$1.6T Student Debt - No Warning, Just Gone
Comments
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I agree with you @haie . It would be great if we were able to bifurcate the notion of immediate economic mobility and long-term utility.
Higher Ed is never useless, and in the long run, it's the best defense against poverty and the best way to be an agent of your own future. But that doesn't mean you go six figures in debt for an undergrad degree in anything but a handful of fields of study. That doesn't mean those fields of study are useless; it means that they're not going to translate to higher earnings fast enough to make the finances pencil out reasonably.
Majoring in English, all jokes aside, is a good and valuable thing. Trust me; I hire people. People who can write well are always useful, and they tend to rise in corporate organizations quickly, because that skill seldom comes alone. Good writers are good thinkers and good communicators overall.
But, you're not going to be able service a 100K loan right out of the gates.
Also, so much of this depends on where you go to school. An English or Econ or Bio degree from Amherst College is going to take you different places than such a degree from the University of Arizona. That is the way it is. A degree in International Relations from Georgetown will get you a job, whether it relates to Int'l Relations or not. A degree in Int'l Relations from Texas Tech won't get you as far.
And even with a prestigious degree, one should be very careful b4 signing up for 100k of debt for a degree from any school. It's risky. -
Domain knowledge and excellent communication skills whether writing speaking or both are still pivitol.creepycoug said:I agree with you @haie . It would be great if we were able to bifurcate the notion of immediate economic mobility and long-term utility.
Higher Ed is never useless, and in the long run, it's the best defense against poverty and the best way to be an agent of your own future. But that doesn't mean you go six figures in debt for an undergrad degree in anything but a handful of fields of study. That doesn't mean those fields of study are useless; it means that they're not going to translate to higher earnings fast enough to make the finances pencil out reasonably.
Majoring in English, all jokes aside, is a good and valuable thing. Trust me; I hire people. People who can write well are always useful, and they tend to rise in corporate organizations quickly, because that skill seldom comes alone. Good writers are good thinkers and good communicators overall.
But, you're not going to be able service a 100K loan right out of the gates.
Also, so much of this depends on where you go to school. An English or Econ or Bio degree from Amherst College is going to take you different places than such a degree from the University of Arizona. That is the way it is. A degree in International Relations from Georgetown will get you a job, whether it relates to Int'l Relations or not. A degree in Int'l Relations from Texas Tech won't get you as far.
And even with a prestigious degree, one should be very careful b4 signing up for 100k of debt for a degree from any school. It's risky.
What's lost on college students today is that regardless of what your focus is, you need to network, grow domain knowledge, and develop outside skills in addition to your education.
I still love the CHID program at UW, which was my minor. They encouraged you to be holistic and sell yourself instead of boxing yourself into one skillset. -
CHID is solid. A great undergraduate education in the classical sense in and of itself.haie said:
Domain knowledge and excellent communication skills whether writing speaking or both are still pivitol.creepycoug said:I agree with you @haie . It would be great if we were able to bifurcate the notion of immediate economic mobility and long-term utility.
Higher Ed is never useless, and in the long run, it's the best defense against poverty and the best way to be an agent of your own future. But that doesn't mean you go six figures in debt for an undergrad degree in anything but a handful of fields of study. That doesn't mean those fields of study are useless; it means that they're not going to translate to higher earnings fast enough to make the finances pencil out reasonably.
Majoring in English, all jokes aside, is a good and valuable thing. Trust me; I hire people. People who can write well are always useful, and they tend to rise in corporate organizations quickly, because that skill seldom comes alone. Good writers are good thinkers and good communicators overall.
But, you're not going to be able service a 100K loan right out of the gates.
Also, so much of this depends on where you go to school. An English or Econ or Bio degree from Amherst College is going to take you different places than such a degree from the University of Arizona. That is the way it is. A degree in International Relations from Georgetown will get you a job, whether it relates to Int'l Relations or not. A degree in Int'l Relations from Texas Tech won't get you as far.
