http://www.coyoteblog.com/coyote_blog/2008/02/kept-down-by-th.html Dispatches from a Small Business Sun, 12 Feb 2012 09:39:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.coyoteblog.com/coyote_blog/2008/02/kept-down-by-th.html/comment-page-1#comment-9810 Adam Tue, 03 Jun 2008 00:00:30 +0000 http://coyote-blog.com/wordpress/2008/02/kept-down-by-th.html#comment-9810 <p>Princeton is not the most expensive school in the country. Nor is Harvard. It doesn't even make the top 10 list of most expensive schools (Forbes). I am a recent graduate and I have very little reservation in saying that the high dollar amount of my student loans is a direct result of the current economic structure. As you know, all public state college tuition is subsidized by the state(thats why its more expensive for out of state students). Colleges are increasing tuition rates annually at an average of 6% per year. At the same time states, like Ohio, continually lower the rate of tuition subsidization. Now, student loan lenders like Sallie Mae (who work with the government to secure loans) say they are not able to continually support student loans without the direct involvement of the government. Private student loan lenders, like Citi and others, are completely withdrawing from this sector of the banking market because of unsustainability and losses. It seems to me that the current system in place that is designed to assist people who desire an education is not working. So much so that the government has already intervened and lowered interest rates on student loans. It's difficult to see how one can say that the current economic structure has nothing to do with the rising cost of education. </p> Princeton is not the most expensive school in the country. Nor is Harvard. It doesn’t even make the top 10 list of most expensive schools (Forbes). I am a recent graduate and I have very little reservation in saying that the high dollar amount of my student loans is a direct result of the current economic structure. As you know, all public state college tuition is subsidized by the state(thats why its more expensive for out of state students). Colleges are increasing tuition rates annually at an average of 6% per year. At the same time states, like Ohio, continually lower the rate of tuition subsidization. Now, student loan lenders like Sallie Mae (who work with the government to secure loans) say they are not able to continually support student loans without the direct involvement of the government. Private student loan lenders, like Citi and others, are completely withdrawing from this sector of the banking market because of unsustainability and losses. It seems to me that the current system in place that is designed to assist people who desire an education is not working. So much so that the government has already intervened and lowered interest rates on student loans. It’s difficult to see how one can say that the current economic structure has nothing to do with the rising cost of education.

]]> http://www.coyoteblog.com/coyote_blog/2008/02/kept-down-by-th.html/comment-page-1#comment-9809 JimO Sat, 01 Mar 2008 14:19:48 +0000 http://coyote-blog.com/wordpress/2008/02/kept-down-by-th.html#comment-9809 <p>I have a son in Harvard that actually got a couple thousand dollars back this year because his private scholarships plus Harvard's grants more than covered this year's expenses. 'Put down by the man', my butt. I worked summers, nights and weekends to pay for a crappy local college...the kids today should be thankful for the breaks they receive and take full advantage of the education offered. </p> I have a son in Harvard that actually got a couple thousand dollars back this year because his private scholarships plus Harvard’s grants more than covered this year’s expenses. ‘Put down by the man’, my butt. I worked summers, nights and weekends to pay for a crappy local college…the kids today should be thankful for the breaks they receive and take full advantage of the education offered.

]]> http://www.coyoteblog.com/coyote_blog/2008/02/kept-down-by-th.html/comment-page-1#comment-9808 stan Mon, 25 Feb 2008 01:16:10 +0000 http://coyote-blog.com/wordpress/2008/02/kept-down-by-th.html#comment-9808 <p>Davidson has no student loans.</p> Davidson has no student loans.

]]> http://www.coyoteblog.com/coyote_blog/2008/02/kept-down-by-th.html/comment-page-1#comment-9807 Allen Sat, 23 Feb 2008 04:06:32 +0000 http://coyote-blog.com/wordpress/2008/02/kept-down-by-th.html#comment-9807 <p>Soon they'll be complaining about the debt on their Saks card. ;)</p> Soon they’ll be complaining about the debt on their Saks card.

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