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The Coming Higher Education Bust: “Some Will Survive”
DollarCollapse.com ^ | March 1, 2013 | John Rubino

Posted on 03/09/2013 10:20:32 PM PST by Kevmo

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To: Alberta's Child
What percentage of the workforce is in one of the university accredited professions? The rest merely need literacy, numeracy, internships, some college campus courses, and on-site courses. Some work requires technical schooling,( for example, hairdressing).

Greatly reduce the number of those in the second group and the higher education establishment comes crashing down.

By the way,....K-12 education is an ENORMOUS waste of time for the child and tax resources. I would like to see this godless and socialist-entitlement K-12 education-industrial complex collapse! Think about it.

1) Imagine if children could competently enter the workforce 3, 4 , or more years earlier, as my homeschoolers did. The wealth accumulated by the child could be up to a million dollars or more over a life time! That also means increased GDP ( health and wealth) for the entire world to enjoy.

2) Each child in government K-12 socialist-entitlement schooling costs the taxpayer about $13,000 a year. In some cities it is as high as $25,000/year! Wow! Can you imagine the boast to the economy if even half of that money could be put to use in the private economy? Goodbye deficits! Hello, increased wealth for every citizen in this nation.

By the way, I have a doctorate in one of the university-based health professions. Honestly, a **LOT** of the basic courses could be ( and should be) done Online. Some courses could be a combination of Online and recitations with the professor and his graduate students. Obviously, there is **much** that could not be done this way, but the time and money to finish the program could be greatly reduced.

21 posted on 03/10/2013 9:29:09 AM PDT by wintertime
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To: stanne

Another problem is college administrators seeing college as a form of wealth distribution. Charge everyone high rates, give scholarships and grants to selective students who are poor or meet “minority” definitions.
This makes it hard to compare costs because so many pay less than the official price tag. And those who pay the price tag are subsidizing the more PC demographic groups.


22 posted on 03/10/2013 10:18:01 AM PDT by tbw2
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To: wintertime

Here is a list of alternative online courses in addition to Coursera.
http://tamarawilhite.hubpages.com/hub/Alternative-Sources-of-College-Credit-and-Continuing-Education-Classes


23 posted on 03/10/2013 10:18:52 AM PDT by tbw2
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To: tbw2

Thank you


24 posted on 03/10/2013 10:37:25 AM PDT by wintertime
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To: tbw2
It's bad enough that they get 13 or more years of learning to be comfortable with socialist redistribution in their K-12 single-payer, socialist-entitlement, tuition-free schools, then the indoctrination in redistribution continues in college.
25 posted on 03/10/2013 10:40:23 AM PDT by wintertime
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To: wintertime
Encourage employers to use SAT and ACT scores and internships to identify bright and teachable applicants.

Illegal. And that is the reason for the education bubble.

Fifty years ago, businesses routinely administered IQ and academic tests to determine what jobs people were suitable for. Then, in Griggs v. Duke Power Co (1971), the Supreme Court ruled that under Title VII of the Civil Rights Act, if such tests disparately impact ethnic minority groups, businesses must demonstrate that such tests are "reasonably related" to the job for which the test is required.

So businesses decided to require degrees as an expensive substitute for such tests.

We need to repeal the various "Civil Rights Acts" first.

26 posted on 03/10/2013 10:58:23 AM PDT by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: PapaBear3625
Then, in Griggs v. Duke Power Co (1971), the Supreme Court ruled that under Title VII of the Civil Rights Act, if such tests disparately impact ethnic minority groups, businesses must demonstrate that such tests are "reasonably related" to the job for which the test is required. So businesses decided to require degrees as an expensive substitute for such tests.

I've been looking for this answer for 25 years. I could never understand why businesses cared about college degrees.

27 posted on 03/10/2013 11:06:05 AM PDT by St_Thomas_Aquinas
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To: dinodino
It is not likely that, for example, a chip designer or mechanical engineer would learn the required math on the job.

Then why would they need to learn it?

28 posted on 03/10/2013 11:07:59 AM PDT by St_Thomas_Aquinas
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To: JCBreckenridge
I have ran my own tutoring business since graduation back in ‘07. What I have found is that 40 hours of tutoring is equivalent to about a year, sometimes two of normal instruction.

I believe that, having homeschooled our kids, and having learned some skills on my own.

I remember when graphics programs came out, and designers were making the switch from drafting boards to computers. I bought a Mac, some graphics packages, and was functional in all of the programs within a week.

I was shocked when I found out that colleges were devoting semesters to each graphics package.

I call it "course bloat." It's a lot like research. You pay for research, you get research. You pay for courses, you get courses. You pay for results, you get results.

29 posted on 03/10/2013 11:16:18 AM PDT by St_Thomas_Aquinas
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To: tbw2

True. It feeds into the other huge issue which is that kids and or their parents are paying to get these kids brainwashed into liberal think.

It is simply NOT a good investment of time or money.

The smart kids are going to look around and see that the are going to need skills.

The redistribution money will run out anyway, so the smart parents will stop misleading these kids into debt, and they’ll see that


30 posted on 03/10/2013 11:31:48 AM PDT by stanne
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To: Kevmo
Some will survive.

About 75% of colleges are taxpayer funded sinkholes. Most will survive long past their usefulness because of government distortion of the free market. If colleges mostly churned out Republican voters though you'd see funding yanked yesterday.

31 posted on 03/10/2013 11:47:40 AM PDT by Reeses
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To: St_Thomas_Aquinas
I've been looking for this answer for 25 years. I could never understand why businesses cared about college degrees.

By the 80's, a high-school diploma was essentially worthless as an indicator of basic literacy. Now, in 2013, a BA is not necessarily evidence of being able to read, write, and think.

But we are at a point where there would be extreme pushback against requiring a Masters degree for entry-level jobs, so the whole idea of using a diploma as a substitute for tests and references may have reached its limits.

32 posted on 03/10/2013 12:54:50 PM PDT by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: St_Thomas_Aquinas

I should have said, “It is unlikely that a chip designer or mechanical engineer COULD learn the required math on the job.”

I have met many self-taught computer programmers whom are competent for many tasks but lack essential math background and thus fall flat when presented with a project requiring such.

My grandfather was a mechanical engineer in the Forties and I have his engineering texts and slide rule. He did not learn the mathematics on the job—he learned it at university.


33 posted on 03/10/2013 3:38:50 PM PDT by dinodino
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To: Bon mots

I can always sneak across the border if I ever want to come back.
***Ouch. Double ouch. Of course, the DHS will be all over your ass to enforce the law against you while they sprain their necks looking the other way to not enforce illegal immigration activity.


34 posted on 03/10/2013 3:44:13 PM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: St_Thomas_Aquinas

Yep. I had some clients balk at my fees, 20 an hour for 40 hours at 800 bucks. Compare that with a course... Plus, I got better results. If the student was willing to devote their time, I could get them caught up to where they were supposed to be rather quickly. 40 hours is a full time job in one week.

When you’re failing a course...


35 posted on 03/11/2013 11:26:21 AM PDT by JCBreckenridge (Texas is a state of mind - Steinbeck)
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To: wintertime

My 10 year old asked why we don’t go to the “free” school like our neighbors. I explained that the public school isn’t free - I pay for it through my taxes AND pay for private school.


36 posted on 03/13/2013 12:13:59 PM PDT by tbw2
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