Where is the $19k/year number coming from? That is not the cost of attending UNC Charlotte for an in-state undergraduate. Tuition and fees for 12+ hours are $2,936/semester, so call it $6k total. Sure, there are other costs, such as say dorms, but they can be avoiding if the kid lives at home (which is what happens if they go to CPCC), and greatly mitigated if they live with roommates in an off-campus apartment.
Im not worried about the now - I am worried about it in 16 years.
A co-worker of mine has a kid who is an in-state freshman living in Lynch, and his bill for the year is $19,200. This of course includes tuition, room, and meals. Does not include books. I couldn’t believe it either. Everyone doesn’t have the luxury of living close enough to a nice in-state school to be able to live at home. His costs were slightly higher than what the site below states, but they could have gone up again since this site was researched.
http://www.collegedata.com/cs/data/college/college_pg03_tmpl.jhtml?schoolId=1601
A co-worker of mine has a kid who is an in-state freshman living in Lynch, and his bill for the year is $19,200. This of course includes tuition, room, and meals. Does not include books. I couldn’t believe it either. Everyone doesn’t have the luxury of living close enough to a nice in-state school to be able to live at home. His costs were slightly higher than what the site below states, but they could have gone up again since this site was researched.
http://www.collegedata.com/cs/data/college/college_pg03_tmpl.jhtml?schoolId=1601[/quote]Jesus, when I was a freshman in 2005, I think my parents paid like 11,000 for tuition, room, and board. Insane how much the costs have increased in such a short period of time.
I’m 35 years old with many years of engineering as well as owning my own business. I’m pursuing an MBA and I still don’t know what I want to do from time to time. Do you really expect a 19 year old to know?[/quote]
I’m not saying they should know exactly what they want to do the rest of their life. I am saying that if they focus they should be able to find something that suits them to get a degree in and that will help them pursue the direction that they will and/or may ultimately end up. I’ve said it at least once if not multiple times, degree type does not = job type unless you’re an engineer, nurse, or architect (among others). Most kids are not becoming engineers, nurses, and architects though, so you can’t use those 3+ fields as an excuse to delay. Furthermore, many “focused” careers need past a BS/BA – you can get a degree in anything and go to law school, or for that matter medical school.
People were able to “figure it out” by 19 for generations. When did the 5-year plan become the new norm? Why is it the new norm?
I’ll leave you with this – one of the biggest viral video’s last year was of a graduation speech entitled “you’re not special”. It’s cultural, IMO.
Congrats on pursuing the MBA - lots of engineers I know have done the same and have found it helpful in their careers, especially if they own the business.
no comment needed
[quote=“ninerID, post:66, topic:27429”]
no comment needed[/quote]
The ease of obtaining student loans continues to drive prices up.
The only reason you have the ease of the student loan is the Banks / Mafia cartels that are providing the loans that can not be discharged in BK. You might as well sign in blood. I know buyer beware but until a couple of years ago the fantasty they were selling was hard to detect.
Just part of the shakedown of the masses by the Banks in their quest for…
I was an out of state freshie in 2000 and with room and board (Ho-house) It was $18,500 with a $500.00 scholarship I wanna say… Lynch is the learning community so that one is going to be pricey.
That is pretty nutts still though, but most of my kids these days do live off campus after their freshman year, and I lived off after my freshman year, the new dorms are about $5k+ a year(9 1/2 months) plus the $2500-3k+ mandatory meal plans, compared to Campus Edge which is $400-500 per month(12month lease usually required) If kids can live off of $200 per month for food that would be around $1800 for 9months, averages out to maybe a little under $6k for off campus vs on campus that would be probably be $8-9k for top end dorms/ meal options, you can obviously make it less expensive on campus, but, that’s why there are 20+ apartment complexes within a mile of campus.
[quote=“NinerWupAss, post:67, topic:27429”][quote=“ninerID, post:66, topic:27429”]
no comment needed[/quote]
The ease of obtaining student loans continues to drive prices up.[/quote]
Bingo, it’s the same method that led to the housing bust.
I’m 35 years old with many years of engineering as well as owning my own business. I’m pursuing an MBA and I still don’t know what I want to do from time to time. Do you really expect a 19 year old to know?[/quote]
I’m not saying they should know exactly what they want to do the rest of their life. I am saying that if they focus they should be able to find something that suits them to get a degree in and that will help them pursue the direction that they will and/or may ultimately end up. I’ve said it at least once if not multiple times, degree type does not = job type unless you’re an engineer, nurse, or architect (among others). Most kids are not becoming engineers, nurses, and architects though, so you can’t use those 3+ fields as an excuse to delay. Furthermore, many “focused” careers need past a BS/BA – you can get a degree in anything and go to law school, or for that matter medical school.
People were able to “figure it out” by 19 for generations. When did the 5-year plan become the new norm? Why is it the new norm?
I’ll leave you with this – one of the biggest viral video’s last year was of a graduation speech entitled “you’re not special”. It’s cultural, IMO.
Congrats on pursuing the MBA - lots of engineers I know have done the same and have found it helpful in their careers, especially if they own the business.[/quote]
A graduation ceremony is the largest group of happy unemployed people that you can find.
Like I said, I had 20k in Student loan debt when I graduated (2005). The cost of higher education has nearly quadrupled in that time.
