As you are all very much aware, the current recession (or the recently ended recession, for those of you that were persuaded by articles last week) is having a very direct impact on newcomers to college and the university system as a whole. This week's blog asks you to consider the impact of the recession on your generation as it relates to options in higher education and post-professional training programs.
Read any two articles from the list below and summarize them in no fewer than 150 words (total/combined- not separately) and answer TWO of the following questions reflecting analysis and synthesis (comparisons) of the articles in an additional 150 words - this blog must be a minimum of 300 words total.
Blog due Tuesday, March 1
Questions:
1) What's the good news? Explain what insight the articles give that shed some positive/ hopeful light on the opportunities for your generation as you move on to (and from) college.
2) Why are tuitions recesison-proof? Explain why in spite of financial hard times college costs continue to rise.
3) What advice do the articles give for those presently in or applying to college? How/ does this advice impact your perspective on college financing and planning?
A) Recession is Forcing Many to Lessen Hopes for College
http://query.nytimes.com/gst/fullpage.html?res=9D0CE5DF1530F93AA35751C0A967958260
http://www.nytimes.com/1991/02/09/us/recession-is-forcing-many-to-lessen-hopes-for-college.html?pagewanted=2&src=pm
B) What the Recession Means To College Students
http://media.www.thechaparral.com/media/storage/paper570/news/2008/04/07/Politics/What-The.Recession.Means.To.College.Students-3308397.shtml
http://media.www.thechaparral.com/media/storage/paper570/news/2008/04/07/Politics/What-The.Recession.Means.To.College.Students-3308397.shtml
C) Why College Tuition Rises in a Recession:
http://www.huffingtonpost.com/2009/09/04/why-college-tuition-rises_n_277957.html
http://www.huffingtonpost.com/2009/09/04/why-college-tuition-rises_n_277957.html
D) Community Colleges Booom in a Recession:
http://abcnews.go.com/Business/Economy/story?id=6968514&page=1
- Show quoted text -
http://abcnews.go.com/Business/Economy/story?id=6968514&page=1
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E) Surviving a Recession: What Soon to be College Grads Need to Know
http://www.mtv.com/news/articles/1582672/surviving-recession-what-soontobe-college-grads-need-know.jhtml
The articles Why College Costs Rise, Even in a Recession by Ron Lieber and What the Recession Means to College Students by Anna Altheide are about the ridiculously increasing prices of colleges around the U.S. Ron brings up a good point being that schools like Harvard will be accepted by parents for having a high price, but schools like Lafayette College in Pennsylvania that do not have such a high standard education are going to be questioned for their increasing high price of tuition per year. In my opinion I never understood why colleges had to be so expensive. Ron’s theory makes some sense to me though. I can understand why Harvard and other prestigious colleges would cost a lot of money for students. However, I’ll never understand why a regular public college can reach up to $40,000 a year. Anna explains in her article how the extreme prices of colleges are making students feel the effects of the recession. Students are taking out more and more loans promising to pay them back, some without a steady job. They are messing up their credit and not knowing where to turn to for help. However these articles do give some good news. When a student graduates high school and goes to college, they broaden their knowledge and find what they are interested in as a career. Once they figure out that, they learn the skills necessary to fulfill that career and their lives begin to transform. The more school a student takes the bigger chance they have of landing a stable good paying job. Also some colleges are thinking of letting students pay the same price per year but graduating in three years instead of four. This will save parents and students money and still bring in a good amount of money for the college. In Anna’s article a college student talks about how she feels lucky that she still lives with her parents and has a good job. The economy is still a mess right now and it doesn’t look like it will be getting better until several years. College students keep taking out loans and borrowing on their homes. They are getting themselves into so much debt jeopardizing their credit score. Anna’s article makes college bound students think about the future that lies ahead and how they should plan their finances out before it’s too late. Her article boosted my confidence and made me feel like I made a good decision applying to only CUNY schools. I’ll still be living at home, I’ll get a good job, help my parents pay the bills and try to take as few loans out as possible.
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ReplyDeleteIn the article, Why College Costs Rise, Even in a Recession by Ron Lieber, he questions us asking “Where does all that money go?” To elaborate more on his statement, Lieber is set to find out where the money that we pay for education goes. The average increase in tuition and fees at private institutions this school year was 4.3 percent, a little higher than inflation. At one point in the article, Lieber talks about the cost of tuitions in public universities and colleges. Talking about Harvard and Wellesly, he states that their tuition is high because of the level of education they receive. And for Lafayette and other colleges, their tuition cost is said to be too high or more expensive than they thought, because these colleges are being compared to the top colleges. Tuition costs have only increased and are hard to make big cuts to a college’s budget. This makes the tuition recession-proof because of the “Cutting Departments”. Cutting Departments are political challenges with faculty making something seem simple and obvious as cutting expensive and undersubscribed departments pretty hard. The good news is that in any college I go to, the education is there for me, as long as I work hard. This article has made me realize that college is a big obstacle in living a successful life. Money and the effort of doing well play an important part in college. This article has impacted my perspective on college financial and planning because I am more aware of what I am paying for. In other words, doing well and succeeding in classes will pay off and will save me a lot of money.
ReplyDeleteIn another article, Surviving A Recession: What Soon-To-Be College Grads Need to Know by Chris Harris, he talks about the challenges young people will face in an increasingly gloomy economy. The value of the dollar has decreased and so have the country’s housing-market correction and the subprime-mortgage. Because of this, we anticipated a recession. Many people have been affected by the recession, one of them being Angie Guzman. Angie Guzman is a graduating graphic designer major at New York’s Purchase College. She stated that of her fifteen friends that graduated, only three of them have full-time jobs. This tells me that the recession has made it difficult to get a job, even if you have graduated. Recessions can last anywhere from six to eighteen months, and during the recession, firms stop hiring people, and the unemployment rate rises. Students who dorm at a college may not be able to dorm due to the high costs and the recession, therefore, students go back home and live with their parents. In a recession, looking for jobs, looking to buy a house, and doing sorts of things we normally do as Americans are going to be difficult. Food will be more expensive, same with gas and rent. This article changed my view of what I expected after I graduate college. I know, now, that finding a job will be a challenge, even after I graduate college. Also, this brings me to a reason of going to a college near home. Attending a college near home will save me money because I will still be living in my home. Lastly, the article has impacted my perspective on college financing and planning because of what Angie Guzman has stated in the article. Looking for a postgraduate job is not guaranteed because it is hard to find a job these days. And this is true because Angie Guzman is a college graduate in graphic design, and she fears that she may not have a full-time job even though she graduated.
