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Student Debt Soaring - Get Ready, Taxpayers

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"The number of student loans held by subprime borrowers is growing, and more of those loans are souring, the latest signs that a weak job market and rising debt loads are squeezing recent graduates. In all, 33% of all subprime student loans in repayment were 90 days or more past due in March 2012, up from 24% in 2007, according to a Wednesday report by TransUnion LLC."* Risky student debt is beginning to soar- with over half in deferment. This is more than the students' problem...this is a taxpayer problem, and its only getting larger. David Sirota (Salon.com) and John Iadaola (TYT University) discuss. *Read more from Wall Street Journal: http://online.wsj.com/article/SB10001424127887323701904578273711404133732.html?mod=googlenews_wsj Support The Young Turks by Subscribing http://bit.ly/TYTonYouTube Like Us on Facebook: Follow Us on Twitter: http://bit.ly/OkX87X Buy TYT Merch: http://theyoungturks.spreadshirt.com/
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Текстовые комментарии (789)
Paul Prejean (2 года назад)
Federal Payment Levy Program. 15% Levy to Social Security checks monthly. Retirement accounts, life insurance and burial insurance payouts will be levied. It'll get paid back.
Ceraphinus (4 года назад)
Gotta love it!!
louie rodriguez (4 года назад)
The mere concept of "enjoy now and pay later" is so alien to me which fascinates me. At the same time it is both comedic and frustrating. The problem is so simple and yet people try to make it sound complicated. I commend you sir for spotting the problem in its true nature of "living beyond one's means" People then suddenly blame the bank, the bank, the government or some institution but really they should blame themselves.
SKYRULE-49 (4 года назад)
I MADE MY LIFE EASY. I'M SINGLE, CHILDLESS, M.G.T.O.W., NO CAR, NO DEGREE, LIVE IN A CITY, 2 MILES AWAY FROM WORK, NEAR THE SUBWAY, MAKING A $30,000 SALARY WORK AT A LOW STRESS CORPORATE JOB. I PLAY VIDEO GAMES, GO OUT, AND TRAVEL. AND I'M HAPPY AND CONTENT. WHILE PPL WITH MASTER DEGREES ARE OVERWORKED WITH A COLLEGE LOAN AND MORTGAGE, PLUS A FAMILY TO SUPPORT. I MAY SOUND SELFISH BUT THIS SOCIETY MADE ME THIS WAY. AMERICAN DREAM IS DEAD. I'M NOW MAN GOING HIS OWN WAY. ;)
Bruce R. (4 года назад)
This is why i worked for 2 years before i started college/vocational school
aj19bcx (5 лет назад)
since the average graduate makes more than the average taxpayer, a bailout would shift the burden from those with more money to those with less. we need to make student loans dischargeable in bankruptcy and stop backing them, then the banks will ask a philosophy or women's studies major how many burgers they will have to flip to pay back the loan before just handing out debt.
redkard1979 (5 лет назад)
or medical fields
Frank Stein (5 лет назад)
calling you a hater because you called me a "a rich boy" and no there is nothing i am not telling. I worked in college and paid my tuition with it I also made money other ways like investing.
cool_21gamer (5 лет назад)
Me a hater? I am attending a cc because I didnt want to take out any loans but it is hard to believe you made it all alone sounds finish there is something you arent telling the public.
Frank Stein (5 лет назад)
haters a gonna hate Yes it is called being smart like getting transferable gen ed credits at a low cost college and then going over to your planned college.
cool_21gamer (5 лет назад)
You must be a rich boy. What are you going to tell us now that your parents had nothing to do with your tuition? Please...
RaidenvsSnake (5 лет назад)
the government have always been there, but i agree that that innovation and growth have to come from the private sector. Bankers are not the problem, people are! i see people without a job having 2 cars and a big house, something's very wrong, when that is possible! We need to regulate banks, so that financial crisis does not occur again. I personally have no debt, and anybody with a brain, would never take debt, that he knows he cant pay back! just take some extra work(is possible in europe)
xTriad (5 лет назад)
Sucks for you.
waltermh111 (5 лет назад)
One from me is enough to counter an insult that work is all it takes. I dont have to prove anything except that life isnt as simple as you make it out to be. I am not even arguing with your second point where the gov is involved, I dont think I disagree. But from my view the discussion was about the idea that working through college is always possible or will solve all your problems, at least without gov help.
