On Oct 12, 2020, at 12:52 PM, Cameron Crum <[email protected]
<mailto:[email protected]>> wrote:
Universities know the government will give big loans to kids and they
all want to be on that gravy train. They raise tuition and just put
it on the kids to go get more money in the form of debt. Kids would
be hard pressed to pay tuition working their way through right now.
Tuition costs have doubled inflation and outpaced wages by 8x. My
daughter just entered college and through sheer luck, she ended up in
Community College. She got into every big school she applied to but
after visiting them all, decided none of them were for her. She
really wanted to go to UT( Texas), but did not apply because her
teachers all told her she had to be top 7% to get accepted and she
was only top 10%. I told her to apply, but she did not. So, as a
result she decided in March she would just move to Austin and go to
ACC who has a transfer track program into UT if you can keep a 3.7
GPA. She is taking the same classes as her friends at UT (all online)
but paying 1/5 the tuition. She is living in a private
dormitory across the street from UT campus with mostly UT kids, so
basically has the same "college" experience without the huge tuition
bill, for now. I couldn't be happier. She had a decent 529 for
college but not enough for all 4 years even at a state school. Now it
might just last, especially if she decides to stay at ACC for another
year before transferring to UT. I'm hoping she can get out without
debt, but I'm guessing she'll have a little. I'm with Mike Rowe on a
lot of this. I never thought college was for everyone, and trade
schools are cheap in comparison, and you can be earning a good
paycheck in a lot less time.
On Sun, Oct 11, 2020 at 9:00 PM Ken Hohhof <[email protected]
<mailto:[email protected]>> wrote:
I started at $1.80 at the pizza joint. After a month or two I
got a raise to $2. I think all new employees got a quick
performance review at which they either got a 10% raise or got fired.
I had a summer job as a shipping clerk, I don’t remember what it
paid.
First job after graduation in 1972 paid $10,920/year.
*From:* AF <[email protected]
<mailto:[email protected]>> *On Behalf Of *Chuck McCown
*Sent:* Sunday, October 11, 2020 6:53 PM
*To:* AnimalFarm Microwave Users Group <[email protected]
<mailto:[email protected]>>
*Subject:* Re: [AFMUG] OT good to be a boomer
Still , a fortune. I was making $2.50/hr in those years.
Sent from my iPhone
On Oct 11, 2020, at 4:53 PM, Robert <[email protected]
<mailto:[email protected]>> wrote:
I forgot to take all the taxes out of that for each
summer. I netted more like 4K for the summer..
On 10/11/20 3:49 PM, Robert wrote:
When I went to UCSC one quarter all up cost about $1.7K
in 1975 This year, just the tuition, room and board and
mandatory health insurance is going to cost you $36K
_california resident_ I was able to work for $9.40/hour
at a gas station as a jr manager, opening and closing
during the summer. 60 hours weeks for 12 weeks. That
was almost $7K for the summer, minus gas and some small
expenses while staying at my parents. Yes I was
overpaid, pays to know someone, I also opened, closed and
did the books. But I don't care who you know but joe
blow isn't going to get a summer job that is going to
come anywhere close to $100K for summer or even year
round work when you are in college now. What's the
difference? UC California turns students away by the
bushel. Instead of a system that focused on California
High School graduates, it's a system that focuses on
attracting donors that can put names on buildings. Slots
are full from outside the state at huge financial cash
flow. Everyone else can go to a Jr College.
On 10/11/20 2:27 PM, Ken Hohhof wrote:
Here’s one I don’t understand. Not pointing a
finger, I genuinely don’t understand. Student loan
debt. Is that the huge issue that people say? And
if so, is that a new phenomenon? Why?
I assume my dad went to college on the GI Bill after
WWII. I worked 20 hours a week all through college
making pizzas and burgers, and had a coop job every
third quarter or so until the coop jobs disappeared
due to a recession.
https://en.wikipedia.org/wiki/Recession_of_1969%E2%80%931970
Plus my parents helped out. I don’t remember my
friends in college talking about student debt, but
maybe they had it and it just wasn’t talked about.
