PoliticalChic
Diamond Member
1. A couple of generations ago, if a high school student wanted to go to college, he first had to plan, work, scrimp and save up the money. Sometimes he had to work for a few years after high school graduation before he could save up enough to attend college
. Having to pay for college resulted in students who really valued the college experience, who really wanted to be there for what they could learn, and who were mature enough for it.
2. Now, the government aggressively encourages all students to attend college. But many students shouldnt go: Some simply are not academically suited for college; others do not have the work ethic necessary to succeed; others never use what they studied in college for their careers. Yet instead of promoting other types of career development, the government has fixated on colleges, coercing them to lower their academic standards to allow more students in.
a. There was a time when a college education actually became cheaper each year. As recently as the early 1970s, the cost of a degree was falling annually by 17 percent. Then something changed, and the price tag for college hasnt stopped rising since.
b. In 1978, the government started giving out taxpayer-funded student loans to people regardless of their income. From 1978 to 1981, government aid shot up by a whopping 70 percent Tuition started to rise.
3. Long story short: More students went to college, costs rose, students complained, the government provided more student loans, grants, subsidies to colleges, and so on.
4. Monica Johnson is a 35-year-old college graduate who helped organize the Occupy Graduation protest at Hunter College in New York. Fifteen years ago, she borrowed $15,000 to pay for college. In 2007, she decided to go back to school for a fine arts degree and took out an additional $60,000 in loans, which shot up to $88,000after she dropped out of the program .Normally it wouldnt be in a banks self-interest to lend such serious money to such students. But thanks to politicians, it is in their self-interest.
5. In the past, student loans were much harder to come by. They were given out more like mortgagesor how mortgages used to be. If you wanted a loan for a home, you had to have a good job and good credit history, and you had to put down good collateral (the property). [Today, any student] can get hundreds of thousands of dollars in low-interest-rate student loans simply handed to him. Why?
a. Congress has passed a law saying that students simply can never default. A struggling student can even declare bankruptcy and still not have his debt wiped clean. Another law says that when a student does stop making his payments, his wages can be garnished without even appearing before a judge and justifying a court order.
6. Doesnt it make more sense for banks to lend based upon real-world factors? Things like: what grades did the student get in high school; did the student work a job in high school; does the student have good references; and what degree program does the student want this money to pay for? If a student wants a loan to take courses in Philosophy of Star Trek (no joke), that should be his or her choice. But it is also the banks prerogative to charge a higher interest rate, or decline to give that student a loan at all, since the odds of him finding a job afterward and paying back his loan are virtually nil .It would bring accountability and consequences back into the system.
a. students would have to take degree programs that are worthwhile. Thus universities would have to find cost savings and cut useless and wasteful programs. If universities wanted to offer programs for occupations that paid less, they would have to reduce tuition costs to attract students.
7. This system has produced a generation of students taking degree programs that are, essentially, worthless. Some students at Harvard spend $62,000 per year working toward degrees in Folklore and Mythology. Courses include Witchcraft and Charm Magic, Continuing Oral Traditions in Indigenous Communities, Hero and Trickster, and African Women Storytellers. Four-year total cost: $248,000. Job prospect: zero. Probability of debt slavery: Close to 100 percent.
a. Then there are all the students who graduate with majors that end in studies: Gay and Lesbian Studies, African American Studies, Womens Studies, Medieval Studies. These degrees should be marketed, Studies in how to make yourself obnoxious to a potential employer and never get a job.
8. And sometimes they dont even get the degree. Each year around 2.3 million hopefuls enroll in college. Over half of them drop out before finishing. Sucked Under by That College Degree - theTrumpet.com - World News Analysis Based on Bible Prophecy by the Philadelphia Church of God
2. Now, the government aggressively encourages all students to attend college. But many students shouldnt go: Some simply are not academically suited for college; others do not have the work ethic necessary to succeed; others never use what they studied in college for their careers. Yet instead of promoting other types of career development, the government has fixated on colleges, coercing them to lower their academic standards to allow more students in.
a. There was a time when a college education actually became cheaper each year. As recently as the early 1970s, the cost of a degree was falling annually by 17 percent. Then something changed, and the price tag for college hasnt stopped rising since.
b. In 1978, the government started giving out taxpayer-funded student loans to people regardless of their income. From 1978 to 1981, government aid shot up by a whopping 70 percent Tuition started to rise.
3. Long story short: More students went to college, costs rose, students complained, the government provided more student loans, grants, subsidies to colleges, and so on.
4. Monica Johnson is a 35-year-old college graduate who helped organize the Occupy Graduation protest at Hunter College in New York. Fifteen years ago, she borrowed $15,000 to pay for college. In 2007, she decided to go back to school for a fine arts degree and took out an additional $60,000 in loans, which shot up to $88,000after she dropped out of the program .Normally it wouldnt be in a banks self-interest to lend such serious money to such students. But thanks to politicians, it is in their self-interest.
5. In the past, student loans were much harder to come by. They were given out more like mortgagesor how mortgages used to be. If you wanted a loan for a home, you had to have a good job and good credit history, and you had to put down good collateral (the property). [Today, any student] can get hundreds of thousands of dollars in low-interest-rate student loans simply handed to him. Why?
a. Congress has passed a law saying that students simply can never default. A struggling student can even declare bankruptcy and still not have his debt wiped clean. Another law says that when a student does stop making his payments, his wages can be garnished without even appearing before a judge and justifying a court order.
6. Doesnt it make more sense for banks to lend based upon real-world factors? Things like: what grades did the student get in high school; did the student work a job in high school; does the student have good references; and what degree program does the student want this money to pay for? If a student wants a loan to take courses in Philosophy of Star Trek (no joke), that should be his or her choice. But it is also the banks prerogative to charge a higher interest rate, or decline to give that student a loan at all, since the odds of him finding a job afterward and paying back his loan are virtually nil .It would bring accountability and consequences back into the system.
a. students would have to take degree programs that are worthwhile. Thus universities would have to find cost savings and cut useless and wasteful programs. If universities wanted to offer programs for occupations that paid less, they would have to reduce tuition costs to attract students.
7. This system has produced a generation of students taking degree programs that are, essentially, worthless. Some students at Harvard spend $62,000 per year working toward degrees in Folklore and Mythology. Courses include Witchcraft and Charm Magic, Continuing Oral Traditions in Indigenous Communities, Hero and Trickster, and African Women Storytellers. Four-year total cost: $248,000. Job prospect: zero. Probability of debt slavery: Close to 100 percent.
a. Then there are all the students who graduate with majors that end in studies: Gay and Lesbian Studies, African American Studies, Womens Studies, Medieval Studies. These degrees should be marketed, Studies in how to make yourself obnoxious to a potential employer and never get a job.
8. And sometimes they dont even get the degree. Each year around 2.3 million hopefuls enroll in college. Over half of them drop out before finishing. Sucked Under by That College Degree - theTrumpet.com - World News Analysis Based on Bible Prophecy by the Philadelphia Church of God