Comments on: Is a $10,000 Degree Possible?

By: FrugalRules

FrugalRules — Thu, 18 Oct 2012 03:17:03 +0000

In reply to DC @ Young Adult Money. I was not meaning that it would be $10K in loans, but $10k total. I think it's possible, but not probable at all. I think major sacrifices would be needed and even then would be a challenge. Like Sean said maybe subsidizing from an endowment or something like that.

By: DC @ Young Adult Money

DC @ Young Adult Money — Wed, 17 Oct 2012 22:56:06 +0000

In reply to Money Life and More. @Money Life and More they are talking a $10k college degree BEFORE scholarships!

By: Money Life and More

Money Life and More — Wed, 17 Oct 2012 22:02:09 +0000

It is possible if you get a lot of scholarships but would still be difficult. I got some scholarships but probably could have gotten more if I put a lot of work into it.

By: Eyesonthedollar

Eyesonthedollar — Wed, 17 Oct 2012 20:32:46 +0000

I think the four year degree idea needs to be changed. If you know what you want to do, you should be able to work toward that track instead of taking electives if you don’t want. In COLLEGE, I took aerobics, music appreciation, history of western civilization, and tons more that have nothing to do with what I do now just because they were requirements. I also went into college with 9 hours of AP English credit but still had to take English 101 because it was “required”. I get the well rounded person idea, but with tuition so expensive, I think we could streamline, get more people educated in relevant fields, and get them into the work force without astronomical debt. If you want to take all the other classes and can pay for it, great, but don’t subject everyone to that.

By: AverageJoeMoney

AverageJoeMoney — Wed, 17 Oct 2012 19:28:39 +0000

Amen, said the choir. Well stated argument against government intervention. It seems that colleges are unable to stop themselves from spending every dime they get. Of course, part of this is that we seem to have an insatiable appetite for education, so it’s easy to just keep jacking up rates when there’s unlimited demand.

By: TacklingOurDebt

TacklingOurDebt — Wed, 17 Oct 2012 18:26:55 +0000

It just amazes me how expensive getting a college degree has become. Even years ago there was a college in our city called DeVry and it was a known fact that most of the graduates ended up declaring bankruptcy because even when they got great jobs they couldn’t afford to repay their HUGE student loans. Today, in Canada you can no longer declare bankruptcy on student loans either.

By: seedebtrun

seedebtrun — Wed, 17 Oct 2012 17:27:05 +0000

I expect to spend 10 times that amount for each of my kids.. which is frightening.. but realistic..

Personally, I think that subsidizing college is one of the very best uses of our tax dollars