OT - College Admissions Math | Page 2 | The Boneyard

OT - College Admissions Math

Dizzy21 said:
Yeah, net cost is key. Also, as not too many people are that fiscally responsible, a lot of people tend to think that getting a cheap loan for expensive college actually makes it affordable. They do find out that when they get out of college it sucks, but I do think the ease of which government backed loans are given out for college plays into people not really caring how much it costs, at least of lot of people, especially those who never took college loans out before...
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Gov't backed loans top out at $5.8k. You can't take out more than that for undergrad. It's the private loan industry that is the problem. The gov't backed loans are not the problem. In fact, when I was in school 30 years ago, govt back loan top end was $3k, so these things have not gone up much. It's the private side that is causing all the trouble.
 
JMick said:
I have a really, really hard time believing that
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A lot people think this guidance people are selling snake oil. I understand that the whole application process is a huge headache and confusing, but you can get all the info you need by spending hours digging through info on the internet.
 
Public schools are planning massive expansions.

So--whether they hire staff to meet the new demand is another question. They may not. Which is how they can bring in more students without worrying about new expenditures.

The cost per student will like go down (cost per student is total academic budget divided by number of students).

They are also talking about hiring permanent untenured clinical staff teaching multiple classes for average incomes (in the $40k range) because the use of adjuncts is becoming more and more untenable.

I would make the strong argument though that being educated by such professional staff, even those with advanced degrees and PhDs, etc., is not much of an education. If faculty are not involved in research, what are they teaching you? So, the idea is that at the introductory level you may have people teaching who are not involved in research. I think it will become stale.
 
upstater said:
Gov't backed loans top out at $5.8k. You can't take out more than that for undergrad. It's the private loan industry that is the problem. The gov't backed loans are not the problem. In fact, when I was in school 30 years ago, govt back loan top end was $3k, so these things have not gone up much. It's the private side that is causing all the trouble.
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My point wasn't necessarily govt or non govt, but rather cheap loans to anyone, but isn't it 5.5k per year for subsidized government back loans with a max of 23k subsidized and 9.5K per year un-subsidized govt backed loans with a max of 57k, 23k of those subsidized for undergrad and then 140k for graduate I believe. Regardless, my point is not so much the government part, but rather the cheap loans part that they give to everyone, which leads people to believe the education is cheaper until they get that first jobby job and realize they are screwed with the forever loan payments and a job that doesn't pay enough for all the loans and rent and then they have to live with their parents ahaha!
 
upstater said:
A lot people think this guidance people are selling snake oil. I understand that the whole application process is a huge headache and confusing, but you can get all the info you need by spending hours digging through info on the internet.
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I don't believe it but I couldn't find the percentage on the internet. I can see the appeal to UConn by charging higher tuitions and becoming more of a national university, but it should exist to serve the state population first.
 
TRest said:
A financial services professional who gets involved with families seeking guidance on paying for college told us that of UConn's incoming freshmen, a large percentage is now out-of-state students. Over 50%, which seemed much too high for a state university.
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TRest said:
I don't believe it but I couldn't find the percentage on the internet. I can see the appeal to UConn by charging higher tuitions and becoming more of a national university, but it should exist to serve the state population first.
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Some info here... The state of UConn in 15 charts (See charts 4 & 5)
(caveat - assuming data is accurate.)
 
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J187Money said:
I'm not a big fan of transferring. Unless you are in a major that requires going to a certain school I'm not sure it is helpful. And if he feels he has to go to UCONN he could branch. But who knows how it will all turn out.
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Transferring is difficult. I transferred from Bradley University (Illinois) to UConn at the start of my junior year and that process was much more difficult than I expected. The juniors already had their cliques well established and I had outgrown hanging out with freshmen.
 
J187Money said:
My son got in, so he is 3 for 3 at this point, waiting on 7 more. But pretty sure he is going to be a Husky!
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Congrats. I'll be here in 3 years with my post worrying about this stuff. Since we are in Mass, I'm really temped to try to steer her to the midwest or south. I'd be happy if she applies at UConn though.
 
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J187Money said:
My son got in, so he is 3 for 3 at this point, waiting on 7 more. But pretty sure he is going to be a Husky!
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Ultimately we are going in another direction - he really wanted to run in college so we are going DIII.
 
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