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Old 03-24-2013, 09:56 AM
 
5,644 posts, read 13,255,977 times
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Quote:
Originally Posted by golfgal View Post
Old numbers......the 2013 numbers are not all out yet---those are rates from last year's class, the kids that are freshmen in college now. Even so, is 11% really all that different then 9%
9%???

YOU said and I quote " Acceptance into the top 30 schools or so is in the 6-7% range"

1 year ago only FIVE schools had an acceptance rate this low.....

You really think 25 more schools now claim an acceptance rate of 6-7%?????

I think it is clear you exaggerated, falsified, lied....however one wants to shade it

If not, PROVE IT.....
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Old 03-24-2013, 10:45 AM
 
20,793 posts, read 61,443,483 times
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Quote:
Originally Posted by bluedevilz View Post
9%???

YOU said and I quote " Acceptance into the top 30 schools or so is in the 6-7% range"

1 year ago only FIVE schools had an acceptance rate this low.....

You really think 25 more schools now claim an acceptance rate of 6-7%?????

I think it is clear you exaggerated, falsified, lied....however one wants to shade it

If not, PROVE IT.....
get over it--I should have said single digit---whatever..... YOu really want to squabble over a couple percentage points--feel free.....point being---college admissions has gotten a lot harder with record number of applications seen at many colleges this year....
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Old 03-24-2013, 12:55 PM
 
5,644 posts, read 13,255,977 times
Reputation: 14170
Quote:
Originally Posted by golfgal View Post
get over it--I should have said single digit---whatever..... YOu really want to squabble over a couple percentage points--feel free.....point being---college admissions has gotten a lot harder with record number of applications seen at many colleges this year....
So in other words, you picked that number, 30, out of thin air...


Got it


I'm not squabbling over anything, nice admission that you were wrong though
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Old 03-25-2013, 06:58 AM
 
Location: Chicago, IL
8,998 posts, read 14,815,132 times
Reputation: 3550
Quote:
Originally Posted by brocco View Post
lol no one who goes to a top school takes out that much in debt...average is around 15-20k. you are forgetting financial aid
Most "financial aid" these days for middle-class students is in the form of loans.
All of my federal financial aid has been loans.
I was lucky to receive scholarships in undergrad to pay for all of my tuition and fees. I was only responsible for paying for my textbooks.
As far as grad school, I received a scholarship for the first year of study-tuition and fees.

I think in the next few years, it won't be as competitive because the population of the "traditional" college-student is decreasing. Just a thought.
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Old 03-25-2013, 07:40 AM
 
3,670 posts, read 7,179,314 times
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Quote:
Originally Posted by PurpleLove08 View Post
Most "financial aid" these days for middle-class students is in the form of loans.
All of my federal financial aid has been loans.
I was lucky to receive scholarships in undergrad to pay for all of my tuition and fees. I was only responsible for paying for my textbooks.
As far as grad school, I received a scholarship for the first year of study-tuition and fees.

I think in the next few years, it won't be as competitive because the population of the "traditional" college-student is decreasing. Just a thought.
we are talking about top schools
the aid is from the school/endowment...not the government
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Old 03-25-2013, 07:54 AM
 
20,793 posts, read 61,443,483 times
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Quote:
Originally Posted by PurpleLove08 View Post
Most "financial aid" these days for middle-class students is in the form of loans.
All of my federal financial aid has been loans.
I was lucky to receive scholarships in undergrad to pay for all of my tuition and fees. I was only responsible for paying for my textbooks.
As far as grad school, I received a scholarship for the first year of study-tuition and fees.

I think in the next few years, it won't be as competitive because the population of the "traditional" college-student is decreasing. Just a thought.
Of course "most" federal aid comes in the form of loans. Most people do not qualify for Pell Grants, the other form of federal aid. The rest of your scholarships and grants come from your state or from the school itself. Check out that average student load debt for the top 20 colleges....
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Old 03-25-2013, 09:12 AM
 
4,361 posts, read 7,197,711 times
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Quote:
Originally Posted by brocco View Post
lol no one who goes to a top school takes out that much in debt...average is around 15-20k. you are forgetting financial aid
I'm not forgetting anything. I know plenty of people who have spent nearly $250k on their schooling (books, R&B included). Most of them are pushing 40 and still paying for it.

Average debt for a state school might be around 15-20k. At $9-10k/yy (not including books or R&B), it's likely more.
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Old 03-25-2013, 09:21 AM
 
3,670 posts, read 7,179,314 times
Reputation: 4269
Quote:
Originally Posted by Cleveland_Collector View Post
I'm not forgetting anything. I know plenty of people who have spent nearly $250k on their schooling (books, R&B included). Most of them are pushing 40 and still paying for it.

Average debt for a state school might be around 15-20k. At $9-10k/yy (not including books or R&B), it's likely more.
perhaps we have different definitions of "top school" unless you're talking about med or law school
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Old 03-25-2013, 09:36 AM
 
4,361 posts, read 7,197,711 times
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Quote:
Originally Posted by golfgal View Post
Many of these top schools convert loan aid into grants so kids graduate debt free. The average debt upon graduation from Harvard is $7000, nationally the average debt is $24,000. I highly doubt that you have several acquaintances that have $200K in debt.
Not anymore. They've all been paying it down for 15 years. I knew 2 people personally (along with several acquaintances) that had debt in that range. Harvard and other Ivy League schools have huge endowments and a benevolent reputation to live up to with their fellow East Coast elites. They are the exception, not the rule.

The average medical school debt is $140K. The average graduate degree student carries close to $40K. I hope I don't need to tell you how one arrives at an average.

The current outstanding student loan balance is in the neighborhood of $900 billion. And, many of the students included in that statistic are carrying 6-figure debt.
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Old 03-25-2013, 09:41 AM
 
4,361 posts, read 7,197,711 times
Reputation: 4866
Quote:
Originally Posted by brocco View Post
perhaps we have different definitions of "top school" unless you're talking about med or law school
What does this subject have to do with "top schools?" It has to do with accumulated debt due to education expense. It really doesn't have anything to do with the anecdotal example of some Ivy League palace bestowing their annual tuition mercy. Bottom line: There is a lot of student debt and much of it comes from private institutions.
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