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The Student Debt Problem Is Worse Than We Imagined

nytimes.com

71–80 of 374 posts

Re: The Student Debt Problem Is Worse Than We Imagined

#71
post #2

Reminder: Your future employers care more about side projects and experience than some writing on a piece of paper. You don't need to go to college to be a kick ass programmer.

For a Silicon Valley startup, sure. Most companies outside SV won't look at your resume with some form of CS or SE degree.

Re: The Student Debt Problem Is Worse Than We Imagined

#72

It's a damn shame we've let this crisis reach this scale. Along with healthcare, climate change, the debt, our inauguration, and so on, we've been essentially frozen for most of my life as politicians concern themselves more so with existential power struggle. The right wants to bring us back to the gilded age, the left makes headlines but is barely relevant, and the center is trying to squeeze bandaid solutions whil…

> "as politicians concern themselves more so with existential power struggle"

I've been watching The Vietnam War documentary. Nothing angers me more than hearing Presidentsspeak about "re-election" in the same sentences as they speak about mass casualty campaigns as if it's one of the primary strategic considerations of a war that kills hundreds of thousands.

Politicians who have insulated themselves from the effects of the economy, the same way they insulate themselves from the effects of war, will be forever out of touch and therefore incapable of properly representing their people.

Was it the Abrams Doctrine, I think, that described the purpose of Total War being that decision makers think twice because its their children, their constituencies, their local, State, and Federal economies that pay the price of war? Maybe the same concept needs to exist for education, healthcare, and climate change. Not that Total War exists anymore...

Re: The Student Debt Problem Is Worse Than We Imagined

#73

It's a damn shame we've let this crisis reach this scale. Along with healthcare, climate change, the debt, our inauguration, and so on, we've been essentially frozen for most of my life as politicians concern themselves more so with existential power struggle. The right wants to bring us back to the gilded age, the left makes headlines but is barely relevant, and the center is trying to squeeze bandaid solutions whil…

And what if one political party loses by 4 points when voters have a college degree and loses by 21 points when voters have a postgraduate degree? [0]

The controversy is that one political party wants education to be difficult to obtain.

[0] https://en.wikipedia.org/wiki/United_States_presidential_ele...

Re: The Student Debt Problem Is Worse Than We Imagined

#74

It's a damn shame we've let this crisis reach this scale. Along with healthcare, climate change, the debt, our inauguration, and so on, we've been essentially frozen for most of my life as politicians concern themselves more so with existential power struggle. The right wants to bring us back to the gilded age, the left makes headlines but is barely relevant, and the center is trying to squeeze bandaid solutions whil…

With PAYE and IBR, why does anyone default?

Re: The Student Debt Problem Is Worse Than We Imagined

#75
post #34

It's a damn shame we've let this crisis reach this scale. Along with healthcare, climate change, the debt, our inauguration, and so on, we've been essentially frozen for most of my life as politicians concern themselves more so with existential power struggle. The right wants to bring us back to the gilded age, the left makes headlines but is barely relevant, and the center is trying to squeeze bandaid solutions whil…

I must say, as someone who made quite a few sacrifices to pay off my school debt, I'll be pretty miffed if less responsible people from my same generation get a break on their loans.

If someone majored in a degree that didn’t have great career prospects, should they suffer for that?

Is college only for job training, or is it for something a little different?

I’m not criticizing your viewpoint; as another commenter said, I understand some of the reasons you may hold this view. However, I do not feel that people who majored in, say, English - against their own likely knowledge that it would be difficult to find a job applying the skills they learned directly in search of a job - should suffer because of the debt they incurred. But I also think they should continue to get training in an area that is needed, or work at something for which they are already qualified.

Re: The Student Debt Problem Is Worse Than We Imagined

#76
post #31

You used to be able to apprentice for just about any profession at all, often earning money while doing so. Perhaps social norms need to adjust and bring back apprenticeship. Perhaps we are on that course now having reached the tipping point of student loan debt and with the death of the 4 year degree. Education is free (MIT has free courses, and there are lots of opportunities nowadays for self-study); it's a degree…

Not really apprenticeship's tended to be only for skilled trades and technicians and where designed for the working class kids who left school at 14-16

Not sure degrading the status of the "professional" jobs we do is going to help even more so now that Walmart and co are taking the piss by abusing apprenticeship's to get cheap shelfstackers.

In some countries used to be all but impossible for those on the apprentice track to go to university at all (Germany and Austria for example)

Re: The Student Debt Problem Is Worse Than We Imagined

#79

Perspective (anecdote) from a high school student: There is a real push for college. It's an unstated assumption that you're going to go, and the topic of debt seems to be passively avoided ("Don't worry, it'll all work out!"). We receive a grade for the college application process, so you can't not apply. College is still probably a good deal the majority of the time I think, but I wish there was some acknowledgemen…

There is a high school class dedicated to applying to college, with the “final project” being that you applied somewhere? Wow... this is surprising to me!

Can you apply to any school, including trade schools for, say, welding?

Re: The Student Debt Problem Is Worse Than We Imagined

#80
post #34

Earlier quoted context omitted.

I must say, as someone who made quite a few sacrifices to pay off my school debt, I'll be pretty miffed if less responsible people from my same generation get a break on their loans.

Somebody getting a break doesn’t bring you down, it just brings them up. I’m sorry you had to pay off your loans. I’m paying about $100,000 myself. But even if I didn’t get amnesty, I’d rather not have one more graduate who, like me, has sincerely considered whether simply being dead would be easier to deal with. And there are a lot of people like that. I’d rather be in debt forever if it means that subsequent multit…

well, the relative distance is usually more important than the absolute value

your are rich, compared to other, not in the absolute, if you have 1 million dollars, and everyone else have one million dollars, you are not rich

one way not to punish those who acted responsibility, is by bumping up their credit score, this way, they can get deals on mortgages etc ..., and those who were bailed out, should get their credit score neither penalized or bumped

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