$110,000 in Debt (college)

I get disappointed when posters jump to conclusions and condemnations when a student finds herself in a sad situation. Sure she made some bad choices, but that is in retrospect. Who knew that she wouldn't be able to land a job in her chosen field? The main fault lies with the industries (colleges and Sallie Mae) that are designed to exploit situations such as this.
 
Wow, I have never heard of this. Can you share which school offers this program?
Appalachian State University. My old students rave about the program, saying that they love knowing that $105 (which is already built into their tuition) takes care of their book needs. They say that only very rarely is anyone required to purchase a textbook.

My daughter is planning to study nursing, and I know that major is known for $$$$$$ books Junior year, so when we went to Open House I specifically asked about it -- yep, all nursing books are included.

Initially my husband said he didn't like the idea. He said, "What if you want to keep some of your textbooks?" I pointed out that neither of us kept many of our books, and IF she wants to do so, she always has the option to purchase a copy (at her leisure) to keep.

From their website:

Rental Books
The Rental Textbook Program covers one book per course for most courses on campus only for undergraduate students for Fall and Spring semesters only. All other textbooks must be purchased.

When picking up books: Bring a computer printed schedule which includes the banner id # and bring your AppCard when you come to the 2nd floor of the University Bookstore.

Rental books for the Fall 2010 semester are due back before December 17th, 2010.

Undergraduate students may purchase rental textbooks - at Replacement Cost, at any time.
 
I had a prof who made us buy the book he wrote & with your final project (from the book) you had to rip off the front cover & submit it with your project. No chance at reselling ;)
Things like that should be forbidden by the university. Did anyone ever complain to anyone above his head?

Only slightly related: I work with books -- not textbooks -- and when we have DAMAGED books, the company has us tear off the front covers and send them back. This lets them know that we aren't lying, that we're not getting a refund and then selling the books behind their backs. And it also means that no one has to pay to ship damaged books back to the factory. In this case, it's a win-win situation.
 
Appalachian State University. My old students rave about the program, saying that they love knowing that $105 (which is already built into their tuition) takes care of their book needs. They say that only very rarely is anyone required to purchase a textbook.

My daughter is planning to study nursing, and I know that major is known for $$$$$$ books Junior year, so when we went to Open House I specifically asked about it -- yep, all nursing books are included.

Initially my husband said he didn't like the idea. He said, "What if you want to keep some of your textbooks?" I pointed out that neither of us kept many of our books, and IF she wants to do so, she always has the option to purchase a copy (at her leisure) to keep.

From their website:

Rental Books
The Rental Textbook Program covers one book per course for most courses on campus only for undergraduate students for Fall and Spring semesters only. All other textbooks must be purchased.

When picking up books: Bring a computer printed schedule which includes the banner id # and bring your AppCard when you come to the 2nd floor of the University Bookstore.

Rental books for the Fall 2010 semester are due back before December 17th, 2010.

Undergraduate students may purchase rental textbooks - at Replacement Cost, at any time.

I worked as a critical care nurse for several years, and I never referred to my nursing school text books, the exception being a pharmacology reference.
 

Appalachian State University. My old students rave about the program, saying that they love knowing that $105 (which is already built into their tuition) takes care of their book needs. They say that only very rarely is anyone required to purchase a textbook.

Totally irrelevant but that's where DH went to school originally. He said it was a great university. :)
 
With the advancement of technology and dissemination of information on the internet, textbooks become outdated so quickly that keeping textbooks in nearly all scenarios is a thing of the past.

With the exception being direct reference texts in medical fields and a few other reference text containing information that is nearly static.

I saved a bunch of college text books, but I have only used one of them - once. Pretty crazy that they are still on the shelf! :confused3
 
I worked as a critical care nurse for several years, and I never referred to my nursing school text books, the exception being a pharmacology reference.
I do use some of my books, but they're all literature; for example, my book of Shakespeare's Complete Works -- not true textbooks. They're the ones that weren't tremendously expensive in the first place.
Totally irrelevant but that's where DH went to school originally. He said it was a great university. :)
She and I both loved it when we attended fall Open House. It felt like a perfect fit for her, and since she'll be at the top of the academic pool, scholarships are a good possibility. I'd be very pleased for her to choose App.

At the same time, I've warned her over and over that we still have more Open Houses to attend (our calendar is quite full for the next two months) and I don't want her to settle on any one school 'til the money all shakes out as it will . . . but she brings up App 3-4 times a week in casual conversation: Discussions about what she wants to be sure to see when we go back to spring Open House, who else is going to apply there, how she's going to need a big parka.
With the advancement of technology and dissemination of information on the internet, textbooks become outdated so quickly that keeping textbooks in nearly all scenarios is a thing of the past.
Depends upon the topic. An Algebra book isn't going to change, nor is a literature book or any world languages book. And many of the basic-level classes (i.e., intro to Architecture, intro to Physics) will always be the same, even if the more advanced classes need to change books.
 
Things like that should be forbidden by the university. Did anyone ever complain to anyone above his head?

