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College is a scam — so let’s make money off it (skyrocketing student-loan debt)
Market Watch ^ | 05/27/11 | James Altucher

Posted on 05/29/2011 6:55:00 AM PDT by TigerLikesRooster

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To: grey_whiskers

I would think most kids could get everything they need from their local community college with perhaps a few courses at the watering holes close to the better universities to get Linkedin. A few years ago I would have included military service in the stack but I couldn’t see myself serving under a communist CinC and sleeping in a room filled with queers.


41 posted on 05/29/2011 11:02:45 AM PDT by B4Ranch (Allowing Islam into America is akin to injecting yourself with AIDS to prove how tolerant you are...)
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To: TigerLikesRooster

Liberal elites run colleges. Liberal elites are scammers. College is a scam...


42 posted on 05/29/2011 11:06:23 AM PDT by GOPJ (http://www.citizenwarrior.com/2009/05/terrifying-brilliance-of-islam.html)
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To: Carry_Okie
All that stuff about literacy, roundedness, or good citizenship pales compared to the overwhelming need to acquire the credentials with which to find a job.

Credentials are worthless if they aren't backed up with knowledge and/or experience.

43 posted on 05/29/2011 1:52:21 PM PDT by rabscuttle385 (Live Free or Die)
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To: rabscuttle385
Credentials are worthless if they aren't backed up with knowledge and/or experience.

What kind of idealized dream world do you live in? I have two words that can prove absolutely that credentials alone can have great worth, absolutely lacking any reasonable degree of competence:

Affirmative action.

Personnel departments, nationwide, are now so cowed by lawyers that they'll make that incompetent hire no matter what just to fill a slot, but only as long as the applicant possesses appropriate credentials. Therefore, credentials indeed have worth, any influence of reality notwithstanding.

44 posted on 05/29/2011 6:46:21 PM PDT by Carry_Okie (The environment is too complex and too important to manage by central planning.)
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To: Carry_Okie

Would you accept someone who just passed the test as sufficient?


45 posted on 05/30/2011 4:10:19 AM PDT by 1010RD (First, Do No Harm)
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To: TigerLikesRooster

Let’s look at some of these “students” that are in debt too. Many of the diploma mills will accept homeless people.


46 posted on 05/30/2011 4:14:58 AM PDT by IamConservative (If being a vegan is such a good idea, why do vegans try to make vegetables taste like meat?)
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To: Founding Father

Excellent solutions.


47 posted on 05/30/2011 4:22:29 AM PDT by 1010RD (First, Do No Harm)
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To: 1010RD
Would you accept someone who just passed the test as sufficient?

No, but when you think about it, that's all the educrats do. I said there should be a guarantee too. Nobody does a good job of verification unless they've got a stake in the outcome.

48 posted on 05/30/2011 6:32:58 AM PDT by Carry_Okie (The environment is too complex and too important to manage by central planning.)
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To: TigerLikesRooster

Yes, more companies should hire high school dropouts, because they’re all exactly like Bill Gates who dropped out of college himself. The last thing an employer needs is some lazy good for nothing kid who spent four or more years trying learn something useful.


49 posted on 05/31/2011 10:56:32 AM PDT by Melas (Sent via Galaxy Tab)
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To: pnh102
f my plans work out as I hope they do, my children, should they choose to go to college, will be living at home, since I am already paying once for their room and board here. Why should they pay more to live on campus?

One word: Money. Degrees aren't created equal. My brother is an educated man with a masters in his field, but all from state U. His daughter went to an Ivy League school, and only has a BA. At 34 she was already a VP in a multinational. In his own words, "She lives a lifestyle that I could never afford to become accustomed to."

I didn't read it online, so I probably doesn't count, but the WSJ did a study and found that Ivy League grads could expect to earn close to 50% more in their lifetimes than those with comparable degrees from state universities.

50 posted on 05/31/2011 11:03:27 AM PDT by Melas (Sent via Galaxy Tab)
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To: Melas
... but the WSJ did a study and found that Ivy League grads could expect to earn close to 50% more in their lifetimes than those with comparable degrees from state universities.

That does make sense... but if someone is smart enough to go to an Ivy League school then there is certainly going to be some financial aid in the cards that would make such an education affordable. If someone has to pay full MSRP for an Ivy League education, that person probably does not belong there in the first place.

That being said, while Ivy League grads may have it in the cards to earn more, that doesn't mean that a person with drive and ambition who lacks a degree or who has a degree from a "lesser" school is relegated to a life of not making a good amount of money, either.

51 posted on 05/31/2011 11:36:29 AM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: pnh102
That being said, while Ivy League grads may have it in the cards to earn more, that doesn't mean that a person with drive and ambition who lacks a degree or who has a degree from a "lesser" school is relegated to a life of not making a good amount of money, either.

Oh without a doubt. However, I'm a firm believer that exceptions never prove rules, so I'd advise any young person to get the best education from the best school they can afford. It makes the odds of a successful career much more likely.

52 posted on 05/31/2011 11:50:45 AM PDT by Melas (Sent via Galaxy Tab)
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To: Piers-the-Ploughman

“Why is it important students be allowed to default on their loans? Seems like the exact opposite of what we should want”

No. The banks have very low risk now. Anyone gets a loan. Whenever you subsidize something the price goes up. (see housing). Interest rates represent risk.

The lender should assume responsibility if the borrower goes bankrupt. This would mean fewer loans to potential students, which decreases the demand for college and lowers the price.
Simple Supply/Demand.

(sorry for the delay)


53 posted on 05/31/2011 2:11:46 PM PDT by cowtowney
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