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Off-Topic UM tuition being dragged on twitter

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SSCane said:
That tuition cost is insane.
Glad I went to UM couple of decades ago.
No way would this be affordable for my family today.
Have a daughter going to college next week and would have loved to send her to UM, but the cost has gotten so crazy.
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My tuition, room and board all came to less than $3000 a year at UM. Mid-60s. As a point of comparison, my first year's annual salary after graduating was $6,451.
 
AUcane said:
The student loan subsidies combined with the greedy universities is to blame. The university arms race imo, started really getting heated up in the late 90s. Fast forward 30 years later and you have universities full of bloat that have essentially become REITs. Have to keep raising tuition to keep up with the Joneses. I dont know how you unwind all that, though.
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"The Federal Direct Student Loan Program provides low-interest loans to students and parents to help cover the costs of post-secondary education. It is the largest source of federal financial aid in the United States and was established to replace earlier loan programs that involved private lenders."
 
SpikeUM said:
"The Federal Direct Student Loan Program provides low-interest loans to students and parents to help cover the costs of post-secondary education. It is the largest source of federal financial aid in the United States and was established to replace earlier loan programs that involved private lenders."
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that's great but you didn't address the issue.


JD08 said:
Is it a coincidence that tuition skyrocketed once the government took over student loans?
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Not really. Tuition started increasing sharply beginning in the late 90s. Federal loan programs had been around for decades prior.

I'm not discounting the impact of loan subsidies on high tuition, but it's certainly not THE reason. Increased demand - i.e. a bigger pool to pull from - is a major driver for high tuition. competition for college slots these days is insane. Much moreso than 20-30-40+ years ago.
 
AUcane said:
that's great but you didn't address the issue.




Not really. Tuition started increasing sharply beginning in the late 90s. Federal loan programs had been around for decades prior.

I'm not discounting the impact of loan subsidies on high tuition, but it's certainly not THE reason. Increased demand - i.e. a bigger pool to pull from - is a major driver for high tuition. competition for college slots these days is insane. Much moreso than 20-30-40+ years ago.
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If the Federal government is giving out cheap loans for bull**** careers, how is that not addressing the issue.
 
SpikeUM said:
If the Federal government is giving out cheap loans for bull**** careers, how is that not addressing the issue.
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On average, Private loans and federal loans are about the same interest rate in 2025. Feds have the advantage on the repayment, however.

Again, you're just pulling on a thread of the issue.
 
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Clinton allowed direct federal lending in 1983.
Obama ended federal guaranteed loans in 2010 and the government became the sole lender of low interest student loans.
 
SpikeUM said:
So what you are saying is that you were overpaid? :6fps6:
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That was the entry level GS-07 salary in 1966 for the Fed Gov't. Hadn't changed in more than a decade. You needed roommates to live on that in the DC area.

Jordan Marsh (or was it Burdines?) in Miami offered me more to train as a merchandise buyer. Teachers and Fed workers were the bottom of the barrel - pay-wise - back then.

That changed drastically for the better for Civil Servants during Reagan's terms. Teachers pay also took off at some point. Don't know the why's and timing on that.
 
AUcane said:
On average, Private loans and federal loans are about the same interest rate in 2025. Feds have the advantage on the repayment, however.

Again, you're just pulling on a thread of the issue.
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Lets agree to disagree, because to me its obvious, and to you its not.
 



Private Credit Primed to Profit From New Federal Student Loan Limits

WSJ Pro Private Equity | 08/14/2025 | By Isaac Taylor

President Trump has imposed new restrictions on student loans, and private-credit firms plan to capitalize on the lending gap those limitations create. "The void in federal student lending creates an opportunity for private student lenders to step in," said Akhil Bansal, the head of asset-backed finance for Carlyle's credit arm. Last year, Carlyle joined with KKR & Co. to purchase a private student-loan portfolio of at least $10 billion from Discover Financial Services. Half of the loans were issued at floating rates and half were fixed-rate loans. Carlyle also acquired a $415 million student-loan portfolio from Truist Bank, and made a strategic investment into Monogram, a provider of financing for students and their families.
 
SpikeUM said:
A big part of the blame is the student loan program, a good idea that was disastrously implemented; tuitions were raised dramatically as a result.

What is also not being discussed is that scholarship money covers many attendees.
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Miami and Baylor are two schools that stand out the most in tuition increases vastly outpacing inflation over the last three decades.

Miami is now significantly more expensive than an Ivey League school.
 
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305_separatist said:


It is honestly embarrassing that the school has no visible community impact in tech for example, except the bare minimum, even as the city had a tech moment it failed to capitalize on.
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As a tech founder and alum, I have been trying to get UM to connect with the local ecosystem and create a pipeline for ideas and graduates to move into industry. They cant get out of their own way. Slow and stupid. Its a really tough slog.
 
gabednconfused said:
As a tech founder and alum, I have been trying to get UM to connect with the local ecosystem and create a pipeline for ideas and graduates to move into industry. They cant get out of their own way. Slow and stupid. Its a really tough slog.
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Not an alum but happy to connect and try to help where I can.
 
gabednconfused said:
As a tech founder and alum, I have been trying to get UM to connect with the local ecosystem and create a pipeline for ideas and graduates to move into industry. They cant get out of their own way. Slow and stupid. Its a really tough slog.
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I actually just got put on co-lead overseeing revamping a capstone integrated project course for our MBAs - Super short story is students getting put in small teams and each team is paired with an external entity that has a consulting need. Teams will work with the entity across final 3 semesters of program. This is just a pilot effort for what is likely to become a shift towards experiential learning across all grad programs and then undergrad. I also just sent you a DM - hoping you are willing to share more specifics about what has frustrated you. Appreciate the feedback and engagement with our alums.
 
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