Here's is the University's ''coach speak'' on the use of fundsMy first thought is that the extra fees might be used, in part, to pay the salaries of certain fellow "students" recruited for sportsball. Will athletes be required to pay the new fee as well?
"Program operating costs" such as LaNorris Sellers.Here's is the University's ''coach speak'' on the use of funds
''The new fee is estimated to create over $11 million in new revenue and comes in the wake of the recent House settlement, although USC says the new revenue won't be put toward settlement payouts, nor will it be used to pay for new scholarships or renovations to Williams-Brice Stadium.
Students will pay an additional $300 in fees to help support quarterback LaNorris Sellers and the South Carolina Gamecocks football team as well as the rest of the university's athletic program.
Instead, the new stream of money will help "continue student access to athletics events/ticket lottery, address increased event/program operating costs, and enhance the student experience across multiple USC sporting venues," the university statement read. "Enhancements will include student centered in-game activity and promotions, facility upgrades and additional support for health/safety staffing at athletics events.”
"enhance the student experience across multiple USC sporting venues."
Not too bad considering our $40 “student activity fee” from 50 yrs ago
Tell me about it. I'd love to be responsible for my own groundskeeping.Having an opt-out defeats the purpose of the fee, which is raising as much money as possible.
Following in the footsteps of HOA's - no opt-out if even if you don't use the amenities.![]()
How would one enhance the student experience at, say, a beach volleyball tournament?
Maybe they will start offering a shuttle service for students to and from the equestrian competitions out in Blythewood.How would one enhance the student experience at, say, a beach volleyball tournament?
I can think of several things but don't want to be banned.How would one enhance the student experience at, say, a beach volleyball tournament?
At least the HOA has the ostensible benefit of maintaining property values in the neighborhood. This practice feels more like ESPN's traditional business model with the cable companies - force everyone who wants cable, even those who couldn't care less about sports, to pay for an ESPN subscription.Having an opt-out defeats the purpose of the fee, which is raising as much money as possible.
Following in the footsteps of HOA's - no opt-out if even if you don't use the amenities.![]()
How would one enhance the student experience at, say, a beach volleyball tournament?
At least the HOA has the ostensible benefit of maintaining property values in the neighborhood. This practice feels more like ESPN's traditional business model with the cable companies - force everyone who wants cable, even those who couldn't care less about sports, to pay for an ESPN subscription.
It's one thing to embed a $100ish fee into every student's bill, but $500 per year is real money, especially considering the average college student in America graduates with over $30K of debt. It's good to see Carolina is doing its part to make sure that number grows.![]()
For $500 a year, a student could buy a ticket to almost all of the football games on Stubhub.At least the HOA has the ostensible benefit of maintaining property values in the neighborhood. This practice feels more like ESPN's traditional business model with the cable companies - force everyone who wants cable, even those who couldn't care less about sports, to pay for an ESPN subscription.
It's one thing to embed a $100ish fee into every student's bill, but $500 per year is real money, especially considering the average college student in America graduates with over $30K of debt. It's good to see Carolina is doing its part to make sure that number grows.![]()
At 0% interest paying $500 a month, it would take 5 years to pay off $30,000. That puts a pretty big dent in a college grads budget.$30k? That's all? I was thinking they were averaging 6-figures once they got out.
$30k hardly buys a decent car nowadays... or a few dozen eggs. Doesn't seem like too onerous of a debt when one can get a job super-sizing orders at some places and make $20/hr.
I was a little surprised it was that low as well, but that's what Google told me was the average for American students. I'm sure that number includes all of the grads who graduated with zero debt because they went to community college, lived at home, worked their way through school, etc. so that would mitigate against some of the student loan horror stories we hear about when computing averages.$30k? That's all? I was thinking they were averaging 6-figures once they got out.