Frank Stein (5 лет назад)
you make the claim of data set of one while you did the same thing. Whatever my circumstances it is irrelevant because the government should only take into account the cost of living and tuition as it already does(not to say it should pay for it all) and it controls for poverty with need grants. Whatever woes the individual faces are irrelevant to the overall equation.
waltermh111 (5 лет назад)
yes, it does suck for many of us, we cant ride a bus and bike for our job. Its literally impossible The moving is rellevent as the point is that life is unpredictable and not set for everybody. Your anecdote is not relevent to the reality of others by itself. Its only one piece of a data set As for government help, yeah, its behind on alot of things. Minimum wage has also stagnated while inflation has kept moving up steadily, prices rise Business sure doesnt care about citizens living standards
Frank Stein (5 лет назад)
Wait you drove I rode the bus and my bike. AS for moving that isn't an expense to be brought up for schooling. Schooling expenses by the government should be brought up as the Cost of living+average cost of tution nation wide not school - 10k a year assuming a job. The remanding amount should be subides in half loans and half grants maybe i will meet halfway and say half your your debt becomes grants when you graduate but when I did the math for 10 areas that amount came out to be around 24k
waltermh111 (5 лет назад)
So my point is its insult to say you got a job like other people didnt, etc.... You dont know other peoples lives. I was one that lived cheap in every way making 16-18k pre-tax and was able to put money in the bank because of it, kept having life suck it dry once in awhile, pissed me off alot. $1300 transmission repair one year, I had to drive alot, tired get expensive every 2-3 years. Hurricane hit, I moved but lost alot of money in that, company bought out, lost job for 2 months, etc...
waltermh111 (5 лет назад)
But again, the real issue is getting a job that pays 24k that also gives the right hours, and getting a job and keeping it in general, which is hard to do with how many companies lay off before benefits kick in. I have seen it enough. My job is full of people that come from companies that downsized, replaced with cheaper labor, bought out their company, etc... It was a garbage part time job but you never lose it unless your really bad at it, and no benefits. Your lucky to make 24k a year, period
waltermh111 (5 лет назад)
I guess in your area, but I am from the south and lived in 2 college towns and that definitely was not the case with any of the college people I knew. One guy bought a new computer with his grant that was very powerful, but it wasnt a loan and thats all he bought even though I think it was something he should have bought less powerful, but then at least a computer is a good investment, unlike phones and expensive vacations. He didnt take vacations, and he studied hard. We all drove used too lol
Frank Stein (5 лет назад)
The living index is 24k from the school which is what he was probably using but I found ways to cut my cost like low quailty food, living with friends, and being cheap in general. A lot of these guys I saw going into debt had bought the latest macbook pro with rential display and the latest iphone. I am not saying that all people in debt in college are like this but the majority i met were going into debt because they took loans and bought expense cars and took vacations with it.
RaidenvsSnake (5 лет назад)
tell me where do you have these numbers from? and you know you have a problem, when you drive a big SUV and have a house, but not job..(unless your last name is gates) and is it hard finding a job? the government need to stimulate growth in innovation and job creation.
Ptah Adam (5 лет назад)
WE'RE DOOMED, DOOMED
issagc (5 лет назад)
If there is one thing Obama will not do is help these indebted students. I'll probabaly have a little over 40k in loans by the time I graduate this spring. He won't help us out because he said out loud that he finished paying off his loans when he was still a Federal Senator.
zyphoid666 (5 лет назад)
Armchair economics experts. Armchair economics experts everywhere.
zyphoid666 (5 лет назад)
Car washes, Wendy's, telemarketing, bar tending...
kcin228 (5 лет назад)
Right now I'm expected to pay over $1,000 a month just in student loans. I received a parent plus loan through Sallie Mae. Meaning a parent co-signed with me and took on half the loan costs. So they are making payments to sallie mae as well as I am. Then sallie sold some of the loans to the department of education. So now I'm expected to pay 2 sallie mae loans and 2 department of education loans every month. I originally borrowed 59K but with interest rates I now owe almost 100k.
