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Public College Tuition: should it be free? (1 Viewer)

so it's the parents that have crippling debt, not the graduates?
Both
is 26k over 20 years at a historically low tax deductible interest rate really that bad? I think the bad part is that these poor misguided souls choose majors that are almost unemployable.
There's not a single degree that makes someone 'unemployable'. The degree alone opens doors in completely unrelated fields.
I think you know what I mean. 30k in loans with an art history degree is a world of difference than 30k in with a computer science degree.

 
Also, the "student loan crisis" story is almost entirely an urban legend.
This is partly why I think we have a long way to go until the tuition bubble bursts. I think the tuition bubble will eventually burst not because of these types of levels of student loan debt (which are manageable). The bubble will eventually burst because (1) younger generations are having fewer children and (2) the economy isn't strong enough to where as many people will be able to send their kids to college. I think it's great that you and Rustycolts will be able to put your kids/grandkids through college, that is a wonderful way to support your kids. But as the price of college continues to rise, fewer and fewer people are going to have the means to do that 20 years from now. Factor in that there's fewer people in the college market and I think you've got a recipe for disaster.

I know that's not at all what you were getting at, I'm just kinda spouting off here.
If the price increases are more inline with general inflation which I feel has started to become the case as public pressure has mounted, it may never burst. Doesn't #1 go against your point of the bubble eventually bursting? Less kids means less the available money needs to be split up meaning the more you can afford for each kid.
True, but it also means less students entering college. Maybe we start seeing US universities competing more for international applicants? :shrug:

 
so it's the parents that have crippling debt, not the graduates?
Both
is 26k over 20 years at a historically low tax deductible interest rate really that bad? I think the bad part is that these poor misguided souls choose majors that are almost unemployable.
There's not a single degree that makes someone 'unemployable'. The degree alone opens doors in completely unrelated fields.
I think you know what I mean. 30k in loans with an art history degree is a world of difference than 30k in with a computer science degree.
Sure, but a lot of people's brains don't work in a computer science, engineering way. I think there has to be a way to funnel people towards things they will excell at. Agree there are probably some vocations that we put a premium on, but we dont want to discourage people who have a passion for history or the arts from pursuing that. Another great way to decrease the quality of our teachers.

 
How many here work trade jobs?
I worked 5 years as a licensed contractor. Had an opportunity to go into HVAC sales. Took it, and now do HVAC marketing. I do have a college degree in marketing.

Looking back at my life, the work I've enjoyed the most was when I was a contractor. If I had to do it all over again, I would be an electrician. Love that kind of work, and if I had gone that route right out of high school I would be at a similar wage scale right now but with a lot less work related stress.

All I can do for my kids is give them options. Help them do a lot of different things when they are young and see where life takes them. But trade school will definitely be one of those options we talk about.
Right,

the frustrating part is since forever it seems the "options" we lay on our kids is "you're an idiot failure if you have to settle for a trade school"
Electrician would be the best trade to get into. They have it pretty easy comparied to most of the trades.
The good ones, maybe. The bad ones get shocked a lot.

 
How many here work trade jobs?
I worked 5 years as a licensed contractor. Had an opportunity to go into HVAC sales. Took it, and now do HVAC marketing. I do have a college degree in marketing.

Looking back at my life, the work I've enjoyed the most was when I was a contractor. If I had to do it all over again, I would be an electrician. Love that kind of work, and if I had gone that route right out of high school I would be at a similar wage scale right now but with a lot less work related stress.

All I can do for my kids is give them options. Help them do a lot of different things when they are young and see where life takes them. But trade school will definitely be one of those options we talk about.
Right,

the frustrating part is since forever it seems the "options" we lay on our kids is "you're an idiot failure if you have to settle for a trade school"
Electrician would be the best trade to get into. They have it pretty easy comparied to most of the trades.
The good ones, maybe. The bad ones get shocked a lot.
:shrug: . You work in any of the construction type trades there is going to be days of pain and blood.

 
rustycolts said:
FreeBaGeL said:
rustycolts said:
My grand daughter is 14 and very intelligent she has a 3.8 gpa .I told her if she could maintain at least a 3.5 until she graduated I would give her my Challenger.It wouldn't be a gift it would be because she worked hard for it and earned it. I also told her if she wanted to go to college I would go back to work and if I had to I would work 3 jobs so she could go where she wanted to go.The one thing that never entered my mind was maybe the government would pay for it and to be honest I wouldn't want it to. I guess it just depends on the mind set of different individuals.
And some people's grandfather is a crack addicted misogynist that beat the kid's mother into a depressed life of alcoholism. What about their grand-kid?

