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Old 04-27-2013, 06:42 PM
 
5,507 posts, read 9,692,370 times
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Quote:
Originally Posted by Ag77845 View Post
I know a bunch of engineering students who are good at math having a hard time landing on a decent job.

There's no evidence to show that what people learned in college will finally pay off in the long run. The only reason for everyone to go to college is, you are supposed to have a degree because everybody else has.

The demand for college graduates, including engineering graduates is not that huge, but colleges are willing to admit as many students as possible.

Medical school is another story, and we all know why.
Salary and employment data show you will be better off actually. Just about the same amount of students are graduating college that always have.
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Old 04-29-2013, 01:41 PM
 
48,508 posts, read 88,633,133 times
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Data just the other day show it second to mortage debt. Even noiw not all mortages are in default or behind;so figure at 100% it would be much worse on student loans.Mnay are already i arears ebsides.
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Old 05-14-2013, 04:26 PM
 
272 posts, read 345,451 times
Reputation: 285
Quote:
Originally Posted by Ag77845 View Post
I know a bunch of engineering students who are good at math having a hard time landing on a decent job.

There's no evidence to show that what people learned in college will finally pay off in the long run. The only reason for everyone to go to college is, you are supposed to have a degree because everybody else has.

The demand for college graduates, including engineering graduates is not that huge, but colleges are willing to admit as many students as possible.

Medical school is another story, and we all know why.
I don't think enough people know why. Here are some ideas:

How about the medical monopoly on simple medical services? For years medicine said,
"Only an MD can diagnose and prescribe for these simple ailments."
"Oh, we just don't know what to do about the doctor shortage!"
(It's funny that nurses and PA's are taking these rolls now)

The medical institution has worked hard to keep American medical schools from expanding. Presumably, this would keep doctor salaries high. However, this did not stop foreign doctors from filling the empty slots that American students could not have. What percentage of doctors in your community are from another country?
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Old 05-14-2013, 05:04 PM
 
8,037 posts, read 4,567,561 times
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Quote:
Originally Posted by NJBest View Post
Higher education would be worthless.
Unemployment rates would be MUCH higher.
Banks would be writing off significant amounts of student loan debts.
Loans would tighten up.
Less people would be able to afford higher education.
Higher education will regain it's value as the number of college graduates drop (Over a 25 year period or so).
We will put a man on the moon.

That's what it would look like. But that's not going to happen since there are safeguards that protect student loans.
Bold makes no sense.
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Old 05-14-2013, 05:13 PM
 
24,497 posts, read 37,515,385 times
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Quote:
Originally Posted by LordSquidworth View Post
Bold makes no sense.
Immediately worthless.... but start to regain value over the next 25 years while the number of quality degree holders reduce.
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Old 05-14-2013, 05:39 PM
 
8,037 posts, read 4,567,561 times
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Those who attend actual schools wouldn't see their degrees become worthless. If fewer people can afford it, they'd gain value.

If you're referencing all those pop-up schools that completely cheapen and make it ez-mode... Well those are already worth less.
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Old 05-19-2013, 08:45 PM
 
392 posts, read 652,239 times
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Just add it to the Federal Reserve balance sheet like all the other junk it buys.. eventually the dollar will be worthless, whether it's the trillion in student loans that causes it, or bank bailouts, or the middle east wars... this is unsustainable.
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Old 05-19-2013, 09:36 PM
 
5,507 posts, read 9,692,370 times
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Quote:
Originally Posted by Sharecropper View Post
Just add it to the Federal Reserve balance sheet like all the other junk it buys.. eventually the dollar will be worthless, whether it's the trillion in student loans that causes it, or bank bailouts, or the middle east wars... this is unsustainable.
Student loans don't have much to do with the others since you can't get rid of them.

On the other topic.....

Quote:
That’s right, the federal budget deficit, which topped $1.4 trillion in 2009, or 10.1% of GDP, and dominated the political discourse over the past several years, is shrinking rapidly. The CBO is now saying that the deficit will be less than half that amount in 2013: $642 billion, or 4% of GDP. That’s $200 billion less than the CBO predicted just a few months ago. What gives?

Basically, the change can be explained by a combination of a recovering housing market — which has improved the finances of government-owned Fannie Mae and Freddie Mac — combined with a better-than-expected economy overall, which is boosting corporate and personal income tax revenues. This economic improvement is happening despite higher taxes and budget cuts enacted as part of the fiscal cliff deal reached in December, and the sequestration-related budget cuts that went into effect recently.

Read more: The Mystery of the Incredible Shrinking Budget Deficit | TIME.com
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Old 05-20-2013, 04:01 PM
 
392 posts, read 652,239 times
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Quote:
Originally Posted by Gatornation View Post
Student loans don't have much to do with the others since you can't get rid of them.

On the other topic.....
Not true, judges are discharging them, it's just that the propaganda like your's makes people believe they are untouchable. Judges will only have have more pressure on them for hardship discharges as a generation of $25K/yr baristas will simply not pay, or refuse to work if wages are garnished.

7th Circuit OKs $25K student-loan discharge for ‘destitute’ paralegal



A Primer On Discharging Student Debt | Zero Hedge
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Old 05-21-2013, 06:09 AM
 
5,507 posts, read 9,692,370 times
Reputation: 2294
Quote:
Originally Posted by Sharecropper View Post
Not true, judges are discharging them, it's just that the propaganda like your's makes people believe they are untouchable. Judges will only have have more pressure on them for hardship discharges as a generation of $25K/yr baristas will simply not pay, or refuse to work if wages are garnished.

7th Circuit OKs $25K student-loan discharge for ‘destitute’ paralegal



A Primer On Discharging Student Debt | Zero Hedge
Tell us what % are discharged?
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