Tragedy of student loans shown in graphic

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  • RBB Sandy, UT
    Jan. 27, 2013 9:03 p.m.

    I feel for students who run up large debts in college. However, the last several times I have visited one of our local colleges I have taken a look at the cars in the parking lots. It seems like a lot of students have pretty nice wheels. I am concerned by rising tuition and the ever growing administration buildings. However, I wonder how much of those student loans are going toward lifestyle.

  • Tekakaromatagi Dammam, Saudi Arabia
    Jan. 25, 2013 7:06 a.m.

    I am one who has always supported student loans. If given the choice between spending on affluent seniors or spending on student loans, I would choose student loans. Investing in the young is a better option than affluent seniors.

    But I understand that the effect of student loans is to permit universities to charge more for an education, etc. without having students drop out. Students don't drop out, they get bigger loans which does not hel[ them in the long term.

    Someone proposed here that a solution would be to have lots of universities. Instead of giving money to students to pay for college, build more colleges. The competition would drive down the cost of an education.

    (It may not be such a bad idea for medical care either).

  • Diligent Dave Logan, UT
    Jan. 24, 2013 8:53 a.m.

    IMO, due to what has been the soaring rise in salaries and benefits of primarily professors and administrators over the last several decades, college costs have rocketed to upper atmospheric levels. This, in turn, has pushed the costs of going to a college or university too far up, IMO. Back in the mid-1970's, when I attended the University of Utah, tuition and books pushed me into 6-month credit union loans, not lifetime mortgages, as today's college educations do.

    Colleges then were also more inclined to give credit for knowledge gained on one's own. Now they want your money for most of the credit they will give you. Taking the CLEP (College-Level Examination Program) tests, I was able to test out of an entire school year! While working heavy part-time jobs (30 or more hours per week), plus taking 20-credit hour quarters (the "U" had quarters instead of semesters then), I paid for 12 hours and got 20.

    Skipping just one summer quarter, I got two bachelor degrees in 3-1/2 years. But, back then, families were larger. People had more babies. Lots of youth helped keep cost down. So did lack of greed.