Another cautionary debt story

futurenyustudent
Fri, 24 Oct 2008 06:26:28 +0000

Some people are so determined to go to schools they just cannot afford - including OOS public schools that work out very expensive - it makes no sense to me at all.



Ceteris paribus (same GPA, comparable courseload, comparable ECs, etc), Does a student have the same grad school/employment prospects at Alabama State University as at the University of Virginia? My answer is absolutely not. And that explains things.

You’re assuming that Alabama State University and the University of Virginia are equal. TRUST ME, they’re not. If you even implied as such I’m sure many UVa students would be totally insulted.

Oh, and I think the government has its head in the sand with regards to the rising cost of higher education. I got an email from the president of NYU in may-saying he’s raising tuition by 6%! That’s about 3 times the rate of inflation. We don’t see college tuition credits being adjusted for inflation, nor do we see stafford loan limits being adjusted for inflation. Yet, at many universities the cost of tuition is rising at 3 times the rate of inflation.