[Scarlett]

[quote=bearishgurl]
There is already an overflow of qualified applicants for CA university billets and this DID NOT translate into more admissions or classes for students. In addition, the fees have been raised at least 10 times in the CSU system in the last eight or so years. It appears to me that the two systems are trying to eliminate more pension obligations so are letting go instructors before they vest. Meanwhile, the ones that are retiring are not being replaced. One business department head at SFSU told me that he had never been asked to lay off as many instructors as he had to in 2010 in his 30+ years in the system.[/quote]

I can believe that. But then the supply is very limited – and kept artificially that way – and the demand very high – so why not increase the fees – that are plenty of people qualified and willing to pay (or borrow)….that’s the bubble. Well, this has to burst sometime.

I just wonder how the dynamics will change when more people, for example in CA, can’t get in UC or CS and have to go out of state or private and therefore they (or their parents) HAVE to borrow more money. And those people upon graduation will default on the loans because they won’t have high enough paid jobs. Or they keep piling on more debt, making that much harder to marry and have kids and nearly impossbile to buy a house…. Hmmm. maybe that will push the house prices down….

[Scarlett]

Then I think a first step should be changing those rules. Somehow they remind me too much of the income-stated loans for houses…How about documenting all that?

I understand even if family helps them it may not be enough, but, then loan amount should be correspondingly less. I guess it is impossible to know how much the familly helps.

But anyhow loans for living expenses should really cover bare minimum – like for housing an average rent in student housing or half the rent (you get 1 roommate) of a 1 bdr place close to univ; for food – just the equivalent of 2 meal a day at the cafeteria. A small transportation allowance if not living on campus. Really, if he needs more, then the student can take odd jobs or tutoring. or help from family.

Actually the first thing the high-school students should be taught is the compound interest calculation and how much debt they would acquire in college and how long it takes to pay it off, and how long it takes to save for retirement (I know, who think about that at 18?) – so they are not completely duped and avoid college loans like the plague they are.

[Scarlett]

Then I think a first step should be changing those rules. Somehow they remind me too much of the income-stated loans for houses…How about documenting all that?

I understand even if family helps them it may not be enough, but, then loan amount should be correspondingly less. I guess it is impossible to know how much the familly helps.

But anyhow loans for living expenses should really cover bare minimum – like for housing an average rent in student housing or half the rent (you get 1 roommate) of a 1 bdr place close to univ; for food – just the equivalent of 2 meal a day at the cafeteria. A small transportation allowance if not living on campus. Really, if he needs more, then the student can take odd jobs or tutoring. or help from family.

Actually the first thing the high-school students should be taught is the compound interest calculation and how much debt they would acquire in college and how long it takes to pay it off, and how long it takes to save for retirement (I know, who think about that at 18?) – so they are not completely duped and avoid college loans like the plague they are.

[Scarlett]

Then I think a first step should be changing those rules. Somehow they remind me too much of the income-stated loans for houses…How about documenting all that?

I understand even if family helps them it may not be enough, but, then loan amount should be correspondingly less. I guess it is impossible to know how much the familly helps.

But anyhow loans for living expenses should really cover bare minimum – like for housing an average rent in student housing or half the rent (you get 1 roommate) of a 1 bdr place close to univ; for food – just the equivalent of 2 meal a day at the cafeteria. A small transportation allowance if not living on campus. Really, if he needs more, then the student can take odd jobs or tutoring. or help from family.

Actually the first thing the high-school students should be taught is the compound interest calculation and how much debt they would acquire in college and how long it takes to pay it off, and how long it takes to save for retirement (I know, who think about that at 18?) – so they are not completely duped and avoid college loans like the plague they are.

[Scarlett]

Then I think a first step should be changing those rules. Somehow they remind me too much of the income-stated loans for houses…How about documenting all that?

I understand even if family helps them it may not be enough, but, then loan amount should be correspondingly less. I guess it is impossible to know how much the familly helps.

