Category Archives: student debt

Obama Won – Now What about Education?

I did not cheer or dance when Barack Obama was announced as the winner last night. I was not overly thrilled with Mitt Romney or Obama.

Colleges still face large tuition fees and students graduating with larger and larger student loans. I feel like this trend is similar to the high gas prices faced across the country. When gas prices started to go up, people thought maybe it was just a phase and that prices were going to come back down. Now… I do not hear anyone talking about gas prices coming back down. Unfortunately, I feel this is the same thing for colleges and college books.

There are some universities offering large online classes for free, but these classes are currently not for credit. I am not sure what that means for the future of education. Will colleges shift to free online degrees? I am not against online courses… but it is much easier to cheat online. That is the only negative thing I can really say about online courses. That, and you know… interacting with people.

I want college tuition rates to come down. I want student loans to become a thing of the past because students no longer need to borrow to attain a college education. However… I have not seen anything from either major political party which positively impacts the education issue. What do you think should be done to control or eliminate college tuition rates? It is really helping poor people to graduate with college loan debt and no job? Is it helping poor people to graduate with college loan debt but get a job that cannot pay off their student loan debt?

I wish the United States had more than two main political parties. I saw parts of me in the Republican Party, and parts of me in the Democratic Party… and parts of me in the Green Party. I want the government to spend less. I want better environmental controls for factories. I want less jobs being sent overseas. And I want better education for grades kindergarten through college.

We need change we can believe in… not smoke and mirrors that promise a new direction yet stays on the same path.

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Are too many young people going to college?

A college education was once regarded as a first-class ticket to a better life.

But the rising costs of higher education, the burden of student loans and a less-certain job market have left many wondering: Are too many young people going to college?” — SOURCE: Wall Street Journal

College education is very important, but with the current tuition rates it appears to be a financial liability that outweighs the financial benefits. What do you think?

Obama (or Romney) … Will you Buy Me a Car?

2012 Election Issues
http://www.ford.com/cars/fusion/

Dear President Obama (or Mitt Romney),

Please buy me a Ford Fusion Hybrid to help compensate for the outrageously high college tuition rates which have been sweeping the nation (and to offset the high gas prices too)! I can barely afford pizza and beer. If you are unwilling to buy me a car, then please do some SERIOUS work to get college tuition rates down. Also do some work to get the cost of college textbooks down!

Thanks for your time! Have a nice day.

Oregon College Education is Broken (and Broke)

Many students do not think about the loans they will be paying back, at least not until after they graduate. But tuition rates in Oregon are projected to go up again.

For Southern Oregon University the tuition increase is to offset a $2.5-million budget shortfall. For Portland State, the combination of tuition and fees is going down slightly… partly by allowing students who do not have health insurance to opt-out of health insurance if they do not want it. At the University of Oregon, the most expensive public university, tuition and fees are expected to exceed $9300.

According to the Gazette Times, “OSU’s anticipated tuition increase is still less than what it saw last year, when it rose 8.1 percent. The tuition increases are partially due to the decreasing share of state allocations. The Oregon University System received 16 percent less in state funds for the 2011-13 biennium compared to the last biennium, or $691 million compared to $824 million.”

How are professors supposed to assign a textbook to read for class when the student tuition and fees are already so high? Textbooks add to the problem because the cost of textbooks has risen at a pace of 4-times the rate of inflation.

When is enough ENOUGH? California has been devastated by the college tuition crisis, and it feels like Oregon is following the same model. People of Oregon… demand better from your state’s leaders. Demand better for your children.

Student Loan Debts reach 1-Trillion Dollars

Last year, I asked students in my class a question which made a lot of them uncomfortable: “Why are you in college?” Some of them said to get a better job, some said to find a career, some said because they didn’t have anything else to do after high school, and some said because their parents told them to go to college.

But does college education bring a better job? It’s a little unfair to ask an 18-year-old to understand the intricacies of the job market and how a college degree will help them(approximately half of all recent college graduates are unemployed or underemployed). But for many of these kids they did not understand the student debt aspect of it either. And now, many of them are paying for it.

Colleges across the United States are struggling to pay bills which results in  increasing tuition rates. The rate increases impact student debt, and for students to be entering college with such a low understanding of that debt is bothersome. Should an 18-year-old understand everything they are signing when it comes to money? Yes. Of course yes they SHOULD. But they don’t. Should students who want a college education finish college with student loan debt of $100,000 or more? No. Of course no. But they do.

What is the best answer? I don’t know. I don’t think college education is a “ponzi scheme,” but I do believe the costs that students pay for tuition is way too high… which leads to student loan debts of $100,000 or more. Personally as a graduate student I have over $60K in student loan debt, and it is a struggle to keep it lower while getting my PhD. When I hear about how much undergraduates pay for their tuition in California and Oregon it makes me cringe, especially when I hear they are paying with loans. Here are some other stories about debt struggles: Stories on Student Debt.

Today, the national student loan debt reached 1-Trillion Dollars. As a future college professor this saddens me. What do you think about  college student Debt?