Hello There, Guest! (LoginRegister)

Post Reply 
OT: UT offers free tuition < $65k
Author Message
Bookmark and Share
Musicowl1965 Offline
Water Engineer
*

Posts: 42
Joined: Aug 2017
Reputation: 7
I Root For: Rice
Location:
Post: #21
RE: OT: UT offers free tuition < $65k
(07-10-2019 02:00 PM)RiceLad15 Wrote:  
(07-10-2019 01:40 PM)Musicowl1965 Wrote:  
(07-10-2019 08:06 AM)RiceLad15 Wrote:  
(07-10-2019 07:29 AM)Owl 69/70/75 Wrote:  
(07-09-2019 06:48 PM)RiceLad15 Wrote:  Would be interesting to understand where the new endowment funding came from.

My guess is that increased oil production doe to fracking has significantly enriched the endowment.

I have a question. With sticker prices skyrocketing, and with more and more programs such as this, are we going to reach a point where only the poor to lower middle class, and on the other hand the extremely wealthy, and going to be able to obtain a university education? Are we going to Californicate university education?

In state tuition for UT is just over $11k per year.

FYI, as most of us know tuition isn't where they gouge the heck out of you..Its the housing and assortment of fees which is most cases equal to or greater than tuition.

The $11k includes fees. UT lists a similar number for on-campus board (~$11k per year). Is $11k for housing in Austin gouging? Heck, that is downright affordable!

This is not really the "real" number for UT education. I know this as I have billing statements to prove it!! Average cost of education at UT-Austin is greater than 25K (all in) and depending on housing (dorm type etc) can get close to 28K. Universities like to only mention tuition (which I believe may be set by the state..at least it used to be for all public universities in Texas) when touting the "affordability" of higher education but the real cost is rarely ever mentioned. The biggest driver to the more than 600% increase in cost of education over last 10-15 yrs is the availability of government backed loans. Likely most here are aware of this as well. We have eliminated university competition for students since our government is willing to back the loans to those that, in some cases, will never be able to pay back. But university says..who cares..we got our money an you got a basket weaving degree that is not worth the paper it is written on or the cost to acquire. Sorry, likely wrong place for this discussion. Also, have salaries, on average increased at the rate of 600%? I'm not all that old and my degree cost has paid for itself many times over. I suspect that is not the case for many these days. The university I attended now charges over 20 times what I paid not adjusted for inflation.

Also, note...two school teachers in the state of Texas make more than 65K so I guess their out!! The Rice Investment is one of the best aid packages I have seen and really is a game changer for middle class students and will be helpful on the athletic side as well (for the partial scholarship sports).
07-10-2019 02:15 PM
Find all posts by this user Quote this message in a reply
tanqtonic Offline
Heisman
*

Posts: 5,676
Joined: Nov 2016
Reputation: 286
I Root For: rice
Location:
Post: #22
RE: OT: UT offers free tuition < $65k
(07-10-2019 02:00 PM)RiceLad15 Wrote:  
(07-10-2019 01:40 PM)Musicowl1965 Wrote:  
(07-10-2019 08:06 AM)RiceLad15 Wrote:  
(07-10-2019 07:29 AM)Owl 69/70/75 Wrote:  
(07-09-2019 06:48 PM)RiceLad15 Wrote:  Would be interesting to understand where the new endowment funding came from.

My guess is that increased oil production doe to fracking has significantly enriched the endowment.

I have a question. With sticker prices skyrocketing, and with more and more programs such as this, are we going to reach a point where only the poor to lower middle class, and on the other hand the extremely wealthy, and going to be able to obtain a university education? Are we going to Californicate university education?

In state tuition for UT is just over $11k per year.

FYI, as most of us know tuition isn't where they gouge the heck out of you..Its the housing and assortment of fees which is most cases equal to or greater than tuition.

The $11k includes fees. UT lists a similar number for on-campus board (~$11k per year). Is $11k for housing in Austin gouging? Heck, that is downright affordable!

