15 Replies to “Everything You Needed To Know About Student Loan Debt”

  1. I’m trying to imagine what kind of education could possibly be worth $62,000/year.
    My imagination just ain’t up to it.

  2. I’m not sure I’d agree with RFC. If one’s education is a genuine education, life-changing, and has equipped you to think critically about what you encounter, $60k is a bargain. On the other hand, very few institutions provide anything like that kind of education, while far too many charge extortionate fees for junk.

  3. If one wishes to spend $10,000 or $60,000 on university education, fine. They can come up with the funds or pay them back if having obtained a loan. It’s when people are dinks about things that drives me nuts (RE: “I want my tuition paid for.” or “Gender studies should lead me to an incredibly high salary in the public sector. I deserve it.”).

  4. What gets me are the tools who get degrees that have no potential to earn back … like “Peace Studies”. How many bureaucratic jobs are available for Peace Studies majors? Even an English major is a dead end for most unless it’s topped with an Education Degree or post-grad degree.
    Personal responsibility starts with your education choices … if you’re too stupid or idealistic to scan the job environment and actually calculate the chance of gaining meaningful employment based on a scrap of paper after 4, 5, 6, or more years of post-secondary schooling … then you deserve to be sweeping floors with your degree tucked in your back pocket.
    I’m always amazed when parents actually spring for crap degrees … “My dear Jenny is getting a degree in X” … and I’m thinking to myself, WTF?

  5. The question is a degree in what?
    Western economies are saturated with worthless degrees. Globalization and open borders will insure 100’s of thousands of more Chinese engineers and Indian “doctors” to drive taxis around Toronto.
    Unless they are certifiably “Brilliant” do your kids a favour and help steer them into a skilled trade in something useful. The future will pay very well for hands on technical professionals who were smart enough to stay out of debt and be paid to have learned an invaluable skill set.
    Getting paid even minimally for 4 years instead of incuring +20 years of debt in saturated job markets will put trades people at the head of the class in comming years.

  6. My son’r in Grade 11, getting 90s in math, and loves woodworking and CAD work. I seriously doubt he will go to university. Better something at SIAST that he can take to the job market in a year or two. Daughter is pursuing fine arts at the U of S, which is fine (she’s actually a very good artist). Under $10K a year, and we’re doing it without loans.
    $60K a year for an art degree? that’s, simply, insane.

  7. Maybe it is time to show the wage range and “employment upon graduation” stats for every degree in the universities and colleges annual calendars. Sure it could be fudged, but I’m sure the graduating students would cry foul more often to the schools for deceiving them. Maybe then the lack of enrollment would cause the schools to come down to reality and not be such shysters……that’s a big maybe I know.

  8. Don’t discount the lower graduation standards today keeping the puppy mill churning out substandard graduates. Of course this is said to help some segments of the population have a degree they otherwise couldn’t achieve, but it leaves employers with a flooded market of underachievers to sort through.
    With the liberal left hell bent on killing entrepreneurship, there is a declining ratio of future productive start-ups to exponentially increasing graduates, good or bad. Save for the UNICEF style government non productive job creation, our kids are screwed for enjoying the lifestyles and services that we once did. You see it everywhere today already.

  9. Thankfully, after my arts degee, I obtained a good union public service job. I have earned my way to middle management through about 5 years of seniority.

  10. it’s the holders of useless ‘degrees’ writing the requirements that all new hires hold degrees that drives the ‘education’ industry. I grow tired so tired of trying to read the error-laced drivel written by them, it’s easy to see that they just hit ‘accept all changes’ when they run a spellchecker and never read the final product, which is largely what’s being taught now.
    University doesn’t teach any verifiable facts or procedures anymore, it’s all about the ‘social experience’ (heavy on the social as in socialist) and parroting back the liebral slogans of the ‘professor’ that has no clue what they’re teaching, and straying the slightest from their agenda earns the student nothing but contempt and ‘re-education’ seminars until they learn to do and say what they’re expected to instead of thinking and challenging as true students are supposed to.
    Degree requirements are being added for jobs that have no need for it, there was an ad recently for a job at a Radio Shack store (or whatever they’re calling it this week) for a salesclerk with the expectation that they’d hold a degree ! Ads for daycare workers list a sociology or early child development degree (not certificate…degree), three years experience, bilingual and ‘own vehicle’ for $10/hr…and the list goes on…the great social experiment caused this lunacy and the moonbats are in their glory, because their liebral arts degrees in advanced Patagonian basket weaving masquerading as ‘anthropology’ are finally worth something…well, not really ‘worth’ anything but counted as far more than they should be, and the subsidies keep rolling in for the universities because no government wants to be blamed in the media for undercutting education…and the parasites and trust fund liebrals have the utter audacity to demand that the taxpayer pay for their education when that taxpayer can barely pay for their own children’s…guaranteed not one of them has ever paid a dime in taxes in their life and probably never will because they’ll be using the same loopholes they’re protesting against when it comes time for them to make their contribution to the community pot.

  11. I rest my case…I wonder if St. Andreas sub-contracts….
    (The Blaze) — A sociology professor at Northern Michigan University has purportedly offered her students extra credit for taking part in a local Occupy protest.
    According to an email obtained by The Blaze, Professor Jeanne Lorentzen is offering students in her introductory sociology course 20 extra credit points if they attend an Occupy the Upper Peninsula demonstration with her on Saturday. Students who do not wish to attend the protest have the option of writing a 20-page term paper about a social movement to receive the same extra credit. Neither assignment is compulsory.
    The email says students who choose to attend must make a protest sign that can say anything as long as it’s not “offensive, rude or divisive.” To qualify for the extra credit, students must sign an attendance sheet twice, at the beginning and end of the march.

  12. First, there is a big difference between “education” and “schooling”. Some of the most educated people in the world are poorly schooled.
    Second, if someone wants to pay $60K plus per year for tuition…fill your boots. Just don’t expect anyone else to pick up the tab. If you can’t make the economic argument for such an education on your own, why the hell should the uninvolved taxpayer have to pick up the tab for you?
    We aren’t funding hobbies.

  13. Griggs vs Duke Power effectively ended the ability of private employers to use aptitude tests to screen employees. Degree required is the new substitute. Sorry, kid. It’ll cost you $25 to $250 thousand to apply.
    Worse, some degrees are not only worthless, they are a red flag to most prospective employers. Full disclosure: I will never hire the holder of any XYZ Studies degree. Who needs a professional grievance monger?
    There is nothing the government cannot make worse, but the easily led are protesting Wall Street. Figures.

  14. Pretty near every doctor in the USA starts practice with a $200k+ debt load. Fun, eh? Unless they went Ivy League of course, then its more like $400k+.

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