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It was just that we let banks consider gender when determining credit risk. If they had a male co-signer they'd get the credit anyways.
State school was $3000 a year when I was young. You wouldn't even think about taking out a loan for it. What is it now?
I got into it with a boomer on this. The usual "i worked through school and didn't need no loans!" bit. In 1975 the annual tuition at my state university was like $1,100. Full time at minimum wage back then was around $4,000/yr. It was entirely possible to work during the summer, and part time during classes, and cover everything. Now the same school is close to $35,000/yr with room and board. Full time at $15/hr (twice minimum wage) is $31,000/yr. It's not even close.
SDSU is $9180 per semester. That is actually a little over 6x what I paid per semester less than 20 years later. That's insane. College prices have increased faster than real estate.
That is correct. But it was always lenders' policy not to lend money to people with no income and no means of repaying the loan. When my parents were married in the 60s (they divorced in '72), my mother had no income and was not considered a good loan risk because all of the money was earned by my father. They were trying to ensure my mother wasn't trying to borrow money without his knowledge that he'd be responsible for repaying. This was the correct thing to do, even in a community property state.
That same credit hour load is now $10700 at that school. I have no visibility on books, so I can't advise there.
I had a $1000 loan from a school where I took a year of courses before starting in earnest, and paid for the rest with a summer job that, incidentally, paid almost $28 cost adjusted.
I'm sorry for anyone who is entering school now. God bless you.
That's absolutely insane.