offices there). Everybody loves when you default because the government pays the original lender off then adds a HUGE penalty to the principle then re-sells the loan to a different lender. When you default again the same thing happens all over again ad nauseum.
I think the student loan program is designed to keep people in debt so they won’t rock the corporate boat. It is infinitely harder to tell your boss to fuck off if you are in debt up to your eyes. Cheap easy to get student loans just encourage schools to continue increasing their tuition. What we need is federal caps on tuition for schools that accept students receiving federal student loans.
Wow. I guess I should just start a different thread Sorry OP.