171–180 of 259 posts
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The doctors in my family all graduated from med school with less than 20k total student loan debt. School was much cheaper 30 years ago
Adjusted for inflation: $20,000 in 1988 → $42,601.69 in 2018
The U.S. would do itself a huge favour by allowing student debt to be bankruptable. College prices can rise infinitely because there is an unlimited supply of AAA+ debt to feed it. Drop that rating to reality and investors don't buy the debt, loans don't get originated, demand for college at $250k dries up.
Used to be. Doctors and lawyers would go through a decade of school on loan and then discharge it all and start a lucrative practice. That's part of how we got here.
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And why is it a college's "job" to have a medic for emergencies? Isn't that what emergency rooms are for, along with ambulances? It seems as if your opinion is that a college should have a baseline minimum for protecting students. Some think that minimum should encompass mental health, or financial education.
Are you being serious? Ambulances cannot arrive before in house medics. There are many cases where someone could have been saved if cpr or bandaging started before the ambulance arrived. I don't know of any case where someone was so suicidal that they needed to talk to someone (and wanted to) immediately or else they would commit suicide. Psychiatry and financial education is not an emergency service that is needed i…
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Or instead, like most other advanced societies, we could stop trying to quantify higher education in purely personal economic return on investment grounds and consider an educated populace a public good.
Already done. Education is considered a public good. That is why K-12 education is paid for in the US. As far as a higher degree, the landscapers working across the street probably would not benefit from getting a degree and I do not see how the public would benefit from paying for a degree for those guys either. There are a significant number of jobs out there that would not benefit from people getting a degree. The…
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As someone who spent a number of years doing free tutoring for CS classes (i.e. the kind where you can't choose who is coming in to see you), I strongly disagree with this. Yes, there were students who started and ended the quarter hopelessly overwhelmed. But there were also students who through determination and hard work and lots and lots of help managed to dig themselves out of that hole. Many of those students wo…
> "If you mean to say that they succeed because of their willingness to ask for (and make use of) help, then sure." Yes, this is exactly what I mean. Success often requires asking for help. Countless times I tried to help students that really didn't seem to care too much, they just wanted to get through the class. (it was required for the degree) But I regretted splitting my time equally with people that just wanted…
I think this is an example of why college isn't for everyone; and if it is for everyone, not all at the same time.
These people are literally there because they're scared (or, rather ingrained) to think about where else they should be.
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All of the above are great screens for wealth. Interesting coincidence.
Parental income and educational achievments of children are almost perfectly correlated up until some very high wealth #. https://economix.blogs.nytimes.com/2009/08/27/sat-scores-and...
And last I checked, there is a strong correlation between maternal educational achievement and child educational achievement even after controlling for various things including wealth. The correlation with paternal achievement when controlling for other factors is much lower.
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Where are you getting this information from? Because nothing I am able to see points to people discharging their loans happening on a massive scale. The only "news article" [1] I can find that references this mentions 0.3% of student loans were discharged through bankruptcy in 1977 [2]. [1] https://www.linkedin.com/pulse/history-student-loans-bankrup... [2] http://harvardlawreview.org/wp-content/uploads/pdfs/vol126_s…
Some time ago I was dating an American med student - filing bankruptcy was basically her plan once she is done with studies and residence. She mentioned it's fine to take a hit for ~7 years as she won't be earning much during that time period, and then it should pick up quickly.
Eh, even most normal colleges are pretty honest in their ads compared to game design ones: https://www.youtube.com/watch?v=kAFLfx3mvIg https://www.youtube.com/watch?v=BRWvfMLl4ho But seriously, the fact of the matter is: 1. Too many people go to college, so its original value (as a status indicator) is now virtually non existent 2. It's too expensive, so unless a good job is a near guaranteed outcome, people will lad…
> "Too many people go to college" This is complete claptrap, would you also say "Too many people go to secondary school"? How about "Too many people go to elementary"? There is vast value in an educated workforce and "too many" is a nonsense reason for why university level education shouldn't be available for all.
If education was the main motivation for college rather then trying to prove to employers you are a more competitive employee then your peers, I feel the system would look a lot different and not have nearly the same balooning cost problem.
The U.S. would do itself a huge favour by allowing student debt to be bankruptable. College prices can rise infinitely because there is an unlimited supply of AAA+ debt to feed it. Drop that rating to reality and investors don't buy the debt, loans don't get originated, demand for college at $250k dries up.
Who is going to lend tens of thousands of dollars to an 18 year old with no income, no assets, and no credit?
The concept of everyone should go to college is extremely Boomer; they're dying off and their beliefs are dying off with them. Likewise just wait until "Real estate only goes up!" dies out. Or watching TV pro sports being taken seriously as a hobby. Then you factor in demographic replacement; if most young kids are not native, they will not have legacy native beliefs. It doesn't matter what white hippies held dear in 1970, if a significant fraction of the kids are not legacy demographic. Demographic elimination means cultural elimination and nothing says "white boomer" quite like "Everybody gotta go to college"
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> Those that won't or can't, no school can help them. Isn't that the complete opposite to what teaching is about? Have you considered that maybe this isn't a problem with the students but a problem with society and the very problem with the education institutions and teachers like you that are just basically feeding on them? It's far easier (and economically viable in a shortsighted way) to blame students for their s…
Have you ever worked in academia? The humanities are a day care and delayed adulthood for those who would be better suited doing anything else with their time aside from one or two students in every classroom of ~40. For context, I left to work in the private sector with people who give a damn.