OT - Yet again, Syracuse University raises tuition

[cuse10]

Syracuse University increases tuition again this year

Need to start saving now for the kids I don't even have yet to go my alma mater.

 

[OrangeXtreme]

They raise tuition every year.

My uncle attended SU in the late 40's. I believe it cost $500.

 

[rrlbees]

Syracuse University increases tuition again this year

Need to start saving now for the kids I don't even have yet to go my alma mater.

need to have your wife get a job at su. problem solved.

 

[OttoinGrotto]

This is why I got on a plane and headed west for my education - Tuition Fees & Deadlines | Financial Services

 

[Newhouser]

The costs of these schools is unsustainable - the next big bust in this country is going to be higher ed.

 

[hoopsupstate]

Tuition, room and board in 1979 was $7,800. Now it’s over $70,000. It’s insane.

 

[OttoinGrotto]

Tuition, room and board in 1979 was $7,800. Now it’s over $70,000. It’s insane.

I wonder how that works out inflation wise. I'm guessing even accounting for that the cost is proportionally a lot higher.

 

[721Comstock]

I wonder how that works out inflation wise. I'm guessing even accounting for that the cost is proportionally a lot higher.

The overall inflation rate of the Economy is historically in the 2.5-3% range.

Higher Education has been more like 5-7%+ over the past 40 years.

It’s absurd.

 

[UnknownOrange]

I wonder how that works out inflation wise. I'm guessing even accounting for that the cost is proportionally a lot higher.

$7,800 in the fall of 1978 would be $30K in today's dollars.

 

[PartTimeFan]

I wonder how that works out inflation wise. I'm guessing even accounting for that the cost is proportionally a lot higher.

BLS calculator says that in 2019 dollars that '79 figure equates to $29,030.39

 

[RandomGuy]

I wonder how that works out inflation wise. I'm guessing even accounting for that the cost is proportionally a lot higher.

Inflation calc I used said:
$7,800 in 1979,equals $27,310.96 in 2019. Only $45 K more ..

To reverse that, your 1979 bill would have been $20K

 

[elimunelson]

need to have your wife get a job at su. problem solved.

What is the employee rate?

 

[OttoMets]

I wonder how that works out inflation wise. I'm guessing even accounting for that the cost is proportionally a lot higher.

Somebody's gotta pay for all those useless administrators.

 

[rrlbees]

What is the employee rate?

depending on salary, you get between 90-95% free tuition. have to be there 3 years so you have to plan ahead. best $250,000 I never spent.

 

[NineOneSeven]

Syracuse isn’t nearly a good enough school to justify that cost. Sorry. Especially when kids are getting bozo degrees for all that money.

My buddy texted me other day about this. Just go to esf. Get a stem degree and a lot of classes you take are even in Syracuse class rooms anyway.

I was very lucky both my parents worked there, to get free tuition. Even still I had thousands of dollars of loans for housing.

 

[Millhouse]

Syracuse University increases tuition again this year

Need to start saving now for the kids I don't even have yet to go my alma mater.

actual net cost is well below that

the giant sticker price is a good way to get more money out of rich people with dumber kids but I wonder how much it scares people off who don't know better.

my attitude is and was if you have to pay the full sticker price, set your sights a little lower until you find a school that won't charge you the full price. it was a little demoralizing as a kid, what is the point of trying really hard to get into a better school that parents weren't going to pony up full price for (I don't blame them)

 

[OttoMets]

actual net cost is well below that

the giant sticker price is a good way to get more money out of rich people with dumber kids but I wonder how much it scares people off who don't know better.

my attitude is and was if you have to pay the full sticker price, set your sights a little lower until you find a school that won't charge you the full price. it was a little demoralizing as a kid, what is the point of trying really hard to get into a better school that parents weren't going to pony up full price for (I don't blame them)

Lotta parents of C high school students from Long Island, New Jersey, and Connecticut are helping keep the place running. I'm not sure how much they contribute to the university beyond that.

They'll be there even after the bubble bursts, I assume, but SU has to be nervously eyeing the China situation. If those full-pays dry up, I don't know where SU will make up the revenue.

 

[Stevenson]

Lotta parents of C high school students from Long Island, New Jersey, and Connecticut are helping keep the place running. I'm not sure how much they contribute to the university beyond that.

They'll be there even after the bubble bursts, I assume, but SU has to be nervously eyeing the China situation. If those full-pays dry up, I don't know where SU will make up the revenue.

There aren’t any C students getting into Syracuse these days.

 

[kirbivore]

The costs of these schools is unsustainable - the next big bust in this country is going to be higher ed.

stop federally guaranteeing student loans.

 

[nzm136]

stop federally guaranteeing student loans.

I could write a book on why you shouldn’t listen to Dave Ramsey.

(I’m making a general statement and not replying to whatever it is that he said in the video that I refuse to watch.)

 

[OttoinGrotto]

I could write a book on why you shouldn’t listen to Dave Ramsey.

(I’m making a general statement and not replying to whatever it is that he said in the video that I refuse to watch.)

Dave Ramsey Totally Ruined This Guy's Life (and His Music)

 

[bevosu]

Although federally guaranteed student loans were helpful.. they were essentially another welfare program for financial institutions. That guarantee didn't inspire lending institutions to do any serious due diligence. There was barely any risk involved. Except for uncle Sammy.

Under the guaranteed student loan program, private lenders—including Sallie Mae and commercial banks—issued student loans that were guaranteed by the federal government. Guaranteed loans are also called Federal Family Education Loans (FFELs). Here's how the "guarantee" works:

If a borrower defaults on a guaranteed loan, the federal government pays the bank and takes over the loan. The federal government pays approximately 97% of the principal balance to the lender. At that point the federal government owns the loan and the right to collect payments on the loan

 

[Capt. Tuttle]

Although federally guaranteed student loans were helpful.. they were essentially another welfare program for financial institutions. That guarantee didn't inspire lending institutions to do any serious due diligence. There was barely any risk involved. Except for uncle Sammy.

Under the guaranteed student loan program, private lenders—including Sallie Mae and commercial banks—issued student loans that were guaranteed by the federal government. Guaranteed loans are also called Federal Family Education Loans (FFELs). Here's how the "guarantee" works:

If a borrower defaults on a guaranteed loan, the federal government pays the bank and takes over the loan. The federal government pays approximately 97% of the principal balance to the lender. At that point the federal government owns the loan and the right to collect payments on the loan

Any guaranteed payer sources leads to unnecessary cost increases and abuses. Medical insurance and college are just 2 examples.

 

[OttoMets]

There aren’t any C students getting into Syracuse these days.

It was hyperbole, but if the middle 50% ranges from 3.3 to 3.9, I'm certain there are accepted students with a high school GPA between 2.0 and 2.3. The bell curve is asymmetrical with this data, skewed high with a long (smaller, obviously) tail of low GPAs.

 

[DMDMD]

A lot of this is to target "full freight" students, ie rich parents with mediocre kids and especially foreign students, who don't get aid.