Btw, sounds like quite the handout you're planning for your grand daughter. What an entitled, spoiled little leach she is to get that.
Again to maintain a 3.5 gpa through middle school and high school is quite an achievement and you have to work hard to get there so she earned it. Hey but thanks for your input you sound like a very enlightened individual.
And you don't think that a lot of the other kids this bill would help are working hard?

The AVERAGE gpa of incoming freshman at the University of Florida is a 4.3. All of the top 100 public universities have an average incoming GPA above 3.5. These are mostly big schools with totall enrollments in the 40,000 - 60,000 range each year. The average among ALL public universities, including the lowest of the low, is 3.11.

There are literally millions of kids going off to college every year with a GPA of 3.5 or better throughout their schooling career, who have by your own definition worked hard to get there, and who will be rewarded for that hard work with piles of debt.

Your grand daughter's achievements are not unique. Her GPA is very much average among people going to college and she's very much lumped in with that group that conservatives such as yourself would slander as "entitled" because they're not OK quietly being taken advantage of by huge institutions that have broken their right to an affordable education.

 
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It's arguable that too many people go to college as it is. Subsidizing it even more would make the problem worse.

It's also arguable that we shouldn't make people who don't go to college pay for the educations of people who do go to college. That's super regressive.

College costs way too much. It sucks for students, and it's a real problem. But the solution, IMO, is not hiding the cost by covering it up with subsidies. It's reducing the actual resources spent per student -- which is way more difficult, but who said efficiently organizing society was easy?

 
rustycolts said:
FreeBaGeL said:
rustycolts said:
My grand daughter is 14 and very intelligent she has a 3.8 gpa .I told her if she could maintain at least a 3.5 until she graduated I would give her my Challenger.It wouldn't be a gift it would be because she worked hard for it and earned it. I also told her if she wanted to go to college I would go back to work and if I had to I would work 3 jobs so she could go where she wanted to go.The one thing that never entered my mind was maybe the government would pay for it and to be honest I wouldn't want it to. I guess it just depends on the mind set of different individuals.
And some people's grandfather is a crack addicted misogynist that beat the kid's mother into a depressed life of alcoholism. What about their grand-kid?

Btw, sounds like quite the handout you're planning for your grand daughter. What an entitled, spoiled little leach she is to get that.
Again to maintain a 3.5 gpa through middle school and high school is quite an achievement and you have to work hard to get there so she earned it. Hey but thanks for your input you sound like a very enlightened individual.
And you don't think that a lot of the other kids this bill would help are working hard?

The AVERAGE gpa of incoming freshman at the University of Florida is a 4.3. All of the top 100 public universities have an average incoming GPA above 3.5. These are mostly big schools with totall enrollments in the 40,000 - 60,000 range each year. The average among ALL public universities, including the lowest of the low, is 3.11.

There are literally millions of kids going off to college every year with a GPA of 3.5 or better throughout their schooling career, who have by your own definition worked hard to get there, and who will be rewarded for that hard work with piles of debt.

Your grand daughter's achievements are not unique. Her GPA is very much average among people going to college and she's very much lumped in with that group that conservatives such as yourself would slander as "entitled" because they're not OK quietly being taken advantage of by huge institutions that have broken their right to an affordable education.
Can you please tell me where this "right" to an affordable education is? And while you're at it, can you define affordable?

 
IvanKaramazov said:
Also, the "student loan crisis" story is almost entirely an urban legend.

The average balance of outstanding student loan debt for households with some debt was $25,700. The median debt was $13,000, and seventy-five percent of borrowers had less than $29,000. These burdens are relatively modest given the annual earnings of these households. The average annual wage earnings among this population was $71,700.
http://www.brookings.edu/research/papers/2014/06/19-typical-student-loan-debt-akers

Those data are from 2010, but the same general idea holds today. A tiny number of people have six-figure student loans, which skews the mean and disguises the fact that the median level of debt is much lower. And that's just for the people who actually have debt -- if you include the folks who graduate debt-free, both of those numbers shrink substantially.
Correct. Most top private schools don't even give student loans. They give a grant and possibly a work study program. They just use the EFC calculated from the government and then use endowment money and give the grant. For my kids, it essentially made a top private school the same cost as the in-state public university.

