American Higher Education

TmomfromOH
Mon, 16 Apr 2012 14:08:28 +0000

There is a HUGE problem in this country when smart kids can get into college, but can’t afford the loans. Many working class parents (like myself) who did not save and could not save for college are being told by a 1967 formula that they have to come up with 80-100,000 for college. My house is not even valued at that amount but I am expected to take out 80,000 in loans, at 511.00 for 25 years. That takes me into retirement years. I still have 2 more kids to get into college. I agree with many people, maybe college is not for all, but even STATE colleges are not affordable. I should NOT have to put my child in CC when there are STATE College. In the end some private colleges gave my D scholarships so the price was the same as the STATE college but that does no good either. Who CAN afford 800- 500 per month and still pay the bills? Maybe the questions you are ask are not the right ones. Because just because the number of students that have Bachelor’s degree have gone up does not mean it has not been a burden. I forsee that the number will go down in the next few years with only the Elite getting eduations and the rest of us getting CC degrees and working at MCDONALDS with it…