Defund Columbia: Federal loans for high-cost, low-value graduate schools have enabled the Ivy League master’s-degree racket to thrive.

[Drop Dead Fred]

I agree with this. When graduates have debt equal to six times their annual salary, the college is a scam. The federal government should not be giving loans to these fraudulent schools.

Defund Columbia | National Review

Defund Columbia

By Preston Cooper

July 13, 2021

Federal loans for high-cost, low-value graduate schools have enabled the Ivy League master’s-degree racket to thrive.

Columbia University is among America’s most elite schools. Many believe that a graduate degree from Columbia or another Ivy League school will lead to financial security for life. But a recent investigation by Wall Street Journal reporters Melissa Korn and Andrea Fuller shows that this perception, so eagerly cultivated by universities, is a fiction.

Master’s-degree students at Columbia and many other elite schools take on hundreds of thousands of dollars in student-loan debt. Yet after they graduate, too many find that the degree did not open the doors promised. The existence and scale of these subpar graduate programs is tied to irresponsible federal lending practices, which extend unlimited lines of credit to graduate students with no regard to their ability to repay.

Students in Columbia’s Master of Fine Arts in film program typically accumulate $181,000 in federal debt, according to the report. But when they enter the labor market, their median salary is just $30,000 — less than one-sixth of the debt they took on. Few, if any, of those students will fully repay what they borrowed from taxpayers.

 

[shoshi]

Can not the same be said of any university?

 

[JGalt]

Those Master's Degrees will sure come in handy when those graduates are working as baristas at Starbucks. They'll be able to rattle off some pretty amazing shit while brewing up a frothy cup of mocha latte.

Welcome to Joe Biden's economy, folks.

 

[shoshi]

181,000 seems very high. You could attend many coding camps for much less. But not everyone wants to go into programming or cyber security. I recommend it because it is fun for me and job security is good in the industry.

 

[PoliticalChic]

I agree with this. When graduates have debt equal to six times their annual salary, the college is a scam. The federal government should not be giving loans to these fraudulent schools.

Defund Columbia | National Review

Defund Columbia

By Preston Cooper

July 13, 2021

Federal loans for high-cost, low-value graduate schools have enabled the Ivy League master’s-degree racket to thrive.

Columbia University is among America’s most elite schools. Many believe that a graduate degree from Columbia or another Ivy League school will lead to financial security for life. But a recent investigation by Wall Street Journal reporters Melissa Korn and Andrea Fuller shows that this perception, so eagerly cultivated by universities, is a fiction.

Master’s-degree students at Columbia and many other elite schools take on hundreds of thousands of dollars in student-loan debt. Yet after they graduate, too many find that the degree did not open the doors promised. The existence and scale of these subpar graduate programs is tied to irresponsible federal lending practices, which extend unlimited lines of credit to graduate students with no regard to their ability to repay.

Students in Columbia’s Master of Fine Arts in film program typically accumulate $181,000 in federal debt, according to the report. But when they enter the labor market, their median salary is just $30,000 — less than one-sixth of the debt they took on. Few, if any, of those students will fully repay what they borrowed from taxpayers.

Columbia grad, here.

One can get through without student debt.....



Best thing about Columbia is the fight song:

 

[PoliticalChic]

I agree with this. When graduates have debt equal to six times their annual salary, the college is a scam. The federal government should not be giving loans to these fraudulent schools.

Defund Columbia | National Review

Defund Columbia

By Preston Cooper

July 13, 2021

Federal loans for high-cost, low-value graduate schools have enabled the Ivy League master’s-degree racket to thrive.

Columbia University is among America’s most elite schools. Many believe that a graduate degree from Columbia or another Ivy League school will lead to financial security for life. But a recent investigation by Wall Street Journal reporters Melissa Korn and Andrea Fuller shows that this perception, so eagerly cultivated by universities, is a fiction.

Master’s-degree students at Columbia and many other elite schools take on hundreds of thousands of dollars in student-loan debt. Yet after they graduate, too many find that the degree did not open the doors promised. The existence and scale of these subpar graduate programs is tied to irresponsible federal lending practices, which extend unlimited lines of credit to graduate students with no regard to their ability to repay.

Students in Columbia’s Master of Fine Arts in film program typically accumulate $181,000 in federal debt, according to the report. But when they enter the labor market, their median salary is just $30,000 — less than one-sixth of the debt they took on. Few, if any, of those students will fully repay what they borrowed from taxpayers.

The article you quote notwithstanding, we have a number of Ivy grads in the family.....and, it is true that it opens many doors to have that Ivy ring.