 
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It seems to me that a country would benefit from educating it's citizens. Thus, it stands to reason that a country that makes it a hardship to get that education will suffer the consequences.

 
There are too many bs universities that are scams. I had a friend that worked for U of Phoenix as an advisor. He said he felt terrible because he knew most of the people signing up had no idea of the financial implications they were getting into. They would hold your hand through the entire process to make sure you got the loans, sent in paperwork, etc.

 
rustycolts said:
FreeBaGeL said:
rustycolts said:
My grand daughter is 14 and very intelligent she has a 3.8 gpa .I told her if she could maintain at least a 3.5 until she graduated I would give her my Challenger.It wouldn't be a gift it would be because she worked hard for it and earned it. I also told her if she wanted to go to college I would go back to work and if I had to I would work 3 jobs so she could go where she wanted to go.The one thing that never entered my mind was maybe the government would pay for it and to be honest I wouldn't want it to. I guess it just depends on the mind set of different individuals.
And some people's grandfather is a crack addicted misogynist that beat the kid's mother into a depressed life of alcoholism. What about their grand-kid?

Btw, sounds like quite the handout you're planning for your grand daughter. What an entitled, spoiled little leach she is to get that.
Again to maintain a 3.5 gpa through middle school and high school is quite an achievement and you have to work hard to get there so she earned it. Hey but thanks for your input you sound like a very enlightened individual.
And you don't think that a lot of the other kids this bill would help are working hard?

The AVERAGE gpa of incoming freshman at the University of Florida is a 4.3. All of the top 100 public universities have an average incoming GPA above 3.5. These are mostly big schools with totall enrollments in the 40,000 - 60,000 range each year. The average among ALL public universities, including the lowest of the low, is 3.11.

There are literally millions of kids going off to college every year with a GPA of 3.5 or better throughout their schooling career, who have by your own definition worked hard to get there, and who will be rewarded for that hard work with piles of debt.

Your grand daughter's achievements are not unique. Her GPA is very much average among people going to college and she's very much lumped in with that group that conservatives such as yourself would slander as "entitled" because they're not OK quietly being taken advantage of by huge institutions that have broken their right to an affordable education.
Obviously I have offended you in some way.I am very proud of my grand daughter as I am sure someday you will be of yours.I never came close to even sniffing those kind of grades when I was in school,but hey it was the late 60s and early 70s I had other things on my mind.I had a chance to go to college way back when using my VA but again I chose not to.So not having a trade or a college education I struggled in my early years.I was lucky though and worked for a major grocery chain in the South that really took care of their associates then as they do now,but it was very hard work.Until I moved into management I sometimes had to work two and three jobs just to make it.I don't want that for my grand daughter and I hope she will be able to take advantage of what a college education can do for her.I still think our disagreements on what the government should do for us is a generational thing.To each their own.We live in a country where that is our right.I will say that I liked what was posted about the way Australia handles this issue.So for what its worth I didn't mean to offend you in anyway.

 
cstu said:
IvanKaramazov said:
Also, the "student loan crisis" story is almost entirely an urban legend.

The average balance of outstanding student loan debt for households with some debt was $25,700. The median debt was $13,000, and seventy-five percent of borrowers had less than $29,000. These burdens are relatively modest given the annual earnings of these households. The average annual wage earnings among this population was $71,700.
http://www.brookings.edu/research/papers/2014/06/19-typical-student-loan-debt-akers

Those data are from 2010, but the same general idea holds today. A tiny number of people have six-figure student loans, which skews the mean and disguises the fact that the median level of debt is much lower. And that's just for the people who actually have debt -- if you include the folks who graduate debt-free, both of those numbers shrink substantially.
This take into account parents taking out loans for their kids?
so it's the parents that have crippling debt, not the graduates?
Both
is 26k over 20 years at a historically low tax deductible interest rate really that bad? I think the bad part is that these poor misguided souls choose majors that are almost unemployable.
There's not a single degree that makes someone 'unemployable'. The degree alone opens doors in completely unrelated fields.
That was true in the Eighties. Today? Not so much.

Good luck finding a decent job outside of teaching if you have an undergrad degree in :History, English, any Literature, Art, etc.