Yes on-campus is 11k for board. Perhaps you should look into how many that is relative to the full student body.

It is 'downright affordable', if not an amazing bargain. IIRC, they have facilities for only about 15% of the student population. So, I wouldnt race off to the 'wow what a bargain' school of thought at first blush.
07-10-2019 02:41 PM
Find all posts by this user Quote this message in a reply
OldOwl Offline
1st String
*

Posts: 2,094
Joined: Oct 2011
Reputation: -13
I Root For: Rice Owls
Location:
Post: #23
RE: OT: UT offers free tuition < $65k
A better use of the money is forgive the debt for students who actually graduate. Otherwise, a lot of waste and abuse will occur.
07-10-2019 03:06 PM
Find all posts by this user Quote this message in a reply
georgewebb Offline
Heisman
*

Posts: 7,545
Joined: Oct 2005
Reputation: 73
I Root For:
Location:

The Parliament AwardsDonators
Post: #24
RE: OT: UT offers free tuition < $65k
(07-10-2019 02:15 PM)Musicowl1965 Wrote:  
(07-10-2019 02:00 PM)RiceLad15 Wrote:  
(07-10-2019 01:40 PM)Musicowl1965 Wrote:  
(07-10-2019 08:06 AM)RiceLad15 Wrote:  
(07-10-2019 07:29 AM)Owl 69/70/75 Wrote:  My guess is that increased oil production doe to fracking has significantly enriched the endowment.

I have a question. With sticker prices skyrocketing, and with more and more programs such as this, are we going to reach a point where only the poor to lower middle class, and on the other hand the extremely wealthy, and going to be able to obtain a university education? Are we going to Californicate university education?

In state tuition for UT is just over $11k per year.

FYI, as most of us know tuition isn't where they gouge the heck out of you..Its the housing and assortment of fees which is most cases equal to or greater than tuition.

The $11k includes fees. UT lists a similar number for on-campus board (~$11k per year). Is $11k for housing in Austin gouging? Heck, that is downright affordable!

This is not really the "real" number for UT education. I know this as I have billing statements to prove it!! Average cost of education at UT-Austin is greater than 25K (all in) and depending on housing (dorm type etc) can get close to 28K. Universities like to only mention tuition (which I believe may be set by the state..at least it used to be for all public universities in Texas) when touting the "affordability" of higher education but the real cost is rarely ever mentioned. The biggest driver to the more than 600% increase in cost of education over last 10-15 yrs is the availability of government backed loans. Likely most here are aware of this as well. We have eliminated university competition for students since our government is willing to back the loans to those that, in some cases, will never be able to pay back. But university says..who cares..we got our money an you got a basket weaving degree that is not worth the paper it is written on or the cost to acquire. Sorry, likely wrong place for this discussion. Also, have salaries, on average increased at the rate of 600%? I'm not all that old and my degree cost has paid for itself many times over. I suspect that is not the case for many these days. The university I attended now charges over 20 times what I paid not adjusted for inflation.

Also, note...two school teachers in the state of Texas make more than 65K so I guess their out!! The Rice Investment is one of the best aid packages I have seen and really is a game changer for middle class students and will be helpful on the athletic side as well (for the partial scholarship sports).

I also like the fact that the Rice Investment is available to residents of the entire United States.
07-10-2019 03:49 PM
Find all posts by this user Quote this message in a reply
I45owl Offline
Hall of Famer
*

Posts: 18,373
Joined: Jun 2005
Reputation: 184
I Root For: Rice Owls
Location: Dallas, TX

New Orleans Bowl
Post: #25
RE: OT: UT offers free tuition < $65k
(07-09-2019 07:00 PM)Fort Bend Owl Wrote:  My guess is the top 6 percent getting admitted to UT will soon be top 5 or even 4 percent (A&M still is almost 10 percent by comparison). Especially in lower income areas, the competition to be in the top percent of your class will be intense. You might see a lot of kids transferring from HISD school to a different HISD school to ensure they are in that top percentage.

