I tend to agree on a lot of that as well, Myosin. It's like..How are you just completely supposed to wait around and put your life on hold like that? There is work to be found, money needed to be saved etc for perhaps another application round...But I know it's also not just PT that happens with. I have lots of friends who have applied to other professional programs (med, optometry etc), and they've had to put deposits for fear or not being accepted anywhere else, and lost considerable amounts of money.
I mean, for being fresh out of undergrad, how do they think these 21-22 year old kids can afford to drop thousands of dollars in place-holding money? I have absolutely no shame in admitting that if it weren't for my parents helping me financially, it would be impossible for me to do this application cycle--with PTCAS expenses, the money it costs to send transcripts, take the GRE (sometimes more than once), travel expenses, hotel arrangements, gas money to travel to the interviews...I (like all other students) have spent hundreds (if not thousands) of dollars on this whole application process. I couldn't do it without the help of my parents. I don't see how anyone could do it alone being fresh out of undergrad.
Welcome to the modern day system of higher education. You know why they call it "higher" education? Because the cost just goes higher and higher, year after year.
Students loans are given out like candy and the schools expect you to take as much of it as you possibly can.
It's even easier when "put it on the card" became a social norm. There was actually a time when debt was considered bad
Just put those $100 application fees for college, tens of thousands in undergrad tuition, thousands more for books, $140 GRE fees, more $100 application fees for grad school, $100k for grad school, hundreds more for grad school books, and $500 "technology" fees so you can use the Dell computers on campus, on the credit card.
Then, you and your 14 room mates can treat yourselves to a value pack of Ramen for all your hard work.
Don't worry though, other people who have inherited or were given their money that will tell you that the system isn't broken and hard work is the secret to success
Obviously a comedic exaggeration, but the education system is in bad shape and it's not going to be pretty when the Sallie Mae bubble pops.
You know, had my parents not started saving for my college fund before I was even born, I would probably just now being going into my first year as an undergrad. I refused to take out loans. I even went to CC for two years just so I could keep some of that money so I could have it towards my DPT tuition.
I have about 50% of my DPT tuition already saved up. I'm still scared and hesitant about the remaining 20k I will need, plus my cost of living for 3 years. That alone sometimes makes me actually consider delaying DPT school for another year or two or until I save the remainder up.
I love having the freedom of waking up, working my own hours, and just being able to do or buy whatever I want. You can't do that with student loan debt.
My heart truly does hurt for those who didn't have someone to guide them and got sucker punched by the system and now have to spend the next 20 years of their lives paying the bulk of what they make into student loan debt.
This image sums up better than words how I feel about the current system
http://apt46.net/2012/09/10/the-truth-about-college-education/