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Bisonic

Joined: 07/30/2002 Posts: 14262
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Baylor U again showing their "Christian values"


The school has a $1.8 billion endowment, yet they've focused on bankrupting families that could not afford their school. Such slimeballs, especially during Ken Starr's time there.

"How Baylor Steered Lower-Income Parents to Debt They Couldn’t Afford; The Texas university and some other wealthy colleges guided families into no-limit Parent Plus loans, leaving them with onerous payments; ‘I will never get it all paid off’"

WACO, Texas—Some of the wealthiest U.S. colleges are steering parents into no-limit federal loans to cover rising tuition, leaving many poor and middle-class families with debt they can’t repay.

Parents at Baylor University had the worst repayment rate for a type of federal loan called Parent Plus among private schools with at least a $1 billion endowment, according to a Wall Street Journal analysis of available Education Department data. Only about a quarter of Baylor parents paid down any of what they originally borrowed after two years.

Unlike undergraduate loans that have limits, there is no cap on what parents can borrow through the fast-growing Parent Plus program, no matter their income. Some parents wanting the best schools available for their children sign on the dotted line unaware how the debt can burden them into retirement.

Baylor increased its tuition sharply to transform itself from a regionally known Baptist college into a national brand that now has a $1.8 billion endowment. The central Texas school has added facilities, built a sports powerhouse and climbed college-ranking lists in a push to become a world-class research institution.

Among wealthy colleges, though, Baylor is one of the least generous with aid to needy students, publicly available documents show. It has suggested that parents make up what student loans and scholarships don’t cover through Parent Plus, according to interviews with current and former students, parents and employees.

“I will never get it all paid off,” said Trina Saverin, a 53-year-old public-school administrator in Texas. She owes $231,000 in federal student loans of which at least $65,000 in Parent Plus loans came from sending her daughter to Baylor, at least $74,000 in Plus loans for her son’s college costs, and loans for her own 2015 master’s degree.

Linda Livingstone, Baylor’s president since 2017, said that until a couple of years ago, “we were admitting students who really couldn’t afford Baylor.” The school now takes into account families’ ability to pay when offering acceptances, she said.

(Subscription)

Link: WSJ article on Parent Plus loan abuse


Posted: 10/13/2021 at 5:32PM



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Current Thread:
 
  
Baylor U again showing their "Christian values" -- Bisonic 10/13/2021 5:32PM
  So whose responsibility is it -- 84Buff 10/14/2021 11:13AM
  This is the #1 reason I did not attend CU -- VegasBuff02 10/14/2021 12:48PM
  Guarantee the school administrator is Baptist -- CUKev 10/13/2021 9:17PM
  Agreed. ** -- Buffs4Ever 10/13/2021 9:32PM
  I'm with you Toker -- EBN 10/13/2021 8:31PM
  That was dumb...UT is a MUCH better school -- EBN 10/13/2021 7:06PM
  It's wrong from both angles -- CUKev 10/13/2021 8:53PM
  I completely agree ** -- WinningLeadership 10/13/2021 9:13PM
  Fair question -- WinningLeadership 10/13/2021 7:29PM
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