It was either 25% in the 1980s when I graduated high school (I think). I think it went from about 9-10% to 7% during my daughter's time in high school. The UT administrators have fought against that threshold for years without much success.
07-10-2019 08:16 PM
Find all posts by this user Quote this message in a reply
I45owl Offline
Hall of Famer
*

Posts: 18,373
Joined: Jun 2005
Reputation: 184
I Root For: Rice Owls
Location: Dallas, TX

New Orleans Bowl
Post: #26
RE: OT: UT offers free tuition < $65k
One of the best programs I have seen is the Income Share Agreement that Mitch Daniels (former Gov, Senator) put in place at Purdue. Basically, they'll cover tuition until you graduate, and the amount they expect you to pay back is based on your salary after graduation.

Income Share Agreements - Division of Financial Aid - Purdue University
Income Share Agreements - Division of Financial Aid - Purdue University Wrote:In short, an ISA is an agreement where you receive funding while you are in school.  When you leave school, you will pay a fixed percentage of your income for a fixed number of years.  For some students, this will make sense and for others, the alternatives may be better.
07-10-2019 09:02 PM
Find all posts by this user Quote this message in a reply
I45owl Offline
Hall of Famer
*

Posts: 18,373
Joined: Jun 2005
Reputation: 184
I Root For: Rice Owls
Location: Dallas, TX

New Orleans Bowl
Post: #27
RE: OT: UT offers free tuition < $65k
Query - Does anyone here have experience with the Peace Corp ... either personally or a family member?
07-10-2019 09:02 PM
Find all posts by this user Quote this message in a reply
Fort Bend Owl Online
Hall of Famer
*

Posts: 22,277
Joined: Jun 2005
Reputation: 239
I Root For: An easy win
Location:

The Parliament Awards
Post: #28
RE: OT: UT offers free tuition < $65k
(07-10-2019 09:02 PM)I45owl Wrote:  One of the best programs I have seen is the Income Share Agreement that Mitch Daniels (former Gov, Senator) put in place at Purdue. Basically, they'll cover tuition until you graduate, and the amount they expect you to pay back is based on your salary after graduation.

Income Share Agreements - Division of Financial Aid - Purdue University
Income Share Agreements - Division of Financial Aid - Purdue University Wrote:In short, an ISA is an agreement where you receive funding while you are in school.  When you leave school, you will pay a fixed percentage of your income for a fixed number of years.  For some students, this will make sense and for others, the alternatives may be better.

Interesting. We're checking out Purdue next month for my oldest daughter. This would be handy but it looks like it says it's a very limited program?
07-10-2019 09:59 PM
Find all posts by this user Quote this message in a reply
RiceLad15 Offline
Heisman
*

Posts: 8,527
Joined: Nov 2009
Reputation: 88
I Root For: Rice Owls
Location: H-town
Post: #29
RE: OT: UT offers free tuition < $65k
(07-10-2019 02:15 PM)Musicowl1965 Wrote:  
(07-10-2019 02:00 PM)RiceLad15 Wrote:  
(07-10-2019 01:40 PM)Musicowl1965 Wrote:  
(07-10-2019 08:06 AM)RiceLad15 Wrote:  
(07-10-2019 07:29 AM)Owl 69/70/75 Wrote:  My guess is that increased oil production doe to fracking has significantly enriched the endowment.

I have a question. With sticker prices skyrocketing, and with more and more programs such as this, are we going to reach a point where only the poor to lower middle class, and on the other hand the extremely wealthy, and going to be able to obtain a university education? Are we going to Californicate university education?

In state tuition for UT is just over $11k per year.

FYI, as most of us know tuition isn't where they gouge the heck out of you..Its the housing and assortment of fees which is most cases equal to or greater than tuition.

The $11k includes fees. UT lists a similar number for on-campus board (~$11k per year). Is $11k for housing in Austin gouging? Heck, that is downright affordable!

