Education

In search of truth, the mysterious, and bizarre. Gary rules here.
Forum rules
Civil discussion appreciated. No Spam...
User avatar
Gary Oak
VIP Member
VIP Member
Posts: 7581
Joined: June 25th, 2012, 5:32 pm

Education

Post: # 47375Unread post Gary Oak »

I am always working on learning something ,reading a book on something and doing language study however this article does have some interesting points.

The Black Secret of Higher Education

By Professor Doom
6-2-13

I


User avatar
Blue Frost
SUPER VIP
SUPER VIP
Posts: 92978
Joined: May 14th, 2012, 1:01 am
Location: Yodenheim

Re: Education

Post: # 47385Unread post Blue Frost »

I think it's a total scam, and more stupid for everyone to have a collage education when jobs are not available for the fields that are offered.
I know so many collage grads working at mediocre jobs, and almost starving to pay off a loan.
I was talking with Shen Li, and Renee about the ones I worked with at Ford also, and how useless their degrees was.
Also the waste of working to get a degree if there is no jobs around for that field of study.
Why waste money on what you never will work at, look around first to see if there is a demand for that job.

Government is in on the scam, they are the middleman.
Of course I talk to myself. Sometimes I need expert advise, and a good conversation.
User avatar
Gary Oak
VIP Member
VIP Member
Posts: 7581
Joined: June 25th, 2012, 5:32 pm

Re: Education

Post: # 153409Unread post Gary Oak »

I am surprised that psychology was the lowest on the "was it worth it" graph. I would have thought that engineering and law dgrees would have been closer to the top too. It's not surprising that computer degrees came in second.

The Most (And Least) Worthwhile Degrees

http://www.zerohedge.com/news/2017-03-0 ... le-degrees

We are reminded of The Mises Institute's Josh Grossman comments, that easy access to student loans has created demand for useless degrees.

Last week, former Secretary of Education and US Senator Lamar Alexander wrote in the Wall Street Journal that a college degree is both affordable and an excellent investment. He repeated the usual talking point about how a college degree increases lifetime earnings by a million dollars, “on average.” That part about averages is perhaps the most important part, since all college degrees are certainly not created equal. In fact, once we start to look at the details, we find that a degree may not be the great deal many higher-education boosters seem to think it is.

In my home state of Minnesota, for example, the cost of obtaining a four-year degree at the University of Minnesota for a resident of Minnesota, North Dakota, South Dakota, Manitoba, or Wisconsin is $100,720 (including room and board and miscellaneous fees). For private schools in Minnesota such as St. Olaf, however, the situation is even worse. A four-year degree at this institution will cost $210,920.

This cost compares to an average starting salary for 2014 college graduates of $48,707. However, like GDP numbers this number is misleading because it is an average of all individuals who obtained a four-year degree in any academic field. Regarding the average student loan debt of an individual who graduated in 2013, about 70 percent of these graduates left college with an average student loan debt of $28,400. This entails the average student starting to pay back these loans six months after graduation or upon leaving school without a degree. The reality of this situation is that assuming a student loan interest rate of 6.8 percent and a ten-year repayment period, the average student will be paying $326.83 every month for 120 months or a cumulative total re-payment of $39,219.28. Depending upon a student’s job, this amount can be a substantial monthly financial burden for the average graduate.

All Degrees Are Not of Equal Value
Unfortunately, there is no price incentive for students to choose degrees that are most likely to enable them to pay back loans quickly or easily. In other words, these federal student loans are subsidizing a lack of discrimination in students’ major choice. A person majoring in communications can access the same loans as a student majoring in engineering. Both of these students would also pay the same interest rate, which would not occur in a free market.

In an unhampered market, majors that have a higher probability of default should be required to pay a higher interest rate on money borrowed than majors with a lower probability of default. In summary, it is not just the federal government’s subsidization of student loans that is increasing the cost of college, but the fact that demand for low-paying and high-default majors is increasing, because loans for these majors are supplied at the same price as a major providing high salaries to its possessor with a low probability of default.

And which programs are the most likely to pay off for the student? The top five highest paying bachelor’s degrees include: petroleum engineering, actuarial mathematics, nuclear engineering, chemical engineering and electronics and communications engineering, while the top five lowest paying bachelor’s degrees are: animal science, social work, child development and psychology, theological and ministerial studies, and human development, family studies, and related services. Petroleum engineering has an average starting salary of $93,500 while animal science has an average starting salary of $32,700. This breaks down for a monthly salary for the petroleum engineer of $7,761.67 versus a person working in animal science with a monthly salary of $2,725. Based on the average monthly payment mentioned above, this would equate to a burden of 4.2 percent of monthly income (petroleum engineer) versus a burden of 12 percent of monthly income (animal science). This debt burden is exacerbated by the fact that it is now nearly impossible to have student loan debts wiped away even if one declares bankruptcy.

