Alright.
I guess I’ll never know what the cultural bias is.
These fields cannot be so vital if no one wants to hire those who study them. Perhaps the universities should be honest with their students and warn them that they are studying in a useless major. Ah, but then what to do with all those useless professors who teach those useless majors?
This debt bubble is no different from the causes of the housing bubble in 2007 - government policies and money (and Federal Reserve low interest rates) pushing money stupidly to people who should not go to college and should not have the money.
When this bubble pops, the amount of fraud revealed will be shocking.
1) The emblem on the top of the page is "Howling Flyl University" (with a nonsensical Latin slogan) which is the URL of the site . And yet the the site Home Page (howlingfly.com) is "under construction."
2) How else can we explain the article's "case in point?"
How does a student with a loan of $350Gs for a degree in "Sub-Saharan African Cultures" with no prospects of a well paying job prove their point that 'college debt will make students shy away from fields of study with poor earning potential?'
Doesn't it prove the opposite. Students reckless enough to waste their own money in debt for a worthless degree will be at lease as reckless if someone else is paying. And in the later case it would be us and not them on the hook for that money.
I knew there was a reason students pile up debt, i just didn’t know it was cultural and racial bias.
There is no crisis. Whoever borrowed the needs to pay it back. Simple.....
There’s a whole lot of stupid out there, but the Universities are guilty too, A friend’s daughter racked up $230K for a Art History Degree and Masters in Philosophy. She is now a High School teacher just barely surviving.
My Daughter spent 2 years at Community College, licensed in Radiology and has a Job at a good Hospital $3000. I supported her $1000 a month while she did it, but she does have a Paid For House I bought her with her Inheritance from my father, so $1000 was plenty
From the article...
Case in point - a recent Howyflyl graduate received a Magna Cum Laude Masters in Sub-Saharan African Cultures but has been unable to find employment sufficient to pay her $350,000 loan debt.
I stopped there as they were trying to point to others for the lack of positions in this area...
But they got paid, you can be sure of that
I bought a house that appealed to me at the time. The neighborhood kinda sucks and my house didn’t rise to my expectations. Can the government please come in and relieve me of this debt? Now about my car...................