[quote=zk][quote=bearishgurl][quote=zk]I’m not sure I get your point. Correct me if I’m wrong, but it seems like you agree with “if you can’t afford to pay for college without a loan, you’re screwed.”
If you want this country to be even less competitive in the global economy than it already is, then that’s a good place to start.
Well, it was earlier than that, but tell us, what will $18,527 yr buy today? Let’s start with CA, shall we?[/quote]
If it was earlier than that, then it would be more than $18,527 in 2011 dollars. And $18,527, according to the link provided by CDMA ENG, will pay for 2 semesters of tuition and fees at Berkeley (for an in-state student), leaving $4066 for books and other expenses.[/quote]
So, does $14,461 tuition/fee costs apply to the entire UC system (for 3 quarters)? Why does a UC undergrad student need a loan for more than say, $16K yr then (to include new and used books)? And why does a student who is lucky enough to get admitted to UC need to borrow living expenses? That seems to be what is getting them in trouble (typical student has loans totaling over $60K for a Bachelor’s degree). Why not work and/or attend a UC campus close to home?? Lots of (smart) students do this.
Many CA public university students seem to be borrowing more than they need for tuition/fees/books so the residual not used by the school will be returned to them (or their parents) and used for “living expenses.” We all know that a “social life” (depending on where the campus is located) has varying costs if the student goes out every weekend. While in school, these students aren’t even thinking about what this debt will do to their lifestyles after they graduate.
edit: zk, this country wasn’t competing in a “global economy” circa 1975. Jobs were plentiful for every American, even HS dropouts, but especially those who could read, write, type and spell English flawlessly. At that time, a young person could even quit if they didn’t like a job and have another one waiting in the wings without even a missed day of work 🙂
