tag:blogger.com,1999:blog-31670799.post3404933083239266066..comments2023-11-02T09:44:15.693-04:00Comments on The Center for College Affordability and Productivity: Good and Bad NewsCenter for College Affordability and Productivityhttp://www.blogger.com/profile/18041956958538598371noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-31670799.post-2531472496667847682007-11-06T11:36:00.000-05:002007-11-06T11:36:00.000-05:00I have to agree with you max. At some point the co...I have to agree with you max. At some point the cost to attend college is just not going to be worth it because so much of a college grad's net income after graduation is going to have to go to paying down student loan debt.<BR/><BR/>Parents and their high school college candidates must sit down and do the math if they are going to mortgage their college education.<BR/><BR/>As tuition increases the incentive to borrow one's way through college will decrease. I think the first signs of this phenomenon might be seen in the number of out-of-state students at colleges - beginning with the "Brand Name Recognition" schools first and then working down through the "Joe Six Pack" colleges.<BR/><BR/>I think we might also see a move away from degree programs like sociology, HPER, history, and other degree programs that aren't real money-makers after graduation.<BR/><BR/>The way things are going now is just not sustainable and the big time colleges will see their prospective students making a change to "Joe Six Pack" colleges with a strategy of "a college degree from Joe Six Pack U. is better than no college degree at all". There's also a possibility that the prospective college students who are sitting on the fence trying to decide whether to go to college will decide against it because they don't want to be deep in debt when they graduate.<BR/><BR/>The bottom line is that, as I said, the path we are on now has a breaking point. And I don't think the point is about the supply of credit, I think it's about how much debt a student is willing to take on.RWWhttps://www.blogger.com/profile/16345147132602206121noreply@blogger.comtag:blogger.com,1999:blog-31670799.post-58940704268485321022007-11-06T10:08:00.000-05:002007-11-06T10:08:00.000-05:00This comment has been removed by the author.RWWhttps://www.blogger.com/profile/16345147132602206121noreply@blogger.comtag:blogger.com,1999:blog-31670799.post-20319560701463951112007-11-05T21:14:00.000-05:002007-11-05T21:14:00.000-05:00check out these links. it's surprising that the wa...check out these links. it's surprising that the way banks are almost collapsing has not affected the student loan market. but then again, the way things are going, student loans may soon be affected. how can they continue to lend at the rate they are lending while this storm swirls all around them? how can they be left unaffected?<BR/><BR/>http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/06/cnciti106.xml<BR/><BR/>http://news.independent.co.uk/busin<BR/>ess/news/article3132507.ecePaul Johnsonhttps://www.blogger.com/profile/12193445205559033843noreply@blogger.comtag:blogger.com,1999:blog-31670799.post-58721010002044578752007-11-05T20:35:00.000-05:002007-11-05T20:35:00.000-05:00lets face it, colleges are in business to make mon...lets face it, colleges are in business to make money - non-profit or not. education is a secondary endeavour as far as i'm concerned. there's no way to stop the student loan business because they have as much right to be in business as any other business. but if lenders keep lending money hand over fist like they do, they are running a risk. first, if the attrition rate at colleges is 50%, and those students who drop out owe money, there's a good possibility that most of the drop outs are going to default. there's also a risk that a number of students who graduate are going to default and this is because of predatory lenders. joe or jane graduates from college, wants to buy a home and gets an adjustable rate or jumbo loan. they get credit cards with usury interest rates. all of a sudden they are leveraged to the hilt and operating on leveraged cash flow. next thing you know, they realize they need to file for bankruptcy. but the way the bankruptcy reform law was written, the mortgage lender forecloses on jane or joe before they can even file with the court - which is why we are seeing so many millions of foreclosures over the last year. so let the student loan compamies keep lending more and more due to demand and rising tuition costs. guess what you get? another sub-prime type debt crisis. if we have monetarily huge defaults on student loans, the credit (student loans) will dry up and after a period of time loosen up a bit but with tighter restrictions. this is the only scenario that i can think of that would reduce the supply of credit for paying college tuition. and if this ever happens only then will we see tuition costs drop in my humble opinion.Paul Johnsonhttps://www.blogger.com/profile/12193445205559033843noreply@blogger.comtag:blogger.com,1999:blog-31670799.post-35382675606370033912007-11-05T14:54:00.000-05:002007-11-05T14:54:00.000-05:00Seems a lot of people just accept the fact that bo...Seems a lot of people just accept the fact that borrowing to pay for college is the way things work - no questions asked.<BR/><BR/>Well pardon me but the more I read this blog, the more pissed off I'm getting. <BR/><BR/>There should be needs-based and merit scholarships.<BR/><BR/>And very soon we won't be able to determine merit as the schools aren't giving out grades anymore - they get a 1, 2, 3, or a 4. And each number is defined in a manner as to not offend anyone, or create a competitive environment. <BR/><BR/>It used to be, Johnny, you little shit - you got an "F". Now it's, Johnny, you got a 1? What the hell does that mean? Will you get to go to the next grade level?<BR/><BR/>Schools are going down the toilet - just like our do nothing, divisive, vitriolic government and we're going to go down the shitter with it.<BR/><BR/>Get rid of student loans altogether and see how gd fast tuition comes down.<BR/><BR/>This whole situation is incredibly STUPID and I am sick of it. Citizens of this country seem to be walking in their sleep. When are more people going to draw a gd line and say, "ENOUGH IS ENOUGH". When?<BR/><BR/>You can delete this message of you like due to my choice of words - they are a "tinge" off color. But for God's sake - we act like a bunch of gd sissies. Grrrr!!!!!RWWhttps://www.blogger.com/profile/16345147132602206121noreply@blogger.comtag:blogger.com,1999:blog-31670799.post-14632627818710329942007-11-05T07:56:00.000-05:002007-11-05T07:56:00.000-05:00Students interested in paying for their college ed...Students interested in paying for their college education with <A HREF="http://www.StudentLoansSecrets.com/" REL="nofollow">student loans</A> should shop around before committing to any deal. There are different plans available, and many have specific conditions. Students should understand all of the possibilities.Faithhttps://www.blogger.com/profile/10709826440791283027noreply@blogger.com