521–530 of 848 posts
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Yes, a comic book hero did comic book hero things in a comic book hero movie. Not sure what point you think you're making.
The point is to demonstrate that if a fictional character in a work of fiction does X and it works out, that does not serve as evidence that a real person doing X will work out in reality.
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> If it's a bad bet for the bank, it must be far worse of a bet for young adults. That doesn't follow: you could graduate, get your degree, and declare bankruptcy. You're fine, your loan is gone, and the bank regrets their investment.
Back when the loans could be discharged this was not at all common, so why would it be so now?
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>All of us should be regularly lobbying our lawmakers to make student loans dischargeable by bankruptcy, just like any other loan. Why would anyone lend money to someone with zero credit history, zero income, zero collateral, zero prospects of repaying the loan for at least 4+ years, and has the ability to immediately declare bankruptcy as soon as it comes time to start paying you back? What would the free market int…
I'll go one further. Education is not an asset you can take away. Houses and cars can be foreclosed on; you can't take and resell education as a good. It either needs to be kept as a pure luxury commodity, or it needs to be valued societally and not require an individual to pay for. Even if college is 'cheaper', if it prices some people out, it can't be viewed as a necessity to be able to get a good job (not saying i…
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> Is that bad? It depends on your point of view. Should college be a trade school or should it stick to it's roots of broadening one's horizons? I found my philosophy classes quite enlightening. They were required for my degree in CogSci. If my school didn't have a philosophy major, it wouldn't have a philosophy department, and I would never have had those classes. Also, there are some majors that lead to professiona…
It brings up the old joke about being a philosophy major: "Two things to do with a Phd in Philosophy: 1. Teach. 2. Pose the question: ‘But do you know why you want fries with that?’" College is an investment that costs hundreds of thousands of dollars. When you invest that much money, you should expect a ROI. If you can't even put roof over your head or eat with that investment, then it is really hard to say it was a…
-- Bruce Lee
Disclosure: i never went to college, I went to a trade school. Colleges really only started scaring the heck out of me when I started enjoying my career. After spending a day wrenching in a garage, we'd hit miller time and head down to the Soapbox Bar and Grill. Over the span of a month or two ordering buckets and shooting pool I learned our bartender Javon had a masters in biology and his fiancee Cortisha who bussed…
> He had some massive college bills too and i didnt understand how those worked, but you cant get rid of them like you can a car loan. This is the thing that is really the most shameful and outrageous thing about the US system. Our entire K-12 educational system and our culture is set up to paint a college degree as a ticket to "the good life". Then an 18-year-old, potentially with parents who aren't great at math bu…
We've lived large since WWII. Bought new cars every few years, built the suburbs, provided quality education to a lot of people, etc. Is it all that surprising that people want to "go back" to this? For many people in the US, it was GREAT.
But it's all been at great cost. The '60s through the '90s were a time of huge debt accumulation at every level of society, from the US Treasury borrowing, to state and local governments underfunding their pensions, even down to households, with ballooning credit card balances and ever-greater levels of mortgage debt.
Now we get to pay for it. Partly that means higher taxes, so we can finally properly fund social security and medicare, and repay the literal trillions of dollars we just borrowed in the past few weeks. Partly taking better care of the environment, which let's be honest, is going to cost a ton of money.
It also means some hard choices about what we aren't going to pay for anymore. An entitlement that one should be able to study pretty much anything, for four years, with world-class experts, as a national birthright -- maybe something we can't afford? In my view, we need to start being a bit -- not a lot, just a little more -- economic and practical in how we think about education. Maybe night school or Khan Academy is a better place to study medieval history, or divinity, or any number of wholesome, life-enhancing subjects, than a four-year liberal arts college. Maybe more people should think a little harder about how their investments -- let's face it, that's what they are -- into education, will transform into marketable skills. And maybe the government should stop subsidizing all this, so that colleges will trim down what it costs so that it's actually affordable.
We can fix this, it's just going to take a while, and a lot of long, slow, not particularly newsworthy or sexy, adjustments.
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CS major graduating in June from a top 3 institution, here. Last fall, my application-to-callback rate was like 80-90+%. I had to stop applying to jobs to make my workload and interviewing manageable. My current rate is like 15-20% after I lost my full-time job. About 10% in software and engineering vs. 30% in finance.
Most of STEM degrees are not similar to CS regarding career prospects. Masters in chemistry or mathematics don't have that many entry level jobs with attractive salaries eagerly waiting for fresh grads.
My friends in earth sciences are essentially at 0% callback. Friends with identical experience to me from different schools are getting a I'm in 100% agreement with you and the other poster. There's no real silver bullet for quickly finding employment right now except the small niche of math/CS majors with good GPAs from T10 institutions applying to work in finance.
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> He had some massive college bills too and i didnt understand how those worked, but you cant get rid of them like you can a car loan. This is the thing that is really the most shameful and outrageous thing about the US system. Our entire K-12 educational system and our culture is set up to paint a college degree as a ticket to "the good life". Then an 18-year-old, potentially with parents who aren't great at math bu…
> All of us should be regularly lobbying our lawmakers to make student loans dischargeable by bankruptcy, just like any other loan. The reason they aren't dischargeable is because what bank in their right mind would give a loan to an 18 year old with no collateral? They only guarantee they get that it will be paid back is the fact that it can't be discharged. Student loans would dry up overnight if they could be disc…
So? That's the marketing evaluating what the loan is actually worth.
Bankruptcy isn't a magic "Get Out Of Jail Free" card.
Your credit is trashed at a point when you might want to get married, buy a house, start a family, etc.
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The interest rate would be very very high, as it should be. You can’t on the one hand encourage people to loan money to those who aren’t credit worthy and on the other hand bemoan the fact that people end up with loans they can’t pay back. The former policy is guaranteed to produce the latter outcome. It also artificially inflates the price colleges can (and will) charge. Allowing people to discharge education debts…
Reducing the supply for colleges isn't going to make overall college education cheaper while maintaining the same quality of education. There is certainly some waste in college budgets, but it will mostly force colleges to cut the least profitable programs. Education is a social good. We should invest in it like we do with other public services. It shouldn't need to be profited minded.
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Well, that just because it's in a movie doesn't mean it's true. Few people would get to any sort of level of understanding of that sort of material just by reading it, and just because a movie genius can do it doesn't mean it's easy. If we replaced all those examples with engineering textbooks, wouldn't it be the exact same, if it not, why? We learn he's an untrained math prodigy later on in the movie, so he doesn't…
So in order to understand something, you need to a.) and then b.) have someone tell you how to think about what you read? While paying them? You can't wrestle with deep and complex topics unless someone tells you how to think?
Again I ask, given that textbooks exist, can you make the argument that STEM is any different?
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Colleges should be shaking in their boots for the next generation, because there's going to be a whole generation of parents that suffered terrible college debt they couldn't pay off and will likely be telling their children it's just not worth it (as opposed to the previous generation that had cheap college and a great economy and pressured all their children to go for that 'guaranteed better life'). I made it throu…
Also a generation of potential parents who won't be having kids because they can't afford to, largely because of student loan and housing costs. That's already hitting - the incoming class of 2023 (matriculating 2019) is the first cohort born since 9/11, and is tiny. A number of colleges are facing bankruptcy because there just aren't enough students to go around. And it'll only get worse. Birth rates were depressed…