There are a lot of things in this country that are out of whack. SLD is one of the worst.
A co-worker of mine has a kid who is an in-state freshman living in Lynch, and his bill for the year is $19,200. This of course includes tuition, room, and meals. Does not include books. I couldn’t believe it either. Everyone doesn’t have the luxury of living close enough to a nice in-state school to be able to live at home. His costs were slightly higher than what the site below states, but they could have gone up again since this site was researched.
http://www.collegedata.com/cs/data/college/college_pg03_tmpl.jhtml?schoolId=1601[/quote]
That has to include upcoming summer school costs.
Its fine if you want to include the cost of housing and board, but to be fair, those things don’t become magically free if your kid goes to a community college or stays at home. You (or they) still have to pay for a place for them to live and to eat. The cost of the college education (at UNC Charlotte) is roughly $6,000. The other $13,000 is just the cost of living, and the University does not appear to be charging a particularly high rate for rent and food. If they are, then the kid can simply live in an apartment and buy food from the Teeter.
Does anybody really think that anybody can live comfortably in the University City part of Charlotte for much less than $13k/year? I bet you are actually paying that when they are high school seniors - you just don’t notice it because you don’t write a separate check for it.
[quote=“VA49er, post:70, topic:27429”][quote=“NinerWupAss, post:67, topic:27429”][quote=“ninerID, post:66, topic:27429”]
no comment needed[/quote]
The ease of obtaining student loans continues to drive prices up.[/quote]
Bingo, it’s the same method that led to the housing bust.[/quote] Now that’s a big problem. An equitable solution will be difficult to find and nearly impossible to implement due to the influence of (say it all together, now) money and politics.
I like your housing bubble analogy. If the bogus theory behind giving “liar loans” was that housing prices could not decline and therefore the loans were safe from default, I can’t come up with a parallel bogus theory behind student loans. After all, even if education prices continue to rise, one can’t sell his education the way a house would be sold to pay off the loan.
I’d really like to see some analysis of how student tuition is spent to see if there is true waste and graft involved. I suspect that there is.
IF and thats a HUGE IF (just look at the graph above)costs hover around where they are now I could see myself saying I will pay for your education. Living expenses are up to you: you can either live and eat at home or move into an apartment, but I am not paying for that. If you want it, get a job.
[quote=“Ninerdawg, post:74, topic:27429”]Its fine if you want to include the cost of housing and board, but to be fair, those things don’t become magically free if your kid goes to a community college or stays at home. You (or they) still have to pay for a place for them to live and to eat. The cost of the college education (at UNC Charlotte) is roughly $6,000. The other $13,000 is just the cost of living, and the University does not appear to be charging a particularly high rate for rent and food. If they are, then the kid can simply live in an apartment and buy food from the Teeter.
Does anybody really think that anybody can live comfortably in the University City part of Charlotte for much less than $13k/year? I bet you are actually paying that when they are high school seniors - you just don’t notice it because you don’t write a separate check for it.[/quote]
You are not arguing the cost of community college in NC versus a 4 year college are you? If the kid lives at home costs will increase, but housing does not. I pay the same regardless. Water and electricity has a minimal increase. Internet, phone, and cable do not increase. Food increase is maybe the percentage of their part of the household. I don’t need additional insurances on their belongings that are in my house.
When that kid goes to college in an off-campus apartment you have additional housing, electricity, internet, cable, and renter’s insurance. As a family when you buy groceries you buy in more bulk saving money. College kids tend to not due this, and they are more apt to eat out or order delivery. There is no feasible argument that you can make about the cost of a kid at home versus one that is not.
What the University does is they have figured out what it costs to live off-campus, and they offer the same services on-campus with a (Safety) mark-up. Off-campus you do not have access to security like you do on-campus. Most of the meal plans have a mark-up as well, but the University is smart enough to require one. It is that turn-key service that parents are paying for. Send us a check and we’ll make sure your kid eats, sleeps, and is protected.
Dowless, I agree that it is vastly cheaper for a kid to live at home with respect to housing. For food, the costs are close to a wash - the kid either eats at home on the family budget or eats where they live on a different budget. There are some dis-economy of scales, but they are not orders of magnitude different. (Teenagers eat much more than 1/N of the family food budget where N is the number of people in the house.)
What I am arguing is that the $19k number people are throwing around is not really the cost of college. It is the cost of college (about $6k) PLUS the cost of setting a kid up to live semi-independently in a city. Those addition $13k costs are basically the same whether the kid is going to college, junior college or just working (although many families would not support them if they were working.) I agree with your statement that the on-campus housing and services are basically the market price of housing (with really good security, i.e. your own police force) in Charlotte.
UNC Charlotte’s tuition and fees are about 3 times higher than CPCC (instate), but we are still talking about less than $3k/semester. This is highly affordable.
When I was a student at Charlotte (98-02) I lived in University Club (it was brand new August 1998) and my rent was $295 a month and included cable.
If a student can’t get a part-time job to swing rent and food on their own, then don’t expect much of them after 4 years of college.
When I started college my parents thought that the 3 meals/day, 7 days/week, all-you-can-eat food plan was the biggest bargain in the world. I weighed 142 lbs and could eat my weight in food every week. They couldn’t get me out of the house quickly enough.