Out of state tuition waivers were very common when I was in school for surrounding states. Has this changed? If not we are not doing as well with OOS students as one might believe
the state of iowa has zero reciprocity with neighboring states
Out of state tuition waivers were very common when I was in school for surrounding states. Has this changed? If not we are not doing as well with OOS students as one might believe
I'm absolutely convinced there are a large percentage of people that wind up worse off financially having gone to college.
This is a real concern, there's so many good video games out now!The cash cow student is my out of state nephew. He will be going into next fall for his sixth year on a four year degree. It isn't difficulty getting into classes, it is having to drop and retake them because it is just hard to find time to study in between video games.
the state of iowa has zero reciprocity with neighboring states
Of the three regent universities, Iowa State has to cut the most, where Iowa, while just a slightly smaller number, is a smaller percent of their overall budget.
let's not go overboard here. quantify "large percentage". Because, by and large, getting a degree is a huge stepping-stone for the vast majority of people to having a more fruitful financial life. Even after accounting for student loans, the average wages of grads vs non-grads over a lifetime is staggering. The intangible of being able to apply for more jobs is just another benefit. Sure, some kids probably shouldn't have gone to college - but overall a degree is still the one thing that, on average, guarantees a better career.
I think that international students are not technically "the same" as out-of-state, so they play by different rules. According to the tuition site, international undergrad tuition costs about $4,000 more per year than out-of-state.Out of state tuition waivers were very common when I was in school for surrounding states. Has this changed? If not we are not doing as well with OOS students as one might believe
I am from MN and did not get any of these scholarships. My five years was about 125k total w room/board. I will not to donate to Iowa State because I lived here 12 months/year during school (so 60 straight months as a "non-resident"), paid income taxes here, got a driver's license here, voted here, worked here, yet somehow wasn't a resident? I bought a house here like 6 months after I graduated and built my family in this state but you're telling me I wasn't a resident. Somehow the minute I got my diploma from ISU I suddenly became a resident? Please.
I would stop short of saying majority, but I think there are a large number. I know people personally with tens-of-thousands in student loan debt working jobs where they probably didn't even need a degree. They wont make enough money in a lifetime to justify the cost of their degree. I think the growing number of people going to graduate school exacerbates that figure. I know people I went to graduate school with making less than 50K a year, and that's with substantial student loan debt.
I would stop short of saying majority, but I think there are a large number. I know people personally with tens-of-thousands in student loan debt working jobs where they probably didn't even need a degree. They wont make enough money in a lifetime to justify the cost of their degree. I think the growing number of people going to graduate school exacerbates that figure. I know people I went to graduate school with making less than 50K a year, and that's with substantial student loan debt.
They have pretty much ruined the state budget. Don't want to cave this, but cripes.
The cuts to higher education seem to be a disproportionately high compared to the rest of the state budget. http://www.iowafiscal.org/2012research/120308-IFP-regents.html
Does the state not understand the value the state universities have to the state in terms of both education and the economy? Lots of research and technology transfers to the private market happening at ISU and UI. New business startups in the Research Park enterprises. They are also one of the few things that brings out-of-staters and internationals into the state where they spend money and potentially put down roots.
The BLS found that weekly median annual earnings were $652 for a high school grad and $1,066 for a college grad with a bachelor’s degree. Take that times 52 weeks and the annual earnings for a high school grad was $33,904 and $55,432 for a college graduate. Over a lifetime of work that's nearly a million dollar difference. That's the average. Of course there are people making less and more than the average, but no other investment will yield such great returns, on average.
Let's take my 125k of 5 year tuition and room/board (because I was in no rush to graduate). Let's say from day one after HS I made the non-grad average of $33,900. So $33,900 x 5 = $169,500 + $125,000 I spent on tuition and I'm $294k in the hole before my first day of work. Let's also say I make the grad average on day one with no raises and no inflation. $55,400 x 40 years = 2.2million. $33,900 x 40 years (remember we already counted those first five years working) = 1.35 million. 1.35 million + 294 in sunk costs = 1.64 million. So, even with my most basic math, using averages, I'm already over half million more income over a lifetime - and we haven't included things like jobs with better benefits, the ability to relocated easier, etc. It's still a slam-dunk on average.
That's not even getting into the fact that the average starting salary in the DM area for college graduates is less than $30k. (source - friend that works in staffing)
At the risk of caving this, the people in power in the statehouse would rather give individual companies tens of millions of tax breaks than fund higher ed.