The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
I do not consider $20,000 to be an onerous debt load, and that figure probably corresponds well to the indebtedness of Swedish students after the completion of their studies.
That it does. Though with todays weak dollar it might be a bit low.
And just to clarify, the education is free, but living is not. Swedish student loans are for living. They are on pretty generous terms, you do not have to pay anything back as long as you study and after that you can lower your annual payment to 5% of your income (7% after the age of 50), so they are a bit like an extra tax. Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
This is why I wrote about Pell Grants of $5,500 covering more than actual tuition at American state schools. Then the student loan and work study cover living expenses and student incidentals.
Net result is that you receive an education valued at $80,000. You don't pay anything for it. The Pell Grant takes care of $20,000 of that education (assuming graduation in 4 years), and the taxpayers pick up the remaining $60,000. Then, you also earned $40,000 (4 years of part-time and summer work) and took out a loan of $20,000 ($5,000 a year) for a total of $60,000 on which to live. $15,000 a year for food, housing, books, etc.
People always mention that you would be working full-time and earning more if you didn't go to school, but what isn't mentioned is that in the USA, jobs that do not require college degrees pay on average $15,000 less a year ($49,000 for college grads and $34,000 for non-college grads).
by Frank Schnittger - Mar 22 2 comments
by Oui - Mar 16 16 comments
by Oui - Mar 15 5 comments
by Frank Schnittger - Mar 9 3 comments
by Frank Schnittger - Mar 14 14 comments
by Frank Schnittger - Mar 2 3 comments
by Oui - Mar 271 comment
by Oui - Mar 2710 comments
by Oui - Mar 22
by Oui - Mar 2211 comments
by Frank Schnittger - Mar 222 comments
by Oui - Mar 1944 comments
by Oui - Mar 1739 comments
by gmoke - Mar 17
by Oui - Mar 1616 comments
by Oui - Mar 1537 comments
by Oui - Mar 155 comments
by Frank Schnittger - Mar 1414 comments
by Oui - Mar 134 comments
by Oui - Mar 128 comments
by Oui - Mar 1112 comments
by Oui - Mar 1058 comments
by Oui - Mar 1015 comments
by Frank Schnittger - Mar 93 comments
by Oui - Mar 99 comments