This is not really the "real" number for UT education. I know this as I have billing statements to prove it!! Average cost of education at UT-Austin is greater than 25K (all in) and depending on housing (dorm type etc) can get close to 28K. Universities like to only mention tuition (which I believe may be set by the state..at least it used to be for all public universities in Texas) when touting the "affordability" of higher education but the real cost is rarely ever mentioned. The biggest driver to the more than 600% increase in cost of education over last 10-15 yrs is the availability of government backed loans. Likely most here are aware of this as well. We have eliminated university competition for students since our government is willing to back the loans to those that, in some cases, will never be able to pay back. But university says..who cares..we got our money an you got a basket weaving degree that is not worth the paper it is written on or the cost to acquire. Sorry, likely wrong place for this discussion. Also, have salaries, on average increased at the rate of 600%? I'm not all that old and my degree cost has paid for itself many times over. I suspect that is not the case for many these days. The university I attended now charges over 20 times what I paid not adjusted for inflation.

Also, note...two school teachers in the state of Texas make more than 65K so I guess their out!! The Rice Investment is one of the best aid packages I have seen and really is a game changer for middle class students and will be helpful on the athletic side as well (for the partial scholarship sports).

I mean, I’d love to see universities cost less - we are currently see school tuition increase at a sickening rate compared to wage increases. But when we’re looking at a single year at Rice costing more than what, more than two years at UT, I don’t really see why we’re complaining about UT’s costs. I mean, if we want to control public school tuition costs, cap tuition and raise taxes.
07-10-2019 11:13 PM
Find all posts by this user Quote this message in a reply
Frizzy Owl Offline
Heisman
*

Posts: 6,973
Joined: Nov 2012
Reputation: 44
I Root For: Rice
Location:
Post: #30
RE: OT: UT offers free tuition < $65k
(07-10-2019 11:13 PM)RiceLad15 Wrote:  
(07-10-2019 02:15 PM)Musicowl1965 Wrote:  
(07-10-2019 02:00 PM)RiceLad15 Wrote:  
(07-10-2019 01:40 PM)Musicowl1965 Wrote:  
(07-10-2019 08:06 AM)RiceLad15 Wrote:  In state tuition for UT is just over $11k per year.

FYI, as most of us know tuition isn't where they gouge the heck out of you..Its the housing and assortment of fees which is most cases equal to or greater than tuition.

The $11k includes fees. UT lists a similar number for on-campus board (~$11k per year). Is $11k for housing in Austin gouging? Heck, that is downright affordable!

This is not really the "real" number for UT education. I know this as I have billing statements to prove it!! Average cost of education at UT-Austin is greater than 25K (all in) and depending on housing (dorm type etc) can get close to 28K. Universities like to only mention tuition (which I believe may be set by the state..at least it used to be for all public universities in Texas) when touting the "affordability" of higher education but the real cost is rarely ever mentioned. The biggest driver to the more than 600% increase in cost of education over last 10-15 yrs is the availability of government backed loans. Likely most here are aware of this as well. We have eliminated university competition for students since our government is willing to back the loans to those that, in some cases, will never be able to pay back. But university says..who cares..we got our money an you got a basket weaving degree that is not worth the paper it is written on or the cost to acquire. Sorry, likely wrong place for this discussion. Also, have salaries, on average increased at the rate of 600%? I'm not all that old and my degree cost has paid for itself many times over. I suspect that is not the case for many these days. The university I attended now charges over 20 times what I paid not adjusted for inflation.

Also, note...two school teachers in the state of Texas make more than 65K so I guess their out!! The Rice Investment is one of the best aid packages I have seen and really is a game changer for middle class students and will be helpful on the athletic side as well (for the partial scholarship sports).

I mean, I’d love to see universities cost less - we are currently see school tuition increase at a sickening rate compared to wage increases. But when we’re looking at a single year at Rice costing more than what, more than two years at UT, I don’t really see why we’re complaining about UT’s costs. I mean, if we want to control public school tuition costs, cap tuition and raise taxes.

