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Frank[_24_] Frank[_24_] is offline
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Default OT. College Loan Forgiveness

On 5/5/2021 10:00 AM, Wade Garrett wrote:
On 5/5/21 9:40 AM, Frank wrote:
On 5/5/2021 8:52 AM, Dean Hoffman wrote:
This John Stossel article claims about a third of college enrollees
don't graduate after six years.Â* Why doesn't it dawn on them that
they aren't going to make it long before then?Â* Beer and women?
People expected to be out in four years way back when I was college
age. That would've been in the 1970s.
Â*Â* It points to a woman who decided she couldn't afford college and
went to welding school instead.Â*Â* She's making $3,000/week.Â*Â* She may
well be an exception but there is work for people who get dirty.
https://www.wnd.com/2021/05/hardworking-taxpayers-bail-privileged-students/

Â*Â*Â*Â* My brother claims small engine repair shops in Omaha, NE have
waiting lists of weeks.Â* People don't want to mess with lawnmower or
snowblower repair.Â* There still are the old fashioned welding/repair
shops in my area.


I read that this morning and agree with Stossel.

Also, what happens when the government starts pumping money into it?
It gets more expensive that's what happens.

I went to college to learn and with summer jobs, living at home and a
little help from dad graduated college with no debt for me or dad.
Same for grad school with a teaching assistantship and in last year a
fellowship I graduated with no debt.

Now you have kids going to college just to get a degree.Â* They get
them in art history, women's studies, etc which are completely useless
in the work force.Â* College costs sour with availability of loans and
when the government took over the loan business they skyrocketed.


Pretty much the same here.

Back in the 60's, I lived at home, attended a local private university,
worked a lot of hours at the US Post Office (before it became the US
Postal Service) at a pay rate just over twice the minimum wage-- then a
buck an hour-- paid my own tuition/fees/books and graduated in four
years with no debt and a little savings in the bank.


I started college late 50's and just figured I made about $650 in a
summer and tuition at University of Delaware was $255 a year. I hitch
hiked and paid for rides the first year and bought a used car for $225
to commute the second year. Books were cheap and you could get most
even cheaper used. Today some text books cost more than my semester's
tuition at Delaware.

I worked with a chemical engineer who when in grad school at DE and
another grad student with their professor wrote a chemical engineering
text book. He was bragging about getting a $6,000 royalty check from a
new edition. This was over 40 years ago and probably more than a
quarter of his annual income.

It was a few decades ago but I managed to pay full tuition and board at
U of D for our three sons. They worked summers but could not do what we
did at today's tuition. Having two in college at the same time was like
buying a new car every year and driving it off a cliff.