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I'm 28, Have $100K In Student Loan Debt, & I Can't Find A Full-Time Job
Yahoo Finance News ^ | August 29, 2018 | Ludmila Leiva

Posted on 08/30/2018 9:12:49 AM PDT by 11th_VA

For Alexandria Butler-McDow, 28, going to university didn’t provide the freedom and financial security she'd hoped for. After graduating with an associate’s degree from the California Culinary Academy (CCA) in San Francisco, CA, in 2008, Butler-McDow struggled to find a job that would allow her to support herself and her disabled mother while also paying off her enormous student loan bill.

Hopeful that a more advanced degree would help her make more money and better manage her debt, Butler-McDow went on to pursue a bachelor’s degree in culinary nutrition, concentrating on clinical dietetics at Johnson and Wales University (JWU) in Providence, RI. By the time she had finished her second degree, Butler-McDow was even deeper in debt.

Now, nearly four years after graduating with her second degree, Butler-McDow (better known as Chef Alexandria at Better Taste Productions) is a Los Angeles-based chef and culinary consultant focusing on nutrition and education — and she is still six figures in debt. Though she has defaulted on her loans and deferred some of her payments, the end of this ordeal is still out of her reach. “We are sold the notion that getting an education is what will improve our socioeconomic standing,” Butler-McDow told Refinery29. “My degrees were supposed to bring me out of poverty but they’ve just anchored me.” ...

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Culture/Society; Extended News; News/Current Events; US: California
KEYWORDS: debt; education; frauduniversity; governmentemployment; millennials; politicalclass; socialism; studentloans
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To: 11th_VA

Sue the involved institutions.


221 posted on 08/30/2018 12:14:12 PM PDT by Paladin2
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To: gubamyster
She could have bought a cook book for $50 & saved herself a lot of money & time.

One of my son-in-laws never went to college, just average grades in high school. He did however hold various jobs in restaurants and learned to cook while earning money. All without college. But... he pulls in over $5000 after expenses selling lemonade at weekend events, can make enough money in a few weeks to last the year. He has vendor trailers and permits. Yes, makes more money with lemonade than cooking (but it's awesome lemonade). Outside that, he does carpentry and sheetrock, no college required, no loans to worry about.

222 posted on 08/30/2018 12:14:21 PM PDT by roadcat
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To: FrdmLvr
She paid $100,000 for an associates degree???!!!! A two year program at a community college?

The California Culinary Academy is not a community college. It's a group of buildings sprinkled around SF that specializes in training cooks and chefs, and they run restaurants within the building offering fancy fare. I've attended lunches there with business groups, and the food and service is indeed fancy. I doubt that she spent that much just for the associates, must have included the bachelors degree also.

223 posted on 08/30/2018 12:21:48 PM PDT by roadcat
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To: VRWCarea51

She was probably bucking for a star slot on The Food Network Channel


224 posted on 08/30/2018 12:22:07 PM PDT by Noumenon (When all liberals have is a hammer, every problem is a nail in YOUR coffin.)
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To: PapaBear3625

No, you’re an inveterate anti-woman poster. I thought most of you guys had gravitated towards the Q threads but here you are off-topic as always!


225 posted on 08/30/2018 12:24:42 PM PDT by miss marmelstein
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To: roadcat

Now that’s a success story! And the best part - he probably get paid in cash for the most part.


226 posted on 08/30/2018 12:26:51 PM PDT by gubamyster
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To: roadcat

So your son has a food cart or trailer? That’s very cool. The best coffee I ever had was from a Vietnamese guy who had his own little truck right outside NYU.

Good luck to your son!


227 posted on 08/30/2018 12:27:24 PM PDT by miss marmelstein
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To: gubamyster

$10.00 would have bought her both a used Betty Crocker Cookbook for the basics along with a used Julia Child’s Master the Art of French Cooking for graduate studies. Not knowing she’d racked up $100k in debt and didn’t care proves she’s too stupid to boil water.


228 posted on 08/30/2018 12:28:46 PM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: Moonman62

Claim she’s gay and the Red Hen will hire her.


229 posted on 08/30/2018 12:35:15 PM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: bgill
too stupid to boil water

LOL. That's pretty stupid on the stupid scale.


230 posted on 08/30/2018 12:43:17 PM PDT by Magnum44 (My comprehensive terrorism plan: Hunt them down and kill them)
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To: Vigilanteman

There used to be (probably still are) government programs that teach a trade, pay for campus dorms and give you 40 hours/wk min wage.

