Posted on 07/09/2023 9:20:37 AM PDT by Libloather
That covers a lot of ground. What is he, a mid-grade annoyance in the Diversity Inclusion and Equity office?
“Jarrett, 38 should have gone to tech. school and become a plumber.
He’d be very comfortable by now.”
Well, at least his toilet would flush right.
Why?
How else are they going to pay for their education?
We can argue the value of said education but someone has to pay for it and the person receiving the education is the best person to do it.
Bachelor’s degree in Business administration.
Back when we paid our own way through school, and still learned something (mostly) useful.
Economics 101 and 102 were prerequisites for most any degree back then.
Anyway, how much classroom time did YOUR professors spend? I was being generous with 4 hours a day - many spend less, I’m sure.
What was your major?
“Jarrett now works in the energy industry and earns five figures.”
That’s $10,000 to $99,999
Also depends on where he got the MBA and how much he learned from his MBA. My income is up 15x from when I finished my MBA 11 years ago.
Jarrett is probably selling solar panels somewhere in Alaska where the sun don’t shine!!! LOL
Second, I don't remember reading stories about people complaining about their $200,000 mortgages that they will have to live with for the rest of their lives. The difference is that you already have to have a steady income before a bank will give you a mortgage loan, but Obama's nationalized student loan industry no longer requires proof of future earnings ability (i.e., profitable majors) before handing out the big student loans.
Third, mortgages are liabilities against real assets. Those assets build equity as property values rise and/or mortgages are paid down. Most people don't expect to pay off their mortgage because they roll the equity into newer homes with renewed mortgages. It becomes a lifestyle payment akin to rent that eventually gets paid off as one approaches retirement. School loans are not backed against real assets except for the person himself and his future earnings abiltiy. In fact, parents who take out loans to pay for their children's college might consider taking out life insurance policies on their kids to pay off the school loans if the child dies prematurely.
-PJ
Why would any business refund money to individuals who essentially signed a contract?! It is not the school’s fault this guy can’t make ends meet. This Jarrett guy made his own choices. Now, mind you, these schools charge a ridiculous amount of money for the “higher” education. If I were of college age today, I probably would not attend any school.
College has changed a lot since I did undergrad in the 1970s.
I was a professor for many years and was happy to get out as the academic bureaucracy took over.
The other day I went back and didn’t recognize the department website as Penn State combined Agricultural Economics with Sociology and Education and became Woke.
Ok. But then turn the loans back to private banks with no federal funding at all.
For the past few years, every dang news site has published one of these “meet the college student who can’t pay their debt” articles with regular frequency. I have no desire to meet them since I suspect we would have little in common.
Why don’t they do articles on the young 30 year old who didn’t go to college but instead went to tech school, paid their own way, and now owns a plumbing business? Or the young couple married straight out of high school and never went to college, but now own their a home cleaning business.
If I replaced my rollback for my business it would cost about 3 times what this guy owes.
The truck would pay it back on its own. Like a good education would.
Yes it is asking too much unfortunately. Everything you said is spot on, but there’s so many Harvard and Yale graduates in congress and none of them wants to criticize the scandalous financial shenanigans of their alma mater. Wish we had more plumbers in congress.
But my BS is in Physics. I think they spent about 5hs/day teaching. That might amount to "rattl[ing] off factiods" in some programs of study, but is certainly NOT the case in Physics or Math. They also kept office hours, did lesson preparation, and had research projects going on. The research projects included students as laboratory assistants.
Come to think of it, even in my off-major courses, I would not accuse the professors of simply "rattl[ing] off factoids".
I've heard of courses held in enormous lecture halls, in which the professor has no interaction with the students. I've never experienced one.
so he’s got an MBA but HR doesn’t understand compound interest?
The government needs to be out of the business of student loans.
Only private businesses should do student loans. And people should be able to file for bankruptcy if they can't make the loans.
I did not have any hope that the federal government would pay off my student loans, so I worked my way through college and graduate school, lived in crappy apartments (furnished with garage sale and thrift store furniture), and drove the cheapest working vehicles I could find. I did not have any college loans and paid off my graduate school loans (covering the fraction of tuition and fees that I could not pay while working my way through graduate school) in one year, so I would be debt free when I married my wife.
During the almost 40 years we have been married, we did not have any hope that the federal government would pay off our mortgages, business loans, car loans, credit cards, etc., so we paid them all off ourselves. We also waited until five years after we were married to start having kids, so that we could afford for my wife to be a full-time mother.
When our kids went to college, we did not have any hope that the federal government would pay off their college loans, so we made them go to state colleges with low-cost tuition (most of their high school friends went to high-cost private colleges) and work their way through college, so that they would not have any college loans. One of our kids worked crap jobs full time for two years after high school and before starting college and then finished four years of college in three years. Our other kids worked part time during the semesters and full time each summer. All graduated debt free.
I am going to feel like a real rube if we end up paying off everyone else’s college loans.
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