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wjappeJun 1, 2011
So, me and my kids pay the bill for college, they don't get a decent paying job and we get stuck with high tuition fees. But the bank makes the loans and wins anyway, again.
philperspectiveJun 1, 2011
Haven't the past few years taught you that the banksters own our government?
drmangrumJun 2, 2011
Wrong again. You can thank the GOVERNMENT for high price of college. They guarantee loans so that anyone can qualify. They make it easy it to accept the loan by making it a low interest rate and deferring the payments by as much as 10 years in most cases, of course the interest is still accruing. They made money cheap. Because the money is cheap, the price of college has gone up at an astronomical rate.
You can blame the banks all you want, but it's CONGRESS that makes the rules. It's CONGRESS that guarantees the loans. If we want college to be affordable, we have to make loans more expensive. When colleges have a hard time finding students able to pay, they'll have to lower the price of classes to stay in business.Comment is buried, click here to see the rest.
unattendedpancaJun 2, 2011
Incorrect. Government intervention has very little to the rising prices of college, it really is a simple supply and demand issue now. Prices have risen with increased attendance (limited supply plus unlimited demand in basic economic equals a radical price hike.)
The reason why the "bubble" exists now is because there is an influx of new BA and BS graduates in fields that didn't necessarily need such an influx. Thus is devalues the degree, making it a paper that no longer guarantee's an entry-way into the field.
Government intervention is not the issue, the issue is just simple economics. Sorry, I know you wanted to go on your ultra-conservative spiel, but it really isn't the situation to do so, please remove the soapbox and go off to the Anthony Weiner's Wiener fest. I'm sure you have something more productive to input into that.
drmangrumJun 2, 2011
You are so wrong it's not even funny. Government intervention has everything to do with high prices. Government regulations and manipulation are to blame for nearly every bubble and burst.Comment is buried, click here to see the rest.
unattendedpancaJun 2, 2011
It is really just basic economics. Ask any high school macro/micro economics teacher, they will tell you the same thing. I can't imagine you haven't learned about this.
Limited government intervention wasn't even prevalent until the mid 90's anyways. The spike in prices started in the 70s.
According to a 2010 Pew study, college attendance has increased from 1973 by a staggering 15.6 percent. In addition, a record-high 85 percent of high school graduates are now attending college.
(http://pewsocialtrends.org/files/2010/10/college-enrollment.pdf)
According to to a 2008 price comparison by College Board, based on the CPI of 1978, cost of tuition has increased by about 3 percent. That is an increase well in line with the increased influx of students, with the tuition's cost rising one percent for every five percent increase in enrollment.
(http://professionals.collegeboard.com/profdownload/trends-in-college-pricing-2008.pdf)
In fact, if you do a quick google search, you'll find the only people blaming government intervention is, shocking, one-sided conservative commentators. Call an economist, ask them why the increase, they will present the same data that I have to you.
So, you can complain and say that I'm wrong until you are blue in the face, it doesn't change the data. You are now free to push your rhetoric else-were.
unattendedpancaJun 2, 2011
To quickly correct myself, not sure what I was thinking on it. the cost of tuition has risen 3 times, not 3 percent. So 300 percent. that would be approximately 100 percent for every 5 percent increase in attendance. Given a lowered estimate, that is an doubled increase of tuition for every extra 500,000 students.
Unregistered_CowardJun 2, 2011
Is it the banks fault you kids don't have a decent paying job? Plenty of kids go to college, earn a degree and secure great jobs.
