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Old 03-26-2013, 10:09 AM   #61
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What would your mom say about that comment? Back in the day, people here were at least passive-agressive, hehe. I only mentioned my hick school because I thought the "Gator" in your ID had something to do with UF.

My comment was an attempt at humor. Sorry if it got under your skin.
I am a Gator. They have lost their way in recent years. Because they now have great sport teams they are popular with the kids and are now highly selective and attract the highest achieving students. Unfortunately, their education hasn't kept pace with their athletics and a whole lot of talent is wasted on them. Sorry, my comments were not directed to you personally.
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Old 03-26-2013, 10:26 AM   #62
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The problems lie in many places.

One is the irrational exuberance that most schools exhibited in the rush to capitalize on the "necessity" of higher educations.

A small example. My college tuition in 1954 was $800/yr... rather high at the time. Inflation would bring that to $7000/yr. today. The actual tuition cost now, is $43,000.

In the interim, the school, like almost all schools, has upgraded with new dorms, buildings, sports facilities, and all manner of extras, superflous to education per se. It is not only the capital expenditures, but the infrastructure ongoing costs that have caused this overwhelming structure for higher education.

A review of the capital improvement expenses in almost every school will show similar base expense increases.
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Old 03-26-2013, 12:26 PM   #63
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The problems lie in many places.

One is the irrational exuberance that most schools exhibited in the rush to capitalize on the "necessity" of higher educations.

A small example. My college tuition in 1954 was $800/yr... rather high at the time. Inflation would bring that to $7000/yr. today. The actual tuition cost now, is $43,000.

In the interim, the school, like almost all schools, has upgraded with new dorms, buildings, sports facilities, and all manner of extras, superflous to education per se. It is not only the capital expenditures, but the infrastructure ongoing costs that have caused this overwhelming structure for higher education.

A review of the capital improvement expenses in almost every school will show similar base expense increases.

This is not limited to colleges.... I was looking a person up at my son's high school... I was shocked to see that they have 11 vice principals and something like 20 counselors.... when I went to high school, there were 2 vice principals and 3 counselors... it was half as big, but still...
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Old 03-26-2013, 12:31 PM   #64
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This is not limited to colleges.... I was looking a person up at my son's high school... I was shocked to see that they have 11 vice principals and something like 20 counselors.... when I went to high school, there were 2 vice principals and 3 counselors... it was half as big, but still...
The school district one suburb away built a humongous, $60M football stadium recently. Wonder what their science labs look like?
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Old 03-26-2013, 12:35 PM   #65
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College costs have risen MUCH faster than the rate of inflation, yet I have seen no real study that tells me that overall student graduation rates or knowledge base is higher.

There is nothing wrong with being a pumber or electrician or diesel mechanic. I know a fair number of folks in the trades and most of them make a very nice living..........
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Old 03-26-2013, 12:53 PM   #66
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College costs have risen MUCH faster than the rate of inflation, yet I have seen no real study that tells me that overall student graduation rates or knowledge base is higher.

There is nothing wrong with being a pumber or electrician or diesel mechanic. I know a fair number of folks in the trades and most of them make a very nice living..........
I know a couple of ladies in the trade...
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Old 03-26-2013, 07:19 PM   #67
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Student Loan defaults up 36% in one year.Student Loan Defaults Soar By 36% Compared To Year Ago | Zero Hedge

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The growing debacle that is the US student loan bubble - nearly the same size and severity as the Subprime crisis at its peak
Current student loans total nearly One Trillion Dollars.

Not too surprising since college costs have increased over
1,120 PERCENT in the past 30 years since 1978.
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Old 03-26-2013, 08:48 PM   #68
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Student Loan defaults up 36% in one year.Student Loan Defaults Soar By 36% Compared To Year Ago | Zero Hedge

Current student loans total nearly One Trillion Dollars.

Not too surprising since college costs have increased over
1,120 PERCENT in the past 30 years since 1978.
When I w*rked, we called these "gee whiz numbers". As in, the audience would say oh boy and gee whiz, and the presenter would move along and make a point unrelated to the numbers. Without context, entertaining but not meaningful.
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Old 03-26-2013, 09:01 PM   #69
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Student Loans:
U.S. National Debt Clock : Real Time
Delinquency rate:
Student loan write-offs hit $3 billion in first two months of year | Reuters

The real question is where the equity is located today, and in the future.
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Old 03-26-2013, 09:08 PM   #70
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Surely you could share some context and opinion instead of cold naked links?
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Old 03-27-2013, 08:47 AM   #71
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When I w*rked, we called these "gee whiz numbers". As in, the audience would say oh boy and gee whiz, and the presenter would move along and make a point unrelated to the numbers. Without context, entertaining but not meaningful.

As with the mortgage crisis, these debts will be paid back in the form of an overall lower standard of living. Fewer good jobs, less pay, along with inflation. As long as the electorate doesn't have to write checks to cover the losses, they don't see it as a problem. So, as you say, the gee whiz numbers are not meaningful to many.
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