Too many older guys in here remembering a different time.

 
rustycolts said:
My grand daughter is 14 and very intelligent she has a 3.8 gpa .I told her if she could maintain at least a 3.5 until she graduated I would give her my Challenger.

I also told her if she wanted to go to college I would go back to work and if I had to I would work 3 jobs so she could go where she wanted to go
Entitlement generation.
pretty cool chat we got going on here fellas

 
If this country could only grasp the concept that shifted costs do not make a thing free it would evolve more sound economic policy.
completely true, but we spend so much money on dumb bull#### in this country that the idea of funding education shouldn't raise everyones "BUT, COMMUNISM !" hackles. If we end the war on drugs and then reduce our defense budget by 5%. that's getting into the neighborhood of ~$45B annually.

There, now it isn't free. It's paid for.

 
If this country could only grasp the concept that shifted costs do not make a thing free it would evolve more sound economic policy.
completely true, but we spend so much money on dumb bull#### in this country that the idea of funding education shouldn't raise everyones "BUT, COMMUNISM !" hackles. If we end the war on drugs and then reduce our defense budget by 5%. that's getting into the neighborhood of ~$45B annually.

There, now it isn't free. It's paid for.
Great point. All the whining about money for social programs, nowhere near enough whining about the absolutely ludicrous amount we spend on "National Defense"

 
cstu said:
IvanKaramazov said:
Also, the "student loan crisis" story is almost entirely an urban legend.

The average balance of outstanding student loan debt for households with some debt was $25,700. The median debt was $13,000, and seventy-five percent of borrowers had less than $29,000. These burdens are relatively modest given the annual earnings of these households. The average annual wage earnings among this population was $71,700.
http://www.brookings.edu/research/papers/2014/06/19-typical-student-loan-debt-akers

Those data are from 2010, but the same general idea holds today. A tiny number of people have six-figure student loans, which skews the mean and disguises the fact that the median level of debt is much lower. And that's just for the people who actually have debt -- if you include the folks who graduate debt-free, both of those numbers shrink substantially.
This take into account parents taking out loans for their kids?
so it's the parents that have crippling debt, not the graduates?
Both
is 26k over 20 years at a historically low tax deductible interest rate really that bad? I think the bad part is that these poor misguided souls choose majors that are almost unemployable.
There's not a single degree that makes someone 'unemployable'. The degree alone opens doors in completely unrelated fields.
That was true in the Eighties. Today? Not so much.Good luck finding a decent job outside of teaching if you have an undergrad degree in :History, English, any Literature, Art, etc.

Too many older guys in here remembering a different time.
Maybe in ten years your major won't matter so much bc you've managed to pick up some other skills or experience, but right out of school, forget it. While a cs major is making 50-60k starting, someone with some of these liberal arts degrees will be lucky to find a job.
 
If this country could only grasp the concept that shifted costs do not make a thing free it would evolve more sound economic policy.
completely true, but we spend so much money on dumb bull#### in this country that the idea of funding education shouldn't raise everyones "BUT, COMMUNISM !" hackles. If we end the war on drugs and then reduce our defense budget by 5%. that's getting into the neighborhood of ~$45B annually.

There, now it isn't free. It's paid for.
Great posting. This is whatt ruffles a lot of people's feathers. They look around at all the crap we do spend our money on, but education doesn't seem to rank high on the list.

 
If this country could only grasp the concept that shifted costs do not make a thing free it would evolve more sound economic policy.
completely true, but we spend so much money on dumb bull#### in this country that the idea of funding education shouldn't raise everyones "BUT, COMMUNISM !" hackles. If we end the war on drugs and then reduce our defense budget by 5%. that's getting into the neighborhood of ~$45B annually.

There, now it isn't free. It's paid for.
Great posting. This is whatt ruffles a lot of people's feathers. They look around at all the crap we do spend our money on, but education doesn't seem to rank high on the list.
I think what also ruffles a lot of people's feathers is that compared to other developed nations, we spend a lot on education, but we get the results of countries that spend far less. We happen to be one of the top spenders.

