Yet, it's not the debt but the DEFAULT RATE that is worrying. It has been going up for years
Posted on 09/13/2015 6:37:19 PM PDT by SeekAndFind
Maybe that was true at one time; or maybe it was always a myth; but I don't believe it is true today.
Especially with: 1. The proliferation of degrees in nonsense subjects (generally, but not always, things that end in "studies") and 2. The dumbing-down of legitimate courses (eg - substituting Maya Angelou for Shakespeare in "Literature" courses).
Thank you!!!
Some good might - might - have come of this if one consequence was improved teaching, but the opposite happened. The money was spent on ever more useless middle managers, Deans of Diversity, Profesors of Gay Studies, and content-free courses for the retards who were being dragged in by the false promise of a higher income.
The Biggest Problem with Student Loans
little to no ROI?
There are several problems here that this article dances around.
1. It’s not the people getting degrees in womyn’s studies and creative writing, it’s the people getting degrees in English, history, and other real fields that used to lead to solid middle-class jobs that are now gone, and the jobs that are left pay starvation wages for the first few years.
2. If someone wants to be a teacher or social worker, the cost of the degree is more than the job actually pays. You’d have to be a fool to go into teaching now, but for a hundred years it was a good job that someone could earn a living at. Again, the middle class is gone.
3. This article undermines its own argument when it says that instead of worrying about people getting doctorates in gay literature, we should worry about poor black people, but then it says that most of the defaults are from loans for for-profit schools and community colleges, so we should do what? Discourage poor black and brown people from trying to get any secondary education at all? I’m not sure what he’s advocating for here.
This article is a mess.
No problem!
I heard a report on the radio (WJR 760AM, Detroit) a few weeks ago that the national student loan debt total is somewhere around $111 billion. The very next report I heard was a warning to students about being victimized by various scams out there.
Do you know the meaning of minding your own business?
Thanks, I do sometimes cut Rush’s articles when they are really long.
Ah, maybe the report I heard referred to the student loan debt total that is currently delinquent.
When people not only have 4-year degrees but graduate and doctorates in useless liberal arts, you have too much wasted time in college.
If they give permission then it is kosher, if they "do not complain about posting the full article" it means you still violated copyright law.
You must have permission to not be in violation of copyright law.
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