But anyhow loans for living expenses should really cover bare minimum – like for housing an average rent in student housing or half the rent (you get 1 roommate) of a 1 bdr place close to univ; for food – just the equivalent of 2 meal a day at the cafeteria. A small transportation allowance if not living on campus. Really, if he needs more, then the student can take odd jobs or tutoring. or help from family.

Actually the first thing the high-school students should be taught is the compound interest calculation and how much debt they would acquire in college and how long it takes to pay it off, and how long it takes to save for retirement (I know, who think about that at 18?) – so they are not completely duped and avoid college loans like the plague they are.

[Scarlett]

Then I think a first step should be changing those rules. Somehow they remind me too much of the income-stated loans for houses…How about documenting all that?

I understand even if family helps them it may not be enough, but, then loan amount should be correspondingly less. I guess it is impossible to know how much the familly helps.

But anyhow loans for living expenses should really cover bare minimum – like for housing an average rent in student housing or half the rent (you get 1 roommate) of a 1 bdr place close to univ; for food – just the equivalent of 2 meal a day at the cafeteria. A small transportation allowance if not living on campus. Really, if he needs more, then the student can take odd jobs or tutoring. or help from family.

Actually the first thing the high-school students should be taught is the compound interest calculation and how much debt they would acquire in college and how long it takes to pay it off, and how long it takes to save for retirement (I know, who think about that at 18?) – so they are not completely duped and avoid college loans like the plague they are.

[Scarlett]

[quote=bearishgurl]Why should anyone else assume someone’s college loan? Most ex-students who have exorbitant loans to pay back used a portion of that money to party, go to Starbucks every day while in school and bought all new books when used ones were available for a fraction of the cost. Or they lived in an apt beyond their means and traveled excessively on school breaks. I don’t feel sorry for some of these students. They used their student loans like a credit card. Eventually it becomes time to pay it back. That’s the way life is. [end of rant][/quote]

Errr…. I have no experience with college loans, but I am very surprised that students are allowed to even borrow more than strictly tuition+books/materials. Don’t they have to justify the expenses?

[Scarlett]

[quote=bearishgurl]Why should anyone else assume someone’s college loan? Most ex-students who have exorbitant loans to pay back used a portion of that money to party, go to Starbucks every day while in school and bought all new books when used ones were available for a fraction of the cost. Or they lived in an apt beyond their means and traveled excessively on school breaks. I don’t feel sorry for some of these students. They used their student loans like a credit card. Eventually it becomes time to pay it back. That’s the way life is. [end of rant][/quote]

Errr…. I have no experience with college loans, but I am very surprised that students are allowed to even borrow more than strictly tuition+books/materials. Don’t they have to justify the expenses?

[Scarlett]

[quote=bearishgurl]Why should anyone else assume someone’s college loan? Most ex-students who have exorbitant loans to pay back used a portion of that money to party, go to Starbucks every day while in school and bought all new books when used ones were available for a fraction of the cost. Or they lived in an apt beyond their means and traveled excessively on school breaks. I don’t feel sorry for some of these students. They used their student loans like a credit card. Eventually it becomes time to pay it back. That’s the way life is. [end of rant][/quote]

Errr…. I have no experience with college loans, but I am very surprised that students are allowed to even borrow more than strictly tuition+books/materials. Don’t they have to justify the expenses?

[Scarlett]

[quote=bearishgurl]Why should anyone else assume someone’s college loan? Most ex-students who have exorbitant loans to pay back used a portion of that money to party, go to Starbucks every day while in school and bought all new books when used ones were available for a fraction of the cost. Or they lived in an apt beyond their means and traveled excessively on school breaks. I don’t feel sorry for some of these students. They used their student loans like a credit card. Eventually it becomes time to pay it back. That’s the way life is. [end of rant][/quote]

Errr…. I have no experience with college loans, but I am very surprised that students are allowed to even borrow more than strictly tuition+books/materials. Don’t they have to justify the expenses?

