Wyoming Catholic College Opts Out of Federal Student Loans and Grants

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Wyoming Catholic College Opts Out of Federal Student Loans and Grants
Over 70% of college students graduate with student loans… And 80% of those loans are federal student loans. Wyoming Catholic College received their accreditation last year making them eligible for federal loan and grant funding… But they’ve opted out.
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Kevin Roberts: “We’re not making a moral claim about other colleges or for that matter even the federal government,” says Kevin Roberts, Wyoming Catholic College President.
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Wyoming Catholic College’s President says because of federal overreach… The college will not be participating in the federal grant and loan program.
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“When we read the tea leaves, this is a government that’s already telling this college, this group of people we cannot practice our catholic beliefs, we are thankfully under an injunction under federal court on the HHS mandate from the Affordable Care Act,” says Roberts.
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“We would expect, if we were to participate in these programs, very significant strings on our hiring, on our admissions and for that matter, even our public restroom facilities,” says Roberts.
. . . . “I hope this is a statement to the Federal Government that people can control themselves and that people can make decisions for their businesses, their entities and the things that they believe in,” says Mary Murray, Assistant Vice President of Advancement.

A good decision by the college.
 
Good for Wyoming Catholic College. I think they made a very wise decision.
 
From their webpage:

Tuition $20,000
Room and board $7,500
Books, Materials, and Activities Fee $650
Outdoor equipment *
Total $28,150

Additional expenses: medical insurance, spending money, transportation.

I hope they offer a lot of scholarships. I don’t know many families that have saved that much for college expenses.
 
All they’ve done is forced students to take out higher interest private student loans. A great decision sarcasm.
 
I agree that university costs have gotten out of hand. But Federal student loans do not reduce tuition costs. In fact they are likely to make them higher by ensuring a supply of customers. And students still have to pay the costs. They just do it by incurring huge amounts of student loans which ensure some decades of indentured servitude following college.

How about reducing college costs by offering a good education without expensive amenities?
 
JimG said:
I agree that university costs have gotten out of hand. But Federal student loans do not reduce tuition costs. In fact they are likely to make them higher by ensuring a supply of customers. And students still have to pay the costs. They just do it by incurring huge amounts of student loans which ensure some decades of indentured servitude following college.

How about reducing college costs by offering a good education without expensive amenities?
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That’s fine and dandy to say, but Wyoming Catholic College doesn’t really show an interest in lowering their 20k/year figure…
 
jtauke said:
All they’ve done is forced students to take out higher interest private student loans. A great decision sarcasm.
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No-one is forcing anyone to take loans. If a student can’t afford it they should go somewhere else.
 
JimG said:
I agree that university costs have gotten out of hand. But Federal student loans do not reduce tuition costs. In fact they are likely to make them higher by ensuring a supply of customers. And students still have to pay the costs. They just do it by incurring huge amounts of student loans which ensure some decades of indentured servitude following college.

How about reducing college costs by offering a good education without expensive amenities?
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Bravo! 👍
 
jtauke said:
That’s fine and dandy to say, but Wyoming Catholic College doesn’t really show an interest in lowering their 20k/year figure…
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It’s been a long time since I was in college. I looked up a small Catholic university in my own area–Newman University, and a very good university I must say–but it’s costs are actually similar to Wyoming Catholic College. There are some good two year colleges that are less expensive, and I think that they would be a good option.

Once I was talking to a financial rep from my own university and we discussed the cost of college. He mentioned that students now demand greater amenities, better dorms (the ones in my day would be rejected by students as too bare bones), more beautified campuses, better cafeterias and dining areas, etc. According to him, universities have to give the customers what the want in order to compete, and the students want a great campus and lots of amenities.

I’m thinking if that’s the case, I would go with a bare bones community college. Either that, or join the Air Force first, and then let the GI bill, which is now very generous, pay for my college education.
 
JimG said:
“We would expect, if we were to participate in these programs, very significant strings on our hiring, on our admissions and for that matter, even our public restroom facilities,” says Roberts.
. . . . “I hope this is a statement to the Federal Government that people can control themselves and that people can make decisions for their businesses, their entities and the things that they believe in,” says Mary Murray, Assistant Vice President of Advancement.

A good decision by the college.
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Yes. It just might get them out from under political correctness.
“Less Academics, More Narcissism”
Heather Mac Donald
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The University of California is cutting back on many things, but not useless diversity programs.
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Even as UC campuses jettison entire degree programs and lose faculty to competing universities, one fiefdom has remained virtually sacrosanct: the diversity machine.
Not only have diversity sinecures been protected from budget cuts, their numbers are actually growing. The University of California at San Diego, for example, is creating a new full-time “vice chancellor for equity, diversity, and inclusion.” This position would augment UC San Diego’s already massive diversity apparatus, which includes the Chancellor’s Diversity Office, the associate vice chancellor for faculty equity, the assistant vice chancellor for diversity, the faculty equity advisors, the graduate diversity coordinators, the staff diversity liaison, the undergraduate student diversity liaison, the graduate student diversity liaison, the chief diversity officer, the director of development for diversity initiatives, the Office of Academic Diversity and Equal Opportunity, the Committee on Gender Identity and Sexual Orientation Issues, the Committee on the Status of Women, the Campus Council on Climate, Culture and Inclusion, the Diversity Council, and the directors of the Cross-Cultural Center, the Lesbian Gay Bisexual Transgender Resource Center, and the Women’s Center.
…
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This week, in light of a possible cut of $650 million in state financing, the University of California’s regents will likely raise tuition rates to $12,192. Though tuition at UC will remain a bargain compared with what you would pay at private colleges, the regents won’t be meeting their responsibility to California’s taxpayers if they pass over in silence the useless diversity infrastructure that sucks money away from the university’s real function: teaching students about the world outside their own limited selves. California’s budget crisis could have had a silver lining if it had resulted in the dismantling of that infrastructure – but the power of the diversity complex makes such an outcome unthinkable.
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city-journal.org/2011/cjc0714hm.html
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I can understand a Catholic college not wanting to be tied to the whims of whatever administration happens to be in office. Fed rules and regs are as changeable as the wind and just about as reliable–with little common sense. I too think they made the right decision.

