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Many students pay way more than they have to. I graduated from a top-10 public school (in-state) after transferring from community college and my total bill was
by aggie 10y ago
Many students pay way more than they have to. I graduated from a top-10 public school (in-state) after transferring from community college and my total bill was about $35k. That's not nothing, but also not a ball-and-chain six-figure mark that some people accrue.
There are better options than a lot of people have taken. To me the solution has to involve better financial and career counseling for high school graduates.
- visarga 10y agoNatural selection at work. Some make the wrong choice to take too much debt.
- hueving 10y ago>Natural selection at work. Some make the wrong choice to take too much debt. That will backfire when enough people have made the wrong choice that the decide to vote someone in office who promises to wipe out the debt.
- giardini 10y agoPrecisely! Visarga is bold enough to speak the obvious truth! Problem is many, if not most, incoming students are unable to understand the financial ramifications of student loans. This does not bode well for their futures, especially in technical fields. David Letterman once joked that "The lotto is a tax you pay for not paying attention in math class." One might say the same about college student loans.
- matwood 10y agoAs an aside, your lotto comment made me think of expected value (EV) and poker. At some point the pot of a lotto can become large enough where the EV demands you buy a ticket. Taxes I think make this number almost impossible to reach though.