4 ms·

The headline could read: Parents and children are waking up to the student loan con game.

throwup238 3y ago
CSU is the cheaper state university system in California. It costs like $6,000 per year for in-state students. If they were waking up to the con game, more would be going there.
- Escapado 3y ago
  Which is still about twice of what I paid for my entire bachelors and masters education in germany and it included a ticket for the entire public transport system in my city for the entire 5 years and full access to _very_ comprehensive library (of both physical books and e-books so there was no need to buy even a single book during my studies). I may speak from a perspective of ignorance here but I believe 6000$ a year is still prohibitively expensive for a lot of people, especially if they don't want to accrue debt.
  - shuckles 3y ago
    Americans take home a lot more money than Germans.
  - thehappypm 3y ago
    I don’t know, I think it’s still a good deal, I’d rather have cheap tuition and low taxes than high taxes and no tuition
    - zingelshuher 3y ago
      Agree, it's better to be rich and healthy than poor and sick.
  - mik1998 3y ago
    It's an infinity% more than what I paid for university in Poland
    - deleted 3y ago
      [deleted]
    - zingelshuher 3y ago
      Some were even payed for university. Those were times when almost nobody actually could afford to pay, socialism, <beep>
  - ramesh31 3y ago
    >I may speak from a perspective of ignorance here but I believe 6000$ a year is still prohibitively expensive for a lot of people, especially if they don't want to accrue debt. Reality is almost no one pays that. Out of state and international students are just about the only folks paying tuition at CSU. Nearly everyone else is covered by the various state/federal grants, and community colleges are essentially free.
  - r00fus 3y ago
    At one point, California had free community college. They could have expanded that to CSU instead of charging for CC as well. But some people in the ownership class have to get new yachts...
- deleted 3y ago
  [deleted]
- darth_avocado 3y ago
  It's not just the cost of tuition, cost of attendance in California is extremely high because cost of living in California is extremely high. You'd have to compare it with enrollments across the country.
- kion 3y ago
  Tuition and non-tuition costs have both absolutely skyrocketed and made CSUs unaffordable for a lot of people. I went to Cal Poly, my entire freshman year was ~$6000 in 1997. It was an even split between $3k tuition and 3k student housing/food. I could actually mostly pay my own tuition without finical aid, holding a part time campus job. Today those numbers are $11.5k tuition and ~21.5k non-tuition (https://www.calpoly.edu/financial-aid/costs-and-affordability/undergraduate-costs-of-attendance https://www.calpoly.edu/financial-aid/costs-and-affordabilit...) which is triple the inflation adjusted value from 1997. After 4 years (5 more likely) you're looking at > $125k in costs, which absolutely puts most people into massive loan debt. Even a part time job ($16/h) would offset barely a third of this. CSU is just beyond expensive compared to 20 years ago.
wl 3y ago
In-state tuition for the CSUs is on the order of $13,000/yr. I don't think an aversion towards student loans explains this.
- aniftythrifrty 3y ago
  If only that even closely resembled the true cost to attend college.
- beej71 3y ago
  For comparison, when I went to CSUC it cost ~$3000/year for tuition (2024 dollars). And boy were we pissed at Pete Wilson for making it cost that much. The only thing that makes it worth becoming a grade school teacher is PSLF. Otherwise you'd be in debt for life. Situation is dire.
alistairSH 3y ago
If by con you mean "a degree is worth, on average, about $1 million over a career vs high school only".[1] Yes, there are degrees that don't confer an obvious or immediate value, but on whole, college still pays off, even with loan interest included. And I don't mean to imply college shouldn't cost less, it should. https://www.wral.com/story/fact-check-do-college-graduates-earn-1-million-more-over-a-lifetime-than-high-school-graduates/20783647/ https://www.wral.com/story/fact-check-do-college-graduates-e...

CSU is the cheaper state university system in California. It costs like $6,000 per year for in-state students. If they were waking up to the con game, more would be going there.

Escapado 3y ago
Which is still about twice of what I paid for my entire bachelors and masters education in germany and it included a ticket for the entire public transport system in my city for the entire 5 years and full access to _very_ comprehensive library (of both physical books and e-books so there was no need to buy even a single book during my studies). I may speak from a perspective of ignorance here but I believe 6000$ a year is still prohibitively expensive for a lot of people, especially if they don't want to accrue debt.
- shuckles 3y ago
  Americans take home a lot more money than Germans.
- thehappypm 3y ago
  I don’t know, I think it’s still a good deal, I’d rather have cheap tuition and low taxes than high taxes and no tuition
  - zingelshuher 3y ago
    Agree, it's better to be rich and healthy than poor and sick.
- mik1998 3y ago
  It's an infinity% more than what I paid for university in Poland
  - deleted 3y ago
    [deleted]
  - zingelshuher 3y ago
    Some were even payed for university. Those were times when almost nobody actually could afford to pay, socialism, <beep>
- ramesh31 3y ago
  >I may speak from a perspective of ignorance here but I believe 6000$ a year is still prohibitively expensive for a lot of people, especially if they don't want to accrue debt. Reality is almost no one pays that. Out of state and international students are just about the only folks paying tuition at CSU. Nearly everyone else is covered by the various state/federal grants, and community colleges are essentially free.
- r00fus 3y ago
  At one point, California had free community college. They could have expanded that to CSU instead of charging for CC as well. But some people in the ownership class have to get new yachts...
deleted 3y ago
[deleted]
darth_avocado 3y ago
It's not just the cost of tuition, cost of attendance in California is extremely high because cost of living in California is extremely high. You'd have to compare it with enrollments across the country.
kion 3y ago
Tuition and non-tuition costs have both absolutely skyrocketed and made CSUs unaffordable for a lot of people. I went to Cal Poly, my entire freshman year was ~$6000 in 1997. It was an even split between $3k tuition and 3k student housing/food. I could actually mostly pay my own tuition without finical aid, holding a part time campus job. Today those numbers are $11.5k tuition and ~21.5k non-tuition (https://www.calpoly.edu/financial-aid/costs-and-affordability/undergraduate-costs-of-attendance https://www.calpoly.edu/financial-aid/costs-and-affordabilit...) which is triple the inflation adjusted value from 1997. After 4 years (5 more likely) you're looking at > $125k in costs, which absolutely puts most people into massive loan debt. Even a part time job ($16/h) would offset barely a third of this. CSU is just beyond expensive compared to 20 years ago.

wl 3y ago

In-state tuition for the CSUs is on the order of $13,000/yr. I don't think an aversion towards student loans explains this.

aniftythrifrty 3y ago
If only that even closely resembled the true cost to attend college.
beej71 3y ago
For comparison, when I went to CSUC it cost ~$3000/year for tuition (2024 dollars). And boy were we pissed at Pete Wilson for making it cost that much. The only thing that makes it worth becoming a grade school teacher is PSLF. Otherwise you'd be in debt for life. Situation is dire.

alistairSH 3y ago

If by con you mean "a degree is worth, on average, about $1 million over a career vs high school only".[1] Yes, there are degrees that don't confer an obvious or immediate value, but on whole, college still pays off, even with loan interest included. And I don't mean to imply college shouldn't cost less, it should. https://www.wral.com/story/fact-check-do-college-graduates-earn-1-million-more-over-a-lifetime-than-high-school-graduates/20783647/ https://www.wral.com/story/fact-check-do-college-graduates-e...