On a separate topic related to college students and cost or dept from their college years, the credit card companies have really started to prey upon them and many leave college already in negative financial growth most likely also picked up by the parents. With the value of the dollar in decline and those who finance our national dept in the area of credit cards seeking higher or equal returns, it will require higher interest rates on these credit cards. With the higher interest rates whether initial, increased by late payments, or by changes in the laws that may restrict the limit of the interest rates, students could face interest rates double or more of the current rates. This would concern everyone with a credit card but my point is refined to college students. If anyone knows this to be untrue feel free to correct me.
From the website:
Vision: To create a university that equips its graduates both with the skills and confidence to build and participate in sustainable businesses, and with a dynamic orthodoxy of faith for passionate practice in the work place and marketplace.
Mission and Core Purpose: NCU will shape innovators, leaders and entrepreneurs at the intersections of business, technology and communications media, guided by the spiritual, moral and social teachings of Jesus Christ
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There is a huge need for this type of college. There are enough Liberal Arts majors who are working in minimum wage jobs.
She should have studied Health Information. That's what I'm currently doing. I am a Health Information Technology student at a technical college in Green Bay. Huge demand for my field right now.
many americans are choosing vocational schools now over college - and its the right choice in many cases, especially with what is happening to tech and other white collar professional jobs with offshoring.
BUMP
The problem with colleges and universities is that much of the curriculum and degree fields lead to limited, or low-paying, or non-existent jobs. For example:
1) Philosophy
2) Women's Studies
3) Social Work
4) Art
5) Liberal Arts
6) Greek Literature (unless one plans to teach)
7) History (unless one plans to teach)
8) Black Studies (unless one plans to teach at the college/university level)
But the real problem is that the education system, itself, has failed to keep pace with the needs of the current world. That explains why so many private and "trade" schools are succeeding where traditional colleges and universities are not.
The bill is far higher. It neglects 6 years of lost wages. Assuming she'd been waitressing for those six years, she's probably lost 6 x $20-30k = $120-180k, for a grand total of $270-330k. I would rather buy my daughter a house.
I'm only considering six Catholic colleges for my daughters. The purpose of their education will not be for job training, but rather as preparation for life.
One local college that I'm looking at, Magdalene College in NH, charges only $8k/year for tuition and $13k for room and board. Sure state colleges are cheaper, but I could sell my daughters into prostitution and make out on the deal. I'm not going to pay the state for that.
College is largely a farce.
My degree in political science hasn't made me a lot of bucks over the years, but I've pursued a career with a Fortune 500 company that had nothing to do with my degree field.
Starting around the early '80s, preferred college majors had swung competely in the direction of specific career training, teaching students how to actually do something to make a living, and it has never gone back. Anybody who expects to make a living in the 2000's should carefully evaluate what sort of market will be available for your services when you graduate. A liberal arts degree in the social sciences will not allow a person to be competitive in today's market.
What a loser ... SIX YEARS AT COLLEGE ... $150,000 of her family's money studying social sciences ? What a moroon!
Looks like another mindless leftist!
What a loser ... SIX YEARS AT COLLEGE ... $150,000 of her family's money studying social sciences ? What a moroon!
Looks like another mindless leftist!
Useless degree ping.
150k for a worthless degree???? WHAT AN IDIOT! I wouldn't hire her for anything after showing that stupidity.
She showed no respect for her parents money by spending 150k on an education that if she was the best of the best in her field would likely top out around 75kish.
This shows poor planning for her own LIFE! If she plans that poorly for her own life, I don't want her involved in planning anything regarding my business.
I think the real point here is that she really didn't want to be a social worker, and if it was just a job like any other, she could make twice as much waiting tables as doing social work -- and probably have more fun doing so. Social work was not her passion -- or calling. The best-paying job is doing what you really love to do. If a job makes one miserable, it's not worth $100,000 a year, and you'll probably not stay in it very long, or a lot of problems will arise if one does. In many cases, such unhappy workers just bloat up -- to look like human pigs who exist for no other reason but to eat at the trough. Their lives have become totally meaningless -- and their appearance and attitudes reflect the way they feel upon themselves and their lives.
