You know that comparing China and India to the US is really like comparing apples and oranges.![]()
I expect college prices are going to come down pretty hard soon.
College costs are so high for many reasons, fancy new dorms and buildings ALL THE TIME, over paid tenured profs who take 2 semesters off from teaching to do BS research, etc...
The student aid credit market is tightening up, the job market sucks, and students are becoming better consumers, they're not going to subsidize these bloated schools any more.
Basically the law of supply and demand has been absent from higher education for about 20 years now, with the bad job market and tightening credit, there's going to be a huge correction coming.
Education opens a door. It is up to you to walk through it.
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Yeah, I don't really see the cost actually being the professors. At least not the increased cost.
Careers that you NEED a degree for are on their way out, and rightly so.
Did you have someone decent pointing you in that direction or just where your interests lay? Looks like a lot don't get a "do over" if they mess up their 1st time around, like the 4 year history majors flipping burgers.
College is a fucking joke and waste of time.
Make a method that will allow people to remove student loan debt via bankruptcy and a lot of issues clear up.
I don't know exactly how to work it but something along the lines of if five years after granting the degree you will not be able to pay off the entire principal within 20 years with X% of your income you are eligible to declare bankruptcy. In addition to the credit impact of bankruptcy you lose the degree and the school eats the bill if it was a federal loan (the bank eats it on private).
You want to go to a private school at $40k/year to study literature, go ahead. But getting a loan to do that should be difficult.
But that idea has a host of issues.
It just seems the biggest issue is that you make a decision that will financially burden you for 30 years when you are not nearly qualified to make that kind of decision.
silverpig goes back in time 2 years with new law
silverpig takes out big loan for MBA
silverpig declares bankruptcy
silverpig marries wife
silverpig makes good money with MBA to pay off mortgage in wife's name
...
profit
There was a reason the legislation about bankruptcy comes in regarding student debt. It was too easy to get out of student loans. Even for a single person, you get out of your loans and you've got a bankruptcy on your record until you're 30. During that time you front $2k for a collateralized CC and you just rent.
Bankruptcy exists for other things because usually the bank can take the car or house you own. Yeah they lose out, but at least there's something.
If the government eats your student loan, maybe you should have to forfeit your degree?
My stance on college is well known. Well, probably not actually...
College is a scam. There are very few benefits that make it worth the time or money (access to special equipment and labs, for one). Classroom learning as a whole is ridiculously useless to begin with. Same for test taking.
A lot of careers don't even require a degree anymore, they just want proof that you can do the work. To be a financial adviser all you need to do is get licenses. To be a programmer you just need to prove you can write code. To be a computer animator, or any kind of artist really, you just need a portfolio proving you can do it. That's it. Careers that you NEED a degree for are on their way out, and rightly so.
I know four people personally that have degrees that they aren't using. One is a mid-level retail employee, one works a random desk job, and the other two are Gamestop store managers (their degrees were not management).
College is a fucking joke and waste of time.
I'm taking classes now working towards the degree my employer wants me to have. I just finished my homework. They actually asked this question: "On a enhanced keyboard, how many windows keys are present?"
That is fucking college level?? What a fucking waste of my employers money.
I'm taking classes now working towards the degree my employer wants me to have. I just finished my homework. They actually asked this question: "On a enhanced keyboard, how many windows keys are present?"
That is fucking college level?? What a fucking waste of my employers money.
College isn't completely useless. I went to a state school and got a reasonably useful degree, then went to a graduate school and got a degree that's a lot more useful.
