College bubble and housing bubble

[Scarlett]

[quote=AN][quote=Scarlett]Then how about limiting the loan amount strictly to tuition+books – something that’s clearly quantifiable and justfied by receipts etc.? Let the students figure out how to pay for the living expenses. Maybe that would force reconsidering saving for living expenses, and also housing and location of the college.[/quote]
So, what you’re saying then is only well off family should have the oportunity to go to good schools.[/quote]

I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.

Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.

But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.

[an]

[quote=Scarlett]
I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.

Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.

But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.[/quote]
First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan? The likelihood of them pay off those 2 (would have been postponed years) with a BS/BA degree is much easier than a HS diploma.

I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.

Why are you encouraging students get higher rates loans than student loans?

We’re not talking about Ivy Leagues here, but great public schools like UCB, UCLA, UCSD, UIUC, etc.

[an]

[quote=Scarlett]
I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.

Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.

But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.[/quote]
First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan? The likelihood of them pay off those 2 (would have been postponed years) with a BS/BA degree is much easier than a HS diploma.

I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.

Why are you encouraging students get higher rates loans than student loans?

We’re not talking about Ivy Leagues here, but great public schools like UCB, UCLA, UCSD, UIUC, etc.

[an]

[quote=Scarlett]
I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.

Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.

But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.[/quote]
First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan? The likelihood of them pay off those 2 (would have been postponed years) with a BS/BA degree is much easier than a HS diploma.

I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.

Why are you encouraging students get higher rates loans than student loans?

We’re not talking about Ivy Leagues here, but great public schools like UCB, UCLA, UCSD, UIUC, etc.

[an]

[quote=Scarlett]
I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.

Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.

But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.[/quote]
First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan? The likelihood of them pay off those 2 (would have been postponed years) with a BS/BA degree is much easier than a HS diploma.

I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.

Why are you encouraging students get higher rates loans than student loans?

We’re not talking about Ivy Leagues here, but great public schools like UCB, UCLA, UCSD, UIUC, etc.

[an]

[quote=Scarlett]
I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.

Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.

But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.[/quote]
First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan? The likelihood of them pay off those 2 (would have been postponed years) with a BS/BA degree is much easier than a HS diploma.

I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.

Why are you encouraging students get higher rates loans than student loans?

We’re not talking about Ivy Leagues here, but great public schools like UCB, UCLA, UCSD, UIUC, etc.

[bearishgurl]

[quote=Scarlett]I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.
…[/quote]

I told my kids that there are two 4-bdrm homes they can stay in for free to go to college at SDSU and UCSD (mine and their dad’s). None were impressed with the wages down here and wanted out. Also we raised them to be independent and they wanted to get their feet wet. They were (and are) willing to work to MAKE IT somewhere else where there are more opportunities. So be it. They are willing to work jobs and be on their own. That is the essence of “growing up” in the “real world.”

[bearishgurl]

[quote=Scarlett]I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.
…[/quote]

I told my kids that there are two 4-bdrm homes they can stay in for free to go to college at SDSU and UCSD (mine and their dad’s). None were impressed with the wages down here and wanted out. Also we raised them to be independent and they wanted to get their feet wet. They were (and are) willing to work to MAKE IT somewhere else where there are more opportunities. So be it. They are willing to work jobs and be on their own. That is the essence of “growing up” in the “real world.”

[bearishgurl]

[quote=Scarlett]I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.
…[/quote]

I told my kids that there are two 4-bdrm homes they can stay in for free to go to college at SDSU and UCSD (mine and their dad’s). None were impressed with the wages down here and wanted out. Also we raised them to be independent and they wanted to get their feet wet. They were (and are) willing to work to MAKE IT somewhere else where there are more opportunities. So be it. They are willing to work jobs and be on their own. That is the essence of “growing up” in the “real world.”

[bearishgurl]

[quote=Scarlett]I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.
…[/quote]

I told my kids that there are two 4-bdrm homes they can stay in for free to go to college at SDSU and UCSD (mine and their dad’s). None were impressed with the wages down here and wanted out. Also we raised them to be independent and they wanted to get their feet wet. They were (and are) willing to work to MAKE IT somewhere else where there are more opportunities. So be it. They are willing to work jobs and be on their own. That is the essence of “growing up” in the “real world.”

