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The College Wealth Premium Has Collapsed
The Atlantic ^ | 8 January 2020 | Annie Lowrey

Posted on 01/13/2020 3:59:56 AM PST by Erik Latranyi

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To: Adder
College still boosts graduates’ earnings So they can pay off student loans..

Not to mention that under the Public Service Loan Forgiveness Program the remaining debt of qualifying student loans are forgiven after 10 years of full time employment in government organizations at any level (federal, state, local, or tribal) or secular work in 501(c)(3) non-profits and some that are not 501(c)(3), all of which includes workers in teaching, non-partisan social work and public defenders, state-regulated child care, pre-kindergarten, Head Start. nurse practitioners, and who make their 120 on-time monthly payments in their repayment plan. No wonder such abound with liberals.

And "The congressional spending bill signed by President Donald Trump [2018] contained a nice surprise – relief for student loan borrowers who work in public service. "

21 posted on 01/13/2020 4:45:15 AM PST by daniel1212 ( Trust the risen Lord Jesus to save you as a damned and destitute sinner + be baptized + follow Him)
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To: Erik Latranyi

Even medical education degrees are an outrageous albatross of student loan debt among this highly paid profession. It’s high time we question why is the cost so high and where does all this money go to? Leftist elites love their big $$$$$ yet preach socialism. Leftists are hypocrite liars and greedy ones at that.


22 posted on 01/13/2020 4:45:44 AM PST by tflabo (Truth or tyranny)
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To: Erik Latranyi

If you add a college degree to a journeyman plumbers or electricians license, you will never be unable to obtain a good job with good wages. If you forgo the college degree part, you will still enjoy the good job and good wages.


23 posted on 01/13/2020 4:48:24 AM PST by blackdog (Making wine cave appearances upon request.)
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To: billyboy15
If the integrity of the exam process is solid then there shouldn't be any problem.

The testing centers I've been to for some online tests do everything but a full body search to insure no cheating.

24 posted on 01/13/2020 4:58:11 AM PST by ealgeone
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To: Erik Latranyi

Get rid of H-1B vidas and stop ALL legal immigration and watch opportunities and wages really go up, like they should.


25 posted on 01/13/2020 5:04:34 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: Erik Latranyi

Another worthless study. My oldest son and three of his cousins graduated college at the same time. He is a business major with an Information Systems minor and earns a six figure salary after less than four years. One of his cousins went into education and earns about 1/3 of that. The other two were psych majors and make a little more than a cashier at the local Market Basket. Of the four, the two that make the least financed the most (nearly 100%), had the ‘full college experience’ (live on campus, study abroad, etc.), and blame their lack of financial success on lack of education (need PHD to make money in their field). There is a lot more wrong with education than the price.


26 posted on 01/13/2020 5:07:37 AM PST by wizwor
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To: Erik Latranyi

I’m not defending American colleges, but it is necessary to take into account the ‘education’ most Americans receive prior to college.

Where I work, we see a high school diploma as simply worthless. We see a 2-year community college degree as meaning that the person can read at an 8th grade level (enough for simple tasks). We see a 4-year degree as meaning that the person can read at a high school level, and write meaningful sentences. And we only see STEM degrees as meaning the person is functional in math.


27 posted on 01/13/2020 5:15:16 AM PST by BobL (I eat at McDonald's and shop at Walmart - I just don't tell anyone.)
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To: ealgeone

I think it would be the prejudices of the exec doing the hiring. They may feel as if on line courses are not “real learning” in the sense of how they had to do it.

There is definitely a good old boy network when it comes to certain fields and companies where the HR individual would not consider a graduate from a college with a strong rivalry with his own.

I actually believe the online learning will eventually take over ALL levels of education from first grade and up.


28 posted on 01/13/2020 5:20:02 AM PST by billyboy15
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To: Erik Latranyi
The cost savings are not being passed on because, for now, the incumbent providers in higher education are using them to support the traditional bloated staff, massive infrastructure, and student housing costs. Yet that practice cannot continue indefinitely because of competition and overall pressure as to cost and performance.

Higher education is reacting now like newspapers did when the Internet first began nipping at their heels, with a combination of denial and whistling past the graveyard as the leaders mostly calculate how long they must last before they can retire. Soon enough, students and parents familiar with internet-based instruction in elementary and high school will expect it in higher education and will demand that potential cost savings be passed on to them.

29 posted on 01/13/2020 5:24:54 AM PST by Rockingham
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To: billyboy15
I concur with your assessment.

Regarding school....already seeing that at the High School level.

30 posted on 01/13/2020 5:25:53 AM PST by ealgeone
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To: Chickensoup

I took my Safety Instrument Systems (ISA 84, IEC61511) certification exam at one of those computer test centers.