Haynes Yatco
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ReplyDeleteIn the articles “What the Recession Means to College Students” by Anna Altheide and “Why College Costs Rise, Even in a Recession” by Ron Lieber are about how absurd the prices to attend colleges are all around the United States. Mr. Lieber comes across an excellent point that schools like Harvard, parents will be expected that that school will be expensive because of the quality of education. But schools like Lafayette College in Eastern Pennsylvania that do not have such a prominent education, the parents are going to interrogate why college tuition is increasing more and more every year. In my own opinion, I will never understand why colleges are so expensive. I can understand why colleges like Harvard, Villa Nova, North Carolina, and other outstanding colleges would cost a large amount of money. These schools all have great academic programs to get you on track for your career goal. Also I will never comprehend why even public community colleges can cost between 40,000-50,000 dollars every year. Mrs. Altheide article clarifies how the overpricing of colleges has started to make students feel the consequences of the recession. College students are taking out a great deal of loans, swearing to pay them back on time, but they can not afford to pay them back. Most students can not hold a steady job. These students are botching their credit scores. Then they panic and have no where else go. But these articles do offer helpful news. When a student graduates from high school and moves on to college, their intelligence expands and they realize what they want to do as their career. Once they acknowledge what they want to do as a career, they will attain the certain skills him/her needs for their goal career. And that is when their life truly begins. The more education a student is involved with, the higher possibility that student will have on accomplishing his/her career. Some colleges are trying to become like Berkley College. You will be able to graduate in 3 years instead of 4. This would save the students and parents a lot of money. In Anna’s article a college student explains how she was lucky enough to live with her parents while she attended college. She had obtained a steady job. The economy will probably recover in 4-6 years. College student’s keep on taking out loans, they are in so much debt that it’s putting their credit at risk. Anna’s article teaches students to plan all of your finances before attending college and also apply for financial aid services as soon as possible. Every bit of money helps for your college tuition. Her article has made me feel like I made a tremendous decision to only apply to CUNY colleges. I will be attending CSI college, still living at home, obtain a decent job, help my family pay the bills, and only take a loan out if I am in desperate need of one.
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In the article "Many to Lessen Hopes For College" the article is simply stating that due to the financial situation that many families are experiencing they have concerns that they will not be able to afford the cost of private universities. One family who the father was a banker, felt very insecure concerning their financial position. He had not received a bonus, and with one child in college, another a senior in high school they had concerns about their ability to stay a float in midst of the recession. They also mentioned the situation was so difficult that they did not think that two income salaries was sufficient in order to live. In the article, "What recession means to college students" it stated that college students are in debt. They recommended that prospective college students apply for financial aid prior to applying for loans. They stated that people without any financial history find themselves in over their heads with debt, loans which effects their credit rating. Due to this many students are resorting to living at home with their parents.
ReplyDeleteThe only positive thing that I could see from this recession is that there is not as much competition to get into colleges. Due to the economic situation some have decided not to go to college. Some are afraid of getting into debt and they know that College will incur a great deal of debt. Also, other low income minority students are effected because scholarships are no longer easy to come by. Many of the companies that provided these scholarships are not in a position to provide the funding any longer. The hopes are that we can ride this through and eventually get out of this recession. The advise that I got from one of the articles was that I have to be careful not to get in over my head in debt. I don't want to get into debt beyond my abilty to pay. I don't see any sense in getting a college education and owing more money than I'll ever be able to pay back. If I do go to college I plan to apply for financial aid.
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In the article "Why College Costs Rise, Even In A Recession," Ron Lieber discusses why college tuitions unlike most financial transactions, are recession proof. I believe that one of the most prominent and domineering reasons for this is the demand and neccesity for a good education... especially in times where no job positions are always secured. People have a constant aspiration of attaining a degree so that THEY will be picked rather than someone else vowing for the same position. Tuitions don't decrease simply because there is no need for them to for the college/universities side. Parents and teens alike will always want to side with a college that has a field of study fit for the attendee. Advise was acquired from reading these articles however : since not every student will be fit to recieve a scholarship, many will take out loans. This may not always be the right decision because like with any loan, student loans come with interest. The idea here is that the loan is given to pay for the college and it courses and the money is paid back upon graduation/employment. This process isn't, however, as smooth as it may sound. Graduates will often find that finding a job isn't a cakewalk simply because of their embroidered piece of rustic paper with their name on it. In a recession people like us have to battle over our favored position. Due to this, I would much rather work for payment of college dues while attending rather than breeze through the four years and than struggle with payments for god knows how many. Another overlaying factor for this steady escalation in tuition costs aside from demand is the central quality of the education and how the school is acknowledged in the public scope of judgement. If a school has a fantastic caliber and a plethora of different famous graduates, for example like Harvard or Yale, those running the programs can make the prices as high as they damn well please. If a college is accessible to everyone by grading standards, well good luck with increasing those prices and getting willing people to pay those prices.
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In spite of the recession, colleges are still imposing the high priced tuition bill. And where does all the money go? Even though earlier this year, the National Association or Independent Colleges and Universities announced that the average increase of tuition and fees would be at it’s lowest in 37 years, 4.3 %, many parents don’t see what the buzz is about. Because college tuition fees have only gone up, colleges like Harvard will be over subscribed forever, and colleges like Lafayette will have trouble justifying their costs soon as well. Lafayette’s president, Daniel H. Weiss, claims he has not had to make any drastic cuts in budget so far, but has frozen salaries and even set backed building projects. The overall look for getting into the college of your dreams of course now looks bleak, but that doesn’t mean you still can’t get the education you can still achieve. California freshman Stephanie Parks dreamed of attending an expensive college with the price tag of $50,000, but had to settle for alternative Sonoma State, at one third the cost. But once she was registered and ready to start, the recession hit colleges bad, and she was only to be guaranteed enrollment in one two-credit course for the spring semester, along with teachers being laid off and budget cuts everywhere. Parks had no other choice but to enroll in a community college, with an 18 credits for little over 1,000, and in two years have her associate’s degree and with her transfer plan, eventually graduate from a four year college. She is on of the many students that are finding community colleges as a way better chance of seeing what you want to do, who you want to be, and save money for themselves. Don’t get me wrong, universities and other colleges are a great experience and big references are great, but to make it on your own and even the education you receive is way more important, and it doesn’t really matter where you go. Students are finding that community colleges are exactly what they are looking for during this recession. And they are trying to find what is right for them. It accommodates their needs, and is easy to pay for, and you still get the great education to further yourself. Economists say this is going to be a log recession. Community colleges are experiencing a big jump in enrollments all over the country, and who knows, it could even help end this long, painful recession.