And even with a prestigious degree, one should be very careful b4 signing up for 100k of debt for a degree from any school. It's risky.
What's lost on college students today is that regardless of what your focus is, you need to network, grow domain knowledge, and develop outside skills in addition to your education.
I still love the CHID program at UW, which was my minor. They encouraged you to be holistic and sell yourself instead of boxing yourself into one skillset. -
A degree from Arizona only qualifies you to be hondos bosscreepycoug said:I agree with you @haie . It would be great if we were able to bifurcate the notion of immediate economic mobility and long-term utility.
Higher Ed is never useless, and in the long run, it's the best defense against poverty and the best way to be an agent of your own future. But that doesn't mean you go six figures in debt for an undergrad degree in anything but a handful of fields of study. That doesn't mean those fields of study are useless; it means that they're not going to translate to higher earnings fast enough to make the finances pencil out reasonably.
Majoring in English, all jokes aside, is a good and valuable thing. Trust me; I hire people. People who can write well are always useful, and they tend to rise in corporate organizations quickly, because that skill seldom comes alone. Good writers are good thinkers and good communicators overall.
But, you're not going to be able service a 100K loan right out of the gates.
Also, so much of this depends on where you go to school. An English or Econ or Bio degree from Amherst College is going to take you different places than such a degree from the University of Arizona. That is the way it is. A degree in International Relations from Georgetown will get you a job, whether it relates to Int'l Relations or not. A degree in Int'l Relations from Texas Tech won't get you as far.
And even with a prestigious degree, one should be very careful b4 signing up for 100k of debt for a degree from any school. It's risky. -
Heart Attack Burger.Pitchfork51 said:
A degree from Arizona only qualifies you to be hondos bosscreepycoug said:I agree with you @haie . It would be great if we were able to bifurcate the notion of immediate economic mobility and long-term utility.
Higher Ed is never useless, and in the long run, it's the best defense against poverty and the best way to be an agent of your own future. But that doesn't mean you go six figures in debt for an undergrad degree in anything but a handful of fields of study. That doesn't mean those fields of study are useless; it means that they're not going to translate to higher earnings fast enough to make the finances pencil out reasonably.
Majoring in English, all jokes aside, is a good and valuable thing. Trust me; I hire people. People who can write well are always useful, and they tend to rise in corporate organizations quickly, because that skill seldom comes alone. Good writers are good thinkers and good communicators overall.
But, you're not going to be able service a 100K loan right out of the gates.
Also, so much of this depends on where you go to school. An English or Econ or Bio degree from Amherst College is going to take you different places than such a degree from the University of Arizona. That is the way it is. A degree in International Relations from Georgetown will get you a job, whether it relates to Int'l Relations or not. A degree in Int'l Relations from Texas Tech won't get you as far.
And even with a prestigious degree, one should be very careful b4 signing up for 100k of debt for a degree from any school. It's risky.
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WTF would you think that?allpurpleallgold said:
UBI? I was like 95% sure you at least liked the idea of it.pawz said:
I support handing out trillions in cash? Since when?allpurpleallgold said:When you support handing out trillions in cash every year, it’s probably best you don’t cry about bribing people for votes.
Link please.
Man the AIDS has really rotted the cortex hasn't it? -
I'd say no more student loans.Swaye said:Also, I've got a better idea than debt forgiveness. How about we actually make people uphold the obligations they willingly signed up for, and do something to reduce the cost of college in a substantial way so that future generations are not completely fucked over by these out of control spiraling costs. My solution is to fire about half of the administration at all colleges and that would allow tuition to be reduced by 15-20% right there.
I made those numbers up, but still. Poont stands.
That is what has and what will continue to raise tuition costs way above their market value. Besides, If you have a 3.5 or better in HS, you can go to CC your first two years for almost free almost everywhere now. And if you do well in CC,then you can get scholarships.
If you can't do this.....
the world needs ditch diggers too.
As well as plumbers, electricians, framers and of course......
