The next big bubble... student loans???

[FLVOL_79]

He can’t accept that the ancient Central American stone pottery studies with a minor in Latin that he incurred $75k in debt for at that great Liberal Arts college simply fails miserably when compared to a journeyman tradeskill apprenticeship requiring no debt when evaluating earnings potential.

News flash: anybody spending the effort acquiring skills valuable by employers be it via college or trades schools generally make more money than those who don’t. Film at ... oh hell there’s no need for damn film and if they can’t absorb the simple stated fact they are clueless.

I dont know what jobs he is mentioning that show most high school grads only make minimum wage. I can't even think of a minimum wage job nowadays. Local fast food joints pay $12+ an hour.

 

[NorthDallas40]

I dont know what jobs he is mentioning that show most high school grads only make minimum wage. I can't even think of a minimum wage job nowadays. Local fast food joints pay $12+ an hour.

Yep. Based on the jobs friends kids are landing right out of high school I’d say if you’re just mildly motivated and don’t interview like a complete dipshit $15 bucks an hour while you do your college, associates, or trade school is the common outcome. That’s $31k a year just starting out... but you GOTTA have college

 

[VolunteerHillbilly]

Doesn't bother me so long as I get reparations for having paid mine off.

 

[Vol8188]

High school graduates earn about half of college graduate average wages. Specifically, a high school graduate earns a median wage of $32,256. However, a college graduate earns nearly double that, making $59,124 a year.

The Average Salary by Education Level - SmartAsset

The outliers are bringing that average way up. Most of the humanities are in the 30s-40s. We shouldn’t send kids the false message that all degrees are of value and to just get any degree and you’ll be set. The false message colleges and teachers have been sending to kids for years.

 

[happy-go_vol]

I dont know what jobs he is mentioning that show most high school grads only make minimum wage. I can't even think of a minimum wage job nowadays. Local fast food joints pay $12+ an hour.

Companies are paying competitive wages. That's what capitalism does, to get good workers, you pay more. ie chik fil e

 

[happy-go_vol]

What about those of us that saved and paid for our kids education without student loans? Are we just out of luck?

Yes, this country no longer rewards people for discipline and being self reliant. You get that 200k loan, then you complain and vote for dems who promise to forgive those loans.

 

[happy-go_vol]

Thats offset by us science, medical, and business types. The majority of college degrees aren't worth anything...especially the two I mentioned. "Football player degrees"..

Honestly, id rather have some physical fitness degree or sports management degree than a midget lesbian studies degree. I could at least get into coaching.

 

[utvolpj]

Yes, this country no longer rewards people for discipline and being self reliant. You get that 200k loan, then you complain and vote for dems who promise to forgive those loans.

Mnunchin is a dem?

 

[Pepe_Silvia]

Funny how an 18-year-old isn't considered mature enough to buy alcohol, cigarettes, or a handgun but is considered mature enough to take on $100,000 in student loan debt.

 

[NorthDallas40]

Funny how an 18-year-old isn't considered mature enough to buy alcohol, cigarettes, or a handgun but is considered mature enough to take on $100,000 in student loan debt.

And they’re also mature enough to enlist in the armed forces and die for their country... but their county tells those same individuals they’re not old enough to partake in those vices like an over bearing nanny

 

[Pepe_Silvia]

And they’re also mature enough to enlist in the armed forces and die for their country... but their county tells those same individuals they’re not old enough to partake in those vices like an over bearing nanny

Bring this meme to mind.

 

[lawgator1]

The outliers are bringing that average way up. Most of the humanities are in the 30s-40s. We shouldn’t send kids the false message that all degrees are of value and to just get any degree and you’ll be set. The false message colleges and teachers have been sending to kids for years.

In fairness to prior generations and the value they placed on a high class, high expense education, things have changed quite a bit in the last 50 years.