ReplyDeleteGabrielle (: E block
In the article Why Colleges Costs Rise, Even in a Recession, author Ron Lieber brings up the essential question, "Where does all that money go? And why can’t the price tag fall for a change?". The National Association of Independent Colleges and Universities stated the average increase in tuition and fees at private institutions this year would be the smallest in 37, about 4.3 percent, which is just a little higher than inflation. Today the colleges we hear about are Harvard and Wellesley, top-notch colleges with outstanding reputation for their academic achievements. Yet will we ever reach those heights and be able to attend such a prestige college? In most cases not really, the tuition for a year is very high and most people cannot afford the cost even with loans. Schools like Lafayette are compared to Harvard because their tuition is considered to be very high. No matter the situation, whatever college I attend the education will be the same. The only difference is the name of the college I attend. Just because the college had a amazing reputation doesn't mean another school is just the same just without the reputation. Anywhere you go the education is the same, as long as you put the effort into the work, you will succeed. Nowadays the tuition is considered recession-proof because of the "Cutting Departments", the Cutting Departments are the political challenges with faculty make something as cutting expensive and academic departments pretty hard. Institution these days are cutting departments because there's not enough students in the class or the school does not have enough money. Though this creates a major problem the education we all receive is no doubt the same in all schools regardless of the reputation. As long as an individual puts effort into the work, the education will help you succeed.
ReplyDeleteFor students are getting prepared for college, tuition, housing, and all those fees are the only thing students and parents think about. Nowadays the value of the dollar is decreasing making affording college a difficult task. Taking out a loan or shifting into a workplace can set you back. As a teenager heading in the adult world, you must understand how to have a good credit score. Taking loans and working can severely hurt an individual later in the future. In the article "What the Recession Means to College Students" Anne Altheide talks about the problems faced by teenagers who are preparing or in college. The economy is still in a state of disarray, students these days do not have the money they need to rent an apartment or house in a campus dorm. Instead students should stay with their parents and find a steady paying job that can support you for the time being. Students in college now are happy they are staying home with mom and dad because they are saving money. Others are happy because they are employed and can support themselves during this harsh time period. Considering it is hard for teenagers to build up a credit score, many are recommended to borrow less and pay for it in high interest. Columbia University Professor Christopher Mayer states that teenagers will be working for 40 years after college. Professor Christopher Mayer encourages people to try new things and see if it they like it. The only thing we can do is to wait and see how the future turns out. As of now we will have to ride out the recession and hope for the best.
In the articles, “Why College Costs Rise, Even in a Recession” by Ron Lieber and “What the Recession Means to College Students” by Anna Altheide, we learn a lot more about the challenges my generation must face entering colleges in such a poor economy. The biggest challenge we will have to face as college students is not necessarily the courses we will take, but how exactly we will be paying for such an education. Despite America’s weak economic situation, colleges and universities seem to remain untouched by this recession. Every college has been gradually increasing their tuition costs regardless of whether they are private, SUNY, or even CUNY. According to these articles, the already costly tuitions of colleges, such as Harvard and Wellesly, are justified because of the great level of education each student is promised to gain by graduation. However, lesser colleges such as Lafayette’s tuition are not as justified compared to the lower level of education they will be receiving compared to other top colleges. However, due to the selective admission processes of more prestigious colleges, SUNYs and CUNYs have become the main reach for college-bound highschoolers. Because of this, and the “cutting departments”, almost every college in the United States is genuinely recession-proof.
ReplyDeleteFortunately, despite all the challenges that pop up from this recession, these articles do shed hope on us future college students. Although many people my age feel that a college education is unnecessary and dangerously expensive, we are assured that a college education is honestly a key to success. By going to college we broaden our minds and receive a truly irreplaceable education. Throughout our college experience, we will each grow as learned individuals and be able to get a better grasp on what career we want to pursue for the rest of our lives. These articles also help us better understand what we can do to plan our finances more wisely. We are advised to research any financial aid that is available in the college we choose in order to lessen the overall cost and prevent us from falling into never ending debt. We also need to be very careful about how we spend our money and the loans we take out in order to afford such an expensive education.
---VANESSA KREYTAK D BLOCK
The current recession has affected many colleges throughout the United States. With the lack of money, tuitions are jumping up to prices that are realistically are not affordable for many people. Families are forced to take out loans, which help but some people work up such large sums, the debt is over whelming. “Recession Is Forcing Many To Lessen Hopes for College” is an article published by the New York Times explaining the hardships that American families must face as the send their children away to college. Less finical aid money is given each year and students of the lower and working class are denied schools simply because of the money and not the grades. Scholarship money is becoming more scare leaving minorities to fend for themselves, and private colleges are now seeing a decrease in applicants because of the tuition increase. State and city funded schools like SUNY’s and CUNY’s are seeing an increase in acceptance competition because they are affordable and provide a quality education. “What the Recession Means to College Students” by Anna Altheide explains what college student now and will face with this current recession. Many college students are already getting by on loans and their finical problem could soon get worse. According to Altheide man college students will now get a credit score much earlier. It’s very important that the students watch their credit scores and make sure the scores stay high. Student also coming out of college are joining a terrible workforce with limited jobs available even for students who graduate from prestigious schools.
ReplyDeleteThe good news from the bulk of the articles is that we are slowly moving towards ending the recession. Experts predict that the workforce will be back to full strength somewhere around 2016 which is good for us because this is around the time we graduate from college. Also for those that can afford privates schools there is a decrease in competition.
From these articles it is clear that public colleges now are becoming more selective with the amount of applicants they are getting. This means that great grades and a great SAT are more important than ever. It’s important to selectively pick schools. Another big decision is do I want to take out student loans? Private college vs. public? You should whey the benefits of both and then make your decision. With Cuny being 5000 and Seton hall over 20,000 what kind of finical plan am I going to have?