Maybe the problem isn't the bank, it's you epectations.
xophermvJun 3, 2011
Yes, it's obviously unrealistic to expect a job upon graduation. Everyone knows that's when you move back in with mom and dad and mooch off them for the rest of your 20's.
unattendedpancaJun 3, 2011
A job is earned, not guaranteed. This is a competitive market, and it is getting more every year. A slightly average GPA and a diploma doesn't make you qualified to even be a manager at a Burger King anymore, now its all about displaying your skills and showing work experience.
ikorkyiJun 2, 2011
if you pay $20,000/year to have your kid graduate in polysci, history, english lit, or communications, for example, you deserve your fate.
the problem is college is treated as the next stage to high school - when it just isn't for all people. college should be for a specific group of people or targeted professions where trade, technology, and vocational schools are increasingly utilized as a supplement.
the bank isn't making you do anything.
betteroffedJun 2, 2011
OR maybe you shouldn't go to college without a plan to pay for it or a play to pay back the loans you borrowed?
wagedomainJun 2, 2011
It doesn't help that students these days think that student loans should pay for everything they do - food, housing, entertainment, furniture, and if there's some left over, classes.
I get mocked for having had a job in college and actually paying for stuff myself. I used my student loans for school.
meccaydnaJun 3, 2011
no kidding. You'd be one hell of an idiot to finance everyday things inside the same loan as for classes. Using credit unwisely is just too common nowadays...
wagedomainJun 3, 2011
Absolutely. I knew a guy in college who took major advantage of "student" credit cards. He would max them out and get awesome furniture, bigass TVs, throw lavish parties etc. Then not pay a dime, ever. Eventually his s**t would get repossessed and he'd start the cycle over with a new set of cards.
His philosophy? "They should stop giving me cards if they don't want me to keep doing this." There's sort of a weird sense of logic there, and I'm sure eventually the CC companies did stop giving him cards. He just felt that it wasn't "right" for him to have to work to get s**t. People should just give him stuff for free.
I'm sure now his credit is complete s**t and he's paying many times over for it. Hope he had his brief fun though!
xophermvJun 3, 2011
I had a job in school. Making minimum wage doesn't cover much when you're facing $8000 in tuition costs every six months while trying to pay for rent, electricity, food, gas, etc. You could work your ass off, but then when are you supposed to study? That doesn't work. Your grades suffer.
wagedomainJun 3, 2011
Lots of people manage it. The big problem is that the idea of "busy" is relative. I knew business majors who thought a 2 page paper due in a week was too much work for them.
The sad fact here is that most people don't want to sacrifice fun and entertainment for work and responsibility, and so massive debt gets incurred, and it's considered the societal norm.
xophermvJun 4, 2011
No, my point was that just about no one can "manage it" today. Minimum wage is $7.25/hr. If you pull 40 hours a week, 52 weeks a year, you'll make $15,080 before taxes. That's less than a year's worth of tuition. And you haven't paid rent, food, electricity, gas, etc.
Most people in college aren't going to be working in jobs which pay more than minimum wage. For one, they don't have the experience or the education. For another, classes are typically during the day. So, that means taking jobs during the evening and night. That tends to mean jobs in restaurants and bars, most of which are part time and don't even offer 40 hours per week.
But, if you do find a job working 40 hours a week at a decent wage, then that leaves little time you need for both attending class, reading, meeting study groups, working in labs, etc. Being a student is a full-time job in itself. Being a student while working 40 hours a week means you're doing two full time jobs. When someone does that, their work and their grades suffer. And, it makes them more likely to fail out of school.
meccaydnaJun 4, 2011
There's nothing wrong with credit use as long as it's done responsibly. Sometimes you do indeed need to finance classes OR something else in your life in order to make it work, but you at least have to understand that if you fiance other things such as furniture or rent, you will be paying out the ass for it in the long term.
That may or may not be workable, it's up to you. Personally I would rather live a different lifestyle but that's just me. If you did choose to do that, at the least you can't turn around and complain about how you just paid 4,000 on a damned sofa when the interest was calculated.
fertilebastardJun 2, 2011
You might want to study something that has a demand out there in the real world, perhaps engineering or health care. That sociology or psych degree might just make you qualified for a entry into the construction trades. There are only so many jobs available at the county social services department.
Jasper_donald12Jun 2, 2011
yep, bubbles are meant to be burst
Haz0Jun 2, 2011
Dodged a bullet getting a second degree in Psychology finishing Philosophy.
