951–960 of 1001 posts
Zero undergraduates in 2065. You heard it here first! /j
There are three problems that colleges need to fix. 1) Skilled trades pay better than most bachelor's degree track jobs. My kids can make more money with a six month apprenticeship than they will with all but a few 4 year degrees. If you can drive a forklift, you can make $45K/yr... which is identical to what an firsty year teacher makes. 2) There are better options than college for many. One of my daughters did a si…
Im very skeptical of this post: 1. Many trades also pay like crap and have a very limited window in which you can do it. In addition many are not welcoming to women at all, regardless even if you take the highest paying trades, do they pay more than the highest paying careers that require higher education? 2. Which boot camp? How many people ended up like your daughter? How much was it? Without these facts no compari…
Your "period" makes me think about more questions, not less.
1) Will that still hold in 2070? Kids who are now 18 are likely to be working at least until then. How do the developments over time look like? Won't the increasing shortage of tradespeople drive up their compensation?
2) How does a finer division by majors look like? I would be surprised if every major out there made more money than, say, an electrician.
3) Lifetime is a very long timespan. College grads are deeply in their debt in their 20s and 30s, so they can afford starting a family less. They will be better off when they are 50, but in the meantime they possibly sacrificed a an unborn kid or two to their tuition debt. This is a nasty tradeoff.
Earlier quoted context omitted.
Plus the amount and quality of alternative learning resources is very high, at least in some fields. I know coding bootcamps get a bad rep, often justified, but at the same time my buddy went to college for a degree in HR and I went for STEM. He ended up hating HR, did a 9 week boot camp, managed to get a job, and after a few years of experience is in roughly the same place as me and is thriving. It took him a little…
It's a single anecdote, but between online resources and alternative training programs, it seems harder to justify spending tens of thousands of dollars on college. The evidence suggests that bootcamp grads struggle at finding good jobs, and also bootcamps charge a lot up-front, whereas collages have more aid and other programs to defer payment.
It’s not a panacea, but it’s a decent option when compared to going to college for 4 years, going tens of thousands of dollars into debt, all to get an education with a lot of material that is fairly irrelevant to a career, while not having much better job prospects, particularly after getting the first job in the field.
As the father of a 16-year old, I can say that the current generation of teenagers has heard a lot more about the issues of college debt than previous generations did. Partly because it's a lot higher, partly because even if newsmedia doesn't report on it, there are enough adults out there saddled with it that they just hear about it from a relative or friend. It used to be a no-brainer; you go to college if you can.…
No. Things are just going back to the way they used to be: higher education is for the elites. Once upon a time we understood that higher education was important for all and having a well-educated public was good for the Republic. Now that view no longer holds - the politicians have learned that their flim-flam doesn't work as well on a well-educated public and so they've been making cuts to higher education for the…
Looking at recent graduates are we sure that this system is truly preparing them for the realities of the real world and how to understand it.
Feels more to me that a whole generation is being scammed into paying for broken tools.
There are three problems that colleges need to fix. 1) Skilled trades pay better than most bachelor's degree track jobs. My kids can make more money with a six month apprenticeship than they will with all but a few 4 year degrees. If you can drive a forklift, you can make $45K/yr... which is identical to what an firsty year teacher makes. 2) There are better options than college for many. One of my daughters did a si…
That's too short sighted. What's the lifetime earning potential of a forklift driver vs a teacher?
Less than 3k kids under the age of 24 have died from covid since the start of the pandemic [0] yet they have some how wound up with the harshest restrictions. These kids will never get these years back. What a disgrace. [0] https://data.cdc.gov/NCHS/Provisional-COVID-19-Deaths-by-Sex...
I'm trying to imagine some other cause of death where 3000 over a couple years is regarded as acceptable. I think covid has broken people's brains, because we have gone to war, spent trillions, and sacrificed the lives of thousands of people in the US for about that size of human loss, within recent memory.
There are three problems that colleges need to fix. 1) Skilled trades pay better than most bachelor's degree track jobs. My kids can make more money with a six month apprenticeship than they will with all but a few 4 year degrees. If you can drive a forklift, you can make $45K/yr... which is identical to what an firsty year teacher makes. 2) There are better options than college for many. One of my daughters did a si…
> 2) There are better options than college for many. I agree there are better options than college for many. Thought if I were a betting man, on average, College is the better decision. > One of my daughters did a six month digital marketing bootcamp. She made $45k year one, and a year later is the director of marketing at her company making over $100k/yr. I'm curious how old she was when she completed that bootcamp,…
The real question is whether or not this path is scalable for an entire generation to successfully replicate. I suspect it's not.
Earlier quoted context omitted.
Im very skeptical of this post: 1. Many trades also pay like crap and have a very limited window in which you can do it. In addition many are not welcoming to women at all, regardless even if you take the highest paying trades, do they pay more than the highest paying careers that require higher education? 2. Which boot camp? How many people ended up like your daughter? How much was it? Without these facts no compari…
> Average College grads make more money over their lifetime, period. And yet incomes have held stagnant through the entire rise of college attainment. That contradicts the notion that there is more money to be made. Within a given population, those who are born more capable will earn more than those who are less capable. Those who are born more capable are able to go further in school and be more productive in the wo…
Cool claim, have any supporting evidence? Personally, I don’t believe that. The opportunities that you have as a result of the skills that you have can create great divergence in lifetime earnings. You’re making a pretty extraordinary claim.
Earlier quoted context omitted.
Im very skeptical of this post: 1. Many trades also pay like crap and have a very limited window in which you can do it. In addition many are not welcoming to women at all, regardless even if you take the highest paying trades, do they pay more than the highest paying careers that require higher education? 2. Which boot camp? How many people ended up like your daughter? How much was it? Without these facts no compari…
"Average College grads make more money over their lifetime, period." Your "period" makes me think about more questions, not less. 1) Will that still hold in 2070? Kids who are now 18 are likely to be working at least until then. How do the developments over time look like? Won't the increasing shortage of tradespeople drive up their compensation? 2) How does a finer division by majors look like? I would be surprised…
1. Can’t predict the future.
2. How does the finer division by non college jobs look like? Electrician is one of the top- how does it compare to a doctor accounting the medical debt?
3. Average college debt is 30k. Hardly crippling.
Earlier quoted context omitted.
Exactly, people get loans for houses and cars, and the banks make damn sure you're a good credit risk. For college loans, it's literally the opposite. Since the loans are so hard to get rid of, the only incentive is to increase the number and size of the loans. The issue is that if lenders looked at creditworthiness for college loans the way they do for mortgages, either the price of college would have to decline pre…
I've been shouting this from the rooftops at anybody who'll listen for several years. The trick to fix our college system is simply allow student loans to be discharged through bankruptcy, like any other loan. It is a simple incentive shift that changes the whole dynamic of the higher learning industry. All the problems with it that we talk about nowadays will right themselves and everything falls into place with thi…
I'm not pro-student debt, but I don't see how this is sustainable for colleges either.