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In response to "Making college decisions a family decision -- (link)" by ty97

ETA on the higher education bubble bursting?

Posted by Strongbad (aka Rambler14) Apr 4 '12, 09:20

10 years?
Less?

Responses:

I heard on the news that Harvard is only accepting 5% of its applicants for next year. -- nm - CrankYanker Apr 4, 09:36 15
- is that different from any other year? - pixitude Apr 4, 09:37 13
  - yeah, I guess the more applicable number would be the *number* of applicants....whether or not they have decreased. -- nm - CrankYanker Apr 4, 09:40 11
    - everyone wants to get into Harvard. i wouldn't expect their applications to decline much from year-to-year -- nm - pixitude Apr 4, 09:41
    - if the percentage accepted is the same, then the # of applicants is also the same. -- nm - loosilu Apr 4, 09:41 9
      - Math is hard. -- nm - CrankYanker Apr 4, 09:43 8
        
        not a harvard grad? - loosilu Apr 4, 09:44 7
        
        I was thinking 5% of 100 is different than 5% of 1000 so your statement doesn't add up? -- nm - CrankYanker Apr 4, 09:45 6
        
        the number of places in the freshman class doesn't change. -- nm - loosilu Apr 4, 09:46 5
        
        You said if the percentage accepted is the same, then the number of applicants is the same. - CrankYanker Apr 4, 09:50 4
        
        She is correct, though, that if Harvard accepted 5% last year and 5% this year, the 100% number is unchanged - TWuG Apr 4, 09:53 1
        
        the number of slots could change year to year, but probably not much. -- nm - loosilu Apr 4, 09:54
        
        laughing. OK. Let's say they have 10 slots open. 100 apply, 10% are accepted. 1000 apply, 1% are accepted. -- nm - loosilu Apr 4, 09:52 1
        
        this ;l-) -- nm - CrankYanker Apr 4, 09:58
  - doubt it. -- nm - loosilu Apr 4, 09:38
- I doubt that is much different from any other year. -- nm - Don Homer Apr 4, 09:37
Crap. Did we bundle student loan debt into obscure securities, too? -- nm - con_carne Apr 4, 09:33 10
- don't they already do that? -- nm - znufrii Apr 4, 09:38
- no, just made them non-dischargeable in bankruptcy -- nm - pixitude Apr 4, 09:34 8
  - that has been that way for years. -- nm - loosilu Apr 4, 09:38 7
    - sure but most students' debt loads were at least managable for years -- nm - pixitude Apr 4, 09:40 6
      - I know. Mine was only 16K and I thought that was bad. -- nm - loosilu Apr 4, 09:42 5
        
        Was yours a public institution? As has already been suggested, public vs. private makes a huge difference in how much debt students take on... -- nm - con_carne Apr 4, 09:47 4
        
        private. -- nm - loosilu Apr 4, 09:49 3
        
        (most of my aid was grants from the school) -- nm - loosilu Apr 4, 09:49 2
        
        I bet your friend Greg Graffin helped you out! ;-) -- nm - con_carne Apr 4, 09:55 1
        
        ha! I was on my own fellowship at that point (like most PhD students). -- nm - loosilu Apr 4, 09:56
applications for fall 2012 are already down 15% at law schools -- (link) - pixitude Apr 4, 09:31
not as long as we place an inordinate amount of cultural value on the outcome regardless of its financial consequences. -- nm - znufrii Apr 4, 09:25 1
- depends what you mean by "inordinate". -- nm - loosilu Apr 4, 09:26
Dunno, but I'd like a controlled burst that takes out the for-profits first and foremost. -- nm - ty97 Apr 4, 09:23

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ETA on the higher education bubble bursting?

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