Student Loan Debt Now Surpasses Credit Card and Auto Loan Debt

[ttystikk]

College is simply another corporate money grab. Another profoundly well endowed tax-free industry like hospitals

Just another way to get your cash

It didn't used to be like this. Universities exist to transfer knowledge between people. For this purpose they need, NEED professors. They do NOT need highly paid administrators.

The death of every institution of higher education is well underway when 'administrative costs' are higher than those incurred by the university's primary mission of education.

Our country needs to learn to hunt down and cut out bloat; and we can start with CEO's pay and the paychecks of those 'administrators' in nonprofits and education.

 

[ttystikk]

What happened is spiraling costs, thanks to bloated administration, giant wealth funds, non-profitable but expensive sports worship programs, and more. It used to be possible to work your way through a 4 year degree from summer jobs, now, not so much. My university was over 140,000 dollars for 4 years. If I waited til I had the funds to pay for that, I'd still be saving instead of 10 years into my earning potential and paid off loans. I got lucky with work, many of my friends and fellow students did not.

There are so many areas that "bootstraps" is a proven failed method. How long will you tell Americans to put down the fork while obesity and diabetes rates spiral higher and higher before some legislation is justified? How high a percentage of GDP does student debt need to get, crippling all the various economies that rely on spending that are going empty (like housing) because millenials are up to their eyeballs in student debt before some legislation is justified? And on and on, drugs, sex education, healthcare, and more. Americans cling to their just-so gutsy folk logic as the problems continue to spiral out of control while numerous other nations have figured out far more effective solutions.

It isn't' gutsy folk logic', it's cynical and pernicious propaganda perpetuated by those with something to gain by the current status quo. Follow the money and you'll find them soon enough.

 

[ttystikk]

And MOST people who graduate wind up working in a sector they did not even get a degree in

Or like me, they discover the degree they spent years and thousands for isn't worth shit in the marketplace.

 

[ttystikk]

Kushy Fortune 500 where I worked treated me downright cruel because I had no 4 year degree as I was 'acquired'.. To the point leadership would even try to embarrass me in front of my peers. I always knew it would be problematic if I chose to leave but wish to remain somewhere as a professional..I was pulling in well over 100k most years.

That will never happen again, it's over for me.

Bullshit. There is nothing about what you did for the faceless corporation that you can't do for yourself. You need the confidence to try, the determination to carry it through- and time.

Besides, the era of 'working your way up' in a corporation is over. You know that beyond the department head, it's a lot more about politics than merit.

I'm working for myself and it is providing me with a level of financial security I could never have contemplated while in someone else's employ.

 

[ttystikk]

key is to go to college and not get a loan. its not hard

BWAHAHAHA!!! Now, say that AFTER you put down the crack pipe.

The only way college kids who make it are doing it right now is with help from their families. That's called nepotism and it definitely cuts against economic opportunity.

 

[ttystikk]

Game testing is a legitimate career. Most larger studios have an in-house testing department, and all publishers have their own as well. It's an above average salary for the USA.

But that really shouldn't matter, we should be encouraging teenagers to pursue their passions, much like the rest of the world, rather than forcing them to do some cost effectiveness and then spend 4 years studying something they have no interest in but looks good on paper for earning potential. The USA has the money and wherewithal for someone to actually want to study under-water basket weaving (which is always the tired canard trotted out as if more than 5 people are ever studying something so esoteric) or ancient Shakespeare, welding, food services, or what have you.

Countries like Germany, Canada, Iceland, and many others have normal higher education costs when they aren't outright paid for like in most of Scandinavia, and rather than causing a drain on the economy, it's allowed them to out compete in many areas because their populace is educated in a variety of areas.

What kind of bland, boring world would we live in if every person went into STEM majors?

Damned straight! My father did his Master's Thesis on Shakespeare- not exactly new ground for an English Lit major. Turns out it was great background and preparation for a career with the State Department... an institution with rather few STEM majors in its employ, as it happens.

 

[ttystikk]

Your response is a grand example of why you're eating dog food and your life sucks.

You can't think and want others to figure it out for you.

