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The Looming U.S. Giant - Page 12

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jdseemoreglass
Profile Blog Joined July 2010
United States3773 Posts
Last Edited: 2012-12-17 19:07:50
December 17 2012 19:02 GMT
#221
Nevermind, I don't want to get dragged into this discussion lol
"If you want this forum to be full of half-baked philosophy discussions between pompous faggots like yourself forever, stay the course captain vanilla" - FakeSteve[TPR], 2006
sam!zdat
Profile Blog Joined October 2010
United States5559 Posts
December 17 2012 21:04 GMT
#222
chickin
shikata ga nai
Elegance
Profile Blog Joined February 2009
Canada917 Posts
December 18 2012 01:06 GMT
#223
On December 18 2012 03:34 ziggurat wrote:
Show nested quote +
On December 16 2012 11:43 Nightfall.589 wrote:
On December 15 2012 14:56 ziggurat wrote:
The biggest problem to me seems to be that prospective students are not very good at deciding if a particular education is a good investment. So we see people spending hundreds of thousands going to an ivy league school getting a degree in Women's Studies (to take an extreme example). And then complain that they can't pay off their loans. How in the world did these people ever imagine that they would pay off their loans? Or did they just not think about it at all?

Prices for tuition have skyrocketed, but prospective students seem willing to keep paying. This I don't understand. There needs to be a real shift in they way people look at education. Many people seem to have the philosophy that they'll just go to school and figure out the purpose later. In fact I did that -- but my tuition was only $5,000 per year so it was a bit more reasonable.

People who are thinking about going to school should have a good hard look at whether the program will be worth it. Will it increase their earning potential enough to justify the cost and the time away from their current opportunities? Or, if not, will the enrichment they get make it "worth it" in a non-monetary sense? But I don't think people who can't afford to pay back their loans have any right to complain if they didn't think ahead.


If economists can't accurately predict whether or not a particular degree is going to be useful in four years time, how do you expect an 18 year old to?

I'll give you women's studies, but I don't think all the people who were starting their business undergrads in fall 2004 could have predicted that their degrees would end up to be less useful then the paper they were printed on. And I betcha that neither did the people going into computing in 1998. Neither did the people who went into education in my home province. (Despite the province not being in a recession, the government increased class sizes, shut down schools, and froze the education budget. That may or may not have been after they'd have given themselves a raise.)

Combine all this with the college town locations of many American universities (Where, due to distance, most students can't just cut living costs by staying with their parents), and you've got a recipe for spending way too much money on the gamble that four years from now your degree will be of any use.


It's usually not that hard to predict with degrees will be valuable. If you go to a course that teaches you how to do a particular job for which there is significant demand, that is a good start. Some good examples are going to med school, or nursing. Other obvious examples are trades like electrician, plumbing, etc. Engineering. Accounting. All these courses teach you specific skills that are necessary to work in specific fields.

Other examples like Law or Teaching are a bit different, because one could argue that the skills you need to do these jobs are largely common sense; but whether or not that's true, you normally can't work in these fields without the degree. So whether or not you learn any skills in these programs, you're required to complete them in order to enter the field.

Obviously spending a lot of time and money on any of these programs involves a calculated risk. You might say, the demand for nurses is high now, but it may not be so high by the time I graduate. True enough, and no one can guarantee this. Just like a lot of major decisions in life, you sometimes just have to get the best information you can and then go for it. As you may be aware, the demand for corporate lawyers dropped dramatically around 2009 and still hasn't really recovered, so people who went to law school and graduated in the last few years are doing a lot worse than expected. There are still jobs, just not as many and generally not as well-paying. These kind of risks are part of life, and I'm not trying to say that you can avoid them completely.

What you can avoid, however, is entering a program that doesn't have any clear path to employment. Like doing a degree in English literature, or honestly most arts degrees. The same is true of a lot of general science degrees. You just learn a bunch of information without being prepared to do any particular job. Probably also true of many business degrees, but most business schools at least have a strong focus on networking and getting you connections to prospective employers. If you are a highly energetic self-starter then you can find a job with any kind of degree (or none), but most people don't fit this category. The monetary value of degrees that don't prepare you to do a specific job is hard to gauge, and probably not that high is most cases.

Now I'm not saying that nobody should go and get a good liberal arts education. If that's what you want, then go for it. But don't expect it to be a good investment in terms of dollars and cents.










Agree with this post. Hard for an 18 year old to do that though.
Power of Ze
Phunkapotamus
Profile Joined April 2010
United States496 Posts
Last Edited: 2012-12-18 02:36:12
December 18 2012 02:31 GMT
#224
I haven't had time to read all 12 pages so far, but this is a particularly interesting topic for me and I have been researching it for a long time.

Note: I speak in the most general case. Certainly there are exceptions to what I say here. With the sheer number of people in college, there will be many unique situations. My viewpoint is that of someone who went to college, experienced how insanely easy it was, and saw extremely dumb people pass their classes. I went to school with potential doctors, lawyers, and schoolteachers- NONE of them I would trust with any responsibility.

College was meant to be the one-stop shop to create a well rounded competent person in a particular field. This is no longer the case. Instead of teaching people how to learn, they teach people what to learn so that they may be instantly slotted in a business that does exactly what they were taught. This stagnates innovation, which stagnates demand.

Some fields still teach people the proper tools. However, a lot of schools caved in to "consumer" demand. Consumers being businesses who want specific skills, and students who want to learn them. This is wrong. Higher education has a responsibility to produce critical thinkers, not perfectly catered worker ants.

We like to laugh at sub-par schools like Phoenix Online, Westwood College, Devry, or ITT tech. Those schools are fairly obviously degreemills. However, it's not just them. It's sad how close a lot of state schools are to degree mills.

College is simply too costly and time consuming for the general case. And the general case doesn't cut it anymore. Every year, thousands of "general case" students graduate. Some get lucky and land entry level positions. Most don't- and thus have to figure out a different path in life to pay off their massive student loans.

I propose we start an apprenticeship program. Take the 50% underachievers out of college to begin with- they weren't going to go anywhere in the first place. With America's rotting infrastructure, and aging service technicians, apprenticeships for highly skilled labor jobs should be a great fit.
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