Admiral Valdemar wrote:Not to take this too far off the original topic (though I think that's inevitable now), what exactly is the student tuition fee system like in the US?
I know that the US has the best universities in the world, but I've never really got my head around the costs and general state of paying for the education.
Any help would be appreciated.
It's hard to generalize because tuition varies so much from school to school. Community colleges (2-year schools) are generally about $2,500 a year in tuition and fees, whereas a school like Johns Hopkins/Peabody Conservatory runs about $40,000 a year. Of course, there are in-betweens, state schools run anywhere from $8,000-$15,000 a year, and less prestigious private schools generally run around $25,000 a year.
Some schools offer completely scholarships, where tuition, fees, and living expenses are paid for, but these are few and far between. Private schools, like Johns Hopkins, usually award some financial assitance to students (usually around 25% of tuition fees), but the rest of that has to come from either your wallet (if you have a trust fund, basically), your parents' wallet, or from the government, who will loan or give you money, depending on how much you (meaning your family) has.
They figure out what you should get from the government by looking at your parents' taxes for the past few years, and the government works out what it thinks your parents should be able to pay for you, and then awards/loans money based on that. Stafford loans are student loans, that the student takes out his/herself in his/her name to pay for college. Plus loans are the loans parents take out to help pay for college (these are usually MUCH more money than Staffords). Pell grants are like scholarships, awarded to students who have academic ability but not enough income to pay for school. These are grants, so they don't have to be paid back. You do have to keep a certain grade average to keep them, though.