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0 pointsVampireWillow4y ago0 comments

Here in Canada the government simply dictates to universities how much they can charge. It seems beyond insane to me to do it any other way, seeing as our entire societies are dependent on getting enough people educated to perpetuate a service economy.

To be fair, this kind of means that universities should be completely public. And although they are for all intents and purposes, in theory they are still non-governmental entities. And that's strange as well.

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mywittyname4y ago

The department of education in the USA kind of does that too. The amount of government-backed loans a student can receive for undergrad is capped at ~$35,000 (it's unlimited for graduate school). It's also graduated, so a freshman can only receive ~$4,000 their first year, and it goes up from there. Grants are given to freshman to cover the shortfall. Also, students/parents are expected to contribute, based on household income.

Most public state schools keep their pricing in line with these caps ($35k in loans + ~$5k in grants). I just picked on Iowa because, and here's a list I found:

https://www.universityreview.org/iowa-colleges/

You'll notice that in-state tuition for all public state schools is around $8k a year. Here's the same for Tennessee:

https://www.universityreview.org/tennessee-colleges/

Sohcahtoa824y ago

> The amount of government-backed loans a student can receive for undergrad is capped at ~$35,000 (it's unlimited for graduate school). It's also graduated, so a freshman can only receive ~$4,000 their first year, and it goes up from there.

I believe this only applies to the subsidized federal student loans that don't collect interest while you're in school. The limit on unsubsidized federal loans that start collecting interest right away is much higher.

When I started college in 2009, I got $9,000 in federal student loans for my freshman year.

mywittyname4y ago

https://studentaid.gov/understand-aid/types/loans/subsidized...

Perhaps you were classified as a independent student?

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chasd004y ago

with federally backed student loans the US government has told universities here they can charge as much as they want.

j / k navigate · click thread line to collapse

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mywittyname4y ago

Most public state schools keep their pricing in line with these caps ($35k in loans + ~$5k in grants). I just picked on Iowa because, and here's a list I found:

https://www.universityreview.org/iowa-colleges/

You'll notice that in-state tuition for all public state schools is around $8k a year. Here's the same for Tennessee:

https://www.universityreview.org/tennessee-colleges/

Sohcahtoa824y ago

When I started college in 2009, I got $9,000 in federal student loans for my freshman year.

mywittyname4y ago

https://studentaid.gov/understand-aid/types/loans/subsidized...

Perhaps you were classified as a independent student?

1 more reply

chasd004y ago

with federally backed student loans the US government has told universities here they can charge as much as they want.

j / k navigate · click thread line to collapse