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Post by Pinnum on Jan 4, 2017 17:14:54 GMT -5
Correct. But that doesn't change the statistic. HEOP graduates, meaning students who received a nearly full scholarship from New York State to attend institutions within the state, paid that money back 3 times over in the course of their working careers on average. Inflation-adjust these $$$ and you're probably breakeven at best! For example: In today's $: $40,000 x 4 = $160,000 investment. What is NYS middle-income tax rate (assume 6%)? Average career annual salary of $80,000 x 6% x 30 or 40 years = $150000 to $200,000 (then dilute that by future inflation). Furthermore, most HEOP students going into low-paying social services/education; not Wall St or high technology. According to CUNY's 2015 data on public college graduates in NYC... "Baruch’s former students had the highest average earnings at $54,000, followed by Queens College’s at $48,000, Hunter’s ($44,800) and Brooklyn and City College (both $44,500)."
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Post by Deleted on Jan 4, 2017 20:19:33 GMT -5
I think you guys are underestimating this threat. It looks likely to pass. Think what you will of the governor, but he is a smart politician. Many of you have one idea about SUNY. It has 64 campuses throughout the state and Bonaventure does compete with these schools for students. I obviously see the value of a Bonaventure education, but there are many different options to choose from with SUNY.
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Post by 2fal4life on Jan 4, 2017 20:27:33 GMT -5
Important to note "free tuition" does not mean totally free college. Room/board and other incidentals do not appear to be included.
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Post by Bonas08 on Jan 4, 2017 21:27:35 GMT -5
I don't want to waste my time looking this up, as some of you may already know the answer. Under the proposed plan, do you need to maintain a certain GPA to still qualify from semester to semester? If you fail out, do you end up owing the money?
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Post by dadster81 on Jan 5, 2017 7:38:22 GMT -5
A good article from NPR on the subject: "In reality there's no free college, just as there's no free lunch. The real policy discussion is about how to best distribute the burden of paying for it — between individual families and the public at large — and, secondly, how to hold down the cost of providing it. All while leveraging the power of "free" responsibly." www.npr.org/sections/ed/2017/01/05/508207514/is-free-college-really-free
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Post by Bonafan71 on Jan 5, 2017 11:03:46 GMT -5
Bonaventure is already incredibly generous to students from low income families. I came from a very low income single parent home and my final decision came down to Ball State University (I'm from Indiana) and SBU. SBU went out of their way to accommodate me and essentially matched what it would have cost for me to go in-state at BSU. That being said, I still graduated with a LOT of debt but have been gainfully employed and erased that debt in relatively short order. With the benefit of hindsight, I wouldn't change anything, but I think at the time if BSU were free vs SBU's very generous financial package, I would have chosen free.
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Post by ceharv on Jan 5, 2017 18:26:28 GMT -5
Interesting debate, but really not relevant until it passes the Legislature, which is a big IF. If I was a NY state resident I'd be worried about the next progressive program the Gov. will promote if and when this proposal gets canned. How about opening state-run brothels? Crazy you say? Think back to when we were kids. The state did everything it could to stop liquor sales, gambling, drug sales, and prostitution. Now it is getting to the point that governments, having learned that decriminalizing these things, regulating them and taxing them allows them more give-aways without increasing taxes. What's left? State-run brothels - it's only a matter of time.
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Post by mcspin on Jan 5, 2017 20:24:07 GMT -5
We're already paying for a good portion of a SUNY student's education. Just what I want, to pay for the whole dang thing after paying for my own children's with no help from the state. I'm hoping this doesn't see the light of day.
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Post by 123Rob on Jan 5, 2017 21:25:25 GMT -5
We're already paying for a good portion of a SUNY student's education. Just what I want, to pay for the whole dang thing after paying for my own children's with no help from the state. I'm hoping this doesn't see the light of day. --write you assemblyman and state senator --vote early, vote often --move south
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Post by firstdev on Jan 6, 2017 9:52:56 GMT -5
We're already paying for a good portion of a SUNY student's education. Just what I want, to pay for the whole dang thing after paying for my own children's with no help from the state. I'm hoping this doesn't see the light of day. --write you assemblyman and state senator --vote early, vote often --move south Excellent advice - It is really important that folks contact their NYS state senator and assembly member to oppose this free tuition giveaway program, a program which could have a negative impact on SBU and other Catholic colleges in NYS. This is just more politically correct policy, a policy without financial basis, a policy which could indeed endanger the fiscal stability of the state. As someone who underwrote expenses for two children who attended Catholic colleges, and will soon assist with a grandchild following the same route, I know of the financial challenges in selecting a private Catholic education. While these challenges are imposing, the rewards can be great, and well worth the effort. Unfortunately the tenure of this governor has been marked by cheap political stunts, this free tuition initiative is only the latest. And folks wonder why citizens of the republic move south....................................
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Post by towniegrad on Jan 7, 2017 14:21:11 GMT -5
I like the idea of free tuition at public schools Education should not be only for the affluent Many students in both private and public schools already receive pell grants and tap grants. private schools also receive public monies in a variety of ways Students who graduate will pay more taxes and contribute more to society. Also lower income students and their parents als pay taxes now .making education accessible is a societal good probably St. Francis would favor it
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Post by 123Rob on Jan 7, 2017 15:03:16 GMT -5
There are already plenty of grants and programs for those with lower incomes. NYS has excellent community colleges at low cost. Whatever happened to going to school part-time while working or work/study programs. "Free" tuition (like most gov't programs) would spawn too many unintended consequences. Top of mind is the damage to private schools like SBU. The ripple effect of which would be disastrous for the already crappy NYS economy. "Free" tuition will send a good number of students to college that are not ready or should follow a different path. Retention rates and graduation rates will suffer which may eventually strain accreditations. The most deserving of students may be crowded out of available merit miney, classroom space, majors, extracurriculars, etc. This is a typical politically motivated power play. Tough to take a stand like I have and not be label a 'fill in the blank.' But I truly believe this new "free" is unnecessary and damaging. If Andy is so worried about (and he should be) about student debt how about getting a powwow of public and private colleges together to address the broken pricing model. How about directing tax dollars to fixing the abysmal education in cities like Rochester-whose students are woefully unprepared for life much less a free college education. How about some of those tax dollars going toward establishing vocational training, machining etc etc that could turn into high paying steady careers. There are way too many real problems for politicians to stand like Carmen Miranda with low hanging fruit from their hats.
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Post by bonas211 on Jan 7, 2017 16:50:41 GMT -5
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Post by Eileen OSullivan on Jan 7, 2017 19:31:01 GMT -5
Sorry- I'm in an airport headed back to Long Island- forgive me I did not read the whole post, the SUNY system has had this in place for a while. You can attend a community college and then graduate with honors you can proceed to a 4 year school. You would still need to pay room and board. Bonaventure is by far a better school and a much better value if you are a good student.
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Post by towniegrad on Jan 7, 2017 20:14:20 GMT -5
No.
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