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2 clueless teens, baffled by a rotary phone lol

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18 minutes ago, Batsto said:

If you economically deprived you will get loans, scholarships and etc. But if you have a double income and don't  match quota numbers  you will pay. 

You're not understanding what I'm saying.  If you sit back and say to the college or university "what can you offer me," they are going to baffle you with bulls---.  If you go and source the money on your own from professional associations, private foundations, etc...its based solely upon whatever criteria those organizations specify.  I'll give you an analogy.  I just bought a late model used truck.  Rather than go to the dealer and play games with their financing guy/general manager, I went down to my credit union, told them how much I was willing to spend on a truck, and they gave me a loan right there, no gimmicks, no tricks, etc...  I then took that blank check and walked into the dealer and paid no more than I had planned.  Side note, my BIL is a white guy from Sussex County but he worked his butt off getting private scholarship $$$.

Edited by Swamp_Yankee

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38 minutes ago, Swamp_Yankee said:

 

Both of you are referring to "discounting" which is essentially a used car salesman tactic utilized by colleges and universities.  Batsto, your daughter wasn't going to "get money" from Rutgers, Rutgers was just going to agree give her a smaller bill in order to get her to sign on the dotted line.  The reality is that higher education doesn't actually cost anywhere near what colleges and universities charge students.  They charge students that much because they know that the student can simply go out and borrow hundreds of thousands of dollars from the federal government.  This is Economics 101-simple inflation-the availability of easy to borrow money results in out of control price inflation of whatever it is used to purchase, in this case, education.  College and university "discounting" is no different than going to a used car lot and having the guy give you a "great deal" on a car he tells you is worth $20,000 and he'll sell it to you for $15,000, only you don't know he only paid $8,000 for it.  Rutgers may have told her that she could attend for $35,000 per year, but in reality it probably only costs them $5,000 per year to provide the education.

I'm talking about achieving actual merit based scholarships from organizations that seek to find high achieving students who wish to study in their field (professional organizations, fraternal organizations, industry associations, etc...) knowing that the student will graduate, get a job in the field, and contribute to the field.  There are thousands of scholarship opportunities offered by thousands of organizations in the medical, engineering, science, legal, and other fields.  College and university "discounting" is a cheap con game designed to draw in students and parents who are easily drawn in by the lure of easy money.  The National Society of Professional Engineers, The American Academy of Trial Lawyers, and others, on the other hand don't just give money away to anyone.  Did your daughter apply for any of these or other scholarships not offered through the college or university itself?  Heck, there are a number of local scholarships only available to Hunterdon County students:

https://drive.google.com/drive/folders/11y9hobaZFq36yW1DFlNGbUo59nHK-ujs 

Please do not think that I'm at all knocking your daughter's achievements, but in this day and age a high SAT score and NHS is not nearly enough.  Again, no victimhood here, just the Gospel of Wealth and hard work.  

Excellent summary, college became a bankrupting proposition when the government involved itself in the financial process with guaranteed student loans. The same can be said of many other entities in particular medicine. I will differ with you, the Gospel of hard work has been rewritten, heck it has been mutilated. Overt or covert quotas exist and routinely punish the achiever. Off subject but within the realm of discussion, college has become a scam and more of a social experiment then a form of higher education and society reflects it.

    

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2 hours ago, YurytheRed said:

Excellent summary, college became a bankrupting proposition when the government involved itself in the financial process with guaranteed student loans. The same can be said of many other entities in particular medicine. I will differ with you, the Gospel of hard work has been rewritten, heck it has been mutilated. Overt or covert quotas exist and routinely punish the achiever. Off subject but within the realm of discussion, college has become a scam and more of a social experiment then a form of higher education and society reflects it.

Too much defeatist whining in this thread.  My wife and I are both professionals with Masters degrees who chose our fields of study carefully as well as our professions.  College, like anything else in life, is what you make of it.  If you distinguish yourself academically, make choices based on simple economics (lesser known state schools vs. big name private schools) and return on investment, keep your head down and ignore politics, etc...you'll come out way ahead of the person to borrowed $300,000 to get a degree in advanced basketweaving from Harvard.  Common sense.

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5 hours ago, Swamp_Yankee said:

You're not understanding what I'm saying.  If you sit back and say to the college or university "what can you offer me," they are going to baffle you with bulls---.  If you go and source the money on your own from professional associations, private foundations, etc...its based solely upon whatever criteria those organizations specify.  I'll give you an analogy.  I just bought a late model used truck.  Rather than go to the dealer and play games with their financing guy/general manager, I went down to my credit union, told them how much I was willing to spend on a truck, and they gave me a loan right there, no gimmicks, no tricks, etc...  I then took that blank check and walked into the dealer and paid no more than I had planned.  Side note, my BIL is a white guy from Sussex County but he worked his butt off getting private scholarship $$$.

Oh really, and what do you say when the dean of admissions says, I have 2000 other applicant's waiting for a spot. Like I said, get ready for sticker shock. 

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3 hours ago, Batsto said:

Oh really, and what do you say when the dean of admissions says, I have 2000 other applicant's waiting for a spot. Like I said, get ready for sticker shock. 

What does that have to do with the conversation?  Look, I get that most people don't know how to play this game-colleges and universities count on the fact that people don't know how to play it.  Just trying to give a little friendly advice.  

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9 hours ago, Swamp_Yankee said:

What does that have to do with the conversation?  Look, I get that most people don't know how to play this game-colleges and universities count on the fact that people don't know how to play it.  Just trying to give a little friendly advice.  

I was in the game! Did it for 36 Yrs. Can't compare undergrad with MBA or post grad work. Grad Schools like Rutgers Law is a fine  law school but hands out money to attract students. Camden is a hard sell, but like I said it's a good school. I suggested  Rutgers Camden to my son in law to get his MBA. With his work benefits and the reduced tuition cost, he went cheap. Plus, these schools are really making some cash on the online education programs, which has really dumbed down the overall educational standards. 

Edited by Batsto

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