How about addressing the causes of spiraling tuition, instead of enabling them by transferring the revenue source from one middle class pocket to another?
07-11-2019 07:21 AM
Find all posts by this user Quote this message in a reply
RiceLad15 Offline
Heisman
*

Posts: 8,527
Joined: Nov 2009
Reputation: 88
I Root For: Rice Owls
Location: H-town
Post: #31
RE: OT: UT offers free tuition < $65k
(07-11-2019 07:21 AM)Frizzy Owl Wrote:  
(07-10-2019 11:13 PM)RiceLad15 Wrote:  
(07-10-2019 02:15 PM)Musicowl1965 Wrote:  
(07-10-2019 02:00 PM)RiceLad15 Wrote:  
(07-10-2019 01:40 PM)Musicowl1965 Wrote:  FYI, as most of us know tuition isn't where they gouge the heck out of you..Its the housing and assortment of fees which is most cases equal to or greater than tuition.

The $11k includes fees. UT lists a similar number for on-campus board (~$11k per year). Is $11k for housing in Austin gouging? Heck, that is downright affordable!

This is not really the "real" number for UT education. I know this as I have billing statements to prove it!! Average cost of education at UT-Austin is greater than 25K (all in) and depending on housing (dorm type etc) can get close to 28K. Universities like to only mention tuition (which I believe may be set by the state..at least it used to be for all public universities in Texas) when touting the "affordability" of higher education but the real cost is rarely ever mentioned. The biggest driver to the more than 600% increase in cost of education over last 10-15 yrs is the availability of government backed loans. Likely most here are aware of this as well. We have eliminated university competition for students since our government is willing to back the loans to those that, in some cases, will never be able to pay back. But university says..who cares..we got our money an you got a basket weaving degree that is not worth the paper it is written on or the cost to acquire. Sorry, likely wrong place for this discussion. Also, have salaries, on average increased at the rate of 600%? I'm not all that old and my degree cost has paid for itself many times over. I suspect that is not the case for many these days. The university I attended now charges over 20 times what I paid not adjusted for inflation.

Also, note...two school teachers in the state of Texas make more than 65K so I guess their out!! The Rice Investment is one of the best aid packages I have seen and really is a game changer for middle class students and will be helpful on the athletic side as well (for the partial scholarship sports).

I mean, I’d love to see universities cost less - we are currently see school tuition increase at a sickening rate compared to wage increases. But when we’re looking at a single year at Rice costing more than what, more than two years at UT, I don’t really see why we’re complaining about UT’s costs. I mean, if we want to control public school tuition costs, cap tuition and raise taxes.

How about addressing the causes of spiraling tuition, instead of enabling them by transferring the revenue source from one middle class pocket to another?

I'd be open to plenty of options to address it - I just proposed the most direct method to address public university cost increases (we've generally seen state funding for public universities decrease across the board, shifting the burden directly to students). What sort of proposals are you thinking of? Would they address both public and private university tuition increases?
07-11-2019 07:44 AM
Find all posts by this user Quote this message in a reply
Frizzy Owl Offline
Heisman
*

Posts: 6,973
Joined: Nov 2012
Reputation: 44
I Root For: Rice
Location:
Post: #32
RE: OT: UT offers free tuition < $65k
(07-11-2019 07:44 AM)RiceLad15 Wrote:  
(07-11-2019 07:21 AM)Frizzy Owl Wrote:  
(07-10-2019 11:13 PM)RiceLad15 Wrote:  
(07-10-2019 02:15 PM)Musicowl1965 Wrote:  
(07-10-2019 02:00 PM)RiceLad15 Wrote:  The $11k includes fees. UT lists a similar number for on-campus board (~$11k per year). Is $11k for housing in Austin gouging? Heck, that is downright affordable!

