TCU #2 in students with highest debt in Texas
- Thread starter LeagueCityFrog
- Start date
Actually, they don't. Unless you are speaking of grad school including medical and law. Rice and MIT, for example have about the lowest debt ratio of any university, state or private. This isn't hard information to find.
Where are you getting your information? Really. Mercedes for $33? A new Honda Civic is between 25 and 30. When are you going to answer how you paid your debt? Did your parents pay it for you? It's OK if they did, but at least try to walk in someone else's shoes.
TCUdirtbag
Active Member
This blanket argument isn’t true. TCU is a much more competitive / selective school than it was in the 1980s. The blanket assessment ignores financial aid opportunities for low/middle income families. Is TCU more accessible to the wealthy? Absolutely. Is it *only* accessible to them? No. The value of the degree is up. We have work to do to get more scholarships for deserving students, but opportunities DO exist.
TCUdirtbag
Active Member
Lol. You’ve been wrong so many times you’re now left trying to tell me something I already told you 10 rounds ago. How sad for you.
Many posts back I literally told you the value of that scholarship had lost some ground percentage wise but was still in the 43-49% range because I literally did the math in my head. Congrats on being 10 steps behind, Magellan.
Last edited:
TCUdirtbag
Active Member
Again, your blanket arguments continue to be wrong. You said no one graduates from Ivy’s or (weirdly) St. Ed’s) with $50k debt. That was obviously wrong - even if constrained to undergrads. Now you’re trying to argue debt ratios. Completely different things.
It’s fascinating to watch you and ticketfrog miss out on making some decent points on the cost of higher education because you’re so confident in your right-ness that you mix up your own arguments and compare apples to waffles and whiff on your arguments.
ticketfrog123
Active Member
I paid off my own debt. Was around $60k. My rent was $700/month for 5 years. My car payment was $200/month on a used Corolla. My car gasoline was $40/month.
Again - you’re claiming a new grad “needs” a new car. False.
Poor people overpaying on vehicles is the #1 trap that keeps them poor.
There are differences, for sure. I probably wouldn't make it into TCU today based on my high school record. BUT I can read and I can see. TCU is much more affluent now regarding its student body. As for the value of the degree, it's always been good. I've done quite well for myself and the TCU transcript definitely helped. Where the opportunities do exist, it's not as much as in the past. It's not that it isn't possible. It's that it's not a real goal of the university at this time.
ticketfrog123
Active Member
I agree with you here - the debt ratios published by those schools are for need-only students
Plenty of middle class kids pay up, but they obviously have public statements about “if your family makes less than $100k it’s free blah blah”
ticketfrog123
Active Member
Here’s your Mercedes for $33k
A Corolla starts at $22k.
2022 A 220 Sedan
Explore the A 220 Sedan, including specifications, key features, packages and more. Then browse inventory or schedule a test drive.
Never claimed that a new car was a necessity. Your gas price a month is extraordinarily low even for the 1970s. My only claim was that 50 K is a hefty debt. It is one of the highest debt rates in the country (not my opinion) and it keeps great students from attending TCU.
No. It isn't that simple. Those are the average debt rates for students leaving with debt.
ticketfrog123
Active Member
The sample size of middle class kids at those schools you quoted is very small - so a majority of rich kids graduate without “debt” bc they’re mega wealthy
It’s high net worth families where $250k is nothing and Pell grant recipients - not much in between
And that brings us back to the original issue. TCU attracts many qualified students who can get admitted but can't go because the cost is prohibitive. One example. I was a HS principal with a student from an extremely impoverished background. Single parent home. Lots of rice and beans. He worked as a student to help with household finances. Aced ACT math. Missed 2 on SAT math. Passed a few AP tests with 5s including calculus. Definitely got into TCU and received what TCU called generous. He was estimated to leave with "only" $30,000 debt. He was also accepted to MIT, full ride. This full ride also included flights to and from home and spending money so that he could function as a typical MIT student. MIT's philosophy of education led them to see this student as the "exact" type of student they wanted to reach. The student is helped and so is society at large. It breaks a cycle of poverty through hard work. He left with no debt and is now a software programmer for Google. He has a younger sister and brother who saw his example. The sister is now a sophomore at Princeton and his brother is a HS senior being courted by Columbia. TCU would be enhanced with this caliber of student that would offer diversity to the campus and make it more of a well-rounded experience.
ticketfrog123
Active Member
Maybe I’m working backwards but no way should that kid ever have given serious consideration to TCU with acceptances from the other schools
Once the admissions is a yes from Ivy League - TCU is crossed off - those are different academic environment and caliber of institutions
Don't divert from the point. I love TCU. The student liked and respected me a lot. So he applied. You know, you apply to shoe-in schools. Not uncommon, bud.
"Weirdly, St. Eds." Why is that "weirdly" oh wise one who is the only person with a brain on this thread according to you?
NewFrogFan
Full Member
Stafford student loans are backed by what?
Those are not the only loans. There used to be better regulation on student loans until the early 2000s when private loans increased exponentially. Deregulation allowed it to get out of hand. The Obama administration claimed to try and correct it but actually made it worse. Trump only worsened what was started by Obama. So, yes, government bears much of the current responsibility. But if we look at the 1950s to 2000, the government loan process allowed access to higher education for more people without outrageous debt.
Virginia Frog
Active Member
It this fellow choose TCU over MIT/Ivy/Stanford etc. it would be proof that he'd been dropped on his head as a child (or similar.)
Now there is one exception: He's a "hound" for the ladies. TCU has fine talent, the Ivy League-etc are full of Stone Faces, Eggheads and middle class-to-upper class aspirants who don't know to "put it on pause" and have a good time. (Don't stereotype, VF!) (all in jest)