There aren't very many degree programs that make a good return on a $120K investment. All I can say for those deciding on a major is "choose wisely."I was a little surprised it was that low as well, but that's what Google told me was the average for American students. I'm sure that number includes all of the grads who graduated with zero debt because they went to community college, lived at home, worked their way through school, etc. so that would mitigate against some of the student loan horror stories we hear about when computing averages.
Regardless of the debt, the cost of attendance at USC is about $30K per year for a SC resident living on campus. One way or the other, they'll have to come up with about $120K for that degree. And now they'll pay a little bit more. Unless, of course, they are one of the athletes who will make millions while in school.
At 0% interest paying $500 a month, it would take 5 years to pay off $30,000. That puts a pretty big dent in a college grads budget.
I guess it's easy to be dismissive of other people's debt.
That's what I've been hearing - folks are dropping $30k-$40k a year and just financing it as they go. Talk about starting off behind the 8 ball - that's a time-bomb for your financial future.I was a little surprised it was that low as well, but that's what Google told me was the average for American students. I'm sure that number includes all of the grads who graduated with zero debt because they went to community college, lived at home, worked their way through school, etc. so that would mitigate against some of the student loan horror stories we hear about when computing averages.
Regardless of the debt, the cost of attendance at USC is about $30K per year for a SC resident living on campus. One way or the other, they'll have to come up with about $120K for that degree. And now they'll pay a little bit more. Unless, of course, they are one of the athletes who will make millions while in school.
There aren't very many degree programs that make a good return on a $120K investment. All I can say for those deciding on a major is "choose wisely."
MD, yes, student debt is a pretty good risk to take. Their income will quickly absorb any debt they have from school. Esquire, I'm not so sure. For every lawyer knocking down the big bucks, there are hundreds struggling to make ends meet working in DAs offices or as staff attorneys for big companies.I wasn't being "dismissive", simply stating the amount was much less than I'd been led to believe and that it didn't seem excessive relative to the price of other necessities. I keep hearing in-state students are racking up that much or more each year in debt for school, so the number was surprisingly low in that regard.
And the size of the dent would depend on what they're bringing home each month. I'm thinking someone with MD or Esquire after their name will have a different budget than those that got a General Studies, Library Science, etc., degree.
The problem with the professional degrees example, as it relates to undergraduate debt, of course, is that undergrad is just the gateway to grad school/professional school. Whatever debt they carry after undergrad is just going to continue to accrue interest for however long their professional degree program takes. If they are also borrowing their way through that professional program (which is likely, if they are carrying undergrad debt), then it all just snowballs.MD, yes, student debt is a pretty good risk to take. Their income will quickly absorb any debt they have from school. Esquire, I'm not so sure. For every lawyer knocking down the big bucks, there are hundreds struggling to make ends meet working in DAs offices or as staff attorneys for big companies.
You are spot on about the "opportunity" thing. You are also correct about the professional degree cost as well. In medicine, the "starting" pay is so good, as long as they don't choose pediatrics or general practice, their $300K in debt is easy to service while living a very nice lifestyle right out of school. A neighbor of mine is a doctor, some sort of surgeon, who has been in practice for about 5 years. I'm pretty sure he is making $500K+ each year. He drives a fairly new Porsche and his hot wife drives a Lexus SUV. Law, on the other hand, generally involves being an associate at a firm making little more than people with a bachelor's degree in other jobs or working for peanuts in a solicitor or prosecutor's office for pretty meager pay while they wait for an opportunity to make partner somewhere. That $2-300K debt burden is brutal on a young lawyer trying to get started and possibly start a family.The problem with the professional degrees example, as it relates to undergraduate debt, of course, is that undergrad is just the gateway to grad school/professional school. Whatever debt they carry after undergrad is just going to continue to accrue interest for however long their professional degree program takes. If they are also borrowing their way through that professional program (which is likely, if they are carrying undergrad debt), then it all just snowballs.
