Wednesday, September 17, 2008

UC Tuition for Out of State Students

How will this affect your ability to go to college? Do your parents have investments or a plan? Take a look at the ripple affects of war, housing crisis', 3 brokerage houses dying on Wall Street, and the recent government bail out of AIG. How have these events collided to produce the shaky current market today? How secure is your future college prospects because of it? Explain your answers with concrete quotes from the Reuters news network.

22 comments:

  1. This UC tuition for out of State students wont affect my ability to college because I am not going to a UC. My parents don't have an investment or plan but I think that they have a secure bank account to pay for my college. The affects of war, housing crisis', and government bails has caused a shaky market today because all the tax money are being used on other things that we don't need or things we don't need to be into.

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  2. I myself might not have the ability to go to college, because the cost for tuition has gone up. I think that no one in this country will be able to stop this money crisis and it is only going to get worse. It is said that by the end of this year gas will be worth eight dollars. My parents have Washington Mutual as a bank, so we are worried about our situation money-wise. No one can invest their money anymore in anything, it is best to keep the government out of your money problems. I believe that soon this nation is going to go bankrupt, and there will not be jobs available. There will be a second great depression. Hopefully though, Obama will get our troops out of Iraq, so we will not keep falling down the money well.

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  3. The UC tution for out of state students will not really affect me because I lived in California for 15 years and i don't plan to learn outside of California. I am probably going to go to city college first and then transfer to a UC after 2 years. My parents do have investments but I am sure it is securely safe. When my dad heard about the Wall Street Meltdown, he was shocked and was worried that he would lose some money. He checked his account and it looks like everything was safe. The recent housing crisis' and government bails out shows that our government is in seriously bad shape and soon the whole United States will go bankrupt and we will have another Great Depression. If that happens, I could say bye bye to college because I have no clue how i wil pay for it. My parents have cash in the bank that is seriously needed for our mortgage and other valuable needs. This country is turning into a nightmare in the housing and banking industry. We must have a change and quick or else the country is going to plummet to rock bottom.

    Here is a quote from Reuters: "Wall Street tumbled to a three-year low on Wednesday as the U.S. rescue of insurer AIG failed to calm a crisis of confidence in global markets, leaving banks scared to lend to each other".

    This is just the beginning of a crisis, we have to take care of it and soon. Hopefully we can get it done.

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  4. I don't think that the UC tuition for out of state students will affect me because I'm not planning on going to a UC, although, I will be applying to them. My parents have both an investment and a plan. Since my dad works at Stanford University, he is allowed half of Stanford's tuition to pay towards my college education. My mom is also offered a payment plan from her employer. I agree with Vince about the reason why our market is shaky today. I think that the government is spending too much of the tax payers' money on irrelevant matters compared to what it can be doing with the economy. The Wall Street crisis is proving that the government needs to focus on the fragile economy. Jack Reerink of Reuters reported that "Washington Mutual, the country's largest savings bank, put itself up for sale, sources said, confirming a New York Times report." If that doesn't concern anyone about what is happening in the stock market, I don't know what would. This is just proving that we have a major problem that needs to be fixed right now.


    reference: http://www.reuters.com/article/ousiv/idUSHKG1567720080917

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  5. Once I am one with high school I would love to go to a UC college, yes the tution has gone up but there are many scholarships avaible. I know money is everything but if you have the smarts and intelligence to go to a UC what is stopping you? Obama want's to increase our education in America, how can this happen if students who do not have enough money to even go to a college. The government is making colleges more expensive an they are getting harder to get into. In the future we probably will go bankrup, people will loose their jobs.

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  6. Sydney and Kyle: nice job. This is spot on !! Nice source citation.

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  7. Although, the UC tuition fees won't affect myself, I feel in a dark way that it's necessary for our economy right now. If the government raises the price of college, than the students who get in will have to pay the new tuition just as everyone would have to if they one was going to an out of state college. This money will go to whatever program is in need. Some may have the funds to pay, and thus will help our economy. My parents have money in a bank account for my college fund, and I'm pretty sure that it won't be affected by the stock market. I plan on going to a UC and have been a resident for California all my life, and my parents absolutely refuse to let me attend a school outside of California. Our economy is in serious need of some help right now. The stock market is going down. Financial firms are crashing. Recently the bank Washington Mutual is up on the market, hoping to be bought. The market is failing miserably. Two independent banks Morgan Stanley and Goldman Staches, “ Morgan fell as much as 38% to a 52-week low and Goldman slid 25%, dropping below $100 a share for the first time in three years.” It seems at the moment that everything is going down, but hopefully our market can do a turn around. My dad says that the stock market fluctuates often, and maybe hopefully this will all turn out to be just a bad week and everything will go back to normal. Ralph Cole, a portfolio manager did claim that, “Everything is for sale in the banking world these days”, when talking about Washington Mutual.

    http://money.cnn.com/2008/09/17/news/newsmakers/paulson.friendly.fire.fortune/index.htm
    http://www.reuters.com/article/ousiv/idUSN1720034220080917

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  8. Nice Post Ariel. I agree with your dad. The market must have ups and downs, and it is natural. People who were foolishing throwing money around, will be hurt the most...There's a lesson in there some where... I hope you don't have any credit card debt.