James Verdi D-Block
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ReplyDeleteThe two articles Recession is Surviving a Recession: What Soon to be College Grads Need to Know and Surviving a Recession: What Soon to be College Grads Need to Know are about how young people graduating college looking for a job afterwards and how more people are going to community college because of the recession and some people can’t get class because so many people choose community college . According first article it states that ‘’The declining value of the dollar globally, the country's housing-market correction and the subprime-mortgage crisis have all sparked fears among economists that we should, indeed, be anticipating a possible recession — one that could have a huge impact on the class of '08.’’ This means the recession has a big impact on people leaving college and looking for a job and trying to make money and pay off their loans. In the second article it about how many people enroll in committee college instead of bigger colleges because of the recession and more and more people are going to those committee colleges and there no room left most people can’t get classes because there all filled. The good news from the first article it states that Recessions, Mayer said, can last anywhere from six to 18 months. It's during this time that firms stop hiring people, and the unemployment rate soars. But there is a silver lining: "The economy and the country have always been stronger than we were when . The prospects for that continue to be good." Which means that people might have an easier chance of getting a job right after leaving college it also says the young people who are graduating in may and hopefully entering the workforce in fall can expect couple of things happen like it going to be a lot harder for them to get credit and because young people don’t have credit history and states that it "Recognize that you're going to be working for 40 years and at the rate our government's going, it could be longer than that. I think it's a good thing for young people to try and use the opportunity to explore different things. If you can't get the job you wanted in one field, try something different. See how you like it. Maybe you'll like it, maybe you'll go back and do what it is you want to do." The good news in the second article states that is that the private colleges, who have traditionally competed with the nation's large public universities, are now paying attention to the community colleges, according to the Association of Independent Colleges and Universities. To keep student costs lower, 92 percent of all these institutions have increased financial assistance, according to association spokesman Tony Pals. . This is states that how 92 percent of the institution increased the price because of the recession for college. The tuitions recession –proof because it showing some colleges are making the tuition go up because of the recession the college costs are continue to rise because the college budget cuts from the recession so there trying to get their money back and more and more people are applying to college so it make the price go higher
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ALYSSA DITRE c-block
ReplyDeleteBecause of the recent recession, students applying for college are worried about the inability to pay for tuition. Students are hustling more in school to keep their grades high because of competition to get into college. In the article “Recession is Forcing Many to Lessen Hopes For College”, many families worry about not being able to afford college. For example, a banker didn’t receive a bonus this year due to the recession. With a child in college and another one getting ready to go to college, the struggle to obtain tuition money was a main concern. According to the article, scholarships are becoming harder to achieve. Dorming is no longer an option for most college students as well. College students have to continue to live with their parents because dorming is unreachable. Another problem college students face is not being able to obtain a job after graduation due to the recession. In the article “Surviving a Recession: What Soon to be College Grads Need to Know”, students fear that the recession will prevent them from gaining a job after graduation, considering the college students will come out of college with $20,000 debt. The only possible positive that could come out of this recession is the competition going down a bit. Since certain people are incapable of paying tuition, they won’t go to college and either go straight to work or just do nothing after high school. Less competition will mean a drop in tuition. Applying for financial aid as soon as possible along with keeping grades as high as you can get them is the best bet to attend college without the fear of having to drop out because of inability to pay for tuition.
ALYSSA DITRE -C-BLOCK
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ReplyDeleteCollege tuition has been an obstacle for many students and families. According to the article, "Why College Tuition Rises Even In A Recession" from the New York Times, tuition costs has only gone in one direction which is up. The writer of this article Ron Lieber expresses and questions why does everything cost so much. According to this article, the National Association of Independent Colleges and Universities announced that the average increase in tuition and fees at private institutions this school year would be the smallest in 37 years- 4.3 percent, just a little higher than inflation. Lieber uses remarks such as, " with pride" and "Is this where we are supposed to stand up and cheer" to mock how tuition fees has become so high that there was no way to bring a positive idea to this situation. He explains how he learns that colleges are the way they are in terms of tuition because of the education given, the area its around, and how many people are attending. He talks about Lafayette, Harvard, and Wellesly. Harvard and Wellesly have high tuition because their levels of education is high while colleges like Lafayette have high tuitions because their level of education is high in terms of comparisons. " The political challenges with faculty make something as seemingly simple and obvious as cutting expensive and undersubscribed academic departments pretty hard". In spite of hard times, college tuition continue to rise because everyone is going to college. Every year there are people that are going to college and to educate people for their chosen course could cost money. In this article, there is no good news financially, but just the fact that education does cost money. This article has helped me realize that it is important to be financially stable in the future and learn the value of money. The economy has reached a point where education has become barely affordable to many students which can cause many students to not finish college and end up unemployed. I would never want to be one of those people.
ReplyDeleteIn another article," What Recession Means to College Students" Anne Altheide talks about the obstacles students face when they start college and prepare financially. The economy today has become so unreliable that students are having a hard to keep up. If students are not stable then their working to pay of books, tuition, rent or dorms. And students become overwhelmed with working in part time jobs. Some students become full time workers just to pay off what they need to pay off that they don't keep up with their school work it turns into a cycle of students ending up in so much problems. Some people feel better staying home with their parents because they can save money for their own needs and maybe even wants. This recession has become such a conflict in college education.
ANGELA SALMOS
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In the articles “What the Recession Means to College Students” by Anna Altheide and “Why College Tuition Rises, Even in a Recession” by Ron Lieber, it is clearly portrayed that recessions can be seen as nothing other then detrimental. A question of “where does all the money go?” is also raised. The recession is having a negative affect on many, especially college students. College students are finding that jobs after college are limited, resulting in a lack of money to find their own place. Many students are being forced to move in or stay with their parents, which is then putting a damper on the parent’s spending and adding stress to the students. Living as “typical Americans” is being forced to change. Useless or unnecessary spending has been cut short. Furthermore, the recession is putting a halt in some student’s dreams to further their education in college, reason being that taking out loans could be a setback. Additionally, some economists believe that if we are not already in another recession, then it is coming. With the loans, lack of credit card history, and lack financial skills, young adults are piling on a lot of debt. All in all, this is a though time for many, college students at the top of the list.
ReplyDeleteAdditionally, the articles spoke of individual work. The most expensive colleges don’t always give the best education you can receive. A good education can be obtained from an inexpensive school if you are willing to be taught. This positive information takes stress off because it insures that it is not all about the name on the building, but more about what kind of student you, yourself are. The articles offer some comfort in the fact that this money is well spent. Going to college will lead to better jobs, resulting in more money in the long run. Reading theses articles and learning on the recession makes me wish I had planned better and had saved money instead of spending it foolishly.