Ignoring Careers That Don’t Require a Degree
Meanwhile, there are few government loan programs geared toward funding an education in the trades. And yet, for many prospective college students, the trades might be a much more lucrative option. Using the example of plumbing, the average plumber earns $53,820 per year with the employer paying the apprentice a wage and training.

Acknowledging the fact that this average salary is for master plumbers, it still equates to a $20,000 salary difference between it and someone with a four-year degree in animal science while having no student loans as a bonus. Outside of earning a four-year degree in science, technology, engineering, math or, accounting with an average starting salary of $53,300, nursing with an average starting salary of $53,624, or as a family practice doctor on the lower end of physician pay of $161,000, society might be better served if parents and educators would stop using the canard that a four-year degree is always worth the cost outside of a few majors mentioned above. Encouraging students to consider the trades and parents to give their children the money they would spend on a four-year college degree to put a down payment on a house might be a better use of finite economic resources. The alternative of forcing the proverbial square peg into a round hole will condemn another generation to student debt slavery forcing them to put off buying a home or getting married.

Loans Drive Overall Demand
The root of the problem is intervention by the federal government in providing student loans. Since 1965 when President Johnson signed the Higher Education Act tuition, room, and board has increased from $1,105 per year to $18,943 in 2014–2015. This is an increase of 1,714 percent in 50 years. In addition, the Higher Education Act of 1965 created loans which are made by private institutions yet guaranteed by the federal government and capped at 6.8 percent. In case of default on the loans, the federal government — that is, the taxpayers — pick up the tab in order for these lenders to recover 95 cents on every dollar lent. Loaning these funds at below market interest rates and with the federal government backing up these risky loans has led to massive malinvestment as the percentage of high-school graduates enrolled in some form of higher education has increased from 10 percent before World War II to 70 percent by the 1990s. Getting a four-year degree in nearly any academic field seemed to be the way in which to enter or remain in the middle class.

But just as with the housing bubble, keeping interest below market levels while increasing the money supply in terms of loans — while having the taxpayer on the hook for a majority of these same loans — leads to an avalanche of defaults and is a recipe for disaster.
User avatar
Blue Frost
SUPER VIP
SUPER VIP
Posts: 92978
Joined: May 14th, 2012, 1:01 am
Location: Yodenheim

Re: Education

Post: # 153425Unread post Blue Frost »

Gary Oak wrote: psychology
psychology is took by a lot of people, it's almost useless in their fields, but usually always tooted that they have it. I keep telling my nephew to think about computer science, and robotics, and programing, those are the future.
Of course I talk to myself. Sometimes I need expert advise, and a good conversation.
User avatar
Gary Oak
VIP Member
VIP Member
Posts: 7581
Joined: June 25th, 2012, 5:32 pm

Re: Education

Post: # 190036Unread post Gary Oak »

Look at this deep insight from a professor in a California university. “Heterosexuality is tragic especially for straight women “! Students are paying big bucks to learn things like this ? What else are they teaching ? It’s no wonder so many educated freaks voted for Justin Trudeau and joe Biden. https://www.wnd.com/2021/01/university- ... rly-women/
User avatar
Gary Oak
VIP Member
VIP Member
Posts: 7581
Joined: June 25th, 2012, 5:32 pm

Re: Education

Post: # 191352Unread post Gary Oak »

The west’s institutes of higher learning have decided that Isaac Newton is too white to be taught about in school. Isn’t this noble of these ever so smart educated peoplekind. https://www.rt.com/op-ed/522248-cancell ... wton-woke/
User avatar
Renee
Elite Member
Elite Member
Posts: 5076
Joined: May 7th, 2013, 10:05 am

Re: Education

Post: # 191360Unread post Renee »

Gary Oak wrote: April 28th, 2021, 10:50 pm The west’s institutes of higher learning have decided that Isaac Newton is too white to be taught about in school. Isn’t this noble of these ever so smart educated peoplekind. https://www.rt.com/op-ed/522248-cancell ... wton-woke/
Pure insanity and any person going along with this ignorant, anti-knowledge, anti-european cultural history, horseshit should be gassed along with their entire family and social circle...We cannot have people this stupid breeding unchecked. It will lead to a complete western societal collapse which is currently exactly where we are headed.
“A man’s rights rest in three boxes. The ballot-box, the jury-box, and the cartridge-box.”....Frederick Douglas
User avatar
Gary Oak
VIP Member
VIP Member
Posts: 7581
Joined: June 25th, 2012, 5:32 pm

Re: Education

Post: # 191373Unread post Gary Oak »

These people who want to cancel white history and culture don’t want to live anywhere but in a white country.

Quick Reply


This question is a means of preventing automated form submissions by spambots.
   
Post Reply