Who Pays For College?
shailynn
They never tell you what you need to know.
I don’t have any kids so I really don’t have a candle in this debate, but... I have some friends who brought up this debate. Who should pay for college? Is it the individuals responsibility or should it be the parent’s responsibility? We all know parents aren’t required to pay but is there some sort of moral obligation to pay or at least attempt to assist their children with paying for college?
Example - one person in this debate is very well off and is going to refuse to help their children in any way. They except their kids to get scholarships and they are on their own to fill the remaining gaps. On the other hand another person in the group has a modest job and has to alter their lifestyle to be able to send their kid to college, and they are happy to do that.
Example - one person in this debate is very well off and is going to refuse to help their children in any way. They except their kids to get scholarships and they are on their own to fill the remaining gaps. On the other hand another person in the group has a modest job and has to alter their lifestyle to be able to send their kid to college, and they are happy to do that.
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I don’t believe there’s a right or wrong way to look at this, most parents do the best they can, life is funny that way.
To the parents, be nice to the kids that are going to choose your rest home one day! Lol
There are ways to get college paid for. Even if a kid didn't get a scholarship, there's always the military. ROTC is a great way to get an education debt free.
First - consider the possibility of how a young person could pay off $350,000 when starting out in the working world. It’s basically putting a mortgage on top of a person who is already likely struggling to pay rent and necessities.
Being a parent - and having a different perspective on college costs - I chose to not burden my daughters with a huge debt load. I began saving for each one using a 529 plan - when they were infants.
The responsibility I gave my daughters is to get very good grades. They both attended a highly regarded private high school - and one graduated near the top of her class. The other one is a junior who should graduate near the top of her class. Those grades are like cash - as colleges all offer scholarships to the top level students.
So - there is the savings (my contribution) and the scholarship money (their contribution) - and there can be a cost that remains. The remaining cost is something we discuss together - and determine how it can be handled and repaid. I’m not concerned about becoming the National Bank of Dad just yet. Once international travel opens up - that could change!
Education should not be defined neither as a private investment nor a commodity, but a civil right.
So, individual human beings should not have to pay for it.
The Fatherland sees higher education primarily as an equality issue.
German higher education is a public system and state-funded.
If Germany has done it, why can’t we?
It is not free. Taxes fund the public school system in this country. You may think free - but it’s far from free. It is likely a similar situation in Germany.
If you are in favor of making college education free for students - nobody will stop you if you decide to setup your own scholarship fund - to pay for a group of students to attend college free.
And US is 0-1 against Vietnam...
But one should also be smart about school choice. There is no universe in which I foot a 40-$50k per year tab for some shitty small private college. Any kid who cannot get accepted by a well respected university will be going to an in-state public university. The state university system here in N. FL is excellent - they have vibrant alumni networks and feed talent to a lot of large and well known employers in the area.
You wrote and I quote:
The state university system...feed talent to a lot of large and well known employers in the area.
Why don’t the employers pay for the talent they “consume”?
Keep that in mind and for the record I’m not against encouraging entrepreneurship
Well, tuition and fees cover the majority of most FL university operating expenses, but taxpayers do subsidize the rest. Since we don't have an income tax here in FL, it comes mostly out of sales tax receipts.
If I have kids, the first degree is on me. After that, you're on your own, junior.
The constitution is completely outdated and irrelevant to modern issues.
We the people need to desacralize the Constitution and expose popular myths about it.
Good luck rallying 2/3 of the House and Senate and 3/4 of the state legislatures. Until then, it's the law of the land.
If the parent(s) have the means to invest in a child's education, they should provide an appropriate amount of subsidy for the given situation. That is how I was raised.
If the child is a good student when it is likely that education is a good investment (and parent(s) have the means) there is no better investment IMO.
If the child is a f-up and you feel it will be a waste of money than you figure something else out.
If you think your child has to "earn" it, work out some sort of dollar matching cost share arrangement.
Whatever you do, for heaven's sake, don't let your kid take out 100K+ in student loans in a worthless major, and let them end up in debt for the rest of their life.
We the TUSCL need to deport you to whatever shithole you originated from as you exposed yourself long ago and continue to do so daily! FUCKHEAD!
* Son not at first, but he figured it out.
“There is no economic reason why free education cannot flourish from schools through colleges and university.”
“The barriers are not economic but rather political decisions, skewed in the predictable direction under conditions of highly unequal wealth and power.”
It's true that Germany should meet the 2% of GDP requirement for NATO countries. But the idea that the US is subsidizing German college students is another @SkiBirther nonsense rant.
