221–230 of 436 posts
The article talks a lot about debt with no mention of the income supporting it, which is a glaring oversight for any kind of financial analysis. All I can find quickly are median real numbers through 2015. It's not pretty. https://en.wikipedia.org/wiki/Household_income_in_the_United...
Yes, the student debt growth is unsustainable. It's up 10x in a bit over 10 years. Unbelievable!! There are only three things whose relative cost has gone up in the past 40 years: education, health care, and housing. It's also amazing to me is that total household debt is 12.5 trillion, while the federal debt is just about $20 trillion. In $12.5 trillion so many people have gotten an education and own a home. What ex…
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I don't know, maybe it's different now, but my generation (went to school in the mid 90s) was not told to "just go to the best college no matter what": We were also advised to consider the cost and carefully choose a major so as to produce a positive expected ROI. Obviously nobody has a crystal ball and you can never tell when huge, industry-wrecking changes are coming, but it was well understood that majoring in Und…
> not told to "just go to the best college no matter what" > majoring in Underwater Basket Weaving was not a great idea from a financial point of view I've met many people in places like McKinsey or Goldman Sachs (i.e. "elite" high paying jobs) with degrees from Oxford or Cambridge in Philosophy, English, Arch & Ant or Theology (in "decreasing usefulness"). Many more than, say, graduates in accounting or business adm…
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This is a gross oversimplification of a much more complicated issue. Even if this was all affordable, it doesn't take into account any second order effects. For example, European GDP per capita is typically ~75% that of the US GDP per capita. Have you ever considered the possibility that the tax regimes of European economies might be a contributing factor to this? Or have you considered what differences in attendance…
France offers admission to most normal universities without any exam or grade evaluating and a 300€ tuition per year.
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> not told to "just go to the best college no matter what" > majoring in Underwater Basket Weaving was not a great idea from a financial point of view I've met many people in places like McKinsey or Goldman Sachs (i.e. "elite" high paying jobs) with degrees from Oxford or Cambridge in Philosophy, English, Arch & Ant or Theology (in "decreasing usefulness"). Many more than, say, graduates in accounting or business adm…
Please don't use code blocks like this. They force horizontal scrolling for long lines which makes your list of points very difficult to read (if not impossible on mobile).
I don't know if it's a "bubble" (I am not qualified to say that), but I can't imagine that the current trend with student loans will continue. Looking at the numbers for someone entering college in 2017, it feels nearly predatory what a good portion of private and out of state colleges are charging. Even with financial aid, $30-40k a year for 4-5 years is insane. I was fortunate enough to have parents who made saving…
It sure feels like a bubble to me. I don't know how many friends I have with six figures of student loans and no career, but it's a lot. Considering that those loans don't even go away with bankruptcy, it's waaaay too many. I've noticed that younger students are starting to realize how much risk there is in something like that and shy away when my generation didn't. Maybe it's that I grew up in a "striving" middle cl…
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I can't argue with #3 - some MOOC graders are particularly terrible, too. However, there's nothing to stop a person studying just as many topics/subjects online, and to cover them in about as much depth.
I agree. However, there's not a good way to compare apples to apples like there is with a university education. Maybe that's the next step: having these MOOCs come up with some competing standards...
I think a standard in terms of grading would be a huge win.
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Going to college without debt is not always possible. I tried everything to get scholarships to no avail. Picking a major with a good ROI is definitely possible. Assuming everyone can do what you did is foolish because there's not physically enough scholarships to go around. There's probably a much greater number of people equally puzzled why they have to go to community college because they couldn't get a scholarshi…
I think his point was that he went to a college he could afford. It's true that not everyone can get scholarships to pay for their entire education. But no one has to pay $40k+/year in tuition to get a good education.
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Please don't use code blocks like this. They force horizontal scrolling for long lines which makes your list of points very difficult to read (if not impossible on mobile).
Is there a better way to create a bullet list on HN? I googled and found this. Still time to edit.
- I find that just using a hyphen or asterisk for the bullet
- and two newlines to separate items works well enough.
There isn't any specific formatting that will be rendered as an html list.
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Please don't use code blocks like this. They force horizontal scrolling for long lines which makes your list of points very difficult to read (if not impossible on mobile).
Is there a better way to create a bullet list on HN? I googled and found this. Still time to edit.