Jessica Mallozzi
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In the New York Times article “Recession Is Forcing Many To Lessen Hopes for College” by Jon Nordheimer and the Chaparral article “What the Recession Means to College Students” by Anna Altheide both describe the significant stress that college bound students endure. Many families are no longer able to afford college tuition and student loans are causing people debt. In spite of financial hard times and recession, college costs continue to rise because people are still willing to pay for an education. However, just because people are paying for their education does not mean people can afford what they are paying. Most of the money used for college tuition are coming from student loans, which take years to pay off and also leads to debt for many people. With decline in the value of the dollar, college bound students are struggling to pay for college, pay off loans, getting a job, affording dorms, etc. Even the thought if getting a job after graduation and a college degree scares most students and leave them with doubt because they know it will be difficult. Many students are living at home with their parents for financial support because they can’t find an a place for them to live that they can afford. These are all obstacles that Americans at young of an age as 18 have to undergo when it pertains to a college education. The advice that is given through these articles for those presently in or applying to college is to wait patiently for the recession to dim down, use your time wisely by widening your options, and to apply for financial aids. This advice impacts my personal perspective on college financing by urging myself to plan ahead of time, save and spend my money wisely, apply for financial aids and scholarships, and lastly to explore new things!
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Jose Valentin
ReplyDeleteThe articles, Why College Cost Rise Even In A Recession by Ron Lieber and What the Recession Means to College Students by Anna Altheide are about the financial dilemmas this recession has given students. I too do not understand why prices are so high. In these articles I did not get any positive outcomes. The closest thing that can give people hope in time of this recession was Lieber's article stating that tuition and fees at private institutions this school year would be the smallest in 37 years. 4.3 percent above inflation. But this news isnt even good news because Lieber questions what is that small change gonna do. He wonders where is all the money being given to college education possibly going. Schools such as Lafayette are costing people money because they are become compared to other universities such as Harvard and Wellesly because it is in Pennsylvania a place with very little people and it seems like every state, country, or any part with colleges there has to be that one college that has that high standard of education.This I believe is another thing that affects students financially because colleges compete with one another on which one is better and has the best people. If students are being educated and are in college because they want to be someone someday money shouldn't come in the way. Education is education and you can't put a price on that. The article by Anna Altheide explains the hardships students face because of college. Students are taking out loans, getting jobs its messing up their credit and overwhelming them with work and school. There are courses that can take years but student can't afford it so they settle for something less and what they could afford. There are actually really smart people out there that could of made it in life if they just went to college, it they couldn't afford it. Its sad to see people not go to college because of financial problems. The outcome of college is ti have a stable career and thats the positive thing about college. This recession just has to be something we will have to deal with because its where were living. This is our time period. Our economy is a mess and probably won't get better soo because everything is shooting up in prices.
Jose Valentin
D-Block
-In the articles “Why College Costs Rise, Even in a Recession” and “Surviving a Recession: What Soon-To-Be College Grads Need to Know”, the authors shed light on the difficulties that college students and their families must face economically as a result of the recession and rising college tuition costs. In the first article, Ron Lieber explains exactly why college tuitions rise despite the ongoing recession in our nation and where our parents’ money is allocated towards. I was outraged to discover that the majority of these funds were spent on college professors taking year-long sabbaticals to “revitalize their teaching through research.” In addition to this unfortunate expenditure, I also learned that my aspirations to major in English help finance other majors that require more materials and research. In his article, Chris Harris describes the next and even less promising step after college: finding a stable job. Like Lieber, Harris discusses the impact this recession has had on our nation from an educational and economical standpoint. The fact is, now that students have barely financially made it out of college, they are now competing with thousands of other students for the same postgraduate jobs. It is at points like these that we can see the direct impact of the recession: there are job/wage cuts from left to right, resulting in extremely high rates of unemployment.
ReplyDelete-As Lieber pointed out in his article, college tuitions are deemed recession-proof because colleges are the exception in our nation in that they must become increasingly more “refined” and “technologically advanced.” Though colleges advertise to prospective students about the great education and lifestyle they will have if they attend there, they have also established hidden price tag on every possible activity a student (and the college faculty members) does on campus. They take advantage of situations like the recession because they know that more people will return to college during times like these. Harris’s article elaborates on these actions by listing the effects the recession and college tuitions have on students. He advises all college students to simply gain more perspective on their surroundings and assets so that they can’t easily be cheated out of their money by credit card companies and such. Harris’s advice is helpful yet daunting to my future because while he encourages people to follow their own aspirations, he also equates a person’s economic stability with his happiness. Though I would like to attend a private college, I have learned from Lieber that I could receive the same quality education from a public college as well. These two articles have taught me to proceed with financial caution in the long run.
Christina Tsang D-Block
In the article Surviving A Recession: What Soon-To-Be College Grads Need To Know by Chris Harris, he is explaining that the college students are going to face problems finding jobs, their own houses, gas money and money for food. One student for example is a graphic design graduate at New York's purchase college, Angie Guzman. She talked about how she might have to ask her parents for help with the money situation since getting a job is difficult. She graduated with fifteen people, yet only three of them have full time jobs. Some economists don't know how bad the college students have it, some think there is a mild recession, while others think it is a thick one. The only insight that this article gave to me was to prepare myself, knowing that there is a recession. If there is a way to get a part time job, take what you can get so you don't suffer in the long run. College costs will continue to rise because of all the loans and the debt that the students will be in, they will have to pay it all back. This article helped me decide whether to dorm or stay home, what will be financially better for me personally.
ReplyDeleteIn the article What the Recession Means to College Students, by Anna Altheide, she explains how more analysts are agreeing we are in a recession and its going to be a big problem for college students who have to take out loans. She interviewed a graduate from New York University with a degree in communications, Jenny Mandeville, who states that she enjoys living at home with her parents and having a good job, because if she didn't she wouldn't be financially stable. The insight given to me was explaining how its more difficult for younger people to get credit. Like the first article, college costs will continue to rise because of the loans, debt and credit. This article helped me determine whether I want to use a credit card when I purchase items for college.
E) The current recession that has occurred is due to the declining value of the dollar globally, along with the housing market. In the case of Angie Guzman, a design major at New York's Purchase Collage, described the difficulty of finding a job. Guzman, who is working an internship, a part-time job and applying for jobs, expects she'll be living off her parents because of no place to live. According to Mayer, young people are buying homes that they can’t afford. Also, the average college debt is around $20,000. Finally, young people should use their college opportunity to explore different fields which may produce better results.