 

[PoliticalChic]

I agree with this. When graduates have debt equal to six times their annual salary, the college is a scam. The federal government should not be giving loans to these fraudulent schools.

Defund Columbia | National Review

Defund Columbia

By Preston Cooper

July 13, 2021

Federal loans for high-cost, low-value graduate schools have enabled the Ivy League master’s-degree racket to thrive.

Columbia University is among America’s most elite schools. Many believe that a graduate degree from Columbia or another Ivy League school will lead to financial security for life. But a recent investigation by Wall Street Journal reporters Melissa Korn and Andrea Fuller shows that this perception, so eagerly cultivated by universities, is a fiction.

Master’s-degree students at Columbia and many other elite schools take on hundreds of thousands of dollars in student-loan debt. Yet after they graduate, too many find that the degree did not open the doors promised. The existence and scale of these subpar graduate programs is tied to irresponsible federal lending practices, which extend unlimited lines of credit to graduate students with no regard to their ability to repay.

Students in Columbia’s Master of Fine Arts in film program typically accumulate $181,000 in federal debt, according to the report. But when they enter the labor market, their median salary is just $30,000 — less than one-sixth of the debt they took on. Few, if any, of those students will fully repay what they borrowed from taxpayers.

 

[busybee01]

I agree with this. When graduates have debt equal to six times their annual salary, the college is a scam. The federal government should not be giving loans to these fraudulent schools.

Defund Columbia | National Review

Defund Columbia

By Preston Cooper

July 13, 2021

Federal loans for high-cost, low-value graduate schools have enabled the Ivy League master’s-degree racket to thrive.

Columbia University is among America’s most elite schools. Many believe that a graduate degree from Columbia or another Ivy League school will lead to financial security for life. But a recent investigation by Wall Street Journal reporters Melissa Korn and Andrea Fuller shows that this perception, so eagerly cultivated by universities, is a fiction.

Master’s-degree students at Columbia and many other elite schools take on hundreds of thousands of dollars in student-loan debt. Yet after they graduate, too many find that the degree did not open the doors promised. The existence and scale of these subpar graduate programs is tied to irresponsible federal lending practices, which extend unlimited lines of credit to graduate students with no regard to their ability to repay.

Students in Columbia’s Master of Fine Arts in film program typically accumulate $181,000 in federal debt, according to the report. But when they enter the labor market, their median salary is just $30,000 — less than one-sixth of the debt they took on. Few, if any, of those students will fully repay what they borrowed from taxpayers.

The enemy list on the right continues to grow. If Republicans ever get control again there will be another Night of the Long Knives as Republicans go after their enemies.

 

[Dragonlady]

I agree with this. When graduates have debt equal to six times their annual salary, the college is a scam. The federal government should not be giving loans to these fraudulent schools.

Defund Columbia | National Review

Defund Columbia

By Preston Cooper

July 13, 2021

Federal loans for high-cost, low-value graduate schools have enabled the Ivy League master’s-degree racket to thrive.

Columbia University is among America’s most elite schools. Many believe that a graduate degree from Columbia or another Ivy League school will lead to financial security for life. But a recent investigation by Wall Street Journal reporters Melissa Korn and Andrea Fuller shows that this perception, so eagerly cultivated by universities, is a fiction.

Master’s-degree students at Columbia and many other elite schools take on hundreds of thousands of dollars in student-loan debt. Yet after they graduate, too many find that the degree did not open the doors promised. The existence and scale of these subpar graduate programs is tied to irresponsible federal lending practices, which extend unlimited lines of credit to graduate students with no regard to their ability to repay.

Students in Columbia’s Master of Fine Arts in film program typically accumulate $181,000 in federal debt, according to the report. But when they enter the labor market, their median salary is just $30,000 — less than one-sixth of the debt they took on. Few, if any, of those students will fully repay what they borrowed from taxpayers.

A friend's niece is currently applying to social work programs. The "best school" in the field will cost her $60,000/ year, for tuition, books, dorm room and fees for a four year program. $240,000 total. This will qualify her for a job which pays $40,000 per year, on average.

My 4 year program cost $2,000 per year for tuition and books, and I was earning $20,000 per year when I graduated. At the end of the 4 years, I had zero student debt.

 

[PoliticalChic]

The enemy list on the right continues to grow. If Republicans ever get control again there will be another Night of the Long Knives as Republicans go after their enemies.

How so?


Let's check where that phrase applies.....



The Democrats authorized and supported 12,045 riots, arsons, anarko-terrorist acts in the year leading up to the election.