[scaredyclassic]

[quote=spdrun]What about making public schools public and nearly free. As they used to be? Fund them enough from tax money to make them inexpensive enough to graduate with minimal debt.[/quote]

Yes. Do that.

No federal Loans.

Let harvard charge the rich 1 million a semester and let the poor go free.

No middle class person should go.

Let’s stop pretending we can afford this shit with fake federal loans

[scaredyclassic]

[quote=Essbee]scaredyclassic wrote: “Need based aid is bullshit. Why is the family unit the source of money. In general 18 year Olds are adults. We don’t send families to prison when one member commits a crime. Why is a family’s assets and income pillaged for a degree for an adult who will get the benefits of that degree herself over many years

Why are families involved mandatorily at all???.

I honestly do not get it.

If I don’t want to pay it doesn’t matter my kid can’t get aid. But he’s not “rich”. None of my wealth, paltry as it is, Belongs to him at all…

Why involve families?”

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So, since the schools cost $60K per year now, and you prefer a no-aid system, this would mean that
only rich kids with parents who agree to pay would get to attend.

Is that really what you want?
Why not just make the kids understand that they will pay back parents later? (or pay it forward to the next generation, as you mentioned).

My particular school was really very generous. They even gave me a check with an extra $125 to buy a winter coat during freshman year. Many decades ago (maybe even 100 years ago), someone had created a “winter coat fund” for financially needy students from southern latitudes.[/quote]

Yes. Everyone pays. If you don’t have the cash you borrow it. As it is, poor people get a free ride and the non rich non poor get liquidated or superheated indebted kids????. Is that any more fair?

Here’s what’s fair. Pay the price. No federal loans.

Let the free market determine the price. Price will plummet without federal loans.

Maybe not harvard. Screw harvard. I’m talking about overall…

poor get it free.

rich pay small change to them.

everyone else pays inflated price due to massive federal. Intervention in the market in the name of “access.”

the utter crappies of that is why I opt out. Cal state or bust.

My mom says I’m a hypocrite cause I gave the prestigious sheepskin.

[scaredyclassic]

[quote=JohnAlt91941][quote=scaredyclassic]

no. Prices go down, but wiser people know they have no ability to know when where why how or even if it’ll happen in their lifetime.

to say prices go down is as useful as saying b the sun will burn out.

yeah…and…so…[/quote]

Perceptive people recognize bubbles, unlike sheep (who inflate bubbles).[/quote]

timing is everything. Without knowing when you know nothing. Without knowing how low is low you know nothing.

Indeed we all operate blind in the dark.

[scaredyclassic]

[quote=JohnAlt91941][quote=EconProf]
And you would be throwing away a terrific 30-year loan. By owning this house for only four years, your net worth has increased by $170,000. Let it ride and it will probably keep growing.
[/quote]

Because prices don’t go down, right?

The OP has been given a gift (and an out). Time to take the profit.[/quote]

no. Prices go down, but wiser people know they have no ability to know when where why how or even if it’ll happen in their lifetime.

to say prices go down is as useful as saying b the sun will burn out.

yeah…and…so…

[scaredyclassic]

[quote=Essbee]I attended an Ivy for undergrad. This was the mid-1990s.

You see, there is this beautiful thing called “need based financial aid.” Because my family was poor, I graduated with only about $12K in debt. I think we had to pay about $1000-2000 per year toward expenses, as well. I did have to get a job (work-study, probably about 6-8 hrs/week) and that gave me my pocket change/spending money.

If I had gone there more recently, I would have graduated with ZERO debt, as families who make under a certain amount ($50K, I think) have to contribute zero now.

I would have no hesitation about sending my kids there (although it is far too early to know if they will have the aptitude or interest in attending), but unless our financial circumstances change for the worse, I doubt they will be receiving any need-based financial aid.[/quote]

Need based aid is bullshit. Why is the family unit the source of money. In general 18 year Olds are adults. We don’t send families to prison when one member commits a crime. Why is a family’s assets and income pillaged for a degree for an adult who will get the benefits of that degree herself over many years

Why are families involved mandatorily at all???.

I honestly do not get it.

If I don’t want to pay it doesn’t matter my kid can’t get aid. But he’s not “rich”. None of my wealth, paltry as it is, Belongs to him at all…

Why involve families?

[scaredyclassic]

Stay where you are.

Buy THE TIGHTWAD GAZETTE.

Cut expenses to the bone.

[scaredyclassic]

Women money and gigs that’s what life’s about.

That’s what Harvey Pekar has on his tombstone I think—

Harvey actually has all the answers…or at least pretty much all the questions.

Guys a genius artist….worked for the VA as a file clerk his whole life

[scaredyclassic]

My fancy ivy league pedigree paid for by my folks made my mom very angry that I was sending my kid to SDSU. Hell I wouldn’t even let him apply anywhere expensive. She felt like I was being a cheapskate and not paying forward what I got.

The kid was cool with that. Kids are OK with some direction.

Prestige. Held me back in some ways. I should’ve been in a state school.

[scaredyclassic]

[quote=FlyerInHi][quote=spdrun] all without debt.[/quote]

What is it with people on here being so against any debt?

Debt is leverage and the way (along with selling stock) to get wildly rich beyond your initial seed capital.

Generally, the richer the society, the higher the debt levels.
For example, rich people get multimillion dollar loans to buy houses, boats, planes, etc…

When assets/collateral lose too much value, the end result is bankruptcy. Too bad student debts can’t be discharged in bankruptcy. I think they’ll have to reform that if young families are so burdened by student debts that the overall economy suffers.[/quote]

the reform required is not bankruptcy. That’ll just send tuition upwards. The solution is shutting down the federal spigot of student loans

[scaredyclassic]

I couldn’t care less about prestige.

All I care about frankly is my kids making money.

That is all.

Prestige is actually worth zero… maybe less than zero to me.

[scaredyclassic]

Meh.

Education is generally bullshit.

[scaredyclassic]

If money is no object, fine.

Otherwise, money matters.

[scaredyclassic]

So true.

[scaredyclassic]

[quote=harvey]ROTC scholarships used to pay to full bill no matter the cost of the school. I don’t know if that’s true anymore.

I doubt that anyone who is accepted into the Ivy League is turned away because of inability to pay. There’s always a way.[/quote]

The way involves liquidating your assets and putting you and your folks in debt…

Have you guys heard mark Cuban venting on whole the student loan time bomb is waiting to blow.

There will be a few major law schools shutting down in the next 2 years. Applications are down 39 percent this year which is huge. The stds. Are plummeting too. Smart kids are staying away.

College is a little different but unlimited fed. Loan dollars to 18 year old fools with nothing to lose is a bad recipe

[scaredyclassic]

My kids is finishing 2nd year at SDSU engineering and on track to finish in 4 years. Would’ve been trickier without a bunch of ap credits.

Harvard Law school is a (sort of) golden ticket.
Harvard college, no.

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