RE:RE:RE:RE:RE:43 million Americans just got a fat raise JohnnyDoe wrote: Chrisinvan7 wrote: On the one hand I feel bad for these students that were sold a bill of goods, the promise of better jobs and a bright future if they went to college and got a 4 year degree that comes with $150K of debt. On the other hand, shame on the government for causing this problem in the first place, guaranteeing student loans without regard for ability to be paid back in the future, what did you think would be the result?
This announcement should have come with the caveat that the government is getting out of the student loan business for good, tuitions would be cut in half tomorrow if that was the case. Unfortuanetly government will continue driving up the cost of a 4 year degree while simultaneously watering down its value. Crazy irony.
A huge part of the problem is universities, with their tenured professor system haven't really changed much over the years whereas the definition of well educated has. There's a ton of university degrees that really are of little value in 2022. Outside of the stem subjects, most of what's available at the university levels isn't of much value. In Ontario, the community college programs are doing a much better job of preparing people to be employed. Equipping them with skills that lead directly to jobs. And at much lower rates.
My kids are at an age where they are either in post secondary or recently finished. They will all be employed and none of them will have debt. On the other hand, I saw first hand a lot of kids leave home to study subjects that won't lead to stable employment and a good income and sadly they came from family backgrounds that weren't able to provide the financial support that I provided my kids. So they're saddled in debt and not particularly employable. Just a horrific start in life. I know a 25 year that has 40 k in debt, works at Starbucks (yes I know the barista cliche) but she has a degree from Queens. She'd have been better off staying home, studying at college. She'd have no debt and a job that pays her a heck of a lot better than Starbucks
Hi Johnny. I think you are confusing educated with accredited. Almost everybody now gets an education in order to become employed or so the thinking goes. The purpose of an education is to enable you to be educated and be better able to understand the world around us. Getting a job was not part of the initial defiition and hence why in most cases it was restricted to those who had means. Case in point a member of my family who is a chartered accountant but had no idea where the Crimea was.