Community college vocational education should be the top priority for funding. Master Auto Tech in the works, holla.
betteroffedJun 2, 2011
NICE. A Master Auto Tech that is versed in Kierkegaard? f**kin' *money*.
(Not being facetious at all--I really think that's awesome. Congrats.)
vigrocoJun 1, 2011
What do you mean my liberal arts degree doesn't impart me with an entitlement to a job?
/s
novenatorJun 1, 2011Submitter
Not everything is about the muscle and bone of human society. Art, music, science, literature, and even pure research are there for a reason. Man cannot live on bread alone.
exitmindbombJun 2, 2011
The quote, "Man cannot live on bread alone..." is unfinished, misquoted and has nothing to do with "Art, music, science, literature, and even pure research..." The actual meaning of that quote goes a lot deeper than all that. Here's the actual context, Luke 4:4 "...man shall not live by bread alone, but by every word of God."
Just sayin..
Unregistered_CowardJun 2, 2011
You're right Novie, society needs it's hand maidens.
xophermvJun 3, 2011
The purpose of college is to provide an education, not a job.
TheMightyZordonJun 4, 2011
Well said. What's more, getting tech degrees or degrees in auto mechanics or some other 'practical' field doesn't really count as 'educated'. It means you have a skillset, perhaps one that is valued. Being educated means having an understanding of history, less 'practical' sciences, humanities in general, etc.
woodsjransomJun 1, 2011
Go back to school and get an advanced degree. That is what a lot of the kids are doing.
drmangrumJun 2, 2011
And then they find they're over-qualified or well-educated but have no real world experience. They're true reward for getting an advanced degree without having job experience is an even larger college debt and few job opportunities.
Unregistered_CowardJun 2, 2011
Horse-s**t. There is no such thing as being too educated. When you fill out an application or write a resume, you write what the employer wants to hear.
drmangrumJun 2, 2011
You need to learn a few things about the real world. Employers disqualify the inexperienced and over-educated all the time. They aren't going to pay the rates of a person with an advanced degree when they haven't proven they can do the job outside of academia.
Unregistered_CowardJun 2, 2011
No, employers disqualify people who don't meet their requirements.
If you apply for an entry level engineering job under the assumption that your Masters in Engineering is going to garner you a higher introductory salary than that's your mistake.
TheMightyZordonJun 4, 2011
I see. So, you basically lie to the employer, then.
How about keeping the damn employers from being able to reject people on the unspoken basis of being 'overqualified'?
woodsjransomJun 2, 2011
Stick around I will let you know, so far what you are saying is not true. IN MY FAMILY there are quite a few relatives (24 - 32 age range) and they have gotten advanced degrees in the last 3 years and it is not true. I think it depends on what field you go in. My daughter is about to go to grad school. She interned at the FDA for undergrad and they are working with her currently about working for them as she attends grad school.
meccaydnaJun 3, 2011
There's a tradeoff between them. Nobody wants to hire a recent graduate with NO experience but that's much much better than someone that can't get his/her crap together to actually obtain a degree in something they supposedly have experience doing. As someone who has looked for unskilled employees before (manufacturing field), I look for people that have the required interest to learn and figure things out more than experience OR a degree.
TheMightyZordonJun 4, 2011
That is supposedly true in a lot of cases. The general thinking is 'it's better to have a degree than to not have one', because a degree represents a certain amount of hard work and study, which reflects well upon a person.
duncan202Jun 2, 2011
Society doesn't owe you the job you want. Just because you go to school to be a (insert dream job), the rest of us are not obligated to provide it.
sweetaashiJun 2, 2011
i hope not too soon...
printdesignerdotcaJun 4, 2011
College is a business out to make money. High school grads need to make more educated decisions when choosing what to study. Some courses are useless in today's economy and should not be offered. It is some what of a scam by Colleges giving false promise of employment in my opinion.