I got through college and grad school debt-free with scholarships, fellowships research- and teaching assistantships. But students these days have it much harder with college costs up something like 150% over the past 40 years (adjusted for inflation). If parents have any moral obligation, it's keeping kids from disintegrating under a shit pile of debt (as others have pointed out).
OT, I did have a few college SBs over the years from affluent families. In one case, both parents were software engineers. In another case, her mother was a pediatrician. And on the other extreme, one was abandoned by her father at a young age and really struggled.
Biden's proposing free community college, only, and financed by big increase in capital gains tax. Sounds like a good idea.
People obviously cannot be good craftworkers, merchants, soldiers or businessmen unless, regardless of their occupation, they are good, upstanding and well-informed human beings and citizens.
If this basis is laid through schooling, vocational skills are easily acquired later on, and a person is always free to move from one occupation to another, as so often happens in life.”
~ Friedrich Wilhelm Christian Karl Ferdinand von Humboldt
~ German Philosopher, linguist, diplomat, and founder of the Humboldt University of Berlin
~ Born 22 June 1767 Potsdam, Prussia
~ Died 8 April 1835 Tegel, Prussia
It's a shitty idea that's going to result in a monumental waste of resources via transfer payments from individual investors to employees of community colleges, which will no doubt explode in number if this passes. Graduation rates from community colleges are already absurdly low and that's with people actually paying for it. What happens when it's given away for free? They're going to become expensive extensions of High School, with the overwhelming majority utterly wasting the opportunity that they never would have sought out in the first place if it cost something.
He doesn't know he is invested in the stock market (at least I assume he has because he was encouraging his sugar baby to invest in stocks when he fired her due to covid)... and he is going to be paying for everyone else's school with his Capitol gains taxes.
And what RickDugan said... lmfao
It will be interesting to see how four year schools respond to the revenue loss from undergrads completing their pre-reqs at community colleges. The two year degrees themselves are not worth more than $15/hr
Just stating the obvious, but anyone can still trade in 401ks and IRAs without generating capital gains. Plus, the increase in capital gains is tied to income, and those making under $1M/yr will not see the increase. It targets more like the top 0.1% and funding benefits society as a whole with a better-educated workforce. The capital gains tax also funds the ACA and increases health insurance subsidies for upper-middle-class people like @Dugan who, earlier, griped about a $5K/yr increase in his family's health insurance.
CCs serve a purpose, allowing just about anyone to learn a trade or transfer to a 4-year school. It's a cheap and worthwhile investment. If hedge-funds and very wealthy high-frequency traders are upset about the new rules, I couldn't give a shit.
RandumbMember, before you make stupid comments like that, you really ought to do two or three minutes of research on the subject. Gains on qualified accounts are taxed at regular income rates you idiot. Tax deferred doesn't mean tax free. Plus, the amount you can contribute is limited by a percentage of income.
Really, 25? What the fuck does that have to do with IRA/401k?
RandumbMember, do you have any idea how low your income must be to get subsidy through the ACA? "Upper-Middle-Class" might be a subjective term, but by anyone's definition those folks don't qualify for subsidies.
Short version: Throughout your working lifetime you contribute to a 401(k)/IRA. The contributions are deducted from your reported income for each year you contribute. The gains are tax-deferred, meaning there are no capital gains taxes while the money remains in the account. When you retire and start to draw it down, you are taxed at the regular income rate. Presumably, when you're no longer working and earning income, you'll be in a lower tax bracket, and thus pay a lower percentage. Regardless, it has nothing to do with long-term or short-term, which is a tax concept dealing with non-qualified investments that are not retirement funds.
You can sell shares inside an IRA/401K for 30 years without generating a single taxable event. Only when you withdraw the money, do you pay taxes. Don't you understand the concept, idiot?
Yes I know something about the income for ACA subsidies. Previously the subsidies dropped like a cliff at about $60K. The threshold is being extended upward.
Okay, yeah you can buy and sell inside a qualified account without capital gains tax. But you're attempting to conflate different tax concepts to mislead people who don't know the difference. Typical socialist bullshit. Go fuck yourself.
university education is important because how the fuck are we going to get to mars unless we train the next generation of space geneiouses. not like elon muskerman can just get out and push his spaceships to mars. the newtownian dont work that way
as a geneious i have a multipronged solution:
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as always your welcome
see the kind of geneious ideas u can come up with if u stop bloviatifying about politics and focus on real solutions to real problems?