College May Become Unaffordable for Most in U.S.

Discussion in 'Economy' started by Skeptik, Dec 3, 2008.

  1. Skeptik
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    Skeptik Astute observer

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    link to article from the NYT

    To put things in perspective, I graduated with a BA from a private college in '64 broke but with no debt. My father was a sawmill worker, my mom a stay at home (that was expected at that time for the most part.)

    I graduated with an MA from a state college in '73. There was no tuition at that time, just a $50 a year fee.

    It is getting increasingly difficult to find a job that pays a living wage without a degree, and a degree is getting more and more expensive to obtain. Of course, those trends have been going on for a long time, as you can see.

    Solutions, anyone?
     
  2. xsited1
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    xsited1 Agent P

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    Let the free market decide.
     
  3. Zoomie1980
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    Zoomie1980 Senior Member

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    50 years ago less than 10% of the public went to college. But the flip side of that is that the degree programs were limited to mostly legitmate fields of endeavor that required the knowledge in order to do a job industry required. You had to have a degree to be a civil engineer, an accountant, a doctor, a lawyer, etc.. But that was all that was ever offerred.

    Now you have colleges offerring degrees in all sorts of CRAP coupled with a tremendous DEMAND. We've become a society that somehow REQUIRES a college degree to show success even if the degree is useless mush.

    It's a great myth the education establishment created to grow itself. As a percentage of population we still put out about the same percentages of engineers, programmers, doctors we always have.

    If you want to get a degree in something that pays just check the salary research sites. Otherwise, learn a trade, because majoring in crap business does not value is a waste of money and time.

    The market will eventually price itself out of range as many people realize they are no longer going to spend large sums of money on useless degrees and we will bust back to colleges teaching LEGITIMATE college material.
     
  4. Zoomie1980
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    Zoomie1980 Senior Member

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    You haven't hired and independent plumber or electrician lately then or had your kitchen remodeled.
     
  5. TR_GOP
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    TR_GOP Member

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    Ever ask plumbing, electrical, and carpentry subcontractors for a hourly breakdown of labor, materials, overhead, and profit? Instead of a greedy independent why not hire the biggest firm in the phone book? Logically it should be cheaper due to economy of scale (fleet/insurance v 1 truck/insurance, bulk purchases of materials, one licensed tradesman w/5 undocumented workers v one and one, or none, steady stream of business, and so forth. Or is the expectation of a decent return only accpetable for big business? How does this work in, say, medicine? Should a patient expect a break in the bill from a one doctor practice v a physicians group?

    O/T parable follows; from time to time I used to hear similiar grumblings from Land Rover, Jaguar, BMW, and M-B owners who shopped their work from dealer to dealer to practically every foreign import shop in town in searching of a cut-rate bargain repair for their Euro Import status symbol. Sometimes you just couldn't avoid customer bellyaching over the bill, even if the work was performed perfectly and consumed more time than charged.

    Although I didn't keep a diary on the matter I can state affirmatively this behavior was most common among attorneys, with dentist and real estate people here and there.. I remember this one personal injury attorney who kicked his Range Rover's sunroof clear off the rails in a panic because the electric door locks quit (body control module went kapu). I guess some folks grow clear into adulthood never once finding the need to physically manipulate that funny little up-n-down thingy deal on the doorsill. His bill added up to approx $800.00, $500 of that for the factory parts with no markup. Man was he PO'ed. I've yet to figure that one out.

    At one time in my life I really enjoyed repairing imported luxury automobiles. No longer. Their owners made me detest them. Well, except for Ferraris. Ferrari owners are nothing at all like M-B, Jag, or Land Rover people. Moreso it wasn't uncommon for these customers to befriend their mechanics akin to the way most people develop relationships with a good hair stylist or bartender. There was an attitude of respect and mutual admiration for the vehicle. Me thinks Ferrari people love their cars, the other customers just love themselves. While Ferrari owners appreciated the level of technical expertise demanded the other Euro drivers oftentimes viewed the whole experience as an unwelcomed cost and inturruption of their fast-paced daily routine. "Dang it! The local tire and brake shop says they don't touch 'em so I have to surrender it to an overpriced specialist. The outrage! It's only fixing stuff, that's a lower class occupation. Professionals have degrees and clean clothes. What a ripoff"

    Have I gone far enough off topic at this point? :offtopic: There actually is a point... :gives: :razz:
     
  6. PoliticalChic
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    PoliticalChic Diamond Member

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    From my own experience, now a days, you need a graduate degree to get a good job. But the amount of money you have to spend to obtain a bachelor's and a master's degree doesn't necessarily translate to a job that pays in proportion to what you spent.

    Why aren't people screaming that tution prices should be lowered? Parents now have to plan for their children's college education as soon as they are born. It would make sense if the college education brought with it some sort of job security, but everyone knows that that isn't the case. People complain about the price of houses, gas, food, etc. Why isn't college education on the list especially since it is becoming more and more a necessity?
     
  7. Andrew2382
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    Andrew2382 Gold Member

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    Most schools already are. I graduated with a BA and I came out with over 60 thousand in school loans to be paid back and I was on a half scholarship.

    I can't even Imagine what tutitons are going to look like in 16 years when my son is ready to start school. School where I went where tuition was around 35 a year will be in the 60's I am sure by then.

    Fucking scary
     
  8. Amanda
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    Amanda Calm as a Hindu cow

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    I hope I can afford to go next year. So far it looks pretty good for getting financial assistance.
     
  9. PoliticalChic
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    PoliticalChic Diamond Member

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    Because the standards for college entry have been lowerd so, most corporations use graduate degrees to get better candidates. So basically, I'm going to have to shell out for undergraduate and graduate degrees for both my children.
     
  10. PoliticalChic
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    PoliticalChic Diamond Member

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    It makes me angry that they are charging so much for college. It doesn't bother you that after spending 4 years in college and spending X number of dollars, that this may not guarantee you a good job?
     

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