Friend of Bevo

[java]

The last line wasn't meant literally, but figuratively. I think Perry is slimy and vindictive, and will ruin anyone who crosses him in the political arena. I wish that someone had exposed him 20 years ago for the vindictive little man that he is and prevented him from playing politics with our public universities.

Forgive me for not making that clear earlier. I abhor violence of any sort, except when it comes to pedophiles, in their case, I think if some sort of state sanctioned prevention program could be developed that could prevent them from ever doing it again, I would probably support it.

 

[echeese]

it did seem out of character with the rest of your post. . .which I agreed with .. . 

As far as Perry and TEXAS goes. . . .i think some of it is aggie pettiness but I agree that the system (universities) is broke and needs repair. . .

We continue to inflate costs to students who pay for it with loans they now cannot repay. . .it's insane. . . .

 

[Randolph Duke]

it did seem out of character with the rest of your post. . .which I agreed with .. .

As far as Perry and TEXAS goes. . . .i think some of it is aggie pettiness but I agree that the system (universities) is broke and needs repair. . .

We continue to inflate costs to students who pay for it with loans they now cannot repay. . .it's insane. . . .

Tuition and fees for a full year at UT is $9,600. Average per full time student cost to operate UT is roughly $40,000. If the student contribution of 25% and the $9,600/yr cost is your definition of a broken system, I would beg to differ. The student contribution at aggy is almost 40%. And those are operating costs, so there is no AUF contribution to factor in. The bigger problem is we lack an effective higher education coordinating board to reduce needless duplication of resources and we lack a land grant style institution to offer a practical, low cost college degree.

Using nationwide metrics, UT is not an example of students being forced to assume outrageous debt that their degree cannot prepare them to be able to repay.

 

[echeese]

Tuition and fees for a full year at UT is $9,600. Average per full time student cost to operate UT is roughly $40,000. If the student contribution of 25% and the $9,600/yr cost is your definition of a broken system, I would beg to differ. The student contribution at aggy is almost 40%. And those are operating costs, so there is no AUF contribution to factor in. The bigger problem is we lack an effective higher education coordinating board to reduce needless duplication of resources and we lack a land grant style institution to offer a practical, low cost college degree.

Using nationwide metrics, UT is not an example of students being forced to assume outrageous debt that their degree cannot prepare them to be able to repay.

Beg away all you wish. . . . .$26,000 (estimated total cost per year at TEXAS)  X 4 =  $104,000. . . .so even if a student contributes 25%, they leave college $75,000 in debt. . . .

A MASSIVE financial burden. . .multiplied by 21 million nationally. . . .$1,600,000,000    $1.6 TRILLION  in debt . . .

 

[Topstarr]

Beg away all you wish. . . . .$26,000 (estimated total cost per year at TEXAS)  X 4 =  $104,000. . . .so even if a student contributes 25%, they leave college $75,000 in debt. . . .

A MASSIVE financial burden. . .multiplied by 21 million nationally. . . .$1,600,000,000    $1.6 TRILLION  in debt . . .

If the student has common sense along with his education and is a HARD WORKER, they can pay off their $75,000.00 less than 8 years. My kids did it and  are making money and living good.

But if the student does not have WILL, but has give up .....then no.      CASE CLOSED!!!!!!

 

[doc longhorn]

it did seem out of character with the rest of your post. . .which I agreed with .. . 

As far as Perry and TEXAS goes. . . .i think some of it is aggie pettiness but I agree that the system (universities) is broke and needs repair. . .

We continue to inflate costs to students who pay for it with loans they now cannot repay. . .it's insane. . . .

I agree 100% on this - it's madness.

Where does it all end?   Where is the cap?   Are we going to see a day when going to a university will cost $100,000 a semester?  It doesn't appear that it is far off

 

[java]

My pet peeve is scholarship money. Millions of dollars each year are awarded, but not enough is awarded based on merit.

 

[Randolph Duke]

Beg away all you wish. . . . .$26,000 (estimated total cost per year at TEXAS) X 4 = $104,000. . . .so even if a student contributes 25%, they leave college $75,000 in debt. . . .

A MASSIVE financial burden. . .multiplied by 21 million nationally. . . .$1,600,000,000 $1.6 TRILLION in debt . . .

Nice try, but your calculations are horribly flawed. The cost of tuition and fees for a year at UT is right at $9,600/yr. Based on your numbers, the remaining $16,400 would presumably be for room and board. For a 10 month school year, we are talking $1,640/ month for housing and food.