ReplyDeleteB) A recession can affect all markets, lowering the value of interest rates and the dollar. Recessions in the past have lasted up to 16 months and dropped interest rates by six percent. Most college students do not start building their credit score until students begin college. In the current recession, too many college students began borrowing on their homes, forcing a crisis upon banks. It is quite hard for young people to receive loans and get out of debt. Mayer says that waiting and trying new things may be the best options.
3) Applying for loans is quite difficult. Therefore, students need to know what they are getting themselves into before they proceed with college. Their housing may be too expensive, which is many times overlooked. This also increases the debt of young people and their can also ruin their credit. The stress this causes on the student also affects the government because too many students are trying to take their money from the bank which puts the economy in a recession.
1) College provides anybody with the foundation they need to start a lucrative future. Although at first much help is needed by parents, students then may be able to hold a job on the side while the better their learning towards a degree. In the end this education is worth it because it allows students to financially be independent in order to retain a stable job through the face of turmoil.
C-Block
Justin Castro
For students fresh out of college, many will be waiting for stable jobs since there is none available in this current recession we’re in. To make matters betters, professor s and various writers urge students to live with their parents after graduating because it may turn out that that has more positive effects than negative. Living with parents gives students financial stability and time to build up their credit history without damaging it on expensive homes that a student with no job cannot afford. The other article says how the current recession might mean less scholarship money for minorities and other students that cannot afford private education. Schools might now have to fit into their criteria the option of selecting a student based on whether or not they can afford the school in the first place. This can trigger sudden competitiveness in community colleges where the education is low-cost and can fit everyone’s budget.
ReplyDelete1)The good news that comes from these articles is that people will no longer feel ashamed to be living with their parents after college nor will they feel awkward about applying to a community college even if they have the grades and SAT scores to go well beyond that. With people living at home, now the family has another “adult” that can officially help out with paying some of the bills as well as do maintenance around the house. The good thing about this is that a child can take as long as their parents want for them to stay in their home and doesn’t have to pay rent nor worry about making mortgage payments on time.
3)The advice I would give to those students presently applying to college is that they should apply to State or City schools since they are low cost, and if need be, they can transfer out their sophomore year into a private college and still receive a “better named” diploma for about half the cost. If that is too much then I would still urge to apply to these schools because it’s all about where you go for your masters degree anyways, not your bachelors. This impacts my views on college planning because I will look towards “cheaper” schools that can leave me debt-free when I graduate so that I can truly focus on paying for my master’s education without having debt on me to begin with.
Paulina Plata
E-Block
In the article Why College Tuition Rises in a Recession, Ron Lieber is telling us why college is starting to cost so much. He went to find a college president, and found Daniel H. Weiss from Lafayette College in Easton, PA. Lafayette is an excellent test case as this college and other private colleges cross this $50,000 annual cost threshold, which is a lot for 4 years of college if you pay $50,000 every year. All tuition is doing is going up. Mr. Weiss had to cut back hours in student dining halls and other things. In another article Surviving a Recession: What Soon to be College Grads Need to Know, Chris Harris is stating that many young students will face challenges in this economy. With the value of a dollar declining, we have a recession going on. With this, many people are becoming affected, including college students. One student, Angie Guzman, will most likely have to live with her parents after she graduates college because of this recession. Most people cannot find full time jobs, and only three out of her fifteen classmates have full time jobs. This recession is making it harder for people to find jobs. Also, recessions can last for more than a year, depending on where it goes.
ReplyDelete1)There weren't many positive things I saw from these artices, as they were talking about the cost of tuition going up and recessions. One thing that I did find positive was that it wouldn't be so bad living at home during college. Dorming in college would be the experience of a lifetime, living on your own for 4 years basically. But with the cost of tuition and dorming, it is better to live at home, for free. You do not ave to worry about paying rent in an apartment , or worrying about paying off the bills for dorming in college. At home, you get things for free and you get to live with your family.
3) Some advice I would give to students is that they should be careful in what colleges they apply too. You can always go to an excellent school at home and get the same education as if you were in a school in a different state, which might cost thousands more. A city school is just as good as a state school. Plus, you can always apply to community colleges, get your associates degree, then transfer to another school to finish up getting your bacholers degree. This is what I am doing, and I think I am making the right choice because I will get a good education just like anybody else.
Amanda Aasen, C Block
well now a days as shown in these artcles a good college education is very expensive and many people cant afford to send there kids to college. universitys like harvard charge a high tuition for a high quality but. colleges that have a lower quality of education charge the same amount or higher.well the reason that a college tuiton is called recession proof is cause the college lose a lot of money during one and there bareley makeing anymoney. well there are very very few positive things to find in these artcles but one good thing is that there are still some chances for you to get a good education with loans even though they are really riskey cause of interest.cause of inflation the worth of the dollar goes down stealdly goes down so the tution goes higher.finding a job after school is a tall task as stated in these artcles its hard to get one. this changes my whole view on college and jobs. i used to think that if you get a diploma you can working in the field you studied in college but its really diffrent now if you find a job your very very lucky so try not to take big loans.
ReplyDeleteIn the article "Why Colleges Costs Rise, Even in a Recession" by Ron Lieber author, basically explains the main reasons of why college tuition goes up even in a recession. For today's students the concept of college is an investment that will eventually pay off the money that were invested. However, that amount of money (tuition, housing, books, transportation) goes up. The maim reason of why it goes up because government "cuts" education, that means that government provides less money for education. In this case in order for colleges to "survive" keep developing, offer various majors to keep students interested in college, colleges have to increase tuition price in order to compensate for "cuts". Also students are trying to get accepted to more prestige colleges keeping in mind that more prestige college provides better education, butit is not always true. Sometimes students think that expensive coege is better but often education in expensive college is the same as in more affordable college. When mkre students go to more popular college, other colleges do not have enough money for compensating "cuts", for this reason they have to increase prices.
ReplyDeleteIn "What the Recession Means to College Students" by Anne Altheide, aithor writes what difficulties will todays high school students met when being in college. The main problem is that college tuition goes up, that means that students have to take loans. But in order to pay off those loans they have to work really hard after they are done with college. Also to save money they have to live with parents and go to work. When students work sometimes it is hard for them to concentrate on education, because they thinking of sources of money and work tales up a lot of time that could be used for education. When students does not study as well as they could without a job, there would be higher chances of persuing the career they wanted in the future.
