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. This analysis is extremely flawed. The CPI has only been tracked since 1946. In 1946, college tuitions were extremely cheap relative to median income. You need to stop looking at the short term. Take a look at tuition rates from 1100 to 2014 and compare it to affordability in those years. The only reason it appears tuition has risen sharply is because tuition DROPPED sharply after WW2. Tuition had now just recovered there's definitely a higher education crisis. Bit tuition is not it . That only impacts public schools. Traditional colleges have plenty of money and aren't feeling the squeeze. Take a look at the endowments at Harvard, Princeton, etc.
You really are hard up when you try and introduce pre-medieval education costs. The position is simply quite absurd.
Within the life time of any one alive tuition is higher than it has ever been and the rate of growth over recent years has been extraordinarily high...probably indicating the impact of the tuition loan programs.
Worse the situation probably is not reversible. These costs are now built in to the system. And their rate of rise is not going to slow without major change.
The likelihood is that Federal or State assistance will be required and will be provided in some way or another.
People retiring with unpaid student debt is just not going to be acceptable in the long term.
The issue is fraud. The fraud is being committed by big name universities as well as others. The fraud is the implication that a degree in the field of study will generate an income sufficient to pay off the loan within a timely period plus support an adequate lifestyle in the area of the job. Students are easily misguided because correct accurate timely and truthful information on jobs and career paths is almost impossible to obtain as the government and employers and others publish incorrect information.
It's not fraud -- no one implies that a degree in a certain field of study will guarantee you anything. But if you have someone passionate about, oh, say, the psychology of fashion, they tend to be optimistic and confident that SOMEONE will recognize their greatness (a holdover from the "everyone is a winner" mentality that most of these kids grew up with) and throw lots of money at them. Or, perhaps they may have to pay their dues for a few months in a miserable internship, but THEN someone will throw lots of money at them . . . There are few souls more optimistic than a 19 year old with ideas on how to make that Women Studies degree work for them.
And things change. For kids who entered college in 2006/7, suddenly the world economy took a nose dive. Four years later, Recession City. How were they supposed to know that when they signed up to go to Big Bucks University?
Student loan debt outstanding in the U.S. totaled $1.13 trillion as of Sept. 30, 2014 up by $100 billion from a year earlier, according to the Federal Reserve Bank of New York.
Welders and car mechanics make more money than most graduates of a traditional 4 year colleges.
70% of all people who have earned a college degree do not work in the field associated with their major or field of expertise.
Last edited by slowdude222; 01-08-2015 at 03:06 PM..
Reason: ever recover from the debt?
Student loan debt outstanding in the U.S. totaled $1.13 trillion as of Sept. 30, 2014 up by $100 billion from a year earlier, according to the Federal Reserve Bank of New York.
Welders and car mechanics make more money than most graduates of a traditional 4 year colleges.
70% of all people who have earned a college degree do not work in the field associated with their major or field of expertise.
Not everyone can work with their hands and blue collars jobs are hard to find due technology ,illegals ,and offshoring.
Student loan debt outstanding in the U.S. totaled $1.13 trillion as of Sept. 30, 2014 up by $100 billion from a year earlier, according to the Federal Reserve Bank of New York.
Welders and car mechanics make more money than most graduates of a traditional 4 year colleges.
70% of all people who have earned a college degree do not work in the field associated with their major or field of expertise.
Perhaps some people do not wish to go into a blue collar job? The job security can sometimes be shaky and hard to move up at stages.
By getting a college degree, you at least have some way to map out more potential fields to get into. Granted a lot of students do not go into what they majored but think of it this way, you have to be competitive.
I would not necessarily say all students are like this, but they go in having ideas but not being ambitious or organized enough to carry them out. They go through the mechanics of doing work and expecting a job to land in their lap in they apply enough. There is not emphasis on gaining the skills, know-how and network to find jobs in your field.
What makes you expect these types of people are going to miraculously become good welders, mechanic or plumber?
. This analysis is extremely flawed. The CPI has only been tracked since 1946. In 1946, college tuitions were extremely cheap relative to median income. You need to stop looking at the short term. Take a look at tuition rates from 1100 to 2014 and compare it to affordability in those years. The only reason it appears tuition has risen sharply is because tuition DROPPED sharply after WW2. Tuition had now just recovered there's definitely a higher education crisis. Bit tuition is not it . That only impacts public schools. Traditional colleges have plenty of money and aren't feeling the squeeze. Take a look at the endowments at Harvard, Princeton, etc.
Keep in mind this is a guy who thinks that if your combined family income is under 300k (300k is somewhere between top 2-3% of households in the USA), you're a failure. Also he has just stated that Penn State and Devry are equal schools. I personally don't think it's worthwhile to argue with crazy.
Also, apparently a generation is short term in this one's opinion.
Keep in mind this is a guy who thinks that if your combined family income is under 300k (300k is somewhere between top 2-3% of households in the USA), you're a failure. Also he has just stated that Penn State and Devry are equal schools. I personally don't think it's worthwhile to argue with crazy.
Looks like you love making up lies. I've never stated that making below $300k entitles you to be a failure and I've never said that Penn State and Devry at equal schools.
Quote:
Originally Posted by stellastar2345
Also, apparently a generation is short term in this one's opinion.
Everything is relative. A generation is short term in the scheme of things. Especially when you're talking about variations in the sciences.
You really are hard up when you try and introduce pre-medieval education costs. The position is simply quite absurd.
Within the life time of any one alive tuition is higher than it has ever been and the rate of growth over recent years has been extraordinarily high...probably indicating the impact of the tuition loan programs.
Worse the situation probably is not reversible. These costs are now built in to the system. And their rate of rise is not going to slow without major change.
The likelihood is that Federal or State assistance will be required and will be provided in some way or another.
People retiring with unpaid student debt is just not going to be acceptable in the long term.
You don't have to go to pre-medieval times to see this. You can look at just 150-200 years ago. The fact that you don't see this is absurd.
It doesn't appear that you've attended college. One thing that you'll learn in college is that collecting data over the largest range of time will yield the most accurate results.
The only thing to reverse is this absurd concept of federal financial aid. The good Universities have more than enough to support academia going forward.
Halloween is one of the few days that our community actually opens its gates and let's people from outside in. The kids around here don't go house to house. They throw Halloween parties with professional entertainers.
The homeowners (most of them parents) enjoy the joyous children that do come around from other neighborhoods. I'm sure there's a few people with mental issues who are all up in arms about letting them come near our homes. But the overwhelming (98% this year), are normal and enjoy the tradition.
Who cares if a child's parent are lazy and makes less than $300k? Children having fun is still a joy to observe.
Quote:
Originally Posted by NJBest
I've never said that Penn State and Devry at equal schools.
well you are equating them here.
Quote:
Originally Posted by NJBest
A piece of paper from Devry or Penn State is overvalued.
Last edited by stellastar2345; 01-11-2015 at 09:09 PM..
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