If the individual chose not to go to college, would they not need a place to live and something to eat? Of course they would. The $1,640/mo has nothing to do with the cost of attending college.

$1,000/mo for 10 months a year for 4 years. Do you think the investment of the price of an automobile that can be financed at government subsidized rates over 20 years is a bad investment? I don't. If a college degree from UT doesn't put an individual in a position to earn an incremental $200/mo over the first 20 years of their career, the problem isn't that college tuition rates are too high. Mind you, that $200/mo figure assumes the individual didn't save a dime over to 18 years to put in a tax advantaged investment program to pay for college.

 

[java]

In addition, UT will also accept AP tests and passing scores on CLEP tests (that was as of 2005, may want to verify). If a kiddo worked hard in high school or is very good in certain areas, AP test scores and CLEP tests should give them some advanced placement credit.

This saves money and time. Though, what student ever really wants to leave Austin?

 

[Topstarr]

got it together now.

 

[echeese]

Nice try, but your calculations are horribly flawed. The cost of tuition and fees for a year at UT is right at $9,600/yr. Based on your numbers, the remaining $16,400 would presumably be for room and board. For a 10 month school year, we are talking $1,640/ month for housing and food.

Numbers are from US News' college site. . . . . .what is horribly flawed is people who do not realize the real cost of burying kids in debt. . . 

Many kids also do not graduate in 4 years and/or attend advanced degree courses running the bill up even further. . . 

$100,000 @ 20 years at 4% (current rates) is  3 X your estimate .. .$600 a month, a healthy debt payment walking out of college. . .

 

[Randolph Duke]

got it together now.

echeese worked his numbers based on an assumption that not a single one of 21 million college students saved any money while growing up, was helped by their parents in any way, received any scholarships or earned even $1 by working during their four years in college.

If a kid decided to wait until college to worry about they were going to pay for it and borrowed four years of living expenses because they chose not to contribute to their education, it should be no surprise they soon learned that was a bad decision.

 

[strick]

I started a 529 plan the week my son was born.  Hope to do everything I can to help him fund college.  Seems to be the least I can do, but I know not all parents feel that way.

 

[echeese]

Great. . . .cut the total numbers in half. . . . .though you assume every kid goes to college at TEXAS' costs which isn't accurate either

It still remains a huge nut for kids to cover. . . . .

Here's a news flash. . . .many american families do live pay check to pay check. . . their parents experience job losses that set them back etc . . . .

Perhaps you are not aware of the looming danger of the student loan bubble bursting.. . . .but we cannot continue to kick this problem down the curb much longer. . . .

 

[streettopeschel]

I suspect McPhaul never envisioned this thread working out like it did.

 

[Randolph Duke]

Great. . . .cut the total numbers in half. . . . .though you assume every kid goes to college at TEXAS' costs which isn't accurate either

It still remains a huge nut for kids to cover. . . . .

Here's a news flash. . . .many american families do live pay check to pay check. . . their parents experience job losses that set them back etc . . . .

Perhaps you are not aware of the looming danger of the student loan bubble bursting.. . . .but we cannot continue to kick this problem down the curb much longer. . . .

If a kid doesn't go to college they still have the cost of putting a roof over their head and for food. Those costs are irrespective of whether the kid goes to college or not. The actual cost of attending UT is roughly $10k/yr. At some point, either you invest in your kid's future or you don't.

The problem with student loans is the lenders have no reason to ensure the borrower will be able to graduate and pay the loan back. Student loans are a volume business where the default risk isn't a consideration. The problem isn't the $40,000 in tuition debt some kids end up with. The problem is too many student loans are offered to kids who have no business going to college or to pay tuition at schools that don't prepare students for a career.

 

[Tlouhorn]

I find the Major Realignment story here much more interesting than the Stansbury story...

Any of you in the know, or anyone with an opinion:

1. How likely is this to actually happen?

2. What criteria do you think will be used to determine the 65 or so schools that will be included?

 

[Horn78]

Very excited to hear about realignment coming. The Big 12 is dying a slow death in opinion. Darrell you got any idea how involved Patterson has been with initiating realignment talks?

 

[Sirhornsalot]

Great weather we're having.

 

[Bear19]

Great weather we're having.

SHA

Speaking of whether I assume the nursery could never get my horse herb in. Since I do not have a way to irrigate I think it's far too late to try to plant now.