Quote:
Originally Posted by Brian Carlton
I went to a private university (U of R) and the tuition was $4200. at that time, IIRC.
Total cost for four years with room and board was $24k..........less some financial assistance. I was able to graduate with almost no debt.
Today, the same school gets $45K for the same miserable education...........it's unconscionable.
Leaving such a school with $125K debt puts the graduate severely behind the financial curve for many years into the future.
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I went to a private university too. Tuition there for a year was about 1800 per year when I started. Maybe about 3,000 when I finally graduated. I didn't have any debt when I finished. I paid for my liviing expenses out of the GI Bill money I received and the 'rents paid the tuition. Lucky for me.
"Unconscionable" is too polite a word. Screwin' them with their pants on is more like it. My Alma Mater today is in the 50k T&R&B range. To push a kid out the door with 100,000 in debt with their PoliSci or History degree is more like robbery. (Nothing against History, mind you. Twas my major
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100G's in debt at 5% for 5 years is 1,800 per month. For 10 years it's about 1,050. Good luck with that.