Check out this little video

[CobraEd]

If you don't just follow the party line like a lemming, you could end up better off. He calls it "perpetuating the scam". I think this goofy little guy has a good argument.

http://finance.yahoo.com/tech-ticker/rethinking-college-as-student-loan-burdens-rise-434365.html?tickers=^GSPC,spy,COCO,APOL,DV,ESI,^DJ I


(not sure why this link is not a hyperlink??? Just copy and paste it and the you can see the video)

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Try this...click here.

...cw

[Anthony]

First off, there's info about california colleges raising their tuition, but they are/were heavily government subsidized, like some other state schools, so to use those tuition costs as an example is misleading. You need to analzye self funded schools, not schools that get less state funds and pass that onto the students.

Second, all students should analyze the costs of their education (loans) vs the lifetime earned income, and try to make an intelligent business decision.

Third, no matter what school you go to, borrow only the minimum amount needed, and be as frugile as possible, always, and don't get caught up in "I'll just pay it later".

I heard about that Columbus MD that owe's $500,000 on NPR several days ago. Borrowed about $200,000, and owes another $300,000 for default fees. She did a fellowship that she said caused her to default. I did a fellowship as well, and I was actually paying on my loans while I was in my residency, as well as in my fellowship. Without knowing her financial circumstances, I can't say whether she should have been more responsible, or was in a no-win situation.

[trularin]

I scraped for every dime to pay for all of my degrees and as I am paying for my sons, I am not sure I could do it again.

I think it is ten times what it cost me to go.

[Wayne Maybury]

I can't comment on the tuition subject as funding for Canadian Universities is very different compared to the US. I realize that US Universities must charge much more tuition because they do not receive government funding like our institutions do. However, this article focuses only on one aspect of higher education and that is $$$$$. It is easy to say that Bill Gates didn't go to University and he is a billionaire but there is more to life than just money and exceptions like Mr. Gates (I love it when someone makes a general arguement based on exceptions but that is a different subject).

If no one went to University in the future; who will be our doctors, engineers, lawyers, teachers, etc? Certainly over-spending by students is a problem but the money tends to be spent on more than just tuition, books, food, and other essentials. Many of those that end up deep in debt have probably spent a lot on what could be considered, non-essential luxury items.

Wayne