This is not really the "real" number for UT education. I know this as I have billing statements to prove it!! Average cost of education at UT-Austin is greater than 25K (all in) and depending on housing (dorm type etc) can get close to 28K. Universities like to only mention tuition (which I believe may be set by the state..at least it used to be for all public universities in Texas) when touting the "affordability" of higher education but the real cost is rarely ever mentioned. The biggest driver to the more than 600% increase in cost of education over last 10-15 yrs is the availability of government backed loans. Likely most here are aware of this as well. We have eliminated university competition for students since our government is willing to back the loans to those that, in some cases, will never be able to pay back. But university says..who cares..we got our money an you got a basket weaving degree that is not worth the paper it is written on or the cost to acquire. Sorry, likely wrong place for this discussion. Also, have salaries, on average increased at the rate of 600%? I'm not all that old and my degree cost has paid for itself many times over. I suspect that is not the case for many these days. The university I attended now charges over 20 times what I paid not adjusted for inflation.

Also, note...two school teachers in the state of Texas make more than 65K so I guess their out!! The Rice Investment is one of the best aid packages I have seen and really is a game changer for middle class students and will be helpful on the athletic side as well (for the partial scholarship sports).

I mean, I’d love to see universities cost less - we are currently see school tuition increase at a sickening rate compared to wage increases. But when we’re looking at a single year at Rice costing more than what, more than two years at UT, I don’t really see why we’re complaining about UT’s costs. I mean, if we want to control public school tuition costs, cap tuition and raise taxes.

How about addressing the causes of spiraling tuition, instead of enabling them by transferring the revenue source from one middle class pocket to another?

I'd be open to plenty of options to address it - I just proposed the most direct method to address public university cost increases (we've generally seen state funding for public universities decrease across the board, shifting the burden directly to students). What sort of proposals are you thinking of? Would they address both public and private university tuition increases?

Administrative bloat is the primary cause of spiraling tuition, as universities do what any bureaucracy does with an unlimited revenue stream. Ready access to loan money means students can come up with the money to pay any amount of tuition, so tuition just keeps on rising. Limit loan amounts to a set amount of money per year and tuition will stop rising.

Private universities (excepting those with exceptional name cachet - i.e., the Ivies) are already facing the issue that for many or most of their undergraduate degree programs, the cost differential between them and public universities just isn't worth it. This is becoming increasingly true at Rice. At private universities, an increasing proportion of the students aren't paying sticker price. Capping loan amounts will effectively limit increases in actual cost even if the base price remains high.
07-11-2019 08:22 AM
Find all posts by this user Quote this message in a reply
ausowl Offline
1st String
*

Posts: 1,046
Joined: Jun 2005
Reputation: 5
I Root For: New Orleans
Location: Austin/New Orleans

New Orleans Bowl
Post: #33
RE: OT: UT offers free tuition < $65k
(07-10-2019 08:16 PM)I45owl Wrote:  
(07-09-2019 07:00 PM)Fort Bend Owl Wrote:  My guess is the top 6 percent getting admitted to UT will soon be top 5 or even 4 percent (A&M still is almost 10 percent by comparison). Especially in lower income areas, the competition to be in the top percent of your class will be intense. You might see a lot of kids transferring from HISD school to a different HISD school to ensure they are in that top percentage.

It was either 25% in the 1980s when I graduated high school (I think). I think it went from about 9-10% to 7% during my daughter's time in high school. The UT administrators have fought against that threshold for years without much success.

The big difference re UT admittance from when I graduated from HS - effectively you sent in a postcard with your SAT score. Hit X score and as long as you were breathing most of the time, you were in.
07-11-2019 08:42 AM
Find all posts by this user Quote this message in a reply
Tomball Owl Offline
Heisman
*

Posts: 6,963
Joined: Oct 2005
Reputation: 47
I Root For: Rice Owls
Location: Comal County
Post: #34
RE: OT: UT offers free tuition < $65k
(07-10-2019 11:13 PM)RiceLad15 Wrote:  I mean, if we want to control public school tuition costs, cap tuition and raise taxes.

How the heck does raising taxes control costs?