Coders. -
A college degree has been sold as an automatic job maker. It isn't. That's the biggest thing I've seen from my peers and the people coming after me. "I've received my degree now where do I go to collect my six figure job?"haie said:
Domain knowledge and excellent communication skills whether writing speaking or both are still pivitol.creepycoug said:I agree with you @haie . It would be great if we were able to bifurcate the notion of immediate economic mobility and long-term utility.
Higher Ed is never useless, and in the long run, it's the best defense against poverty and the best way to be an agent of your own future. But that doesn't mean you go six figures in debt for an undergrad degree in anything but a handful of fields of study. That doesn't mean those fields of study are useless; it means that they're not going to translate to higher earnings fast enough to make the finances pencil out reasonably.
Majoring in English, all jokes aside, is a good and valuable thing. Trust me; I hire people. People who can write well are always useful, and they tend to rise in corporate organizations quickly, because that skill seldom comes alone. Good writers are good thinkers and good communicators overall.
But, you're not going to be able service a 100K loan right out of the gates.
Also, so much of this depends on where you go to school. An English or Econ or Bio degree from Amherst College is going to take you different places than such a degree from the University of Arizona. That is the way it is. A degree in International Relations from Georgetown will get you a job, whether it relates to Int'l Relations or not. A degree in Int'l Relations from Texas Tech won't get you as far.
And even with a prestigious degree, one should be very careful b4 signing up for 100k of debt for a degree from any school. It's risky.
What's lost on college students today is that regardless of what your focus is, you need towork, grow domain knowledge, and develop outside skills in addition to your education.
I still love the CHID program at UW, which was my minor. They encouraged you to be holistic and sell yourself instead of boxing yourself into one skillset.
It's not completely their fault, liberal arts teachers have been telling them for years to follow their dreams and passion and not to worry about their finances. It's a solid way to keep students in paying seats in the humanities department and keep making money at their own passion I suppose.
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Exactly.UW_Doog_Bot said:
A college degree has been sold as an automatic job maker. It isn't. That's the biggest thing I've seen from my peers and the people coming after me. "I've received my degree now where do I go to collect my six figure job?"haie said:
Domain knowledge and excellent communication skills whether writing speaking or both are still pivitol.creepycoug said:I agree with you @haie . It would be great if we were able to bifurcate the notion of immediate economic mobility and long-term utility.
Higher Ed is never useless, and in the long run, it's the best defense against poverty and the best way to be an agent of your own future. But that doesn't mean you go six figures in debt for an undergrad degree in anything but a handful of fields of study. That doesn't mean those fields of study are useless; it means that they're not going to translate to higher earnings fast enough to make the finances pencil out reasonably.
Majoring in English, all jokes aside, is a good and valuable thing. Trust me; I hire people. People who can write well are always useful, and they tend to rise in corporate organizations quickly, because that skill seldom comes alone. Good writers are good thinkers and good communicators overall.
But, you're not going to be able service a 100K loan right out of the gates.
Also, so much of this depends on where you go to school. An English or Econ or Bio degree from Amherst College is going to take you different places than such a degree from the University of Arizona. That is the way it is. A degree in International Relations from Georgetown will get you a job, whether it relates to Int'l Relations or not. A degree in Int'l Relations from Texas Tech won't get you as far.
And even with a prestigious degree, one should be very careful b4 signing up for 100k of debt for a degree from any school. It's risky.
What's lost on college students today is that regardless of what your focus is, you need towork, grow domain knowledge, and develop outside skills in addition to your education.
I still love the CHID program at UW, which was my minor. They encouraged you to be holistic and sell yourself instead of boxing yourself into one skillset.
It's not completely their fault, liberal arts teachers have been telling them for years to follow their dreams and passion and not to worry about their finances. It's a solid way to keep students in paying seats in the humanities department and keep making money at their own passion I suppose. -
We just hired a fresh college grad as a superintendent in training.
The degree was not a requirement
