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View Diary: A new approach to the student debt crisis (121 comments)

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  •  it's the grandaddy of all vicious cycles (7+ / 0-)

    for some reason that completely escapes me, americans have bought wholesale into the toxic notion that education has no intrinsic value, but is only a stepping stone to employment.  college and learning should not be degraded so; nobody needs a goddamn degree to do office admin work.

    so there's all this pressure to go to college, and so everybody does.  that requires expansion/facilities upgrades, especially with all the "competition" for tuition dollars.  that requires mucho dinero.  

    then, because everybody and their idiot frat brother has a degree, employers get lazy and use a bachelor's as a weeding mechanism for jobs that couldn't pertain less to the degree in question.

    lather, rinse, repeat.

    the Millennial Generation has chosen to take on student debt
    fixed.  pursuing college and its attendant debt is a choice people make.  it really is.  the sooner people stop buying into the "you need a degree to have a job" bullshit, the sooner colleges move away from being businesses and back to institutions of higher learning.  

    Please don't dominate the rap, Jack, if you got nothin' new to say - Grateful Dead

    by Cedwyn on Tue Jun 04, 2013 at 05:21:49 AM PDT

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    •  I am with you on this one. (8+ / 0-)
      ...americans have bought wholesale into the toxic notion that education has no intrinsic value, but is only a stepping stone to employment.  college and learning should not be degraded so; nobody needs a goddamn degree to do office admin work.
      Not that it matters anyhow. How many administrators do you meet, who actually remember anything from their college days?

      If we collectively remembered the lessons of the Humanities---i.e., History, perhaps we wouldn't be dead set on repeating the Great Depression NOW.

      •  My college education opened up so many (3+ / 0-)
        Recommended by:
        AoT, Cedwyn, Whatithink

        opportunities for me, not because I went to college 'de riguer' but out of my own passion for learning...not every field of work is substantiated by a 'degreed' person...but when it IS, it matters.

        “The only way evil flourishes is for good people to do nothing.” Edmund Burke

        by soaglow on Tue Jun 04, 2013 at 01:39:26 PM PDT

        [ Parent ]

        •  Yes, that is wonderful, but judging a person's (1+ / 0-)
          Recommended by:

          value as a worker, almost entirely on whether they have a degree, and where it's from [how much they paid for it] is just classism.

          It's not great indicator of innate intelligence, or even aptitude. It simple proves among most that they persevered, and that they were able to acquire the cash to do so.

          If the masses receiving a college education were supposed to somehow lift us up culturally, we would be in flying cars by now, brokering genuine world peace. The outcome, however has only been increased, and unnecessary poverty, re-institution of what is basically an moneyed aristocracy, and an increase in the gap between the super-wealthy and the working poor.

          That is a supremely stupid waste of resources, minds, lives, souls, and it does nothing to better society at all.

          Education without some kind of meaningful ethical instruction is simply arming the assholes.

          And putting it out of reach, while posing it as a way to end personal poverty, when in reality the opposite is true, should be classified as cruel and inhuman punishment.

          I loved college. I was very good at it. However I am not going to put a second mortgage on my home to get it, when I can just as easily do directed readings at home.

          I thought for a while, my dream would be to become an adjunct professor while I raised my family. After seeing what happened to friends who graduated and did just that, I feel sad I wasn't able to get those degrees, but thankful I am not saddled with debt and degrees that have been made essentially worthless by what amounts to an army of what I can only describe as Vogons.

          It's sick.

          What will we pass on to our subsequent generations? Isn't it obvious?

          The cost of everything and the value of nothing.

    •  From a cold-blooded economics point of view, one (7+ / 0-)

      can even make the argument that the very existence of unsecured student loan programs available to anyone irresepctive of their repayment abilities is one factor that has allowed the price of higher education to outpace inflation by a statistically significant amount each year over the past 20 years.

      Choke off the student loan pipeline and suddenly college snd universities will have to scramble for a much smaller pool of total student $$. Would result in massive displacement of unemployed academics (bad!) and adminsitrators (not so bad! :) Even so, though, eliminating the student loan program or sharply curtailing its scope bears some scrutiny, I think.

    •  It is far from just a choice (4+ / 0-)

      When you grow up with literally everyone you know telling you that you'll be nothing if you don't go to college and get a degree then it sure a fuck doesn't seem like a choice. Of course, now that my generation has these degrees we've got all these people telling us otherwise. Convenient that everyone waited until after there was a student debt crisis to bring this up.

      If debt were a moral issue then, lacking morals, corporations could never be in debt.

      by AoT on Tue Jun 04, 2013 at 10:14:36 AM PDT

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