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Jan. 15th, 2012 @ 11:07 am (no subject)
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pestering
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From:gothelittle
Date:January 16th, 2012 01:58 am (UTC)

Re: Not even touching it!

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I've been saying for a while now that the student loan fiasco is a bubble! I'm glad to hear I'm not the only one!
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From:Nyxilis Mistwalker
Date:January 16th, 2012 03:05 am (UTC)

Re: Not even touching it!

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Oh gosh no you're not! At 29 a lot of my friends, associates, or even enemies went to various colleges for a wide variety of degrees. I also worked for an employment agency for sometime, as an interviewer & hunter and began to find out what employers want and don't want. Combination of things I'd run into.

1. A lot of degrees don't mean anything. My much older boss used to say that once upon a time it instantly did but there are so many out there now they're a dime a dozen. Half the time they might require a degree by default but 30+ people can meet that to. Some companies just don't care anymore and just want direct experience in the field before a degree in it.

2. People are all to eager to go to school for dumb things. We actually approached high schools and private schools targeting students who showed promise and even offered a number corporate based scholarships because a key segments of companies are desperate for certain kinds of technical degrees but we'd get turned down left and right. They'd try to ask for other degrees, various liberal arts, history degrees, and more. Now some liberal degrees like language studies did have demand but never for the languages people wanted. People want to study French but the companies wanted Portugese, Chinese, or something else.

3. I've watched a lot of those people I mentioned above now going down in flames from school debt. They're not even picking up the high credit card debt, home, and car that other people do. Because their degree doesn't pay, and by all rights some of them do have good paying jobs from their degree but their high cost and penalties stacked up so high in the time it took them to get their career off the ground that now a job that many dream of they're still buried in debt payments. Let alone the people working on low pay who never really will be able to pay it.

It's quite disconcerting to see such a large slice of population plunged into debt their effectiveness in the market in general reduced to ash before they even begin that part of the rat race. Often with the cheery smiles of their parents, counselors, teachers, and lots of supposed 'help groups' that push towards college.
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From:gothelittle
Date:January 16th, 2012 12:31 pm (UTC)

Re: Not even touching it!

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Heh, my mother and father raised me with a good dose of common sense. They urged me to get at least a two-year degree, but they also urged me to get it in something I could use. I ended up with a bachelor's in Computer Science from the local state university and about $1000 in debt, which I paid off within six months of graduation...

...because I'd taken a semester off for a co-op position and the company in question liked me enough that they kept me on part-time and low-pay for the rest of my degree and then handed me a handsome package directly upon graduation. :)

Want to make money off your degree? Now *that's* the way to do it!

(But I bet you already knew that.)

Originally that degree was going to be a stepping stone, taking advantage of the tech bubble, so that I could earn my way more easily to a degree in veterinary medicine. But I fell in love, got married, and chose a different path... which to this day I still do not regret one bit... and despite the tech bubble bursting, I'm a good enough programmer that I was able to take a full-time software engineering position for a while when my husband was out of work.
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From:rhjunior
Date:January 16th, 2012 06:50 pm (UTC)

Re: Not even touching it!

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When government dumps tax dollars into an institution, two things invariably happen: the cost of everything the institution does goes up, and the quality falls through the floor. Since the propagation of the Pell grant and all the other federal grants and loans, college tuition has (amazingly!) gone up over 400%, while the value of the sheepskins has fallen to next to nothing.

I'd bet a dollar to a donut that the ratio for PUBLIC school costs, since the introduction of mandatory federal schooling, has done at least that much. And noone needs to ask about the drop in quality--- a high school diploma isn't worth wiping your arse.
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From:deckardcanine
Date:January 17th, 2012 06:26 pm (UTC)

Re: Not even touching it!

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Oh, yes, she is. Glad to hear it, that is. B-)
From:(Anonymous)
Date:January 16th, 2012 06:52 am (UTC)

Re: Not even touching it!

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And I've got a SAGE Truck-Driving school (good reviews, low student-teacher ratio) right here in Billings MT, but I can't get a student loan to attend. I've even got some (straight-truck) experience....
Anybody out there good for a $6K microloan? worksbynyt@yahoo.com!
Ron Good (a.k.a. sfreader)
P.S. Yup, shameless... but thread-appropriate - and if it works (long shot), I'll be able to buy all your books & CDs!