Frustration over mounting student debt reaches a new high

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  • cmsense Kaysville, UT
    May 23, 2014 6:29 a.m.

    Where does all the money go to? It would be interesting to know the causes of seeming double digit price increases each year for decades. I do think we are at a tipping point simply because students can't bear any more debt. Is it just that government grants and loans are so generous that Universities just raise their tuition to capture all that money because they can? Has the Professors and Administraters saleries and benefits just exploded?

    State colleges don't have to pay property taxes and they are non profit. The cost of computers etc have come down in price in relative terms over time. Many courses don't change much year to year such as generals like basic math, english, and history courses. Computers and online courses should or at least could be make college cheaper.

    I can see that high priced labs and research can be quite expensive but at the same time they also can actually be profit centers for the university when researchers bring in big government grants to fund the studies.

    I sure hope its not the football coaches salary that fuels the tuition hikes. Does anyone know?

  • Dr. Thom Long Beach, CA
    May 21, 2014 8:33 p.m.

    I have a student in Afghanistan who is a Marine Scout Sniper and taking a class in managerial economics through a for profit university and doing extremely well This type if access and support doesn't usually come from traditional brick and mortar schools, and publicly supported schools are more of a modern development than most appreciate. There is waste in any organizations and education is not an exception.

  • Shane333 Cedar Hills, UT
    May 21, 2014 5:03 p.m.

    The ease of acquiring student loans is one reason why the price of higher education keeps going up. Universities have no incentive to keep their tuition down when students can so easily get loans to cover the rising tuition rates. It's a bubble and a circular problem. Easy loans mean universities can keep raising tuition which in turn lead to more student loans.

  • Wildfan Ogden, UT
    May 21, 2014 3:33 p.m.

    Amen to Ironmomo, those are the schools with the predatory practices, overpromising and underdelivering, and bilking federal financial aid out of billions. Just look at the "alleged" legal troubles of Stevens Henager, signing up homeless people just to get the financial aid.

    Utah's public colleges (minus Big Red) are comparatively inexpensive and pretty good bang for your buck, just be smart about taking out loans and how you use that money. And if students plan ahead in high school there are lots of ways to get help with college costs.

  • Liberal Ted Salt Lake City, UT
    May 21, 2014 10:12 a.m.

    A large part of the problem is the student themselves. They take the all of the loans they possibly can. Purchase a car, get a nice apartment, purchase a computer, go on a trip to reward themselves etc.

    If they used it strictly for tuition and books, and worked a job to pay rent, food, transportation etc they wouldn't have soo much debt on graduation. Or like smart students that work and pay cash as they go through school, you can graduate debt free.

    The other problem is the school and the politicians that run them, keep broadcasting numbers that if you get a degree. Any degree. You're starting salary will be at least $60,000. That is only applicable for some degrees.

    Stop misleading students!

  • Ironmomo Ogden, UT
    May 21, 2014 8:15 a.m.

    Eliminate funding of student loans for most of the for profit colleges with their ridiculous programs and we'll be a lot better off.

  • KTar Boise, ID
    May 21, 2014 7:40 a.m.

    I dropped out of college as a newlywed due to the financial strain it was causing for my wife and I. At the time I had multiple family members encourage me to take out loans to pay for school. Five years later, I'm earning more than most of my college educated friends, and I'm not trying to pay back a huge debt. Eduction should be sought after, but today's system is not what it used to be. That bachelors degree that used to almost guarantee you a good paying job has all but vanished.

  • high school fan Huntington, UT
    May 21, 2014 2:39 a.m.

    Too much money being spent here. Schools have no incentive to keep costs down nor do students care because it is someone else's money. Schools are ripping of the student with today's high tuition costs and students then rip off the tax payer by not repaying the loan that should never have been allowed to get this high in the first place.