31 posted on 01/13/2020 5:33:00 AM PST by Fred Hayek (The Democratic Party is now the operational arm of the CPUSA)
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To: Adder
Student loans. The reason the rate of return for a college degree has gone down, not up.

Obama federalized the student loan program under his regime. With the government guaranteeing the student loans, the tuitions shot through the roof. Because universities knew if they were guaranteed to get their money back, they could charge as much as the traffic would bear.

Some students graduate with student loans that they will never be able to pay back. The taxpayers will eventually bail the system out. I've read horror story after horror story about graduating with a $150,000 loan and after ten years of payments, they still owe $165,000.

A no win situation for anybody but the schools and banks. The students or borrowers, are left with no way to earn enough to be able to afford paying the loans off.

In the value-added formula, this makes college degrees less affordable and less valuable.

It doesn't help that the Leftist schools started padding their curriculum with worthless majors, like women's studies, gay black studies and transgender basket weaving studies. College graduates today get out of school not knowing how to read very well, spell, do math, know history, all the basics of educations in the past.

One would do better to go to trade school and learn to be a plumber, an electrician or a computer programmer. Nobody is hiring gay history majors in real jobs that pay good money.

32 posted on 01/13/2020 5:33:41 AM PST by HotHunt (Been there. Done that.)
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To: Erik Latranyi
One professor can create an online course to teach tens of thousands, not just 50 or 100 in a classroom.

Totally agree. I think education is ripe for re-invention. Probably a lot fewer jobs in the future if they use automation well. You always need a little "hands on" help, I don't see why we need massive buildings filled with classrooms that are filled with bored students.

33 posted on 01/13/2020 5:56:48 AM PST by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
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To: Erik Latranyi

Actually, no. I don’t agree with this for a multitude of reasons, not the least of which is we are getting MASSIVE and I mean massive amounts of research showing that precisely what is wrong is “online study.” Namely, the substitution of devices for human interaction is rapidly becoming a plague.
(See “iGen” by researcher Jean Twenge, who used FOUR data bases of 11 MILLION students over 40 years. This is a staggeringly big database and the culprit, the iPhone & internet, clearly stands out in this research).

Moreover, having taught for over 35 years, I can tell you that the human interaction-—which you absolutely cannot replicate in screen forums-—is critical. People need to see each other’s faces real time, read nuances. Most important, there is a classroom dynamic that cannot be mimicked over the web.

I know it sounds logical, that just exchanging live settings for remote will work, but it doesn’t. I have seen this in my own numerous interviews on Fox and other channels: when I’m live in the studio there is a markedly different dynamic than when I’m remote. I’m pretty sure I can even track book sales or non-sales to the times I’m live vs. remote.


34 posted on 01/13/2020 6:00:20 AM PST by LS ("Castles made of sand, fall in the sea . . . eventually" (Hendrix))
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To: where's_the_Outrage?

Interesting. BTW, one knock against vets is “they aren’t educated.” Pardon me, but I thought virtually ALL officers now in all branches were college grads and most with post-grad experience.


35 posted on 01/13/2020 6:02:17 AM PST by LS ("Castles made of sand, fall in the sea . . . eventually" (Hendrix))
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To: Erik Latranyi
It isn't the same. Also, who can afford the lab equipment necessary with some fields of study?

Some people should go to trade school, others cannot.

36 posted on 01/13/2020 6:09:44 AM PST by GingisK
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To: Erik Latranyi
Online studies would reduce the “propaganda” portion of education.

How so? The same people would write the material.

People with your opinion obviously majored in subjects that did not require laboratory facilities. Also, universities are more than a trade school. They address the "whole man".

37 posted on 01/13/2020 6:14:09 AM PST by GingisK
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To: ealgeone
Does your seminary work require a fully equipped electronics lab? A chemistry lab? So, you see, what you study determines if you will need a physical facility or not.

People, you sound so very ignorant to be painting with such a broad and shallow brush.

38 posted on 01/13/2020 6:17:07 AM PST by GingisK
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To: Erik Latranyi

College tuition way way up in real terms and hey, while we’re at it let’s flood the country with cheap labor by handing out H1b visas in India like cotton candy.

Say........why isn’t a college education a good deal anymore?

BTW brainwashed Millennials, YOU are the ones being screwed over in all this. All those Lefty college profs, all those “no borders” and “you’re a racist if you disagree” Leftists you like? They’re SCREWING YOU. Wake up.


39 posted on 01/13/2020 6:18:04 AM PST by FLT-bird
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To: daniel1212

You do know that a university is not a trade school, don’t you?


40 posted on 01/13/2020 6:18:21 AM PST by GingisK
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