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Old 01-14-2018, 08:42 AM
 
2,953 posts, read 1,389,796 times
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My experience other than the East Coast, no one gives a dang what college you went to past 30. Unless it was Stanford. lol

Your achievements hold much more value than the school by 30.

Frankly some of school debt since 2000 , has gone to upgrading life style than schooling. Designer clothing, fancy trips, etc. Go on some desinger websites. They talk about owning high end bags and in the same site there will be a thread about how they can't pay their school loans.
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Old 01-14-2018, 08:47 AM
 
Location: Paranoid State
12,679 posts, read 9,425,981 times
Reputation: 14933
Quote:
Originally Posted by Liar_Liar View Post
Why can't there be a law that prevent potential employers from figuring out which university you attend??
Michael Spence won the 2001 Nobel Prize in Economics; one of his many major contributions was to the Economic Theory of Signalling.

In this model, employees signal their respective skills to employers by acquiring a certain degree of education, which is costly to them (cost in terms of time, lost opportunities, and money). Employers will pay higher wages to more educated employees, because they know that the proportion of employees with high abilities is higher among the educated ones, as it is less costly for them to acquire education than it is for employees with low abilities. For the model to work, it is not even necessary for education to have any intrinsic value if it can convey information about the sender (employee) to the recipient (employer) and if the signal is costly.
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Old 01-14-2018, 08:48 AM
 
2,953 posts, read 1,389,796 times
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Quote:
Originally Posted by SportyandMisty View Post
False. Businesses don't expect anything.

It is the responsibility of student to acquire both education and relevant job skills. If the student does so, in the current job market the student will be showered with opportunities. If the student fails to do so, well, at least they had 4 years of partying, sex, drugs, & rock'n'roll.
I have a good friend who owns a CPA firm. Says the accounting graduates have to mirror them for at least a year as they don't really learn real life accounting stuff. Her and others in her position are very disappointed.
But could be for what they pay, they expect more. Could just be that industry.
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Old 01-14-2018, 08:53 AM
 
Location: Paranoid State
12,679 posts, read 9,425,981 times
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Quote:
Originally Posted by Quietude View Post
Where does the scam line lie between, say, Harvard/Yale/Princeton/Stanford and Western School of Truck Driving and Computer Repair?
Why don't you enlighten us?
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Old 01-14-2018, 08:56 AM
 
Location: Paranoid State
12,679 posts, read 9,425,981 times
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Quote:
Originally Posted by usedgoats4sale View Post
Rich people get to go to school for free.
Nope. Rich people pay more than do middle-class and poor people.

Quote:
Originally Posted by usedgoats4sale View Post
They have parents that can pay for a car, insurance, phone.
Do you have an actual point?

Quote:
Originally Posted by usedgoats4sale View Post
They can get loans, because their parents can sign for them.
Do you have an actual point?
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Old 01-14-2018, 09:25 AM
 
Location: Aurora Denveralis
2,992 posts, read 1,017,500 times
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Quote:
Originally Posted by foundapeanut View Post
They talk about owning high end bags and in the same site there will be a thread about how they can't pay their school loans.
Bingo. Go on to any site dedicated to a high-dollar pursuit, and you'll find side chatter about how much trouble they're having economically. Usually something that combines how much debt they're in and how they're going to have to keep working past retirement age. But check out the cool paint job on their Camaro, man.

It never occurs to them if there might be a connection.
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Old 01-14-2018, 09:28 AM
 
Location: Aurora Denveralis
2,992 posts, read 1,017,500 times
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Quote:
Originally Posted by SportyandMisty View Post
Why don't you enlighten us?
It's a question, not a statement.

It should be fairly clear from my comments that my scam line lies well below most. I simply don't think a $200,000 degree from the University of Midwestern Somewhere is a reasonable acquisition. But someone convinced them it was. It probably involved a big conference football team.
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Old 01-14-2018, 09:33 AM
 
Location: Aurora Denveralis
2,992 posts, read 1,017,500 times
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Quote:
Originally Posted by foundapeanut View Post
I have a good friend who owns a CPA firm. Says the accounting graduates have to mirror them for at least a year as they don't really learn real life accounting stuff. Her and others in her position are very disappointed.
But could be for what they pay, they expect more. Could just be that industry.
It's not.

Excepting certain STEM fields, where any drone from any competent school anywhere on Earth can slide in and work the hands of that big clock, graduates are rarely more than raw material for companies. And it's questionable whether their major courses really bring anything to those jobs. (Other than the proof that they could stay awake for 4 years.)
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Old 01-14-2018, 09:42 AM
 
7,192 posts, read 5,261,073 times
Reputation: 7838
Quote:
Originally Posted by eliza61nyc View Post
Lol. You do realize the athletic department usually brings in the dough to fund many of the other departments right?? Silly stuff like engineering, IT and business.

Alabama's football program brought in over 100 million bucks to the school. Basically paid for the entire school of engineering.
This is only true for a handful of schools. Most of the time, it's the academic side bailing out the money-losing athletics.

Myth: College Sports Are a Cash Cow

Berkeley is bailing out their athletics department to the tune of $200 million.
UC Berkeley to help athletics department pay debt on Memorial Stadium - SFGate
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Old 01-14-2018, 09:44 AM
 
3,720 posts, read 1,667,677 times
Reputation: 5094
Today colleges have more administrators than professors. This blob of mostly unproductive paper shufflers adds little to the teaching and a lot to cost. They should do to colleges like they did to health insurance companies: limit administrative costs to 10% of the total. That would get rid of most of them.
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