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USC pushed a $115k online degree – graduates got low salaries, huge debts

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11–20 of 261 posts

Re: USC pushed a $115k online degree – graduates got low salaries, huge debts

#11

That's a great way to tarnish all USC alumni. I hope they give the school an earful for this disgusting practice.

I don't know that USC was that prestigious outside of the sports/marching band arenas. But charging the same price for online is horrible. Honestly, though, it says a lot about CSUs that you can go there, borrow two thirds less, and still make more money than a USC grad.

Re: USC pushed a $115k online degree – graduates got low salaries, huge debts

#12
post #5

Colleges have been quietly expanding the last 10-15 years with programs like these. They do it discreetly, sometimes with different campuses across town or simply online. From what I've seen, they may be an entirely separate school so as to not be reported on the same way (a 7% acceptance rate and high job placement rates at blue chip firms makes a difference when the major currency of universities is prestige), sinc…

OTOH, you have schools like (the actual) Georgia Tech offering an online MS in CS for an affordable price: https://omscs.gatech.edu/

Re: USC pushed a $115k online degree – graduates got low salaries, huge debts

#13
Cheapest online US regional accreditation is WGU, which you can do at own pace so if you know calculus you can just write the exam. UK open u is probably the next cheapest but not by much. UoP is on regional accreditation path but only national right now.

Everything else is going to be min $40k bachelor or $20k+ Masters but even Arizona pricey online deg is cheaper than this article or Florida U, both have real curriculum not extension school shenanigans

Re: USC pushed a $115k online degree – graduates got low salaries, huge debts

#14
post #11

That's a great way to tarnish all USC alumni. I hope they give the school an earful for this disgusting practice.

I don't know that USC was that prestigious outside of the sports/marching band arenas. But charging the same price for online is horrible. Honestly, though, it says a lot about CSUs that you can go there, borrow two thirds less, and still make more money than a USC grad.

Their film school is ostensibly great, turning out directors such as Judd Apatow and George Lucas

Re: USC pushed a $115k online degree – graduates got low salaries, huge debts

#15
post #5

Colleges have been quietly expanding the last 10-15 years with programs like these. They do it discreetly, sometimes with different campuses across town or simply online. From what I've seen, they may be an entirely separate school so as to not be reported on the same way (a 7% acceptance rate and high job placement rates at blue chip firms makes a difference when the major currency of universities is prestige), sinc…

Indeed, I've seen Oxford pushing some Blockchain quickie courses. It seems like a double cross: smart people are not going to think it's the same as an Oxford degree (I'm biased on this but...) but you can still milk a few people for some money, in exchange for the brand.

I'm not sure in the long run the institution wins. As you do more and more of these courses your marketing gets more and more obvious. Social media feeds, that sort of thing. You don't want to be that school that sells diplomas.

Re: USC pushed a $115k online degree – graduates got low salaries, huge debts

#17

And almost all got loans backed by the US government that they won’t be able to repay and will fall on the US taxpayer to cover. Essentially USC bilked the US taxpayers out of millions, with these poor students serving as the unfortunate middlemen. Solution: make the universities have some skin the game - cover 20% of the principal on defaulted loans.

Given the price inelasticity of college, the money to cover these defaults would probably just come from other students. They'd just hike tuition to cover the risk.

A much better solution is to revoke the ability of students at specific schools/programs to qualify for federal student loans if the outcomes of the program are poor. Turn off the spigot of money, and they will cleanup their act really quickly.

Re: USC pushed a $115k online degree – graduates got low salaries, huge debts

#18

And almost all got loans backed by the US government that they won’t be able to repay and will fall on the US taxpayer to cover. Essentially USC bilked the US taxpayers out of millions, with these poor students serving as the unfortunate middlemen. Solution: make the universities have some skin the game - cover 20% of the principal on defaulted loans.

US Government gets paid back also through tax revenues on the salaries of the school, salaries of studends, expenditures of the schools to US based companies, etc.

It might still be favorable for the US Tax Payer even if these loans end up un-paid.

Re: USC pushed a $115k online degree – graduates got low salaries, huge debts

#19

Cheapest online US regional accreditation is WGU, which you can do at own pace so if you know calculus you can just write the exam. UK open u is probably the next cheapest but not by much. UoP is on regional accreditation path but only national right now. Everything else is going to be min $40k bachelor or $20k+ Masters but even Arizona pricey online deg is cheaper than this article or Florida U, both have real curri…

I'm going to take a minute to plug WGU I got my undergrad and grad from there and it is fantastic. I would recommend it for anyone that is already working and needs a piece of paper.

They work on a competency based model where you either take a test, or do a project/paper (or both) for the class to pass it. If it takes you 3 weeks to study and pass the test it takes 3 weeks, if it takes 2 days you can pass the class in 2 days. The major benefit though is that you pay a flat price for a semester and then you can do as many credits as you want in that semester for a flat fee, so if you want you can get 24 credits done in one semester.

Additionally this isn't an ITT Tech or DeVrye type scam where they just push you through, a lot of the classes are based around industry certs as the final test for the class, and they give a through grounding in a lot of areas.

The flip side is they are very focused on practical job skills and not so much theory, I personally think it results in a more well rounded engineering student who is able to work in Networking, Software Development or Systems Admin reasonably competently.

Again I am a fun I recommend it, I wish everyone would start doing it because I think it is a game changer. Feel free to AMA if you have more questions about it.

Re: USC pushed a $115k online degree – graduates got low salaries, huge debts

#20
not to be too cold about the real people hurt by the mischaracterization, but...

My local ferrari dealership basically implies my life will be perfect (all the pretty women will fawn over me!!) if I just buy one of their cars. America made these institutions into for profit companies. We have to stop giving them the goodwill we'd afford to altruistic/idealistic academic institutions.

Yes USC has a "not for profit" label, but just because the label says "water" doesn't mean there isn't gasoline in that bottle -- use some common sense and call a bird a duck by it's quack.

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