I put myself through college and had (for that time) a high student loan to pay back. I was able to do it, but it took years. The costs are so high now, though that it’s like taking out a mortgage–it takes decades to pay back not merely a few years. It’s just plain nuts.

Those who want to go to college should get all the grants they can (there are other ones besides those funded by the feds.), they should take their basic courses at a community college where the costs are usually much lower, and then go on to the college of their choice for their major. These days students have to think more creatively about funding their education. It’s not as straightfoward as it was a generation ago.
 
jtauke said:
All they’ve done is forced students to take out higher interest private student loans. A great decision sarcasm.
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Yep. Although you may be able to find a private loan with a lower interest rate (I honestly don’t know what the rates are nowadays for private loans) but you lose all the benefits of a federal student loan. If you lose your job or are in a low income situation you can defer your loans. If you just need a little break you can use a no questions asked forbearance. You can pick from different payment plans including income based plans. If you end up totally disabled your loan can be discharged. If you die the loan goes away and doesn’t become your families problem. There are forgiveness programs for teachers and public service employees.

I’m pretty sure the private loan options are simply pay or go delinquent. Even if they grant you a deferment/forbearance you usually have to pay a fee (depends on the state).

All of that said, I think if the school can pull it off financially without simply becoming a school for rich kids, I’m all for it. They’ve managed for this long with Title IV funding so I can’t imagine they will suddenly go out of business.
 
JimG.

You said:
A good decision by the college.
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and
I agree that university costs have gotten out of hand. But Federal student loans do not reduce tuition costs. In fact they are likely to make them higher by ensuring a supply of customers. And students still have to pay the costs. They just do it by incurring huge amounts of student loans which ensure some decades of indentured servitude following college.
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Well stated JimG.

God bless.

Cathoholic
 
SuscipeMeDomine said:
From their webpage:

Tuition $20,000
Room and board $7,500
Books, Materials, and Activities Fee $650
Outdoor equipment *
Total $28,150

Additional expenses: medical insurance, spending money, transportation.

I hope they offer a lot of scholarships. I don’t know many families that have saved that much for college expenses.
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Students can still get private college loans if someone is willing to co-sign for them.
 
unstoppable_II said:
Yes. It just might get them out from under political correctness.
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From Hillsdale College’s web site:Hillsdale’s modern rise to prominence occurred in the 1970s. On the pretext that some of its students were receiving federal loans, the Department of Health, Education, and Welfare attempted to interfere with the College’s internal affairs, including a demand that Hillsdale begin counting its students by race. Hillsdale’s trustees responded with two toughly worded resolutions: One, the College would continue its policy of non-discrimination. Two, “with the help of God,” it would “resist, by all legal means, any encroachments on its independence.”

Following almost a decade of litigation, the U.S. Supreme Court decided against Hillsdale in 1984. By this time, the College had announced that rather than complying with unconstitutional federal regulation, it would instruct its students that they could no longer bring federal taxpayer money to Hillsdale. Instead, the College would replace that aid with private contributions.

Hillsdale continues to carry out its original mission today, both in the classroom and nationwide, through its many outreach programs, including its monthly speech digest, Imprimis. A prayer written in the Bible that was placed inside the 1853 cornerstone of Central Hall reflects its continuing commitment: “May earth be better and heaven be richer because of the life and labor of Hillsdale College.”
Oh, and basic expenses for the 2014-2015 academic year at Hillsdale are as follows:

Tuition $22,920
Room $4,570
Board $4,680
Gen’l Fees $696 **
Total** **$32,866

**Would that more colleges/universities follow the lead of Hillsdale and Wyoming Catholic
 
jtauke said:
That’s fine and dandy to say, but Wyoming Catholic College doesn’t really show an interest in lowering their 20k/year figure…
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Probably won’t be so ready to raise tuition in the future, though.

JimG is on the right track on this IMO. Where there is borrowing and ample credit available, they’re not likely to drop tuition.

My only caveat is in the name of the college, having a state name. Where I received my master’s the name of the college was originally St. Procopius, then Illinois Benedictine (had to have a state name since it was subsidized partially by the state), but now called just Benedictine University (Lisle, Ill.)
 
I think that most private colleges are not-for-profit. So if they are not making a profit then how can they lower their tuition. It sure sounds nice to write that on the internet but then there is the practical side.

Here is another thing easy to say on the internet; If you think these colleges are making gobs of money maybe, those who think tuitions can easily be lowered, should begin their own college.

:confused:
 
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