bump for later to see if I benefited from said college bubble.
bump for later
Yes, the college bubble will burst. If not sooner, then it will after the bond collapse and interest rate hikes. Academics had best hope that their Uncle Ben makes that ride to the bottom as gradual and smooth as possible. Otherwise, their free traitor relatives will dump employees in efforts to drop oil prices and seize the economy up in a day.
It’s late. Government spending has already taken us to the precipice, and favored constituents are surely taking us over it now.
Have fun!
And what do these two things have in common: enomrous governmet subsidies and enormous government involvment/interferrence. Market forces are not at work in either of these.
I work with a kid who put himself through Penn State. We hired him because he was sharp, a good problem solver, and has very good all around computing skills. His degree had nothing to do with it, and I’ve actually asked him to let me know when something he learned at Penn helps him in his current job since he is now paying back a $90,000.00 student loan.
Many if not most, students use loans to finance their quest for a diploma. Paying off those loans—and the interest thereon—is a major financial hurdle for graduates and even worse for those who ultimatley drop out and fail to get the coveted passport to future success—the college diploma.
They often become trapped in lower paying jobs while having to pay off their loans.
And of course the colleges help by encouraging students NOT to graduate in four years but to take as many years as they need, piling up minimum annual tuition costs financed of course by additonal loans.
Where’s the conspiracy when it’s all happening in plain view, at least to anyone who’s worked next to people who are “college educated”, or tried getting a job after jumping through all those hoops to get a degree? I hate it when people start using words like “conspiracy” because it takes the discussion away from cold, hard facts and into clumsy speculation, which makes people making a very valid point look dumb.