MARK CUBAN: Forgiving $1 trillion in student debt is 'the worst thing we could do'

[ginwilly]

My generation was pushed to go to college, "get an education and you can get any job you want". Well we found out that was all BS. I went to a Voc school instead and learned a trade. I really wish companies didn't think that a piece if paper was a deciding factor, I've worked with so many people with degrees that were dumb as a stump.

Trade schools are so underrated.

It's amazing to me how that piece of paper is looked at in the business world, a lot of times your job has nothing to do with your degree, but without that degree, you couldn't get the job.

Educations at higher universities can be a sham too though. To be able to work in physical therapy it was apparently really important that I was able to regurgitate what year Marxx was born and died and the difference between modern art and contemporary art.

 

[NoDrama]

The only reason College costs so much is because Government will loan money to anyone that can fog a mirror. Colleges are in business to MAKE A PROFIT. IF government wants to lend large amounts to students, then colleges will take advantage of that.

When I went to college a 23 credit semester would cost you almost $1,400. Whats a semester cost now $7,000?

Do colleges really give a shit if they are providing you a good education or do they mostly care about getting paid?

 

[Harrekin]

Trade schools are so underrated.

It's amazing to me how that piece of paper is looked at in the business world, a lot of times your job has nothing to do with your degree, but without that degree, you couldn't get the job.

Educations at higher universities can be a sham too though. To be able to work in physical therapy it was apparently really important that I was able to regurgitate what year Marxx was born and died and the difference between modern art and contemporary art.

There's SO many jobs out there you can learn on your spare time on any computer with an Internet connection.

•Trading
•Website building
•Java programming

Making a list is pointless, you can learn essentially anything online, completely free.

But Facebook, Twatter and 24hr forum gheyness is a moar important use of time apparently.

 

[Padawanbater2]

But Facebook, Twatter and 24hr forum gheyness is a moar important use of time apparently.

Yes, that's right, you've correctly identified the problem why millions of people simply can't find employment... Facebook and Twitter..

When I hear talking points like those I wonder who the fuck would actually believe this shit... then you show up..

 

[bu$hleaguer]

So you acquire a huge debt going to school to get a degree that won't even get you a job once you graduate?

Sounds like you'd be better off not even going to school in the first place.

Yep. After undergrad I went to culinary school. My culinary class actually won a class action lawsuit against the school and everyone got some $$ from it. It was against the school for "guaranteeing" jobs that weren't out there after graduation. I didn't get much because I had already secured high paying jobs but a bunch of the losers got a good amount back from it.

 

[sheskunk]

Yes, that's right, you've correctly identified the problem why millions of people simply can't find employment... Facebook and Twitter..

When I hear talking points like those I wonder who the fuck would actually believe this shit... then you show up..

I do see a lot of people sitting on Facebook whining about being poor. A lot of jobs seek employees through online applications. If people spent their time applying for work instead of whining on Facebook maybe they just might step up in life.

 

[Padawanbater2]

I do see a lot of people sitting on Facebook whining about being poor. A lot of jobs seek employees through online applications. If people spent their time applying for work instead of whining on Facebook maybe they just might step up in life.

Gee, if only Obama had known, it's been Facebook all this time that was causing unemployment!

You two are genuinely a couple of Einstein's, huh...

 

[sheskunk]

Gee, if only Obama had known, it's been Facebook all this time that was causing unemployment!

You two are genuinely a couple of Einstein's, huh...

So it's Obama's fault? I'll go with you on that one.

 

[Harrekin]

Yes, that's right, you've correctly identified the problem why millions of people simply can't find employment... Facebook and Twitter..

When I hear talking points like those I wonder who the fuck would actually believe this shit... then you show up..

If you weren't so retarded you would have realised I said it was because people study shitty courses and are unwilling to retrain in something more useful but seem to have plenty of time to cry about a lack of opportunities on social media.

I "picked up a book" and now can make what I used to make in a year in a week or less.