waltermh111 (5 лет назад)
You were lucky if without a degree you had job that paid 24k+ per year after-tax You were lucky to have a job paying that much which also gave you the hours necessary to study and complete college in 4 years. Maybe you are a genius, prodigy, whatever, but not everybody can even learn as quickly as you might be able to, genetics does play a role This is assuming your even being honest, because statistically your in a very rare situation Plenty of people work through college and still have debt
Kelly K (5 лет назад)
no problem :) if you ever decide to take the leap of faith, give me a shout. i will give you the contact of the guys in charge of orientating new people such as yourself. your rent is free, your utilities are about 300-600 RMB ($50-$100) and you make about 8500 RMB per month. if you go through the training option like i did, they take off 1500 RMB for 6 months, then the sky is the limit. if you enjoy what you do, you can make a lot more money tutoring kids on the side (a lot of us do)
TheGeckoNinja (5 лет назад)
but in the end you dont need college to learn art or to get better, with the internet there are tutorials all over the place to improve your skills, hell everyone i learned about photoshop was from looking up tutorials on deviantart or youtube, same for flash animation, learning art in school now is a big waist of money when you have the internet
TheGeckoNinja (5 лет назад)
i cant understand programming to save my life, im more on the artistic side hence why i studied all the art medias from 2D to 3D animation. it does help to have a degree, but its not fully neccissary game companies will hire you as long as you can do the work really well, for artists its a really good portfolio with great art skills, another is if you made your own games that helps a lot cause it shows you know the process and can do the work, which is what im currently doing.
AB11533 (5 лет назад)
25k? Nonsense. Tuition (not including living expenses) for my wife's medical school cost $50k+ PER YEAR. We basically have a mortgage payment, but no house. And doctors don't make what they used to.
Frank Stein (5 лет назад)
Also 3.85 GPA
Frank Stein (5 лет назад)
well good job including living expenses. Mine was 24k per year(not making that up) and I graduated in 4 years. I graduated with no debt and I had no scholarships. I did this thing called working.
xTriad (5 лет назад)
You'll most likely get an IT related job which is different in the fact that you probably won't be coding or designing applications, but helping people with technical issues or solving technical issues at a company.
deathByStupid (5 лет назад)
Right we do need people like person B and person B can make their own decision with say a government low interest loan which they eventually repay from their earnings. You can cap this at say 5-10% of earning so as to allow the person to lead a comfy life. But that doesn't mean giving person B free uni. Not when so many people are doing bullshit degrees that lead to no job. If people want to do that they should risk their own money. Not everyone else's,
LadyAmaltheaUnicorn (5 лет назад)
You know, you have a point with the public school system. It's incredibly sad that only the wealthy can have access to a proper education, or else suffer the consequences of not being able to pay off an enormous debt. I still don't see why a B.A. is an, all around, requirement. Coming from an "soft" autodidact, I'm of the view that if someone truly wants the intellectual benefits of a B.A., they can access it on their own. Degrees, in my case, have just been a costly necessity for employment
Zeikxx (5 лет назад)
Imagine if all of the money spent in the middle east on war were spent to help students and education.
D (5 лет назад)
Thanks, I'll look into that. :] I've been interested in spending at least a few years in China since I started learning Mandarin.
suracs (5 лет назад)
I don't know much about US economics, but to me it seems that the problem is massive student loans being racked up and an issue with job availability and pay. I guess we're lucky here in Australia where university education is heavily subsidised by the government and job availability and wages are good.
Kelly K (5 лет назад)
I'm teaching English as a second language (ESL) in Guangzhou. There's always room for more if you're interested. All you need is at least a high school graduation, and $200 to start up a training course if you have no experience. (like me) It's a large company with tons of foreigners here from USA, Canada, Australia, etc. It's called CIEO. (Canadian International Education Organization) Check it out if you're looking for something to do :)
Joseph Fernando (5 лет назад)
Nah (dont know what ACTs are, but) HECs system is essentially where the government pays for your university education and when you finish your degree and get a job (that pays around $40,000 AUD for us) your employer pays some of your income to the government through a bit of extra tax. it means that we pay off our degree much faster and more efficiently that Americans do, even with interest. If you think about it, it's basically the system described in the video except better for the economy.
Georgiapeach770 (5 лет назад)
That's laughable. One year at my school with living expenses included is about 22 grand...now add three more years to that IF you bust your butt. Most people graduate in at least 5 years. On top of that my school is considered cheap for a major state university.
shredder767 (5 лет назад)
This may lead to one good thing. There may be less students going into useless fields like the humanities...
