Baylor in the news again, and not in a good way

[Teller Ulam]

How Baylor Steered Lower-Income Parents to Debt They Couldn’t Afford

New federal data show the Texas university and some other colleges with big endowments guided families into no-limit Parent Plus loans to cover rising tuition, leaving them with onerous payments. “I will never get it all paid off.”

www.wsj.com

 

[Teller Ulam]

If you can't read it let me know and I will cut and paste it here instead.

 

[DeBruzzio]

If you can't read it let me know and I will cut and paste it here instead.

requires subscribtion, cut and paste if you can, thanks.

 

[ISUAgronomist]

Sounds familiar to ISU pushing Iowa Student Loan.

 

[JM4CY]

The mods are gonna hate you.

 

[Cyched]

I'm all for a good Baylor bash fest, but cutting and pasting paid content seems like a no-no.

 

[jdoggivjc]

Baylor gonna Baylor. Sadly this is nothing compared to what they've done in the past.

 

[AgronAlum]

Eight ads in two posts (six in one).

Impressive.

 

[BWRhasnoAC]

Greed.

 

[Gonzo]

There needs to be a lot more parent education when it comes to college financial aid. The entire process can be extremely daunting, especially to parents of first-gen college students, they often just don't know what they're getting into and it sounds like in situations like this, schools like it that way. Feel bad for them.

 

[drmwevr08]

The college 'system' like most things over the last 40-50 years has become all about money and no longer serves a majority of those it should. Unfortunate but things like this are going to have to crash before they improve.

 

[Cyclonick182]

What's the TLDR version of that?

 

[Cydkar]

I won't comment on how insane you have to be to pay $50,000 for a year of college. I just won't.

 

[ISUcyclones11]

I won't comment on how insane you have to be to pay $50,000 for a year of college. I just won't.

At a fake cult university no less.

I hate being in the same conference as these idiots

 

[Gonzo]

I won't comment on how insane you have to be to pay $50,000 for a year of college. I just won't.

In addition to another $40k for an MBA, and then land a job making $75k/year.

 

[Scruff]

I won't comment on how insane you have to be to pay $50,000 for a year of college. I just won't.

I know of someone that went to a private "Art" school. Costs about $60k per year. They were ecstatic because they received biggest scholarship in their high school of $16k per year for four years. The $16k scholarship came from the school charging them $60k. I'll let you think that one through.

Anyway, gradated last spring with a mountain of debt and working at a near minimum wage job not doing anything remotely related to their trash degree.

I personally tried to tell them they were stupid before they chose it, but they shrugged it off. "Ill be in debt the rest of my life who cares, I'll be doing what I love." Which is the advice they heard from all of their teachers, friends, and parents... "Just do what you love."

Sorry end rant. It was someone close to me and makes me sick to think about.

 

[Scruff]

when Baylor makes the news is it ever in a good way?

 

[jdoggivjc]

What's the TLDR version of that?

Fed parents Kool-Aid; convinced them it was a great idea to pay 50k a year for their children's education whether they could afford it or not.

 

[jdoggivjc]

I know of someone that went to a private "Art" school. Costs about $60k per year. They were ecstatic because they received biggest scholarship in their high school of $16k per year for four years. The $16k scholarship came from the school charging them $60k. I'll let you think that one through.

Anyway, gradated last spring with a mountain of debt and working at a near minimum wage job not doing anything remotely related to their trash degree.

I personally tried to tell them they were stupid before they chose it, but they shrugged it off. "Ill be in debt the rest of my life who cares, I'll be doing what I love." Which is the advice they heard from all of their teachers, friends, and parents... "Just do what you love."

Sorry end rant. It was someone close to me and makes me sick to think about.

The only reason why I went to St. Ambrose (private school in Davenport) for my MBA is because my job paid for 100% of it. I would have never chosen to get any degree there in any other circumstance.

 

[Die4Cy]

I know of someone that went to a private "Art" school. Costs about $60k per year. They were ecstatic because they received biggest scholarship in their high school of $16k per year for four years. The $16k scholarship came from the school charging them $60k. I'll let you think that one through.

Anyway, gradated last spring with a mountain of debt and working at a near minimum wage job not doing anything remotely related to their trash degree.

I personally tried to tell them they were stupid before they chose it, but they shrugged it off. "Ill be in debt the rest of my life who cares, I'll be doing what I love." Which is the advice they heard from all of their teachers, friends, and parents... "Just do what you love."

Sorry end rant. It was someone close to me and makes me sick to think about.

Is it the art school that ran ads in the paper when I was a kid, where you had to draw a cartoon turtle with a baseball cap to exhibit your talents?