 
Syracuse @ 41k :lmao: not counting room & board on my D's list

couldn't believe it , Syracuse 41k . wtf

Billable (direct) Costs Other Indirect Expenses (average) Tuition $41,794 Books & Supplies $1,412 Housing & Meals 14,880 Transportation 642 Miscellaneous Fees 1,524 Personal Expenses 990 Total $58,198 Total $3,044 Subtotal $61242 (without Health Insurance) Health Insurance 1,890* Total Costs $63,132 (
 
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If this country could only grasp the concept that shifted costs do not make a thing free it would evolve more sound economic policy.
completely true, but we spend so much money on dumb bull#### in this country that the idea of funding education shouldn't raise everyones "BUT, COMMUNISM !" hackles. If we end the war on drugs and then reduce our defense budget by 5%. that's getting into the neighborhood of ~$45B annually.

There, now it isn't free. It's paid for.
Great posting. This is whatt ruffles a lot of people's feathers. They look around at all the crap we do spend our money on, but education doesn't seem to rank high on the list.
I think what also ruffles a lot of people's feathers is that compared to other developed nations, we spend a lot on education, but we get the results of countries that spend far less. We happen to be one of the top spenders.
Part of the ongoing problem with under performance is our unwillingness to adapt successful policies from those more efficient countries. "We're just too different for it to work here." Balderdash. Poppycock.

 
Syracuse @ 41k :lmao: not counting room & board on my D's list

couldn't believe it , Syracuse 41k . wtf

Billable (direct) Costs Other Indirect Expenses (average) Tuition $41,794 Books & Supplies $1,412 Housing & Meals 14,880 Transportation 642 Miscellaneous Fees 1,524 Personal Expenses 990 Total $58,198 Total $3,044 Subtotal $61242 (without Health Insurance) Health Insurance 1,890* Total Costs $63,132 (
Ok, that's crazy.

 
rustycolts said:
My grand daughter is 14 and very intelligent she has a 3.8 gpa .I told her if she could maintain at least a 3.5 until she graduated I would give her my Challenger.

I also told her if she wanted to go to college I would go back to work and if I had to I would work 3 jobs so she could go where she wanted to go
Entitlement generation.
pretty cool chat we got going on here fellas
The point I was trying to make was I didn't agree with Sanders plan to tax others to pay for something for someone else.I just don't speak or post as eloquently as most.The suggestions about redistributing money that we already use for examples policing the world,foreign aid to countries that hate us,war on drugs,money spent on sticking our nose in places we shouldn't be involved in in the first place.I could get behind that.I was just trying to say I never asked anyone to pay for anything for me and never will.I know that attitudes,values and times in general are changing but most of you guys will have to live with those changes a lot longer than me.So I guess there is that.

Oh and the entitlement thing you forgot to quote what preceded that you know about the old geezers.

 
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I am fine with providing every American with a library card, and funding libraries to be open, at least the main branches, 24/7. College, that should be a luxury for those who can afford it. By the way, if there is a more inefficient and wasteful paradigm for education than the traditional 4 year college in this country I cannot imagine it.

 
It's like some of you guys never took the time to read the article. I got no problem with who he wants to tax to get the money. They will still have plenty of money to live on.

 
Part of the ongoing problem with under performance is our unwillingness to adapt successful policies from those more efficient countries. "We're just too different for it to work here." Balderdash. Poppycock.
I've noticed this in general, not specifically regarding education. It seems like, in many publicly debated policy issues, the debates are sorely lacking arguments based on what has worked in other parts of the world. It's like people here think this is the only country on the planet. Very weird.

 
Syracuse @ 41k :lmao: not counting room & board on my D's list

couldn't believe it , Syracuse 41k . wtf

Billable (direct) Costs Other Indirect Expenses (average) Tuition $41,794 Books & Supplies $1,412 Housing & Meals 14,880 Transportation 642 Miscellaneous Fees 1,524 Personal Expenses 990 Total $58,198 Total $3,044 Subtotal $61242 (without Health Insurance) Health Insurance 1,890* Total Costs $63,132 (
Ok, that's crazy.
My Law school just crossed the 80K a year line. Tuition is 59,950.

Tuition the year after I graduated (10-11) was 51,510.

I never thought I'd be lucky to only have 110K in student loans.

ETA When I started in 07, tuition was 37,812.

A 58.5% increase in the worst legal market in a long time.

 
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Good luck finding a decent job outside of teaching if you have an undergrad degree in :History, English, any Literature, Art, etc.
Going to college just to get some job in a field that you have zero interest in sounds like a miserable existence. There are plenty of decent opportunities outside of teaching in those fields.

