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College is a racket
Posted on 5/4/19 at 10:17 am
Posted on 5/4/19 at 10:17 am
The colleges all now take as many as 50% out of state students. As an example (in my house),a kid from Georgia who is a good student could get in to Purdue easier than he could get into Georgia Tech, and a good student from Indiana could get into Tech but not Purdue, however both would have to pay out-of-state tuition. A kid from Tennessee can get into Georgia easier than a kid from Georgia can get into Georgia. Yet that school is so restrictive on kids from inside its own state. It seems crazy to me to be so restrictive in-state but take the money from out of state. They are completely fricking the taxpayer in each state. The schools are not serving the best interests of their state citizens anymore. It's a racket and it's racking up billions in student debt. Yet I don't hear any legislators talking about that. As a taxpayer that pisses me off.
This post was edited on 5/4/19 at 10:19 am
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Posted on 5/4/19 at 10:21 am to TailbackU
That's because out of state tuition makes more money than in state kids. They can entice them with benefits, but they still make more off of them.
Posted on 5/4/19 at 10:29 am to TailbackU
I helped move in my younger brother into his dorm this year. His Chicago roommate asked “who is that” as we hung a Derrick Henry picture
Frickin Out of State kids
Frickin Out of State kids
Posted on 5/4/19 at 10:31 am to TailbackU
College is a bubble that’s going to pop sooner rather than later. The money wasted on overhead is unreal and tuition just keeps on going higher and higher.
My lab got a grant two or three years ago now and I remember being shocked that like half of it evaporated before it ever got to us in the form of overhead.
My lab got a grant two or three years ago now and I remember being shocked that like half of it evaporated before it ever got to us in the form of overhead.
Posted on 5/4/19 at 10:41 am to Glorious
quote:
Derrick Henry picture
Who is that? Pic?
Posted on 5/4/19 at 10:45 am to weadjust
quote:
Who is that?
Oh my young Padawan
Posted on 5/4/19 at 10:47 am to TailbackU
Scholarship boyz checking in
Posted on 5/4/19 at 10:49 am to TailbackU
Perimeter College has a setup with Tech to transfer after two years, assuming your numbers are good. My SIL went that route. Saved alot of money too.
Posted on 5/4/19 at 10:51 am to deeprig9
Gainesville State has same setup with UGA. My wife went that route and it has worked out well for us.
Don't be so discouraged.
Don't be so discouraged.
Posted on 5/4/19 at 10:55 am to TailbackU
OP is 100% right.
This post was edited on 5/4/19 at 10:56 am
Posted on 5/4/19 at 10:57 am to Ross
Yes it will bust sooner rather than later. Companies like Google and Facebook announcing they are not requiring degrees for certain jobs will only speed up the process. I could see “VoTech” schools making a big comeback, but with a focus on computer and tech type applications.
Posted on 5/4/19 at 11:01 am to deeprig9
quote:
Perimeter College has a setup with Tech to transfer after two years, assuming your numbers are good.
quote:Baton Rouge Community College has similar with LSU. That was cheap enough that I paid my son's tuition out of pocket.
Gainesville State has same setup with UGA
Posted on 5/4/19 at 11:02 am to TailbackU
quote:
They are completely fricking the taxpayer in each state. The schools are not serving the best interests of their state citizens anymore.
State universities generally have two sources of revenue: state funding and student* tuition + fees. State funding has drastically decreased over the last 30 years. So that means these schools need to get more and more money from the students through tuition and fees. This has a two-fold effect: 1) tuition increases across the board 2) schools targeting students who will bring in more revenues (out-of-state students).
Because basically anybody with a pulse can qualify for federally-backed student loans, there has been no 'check' on the tuition hikes and people keep enrolling at the same pace as before. Also, there is a facilities race at campuses around the country to entice more and more students to enroll.
Like you said, 'they aren't serving the best interests of their state citizens anymore' because they are instead serving the best interest of the students who provide the revenue (wherever they may be). Without getting too far into politics, this is the result of cutting budgets and cutting taxes and 'allowing a freer market'. For better or worse
eta: *federal funding flows primarily through students as grants. Also, donations and endowments provide some revenue but have remained relatively stable over time
This post was edited on 5/4/19 at 11:20 am
Posted on 5/4/19 at 11:50 am to UAtide11
quote:
Without getting too far into politics, this is the result of cutting budgets and cutting taxes and 'allowing a freer market'. For better or worse
I'm not sure I agree with this. Making student loans available to anyone and pushing that 'everyone needs to go to college' is a political trope that led to the universities to raise tuition and bloat their own administratons with layers of unecessary bureaucracy and useless curricula to appeal to a broader and broader number of students.
I also think its criminal to saddle a young person with what amounts to be a mortgage without a house. Before they ever set out on their own.
I agree with others on here that it is a bubble ripe to burst.
John Stossel did a nice piece on it a few years ago
Posted on 5/4/19 at 12:11 pm to TailbackU
Posted on 5/4/19 at 12:12 pm to GoldenSombrero
quote:I suspect that the "trades" are gonna see a significant uptick, too.
Yes it will bust sooner rather than later. Companies like Google and Facebook announcing they are not requiring degrees for certain jobs will only speed up the process. I could see “VoTech” schools making a big comeback, but with a focus on computer and tech type applications.
Posted on 5/4/19 at 12:49 pm to coachcrisp
quote:
I suspect that the "trades" are gonna see a significant uptick, too.
I have a perfectly fine college degree... that has zero impact on what I do for a living. But it did cost me 20 grand or so to pay off. A lot of folks go to college now that really should not be in college. The degree they get will not help them in life and will only cost them money.
The benefit of joining, as an example, the Sheet Metal Worker's Union, is that you get paid while you learn. With an in demand trade you can make solid middle class money.
The problem is that you probably do need to be part of a specialized union to make decent money for most jobs and you have to kick back part of your wages to support said union. Sure, they do provide a pension but its fairly small potatoes.
Posted on 5/4/19 at 1:32 pm to TailbackU
There are two “professions” in this country that desperately need to be liquidated Comrade Stalin style and they are college professors and news media. Those two groups of people better be really glad I’m powerless.
And OP this was a great thread man. Upvote
And OP this was a great thread man. Upvote
Posted on 5/4/19 at 2:22 pm to bamagreycoat
quote:
bamagreycoat
snowflake
Posted on 5/4/19 at 3:28 pm to TailbackU
Gotta get that sweet, sweet out of state tuition. Although we have a cool thing in FL where veterans pay in state tuition.
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