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CSM out-of-state transfer student. Am I making a bad choice?

Dec 14, 2010 by BADGUY | Posted in Financial Aid

"I'll attend a public school in Colorado insignificant in fall 2011. I currently live in Illinois.
- Colorado School of Mines

Outside of formal tuition and everything else will cost me $ 40,000 a year.

Earlier because you ask a federal grant, does not mean you will get. If you do, the Pell Grant maximum is 5550 a year. (If you're ready, you must be poor).

How does someone like myself find a g/f and become normal?

Apr 15, 2010 by Gman | Posted in Marriage & Divorce

I am a 28 y/o manly that is single, never married, and has never EVER had a g/f in his entire life. You see, when I was 18 I was stupid and made the absolute WORST take for of my life. I was gullible, believed the recruiters' b.s., and joined the Marine

First of all, you're still minor and having a girlfriend does not make you normal. It may cause you added stress if you pick the retrogress one. Second of all, be thankful you had the opportunity to earn some money and travel a bit. Also, be grateful

Sallie Mae-Westwood Diploma Mill Federal Student Loan Fraud #1

Grouse #1 (Office of Inspector Prevailing / Department of Education) "Anyone suspecting rogue, waste or abuse involving Branch of ...

CA's Master Plan: What is "Affordable," anyway?

If my calculations are right, this means that fees next year will be in the ballpark of $12,560 for resident undergraduate students, certainly a large dollar and percentage increase over what students are paying this year. But where does this place UC compared to other public universities? Each year, the Washington Higher Education Coordinating Board produces an excellent report summarizing tuition and fee rates at public universities in every state. The most recent report is for last year, and shows that Berkeley's rate of $8,932 was 12th highest in the nation for public flagship universities - but still $4,774 or 34 percent below the most expensive public university in the nation, a distinction held by my own institution, Penn State - University Park. Looking at his report, which is indeed very handy, I notice that The Itinerant Professor and others who talk about "peer universities" pick and choose their "Universities Of" ---- Michigan, but not Arizona; Virginia not Washington; Connecticut but not Colorado (to look at some other "UCs.") These Western schools are all much, much cheaper than California. As a Westerner before I was a Californian I'm kinda miffed at this weird East Coast bias. Are these "peer schools" really and truly so much better quality than these other, Western "peer schools"? tuition prices at Penn State and the University of Vermont this year, for example, are already over Berkeley's announced rate for next year. But there is no doubt that Berkeley's announced increase will move it up in these dubious rankings. Tuition at the other UC campuses is generally lower than at Berkeley, but still high compared to peer institutions. (lookin' at you, "I go to Cal" people) seem to think that only Berkeley is the "real" University of California, in fact, it is one university with 10 campuses, as per the Master Plan. There is no "flagship" and "branch" system; we are one systemwide university. In fact, you could consider all the CSUs our "branch campuses," as they fulfill the mission typically ascribed to those types of schools. Now I will ask the tough and evil question: as this guy says, people are willing to pay any amount for a Berkeley degree, and to some extent for UCLA too. He justifies the fee hikes because they will pay off in earnings and prestige. Ok, but what about the other campuses with the same sticker price? Is, say, Riverside or Davis "worth" the same? Do a Santa Cruz or Santa Barbara degree have the same earnings "payoff" as a Berkeley one? Especially when you consider that nobody but me appears to remember this whole California Master Plan business with the systemwide university thing. And then The Itinerant Professor goes on to point out all the Pell Grants, Cal Grants, scholarships and the new "Blue and Gold Plan" which will make the college insanely affordable yada yada yada. I would find and link to the recent articles I read about Pell Grants (which currently max out at around $5,000, btw,) under threat of being cut back or made more difficult to get, Schwarzenegger talking about eliminating the Cal Grants program, and other financial aid woes, but it's late tonight and I'm tired. Suffice it to say that I am dubious about these forms of financial aid because everyone compares them to the fee rates and says, oh, well that will be all right. (I tell ya, it's the asterisks that kill me. Gotta love them.) Yes, the fees are a huge chunk of costs, but the UC campuses are not conveniently placed in low-rent areas by any means, and those students in the math and science disciplines are now often paying 300 a pop for a textbook and buying multiple books per class. I went to UC for undergrad back in the 90s when things were much cheaper and students organized to fight back fee hikes the whole time I was there, and yet I still remember having plenty of friends who got in huge messes because the bursar didn't disburse their financial aid in time for them to enroll, or deferred payments and made it impossible for them to pay rent, and other terrible snafus. Hmm, I see that this plan expects everyone to take out 5 grand in loans this year, in addition to working both during school and the summer. You had better get a good job to save 1700 over a summer, kids! Better move back home because UC expects you not to have to spend most of what you make in the summer supporting yourself on the exorbitant rates in the student ghettos. Ooh, and what about if you couldn't get all your required classes because they filled up because UC fired all its lecturers and closed sections and you have to not only not just work and live in expensive housing near campus but And to go back a moment, I'm still struck by the idea that what the UC thinks is "affordable" to a family that makes 20 grand a year involves them taking out 5 grand in loans. For one year. Presumably more in future years as the fees continue to go up. So we're talking 20 grand in loans if you graduate on time --- ok 25 since no one can get classes right now (who does it in four years these days anyway?). And they are claiming that poor families should not be put off by the thought of borrowing the equivalent of a nice car or their entire year's salary? Plus, this chart doesn't do much to prepare a family for the reality of fee increases in the future. Like I said, the UC didn't raise fees for most of the 90s, which I agree was probably not the right decision (they should have raised it 1 or 2 percent each year to kinda keep pace with inflation, I think.) And then, around 2001, I think, they jacked it by 20% several years in a row. I'm not sure, as I was following Format and revise entire friggin' dissertation. File dissertation. Drink booze. DONE!!!! (this one is staying up here forever!) Revise rejected article and send out again DONE!!! Check in on MIA article and discover its status. --- Rejected. But revised and sent out Yet Again. Write New Article and send out (in process) Prepare all job materials. Make a list and check it twice. Start mailing out job apps. Freak out. Avoid freaking out. Drink a lot. Make research plan --- what should I work on next? What conferences should I attend next year? At some point I will have to start selling organs on the black market to make rent. But the time to think about that is not here yet. Need book orders for Winter classes. And a second job on top of that. Avoid Thinking About Revising Dissertation Into Book Project

