After 60 job applications, honor student back home in Missoula

[scaredyclassic]

university tuition prices are ina bubble. however, regarding that bubble, i called the top way back in the early 90’s. specifically remember looking at the tuition billa nd saying, hply jeez! this is refriedfrickindiculous! I’ll never be able to pay this back! man are they suckers for lending me this princely sum! So far, I’ve been off by about 20 years and Im about done paying off the cursed loan.. Luckily, I went into what seemed like big debt at the time. It paid off for me, but I have been lucky. Now, I say, we’re really at the top. Maybe. I am amazed that our various ponzi schemes last as long as they do.

b.a. costs more, worth less

http://news.yahoo.com/s/time/20091209/us_time/08599194608800

[Fletch]

So anyone want to take a stab at the exact mechanism that pops the education bubble? How does tuition go from being high… to not.

There is so much infrastructure on college campuses these days …. whole departments which are the equivalent of granite countertops. If the bubble is to pop, what happens to these?

[Fletch]

So anyone want to take a stab at the exact mechanism that pops the education bubble? How does tuition go from being high… to not.

There is so much infrastructure on college campuses these days …. whole departments which are the equivalent of granite countertops. If the bubble is to pop, what happens to these?

[Fletch]

So anyone want to take a stab at the exact mechanism that pops the education bubble? How does tuition go from being high… to not.

There is so much infrastructure on college campuses these days …. whole departments which are the equivalent of granite countertops. If the bubble is to pop, what happens to these?

[Fletch]

So anyone want to take a stab at the exact mechanism that pops the education bubble? How does tuition go from being high… to not.

There is so much infrastructure on college campuses these days …. whole departments which are the equivalent of granite countertops. If the bubble is to pop, what happens to these?

[Fletch]

So anyone want to take a stab at the exact mechanism that pops the education bubble? How does tuition go from being high… to not.

There is so much infrastructure on college campuses these days …. whole departments which are the equivalent of granite countertops. If the bubble is to pop, what happens to these?

[meadandale]

[quote=Fletch]So anyone want to take a stab at the exact mechanism that pops the education bubble? How does tuition go from being high… to not.

There is so much infrastructure on college campuses these days …. whole departments which are the equivalent of granite countertops. If the bubble is to pop, what happens to these?[/quote]

Reduce federal student loan funding. It’s just like the housing bubble. The only reason you could pay for an overinflated house was because someone would loan you money. If no one could get loans and few had the cash, the prices wouldn’t have risen so high.

When I was in school back in the 80’s and 90’s at UC, tuition and fees ran under $500/quarter for the entire 5 years I was there. Within two years of me leaving, it had tripled to almost $1500. Now it’s probably 3x that again.

When I graduated I had WELL under $10k in student loan debt for 5 years of school. I borrowed as little money as I could I worked to pay for the rest as I went. That whole concept seems to be a little gauche these days.

[meadandale]

[quote=Fletch]So anyone want to take a stab at the exact mechanism that pops the education bubble? How does tuition go from being high… to not.

There is so much infrastructure on college campuses these days …. whole departments which are the equivalent of granite countertops. If the bubble is to pop, what happens to these?[/quote]

Reduce federal student loan funding. It’s just like the housing bubble. The only reason you could pay for an overinflated house was because someone would loan you money. If no one could get loans and few had the cash, the prices wouldn’t have risen so high.

When I was in school back in the 80’s and 90’s at UC, tuition and fees ran under $500/quarter for the entire 5 years I was there. Within two years of me leaving, it had tripled to almost $1500. Now it’s probably 3x that again.

When I graduated I had WELL under $10k in student loan debt for 5 years of school. I borrowed as little money as I could I worked to pay for the rest as I went. That whole concept seems to be a little gauche these days.

[meadandale]

[quote=Fletch]So anyone want to take a stab at the exact mechanism that pops the education bubble? How does tuition go from being high… to not.

There is so much infrastructure on college campuses these days …. whole departments which are the equivalent of granite countertops. If the bubble is to pop, what happens to these?[/quote]

Reduce federal student loan funding. It’s just like the housing bubble. The only reason you could pay for an overinflated house was because someone would loan you money. If no one could get loans and few had the cash, the prices wouldn’t have risen so high.

When I was in school back in the 80’s and 90’s at UC, tuition and fees ran under $500/quarter for the entire 5 years I was there. Within two years of me leaving, it had tripled to almost $1500. Now it’s probably 3x that again.