Greg Kolesnikov
Block D
in the article "why college tuition rises even in a recession" by ron liber explains why the cost of college has went up. private colleges tuition has increased by 4.3% . the cost of books , room and board and extra items a student needs during there college days add up over time. the only reason that the college tuition is going up is because of all the cuts the government is doing especially for the education department. the tuition is high because the tuition is covering costs that the government has cut.
ReplyDeletein “Recession Is Forcing Many To Lessen Hopes for College” by the new york times paper, its talking about debt for families. finacial aid is given less to people who recieve it. less money is given out which makes it harder to pay for books and tuition.the competition for CUNY'S and SUNY'S have become more competitive. the amount of kids going to private schools and high paying schools for college have gone down. the community and state colleges have been overwhelmed with applications and more competitive with choosing new freshman for the new semester.if you live at home it will be easier to be able to go to school and work, and it will be less challenging to keep up with your credit so you wont be in debt. taking out a few loans will be better so you wont be paying back thousands.
ashley miller
d block
In the article Community Colleges Boom in Recession, the author explains some of the reasons for the rise in community college enrollment. The reasons are more simple then some might think. In short, Community College offers a very affordable alternative to going away to school, avoiding costs for room and board in most cases and other expenses when one decides to go away to school. In an economic time such as this, where people are very cautious with their spending, community college is considered a smart investment.
ReplyDeleteIn the article Why college tuition rises in a recession, the author explains that the reason for the increase in tuition cost is due to cuts in education by the federal government. These cuts are a decrease in money given to schools by the government to support their costs.The cuts force schools to compensate for the loss in support. one of the ways to do this is to raise tuition costs to increase revenue.
The only positive that i am currently aware of in these articles is that the increase in community college enrollment will mean a decrease in competition in privite and out of state schools. For me, this means a better chance of gaining admission and grant money from a privite or out of state university. Plus, the increase in Community college enrollment might lead to rediced costs for community college education, whose costs are already low.
The reason college tuitions are largely recession-proof, is as follows. the recession will lead to budget cuts by the federal government. This will almost certainly include education cuts. These cuts must be compensated for, and often, they are compensated for in the cost of tuition. The more the recession hurts the government, the more the government hurts the schools and the more the tuition rises.
These Articles all seem to point in one direction, Community college. Even though most believe the recession is nearing it's end, the boom in community colleges will most certainly improve the situation at these schools. If i were applying in another year or two, my choice would be an out of state school. However, in light of our current economic situation and the slow recovery process, these articles all point me the in the direction of community college.
Travis Knight
D Block
The articles What the Recession Means To College Students by Anna Altheide and Recession Is Forcing Many To Lessen Hopes For College by Jon Nordheimer both make similar points, the negative impact the recession has on college students. Despite whether we are in the middle or end of the recession, the effects are crystal clear. Admission criteria has even changed as prestigious colleges are forced to lower standards for students who are able to pay the full tuition. Instead of being put on a waiting list, students who have only done "okay" in high school are accepted just because of their financial statuses. On the other side of the spectrum, people who would normally pay less expensive university tuitions without financial assistance are begging for financial aid or even transferring to less expensive schools, like city colleges. Even more devastating, students who have worked vigorously through out high school to assure their acceptance into certain colleges, are faced with no choice but to deny the acceptance due to their inability to afford the tuition. College admission offices are also finding themselves uncertain about how the upcoming college semesters will turn out. Since this graduating class is already small compared to others, with an even less amount of people who can afford tuition, filling up spots in classrooms are a great worry for the administrators. Now, after the recession has hit, even more students are taking semesters off to gather money. The colleges are also forced to lower the amount of people they accept solely on the fact that the resources in which they are funded are being affected by the recession as well. Contributions from corporations and alumni have decreased and scholarships rewarded to minorities as well as the poor have been forced to reduce. When it all boils down, well deserving students across the United States are being penalized as their hard work cannot be rewarded and the financial crisis burdens them. Unfortunately, these articles shed little to no light on the situation. Hope is few and far between as tuitions continue to rise and income continues to be unstable, decreasing or in jeopardy. The best advice given is to stay living at home and spend more time looking for a job to cover finances. The only people benefitting are foreigners and people who remain wealthy despite the financial crisis because those are the people the colleges are working hard to recruit. The rest of us just have to find our own ways to get by.
ReplyDelete-Caileen Gonzalez C-Block
In the article the Recession is forcing many to lessen hopes for college, the writer makes the point that the cost of attending college is not only affecting the low income family, but also those from affluent homes. Families who have a higher income have also felt the sting of the recession, many losing their jobs or not getting the usual bonus. Many individuals don’t spend as much money anymore because of the insecurities of using their jobs. Another concern is the cutbacks on scholarships to poor and minority students. With these major economic problems many students may not go to college. What the recession means to college students brings out the effect of the recession on college students. Some have left colleges to go to work and some have had to move back in with their parents. Taking out loans put the students in debt. The final advice from a Columbia University professor was to wait, and explore new things.
ReplyDeleteThe article, “What the recession means to college students”, gives some insight that shreds positive and hopeful light on the opportunities for my generation as we move onto and from college.
Nadira Hira suggested that some students may have to weather the storm by living with their parents. By doing this a student does not have the added expense of paying rent, groceries, utilities and other cost of living on their own. Also it is important to maintain a high credit score and try not getting into debt. If a student can prevent student loans then its better but the important thing is to avoid debt and bad credit score.
College costs continue to raise for several reasons such as: not cutting departments and illuminating under subscribed academic debts departments, there is also facility productivity that have professors teach more classes, this can reduce the expense. While colleges continue to expand and not make necessary cuts, tuition will continue to rise making it more difficult for students and parents to afford college tuition.
In the article “Recession Is Forcing Many to Lessen Hopes for College” by Jon Nordheimer, Nordheimer writes about how because of the recession more and more high school seniors may have to change their choices for colleges due to the increase in tuition. If the economy continues to get worse many more students will be transferring to state colleges instead of private. Less and less students are applying to private schools with a religious agenda making it harder for those schools to succeed. Many of these changes are due to student’s parents possibly being laid off. Also, fewer scholarships are being given to students in both private and state schools. Even many at the top of their classes are having trouble affording schools in order to pursue careers. State schools are also starting to see more students applying to their schools because students cannot secure their positions are private or more expensive schools. Students are also starting to migrate towards state schools because in the long run student loans might be cheaper. With more and more students attending state schools after a while that would actually better the funding that these schools receive.