Finding one's true calling and niche is an individual journey and so each has his unique experience and story. It is the generalization that the sure path to success is simply piling on more education and degrees as a guarantee of success and happiness, that is the fallacy. One has to discover the person they are -- with their talents and predispositions. If one is the best greeter in the world at WalMart, that's far better than being a mediocre and indifferent brain surgeon -- or more likely, public school teacher whose only reason for remaining in their position, is the demand for higher pay at the next contract negotiation. And that is their only concern because they never talk about the challenge and excitement of teaching as though it was the expression of who they are. Instead, they disparage and denigrate it as a justification for more pay, creating their own resentment and bitterness at what they do. If teaching, or any other thing in life is not what you would do if all jobs were paid equally, you're in the wrong occupation and have to be in that field in which one has that advantage, that love, that fulfillment. That is the ultimate achievement of every life -- is finding out what one can do that nobody else can, and that is one's greatest service to the human race, human society.
As the Baby Boomers mature further into retirement, the really successful people realize this challenge to every life. Even if they don't pay you anymore -- what would you do, how will you create meaning in your life? If you don't, you will certainly shrivel up and die, waiting for the next health crisis to afflict you. But those who have a purpose and meaning, have the greatest reward of their lives. Is that worth $10,000, $100,000 or $1,000,000? At age 65, would you rather have $1,000,000 or feel like $1,000,000?
This is the answer beyond the question. Did you create a life of respect and enjoyment, or did you only have an existence of resentment and bitterness that will haunt you for the rest of your life?
During high school, I also attended a Vocational school where I learned Drafting and Design. I loved it and thought I could expand my knowledge by going in the military. I went in the navy and became a radioman. From 76 to 80, I did time at three commands and was basically a tape ape. Got out in 80 and reenlisted in 82. During those two years, I worked as a cab driver, gas station attendant, 7-11 clerk, went to college for one year, and was working construction before I went back in. From 82 to 96, I was still a tape ape in the Navy but picked up a lot of computer skills - mostly software - and was able to land a contractor job instructing people how to use the MS Office Suite. Did that from 96 to 2003, while going to school part time. In 2003, I got a job as a tech writer and graduate with an English major, holding a TS clearance - thank you USN! Now, I work as a Documentation Specialist and while I am not making the money I want, at 47 I am doing okay and each job I go to, I earn more. I have changed job titles and learned new stuff all my life. Basic question - what is wrong with these idiots!
Heh, it does depend heavily on what a person's major was.
Any sort of biology, chemistry, physics or engineering degree can land a job, and a masters or a Ph.D. means more responsibility and pay.
Now, history, social science, english, and etc are SOL unless they are very skilled and can get a job in academia.
$150,000? maybe if paying list price. By studying hard and acing entrance/standards exams (SAT, GMAT, etc.), being flexible about choosing schools, playing off personal advantages (gender, race, origin, disabilities, etc.), bargaining with schools, etc. one can bring the price way down.
A co-worker got 25% off his MBA school by being willing to fill in a last-minute entry-class vacancy. Someone dropped out of the program 2 days before it started, the school asked Ed if he wanted to fill the spot, and he said yes ... and recognizing that the school would rather charge less than have a vacancy (like airline seats), he demanded a 25% discount - and got it.
A friend has MS and wants to attend law school. Being unable to afford it, he studied like crazy, practically aced the entrance exams, applied to 30+ top schools, and made it clear he is disabled. Seeking "diversity", some schools will likely accept him at next to no cost.
My wife wants her MBA. Studying like crazy, she nailed a 4.0 in her last undergrad year, and scored moderately high on the GMAT. Being a foriegn national, female, high-scoring, requesting an assistantship, and applying to a big-name well-endowed school which finds itself lacking in students with the first two factors, there's a good chance tuition will be $50. Another school offered 75% off.
Most of my MSCE was paid by employers with a tuition reimbursment program. During a period of unemployment, NY state offered to pay my way (in a fit of ethics, I declined).
Yes, the list price for university degrees is high. Paying it makes entrance easy. Doing some work ahead of time, plus being flexible, can drop that price substantially. Work hard, play your strengths, get creative. Don't pay list price.
If this thread is still active in the morning, I'll put in my two cents.
,,, where I am student debt is something that students cringe about when it comes up in conversation. Plumbers and electricians don't give it any thought at all though as they sit on the beach in Fiji or New Caledonia during their breaks. They're in demand and that's a lesson you stay clear of university to learn and profit from.
Just think how much money she could be making, and how much good she could do to mankind, as a professional evolutionist!