why not only Pay Go?
Interesting idea.
Some fields of study in college lead directly to job and career paths, using that education. Many college majors do not translate into jobs and careers in the job market after graduation. It is good for students and parents, to have eyes wide open, about this sort of information.
A student wants to major in philosophy? Well, it’s good to have this information that the job prospects are poor. Have eyes wide open what a given degree can do for you after college.
For decades this type ofinformation has been readily available on various websites.
Maybe the UT data is specific to their grads.
These people appear to be morons. A person with only a high school education can make a fortune in SALES. One can sell vacuum cleaners, burglar alarms, electronics, and computers ..real estate....etc .....commissions on computer sales can be 3-10%. A friend with no college had one sale in PC`s that was $2 million USD. He made $200,000 USD in one hour. Software sales also ditto can be a fortune maker. Evidently these study idiots have never run a business and never made a profit in their lives. 15 year High school students with startups usually make one million or more with VC`s. investments...
Good to see the salary and ROI quoted for mechanical engineering at UT-Arlington - that’s the school my Son attends and degree he’s pursuing now.
3 +decades ago, one of our sons was graduated from a good engineering school with a double degree. He had worked at college sponsored preceptorships for 4 summers. He had a good job offer from that company. Before he went to work, that company declared bankruptcy.
In two weeks, he had a better paying job with a better company.
A neighbor, fellow church goer and a teacher asked how he got a job so quickly when other grads couldn’t get an interview.
He told her, he had a real degree with summers of good work experience instead of travels to Europe or where ever.
Last but not least he told her that his degree was a real degree, not an IUD aka Instant Unemployment Degree.
Decades later, she still defends the IUD’s.
I think present-day students don’t think about the return from their education. They major in what they are interested in. To me, if they take out a student loan, they are completely responsible to pay it back. After all, the return from their choice accrues directly to them. If they make a bad choice in financial terms, that’s on them, and it sure as hell isn’t on me. Asking taxpayers to foot the bill is just plain unfair and stupid...it’s a vote-buying scheme. I wouldn’t have a problem with Debtors Prisons for those who forfeit on payments.
Circa 1983 the oilfield crashed and burned. My geology degree most valuable and experience on the drilling rig no longer had value. I sold my house and airplane. I was 35 years old and needed a high paying job quickly. I became a pharmacist in only 2-1/2 years by going to school year round. I already had all the basic math, chem, physics, biology, etc. I went straight into pharmacy school with no pre-pharm courses. Upon graduation and passing the state boards I had an immediate high paying job. I made value judgements on my educational choices. It worked. I was broke the last year and took out loans, 8000 dollars about 20,000 in today’s money. Paid it off early!
At that time pharmacists were in short supply. One chain pharmacy in Louisiana would come and interview students one year from graduation. They offered considerable money if one signed a contract for a couple of years work at which time the loan was forgiven. I did not take it but it was fair offers. “Aint” capitalism great?
If Joe Biden forgives student loans, I want my 20K back! That will not happen.
It should be noted that at my hospital (I am now retired) we had pharmacist students trainees that had 200K of student loans.