Only slightly related: I work with books -- not textbooks -- and when we have DAMAGED books, the company has us tear off the front covers and send them back. This lets them know that we aren't lying, that we're not getting a refund and then selling the books behind their backs. And it also means that no one has to pay to ship damaged books back to the factory. In this case, it's a win-win situation.

Yes...at the bookstore where I work part time we tear all the covers off the small paperbacks and just send those back for a return for credit. The free book we get weekly also has the cover torn off, but there is some deal with teh company and the publishers to do this for us to read and then word of mouth the books..I think they are paid something for them since we have to sign the covers.

And back to the original issue..I hope we don't start blaming colleges and loan companies for this girl getting into trouble. Lack of personal responsibility and always finding a way to blame others or expect others to take care of us is a big reason we are all in such trouble today. I don't care how wonderful you think your job propects are, a little bit of forethought and reality check would show you that that type of debt will be crippling no matter what.
 
I had a prof who made us buy the book he wrote & with your final project (from the book) you had to rip off the front cover & submit it with your project. No chance at reselling ;)

I had one who did something more subtle - he simply "revised" his book every year and instructed the bookstore not to resell the previous edition (which of course meant they wouldn't buy it back.)
 
There's another option on many campuses now called:

*BEAT THE BOOKSTORE*
They buy and sell all textbooks and BEAT the (campus) bookstore price.

My niece and nephew both have them on their campuses and have saved big bucks that way.

:thumbsup2
 
Just wanted to add regarding the textbooks, my dd rented a book from Chegg.com last semester. It was a lot cheaper than buying it new or even used. They sent it to her before classes started, along with a postage paid box to send it back by a certain date (after the semester ended). Worked out great! :)
 
I have so many comments, I don't even know where to begin. I just read all 20 pages and found lots of helpful info and some shocking opinions.

First, to the original article that started all this, I think the girl was immature and hard headed, and it's come back to bite her. Unfortunately, this is part of being a young adult. We all do it in some way. I joined the Navy on a whim, and had to get my dad to talk the recruiter out of it. :eek:

Second, thanks for all the info on the used books and cheaper book options. I am starting college again at the age of 40 :scared1: and was incredibly surprised at the inflation from 20 years ago.

Third, I found so many posts incredibly offensive about the SAHM thing. As one myself, I don't judge those women (and men) who choose to work, and am always surprised when I am judged for choosing not to. I made an informed decision to have only one child, slightly later in life, because that's what we could afford with one income. We are super smart about how we spend our money (except for those silly Disney trips) and are in great financial shape even with my husband's income being considered low (he's a letter carrier). My son will be starting middle school next year, and it's time for me to go to work. I have decided to go back to school and get a degree to become an RN. I have enough money to pay for my schooling, and am hoping that, because I'm not working, I can get it done quickly. I am one of those moms that volunteers for everything and drives my kid everywhere. I enjoy it. It's why I chose to stay home. I don't appreciate people trying to make me feel guilty for it.

We have money saved for my son's college, but I am only paying tuition and books for a state college. He's on his own after that. It's not that I can't pay the whole thing, but I think he needs to earn some of his education. If he ends up going out of state, I may help him with housing as well. I'm really hoping he goes to KU, because it would be a 30 minute drive for him and I could keep him here. ;) But, mostly, I want him to get a great education and be happy and successful in whatever he chooses. :lovestruc
 
Western Carolina University also has book rental included in tuition.
 
Western Carolina University also has book rental included in tuition.
I'm surprised I didn't know that.

Who else knows of a school that offers similar book rental programs? It's really a big plus for students.
 
Another one that includes book rental is Elizabeth City State, also in the UNC system.

One of the nice parts about book rental is that it's "required," and thus included on your tuition statement for tax deduction/credit purposes.

My son is in a field that requires a lot of supplies, and they were not included in book rental. You may find that to also be the case with nursing.
 
Thank you for posting that.

My point was that I did not go to my dream school, they did not accept financial aid (it was against their political beliefs) and I was not offered a "full ride" there. I settled on my second choice, and had about 80% covered. I also said it did not occur to me to apply for food stamps (and I was not directed to at my private, four year university). My grandmother and I were not on food stamps - however, we did take advantage of government surplus food days once or twice a month. I had a job since I was 14 and I lied about my age. I was taught to work hard and live within my means, values I still abide by to this day. It has served me well, I am at the top of my game, in demand, and can provide for my family.

It really rubbed me that a poster or two kept saying that there are full rides if you are that poor. That is a common misconception. Rarely is it completely free - the student is expected to work just to cover books and tuition and fees, let alone if the student decides to live off campus as I did my junior and senior years, and other living expenses. Unless you have been there, done that, please don't post it as fact. Your opinion may be that it seems like there is money free flowing if you are poor, but in my experience, it was not. Wiki was not around 15 years ago, let alone those programs at a FEW SELECT schools.