In the 1950s or 60s, a degree in the social science from Harvard still meant a lot. It opened a lot of doors. Now? One might be better off with a certification from Devry in air conditioner repair than a social sciences degree from an Ivy League school.

For sure, training in computer security systems or programming from any competent school is worth way more, per dollar, than the Yale degree in poetry.

 

[VolunteerHillbilly]

In fairness to prior generations and the value they placed on a high class, high expense education, things have changed quite a bit in the last 50 years.

In the 1950s or 60s, a degree in the social science from Harvard still meant a lot. It opened a lot of doors. Now? One might be better off with a certification from Devry in air conditioner repair than a social sciences degree from an Ivy League school.

For sure, training in computer security systems or programming from any competent school is worth way more, per dollar, than the Yale degree in poetry.

Looking at it in dollars and cents, you're right. Part of this is the fault of higher ed. institutions that built out like crazy to accommodate the boomers. Once the gen xers came into college age there were far more seats available than there were highly qualified HS grads who needed a college degree. They needed a way to keep those seats filled so we get the concept that everyone needs to go to college if they want a shot at getting ahead.

 

[NEO]

High school graduates earn about half of college graduate average wages. Specifically, a high school graduate earns a median wage of $32,256. However, a college graduate earns nearly double that, making $59,124 a year.

The Average Salary by Education Level - SmartAsset

Now match that annual salary of a college kid next to the annual salary of the average plumber, GC, electrician, mechanic.

The contractor will beat the college kids salary 9 times out of 10.

No one on here is advocating graduating from high school and just stop. They are stating trade schools are a viable option instead of college.

 

[Vol8188]

In fairness to prior generations and the value they placed on a high class, high expense education, things have changed quite a bit in the last 50 years.

In the 1950s or 60s, a degree in the social science from Harvard still meant a lot. It opened a lot of doors. Now? One might be better off with a certification from Devry in air conditioner repair than a social sciences degree from an Ivy League school.

For sure, training in computer security systems or programming from any competent school is worth way more, per dollar, than the Yale degree in poetry.

And that’s a positive. Traditional theory>critical theory

 

[VolunteerHillbilly]

Now match that annual salary of a college kid next to the annual salary of the average plumber, GC, electrician, mechanic.

The contractor will beat the college kids salary 9 times out of 10.

No one on here is advocating graduating from high school and just stop. They are stating trade schools are a viable option instead of college.

I think the scholarship they started a couple of years ago to give free tuition to community college for anyone who graduates HS in TN also applies to TN Technology Centers, which is the new name for VoTech schools. I met a guy a few years ago in Naples, Fl whose daughter was taking nursing classes in high school and would have at least a nurse tech certification upon graduation with a pathway to become an RN within a couple of years through a combination of work experience and classes at FGCU. That's the kind of thing schools need to be focused on. Instead, we have a bunch of kids thinking they need to go to Harvard because they got straight As just for showing up and extra credit for every time they used the word 'inclusion' in an essay.

 

[Wireless1]

Sounds like your disdain should be equally directed at the system and the banks as much as it is directed at the students. Both sides benefitted from this, yet only one side is left to hold the bag.

Yes I’m upset with the entire mess. Banks for usury lending, then costing shareholders with the defaults, schools ( both public and for profit) that admit students into programs encouraging the borrowing knowing that there will never be a return to payoff the loans.

 

[OHvol40]

I think it’s going to be incumbent on schools to “cut the fat” out of their degree requirements. The necessary material for most degrees could be covered in 2 or 3 years rather than 4 or 5.

Another problem is the indecisiveness of 18 to 22 year-olds when choosing a career path, and rightfully so. It’s too easy and too common to switch majors multiple times and failure rates are too high as well. A person, at any age, shouldn’t be expected to enter school unless they are truly committed to it.

These are examples as to why profit has no place in education. If you remove the incentive for education institutions to profit from keeping students around for as long as possible then we would see a more efficient, effective, and student-centered system.