 
If this country could only grasp the concept that shifted costs do not make a thing free it would evolve more sound economic policy.
completely true, but we spend so much money on dumb bull#### in this country that the idea of funding education shouldn't raise everyones "BUT, COMMUNISM !" hackles. If we end the war on drugs and then reduce our defense budget by 5%. that's getting into the neighborhood of ~$45B annually.

There, now it isn't free. It's paid for.
Great posting. This is whatt ruffles a lot of people's feathers. They look around at all the crap we do spend our money on, but education doesn't seem to rank high on the list.
I think what also ruffles a lot of people's feathers is that compared to other developed nations, we spend a lot on education, but we get the results of countries that spend far less. We happen to be one of the top spenders.
Part of the ongoing problem with under performance is our unwillingness to adapt successful policies from those more efficient countries. "We're just too different for it to work here." Balderdash. Poppycock.
I am curious: what are they doing that we arent to have their system run more efficiently?

 
If we tax the top 1%ers more to fund societal programs that serve the population at large, shouldnt they get something in return? Free carpool lane access? Two votes at election time? Unlimited toppings at ice cream shops? Something?

 
I think what also ruffles a lot of people's feathers is that compared to other developed nations, we spend a lot on education, but we get the results of countries that spend far less. We happen to be one of the top spenders.
yep. and the reality is you can replace "health care" for "education" above and the point is just as accurate (and sad) there, too.

So, any time I try to think about what's wrong with how the USA has bureaucracy around things that are/should be important to most of us -- education, health care, a reasonable & logical rule of law, equitable distribution of justice for all our citizens .... I start sounding like a ####### hippie and how THE WHOLE SYSTEM IS JUST BROKEN, MAAAN. It just seems like such an insurmountable task to try to fix things that are all kind of tied together. exponentially rising education costs. horribly broken medical + insurance system. for-profit prison systems. The war on drugs.

I'm not a hippie. I don't even consider myself a leftist/liberal. and I don't hate this country. I just feel like giving up sometimes. Having kids can really #### with your head and your worldview. Remember when the FFA was all about russian brides and tales of pooping your pants? I miss that time.

 
If we tax the top 1%ers more to fund societal programs that serve the population at large, shouldnt they get something in return? Free carpool lane access? Two votes at election time? Unlimited toppings at ice cream shops? Something?
They have control of 99% of the money how much more do they need?
 
For all of those saying college "just doesn't make sense any more" or other such nonsense, just have a look at this chart. And this one.

People who run up massive debts pursuing degrees with little marketability at very expensive universities have some problems. Their biggest problem is that they made some very unwise decisions. Fortunately they are outliers, rather than the norm.

Generally making policy based on outliers is a mistake. Or, to put it another way, you can't stop foolish people from doing stupid things and it is futile to try.

 
If we tax the top 1%ers more to fund societal programs that serve the population at large, shouldnt they get something in return? Free carpool lane access? Two votes at election time? Unlimited toppings at ice cream shops? Something?
Ferraris.

...oh wait, they have them already.

 
There are too many bs universities that are scams. I had a friend that worked for U of Phoenix as an advisor. He said he felt terrible because he knew most of the people signing up had no idea of the financial implications they were getting into. They would hold your hand through the entire process to make sure you got the loans, sent in paperwork, etc.
How is that any different from the "real" schools?

 
There are too many bs universities that are scams. I had a friend that worked for U of Phoenix as an advisor. He said he felt terrible because he knew most of the people signing up had no idea of the financial implications they were getting into. They would hold your hand through the entire process to make sure you got the loans, sent in paperwork, etc.
How is that any different from the "real" schools?
Degrees from places like U of Phoenix and Capella don't have a whole lot of market value, and their entire business model relies on gaming the student loan program.

I personally know somebody from my community who confided in me that she has literally $100,000+ in student loan debt thanks to her time at Capella. She paid her way through their PhD program, which is itself scandalous, since normally PhD students get paid, not the other way around. She reached the thesis stage and ran out of money, and then her advisor stopped returning her calls, leaving her completely stranded. She currently works as an HR director, which is okay, but she could have gotten to that point with a run-of-the-mill MBA too.

I do have to say that there are some PhD programs in the humanities whose existence is unconscionable given the lack of academic jobs in those fields, but ordinarily business-discipline PhDs are insta-employed. Not so for people who get degrees from for-profits.

