Yes. When I was in college in the 60s and 70s, I could "pay as I went" with small loans and working two part time jobs, so I graduated from both undergraduate and graduate school with no debt. This was largely possible because public universities were subsidized since it was considered an asset to the country if people got an education. …
Yes. When I was in college in the 60s and 70s, I could "pay as I went" with small loans and working two part time jobs, so I graduated from both undergraduate and graduate school with no debt. This was largely possible because public universities were subsidized since it was considered an asset to the country if people got an education. That's no longer the case, and no longer possible so that if there was no help for those who can't afford college, then there would only be rich kids going to college. Burdening college graduates with unbelievable debt hurts us all. It's time we reconsidered using the capitalist strategy for absolutely everything since this only benefits a small portion of the population.
Same here. Small loans all repaid and federal grants and scholarships. Graduate school was $22 a credit hour and the loan interest rate was 3% fixed. Edited: (my point being, the system was a lot more fair in the 60's and 70's especially for low income kids. I could not afford college today even while working.)
I actually took out small personal loans from the student services center short term loan program, and paid it back over the term. I believe there was almost no interest on these loans.
I, too, worked part-time (two jobs). I also enjoyed the benefit of the GI Bill. Ended up in night school as I opted to start a career in the private business sector. No debt. That took a bit longer, but it was a success.
Student loans have become preditory. Colleges now want to be profitable institutions. It is as though what was "up" now is "down"; and, vice versa. The concepts about what was ethically moral went out the window long ago.
Yes. When I was in college in the 60s and 70s, I could "pay as I went" with small loans and working two part time jobs, so I graduated from both undergraduate and graduate school with no debt. This was largely possible because public universities were subsidized since it was considered an asset to the country if people got an education. That's no longer the case, and no longer possible so that if there was no help for those who can't afford college, then there would only be rich kids going to college. Burdening college graduates with unbelievable debt hurts us all. It's time we reconsidered using the capitalist strategy for absolutely everything since this only benefits a small portion of the population.
Same here. Small loans all repaid and federal grants and scholarships. Graduate school was $22 a credit hour and the loan interest rate was 3% fixed. Edited: (my point being, the system was a lot more fair in the 60's and 70's especially for low income kids. I could not afford college today even while working.)
I actually took out small personal loans from the student services center short term loan program, and paid it back over the term. I believe there was almost no interest on these loans.
Free public education as Thomas Jefferson envisioned is much lower cost than this loan stuff.
I, too, worked part-time (two jobs). I also enjoyed the benefit of the GI Bill. Ended up in night school as I opted to start a career in the private business sector. No debt. That took a bit longer, but it was a success.
Student loans have become preditory. Colleges now want to be profitable institutions. It is as though what was "up" now is "down"; and, vice versa. The concepts about what was ethically moral went out the window long ago.
Brilliant post. Thank you.