It is NOT that easy to break the cycle of poverty. I scored a 26 on the ACTs and had a 3.3 GPA, not exceptional, but not bad when you consider I was working and taking care of a dying grandmother in highschool in the inner city. I had a high school counselor that cared about me and a teacher that pushed me to find the right school. It was actually a teacher that went to check out colleges with me. Without them, and extended family that pitched in when they could, I would not be here.

All that being said, I still stand by my observation that she is spoiled. She blames the American Private Education System, that is certainly not to blame. Competition in higher education is a good thing - more choices, more options, and schools competing for talent - this is all good! Her lack of perspective and personal responsibility is to blame for her situation.



Not what I said in my post, that there is an endless flow of free money. And been there & done plenty of that so don't presume it lacks fact just because it doesn't mirror your experience. Speaking to this particular topic, what has been available will have changed over the years and will continue to do so over the years to come. It was not a criticism of you and how your situation played out.

:)
 
I just read all 20 pages. Lots of helpful information in between the "bites" of sarcasm! I have a son who will be graduating from H.S. this May. We are still waiting on getting his financial aid "offers" from some of the schools he has been accepted to. The state schools seem to have required more letters of verification. The private schools just seemed to work off the FAFSA. In regards to tuition and pricing, we told our son to look at every college and apply to where he wanted to go regardless of tuition. We were told (and it has been proven true with my son) that many times the smaller private schools are often cheaper than the state schools. They have more funding for grants or scholarships. A couple of schools (Drexel and Seton Hall) that are close to $50k on paper, after scholarships and grants are down to us paying $21k. It would cost more for us to go to the Univ of MD and that is our home state. So keep an open mind when applying or looking at colleges. Until you get that final offer, you don't really know how much tuition is! Oh and some of the other state schools he is looking at are cheaper for us to pay out of state tuition than College Park in MD.

I found the letter from the girl interesting. I don't think she is spoiled. But again, I don't think that parents who give their kids lots of love and attention and "things" (whether by working or being a SAHP) and paying for their kids schools are spoiling them. You are only spoiled (IMHO) if you are a piece of crap and expect everything handed to you and are not a good person. If that young woman whose parent paid $250 k for her to get a degree in Spanish is a wonderful, well rounded, kind human being who is a productive member of society, I don't think that is a waste. Or spoiling her. We need more "spoiled" people if that is the case. Again, that is just my opinion.

My child is expected to help with college. We have a set amount we will pay. The rest is up to him. And its a four year deal. Not 5 or 6 or 10. He KNOWS this, and has always known this. However, if he takes out loans, he knows its up to him to pay them back when he graduates. If he chooses to major in Engineering or English Lit, its up to him to work at McDonald's to pay that back if needed and he can't get the job that he wants. Now, while this has been explained to him in multiple ways throughout his life, and he says he understands it, and "knows" he will have to work and pay it back, I'm not 100% sure he "gets" what all of that entails. Honestly though, like this girl in the article, does any 18 year old really get it? I knew about rent and mortgages and bills, but until I started paying for them myself, I didn't REALLY understand all that it meant. And while I always "knew" I'd be a SAHM, that is not what I am:) Things change, people change, economies change and we have to adapt to survive. At least the young girl is working and paying her bills. She is not taking the easy way out. And her article did help me, because it did remind me to read the small print and check and double check everything before my son signs on the dotted line.
 
We began communication with DS and DD when they were high school freshman: get great grades, a high ACT, and scholarships of FREE MONEY (not loans) and you can go anywhere you want; get average grades, average ACT--you'll go to the state schools; after that, you'll go to the local community college to get your Associate, then transfer on to get your BA. I see too many parents letting the teen make the decisions that should be coming from the adults. And now many of DS and DDs friends are coming out of college horribly in debt with no concept of how to manage it while looking for employment.:sad2:The truth is, even their choice of majors should have given them a direction 4 years ago: there are careers where the starting salary is low, so better to afford a public university debt; Careers with high-dollar starting salaries can make private college debt more managable. DD has a friend who will come out of a 4-year private college and teach elementary school--she's now seeing how long it's going to take her to even make a dent in that type of debt. Where were mom and Dad....basically saying yes yes to whatever she said along the way. :confused3
I'm sure many of us would like to set up booths at our local high school orientation night to help prepare potential college-bound families using all the information we've learned. DS got a substantial scholarship to attend a private college/graduated with no debt and he's now in grad school which will be on his own dime. DD will get her first degree on a full tuition/fees free-ride for 4 years because of her grades and ACT; she'll then do grad school using the monies she saved so will get her secondary degree debt free. We're a normal family, both DH and I work, and we weren't born with silver spoons in our mouth:rotfl2:however, we DO manage money well and communicate ALOT to our kids about being financial responsibility. After all, that's how they learn:hug:
 




New Posts









Receive up to $1,000 in Onboard Credit and a Gift Basket!
That’s right — when you book your Disney Cruise with Dreams Unlimited Travel, you’ll receive incredible shipboard credits to spend during your vacation!
CLICK HERE













DIS Facebook DIS youtube DIS Instagram DIS Pinterest DIS Tiktok DIS Twitter DIS Bluesky

Back
Top