General Discussion

MissB

(16,344 posts)

19. That's getting harder to do. Limit for freshman for federal loans is $5500/year.

Thu Sep 5, 2013, 07:58 PM

Sep 2013

Our state university's cost of attendance is around $22k/year. That includes In-state tuition and room/board.

Work study is usually awarded as a need-based award, so plenty of middle class kids can't get that funding.

Summer jobs and savings may not cover the first year's cost, let alone year two through four. The federal loan limits increase a bit each year - like by $1000. Still not enough to close the gap.

When I graduated from college not quite 20 years ago, pay as you go was really quite reasonable. But paying $3k+/term for tuition is not easy for many folks.

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The student loan bubble is starting to burst [View all] n2doc Sep 2013 OP

Holy f'n wow. This is massive. Nuclear Unicorn Sep 2013 #1

Guess they have enslaved enough people to last a lifetime. Criminals. nt Mnemosyne Sep 2013 #2

I hate being enslaved... Bonx Sep 2013 #6

If that's as complex and nuanced as you are capable of seeing this matter RadiationTherapy Sep 2013 #9

+1 brazillion Myrina Sep 2013 #10

Evidently you *love* being enslaved, if that dismissive snark... villager Sep 2013 #14

Fail. n/t dogknob Sep 2013 #15

You have no clue what I meant, apparently. nt Mnemosyne Sep 2013 #17

Maybe they know something they aren't letting on to...? closeupready Sep 2013 #3

Those fields have been plowed under BeyondGeography Sep 2013 #4

Private student loans zipplewrath Sep 2013 #5

Private student loans should be stopped JPZenger Sep 2013 #7

"Pick a cheaper college"? Myrina Sep 2013 #11

That's getting harder to do. Limit for freshman for federal loans is $5500/year. MissB Sep 2013 #19

Interesting timing felix_numinous Sep 2013 #8

I think we will soon see a movement similar to the Refuseniks (colloquial def.) Egalitarian Thug Sep 2013 #12

You mean those "Professional Left" types (formerly liberal moderates) who always villager Sep 2013 #16

That would be them, some of them, anyway. Egalitarian Thug Sep 2013 #20

but TIME's priority is to focus on the need to use school resources to pay athletes Supersedeas Sep 2013 #13

College should be fucking free. JEB Sep 2013 #18

^ This ^ Arugula Latte Sep 2013 #21