In CA, there’s all sorts of tv shows like Master Chef or Chopped or Best Baker she could have signed up for. Or get a couple of her equally unemployed culinary school friends and go on Food Truck Race. She could have applied for a job at a legitimate restaurant and worked her way up rather than scooping ice cream at the mall. If she were any sort of self starter, which she’s proven she isn’t but I’ll play along, she could have used that $100k to open her own restaurant.


231 posted on 08/30/2018 12:47:47 PM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: miss marmelstein

My son-in-law has a food trailer, and a wooden stand. Depending on the event, he might bring the wooden stand pieces via his pickup truck and then assemble the stand (one he built himself). His family has done events for decades, between him and his brothers they have multiple trailers but it’s not their main gig, just a side thing. Right now, he’s trying to build a restaurant within his building. He and my daughter bought a rundown apartment building for cheap, and are converting it to a combination residence and cafe. Upper floor is the residence. Nice thing is they own it outright, so no lease problems when they get a cafe going. They’ve been doing this on a shoestring budget, with minimal costs and no loans. My daughter, having a university degree, has a good job so income is steady, but will quit when they get the cafe going.


232 posted on 08/30/2018 12:49:43 PM PDT by roadcat
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To: 11th_VA

Women used to know how to cook.


233 posted on 08/30/2018 1:01:32 PM PDT by Harpotoo
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To: 11th_VA

With some degrees you can find jobs, with other degrees you can’t. She got a degree that is not much in demand.


234 posted on 08/30/2018 1:15:12 PM PDT by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: 11th_VA

Also, she could have worked while going to college, instead of accumulating a huge debt.


235 posted on 08/30/2018 1:16:16 PM PDT by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: dfwgator; Chickensoup

I would say education is less than half the equation - much less than half.

I was telling Chickensoup some time ago about my experience with the insurance companies - I had passed the first two actuarial exams with flying colors, but even before that I met with the companies that came to campus. I asked them what courses to take and that sort of thing, and they don’t give you a straight answer. I suppose (1) they don’t want to feel obligated, and (2) education really isn’t that important.

You go on the interview and what do they ask you?

What was your most satisfying experience, biggest disappointment, what do you do for fun? What other jobs have you held? There was nothing at all about what did you learn.

Griggs vs. Duke Power needs to be vacated.


236 posted on 08/30/2018 1:17:53 PM PDT by scrabblehack
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To: scrabblehack
Don't forget the "Masonic Handshake"....



"It opens doors, I'm telling you."
237 posted on 08/30/2018 1:20:52 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: roadcat

That sounds great. Again, good luck.


238 posted on 08/30/2018 1:22:31 PM PDT by miss marmelstein
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To: semantic

I’ve never seen a better explanation for this! Being blessed with an IQ over 100, it never dawned on me that’s why people get scammed and taken advantage of. And no I’m not being sarcastic. It’s like a bell just went off in my head.


239 posted on 08/30/2018 1:38:29 PM PDT by Patriotic1 (Dic mihi solum facta, domina - Just the facts, ma'am)
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To: bgill
If she were any sort of self starter . . . she could have used that $100k to open her own restaurant.

The root cause of the problem is that nobody would loan her $100K to open a restaurant, but it is easy to get in that kind of debt with guaranteed government loans.

Fedzilla need to be driven out of the student loan buiness and have their virtual monopoly on said business broken up and sold.

There are already two (perhaps more) replacement models successfully in place:

  1. The North Dakota model. North Dakota has a state owned bank which makes student loans for all the post high school educational loans in the state. Their default rate is near zero. The reason it is near zero is because it charges low rates for a marketable field of study and high rates for less marketable fields of study. It also limits the loan amounts based on the field, a higher amount for students making progress in a marketable degree. Lower amounts and low ceilings for students making slow process in less marketable degrees. Guess where most of the very few defaults occur?

  2. The Hillsdale College model. I've heard Grove City and some of the more conservative colleges are doing something similar. Hillsdale has their own group of approved lenders lined up. Again, their default rate is negligible because most of their students are expected to work and are highly marketable when they graduate. There is no reason that other institutions of higher learning can't do the same thing.

There you have it-- two successful models, both a state based solution and a private institution based solution. There are undoubtedly other variations on the same themes. BREAK UP THE FEDZILLA MONOPOLY AND GET THEM OUT OF THE BUSINESS!
240 posted on 08/30/2018 1:39:56 PM PDT by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
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