Lance Boil (5 лет назад)
The banks are also defrauding the Fed. I paid off my student loan and yet a few years later recieved a call from my dad (the co-signer) telling me he had received a letter from the Fed that I had not paid off the loan and was now in default. The next day, I took my paperwork down to the local B of A and made them correct it. How many other time have banks defrauded the student loan system?
ccricers (5 лет назад)
I see... I was too poor to do any of that traveling stuff in college. Seems like the main focus is on the yuppies that live off the parents cash, but in Europe the payment system for college sounds a lot more lenient.
Mick Logos (5 лет назад)
No, I'm saying that in capitalism, it's only free markets for those that can afford to be above the law. karl marx invented the term. Sorry, I don't think the Adam Smith model is anything but a secondary theory to Marx's definition of capitalistic systems. More so, Adam Smith did not have half the genius of Marx..after all, Smith was a philosopher that analyzed mercantilism. While everyone was doped up on mercantilism, Marx called a spade a spade. There are no "free markets" in capitalism.
LadyAmaltheaUnicorn (5 лет назад)
If that is the case, wouldn't it be better to have elective extended highschool grades for pre-university? At least than it would be free. Which is sort of my point; I don't understand the concept of paying for extended highschool
sean (5 лет назад)
These two and cenk are a political power house
deathByStupid (5 лет назад)
Right so it a grant. Who takes more then 10 years to do their studies? When you say under "certain conditions" you actually mean almost all the time. The poor guy doesn't get the same grant because the poor guy had to get a job, cos he needed money, and his parents were pushing for him to get a job. Yet when the poor guy gets a job, he has to indirectly pay via taxes for rich kids who all go to university. As for it being a "right", you can guarantee loans without giving anything for free.
D (5 лет назад)
You are listening through your ass. It is a loan in all cases, and under a certain condition, the initial four years become a grant. This is the case for all forms of education after high school, not just university. The poor guy and the lower educated guy gets the same grant as the med school guy. The magical thing is, you can even be poor and send your children to university, and it won't kill you financially. Education is not an elite privilege for us, it's a right.
deathByStupid (5 лет назад)
I don't know what to make of your comment, seems like you didn't read the whole discussion just the last comment.
deathByStupid (5 лет назад)
Well it is a government grant, therefore the poor guy paying tax is subsidising the rich sending their kids to university. The fact that it becomes a loan in some cases is irrelevant.
deathByStupid (5 лет назад)
No, I don't I mean that between the ages of about 18 and 28 they float around and do random shit. South american is just a dumb example.
deathByStupid (5 лет назад)
It's not as if the current government fucked it up, it's a result of successive government with poor decision making and policies. But the results speak for themselves, you have one of the most expensive public school systems, your cost per student is higher then some socialist countries (eg. Germany, Canada) yet the results are worse and these countries kick your ass in rankings.
deathByStupid (5 лет назад)
I think you missed my point I was being sarcastic (hence the violin playing), eventually his student loan will be paid of, slowly but steadily his salary will increase as he becomes more senior and eventually when his loan is paid he will be free and clear with a high salary. Meanwhile the guy who went to work for Walmart earns enough to cover food and board. I would still take the student loan (in fact I have a student loan).
webnovice2012 (5 лет назад)
You're only half right on this issue. We can't discourage people from pursuing these technical fields. The progress of our society and economy depends on highly skilled professionals that can create new markets and explore different fields, but I agree that the cost of such education is way out of control and it's actually counterproductive to our progress.
Xenogene Gray (5 лет назад)
True, and it's suppose to only increase with CPI ... at least for now.
Frank Stein (5 лет назад)
I am a student and i say if you have a lot of debt over 25k it is your fault. Some of my classmates don't give two shits about the loan money they take i mean they take vacations with it. They fail their classes and don't give two shits about it and then not show up for any of their classes next semster. The government needs to impose two mandates on student loans which is 1. enough to cover tution+books+living expense 2. 3.0 gpa requirement not 2.0
Fukken Saved (5 лет назад)
The public school system does not give any education that translates into jobs. It only serves as a propaganda tool with a small amount of preparation for college. Then the students graduate and pay for college out of their own pocket and look what happens. Public school is a complete failure for my generation as well as the ones currently in it. We need less education and more WORK in this country. Get rid of summer break and have everyone do 6 years of vocational school by 16
JoJoFishFish (5 лет назад)
Did you read what you wrote before you posted it? There is no economic system in the world where person A would be responsible for paying off person B's loans. It's the wealthiest Americans who pay the majority of the taxes (as it should be) because they can afford it! People like Romney who say "Just borrow $20,000 from your parents and start a business" live in an alternate reality. Most Americans don't have this kind of money, so person A and person B are in the same boat in your scenario.