I can speculate some possible reasons for a student
debt crisis now:
- Tuition has gone up
- Part time jobs and coop jobs unavailable or don’t
pay enough
- Less financial assistance available
- Predatory for-profit schools
- Lots of kids who couldn’t find jobs in the Great
Recession went to school or pursued advanced degrees
instead
None of these seem like adequate explanations.
College is too expensive, not sure how much it has
gone up adjusted for inflation. You’d think with
online instruction and extensive use of low paid
adjunct professors they could keep costs down.
Certainly dorms, food and other amenities are a lot
fancier than when I was in college, maybe those costs
have gotten out of hand. You’d also think state
schools and especially community colleges would be
affordable options, Harvard and Yale aren’t the only
places to get a good education.
But if there’s genuinely a huge student debt crisis,
what is causing it, and how do we fix it? Is “free
college for all” really the only solution?
I understand with the pandemic, people out of work
can’t pay their student debts, but supposedly this
problem predates the pandemic.
*From:* AF <[email protected]>
<mailto:[email protected]> *On Behalf Of *Bill
Prince
*Sent:* Sunday, October 11, 2020 3:54 PM
*To:* [email protected] <mailto:[email protected]>
*Subject:* Re: [AFMUG] OT good to be a boomer
Yah. Even though I'm a boomer, I think attributing
the current state of the economy entirely on boomers
is missing the mark somewhat. There are a whole raft
of issues that are squeezing millenials like
globalization and extreme automation. You keep adding
barriers, and getting or creating a good paying job
just gets more difficult. If all you can do is flip
burgers at Micky D's or pour coffee at Starbucks,
maybe you need to think a bit more creatively.
bp
<part15sbs{at}gmail{dot}com>
On 10/11/2020 11:52 AM, Ken Hohhof wrote:
Obviously I’m prejudiced, but I don’t think this
whole trope about all the problems young people today
face being the fault of the baby boomers (and wishing
they would die and stop hogging all the good jobs) is
quite accurate.
Yes we had a long recession starting in 2008 (but of
course there were recessions back in the 1970’s as
well), but I saw a lot of parents dipping into their
401K savings and taking out loans on their paid-off
houses so their adult children could live with them,
or to pay for their kids to go to college instead of
being unemployed.
Baby boomer 401K plans were a big cushion for
millennials and the economy in general during the
“Great Recession”. I think what will actually hit
the millennials is when the boomers do die, they
won’t be inheriting as much money because those
retirement funds got drained. Also, don’t kid
yourself that 70 year old boomer greeting people at
Walmart or bagging groceries at Kroger is just
continuing to work for the fun of it, or that a
millennial wanted that job anyway. As far as the
“good” jobs, age discrimination kicks in around age
50. I don’t think Google and Facebook have a lot of
boomers writing code. How many boomers does Elon Musk
have designing Teslas and SpaceX rockets?
Still a funny skit, but I run into millennials who
totally blame all their woes on boomers screwing
their generation over. And the “why don’t they die
already” viewpoint spills over into Covid
discussions. Lots of anti-maskers say things like
“if they don’t feel safe going out, they are free to
not go out”. Or there aren’t that many deaths if you
ignore the old people who were going to die anyway.
People at least didn’t used to say stuff like that
out loud.
*From:* AF <[email protected]>
<mailto:[email protected]> *On Behalf Of *Robert
*Sent:* Sunday, October 11, 2020 12:25 PM
*To:* [email protected] <mailto:[email protected]>
*Subject:* Re: [AFMUG] OT good to be a boomer
very apropos...
On 10/11/20 10:04 AM, [email protected]
<mailto:[email protected]> wrote:
https://www.nbc.com/saturday-night-live/video/millennial-millions/3867395
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