Hope your dad paid: These joyful Harvard Law grads may soon find that even their elite degrees don’t justify enormous loan burdens.
In a way the bubble has started to burst. A growing trend is for students to graduate early by accumulating credits in high school and community college during the summer. WSJ reported graduation in 3 to 3 1/2 years. My son will graduate in three years which means a 25% revenue loss for the school. If one attends community college for 2 years then finishes at a four year school, that is a 50% loss in revenue.
If a kid is not a scholar, a junior college for 2 years, then the state university is the way to go.
I owe 0.00 on college debt. I went for 2 years during high school, the high school paid the bill (thank you John Q tax payer)..
I do nothing in the field I went to school for now. I am doing much better in my first year in my new field than I did in my best year during my 15 years in the field I went to college for.
I have friends with 4 year degrees who can’t find work. Me, I have them begging me. Being book smart does not mean you can do the job. Proving you can to the right people gets your name out there and the phone does the rest of the work for you.
He said in EVERY men's room he used were facilities for muslims to wash their feet for their five times/day prayers.
F islam. FUBO.
I have a nephew who keeps harping on “Student debt forgiveness.”
I keep asking him “what was the caliber of the gun they held to your head when you promised to repay that which you borrowed?”
He, being a liberal (AKA “those with no money of their own”) keeps saying “we should support education.”
When I press him, he gives up (since he can’t win).
The idea that loans are sacred obligations that must be repaid is lost on this generation (and, from some FR responses lost on my generation as well).
I am pretty sure the official motto of the USA is “boo hoo, poor me! I chose badly! FIX MY BOO BOO!!”
And the scools spend every dime. They have bloated the administrations while the cost of scooling increases to the rate of inflation by double or triple. and over a decade...or two, the cost of school is waaaaaaay overpricved , so the students incur far more debt then should normally be had.
It's one thing to go into debt when you have awesome prospects, like 2 of my cousins, one of whom has law firms fighting over her once she finishes law school, and her brother, who had to decide which of 9 med schools to attend, after having graduated with degrees in biology and microbiology from Stanford with a 3.98GPA.
They're way smarter than I am.
Mark
Education spending is nothing more than a slush fund for liberalism.
Question:
If student loans were to be “forgiven” by the government, and the banks were to issuing institutions, why would any taxpayer approve of future loan guarantees by government, since, it will be a one way street and the loser is always the taxpayer.
Question:
If banks are the lending institutions for those student loans, and students are then forgiven those loans, why would any bank ever again make any loans to students?
Question:
Why would any business ever want to hire any graduate who started out his professional career wanting and getting his student loans erased from “personal responsibility”?
That's NOT the problem. It's liberal elites feeling they can work 8 hours a week and be paid $200,000 a year.
That's not the only way they rip off students and their parents ...
Colleges and the rip-off professors and administration put out textbooks that change frequently so students can't buy 'used' books.
Had a friend years back that used to write some of them - the publishers told him to make a few changes, they would change the cover and voila - college students would be screwed again by those 'oh so compassionate' liberals.
GREAT NEWS!
Headline should be:
“College Students Learn Government Debt Ruins Their Lives.”
Yes, students ARE learning something useful in college...
Perusing the classified section this last weekend, jobs advertised included truck drivers (CDL), nurses, automotive technicians, electricians, plumbers, etc. All could be obtained thru technical schools, community colleges and apprenticeships.