Walter Kurtz (5 лет назад)
"The government that completely fucked up the public school system." You sound like a god-damn "libertarian". You've built a strawman here: I suspect we agree on the economic duties of the state. If you like, we could argue technicalities of the reform process, but for now, stop wasting my time.
Guy (5 лет назад)
I know accountants that can't find jobs. This is why I wanna do something that I'm passionate about in my life, rather than going to school for something that "Everyone says will give you a secure job" and then not finding a job, and hating it.
Outermainstream (5 лет назад)
Edit Name of video should state: Student Debt Soaring - Get Ready Middle Class. Student debt rising because 1. Banks took advantage of the poor. 2. Students don't finish schooling on time. More time in school = more money to borrow. 3. Failing job market. 4. Students getting degrees in useless majors.(poetry?) 5. Students with "good" degrees don't take full advantage of their potential and are complacent with working at Starbucks.
Kittensinabox (5 лет назад)
Fantastic insights on this video, John! That car payment closing comment was awesome - a great real-world issue that easily connects the abstract economic consequences of debt with the concrete buying or not buying a car :)
JRMCNEA (5 лет назад)
Sorry. I live in the U.S. And the job market is currently upside down.
D (5 лет назад)
Sounds pretty great. Mind if I ask what it is you're doing in China?
ThatIMayServe (5 лет назад)
Welcome to the education bubble. Are we really surprised that the federal government that allowed the banks to give mortgage loans to people that they knew couldn't afford to pay are giving student loans to kids, knowing that they can't pay them back either. It's either give the banks the freedom to handle student loans again (with actual monitoring this time) or start requiring students that are receiving a loan to have "real" degrees.
ccricers (5 лет назад)
When you say going to South America, are you talking about a work-study trip paid for by the college?
D (5 лет назад)
Student subsidies are not indiscriminate and indefinite handouts here in Europe like you make them out to be. Speaking for the Netherlands: Under the condition that a student completes their studies within ten years, their first four years of loans will be converted to a grant, anything after that period remains a loan. The amount of money a student may receive is also dependent on family income and need. We're not being shafted like American students, but that doesn't make us spoiled.
y0nd3r (5 лет назад)
So your point is what, that you can go to those colleges free or very cheaply? Yale?
Ragnar Danneskjöld (5 лет назад)
Oh wow... You are pretty clueless man. In a free market the normal trend is for quality to go up and prices go down. You only get the opposite when you get government involved. The quality of healthcare is going down, but the price is going up. The quality of public education is going down, and the price is going up. The quality of the iphone is going UP, and the price is going down. You need to read about basic economics because you clearly have no fucking idea what you are saying.
Ragnar Danneskjöld (5 лет назад)
I am not a tea partier, first of all, and I am not in favor of bailing out the banks or giving more money to the military to grow it even more. I am against those things too. The problem is that I am more consistent than you are and you dont like that. I am against ALL GOVERNMENT HANDOUTS. Whether its the military industrial complex, college students, businesses big or small etc. You are biased towards *some* government handouts. Republicans are too. You are no better than they are.
Ragnar Danneskjöld (5 лет назад)
You clearly do not understand my rhethoric then because I am not in favor of government taking money from anyone to give it to anyone else. I am in favor of people keeping the money they earn. That includes NOT giving money to businesses.... So yea, we should stop giving money to people who want to go to college and cant afford it and businesses that ask for handouts too.
Melpheos1er (5 лет назад)
Well i agree yet it's probably better to start with the real constitutional breach that really hurts the country such as the obliteration on the 4th amendment than saying that the government has no say in education.
2jzdashgte (5 лет назад)
It's an issue.
Has1b (5 лет назад)
No idea what you're talking about, but I'm in Canada and the minimum is 10.25. Second of all all of the fields that I mentioned are booming. For the trades getting an entry level position is a little harder but if you put in the work and show up for the experience the first 3-4 years (which is what you'd be spending studying in college/uni), you'll have many companies wanting your skills with good salaries. As far as software design/eng. technologies, with a masters you're set from the start.
olivia destandau (5 лет назад)
Join Strike Debt!