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  9. The change on the UC out of state tuition won’t have much of an impact on me. I am planning on attending a state school. One positive from this change is I might be able to go out of state. I have talked to my parents about going away for college. They have always said it is too expensive. If the prices are similar here then to ones in other states I might be able to apply for a wider range of schools. My parents do have a plan for my future. They have invested money, but fortunately weren’t affected badly from this. I agree with Vince about how are government is shaky and unstable at times. The whole incident with the war housing crises and the bailing of AIG may have looked weird, but has good intentions. They saved AIG to save other businesses like it that are smaller. If you were to let all the big ones go all the smaller ones will fall just like the ones above them did. It would be like a domino affect. On the other hand I agree with Vince. Saving AIG spends a lot of our tax money, which could be going to way better causes. “NEW YORK (Reuters) - Wall Street's manic deal making reached a new pitch on Wednesday as U.S. share prices plummeted to three-year lows and forced increasingly desperate major banks to scramble for merger partners.” This is a huge drop and up on the charts with some of the biggest stalk market crisis. The government should get straitened out and try to find a better way to deal with this problem.

    http://www.reuters.com/article/ousiv/idUSHKG1567720080917

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  10. While I'm not planning on attending a UC, I think that it eventually effect the CSUs and community colleges. My mom does have some money for my college, but I don't want her to be burdened with paying my college tuition on top of everything else. I've been trying to get a part time job and so far I haven't been successful. It's a reflection of the times, companies are letting people go, not hiring them.

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  11. The UC tuition for out of state students will most likely won't affect me because I am not planning on going to a UC, I'm applying to a USC. I don't know how secure my future is with college because the economy is getting worse and worse that I don't know that anyone's future is secure. If prices keep rising and everyone is getting pushed to go to college how do you suppose they can pay for it with the kind of situation we are stuck in? I like how it takes a financial crash to get the attention of our government to see the direction we are headed in. We need to stop wasting money and start putting it to our country that is in need of it.

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  12. The UC tution for out of state students will not affect me, because I am planning to go to an out of state college. My brother goes to Calpoly, so are family already knows how expensive college is. Since my siblings and I are all close in age, my parents will have to be paying for three colleges at the same time. Even though it is costly, they have never wanted that to stop us from going to college. Most likely they have a plan set up on how to pay it off. The war has caused alot of debt and problems for the United States. Hopefully something will happen soon to get us out of this mess!

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  13. The UC tuiton for out of state students would not affect me from attending college because i would not be going straight to a UC. My parents already have a plan for me attending college but they do not have an investment. The Iraq war, the housing crisis, the three brokerage houses dying on wall street, and the recent government bail out of AIG make a great impact on the current market. All these are causing a ripple effect for our economy to drastically decrease and forcing our government to spend on uneccesary things . If the government does not do anything now we could face a huge economic collapse very soon.

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  14. The change on the UC out of state tuition may have an impact on me, although I do have many different plans. I have discussed with my parents my options and I have a lot of variety therefore I am not too worried about this situation. I know that my parents will get me to where I need to go and they have their best interest in supporting me. I think the government makes it really difficult for a student to get a good education because there are so many obstacles. It’s already hard enough for a student to earn the best grades to get into a college but then there is another factor which is the cost of going to that college. The prices will keep getting higher and higher every year which will be a barrier for a student going to the college they would like too. “The U.S. economy has been on the ropes for months, bordering on recession, and despite security gains in Iraq, the war remains deeply unpopular with the American public.” (Reuters.com) The war is also another huge issue; we are wasting money on it and getting into bad situations that are harder to get out of. Peoples life’s are changing, not positively but negatively. I believe there are wiser ways of spending our countries money and I hope our government takes action on these issues arising.

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  15. I do plan on attending a UC.
    The new issue involving a higher tuition for out of states students however, will not be affecting me, because I have been a California resident all of my life. There are negative and positive reprocussions to this though. Some positive outcomees from this issue are; some students from out of state or from over seas might not be able to pay a double or triple tuition for a UC school, which could reduce the competition of enrollment from the top percentage of students, making it a bit easier to get into a competative school. A downfall, however, a student for out of state, who does deserve a UC basesd education, with honors, and all the smarts, might not be able to pay for their education. Scholarships can help, be unless you are a truley gifted individual, and you have some kind of skill you are very good at, chances are, you will not recieve a full blown paid tuition from anyone.
    My parents do have some kind of bank account for my college tuition, but they also invest in realestate, which can be sold and used for college money. My parents choose not to invest their money in the stock market because it is unpredictable. The realestate market, can at times be low, but if you have a nice property, in a good location, there will always be someone willing to live there. You just have to know the appropriate time to buy and sell.
    I feel that the American gov't. is spending alot of money in areas that are not bennificial to us Americans. “The U.S. economy has been on the ropes for months, bordering on recession, and despite security gains in Iraq, the war remains deeply unpopular with the American public.” I think it is time for a new president, with different gaols, and who has aspirations to get us out of war, and semi-out-of-debut. Nothing is secure theses days in America, and it is time for that to end. We need to solve one crisis at a time instead of partially solving things and leaving them undone for others to deal with.