Source: Academic Cog

Subprime student loans and for-profit universities

First I would like to say that not all for-profit universities are bad. Many are very concerned by the quality of education at their schools. I got my Masters at an online university but one that is accredited by the Higher Education Commission. I n a 2003 report by USA Today, 400 diploma mills are already in operation, with the shameful industry already worth $500 million per year, and the numbers are still rising.

But business and education can create an situation that not guarantee student success. Many of these schools promise students that they will get great jobs, and the amount of money that they just went into debt with will be easily paid off. The University of Phoenix is paying $80.5-million to settle a contentious six-year-old whistle-blower lawsuit filed by two former admissions counselors.

Apollo officials announced that they had instituted new programs at the University of Phoenix designed to ensure that students who enroll are adequately prepared to handle the academic work and will result in higher retention rates. This year Phoenix University’s enrollment of degree-seeking students grew to 443,000 as of August 2009, up 22 percent from 362,000 in August 2008. The biggest growth in Phoenix’s enrollments, by far, came among students seeking associate degrees, which rose by 37 percent, to 201,200 from 146,500 in 2008. This would it bigger than the entire California State University System, which had 437,000 students in fall 2008.

Let us look at the numbers: There is the myth that if you go to college you make about $1 million more on average than a high school grad, but the degree does not make you the money. It is the indiviual skills and work ethics. Bill Gates dropped out of school and he is making plenty of money. If you add the expense of going to college (tuition, fees, books, room & board: $46, 700 / yr. public schools; $99,000 yr. / private schools) what isn’t taken into consideration is that the “$1 million college over high school grad” advantage doesn’t kick in until the grad has been out of school twelve years or more (don’t forget to include the four years of college where no money is earned) before the loan is paid off. That is if you graduate (half entering college never do), don’t default on your loan (17% write offs), aren’t delinquent (upwards of 24%) and pay without interruption (many defer payments or file for hardships while interest continues to accrue).