 

[Rasputin_Vol]

Just to follow up, I'm pretty sure Ras that you haven't paid for a couple of 4 year degrees yet, or maybe you never will. Make another house payment and you'll understand what it's like.

I know... it sucks. But again, I'm sure this isn't the only time you have to deal with something in this crooked azz existence we have right now that is totally unfair. I pay a mortgage and pay for my own way. Others have these things paid for them because they made poor decisions in life. I get it completely. The system is screwed up. But again, the system was created and perpetuated by full grown adults. The people we are mostly talking about made these decisions in their early adulthood. Probably one of the first, if not THE first, big decisions of their lives outside of joining the military or starting a family.

 

[Rasputin_Vol]

Funny how an 18-year-old isn't considered mature enough to buy alcohol, cigarettes, or a handgun but is considered mature enough to take on $100,000 in student loan debt.

That is simply all I have been saying. People that are at least twice their age have been selling them on the idea of racking up student debt and going to the best universities, but have done a pizz poor job of pushing vocational schools or some other cheaper and more reasonable alternative. Again, I could have very easily been one of those kids. I was going to be an African-American Studies major up until the July or August before freshman year... and that was only because my mom actually waited until then to ask me what my major was. We had a brief discussion and I just decided to change my major on the fly and hoped to feel my way around over the next 4 years to see what I really wanted to major in. Since I was the first in my family to go to college, I didn't have anybody to talk to about what to major in or even where to go to school.

I had no idea WTF I wanted to do at 18.

 

[FLVOL_79]

In fairness to prior generations and the value they placed on a high class, high expense education, things have changed quite a bit in the last 50 years.

In the 1950s or 60s, a degree in the social science from Harvard still meant a lot. It opened a lot of doors. Now? One might be better off with a certification from Devry in air conditioner repair than a social sciences degree from an Ivy League school.

For sure, training in computer security systems or programming from any competent school is worth way more, per dollar, than the Yale degree in poetry.

True..but saying "Back when I was at Mississippi Polytechnic" doesn't have the same ring as saying you went to Yale.

 

[Purple Tiger]

The outliers are bringing that average way up. Most of the humanities are in the 30s-40s. We shouldn’t send kids the false message that all degrees are of value and to just get any degree and you’ll be set. The false message colleges and teachers have been sending to kids for years.

The outliers were already figured in. I said that already. What is so hard to understand about it?

 

[Purple Tiger]

He can’t accept that the ancient Central American stone pottery studies with a minor in Latin that he incurred $75k in debt for at that great Liberal Arts college simply fails miserably when compared to a journeyman tradeskill apprenticeship requiring no debt when evaluating earnings potential.

News flash: anybody spending the effort acquiring skills valuable by employers be it via college or trades schools generally make more money than those who don’t. Film at ... oh hell there’s no need for damn film and if they can’t absorb the simple stated fact they are clueless.

I never said anything about liberal arts majors. Why are you so butt hurt about people getting college degrees? It's likely because you'd rather bitch about "useless" degrees because it fits into your narrow and ugly little viewpoint of society.

By the way, graduate degree salaries average $78,000 in the US.

 

[Purple Tiger]

Those low earning college degrees are “averaged out” too. But for a journeyman electrician license which takes around four years of master electrician supervision before you can sit for the test you actually are earning money and have a job and you’re not racking up tons of debt on a useless degree.

Many college degree programs are simply useless and completely fail miserably when compared to a similar tradeskill training program in which you have a job during your training and aren’t incurring college debt.

Have you ever seen salary scales or done research on salaries for your company? I have. I know what a college degree is worth in the job market.

Not everyone incurs debt in college. There is a thing called a scholarship.

 

[hog88]

I never said anything about liberal arts majors. Why are you so butt hurt about people getting college degrees? It's likely because you'd rather bitch about "useless" degrees because it fits into your narrow and ugly little viewpoint of society.

By the way, graduate degree salaries average $78,000 in the US.

$78K isn't much these days.