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I can agree with a lot of what's been posted all through this thread. I went to college in the early Seventies, and on a scholarship. If I had known of the limited intrinsic value of my degree (which was in Business -- not exactly intellectual finger-painting) and the real challenges of life on the bottom rung of the "Korporate" ladder in a more realistic setting, I would have chosen another major.
Sometimes, the most important function of an internship is to "unsell" a career to a candidate who's a poor psychological match, but too much student debt, too soon, can complicate the process. And the peddlers of "soft" majors and degrees have absolutely no incentive to tell the hard truth.
Absolutely not - as those folks have a vested interest in maintaining in their employment by keeping enrollees in the soft programs.
While I do think that high schools should be suggesting alternatives to traditional college (trade schools, etc), if a student thinks that they will get a job simply by attaining a degree, they are sorely mistaken.
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Have you ever done a job search in a 2% unemployment labor pool?
I have. I applied for one job. The one I wanted, I got it.
In a 2% unemployment labor pool a degree would guaranty you a good job. In a 10% unemployment labor pool it wont.
"Americans are flooding the government with appeals to have their student loans forgiven on the grounds that schools deceived them with false promises of a well-paying career—part of a growing protest against years of surging college costs."
We've come full circle to the allowable entry of peasants to higher levels of learning. We're well on the way to making sure the working class goes back down to where they came from. If you want to see what the real cultural issues are, take a look at Quebecs education master plan in '62.
Leaders in their provincial society starting making long term plans throughout the education system that didn't even come to fruition until most of them had long retired/passed on. It concerns the retention of their unique culture.
IN the USA the lunatic fringe gun nut flag waving conspiracy theorists would be well advised to look behind the scenes. Quebec just may start forgiving those loans in the interest of their greater society.
We've come full circle to the allowable entry of peasants to higher levels of learning. We're well on the way to making sure the working class goes back down to where they came from. If you want to see what the real cultural issues are, take a look at Quebecs education master plan in '62.
Leaders in their provincial society starting making long term plans throughout the education system that didn't even come to fruition until most of them had long retired/passed on. It concerns the retention of their unique culture.
IN the USA the lunatic fringe gun nut flag waving conspiracy theorists would be well advised to look behind the scenes. Quebec just may start forgiving those loans in the interest of their greater society.
You figure those junk classes these students are getting from these junk colleges are better for society. Scam, pure and simple.
Student loan business should collapse at some point. What this means is forgiveness for some amount of those loans or borrowers, and tax increases for everyone else to pay for it.
Student loan business should collapse at some point. What this means is forgiveness for some amount of those loans or borrowers, and tax increases for everyone else to pay for it.
And if course the scam artists who run all of the scam universities and provide substandard education pocket all the money. What a disgrace.
Yep, the whole student loan program is a facade for transfering wealth to universities while leaving students deeply in debt with few good career prospects. It's a sham and another example of how politicians play footsie with corrupt private industries so that each can gain.
Unfortunately young students are easy pickings and while there is necessarily a bubble that is about to burst, the program had a corrosive effect on our economy and our community lives.
Really?
The median SL is less than the cost of a new car. And students get to pick whatever they want to study, where ever they want to study it at.
That's amazing!
Now if they choose to study Woman's Studies, Political Science or any number of useless undergrad degrees that's on them, but there are hundreds of degrees that directly translate to employment.
Yes, going to a liberal arts university to be "enriched" with no clear cut path is absurd, but there are so many other paths one can take.
The for-profits? A shame, they really are. But still a free choice, and even they have gems (have you tried getting into a non-profit nursing program in the US, they are heavily impacted and the private sector helps fill that gap (granted at a price that borders on being too high given a nurses wage, but since when are college loans based on earning potential?).
The median SL is less than the cost of a new car. And students get to pick whatever they want to study, where ever they want to study it at.
That's amazing!
Now if they choose to study Woman's Studies, Political Science or any number of useless undergrad degrees that's on them, but there are hundreds of degrees that directly translate to employment.
Yes, going to a liberal arts university to be "enriched" with no clear cut path is absurd, but there are so many other paths one can take.
The for-profits? A shame, they really are. But still a free choice, and even they have gems (have you tried getting into a non-profit nursing program in the US, they are heavily impacted and the private sector helps fill that gap (granted at a price that borders on being too high given a nurses wage, but since when are college loans based on earning potential?).
Great. If it's free choice then anyone can choose and pay for their choice. And be in debt forever because they made the wrong choice. A guess the real lesson is how scam artists are allowed to prosper in the U.S. on the backs of hard working families. I don't remember any of this silly stuff while I was growing up, Good, low-cost state and city systems seemed to be more than adequate and could have been easily expanded to accommodate. It's all about scanning here and scamming there nowadays.
That said, there is nothing to foreclose upon with a student loan and there is no quantifiable "value" of a student's education that can drop. There cannot be a bubble without a valuation to grow then pop.
There might be attrition of the higher ed sector. Illinois is in major crisis with its higher ed system right now, it may actually have some of its regional universities and community colleges shut their doors, or at least significantly reduce their overhead, meaning they offer far fewer degrees and classes to a much smaller pool of students.
Ironically, the effect of that will probably be to increase the cost of remaining universities. University systems that still have money will increase their prices to counteract funding cuts, and they'll have no more competition from tier 3 regionals because those will shut down with no state funding, or they will cease to compete with the state flagships in the same programs.
That said, there is nothing to foreclose upon with a student loan and there is no quantifiable "value" of a student's education that can drop. There cannot be a bubble without a valuation to grow then pop.
There might be attrition of the higher ed sector. Illinois is in major crisis with its higher ed system right now, it may actually have some of its regional universities and community colleges shut their doors, or at least significantly reduce their overhead, meaning they offer far fewer degrees and classes to a much smaller pool of students.
Ironically, the effect of that will probably be to increase the cost of remaining universities. University systems that still have money will increase their prices to counteract funding cuts, and they'll have to competition from tier 3 regionals because those will shut down with no state funding.
If a student isn't willing to go into debt and take that loan the university simply sells the seat to some who will. The prudent student gets left out for - well being prudent.
There isn't a state more corrupt with a population more complacent than Illinois. I had to leave because I couldn't take it anymore.
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The issue is way larger than even the protesters realize
