91–96 of 96 posts
Earlier quoted context omitted.
Well the difference between a 3.0 and 4.4 isn't likely much, but a gpa of 1.5 would very much indicate failure to focus
If you control for IQ and conscientiousness then it's probably what classes they took, how motivated are they by school, whether they found a girlfriend they really liked that semester and decided to blow off class, founded a company, decided to teach themselves french.
> Meanwhile, some people are more than happy to spend $100,000 on a graphic design degree that may get them a job paying roughly $40,000 a year > A lot of that has to do with what Goldfarb likes to call the narrative—one that convinced kids that the only route to middle-class respectability was to get a college degree and that suggested failing to do so meant having failed at the American dream of upward mobility. To…
Is that because it's so much more difficult to get a well-paying job without a degree, or that people who are capable of getting and holding a well-paying job are disproportionately getting degrees?
If the loans are guaranteed by the government and people can't discharge them, then there is almost zero risk to the creditor. How do they justify charging interest higher than a government bond? I can see why there are rumblings of loan forgiveness, as it has metastasized into something truly horrible. https://en.wikipedia.org/wiki/Debt_bondage#Definition
Mass exploitation of a population is best done when you can advise them to act in your best interest while convincing them its in their own, and that's best done from a position of authority.
If the health of society was a primary concern then the conflicting profit motive would have been legislated out of existence, so we could maximize the benefits of an educated population for the least cost.
I strongly believe that lower cost vocational education with group housing for 18-23 year olds is part of a solution to this problem. You don't need the full college experience, but as the article mentions, getting away from home is a part of it for most.
> I strongly believe that lower cost vocational education with group housing for 18-23 year olds is part of a solution to this problem. In other words, the Army.
Putting people into massive amounts of debt in exchange for a shot at a prosperous future puts a lot of pressure on them to rake in the dough, which I fear is going to corrode the morality of those going into high-paying institutionalized positions. In effect you are looking at the upper-middle-classes of the economy starting out with a big incentive to stratify because everything they have worked for rides on being able to pay off those loans - a toxic praxis.
On the other hand, if you are a policymaker for a nation's central bank, then this might be your strategy for ensuring your workforce produces measurable value.
Earlier quoted context omitted.
I am surprised to see this comment "faded." I suppose this means you've rubbed a moderator the wrong way. Administration of this website befuddles me. At any rate, I completely agree: the wealth of the average taxpaying citizen should not be used to pay the blackmail of too-big-too-fail financial engines holding public education for ransom. Blackmailers should be arrested, tried, and sentenced to community service. T…
> I am surprised to see this comment "faded." I suppose this means you've rubbed a moderator the wrong way. Not a moderator - a reader with enough karma to be able to downvote (500 karma, IIRC).