Posted on 06/02/2010 5:42:59 AM PDT by jdsteel
Like many middle-class families, Cortney Munna and her mother began the college selection process with a grim determination. They would do whatever they could to get Cortney into the best possible college, and they maintained a blind faith that the investment would be worth it.
Today, however, Ms. Munna, a 26-year-old graduate of New York University, has nearly $100,000 in student loan debt from her four years in college, and affording the full monthly payments would be a struggle. For much of the time since her 2005 graduation, she's been enrolled in night school, which allows her to defer loan payments. .... (this found 3/4 of the way through the article:) She recently received a raise and now makes $22 an hour working for a photographer. It's the highest salary she's earned since graduating with an interdisciplinary degree in religious and women's studies. After taxes, she takes home about $2,300 a month. Rent runs $750, and the full monthly payments on her student loans would be about $700 if they weren't being deferred, which would not leave a lot left over.
(Excerpt) Read more at finance.yahoo.com ...
If you are going to go into debt to the tune of $100K in a major or majors that have absolutely no real-world application, that's your problem.
Aren't these two mutually exclusive?
Feminism is it's own religion and abortion is it's holiest sacrament.
IMO, don’t go into debt if you can afford to pay it back.
Here’s a cure for this issue: cancel, end, excise, and otherwise get rid of women’s studies, chicano studies, african-american studies, in fact all studies that don’t have an adequate job base beyond the fry bin at Wendy’s. Same goes for language-based classes unless they can tie more jobs to the degree. End of story. Purge these useless programs, the useless professors and, worst of all, the useless students that are the product of all this academic masturbation.
My friend’s daughter graduated in Women’s Studies from the U of M in ‘09....I believe she’s still working as a receptionist at her friend’s father’s auto dealership.
Average indebtedness for an NYU grad in 08 was $34K. WTH did she do with the other money?
My kids are 1 and 3 years from college. We have had this very discussion at home.
Going into debt for a BS degree is a thing of the past as middle class families will actually perform a cost analysis of what degrees/universities are worth.
That’s average. Some have no debt, others borrowed a high % of the total cost.
I don't suppose that it ever crossed Ms.Munna's mind that getting a worthless degree would be, well, worthless? Her decision to persue a worthless occupation had dire consequences to her life.
Ms. Munna should now bite the bullet and enroll in a program to help her learn something of value, like maybe being a sonogram tech, or an x-ray tech, or a plumber, or a car mechanic, or something which people are willing to pay for.
...while Ms. Munna is going to a trade school, her debt would be postponed, and when she graduated, she just may be able to pay the debt....
I earned my teaching degree from U of Akron. I was lucky: I received a partial athletic scholarship from the rifle team and my parents paid the rest. My parents did not have to do that and I can’t thank them enough. My brother-in-law earned his teaching degree from Hiram college to the tune of $25 K a year. He made $25 K his first year out of college. It just doesn’t make sense.
Four years of drinking, partying and Marxist indoctrination in exchange for a life of debt servitude. Not a good choice.
Even deliberate tax cheats will be offered settlement offers from the IRS when caught.
It is draconian the way the system is now.
I don’t care if they want to study Underwater Basketweaving ... as long as I don’t have to pay for it.
But you know we WILL have to pay for her useless degree, and many more like her.
Methinks she didn't learn much...
It is pay now or pay later. College, for the most part before WWII, was for the intelligent and the rich. It will probably be that way again soon. This person obviously was not intelligent enough not know that a woman studies degree was not worth $100,000. And she definately was not rich enough to afford it.
Your sympathy is misplaced, dangerous and nonsense. Debt forgiveness means someone else pays. This young lady and her mother were clearly too ignorant to benefit from an investment of $100K plus in her education. Payscale.com has some interesting statistics on the ROI on college majors. Essentially this young lady, like many others, treated education as a consumer good rather than an investment good. She bought a BMW when she could only afford a Ford. Too bad, but I, as a tax payer, do want to subsidsize stupidity and ignorance, since that is one way of ensuring that we will get more of both. She does indeed need to toil away and pay off her debts.
Obviously I meant “do NOT want to subsidsize stupidity”
Studying women can be a damn expensive hobby.
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