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Student debt now exceeds $1 Trillion
#1
Well we've seen this one coming for a while.

Student loan debts tops $1T; Rising college costs*combine with fewer grants to cause more borrowing** - NY Daily News

This one really gets me going:

Quote:“It’s the failure of state and federally subsidized grants to keep pace with the rising cost of higher education,” said Mark Kantrowitz, financial aid expert and founder of FinAid.com.

So a "financial aid expert" (and a completely unbiased one, at that) calls for more subsidies, completely ignoring the fact that by and large education subsidies drive up the cost of education because schools know they have a steady supply of guaranteed income and have no incentive to compete for scarce dollars. That combined with the recent 90/10 rule creates a bizarre regulatory pressure on schools to keep raising tuition, which makes government give more subsidies, which raises tuition again, ad infinitum. banghead
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Complete: TESU BA Computer Science
2011-2013 completed all BSBA CIS requirements except 4 gen eds.
2013 switched major to CS, then took a couple years off suddenly.
2015-2017 finished the CS.

CCAF: AAS Comp Sci
CLEP (10): A&I Lit, College Composition Modular, College Math, Financial Accounting, Marketing, Management, Microecon, Sociology, Psychology, Info Systems
DSST (4): Public Speaking, Business Ethics, Finance, MIS

ALEKS (3): College Algebra, Trig, Stats
UMUC (3): Comparative programming languages, Signal & Image Processing, Analysis of Algorithms
TESU (11): English Comp, Business Law, Macroecon, Managerial Accounting, Strategic Mgmt (BSBA Capstone), C++, Data Structures, Calc I/II, Discrete Math, BA Capstone

Warning: BA Capstone is a thesis, mine was 72 pages about a cryptography topic

Wife pursuing Public Admin cert via CSU.
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Messages In This Thread
Student debt now exceeds $1 Trillion - by dcan - 03-23-2012, 07:17 PM
Student debt now exceeds $1 Trillion - by ryoder - 03-23-2012, 07:28 PM

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