• Welcome to OGBoards 10.0, keep in mind that we will be making LOTS of changes to smooth out the experience here and make it as close as possible functionally to the old software, but feel free to drop suggestions or requests in the Tech Support subforum!

A college degree is a lousy investment

18 min video
https://www.cnbc.com/2019/02/02/hig...ege-expensive-student-loan-debt-america.html?

Those on video pondering solutions did not take an Econ 101 course. College is expensive because there is an endless, guaranteed supply of money in the form of student loans.
Change the law to make those loans dis-chargeable in bankruptcy, and schools then have to become selective in who gets loans and at what amounts.

What is new is the ISA model. Thoughts on that - particularly from students or recent graduates?
 
What problem does that attempt to solve?

The real problem is income inequality. Filthy rich parents and working class families are buying the same valuable asset. That skews the price to be less affordable for more people.
 
PhDeac said:
What problem does that attempt to solve?

The real problem is income inequality. Filthy rich parents and working class families are buying the same valuable asset. That skews the price to be less affordable for more people.
Click to expand...

ISA's peg education value to income derived from that education. Worthless degrees yield no money for colleges. ISA's limit debt to a negotiated percentage of income for a fixed period of time, unlike today.

The problem I see with ISA's is what happens to those with post-graduate degrees? A masters and doctoral student would have debt percentages stacked to an unreasonable amount - even given the increase in income. Not exactly sure how that would work, tbh. Seems for them the undergraduate degree is the least valuable, but essential first step to secondary education.
 
What’s a worthless degree? Worthless compared to what? Other degrees? No degree at all? How about loans taken out for general education coursework or an AA transfer?

How do you separate a degree from the people who get it? Does a degree earned by someone who transferred in count the same as someone who earned every credit at the institution?

Still not sure what problem this solves?
 
Last edited:
You think a barber degree is worthless but that doesn’t make it so.
 
Now you're talking about the price of a degree, not the "worth."
 
Stan Gable said:
Doubt the barber I go to dropped 250k learning how to cut hair....
Click to expand...

Also contributes more to society than sociology majors. Actually decent ROI when considering cost of entry into the marketplace and average pay. Not a lousy investment.
 
I really shouldn't have dropped out of bartending school.
 
So how much have the salaries of faculty and staff increased over that period?
 
...yet people pay it in the hope or belief that it's worth it to them, or their kids.
 
Has there ever been a better example of the impact of government subsidy on an industry?
 
You must log in or register to reply here.
Back
Top