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What if there were no student loans?

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Old 12-01-2011, 06:15 PM
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TheRadioFlyer
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Default What if there were no student loans?

If you could only afford to go to college by paying out of pocket, would you have gone to college? Would you have taken as many classes per semester? How long do you think it would have honestly taken to complete a 4-year degree plan?

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Old 12-01-2011, 06:18 PM
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Red99SS
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If there weren't student loans, college wouldn't cost so much in the first place, so it wouldn't be a big deal.
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Old 12-01-2011, 06:19 PM
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Originally Posted by Red99SS View Post
If there weren't student loans, college wouldn't cost so much in the first place, so it wouldn't be a big deal.
Interesting conclusion. How did you come to it?
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Old 12-01-2011, 06:23 PM
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Originally Posted by Red99SS View Post
If there weren't student loans, college wouldn't cost so much in the first place, so it wouldn't be a big deal.

simply supply and demand. Profs and asst profs, and graduate assistants, etc. wouldn't be making the $$$ either.
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Old 12-01-2011, 06:27 PM
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The reason it costs an arm and a leg is because foolish 18 year olds who were never taught how money works sign up for 80 grand worth of debt. More people have access to education money, demand for education continues to go up, costs continue to go up. You spend $500 a semester on books you don't even read 15% of. You pay $100 a week to eat D grade meat. You pay $1,000 a month to live in a one room dorm. These kids simply have access to the money from loans, so they keep jacking the prices up. My university charged $150 for a parking pass. Really? I'm paying you tens of thousands of dollars and you can't even toss me a place to park without taking more?
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Old 12-01-2011, 06:27 PM
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Without loans, I would've still gone, but would have stayed at the University where I started (much less expensive than where I finished up).

IIRC, there was a 15 year term (maybe 20 yr) on my two notes. Paid those beotches off in 4 years. Ridiculous amount of interest if paid full term.
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Old 12-01-2011, 06:54 PM
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Originally Posted by Red99SS View Post
The reason it costs an arm and a leg is because foolish 18 year olds who were never taught how money works sign up for 80 grand worth of debt. More people have access to education money, demand for education continues to go up, costs continue to go up. You spend $500 a semester on books you don't even read 15% of. You pay $100 a week to eat D grade meat. You pay $1,000 a month to live in a one room dorm. These kids simply have access to the money from loans, so they keep jacking the prices up. My university charged $150 for a parking pass. Really? I'm paying you tens of thousands of dollars and you can't even toss me a place to park without taking more?
By and large, the secondary education system is a complete racket
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Old 12-01-2011, 06:56 PM
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stop the loans and the cost would drop in half or more.
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Old 12-01-2011, 06:57 PM
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Originally Posted by theradioflyer View Post
If you could only afford to go to college by paying out of pocket, would you gone to college? Would you have taken as many classes per semester? How long do you think it would have honestly taken to complete a 4-year degree plan?
My folks paid my way 100%. They worked hard to earn money so they could. Here's an idea though; if you want to go to college, work while you go to college.
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Old 12-01-2011, 06:57 PM
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I paid for my schooling and it took me 5 years to graduate. Had to work full time the whole time.
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Old 12-01-2011, 07:00 PM
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Originally Posted by Red99SS View Post
If there weren't student loans, college wouldn't cost so much in the first place, so it wouldn't be a big deal.
I paid cash as I went (late '80's) and I didn't know any different. Worked two jobs to pay for frat house fees and tuition/books.
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Old 12-01-2011, 07:19 PM
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My father, my student job, my widowed mother, and my new FIL all helped pay for my degree. No student loan. Of course, that was 40 years ago.
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Old 12-01-2011, 07:21 PM
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And so far, the explanation is weak. I mean less students would equal less staff so the payrolls would be reduced so that would make it cheaper? I guess....
Originally Posted by theradioflyer View Post
Interesting conclusion. How did you come to it?
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Old 12-01-2011, 07:25 PM
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Originally Posted by Red99SS View Post
If there weren't student loans, college wouldn't cost so much in the first place, so it wouldn't be a big deal.

I'm working with some young guys that have almost $40k in student loans from trade school.

The colleges and trade schools are loving student loans and grants.
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Old 12-01-2011, 07:29 PM
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I got into a college/work co-op deal. I worked full time for the company, and they paid for my tuition, and also allowed a few hours of "early leave" here and there, so I could get to classes on time. (evening classes)
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Old 12-01-2011, 07:34 PM
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There were no student loans when I went to college and I worked and payed for my education! I went to the bank to close my account after I graduated and got back $5. I owned a car, my clothes, and $5. Fortunately I had a job waiting.
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Old 12-01-2011, 07:37 PM
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Originally Posted by repo View Post
And so far, the explanation is weak. I mean less students would equal less staff so the payrolls would be reduced so that would make it cheaper? I guess....
Payrolls would be cheaper and fewer instructors would be needed, and the school wouldn't be throwing up ten million dollar buildings every few years. My university was under a constant state of construction because they had so much damn money.
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Old 12-01-2011, 07:43 PM
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Originally Posted by Red99SS View Post
The reason it costs an arm and a leg is because foolish 18 year olds who were never taught how money works sign up for 80 grand worth of debt. More people have access to education money, demand for education continues to go up, costs continue to go up. You spend $500 a semester on books you don't even read 15% of. You pay $100 a week to eat D grade meat. You pay $1,000 a month to live in a one room dorm. These kids simply have access to the money from loans, so they keep jacking the prices up. My university charged $150 for a parking pass. Really? I'm paying you tens of thousands of dollars and you can't even toss me a place to park without taking more?


Add in a state like GA with the HOPE scholarship and the .gov (tax payer) is on the hook for the first year, and every year up to 120 hours as long as you have a 3.0 GPA.
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Old 12-01-2011, 07:44 PM
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Originally Posted by Red99SS View Post
Payrolls would be cheaper and fewer instructors would be needed, and the school wouldn't be throwing up ten million dollar buildings every few years. My university was under a constant state of construction because they had so much damn money.
Not to mention, the whole place is run by any number of "public service" unions
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Old 12-01-2011, 07:45 PM
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You’d probably have smarter students in school.....the students who don’t take out $100K in student loans to get a degree in Library Science and then wonder why they can’t pay their loan off when they are making $22K/year.

Most of our “new generation students” are so damn financially irresponsible. Yes, most are Room temperature IQ F-tards.
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