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Old 03-14-2017, 03:32 PM
 
Location: Arizona
6,137 posts, read 3,869,765 times
Reputation: 4900

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Student loan defaults rose by 1.1 million in 2016 – The Denver Post

https://www.wsj.com/articles/more-th...nts-1459971348

I don't understand this, I thought degrees were the tool to a six-figure position doing things like consulting, advising and being a professional.

I am curious why so many professional white-collar millennials are having this issue.

I guess buying cars, homes, expensive coffees and juices and learning experience luxury vacations are just much more important.

Odd, how this is happening in the biggest economic bubble possibly ever in the history of the nation.
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Old 03-14-2017, 03:38 PM
 
Location: Pyongjang
5,701 posts, read 3,226,256 times
Reputation: 3925
Never seen one of them without the latest smartphone. Priorities, I guess.
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Old 03-14-2017, 03:42 PM
 
3,271 posts, read 2,192,454 times
Reputation: 2458
Worse, there WILL BE NO JOBS. That's right, automation is going replace probably 99% of human labor capital. Why aren't people talking about this? Why isn't this an issue?

What are they going to do with hundreds of millions of unemployable Americans? Not that hard to figure out.
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Old 03-14-2017, 03:46 PM
 
13,711 posts, read 9,243,235 times
Reputation: 9845
Quote:
Originally Posted by lovecrowds View Post

I am curious why so many professional white-collar millennials are having this issue.

Many of the students were defrauded by institutions like the Trump University into paying very high tuition for worthless degrees.

.
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Old 03-14-2017, 03:47 PM
 
16,376 posts, read 22,502,666 times
Reputation: 14398
Quote:
Originally Posted by lovecrowds View Post

I don't understand this, I thought degrees were the tool to a six-figure position doing things like consulting, advising and being a professional.
Your answer is in the link you provided.

"Research shows many borrowers in default never earned a degree and haven’t found steady wor
k."
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Old 03-14-2017, 03:49 PM
 
3,271 posts, read 2,192,454 times
Reputation: 2458
Quote:
Originally Posted by beb0p View Post
Many of the students were defrauded by institutions like the Trump University into paying very high tuition for worthless degrees.

.
Almost all students are defrauded. People are on the brink of being unemployable. The technology is already here. All it takes is widespread implementation.
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Old 03-14-2017, 03:49 PM
 
12,043 posts, read 6,581,834 times
Reputation: 13982
The majority are democrats, and democrats do not believe in following laws and rules when it inconveniences them or their political stance.
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Old 03-14-2017, 03:53 PM
 
3,271 posts, read 2,192,454 times
Reputation: 2458
This is real.


https://www.youtube.com/watch?v=7Pq-S557XQU

This is reality.

Keep talking about things that don't matter. All that racism and hatred and whatever else people are fixated on isn't going to matter much when you don't have a job.
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Old 03-14-2017, 03:53 PM
 
13,711 posts, read 9,243,235 times
Reputation: 9845
Quote:
Originally Posted by Jobster View Post
Almost all students are defrauded. People are on the brink of being unemployable. The technology is already here. All it takes is widespread implementation.

If that's the case then should have voted for Hillary, who has a job program that will train workers to adjust to the new age.

Instead of the buffoon who promised to bring jobs back to America so robots can do them.
.
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Old 03-14-2017, 03:53 PM
 
26,528 posts, read 15,102,432 times
Reputation: 14678
#1 In another thread I posted that many public universities take $1,000+ a year per student of tuition money to fund varsity athletics. After 4 years of college and making minimum payments many students are paying $7,000 in extra tuition to fund their college's sports teams once interest is factored in.

#2 Too many Americans go to college for degrees that have academic value, but aren't conducive to getting a job.....women's studies, African-American studies, American studies, social justice (yes some schools offer this as a degree now), philosophy, etc...

#3 Too many kids drop out and don't earn a degree.
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