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For those talking about how their college education helped them get a job so it was worth the money, other than the degree in what ways did school help you get a job?
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^ Why aren't we screaming to cut federal loan programs? Colleges know that students and their parents are willing to take out the loans for that purpose, thus colleges are willing to increase fees accordingly. Once college actually becomes unaffordable and the greater population is willing to admit that, then and only then will we start seeing costs start to come down.
^ Why aren't we screaming to cut federal loan programs? Colleges know that students and their parents are willing to take out the loans for that purpose, thus colleges are willing to increase fees accordingly. Once college actually becomes unaffordable and the greater population is willing to admit that, then and only then will we start seeing costs start to come down.
This would be good
^ Why aren't we screaming to cut federal loan programs? Colleges know that students and their parents are willing to take out the loans for that purpose, thus colleges are willing to increase fees accordingly. Once college actually becomes unaffordable and the greater population is willing to admit that, then and only then will we start seeing costs start to come down.
As long as the govt backs these loans banks will continue giving out money to anyone with absolutely nothing to lose. Tuition will never decrease if people keep borrowing above their means. Banks would never give out these loans if there was a chance they wouldn't be able to get their money back.^ Why aren't we screaming to cut federal loan programs? Colleges know that students and their parents are willing to take out the loans for that purpose, thus colleges are willing to increase fees accordingly. Once college actually becomes unaffordable and the greater population is willing to admit that, then and only then will we start seeing costs start to come down.
At the heart of the matter is the fact that the game is rigged against workers at every income level. The US Economy has never produced more in terms of GDP and yet the bottom 90% of workers have seen no gains in three decades. Even professionals and managers in the top 10% have not gained very much. Most of the gains go to the extremely wealthy or CEO's of Fortune 500 Companies and senior partners at Hedge Funds and Private Equity Groups. In short, Capital has triumphed utterly over labor.
We must be clear, this development is not the result of fair and open market processes nor is it the result of any sort of superior character, work ethic or virtue on the part of the ruling class. The state created the legal framework for financial markets and even the corporation itself. The state sets trade and labor rules and education policy and ultimately it decides upon monetary policy. The last third of a century has witnessed an almost magnetic pull where the state has came out on the side of capital over labor at every turn. As a result everyone who works for his or her money is fundamentally in a losing position and everyone whose money works for him or her is in a winning position.
I doubt that serious reform will happen any time soon because most workers have a habit of subdividing themselves. Blue collar, white collar, Boomer, millennial, STEM credentialed, liberal arts credentialed, hourly, salaried, permanent, temporary and so on all seem to dislike each other than they dislike their moneyed overlords. To everyone who refuses to the believe that the game is rigged, you are deluding yourself, your fellow worker and you are ultimately harming yourself and your children and generations to come.
You can go ahead and pick the "right" major in college (which seems to change every month), adhere to Suzy Orman or David Ramsey's advice, go to trade school, intern every year you are able to do so, buy a house with a decent enough mortgage terms, refinance on good terms, start up a good 401k, live below your means and all of the other individualistic solution that folks advocate but the inescapable reality is that as long as your pay check is your primary means of income, the long term future for your paycheck is for it to shrink. No amount of credentials, thrift or financial acumen can change the fact that workers, at every income level, are currently on a sinking ship in a game that is undoubtedly rigged.
Anyone who wants to answer, but mainly to Rex.^^^ Who is your question directed towards?
Anyone who wants to answer, but mainly to Rex.^^^ Who is your question directed towards?
This is a passive way to deal with a bad situation.
So what about the average people that are smart with their money and make their money work for them?
Losing game too?
I also believe there are right majors to choose in terms of ROI, and long term growth. Its clear to see...
There is no doubt that the money is being spread unevenly. All we can do is be smart with our money and invest to end the cycle of 9-5 slaving.
This is a passive way to deal with a bad situation.
This is a passive way to deal with a bad situation.
I am not trying to deal with the situation people are going to choose to do what they want regardless. My situation is good, the overall situation for the US educational system is pretty bad, but that isn't going to change. Until people start looking at alternatives and ways to make college affordable the system will always come out ahead.
I have given great ways to save on education in this thread yet most in here are blaming the govt for allowing loans instead of looking in the mirror.
I just see the situation differently and have a totally different mindset. Nobody forced you to sign up for something you couldn't afford and that your future job wouldn't be able to repay.
It's pretty funny you read through this thread and there are maybe 5 people that owned up to their mistakes and didn't blame anyone else.
We've already sacrificed a whole generation haven't we? We already have an entire generation coming out of college unable to live their dreams because they're more concerned about paying off their loans.so you're solution is to wait till the bubble bursts?
lolwut
You're willing to sacrifice an entire generation of people?
Wasn't the President's plan to cut out the private sector already the solution to the private sector taking advantage? If you're deeply in debt, the solution isn't to offer more debt. It's to take away that option so you can figure out another way to pay for it. I dare you to go to any college campus and not find a major building project under construction. By cutting back federal loan programs, it will force colleges to reconsider whether they want to continue to build those monuments to themselves or offer a better service to their students. Does a school really need to have the latest and greatest of everything?So you plan is to make college completely out of reach to lower income students, in hopes that colleges decrease tuition in the long run.
And what's to say the private sector just won't step up and cause a bigger problem
-How about we give everyone free community college and/or trade school....But I'm know you won't be in favor of that because of that right