But the loan companies and the state of the current economic crisis has created a world in which too many people are never going to get out of debt. What many do not know, is you can never get rid of your student loans even if you declare bankruptcy. I n 2008 Sallie Mae quit offering subprime private loans to students at for-profit colleges because the astronomical default rates had helped throw its stock price into a nosedive. But now these schools are making private loans directly to students, much the way used-car lots loan money to buyers rather than going through a third party.

This also makes it easier to mislead students. Colorado-based Westwood College s former students filed a class action suit alleging they were duped into borrowing institutional loans at a staggering 18 percent interest. According to the complaint, the college’s corporate bosses advise their admissions officers to sign students up for these loans without revealing how costly they are going to be. Thus borrowers don’t learn about the steep interest until after they leave school and receive their first loan bill. Career Education and Corinthian Colleges only expect to recover roughly half of the money they distribute through their institutional lending programs. Getting students in the door pumps up the numbers even when these schools know they will never get paid.

Each year, more than two million Americans enroll in for-profit colleges and their popularity has only grown since the financial crisis. While traditional four-year colleges are struggling with dwindling student bodies and budget gaps, proprietary schools are reporting record enrollments as the newly unemployed try to retool their skills so they can wade back into the job market. Some of the largest for-profit chains say their numbers have doubled over the last year. During the last three decades, the inflation adjusted price of college has more than tripled at public four year universities and gone up nearly as much a private four year universities. T otal student loans in the last decade (in 2008 dollars) have gone from 44.6 billion dollars in 1998 to 94.5 billion dollars in 2008. During that time the number of undergraduates has only increased by a small percent from around 12 million to 14 million. Taken together these imply that the average indebtedness of the student has skyrocketed.

According to a College Board analysis of Department of Education data , 60 percent of bachelor’s degree recipients at for-profit colleges graduate with $30,000 or more in student loans-one and a half times the percentage of those at traditional private colleges and three times more than those at four-year public colleges and universities. Similarly, those who earn two-year degrees from proprietary schools rack up nearly three times as much debt as those at community colleges, which serve a similar student population. These figures are all the more troubling in light of these schools’ spotty record of graduating students; the median graduation rate for proprietary schools is only 38 percent — by far the lowest rate in the higher education sector.

So what do business think of these degrees? Numerous employers have not yet been sold into this alternative way of acquiring education, thus they still regard such degrees as invalid or dubious. The U.S. National Education Board has established 6 accreditation agencies to evaluate and provide accreditation to the higher learning institutions meeting the minimum criteria for a quality education, thus differentiating between the bogus degree programs. For example, the Distance education and training council provides accreditation for those institutes solely dedicated to online degree programs.  The agency is recognized by the U.S. Department of Education and the Council for Higher Education Accreditation.

Congress and the Obama administration have also had their hands full advancing other higher education reforms — in particular, legislation to kick private lenders out of the federally subsidized student loan program. This will create tens of billions of dollars in cost savings that will go toward larger Pell grants for low-income students. But that measure, vital as it is, affects only lending within the federal student loan program. It leaves untouched the private loans that are increasingly being foisted on students and the loosely regulated schools that are profiting as a result.

In May, the Department of Education revealed that it was considering reversing changes the Bush administration made to weaken the law that prohibits colleges from compensating recruiters based on the number of students they enroll. It is also thinking about adding teeth to the rules requiring proprietary colleges to show that graduates are finding “gainful employment” in their field and cracking down on schools that willfully mislead prospective students. “Our overall goal at the Department of Education in post-secondary education is to make sure that students … have the information they need to make good choices,” R obert Shireman, the deputy undersecretary of education, told financial analysts and investors during a conference call earlier this year.

Congress should require companies that o ffer private student loans to give the same kinds of flexible repayment options and consumer protections as are available through the federal student loan program, including allowing borrowers to repay their loans as a percentage of their income. Lawmakers also need to revisit changes Congress made to the bankruptcy code in 2005 , which make it exceedingly difficult for financially distressed borrowers, including those with private student loans, to discharge their debt in bankruptcy.

The American Dream has changed along with the economy and few are aware. There needs to be an awakening to the facts that achievement of the American Dream through college and “job security” are things of the past and that people need to quickly get up to speed as to what needs to be done to survive financially through the working years into retirement.

Source: Sail's Pedagogy