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  16. Since I am not planning on attending a UC this does not affect my ability to go to college. My parents have money safely secured for me so they can support what I want to do after high school. The 3 brokerage houses, the bail out of AIG and the war in Iraq is making the government spend our money on useless things and this could possibly turn into another great depression. This new law about raising the college tuition for kids who don't live in the United States, makes it easier on the kids who are planning on staying in the US because less out of the country competition. But for a government that is all about education, it is odd that they are not promoting it and making it easier for kids to go to school and make it cheaper.

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  17. I do plan on attending a UC but this new law will not affect me because I have lived in California for more than three years. It does not seem fair, however, to those students who want to go to a UC but have lived here for less than three years. Their parents would have been saving up for them according to the old price and now they can't afford it anymore because they have only lived in California for say, two years. I have my own savings account and I am applying to many scholarships and grants to pay for college, and I will take out loans if I have to. I am not going to let financial reasons get in the way of my future and education. There are a lot of factors to consider when examining the stability of our economy. The U.S. is in so much debt from the war and the crisis on Wall street about the three brokerage houses doesn't put anyone at ease. All these things and more are making the current market today shaky.
    "With the financial landscape undergoing its most dramatic transformation since the Great Depression, reports emerged of takeovers involving No. 2 U.S. investment bank Morgan Stanley, weakened top U.S. savings bank Washington Mutual and major UK mortgage lender HBOS."
    Who knows, maybe one day the U.S. will just become so overwhelmed and sell ourselves to another country. Hopefully our next president can help us stabilize things around here.

    source: http://www.reuters.com/article/ousiv/idUSHKG1567720080917

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  18. I doubt that the UC tuition for out of state students will affect me because I'm only looking at private colleges. My family has a college fund set up for me and if we were to get caught in financial trouble, my extended family would help. I agree with Kyle on what is wrong with our market today. The government should be more concerned with the welfare of our country that that of others. The Stock Market problem allowed many citizens to realize that our economy is not stable and if things aren't dealt with soon, we may be in big trouble for the future. In the future, my generation and our children will still be paying for the mistakes made by our administration and maybe even the mistakes in the economy. I agree with Bernake when he said, "People are not going to want to
    invest in a country where the financial system is unstable and
    the economy is not growing."


    http://www.reuters.com/article/companyNewsAndPR/idUSN2446323320080924

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  19. The rise of UC tuition will not affect me at all. I do not plan on going to a UC, plus I have lived in California all my life. Therefore I wouldn't need to pay out of state tuition. All of this is related to the war in the Middle East. Since we have been there so long, it is hurting out economy. The housing market is horrible, and this is causing the major money lenders to lose a ton of money. Then, money insurers can't back all this money. It is all intertwined, and it needs to be fixed quickly.

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  20. I personally think that the rise in school tuitions will not be good for students who want to go to a UC. (Or any college for that matter.) I originally intended to go to a UC, but since my grades are not there and I do not know what I want to do in life yet, I decided to save my parents money and just to start off at a JC for 2 years then transfer, probably to a state school. I know that tuition prices really are expensive already because my parents keep talking about it now that my older brother has left for college. I do not know if they planned and saved for the 2 of us to go one right after the other, but they said it is a smart and cheaper choice for me to start out at a JC. I am just hoping that the prices do not jump horribly by the time I am ready to transfer!

    -Jessica1

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  21. The UC tuition for out of state schools will not affect me because i've lived in california all my life and I don't plan on going out of state. This issue is just going to get worse. I don't think many people are going to have an opportunity to apply to out of state schools because of the increase of tuition.

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  22. This issue will not affect me personally because I have lived in California my whole life, but I sympathize with those who are affected by it. I’m sure that this will decrease that number of out of state students coming to a UC campus, which is unfortunate. Wall Street and the economy are on shaky ground and everyone is worried about them. AIG fell through despite the government spending billions and billions to try to save it, people are losing foreclosure on their houses, and many people are not happy with the $700 billion bailout recently passed in Congress to help bail out the CEO’s and companies at Wall Street. I believe we spend more money in a week in Iraq than years in Afghanistan, which I think is totally crazy. Gas prices are up, food prices are up, and there is talk about another depression, although not everyone agrees. With all of the issues going on, especially during such a historic election, I wish that I was old enough to vote to truly make a difference in determining who will lead our country forward out of this mess.

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