 
Part of the ongoing problem with under performance is our unwillingness to adapt successful policies from those more efficient countries. "We're just too different for it to work here." Balderdash. Poppycock.
I've noticed this in general, not specifically regarding education. It seems like, in many publicly debated policy issues, the debates are sorely lacking arguments based on what has worked in other parts of the world. It's like people here think this is the only country on the planet. Very weird.
:goodposting:

(How bout health care reform?)

 
the moops said:
Good luck finding a decent job outside of teaching if you have an undergrad degree in :History, English, any Literature, Art, etc.
Going to college just to get some job in a field that you have zero interest in sounds like a miserable existence. There are plenty of decent opportunities outside of teaching in those fields.
BS. There are 5X the number of grads for those other "decent opportunities" than there are actual, you know, jobs. For some degrees, it's much worse than that. There's probably 20 Sociology graduates for every non teaching Sociology job.

 
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the moops said:
Good luck finding a decent job outside of teaching if you have an undergrad degree in :History, English, any Literature, Art, etc.
Going to college just to get some job in a field that you have zero interest in sounds like a miserable existence. There are plenty of decent opportunities outside of teaching in those fields.
BS. There are 5X the number of grads for those other "decent opportunities" than there are actual, you know, jobs. For some degrees, it's much worse than that. There's probably 20 Sociology graduates for every non teaching Sociology job.
It is a real shame those students were forced to go to college and pursue those courses of study. Oh wait...

Degrees that aren't in the sciences, business or engineering aren't meant to be career training.

 
College in Germany is not only free, but they are giving it free to Americans.

Research shows that the system is working, says Sebastian Fohrbeck of DAAD, and that 50% of foreign students stay in Germany.

"Even if people don't pay tuition fees, if only 40% stay for five years and pay taxes we recover the cost for the tuition and for the study places so that works out well."
Interesting. Also this from ATTN: How Does Germany Afford Free Tuition For All Of Its Citizens?

ATTN: Ok - I don't get it. How can a country with 80+ million people entirely fund higher education and not go bankrupt? Where is the money coming from?Even before this news, Germany had extremely low tuition and fees – around $600 per student. In other words, around $14,000 less than what students here have to pay. Germany, and many other European countries, view higher education as more of a public than a private benefit. They can afford this for a couple reasons. First, they simply agree to pay higher taxes. Second, Germany has a lower percentage of students go on to college than we have here in the U.S. Here, particularly at public schools, college costs have risen as a response to lower levels of public support from states, and increasing numbers of students going to school.
 
So part of the reason the cost of publicly funding the entire cost of college for Germans is so low is that the cost of college is almost entirely public funded to begin with.

 
AGAINST TULIP SUBSIDIES

Here is a highly abridged excerpt. It'll make more sense if you read the whole thing.

So presidential candidate Bernie Sanders has proposed universal free college tuition.

On the one hand, I sympathize with his goals. If you can’t get any job better than ‘fast food worker’ without a college degree, and poor people can’t afford college degrees, that’s a pretty grim situation, and obviously unfair to the poor. ...

But the solution isn’t universal [college tuition] subsidies.

Higher education is in a bubble.... In the past forty years, the price of college has dectupled (quadrupled when adjusting for inflation). It used to be easy to pay for college with a summer job; now it is impossible. At the same time, the unemployment rate of people without college degrees is twice that of people who have them. Things are clearly very bad and Senator Sanders is right to be concerned.

But Senator Sanders admits that his plan would cost $70 billion per year. That’s about the size of the entire economy of Hawaii. It’s enough to give $2000 every year to every American in poverty.

At what point do we say “Actually, no, let’s not do that, and just let people hold basic jobs even if they don’t cough up a a hundred thousand dollars from somewhere to get a degree in Medieval History”?

I’m afraid that Sanders’ plan ... would subsidize the continuation of a useless tradition [of getting a college degree just so you can put it on your resume], and disincentivize people from figuring out a way to route around the problem....

If I were Sanders, I’d propose a different strategy. Make “college degree” a protected characteristic, like race and religion and sexuality. If you’re not allowed to ask a job candidate whether they’re gay, you’re not allowed to ask them whether they’re a college graduate or not. You can give them all sorts of examinations, you can ask them their high school grades and SAT scores, you can ask their work history, but if you ask them if they have a degree then that’s illegal class-based discrimination and you’re going to jail. I realize this is a blatant violation of my usual semi-libertarian principles, but at this point I don’t care.

 

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