More than a third of college graduates with student loans say they DIDN'T get their money's worth

submitted by HeyImSancho from (dailymail.co.uk)

all 10 comments
sorted by:
top
newinsightfulfun

[–]HeyImSancho[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

QUOTE: "36% of college graduates with student loans say the debt wasn't worth the degree they earned, according to a new survey by Merrill Lynch On average, young adults in America graduate with $36,888 in student debtPeople age 18-35 spend an average of 9% of their salary on student loan debt 43.3% of young American families have student loan debt, federal data showsAs a result, young Americans are delaying buying homes and having children"

So, I remember, vocational education being phased out in the early, to mid 80's. The push was COLLEGE!!!!! YOU'RE STUPID IF YOU DON'T GO!!!! So a huge push, and look at the amount of money it made the oligarchy; my god, 1.5 trillion debt, with interest owed; wow, and basically for a great deal of degrees that are a scam; in regards to jobs(we're sold on college for better jobs, right?)

There really are great opportunities without college; just saying.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (3 children)

The biggest criminals in all of this are the private schools that teach you basket weaving, or its equivalent, for $20,000 a year. Parents did a really bad job of making sure their kids went into fields that were growing in jobs. Pretty much anything that has to do with nursing, or medical care, is still a safe bet.

[–]HeyImSancho[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

I've got people in medical in my family; they do very well; agreed on the profession for now. However, they're stay in fear over current proposed legislation that would limit income; actually increase workload.

As far as basket weaving, I think that's actually something that could make at the least a living wage, but would enable a self starter doing their own business. Perhaps that's what's lacking with universities; they offer oddball degrees, and don't show the graduates proper successful application? Which would still indicate an absolute fail.

[–]SundogsPlace 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I agree with you on all points except > Parents did a really bad job of making sure their kids went into fields that were growing in jobs.

When a person reaches 18, they are adults and as adults are responsible for choosing a career path. The parents can talk till they're blue in the face, but in the end, if the 18-year-old picks a career in basket weaving, it's not the fault of the parent.

And yes the basket weaving type of careers, the easier ones to get a degree in are the ones where there are no jobs. These people pick the easy road then complain that the taxpayer should bail them out for making stupid career path decisions. The people who chose the career path of as you pointed out, medical, or engineering, those people hardly have worthless degrees, but they worked their ass off to get that degree.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Parents don't start advising their kids when the reach 18. It's their job to steer the child into a filed, or vocation, that suits them and has a future.

[–]Arkansas 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

I don't understand why students choose to take on thousands in debt for a degree they know isn't lucrative in the slightest. Why would you subject yourself to that?

[–]HeyImSancho[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

They talk to guidance councilors..... You know, the folks who couldn't find a job elsewhere other than a school campus; not always true though, there are a few good ones, but like all professions, they're are many to most just collecting a check.

On that note though, any degree shows a 'can stick with it', which can be valuable to help employers decide when an potential employee, possibly lacking some 'paper credentials', but showing absolute promise for the particular job.

[–]SundogsPlace 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Usually, because they're lazy. They pick the easiest degrees to get. Note the more difficult degrees in engineering or medical have no shortage of jobs.

[–]mystriddlery 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Having just finished paying for school out of pocket without loans, I'd say the same thing. I worked while doing part time school and honestly I had so many online classes that the teacher put zero effort into, literally just linking to youtube videos to teach us and telling us which pages of the textbook to read, thats it. I'd feel pretty pissed if I grew up with everyone telling me the importance of college, to the point that I took out loans, and that was all I got.

Now, at my school at least, this was due to teachers not making enough money (for about 1/3rd of our teachers, their teaching gig was actually considered their second job because they made more elsewhere, there were strikes all the time over mismanagement of funds) so I'm not sure where this problem lies, but I think making the requirements for becoming a teacher, while also implementing some serious pay-raises would bring in more teachers who actually did their job well. I work in the school system now and can tell you schools have lowered their requirements for becoming a teacher by a ton.

[–]SundogsPlace 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Good for you! Smart enough to work and not take out loans you couldn't afford to pay back. You mention teachers being lazy and pointing to Youtube. If a person is hired to teach for an agreed upon salary, they should do what they were hired to do and teach. There's no other profession where it's acceptable not to do what you were hired to do or do it half-assed because you aren't paid what you want to be paid. These lazy teachers should be ashamed, and be fired. There are a whole lot of folks who would love to do this job for the agreed upon pay and do it correctly.