Let's not point that out, because it's so obviously false. Or has Obama been president for 30 years? barfo
Me too. I have two stepsons who finished up last year. Each is $70,000 in college debt. I've co-signed the loans and they are unable to find work. This could may not only bankrupt them but me as well. And the feds will loan only up to $25K so the rest are private loans. Scary times.
Obama must control the states cutting subsidies for education too. Man, I would hate being a republican with Obama controlling so many things.
This has literally nothing to do with the federal student loan program that Obama himself signed into law.
I was referring to the loans, but you're right, unions have driven up the cost of a college education more than anything else has. For this yutz to try and blame it on others is an insult to anybody who actually follows the news. Unfortunately, most of these idiots in college are too busy being on Twitter and living off of mom and dad's dwindling retirement funds.
Well, in Oregon, PERS payment to public employees who are "retired" takes up 9% of the entire state budget, and a large chunk of that come out of the budget for education. Read up a bit. You live in Oregon, right? Somebody has to pay for the public leeches to retire at age 50.
I am so happy to have finished college when I did. Tuition was really starting to jump while I was in college. In the 2-3 years after graduating, I can remember friends telling me their tuition for a quarter was almost as much as I had been paid for what was considered a full-year (3 quarters) about mid-way through my college experience. (For those confused by the full-year equaling what was considered a full-year... the 4th quarter was summer, and that was not a regular quarter, with limited and odd class availability.)
The company I worked for out of my undergrad paid for my MBA. Without that, I'd probably still be in debt. Luckily, student loans were competitive back then, keeping interest rates at manageable levels, and the economy was growing, meaning that in Oregon, you couldn't find enough qualified candidates to fill every opening. Things have changed so much since then. Before I went out on my own, we were getting 250 qualified applicants for positions that started at $75k in base. The same job was paying $100k just 5 years earlier, but that supply and demand thing has driven down pay.
BlazerProphet, I'm actually curious as to why you think college tuition has risen so much over the past 15 years. If it's not the public unions, what is it?
My interest rate is just below 3% or something like that. Which ain't bad. What are they like today? I know I got my loans rolled and wrapped into one (and locked into a low rate) just before some huge changes to that industry.
It's doubling on July 1st, whatever it is now. Funny thing is that Obama didn't even vote against that bill.
I'm waiting for the bailout on these (for those with signicant debts and no job, or a job that does not pay one enough to repay the debts). I only owe like $8K on mine (never had more than $14K). Again, it'll be a situation where every gets a bailout, except me. I've seen so many handouts given, financial situations forgiven, and none have yet to benefit me. It's not that I have a problem with the American people getting bailouts (though I do with the corporations that have been given them), it's that it's frustrating that I did pretty much everything by the book, and my being a responsible teen to college student to graduate.... I've been given no breaks. I had to do everything myself, while I've seen several peers get handouts. It sends the wrong message IMO. Reward the slackers, ignore the people who have made every attempt to do right and played the game the way it's supposed to be played.
I'm not really sure. I think it's many things combined- loss of state/federal funds, liability (driven by lawsuits), teacher unions demanding higher salaries, more and higher maintenance costs, increasing taxes on properties, and just the fact they can as in supply & demand. Keep raising tuitions and other costs until enrollments start to decline. As one small example, most the books one of my stepsons required for his math degree are about $400 in the university bookstore. We found the exact same book edition on Amazon for about $100. We also noticed that as their 4 years went by they had to pay more for food services and yet got fewer meals. I might add the quality of food was generally poor.
Which state taxes have been lowered in the past 15 years in Oregon? Lower taxes? What are you talking about?