ReplyDeleteIn the other article "What the Recession Means to College Students", Anne Altheide explains how students are being affected by the recession and what they are doing in order to continue with school even if it means transferring somewhere closer to home. Students are also suggested to borrow less money from loans because they might have to pay higher interest rates. Many students are also turning to early employment in order to pay off for school supplies and to start saving to pay for tuition. If it means staying home and living with your parents I’m pretty sure in the long run it will make students happier. Unfortunately neither article actually states anything positive but rather facts about how applying for college is becoming more and more grueling.
In the article "What the Recession means to College students", Anne gives an explanation about how each student is affected by this recession. Many students are facing money problems at home. Families began to struggle paying for their child's tuition for school. Many student's are beginning to transfer to colleges cheaper then where they were first attending.
ReplyDeleteIn the article "Why Colleges Costs Rise, Even in a Recession" by Ron Lieber explains why each college tuition rises during recession. Unforttantly in todays world, many are not able to pay the tuition which means that student's begin to take out loan's which they eventually have to pay off later on in life. People don't realize the cost of supplies for school begin's to rise as well. These costs begin to go up because of the government cut's which means that government will begin to provide less money to any educational matter.
Alexandra Ferrigno, C-Block
In the New York Times article “Recession Is Forcing Many To Lessen Hopes for College” by Jon Nordheimer and the Chaparral article “What the Recession Means to College Students” by Anna Altheide both describe the financial struggles that college students face. Most students trying to earn a college degree do not have families to support them financially with tuition payments and other fees along with attending a college. Paying out of pocket and taking out loans could ultimately lead families into lifetimes of debt.
ReplyDeleteCollege tuition and fees rise on an annual basis because of supply and demand. People are willing to pay the price for a degree with hopes that they will make enough money to pay off their education. College bound students are struggling to pay for all their fees. No one is guaranteed a job with a college degree which can lead to students having no way to pay off their loans. Students are faced with many decision at the age of 18. They need to decide if they are going to pay top dollar for private school, pay medium dollar for a SUNY school, or pay the lowest possible fees at a CUNY school. Students need to use the advice given to them. Students need to invest in their potential and attend college. They need to work hard with hopes that they can receive scholarships and financial aid.
Gina Ianniello
E Block
In the article Why Colleges Costs Rise, Even in a Recession, by Ron Lieber, Ron brings up the question "Were does all the money go?" Despite the recession, the students and parents have to go through great changes just to get through college. Its absoloutley ridiculous that most of the money is spent of the prefessors taking a year of sabbatical. It will always make me wonder just why colleges are so expensive. More and more students are taking out loans and getting jobs to try and pay back what they owe, but school takes up so much time and work is becoming less and less of an option so what now?
ReplyDeleteThe article “Recession Is Forcing Many To Lessen Hopes for College” is about the struggle that both students and parents go through when sending ther child away to college. More and more colleges are not giving as many scholarships away, and less financial aid is given away each year. A CUNY school much like CSI here on Staten Island is now getting more difficult to get into as opposed to years ago when anyone who applied would get accepted.
These articles are making it more clear of how hard it is to get into not just a decent college nowadays but any collgege. This means test grades, SAT scores and ACT scoress will have to be more higher and money will rise increasly.
Amanda Casale
D Block
even though the economy is in bad ahpe, one thing that is "recession proof" is the university system. the reason because of this is that government doesn't have all that much to do with college besides finatial aid. the large tousion that parents spen on their children, pay for everything, professors, books, and technolagy also are baught by grants and such. the problem is that parents might not be able to afford to send their kids to collage because of the large sums of money that is required.
ReplyDeletehenna tariq
e-block
Unfortunately, according to What the Recession Means to College Students, there is no good news. College isn’t viewed as the best years of your life anymore. Paying off student loans was the first thing a college grad would start to pay off once they begin their career. However, with so few jobs being offered straight from college, those loans aren’t being paid on time and interest rates are increasing drastically. As mentioned in the article, students began using their credit towards housing assuming they could pay it off once they begun their jobs. Little did they know, they weren’t guaranteed a job with this recession going on. The article suggests that students should live at home rather than in a dorm to save money and avoid massive future depts. Even after college, some grads who are employed still remain living with their parents because no job is truly stable at this point in the recession and they need every penny to pay off college loans before they can consider living on their own.
ReplyDeleteAccording to Recession is Forcing Many to Lessen Hopes for College, many students are being forced to reconsider their “dream college” because of the recession. Many students who have looked forward to the dorm life and a new experience in another state need to start considering attending colleges within the state. Financial aid is not offering enough for the middle class to afford to send their children away for college. Private colleges and out of state colleges are not an option for many of the families mentioned in the article. State universities are highly recommended in the article. Even families with two incomes simply cannot afford the colleges. Many families fear of job lay-off and believe it is necessary to save all the money possible in case of emergency. Some colleges’ yearly tuition is equivalent to the yearly income of one parent. Luckily, my dream college is a state college, but I cannot even imagine what it would be like if my dream college was not a state college and I would not be able to go for financial purposes. The recession is turning down a lot of hopes and dreams for people in my generation and there isn’t much a student can do except start saving money as young as possible.
Both articles express how costly a college education has become and how it is continuously putting families all over the country into deeper debt. In the first article "Why College Costs Rise, Even in a Recession", the author talks about how college tuition has only ever gone up in history, regardless of the economic stability of the country. In the article, well known colleges such as Harvard & Weslyean are mentioned as being institutions that are somewhat well deserving of their costly tuition. On the other hand, institutions such as Lafayette College in Pennsylvania, which is not as well known as the other two previously named, are being questioned for their pricetag on attendance. The article further explores how many institutions have aimed to cut many of the causes of high spending on their campus' such as building projects and dinning hall hours. The second article, "What the Recession Means to College Students", discusses the impact that our current recession has on college students. It is obvious that student loans are a common source of debt for young people, and those who graduate from school without a steady source of income are in deep distress. The one good thing that I did point out from the articles was they mentioned that taking out student loans for college is only an option. Students aren't forced to take out huge loans that they know will be extremely difficult to pay back. Tuitions are recession proof because colleges are not controlled by the government. They can raise their prices depending on needs of their campus, needs of the faculty, or just because they feel like it. The articles that I have read don't really give much advice for college students but the vibe that i'm catching from these are to not take out more loans than you can bare because the banks will give out as much money as they can with the intent on placing you in a great amount of debt after graduation.
ReplyDeleteSamantha Furman
A Block