Don't you live in Calif? They have one of the best bang for the buck state university systems. It was challenging when I worked my way through, but I did it for both my undergrad and post.

Stupid people will never figure it out. Don't bother trying, school won't help you, life is beyond you. You are just a poor pheno expression of human genetics.

Cry some more, you have many like minded mental midgets that'll support you here. Life is tough, those with a working bean will do fine, the rest can eat dog food.

Dog food or steak, your choice buddy.

Go stick your head back in the sand, then.

 

[ttystikk]

Yeah lol. I know. Just saying man. It's like find out what in your interests is an in demand career. lol. Often peeps can't get jobs in the field they chose to be educated in because EVERYONE wants that job. lol. Just saying man. I remember when CSI first came on tv. Everybody got a degree in criminal justice to become a CSI dude. There working at Starbucks.

No they aren't. They became cops.

 

[ttystikk]

What would you do Internet tough BOY?

Probably use big words you don't understand.

 

[Rrog]

Nice set of concepts, tty! I see there must be some comments from people I have on ignore Good luck with them!

 

[spandy]

Or like me, they discover the degree they spent years and thousands for isn't worth shit in the marketplace.

I remember the days of everyone choosing fields of study.

What I dont remember is one damn councilor suggesting anyone look up how many expected jobs were going to be created in our fields of choice by the time we graduated, what the current demand in specific fields were, etc. It was just showing everyone how much they "could" make, and what the curriculum was.

Its was just a cluster fuck of letters, filling out scholarship forms, etc. And then everyone runs off after graduation and hopes they make it.

Bullshit. There is nothing about what you did for the faceless corporation that you can't do for yourself. You need the confidence to try, the determination to carry it through- and time.

Besides, the era of 'working your way up' in a corporation is over. You know that beyond the department head, it's a lot more about politics than merit.

I'm working for myself and it is providing me with a level of financial security I could never have contemplated while in someone else's employ.

So many people just dont realize their value.

My oldest killed it last week in the money making department. He was watching the weather and we figured leaves were gonna start dropping soon, so he got a permit for a few bucks through the city and him and his best friend started going door to door offering a leaf raking service. This is two young teenagers pulling this off after school and practice/games. He must have raked dozens yards just last week, and they were paying him 50+ bucks a yard. The kid is on cloud nine right now, and is getting that new flowmaster he wanted lol. He made more in a week after his "job" (school, sports) and still made damn near what some people make working all month.

Next year he thinks hes gonna need 4-5 people to handle the work load as they had to turn so much work down.

 

[qwizoking]

BWAHAHAHA!!! Now, say that AFTER you put down the crack pipe.

The only way college kids who make it are doing it right now is with help from their families. That's called nepotism and it definitely cuts against economic opportunity.

well i disagree. i did it, know plenty of people doing it.
coke straw collecting dust while typing...happy now

 

[ttystikk]

well i disagree. i did it, know plenty of people doing it.
coke straw collecting dust while typing...happy now

It's a good thing I didn't have a sip of coffee before reading that, LOL

Your coke straw speaks much louder than your keyboard.

 

[Mindmelted]

Probably use big words you don't understand.

Doubt that, I am surprised the Drooler remembers to breath.

 

[Darth Vapour]

Great sentiment; but the math doesn't work anymore. Wages are too low- to say nothing of employers exploiting students as part time workers. Costs are too high.

It used to be okay, but it's been twenty years since then.

But again if wages were based on brains then your on the right scale you think ??

 

[Darth Vapour]

Truthfully speaking US schooling system is all a big lie they smudge numbers to make it look like students are doing well when in fact there literally in last place its sad really how USA has been screwed

 

[doublejj]

The spiraling cost of education & student loan debt really took off about 10 years ago when the loan companies got the bankruptcy law changed to exclude student loans. After that, schools could charge as much as they wanted & the loan companies would loan the students any amount of money because they could no longer file bankruptcy after graduation, they had to pay up......

 

[Rrog]

It's SUCH a scam. College should be nearly free

 

[doublejj]

It's SUCH a scam. College should be nearly free

you sound like a democrat...

 

[Rrog]

I've been around a while is all