 

[UncleBuck]

My generation was pushed to go to college, "get an education and you can get any job you want". Well we found out that was all BS.

college grads out earn non-college grads by a ton.

 

[Pinworm]

I do see a lot of people sitting on Facebook whining about being poor. A lot of jobs seek employees through online applications. If people spent their time applying for work instead of whining on Facebook maybe they just might step up in life.

You seem like the sort of asshole that hangs out on Facebook, too. That's pretty pathetic.

 

[schuylaar]

are these the same kids who just had to bail out all the old farts like you who bought houses they couldn't afford, murdoch?

weren't they called mcmansions?

those who could probably do the math..like teachers etc; who borrowed insane amounts of money in a "non-stated" loan being "sold" by brokers who assured them they could re-fi in a year?

 

[schuylaar]

The government isn't in the business of making money, it's the government backing education loans..take the banks out of the equation, you don't need a middle man. It's a matter of national policy,a population of educated unemployed is greater than a population of uneducated unemployed. The sad thing is people don't put a high value on education anymore..all education should be free, through 4 yrs of college at least.

but nothing is a greater atrocity, than the few hundred 1%'ers who holds the majority of our nations wealth.

 

[ginwilly]

weren't they called mcmansions?

those who could probably do the math..like teachers etc; who borrowed insane amounts of money in a "non-stated" loan being "sold" by brokers who assured them they could re-fi in a year?

It was working too as long as housing values rose every year as they were. It was a gamble based on artificial value and we as tax payers paid the losing bet.

Friend of mine used to do the same with new Harleys every year. He would get a 1 year balloon payment loan. For years a Harley would hold it's value and he would just get a new one and another 1 year balloon payment loan. He never had a payment and always had a new Harley. The 100 year anniversary happened, Harleys flooded the market and you no longer had a wait list. His game was over.

 

[Wavels]

Too bad that schools on any level cannot teach gumption and persistence and perseverance, they do not cost much, and can reward the possessors thereof tremendously.
Self starters almost always do well, with or without formal education.

 

[schuylaar]

Too bad that schools on any level cannot teach gumption and persistence and perseverance, they do not cost much, and can reward the possessors thereof tremendously.
Self starters almost always do well, with or without formal education.

this is true..kushy fortune 500 requirements were 4 year degree..i was the only one in the office who did not possess and i was one of the most successful as i had the ability to relate to the client in a manner my co-workers couldn't: i had the life experience and when you are in front of the prospect who do you think they are going to want to hire when it comes to their taxes? the 40 year-old or the 22 year-old?

 

[Wavels]

this is true..kushy fortune 500 requirements were 4 year degree..i was the only one in the office who did not possess and i was one of the most successful as i had the ability to relate to the client in a manner my co-workers couldn't: i had the life experience and when you are in front of the prospect who do you think they are going to want to hire when it comes to their taxes? the 40 year-old or the 22 year-old?

Yes indeed, I also worked for a major Fortune 500 Corp and saw the young, fresh degree holders drop like flies, the rate of attrition in financial sales is amazing.
A degree or even an advanced degree means exactly doodely-squat in sales. MBAs are almost a dime a dozen on Wall Street.

 

[schuylaar]

Yes indeed, I also worked for a major Fortune 500 Corp and saw the young, fresh degree holders drop like flies, the rate of attrition in financial sales is amazing.
A degree or even an advanced degree means exactly doodely-squat in sales. MBAs are almost a dime a dozen on Wall Street.

precisely.

i asked management about it one time and this is the answer i received: we want to hire just out of college with one career experience prior to ours; they are "moldable"..my answer: you can't mold what you don't have..they last anywhere from 6-18 months, basically when their baby quota goes away and they have real numbers to produce.

each time they send them to training, with airfare to corporate and rooms et al; $50k when all is said and done..big investment for a short period of time..what's the ROI like when they sell a few units for the year which is equivalent to one month of my quota? wouldn't it make more sense...?
yes! but they ask questions and don't submit easily..they question authority.

poor, poor kushy fortune 500 management