When I was in law school in the late 90s, I had classmates who _started_ law school about $100K in debt from undergrad. After financing their law school education, they entered the work force nearly $200K in debt. Three decades later, given the escalation in costs, I'm sure it is not unusual for similarly situated graduates to carry $300K+. That is an incredible debt burden for a new professional. My advice to anyone thinking of going to law school, medical school, or any other expensive advanced degree program is to figure out how to pay for undergrad without borrowing. Professional school is so outrageously expensive for most that it is almost impossible to pay for it without at least some loan assistance. Don't compound your problem by financing your undergrad education as well.
As for law school being a good investment, I think it still is for most, if done smartly. I think the assertion there are "hundreds" trying to make ends meet for every one making big bucks is hyperbolic, but I suppose it depends on one's definition of "big bucks" and "making ends meet." lol. It is, at least, a degree that provides opportunities to make substantial income and in a variety of different ways. And it typically doesn't involve higher level mathematics.![]()
The problem with the professional degrees example, as it relates to undergraduate debt, of course, is that undergrad is just the gateway to grad school/professional school. Whatever debt they carry after undergrad is just going to continue to accrue interest for however long their professional degree program takes. If they are also borrowing their way through that professional program (which is likely, if they are carrying undergrad debt), then it all just snowballs.
When I was in law school in the late 90s, I had classmates who _started_ law school about $100K in debt from undergrad. After financing their law school education, they entered the work force nearly $200K in debt. Three decades later, given the escalation in costs, I'm sure it is not unusual for similarly situated graduates to carry $300K+. That is an incredible debt burden for a new professional. My advice to anyone thinking of going to law school, medical school, or any other expensive advanced degree program is to figure out how to pay for undergrad without borrowing. Professional school is so outrageously expensive for most that it is almost impossible to pay for it without at least some loan assistance. Don't compound your problem by financing your undergrad education as well.
As for law school being a good investment, I think it still is for most, if done smartly. I think the assertion there are "hundreds" trying to make ends meet for every one making big bucks is hyperbolic, but I suppose it depends on one's definition of "big bucks" and "making ends meet." lol. It is, at least, a degree that provides opportunities to make substantial income and in a variety of different ways. And it typically doesn't involve higher level mathematics.![]()
Were you an engineering student too?It's people like you who give Differential Equations a bad name... along with Numerical Methods, Finite Elements, etc.![]()
Were you an engineering student too?![]()
Agreed. Hence my caveat "if done smartly," which means avoiding that level of debt altogether.That $2-300K debt burden is brutal on a young lawyer trying to get started and possibly start a family.
Oh, I think they earned their bad names on their own.It's people like you who give Differential Equations a bad name... along with Numerical Methods, Finite Elements, etc.![]()
Oh, I think they earned their bad names on their own.![]()
Yes, they will….then their scholarship will cover it…..so no.My first thought is that the extra fees might be used, in part, to pay the salaries of certain fellow "students" recruited for sportsball. Will athletes be required to pay the new fee as well?
they meant students whose parents owned luxury suites"enhance the student experience across multiple USC sporting venues."
I love how the universities use this language to justify making you pay more. The only "enhancement" any of us care about are more wins, but I doubt that's what they are talking about.
Yeah, my brother in law went to St. Johns Law School and racked up about $200K in student debt. He said he got caught up in wanting a prestigious name on his diploma. He interviewed for some jobs in NYC that looked like they paid well until he found out how much it costs to live up there. He is almost 50 and is still paying on that debt.Agreed. Hence my caveat "if done smartly," which means avoiding that level of debt altogether.
Yeah, my brother in law went to St. Johns Law School and racked up about $200K in student debt. He said he got caught up in wanting a prestigious name on his diploma. He interviewed for some jobs in NYC that looked like they paid well until he found out how much it costs to live up there. He is almost 50 and is still paying on that debt.
He is an attorney in Atlanta and says the UGA Law grads he deals with are every bit as good as he is, some are better, and they don't have near the debt he has if they have any.
Most degreed professionals know the real education in your field begins once you graduate.
I learned more my first year of working than four years of college. And it's REAL WORLD knowledge. Not like in school.It is amazing how little of college translates.