Seems like you just raised the cost to all taxpayers.
07-11-2019 11:18 AM
Find all posts by this user Quote this message in a reply
owlsfan Offline
1st String
*

Posts: 1,019
Joined: Apr 2007
Reputation: 12
I Root For:
Location:
Post: #35
RE: OT: UT offers free tuition < $65k
(07-10-2019 07:29 AM)Owl 69/70/75 Wrote:  
(07-09-2019 06:48 PM)RiceLad15 Wrote:  
(07-09-2019 06:14 PM)Tomball Owl Wrote:  
(07-09-2019 05:15 PM)I45owl Wrote:  
(07-09-2019 04:32 PM)Tomball Owl Wrote:  Free? Somebody will pay.
It's backed by an endowment.
According to the UT Web Site, they have an existing plan with $30k/$100k thresholds.
Exactly. The endowment is paying. I guess my issue is with the Chronicle headline rather than what UT is doing. It’s not “free”.
Would be interesting to understand where the new endowment funding came from.

My guess is that increased oil production doe to fracking has significantly enriched the endowment.

I have a question. With sticker prices skyrocketing, and with more and more programs such as this, are we going to reach a point where only the poor to lower middle class, and on the other hand the extremely wealthy, and going to be able to obtain a university education? Are we going to Californicate university education?

Yes, we will get there. For years the quoted cost of college (the face rate) has been increasing by well more than the inflation rate, while the average cost (tuition paid spread over the student body) has been going down. The result is as you describe above; a very low percentage now pay that full tuition rate, and what the heck, if someone will pop an extra million or so to get their kid into a desired school as a fake athlete, why not cut out the middle man and just charge that full amount (tuition plus the bribe amount) as the tuition? If you are not paying anything, then whether the face rate is $50,000.00 a year or $250,000 a year, you are not paying it, any way.
07-11-2019 12:18 PM
Find all posts by this user Quote this message in a reply
Hambone10 Offline
Hooter
*

Posts: 32,057
Joined: Nov 2005
Reputation: 777
I Root For: My Kids
Location: Right Down th Middle

New Orleans BowlDonatorsThe Parliament Awards
Post: #36
RE: OT: UT offers free tuition < $65k
My guess is that an in state student whose family makes less than 65k and is accepted is already getting a reasonable amount of scholarship. This certainly may deflect some funds from one person to another, but this isn't as big a deal as they're making it. Our deal, especially in that our trust is private and not backed by the PUF is similar in function, but far better in impact imo.
07-11-2019 01:02 PM
Find all posts by this user Quote this message in a reply
tanqtonic Offline
Heisman
*

Posts: 5,676
Joined: Nov 2016
Reputation: 286
I Root For: rice
Location:
Post: #37
RE: OT: UT offers free tuition < $65k
(07-11-2019 08:22 AM)Frizzy Owl Wrote:  
(07-11-2019 07:44 AM)RiceLad15 Wrote:  
(07-11-2019 07:21 AM)Frizzy Owl Wrote:  
(07-10-2019 11:13 PM)RiceLad15 Wrote:  
(07-10-2019 02:15 PM)Musicowl1965 Wrote:  This is not really the "real" number for UT education. I know this as I have billing statements to prove it!! Average cost of education at UT-Austin is greater than 25K (all in) and depending on housing (dorm type etc) can get close to 28K. Universities like to only mention tuition (which I believe may be set by the state..at least it used to be for all public universities in Texas) when touting the "affordability" of higher education but the real cost is rarely ever mentioned. The biggest driver to the more than 600% increase in cost of education over last 10-15 yrs is the availability of government backed loans. Likely most here are aware of this as well. We have eliminated university competition for students since our government is willing to back the loans to those that, in some cases, will never be able to pay back. But university says..who cares..we got our money an you got a basket weaving degree that is not worth the paper it is written on or the cost to acquire. Sorry, likely wrong place for this discussion. Also, have salaries, on average increased at the rate of 600%? I'm not all that old and my degree cost has paid for itself many times over. I suspect that is not the case for many these days. The university I attended now charges over 20 times what I paid not adjusted for inflation.

