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TreasonousBastard

(43,049 posts)

25. The problem goes far beyond those loans...

Sat Apr 17, 2021, 05:40 PM

Apr 2021

Colin Powell, Ed Koch and thousands of others, and me, went to City College for free. It cost me $18 registration per term, plus books and some lab fees.

What eventually happened was the expansion of City University to where anyone with a high school diploma could get in. That obviously cost more than the city wanted to pay, so tuition was started. And standards were lowered.

Lowered by a lot.

At the same time, other recognized colleges and universities were also expanding. Everything from Pell grants to loans fueled the expansion. And for profit colleges made a big push. After all, with all that loan money out there, why not just register everyone?

If you couldn't cut it with NYU or Columbia, there was always U of Phoenix.

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I need some help understanding something [View all] PJMcK Apr 2021 OP

. WhiskeyGrinder Apr 2021 #1

He pursued a very risky career in the performing arts PJMcK Apr 2021 #3

it got a lot harder to find a job that didnt require a degree. mopinko Apr 2021 #2

Good insights PJMcK Apr 2021 #5

by funding higher ed in the 1st place. mopinko Apr 2021 #7

Your recollections in this thread are similar to mine Hekate Apr 2021 #26

A large part of the problem SheltieLover Apr 2021 #4

Wow! PJMcK Apr 2021 #6

I'd read sometime ago about a class-action suit on this SheltieLover Apr 2021 #36

So many can't find jobs, deferrment, I think is only for 6 months SheltieLover Apr 2021 #38

+1000 smirkymonkey Apr 2021 #17

So sorry you were victimized! SheltieLover Apr 2021 #41

Thank you, Sheltie Lover! smirkymonkey Apr 2021 #51

Watch the Operation Varsity Blues docudrama on Netflix if you can MerryHolidays Apr 2021 #8

the part where they cant be discharged in bankruptcy is also a problem. mopinko Apr 2021 #9

I was very close with someone who suicided because of student loans, in large part SheltieLover Apr 2021 #43

Because our economy is one largely based on predation and debt. Hugh_Lebowski Apr 2021 #10

Ironically, my friend is the "I pay too much in taxes" type. wryter2000 Apr 2021 #14

The person I know who went into a lot of debt wryter2000 Apr 2021 #11

Answer is right here ⬅️ underpants Apr 2021 #12

Part of the problem are the for-profit "colleges" that weren't regulated. yardwork Apr 2021 #13

In 1924 my grandfather died. My grandmother was sick and could not work. marie999 Apr 2021 #15

Your mother is a wise woman PJMcK Apr 2021 #40

I too wish they would address this issue Skittles Apr 2021 #16

Student loans are not offered to people like other loans. Politicub Apr 2021 #18

You make a lot of good points PJMcK Apr 2021 #39

Not all parents are involved with their child's college education, or they are baffled by it because Politicub Apr 2021 #46

Your drive for an education is inspiring PJMcK Apr 2021 #48

Multiple reasons, perhaps Retired Engineer Bob Apr 2021 #19

Congratulations on your retirement PJMcK Apr 2021 #37

Thanks for the congratulations Retired Engineer Bob Apr 2021 #52

I was in financial services. gibraltar72 Apr 2021 #20

Income inequality is part of what is dividing our society PJMcK Apr 2021 #34

One student with life-crushing debt is enough, and there are many Oldem Apr 2021 #21

A few thoughts come to mind when I think about student loans. world wide wally Apr 2021 #22

Congratulations to your daughter on her academic accomplishment PJMcK Apr 2021 #33

These are excellent questions StarfishSaver Apr 2021 #23

Your last paragraph PJMcK Apr 2021 #32

Exactly StarfishSaver Apr 2021 #42

I graduated from college without any loans. hunter Apr 2021 #24

Actually, I do have an idea of how hard you struggled PJMcK Apr 2021 #31

The problem goes far beyond those loans... TreasonousBastard Apr 2021 #25

I've noticed the same thing at CUNY PJMcK Apr 2021 #30

As loans became easier to get colleges got Phoenix61 Apr 2021 #27

Exactly right - admin salaries and benefits have grown exponentially FakeNoose Apr 2021 #44

Far too many people, both young people and their parents, PoindexterOglethorpe Apr 2021 #28

Those are terrific insights PJMcK Apr 2021 #29

When I was in my mid 20s, in about 1977 or so, PoindexterOglethorpe Apr 2021 #35

I have some insight into the rising cost of public universities. llmart Apr 2021 #45

Hate to say it, but most people don't understand the concept of loans Generic Brad Apr 2021 #47

I think you're right PJMcK Apr 2021 #49

I grew up in a household that focused on minimum payments Generic Brad Apr 2021 #50