This...Just....In....
"Shyte, 7 years of college down the drain!"
-- Senator John Blutarski
Fat, Drunk and Stupid DEAD is still no way to go through life.
Posted on 05/17/2013 10:51:24 PM PDT by george76
How the College-Industrial Complex drove tuition so high.
Class of 2013,
No one else is going to tell you this, so I might as well.
You sit here today, $30,000 or $40,000 in debt, as the latest victims of what may well be the biggest conspiracy in U.S. history. It is a conspiracy so big and powerful that Dan Brown won’t even touch it. It’s a conspiracy so insidious that you will rarely hear its name.
Move over, Illuminati. Stand down, Wall Street. Area 51? Pah. It’s nothing.
The biggest conspiracy of all? The College-Industrial Complex.
Consider this: You have just paid about three times as much for your degree as did someone graduating 30 years ago. That’s in constant dollars — in other words, after accounting for inflation. There is no evidence that you have received a degree three times as good. Some would wonder if you have received a degree even one times as good.
...
about 17% of those with student loans are more than 90 days’ delinquent on their interest payments. Yet he also calculates that 44% haven’t even entered the repayment period at all.
If you turn to the pages of any newspaper, you will read a lot of hand-wringing about this. You will hear attacks on “predatory” student-loan companies and “predatory ... for-profit colleges.” You will hear about cutbacks in Pell Grants and federal aid and proposals to lower the interest rate on subsidized federal loans. But all of these comments ignore one basic problem.
It’s the cost, stupid.
(Excerpt) Read more at marketwatch.com ...
If they change their names to Pedro or Maria and say they are from Mexico they might be able to earn a living. Or they can move to India and change their names to Indira and Raj.
Another part of the college-industrial complex - Obama nationalized student loans, and the federal government now makes $100 billion in profit from them. The federal government has a higher profit margin for the student loan program than many companies; I think I read this in Investor Business Daily.
Between the two, the elder is getting a better education at Stanford, but only because microbiology in soil is so new and dynamic that there are no texts. She reads papers and participates in small discussion groups. It is incredible how fast she is advancing.
Yet for all that, think about it for a minute. The best of her education consists of downloading papers and having a discussion that could be held over a glorified version of Skype. There really is no need for a bricks and mortar institution beyond the laboratories.
What needs to be undone is the monopoly on State sanctioned credentialing coupled with a transformation of early child educations. Here's how: Knowledge Economy: A Workable Plan to Transform Education.
All of this was a result of Griggs vs Duke Power.
Companies needed a way to validate capability without direct testing by themselves.
Enter the College-Industrial Complex stepped in to fill the void.
This is nothing more than Liberal/Progressive professors and administrators, squeezing money out of folks. Everyone wants to send their kid to college. So, they pay whatever is necessary. Just like the moron in the White House, they keep on doing whatever they can get away with.
You hear of tuition rates going up in California and kids protesting. Do they ever talk about cutting some of the waste, salaries or other perks of the professors and administrators.
The other day there was an article about college presidents making obscene amounts of money. Where’s that money coming from?
When parents started opting to send their kids to local schools, look what happened, tuition started to rise like everywhere else.
Tuition is nothing more than tax revenue for the schools. The more kids, the more they want, the more they get.
"Shyte, 7 years of college down the drain!"
-- Senator John Blutarski
Fat, Drunk and Stupid DEAD is still no way to go through life.
“Teachers unions are bankrupting the local governments.”
Many Americans (especially those that aren’t crushed as badly as us here in NJ by teachers’ unions) have no understanding of these unions. They are the leadership and owners of the Democratic Party (not “supporters” of it, or “represented by it”); if you have any doubts watch how many times Obama plugs them even when it is completely irrelevant. In discussions about cutting costs their puppet spouts silliness about 100,000 new teachers (he calls for this repeatedly); they are parasites on the taxpaying public and oppress them endlessly. THAT is the real reason why Dems have the welfare vote in the bag; it is a population that has never paid a teacher in their lives, and have no intention of ever doing it.
The only people I know who are better off then four years ago are public school teachers; they insulate themselves with raises that far outpace the inflation their Dem puppets won’t even acknowledge, and here in NJ they are directly responsible for a large number of foreclosures. It is difficult to sell a modest $250K house in a so-so neighborhood when it comes with a property tax bill of nearly $1,000 per month, especially as more and more of the population is working as temps or part-time.
While illegals have to be dealt with (and legal immigration, especially H1-B visas, have to be overhauled), the standard of living of these people is not enviable. Granted, they’ll never have to work a day in their lives with all of the freebies, but they will live in neighborhoods you wouldn’t want to be caught dead in at noon. They only come here because being poor here is better than being poor south of the border; at least here our poor people have a diabetes/obesity epidemic.
They might have been scammed, but they loved every second of it. And they will receive the full benefit of the results of obama’s policies.
“They might have been scammed, but they loved every second of it. And they will receive the full benefit of the results of obama’s policies.”
They are receiving “the full benefit”, and they’re not enjoying it. How long can people watch commercials with products they can’t buy, sharing them with families they can’t afford, etc.?
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