Also, note...two school teachers in the state of Texas make more than 65K so I guess their out!! The Rice Investment is one of the best aid packages I have seen and really is a game changer for middle class students and will be helpful on the athletic side as well (for the partial scholarship sports).

I mean, I’d love to see universities cost less - we are currently see school tuition increase at a sickening rate compared to wage increases. But when we’re looking at a single year at Rice costing more than what, more than two years at UT, I don’t really see why we’re complaining about UT’s costs. I mean, if we want to control public school tuition costs, cap tuition and raise taxes.

How about addressing the causes of spiraling tuition, instead of enabling them by transferring the revenue source from one middle class pocket to another?

I'd be open to plenty of options to address it - I just proposed the most direct method to address public university cost increases (we've generally seen state funding for public universities decrease across the board, shifting the burden directly to students). What sort of proposals are you thinking of? Would they address both public and private university tuition increases?

Administrative bloat is the primary cause of spiraling tuition, as universities do what any bureaucracy does with an unlimited revenue stream. Ready access to loan money means students can come up with the money to pay any amount of tuition, so tuition just keeps on rising. Limit loan amounts to a set amount of money per year and tuition will stop rising.

Private universities (excepting those with exceptional name cachet - i.e., the Ivies) are already facing the issue that for many or most of their undergraduate degree programs, the cost differential between them and public universities just isn't worth it. This is becoming increasingly true at Rice. At private universities, an increasing proportion of the students aren't paying sticker price. Capping loan amounts will effectively limit increases in actual cost even if the base price remains high.

Another causation is the amount of cheap loans available. Think of what happened to real estate prices with cheap, easy credit. The education loan market has been a wide open floodgate for 40 years ----
07-11-2019 02:11 PM
Find all posts by this user Quote this message in a reply
RiceLad15 Offline
Heisman
*

Posts: 8,527
Joined: Nov 2009
Reputation: 88
I Root For: Rice Owls
Location: H-town
Post: #38
RE: OT: UT offers free tuition < $65k
(07-11-2019 11:18 AM)Tomball Owl Wrote:  
(07-10-2019 11:13 PM)RiceLad15 Wrote:  I mean, if we want to control public school tuition costs, cap tuition and raise taxes.

How the heck does raising taxes control costs?

Seems like you just raised the cost to all taxpayers.

The caping tuition at public colleges controls costs...
07-11-2019 03:41 PM
Find all posts by this user Quote this message in a reply
Frizzy Owl Offline
Heisman
*

Posts: 6,973
Joined: Nov 2012
Reputation: 44
I Root For: Rice
Location:
Post: #39
RE: OT: UT offers free tuition < $65k
(07-11-2019 03:41 PM)RiceLad15 Wrote:  
(07-11-2019 11:18 AM)Tomball Owl Wrote:  
(07-10-2019 11:13 PM)RiceLad15 Wrote:  I mean, if we want to control public school tuition costs, cap tuition and raise taxes.

How the heck does raising taxes control costs?

Seems like you just raised the cost to all taxpayers.

The caping tuition at public colleges controls costs...

Then why raise taxes?
07-11-2019 03:48 PM
Find all posts by this user Quote this message in a reply
Tomball Owl Offline
Heisman
*

Posts: 6,963
Joined: Oct 2005
Reputation: 47
I Root For: Rice Owls
Location: Comal County
Post: #40
RE: OT: UT offers free tuition < $65k
(07-11-2019 03:41 PM)RiceLad15 Wrote:  
(07-11-2019 11:18 AM)Tomball Owl Wrote:  
(07-10-2019 11:13 PM)RiceLad15 Wrote:  I mean, if we want to control public school tuition costs, cap tuition and raise taxes.

How the heck does raising taxes control costs?

Seems like you just raised the cost to all taxpayers.

The caping tuition at public colleges controls costs...

Your statement clearly says "cap tuition and raise taxes". So you included raise taxes because ….?
(This post was last modified: 07-11-2019 03:51 PM by Tomball Owl.)
07-11-2019 03:49 PM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2019 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2019 MyBB Group.