[bearishgurl]

[quote=Scarlett]I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.
…[/quote]

I told my kids that there are two 4-bdrm homes they can stay in for free to go to college at SDSU and UCSD (mine and their dad’s). None were impressed with the wages down here and wanted out. Also we raised them to be independent and they wanted to get their feet wet. They were (and are) willing to work to MAKE IT somewhere else where there are more opportunities. So be it. They are willing to work jobs and be on their own. That is the essence of “growing up” in the “real world.”

[CardiffBaseball]

Here in Fla. tuition is cheap. Probably because the quality is poorer in general although Florida is up and coming. Here in Orlando UCF is really growing and starting to get much more choosy since demand is up. Both schools are somewhere around 5k for tuition. UCF is 6 miles away however. Also we have this Bright Futures program which should allow both of my kids to qualify for a nice break.

Lastly we are seriously looking at exploiting their baseball skills to get a little extra money. A lot can change, but with a little work the 10th grader will have some interest as his coach has told me he’s got a lot of the tools needed. I am actually thinking of having him start JUCO if that happens because they are not as restrictive on baseball scholarship money as the NCAA is. Between Bright Futures and baseball money we might not have to pay too much for a couple of years. Now I will say he’s going to have to work hard, no guarantees, but the things are definitely looking good on that front. I just don’t know how hard he wants to push.

I don’t have squat saved up but we might be in a position to simply pay out of pocket (assuming we remain employed). I really don’t want the kids paying forever like we are.

[CardiffBaseball]

Here in Fla. tuition is cheap. Probably because the quality is poorer in general although Florida is up and coming. Here in Orlando UCF is really growing and starting to get much more choosy since demand is up. Both schools are somewhere around 5k for tuition. UCF is 6 miles away however. Also we have this Bright Futures program which should allow both of my kids to qualify for a nice break.

Lastly we are seriously looking at exploiting their baseball skills to get a little extra money. A lot can change, but with a little work the 10th grader will have some interest as his coach has told me he’s got a lot of the tools needed. I am actually thinking of having him start JUCO if that happens because they are not as restrictive on baseball scholarship money as the NCAA is. Between Bright Futures and baseball money we might not have to pay too much for a couple of years. Now I will say he’s going to have to work hard, no guarantees, but the things are definitely looking good on that front. I just don’t know how hard he wants to push.

I don’t have squat saved up but we might be in a position to simply pay out of pocket (assuming we remain employed). I really don’t want the kids paying forever like we are.

[CardiffBaseball]

Here in Fla. tuition is cheap. Probably because the quality is poorer in general although Florida is up and coming. Here in Orlando UCF is really growing and starting to get much more choosy since demand is up. Both schools are somewhere around 5k for tuition. UCF is 6 miles away however. Also we have this Bright Futures program which should allow both of my kids to qualify for a nice break.

Lastly we are seriously looking at exploiting their baseball skills to get a little extra money. A lot can change, but with a little work the 10th grader will have some interest as his coach has told me he’s got a lot of the tools needed. I am actually thinking of having him start JUCO if that happens because they are not as restrictive on baseball scholarship money as the NCAA is. Between Bright Futures and baseball money we might not have to pay too much for a couple of years. Now I will say he’s going to have to work hard, no guarantees, but the things are definitely looking good on that front. I just don’t know how hard he wants to push.

I don’t have squat saved up but we might be in a position to simply pay out of pocket (assuming we remain employed). I really don’t want the kids paying forever like we are.

[CardiffBaseball]

Here in Fla. tuition is cheap. Probably because the quality is poorer in general although Florida is up and coming. Here in Orlando UCF is really growing and starting to get much more choosy since demand is up. Both schools are somewhere around 5k for tuition. UCF is 6 miles away however. Also we have this Bright Futures program which should allow both of my kids to qualify for a nice break.

Lastly we are seriously looking at exploiting their baseball skills to get a little extra money. A lot can change, but with a little work the 10th grader will have some interest as his coach has told me he’s got a lot of the tools needed. I am actually thinking of having him start JUCO if that happens because they are not as restrictive on baseball scholarship money as the NCAA is. Between Bright Futures and baseball money we might not have to pay too much for a couple of years. Now I will say he’s going to have to work hard, no guarantees, but the things are definitely looking good on that front. I just don’t know how hard he wants to push.

I don’t have squat saved up but we might be in a position to simply pay out of pocket (assuming we remain employed). I really don’t want the kids paying forever like we are.

[Author]

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