When I graduated I had WELL under $10k in student loan debt for 5 years of school. I borrowed as little money as I could I worked to pay for the rest as I went. That whole concept seems to be a little gauche these days.

[meadandale]

[quote=Fletch]So anyone want to take a stab at the exact mechanism that pops the education bubble? How does tuition go from being high… to not.

There is so much infrastructure on college campuses these days …. whole departments which are the equivalent of granite countertops. If the bubble is to pop, what happens to these?[/quote]

Reduce federal student loan funding. It’s just like the housing bubble. The only reason you could pay for an overinflated house was because someone would loan you money. If no one could get loans and few had the cash, the prices wouldn’t have risen so high.

When I was in school back in the 80’s and 90’s at UC, tuition and fees ran under $500/quarter for the entire 5 years I was there. Within two years of me leaving, it had tripled to almost $1500. Now it’s probably 3x that again.

When I graduated I had WELL under $10k in student loan debt for 5 years of school. I borrowed as little money as I could I worked to pay for the rest as I went. That whole concept seems to be a little gauche these days.

[meadandale]

[quote=Fletch]So anyone want to take a stab at the exact mechanism that pops the education bubble? How does tuition go from being high… to not.

There is so much infrastructure on college campuses these days …. whole departments which are the equivalent of granite countertops. If the bubble is to pop, what happens to these?[/quote]

Reduce federal student loan funding. It’s just like the housing bubble. The only reason you could pay for an overinflated house was because someone would loan you money. If no one could get loans and few had the cash, the prices wouldn’t have risen so high.

When I was in school back in the 80’s and 90’s at UC, tuition and fees ran under $500/quarter for the entire 5 years I was there. Within two years of me leaving, it had tripled to almost $1500. Now it’s probably 3x that again.

When I graduated I had WELL under $10k in student loan debt for 5 years of school. I borrowed as little money as I could I worked to pay for the rest as I went. That whole concept seems to be a little gauche these days.

[Fletch]

I agree about the student loans.. but how does the rest play out?

Fewer loans -> fewer applicants
Fewer applicants -> lower income for the university
Lower income -> budget/infrastructure cuts
– or –
Lower income -> Decrease in tuition
Decrease in tuition -> more applicants

I guess I still can’t see what the analog to foreclosure is for a university.

As a side observation, I also wouldn’t be surprised if the industry that has sprung up around college savings plans hasn’t also helped drive costs sky high. People have been conditioned to believe that college education will keep getting more expense and that you have to start saving -now- (while your child is still sleeping in the clear-plastic bin at the hospital) or be priced out forever.

[Fletch]

I agree about the student loans.. but how does the rest play out?

Fewer loans -> fewer applicants
Fewer applicants -> lower income for the university
Lower income -> budget/infrastructure cuts
– or –
Lower income -> Decrease in tuition
Decrease in tuition -> more applicants

I guess I still can’t see what the analog to foreclosure is for a university.

As a side observation, I also wouldn’t be surprised if the industry that has sprung up around college savings plans hasn’t also helped drive costs sky high. People have been conditioned to believe that college education will keep getting more expense and that you have to start saving -now- (while your child is still sleeping in the clear-plastic bin at the hospital) or be priced out forever.

[Fletch]

I agree about the student loans.. but how does the rest play out?

Fewer loans -> fewer applicants
Fewer applicants -> lower income for the university
Lower income -> budget/infrastructure cuts
– or –
Lower income -> Decrease in tuition
Decrease in tuition -> more applicants

I guess I still can’t see what the analog to foreclosure is for a university.

As a side observation, I also wouldn’t be surprised if the industry that has sprung up around college savings plans hasn’t also helped drive costs sky high. People have been conditioned to believe that college education will keep getting more expense and that you have to start saving -now- (while your child is still sleeping in the clear-plastic bin at the hospital) or be priced out forever.

[Fletch]

I agree about the student loans.. but how does the rest play out?

Fewer loans -> fewer applicants
Fewer applicants -> lower income for the university
Lower income -> budget/infrastructure cuts
– or –
Lower income -> Decrease in tuition
Decrease in tuition -> more applicants

I guess I still can’t see what the analog to foreclosure is for a university.

As a side observation, I also wouldn’t be surprised if the industry that has sprung up around college savings plans hasn’t also helped drive costs sky high. People have been conditioned to believe that college education will keep getting more expense and that you have to start saving -now- (while your child is still sleeping in the clear-plastic bin at the hospital) or be priced out forever.

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