[Scarlett]

[quote=bearishgurl]Why should anyone else assume someone’s college loan? Most ex-students who have exorbitant loans to pay back used a portion of that money to party, go to Starbucks every day while in school and bought all new books when used ones were available for a fraction of the cost. Or they lived in an apt beyond their means and traveled excessively on school breaks. I don’t feel sorry for some of these students. They used their student loans like a credit card. Eventually it becomes time to pay it back. That’s the way life is. [end of rant][/quote]

Errr…. I have no experience with college loans, but I am very surprised that students are allowed to even borrow more than strictly tuition+books/materials. Don’t they have to justify the expenses?

[Scarlett]

[quote=bearishgurl](…)I think there are and will be too many incoming students who are qualified and want to attend CA public universities when there are insufficient billets. Thus, they will have to go private or out of state if they want to work on a four-year degree. This could cause some parents to move to another state at least one-year prior to HS graduation to establish residency. Or move after HS graduation and their new graduate taking one year off to work. Out-of-state tuition cost 2.5 to 3 times as much as in-state tuition. It is needless to pay that if the parents can otherwise transfer in their job(s) or obtain a new one.[/quote]

I don’t think many parents now close(r) to the retirement (in their 50s) would up and go just for the kid to get residency in a certain state. Jobs for “older” people are harder to find too. So that leaves the kids having to borrow a boatload of money to pay for an out-of-state and/or private college.

Coming back to California – if there will be many more in-state QUALIFIED applicants, wouldn’t that translate in more money paid to the universities => more money to hire/expand teachers/classes etc.?

[Scarlett]

[quote=bearishgurl](…)I think there are and will be too many incoming students who are qualified and want to attend CA public universities when there are insufficient billets. Thus, they will have to go private or out of state if they want to work on a four-year degree. This could cause some parents to move to another state at least one-year prior to HS graduation to establish residency. Or move after HS graduation and their new graduate taking one year off to work. Out-of-state tuition cost 2.5 to 3 times as much as in-state tuition. It is needless to pay that if the parents can otherwise transfer in their job(s) or obtain a new one.[/quote]

I don’t think many parents now close(r) to the retirement (in their 50s) would up and go just for the kid to get residency in a certain state. Jobs for “older” people are harder to find too. So that leaves the kids having to borrow a boatload of money to pay for an out-of-state and/or private college.

Coming back to California – if there will be many more in-state QUALIFIED applicants, wouldn’t that translate in more money paid to the universities => more money to hire/expand teachers/classes etc.?

[Scarlett]

[quote=bearishgurl](…)I think there are and will be too many incoming students who are qualified and want to attend CA public universities when there are insufficient billets. Thus, they will have to go private or out of state if they want to work on a four-year degree. This could cause some parents to move to another state at least one-year prior to HS graduation to establish residency. Or move after HS graduation and their new graduate taking one year off to work. Out-of-state tuition cost 2.5 to 3 times as much as in-state tuition. It is needless to pay that if the parents can otherwise transfer in their job(s) or obtain a new one.[/quote]

I don’t think many parents now close(r) to the retirement (in their 50s) would up and go just for the kid to get residency in a certain state. Jobs for “older” people are harder to find too. So that leaves the kids having to borrow a boatload of money to pay for an out-of-state and/or private college.

Coming back to California – if there will be many more in-state QUALIFIED applicants, wouldn’t that translate in more money paid to the universities => more money to hire/expand teachers/classes etc.?

[Scarlett]

[quote=bearishgurl](…)I think there are and will be too many incoming students who are qualified and want to attend CA public universities when there are insufficient billets. Thus, they will have to go private or out of state if they want to work on a four-year degree. This could cause some parents to move to another state at least one-year prior to HS graduation to establish residency. Or move after HS graduation and their new graduate taking one year off to work. Out-of-state tuition cost 2.5 to 3 times as much as in-state tuition. It is needless to pay that if the parents can otherwise transfer in their job(s) or obtain a new one.[/quote]

I don’t think many parents now close(r) to the retirement (in their 50s) would up and go just for the kid to get residency in a certain state. Jobs for “older” people are harder to find too. So that leaves the kids having to borrow a boatload of money to pay for an out-of-state and/or private college.

Coming back to California – if there will be many more in-state QUALIFIED applicants, wouldn’t that translate in more money paid to the universities => more money to hire/expand teachers/classes etc.?

[Author]

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