student loans

i pay for a lot of that stuff.
i'm against anything totally free.

[QUOTE=jcb;583551]Yet this is exactly what a whole generation of 18-year-olds was told by us boomers, and now we want to take them to the woodshed for listening to us.[/QUOTE]

Not "us" boomers........

I'm not a boomer....I"m a genX and I told folks to go get a job...........if you need a degree for that job, so be it. BUT Welders, framers, body workers, automotive workers, factory workers.......the don't need a degree.

I have a niece making 100k / year tig welding...........No DEGREE. her cousin has 120k in student loans, and teaches at IVY Tech making 22k.

Yep...........YOU TELL ME what is better.

Later,

Geo

[QUOTE=GeoFisher;583563]Not "us" boomers........

I'm not a boomer....I"m a genX and I told folks to go get a job...........if you need a degree for that job, so be it. BUT Welders, framers, body workers, automotive workers, factory workers.......the don't need a degree.

I have a niece making 100k / year tig welding...........No DEGREE. her cousin has 120k in student loans, and teaches at IVY Tech making 22k.

Yep...........YOU TELL ME what is better.

Later,

Geo[/QUOTE]

I agree 100% - not referring to anyone in particular. But yeah, it was us boomers who created the idea that kids couldn't be successful without college. That was never true, but at least back in the day if you had a college degree and even a modest desire to work you would be okay. But that degree ain't what it used to be.

The feds took over the student loan system and anyone with a pulse could get one (because American dream, right?). So now with an unlimited supply of $$$, colleges jacked up tuition to pay for the constant renovations/upgrades necessary to compete in the new market. Never really interested in really educating students/preparing them for life, entire new departments and curriculums were created to appeal to the youngsters. Shout out to all the unemployed out there with a Gender Studies degree.

[QUOTE=jcb;583564]I agree 100% - not referring to anyone in particular. But yeah, it was us boomers who created the idea that kids couldn't be successful without college. That was never true, but at least back in the day if you had a college degree and even a modest desire to work you would be okay. But that degree ain't what it used to be.

The feds took over the student loan system and anyone with a pulse could get one (because American dream, right?). So now with an unlimited supply of $$$, colleges jacked up tuition to pay for the constant renovations/upgrades necessary to compete in the new market. Never really interested in really educating students/preparing them for life, entire new departments and curriculums were created to appeal to the youngsters. Shout out to all the unemployed out there with a Gender Studies degree.[/QUOTE]

The go get a degree PERIOD really started getting pushed in 2000 or so..........Which is why we generated an entire financial organization and structure around Student Loans, and the servicing......Ask me about that sometime. I started out in a company writing programs that "targeted" people for Stafford Student Loans........

And then we gave loans for anyone that "qualified", and those qualifications were extremely low.........

Ask me how many folks bought motorcycles, cars, paid rent, shot dope........with that money. The numbers were pretty high..........as much as 40% of that money. And about 60% of a particular demographic defaulted on the loan.

And let's not talk about the fly by night "schools" that were created to generate Maximum Debt / Student. They all went belly up, went bankrupt, and left "students" with debt they CAN NEVER get out of.....Federally managed.

Lots of ugly **** in the Student Loan business.

Last Point.........Gubment has been involved since Savings and Loan crash....Maybe earlier. I started in IT at a company in 1986. LARGE/GIGANTIC company in Indianapolis. I wrote the default modules for this company. Or I should say I wrote a lot of them......

The GUBMENT was already pushing these loans, and private companies were already creating markets to SCREW AMERICANS. I admit that was not a very good business...That business I believe, still exists, and exists in Indianapolis.


UGLY.

later,

Geo

[quote=dragmerc;583503]excuse me...not dumb, just financially ignorant.
I went through 5 years of college with 2 majors while working 30 hours a week so i know a little about it.
And i didn't take a dime of free money.
My $8/hr dad and my $1.60/hr self paid for it all.
Lazy freeloaders make me sick.[/quote]

a college graduate makes much more money that a high school drop out.

[QUOTE=jcb;583564]I agree 100% - not referring to anyone in particular. But yeah, it was us boomers who created the idea that kids couldn't be successful without college. That was never true, but at least back in the day if you had a college degree and even a modest desire to work you would be okay. But that degree ain't what it used to be.

The feds took over the student loan system and anyone with a pulse could get one (because American dream, right?). So now with an unlimited supply of $$$, colleges jacked up tuition to pay for the constant renovations/upgrades necessary to compete in the new market. Never really interested in really educating students/preparing them for life, entire new departments and curriculums were created to appeal to the youngsters. Shout out to all the unemployed out there with a Gender Studies degree.[/QUOTE]

It depends on what you major in. A degree in History or Engineering. A degree in Business or a degree in home ec does make a huge difference in the type of jobs you get and the amount of money you make.

[QUOTE=jcb;583564] Shout out to all the unemployed out there with a Gender Studies degree.[/QUOTE]

Well then I should right now be awarded a doctorate degree in gender because of all the extracurricular after glass unrecognized research and study I did after normal class ended each day in the strip joints in Philly Pa. I spent years if extra gender study looking at the gender issue from all different positions..... no, I meant perspectives. I spent lots of time and money involved in in-depth investigation of how gender in these instances impacted entertainment, alcohol sales, motel occupation, rates and effective birth and disease control impacts. So where is my DR. Degree? I earned it and paid all tuitions those studies costed me 😂😂😂

[QUOTE=Moveon;583568]a college graduate makes much more money that a high school drop out.[/QUOTE]

Never mind.........not worth the argument.

I know LOTS of high school graduates that out perform college graduates......

[QUOTE=GeoFisher;583574]Never mind.........not worth the argument.

I know LOTS of high school graduates that out perform college graduates......[/QUOTE]

And I can guarantee you I know enough people with college degrees that make a **** ton more money than your high school graduates. a **** ton

but to your point, a degree doesn't guarantee you anything

[QUOTE=ZoraSpook;583513]I refer to them as educated idiots. And to be fair, I have seen some incredible young people with amazing talents. I strongly agree their is a difference between the theory one learns in scholl and the practice that occurs in todadys society and business.[/QUOTE]

That phase is something high school dropouts say about college graduates because they are jealous of them.

[QUOTE=ZoraSpook;583570]Well then I should right now be awarded a doctorate degree in gender because of all the extracurricular after glass unrecognized research and study I did after normal class ended each day in the strip joints in Philly Pa. I spent years if extra gender study looking at the gender issue from all different positions..... no, I meant perspectives. I spent lots of time and money involved in in-depth investigation of how gender in these instances impacted entertainment, alcohol sales, motel occupation, rates and effective birth and disease control impacts. So where is my DR. Degree? I earned it and paid all tuitions those studies costed me [/QUOTE]

Yale and see what they have to say about your idea? Don't hold your breath.