Sean Co (5 лет назад)
If you knew how much a bricklayer actually made, you'd never say that. You fail at life because you think everyone should go to college, regardless of their calling in life. There are plenty of smart people in trades, many of them smarter than you.
Henbot (5 лет назад)
UK got pretty ridiculous priced tuition fees and was raised by the tories, Europe seems more responsible. What is even more annoying is that a lot of the tories got to go to university when it was still free and they whine about it being too cheap LOL
deathByStupid (5 лет назад)
Hmm let me think if I can think of a few, not sure if you have heard of these. 1) MIT 2) Harvard 3) Yale 4) University of Chicago 5) Princeton University Boom. How you like dem apples?
Melpheos1er (5 лет назад)
There is a shitload of thing the US Constitution does not says. The US constitutions does not talk about the NASA neither, nor public fundamental research. The air force is not as well (only army and navy). Also there is no paper money in the constitution nor political parties. You dont even have the right to travel. It's not in the Constitution. Your argument is somewhat ridiculous.
Marthe Endresen (5 лет назад)
In Norway it is. More or less anyways, more countries should have a system similar to ours. If not free, then at least cheaper
y0nd3r (5 лет назад)
List of the non-profit colleges please. Make sure they are accredited. thx.
silvafox07 (5 лет назад)
if school was free and you're a brick layer you failed in life lol
deathByStupid (5 лет назад)
I think the most legitimate system is you get what you pay for. The governments job is to provide low cost, interest free (or just indexed to inflation etc.) loans, it make sense for me that if the US government will dish out interest free trillion dollar loans to save foreign banks they should do so for their own students. Once you work you pay off the loan progressively at say 5-10% of total income depending on salary. You learn. You pay. You pay what you can afford. Everyone wins.
deathByStupid (5 лет назад)
My example wasn't really based on Financial Aid/Credit Hours system. It was based on the European laissez faire system of going to college for a few years, take a gap year and going to south america, then go back to uni and finish your masters on the back of the tax payer while saying, it's free I don't have to worry about anything. Well yeah it's fair cos your parents are middle class and throw you a couple shekels every now and then. If your poor, 18 and have to work it doesnt seem that fair
Serpent@Eden (5 лет назад)
True, in most countries there is, usually because children follow their parents' example - a bricklayers child is less likely to take a higher education. In Germany, every student has the right to a certain amount of funding, payed by the parents, or the state, if the parents can't afford it. In Denmark, every student gets the same funding from the state regardless of the parents income. You will never erase the advantages that having rich parents bring, but chances are at least nominally equal.
deathByStupid (5 лет назад)
The US have the widest variety of colleges in the world from cheap to expensive, small, big, grand, many of the colleges are non-profit so you whole "greed is harmless" bit is a bit perplexing. You have one of the worst public school systems in any 1st world country. One that has terrible results yet cost massive amount of money. Yet you want the government that completely fucked up the public school system to take over the college system. Wow. Just Wow.
ccricers (5 лет назад)
Well, I don't disagree with that. If you are lingering too much in uni, you should get your aid and scholarships cut off because you are becoming a burden on school resources. Financial aid already sets a limit on credit hours, but I'm sure scholarships have their own rules set by who is giving them.
darkelf456 (5 лет назад)
I'm graduating with a degree in philosophy, which I plan to corroborate with one of the following: a PhD; a master's degree in technical writing; a master's degree in library science; law school. Philosophy majors have also gone on to do social work for nonprofit organizations, and are often hired as counselors and mediators. So, while you might think it's useless, don't tell someone with a passion for it to eschew it for that number-crunching, capital-obsessed business world.
deathByStupid (5 лет назад)
Sure. If person A gets a job that pays $35K a year and person B gets a job that pays $35K after $60K of college debt then person A has some reason to smile. But I never argued what was better A or B. I simply argued that if person B decided they should go to college, there is no valid reason to take half of person A's earnings to subsidise person B. You punish the poor who are forced to work younger, while spoiling the rich who might just stay in uni a few more years than they need to.
Yazzer Fly (5 лет назад)
story of my life.
ccricers (5 лет назад)
I think in hindsight, higher education would be a ripoff if you go to it just for the money, as there are many blue-collar/trade jobs that have higher wages starting out than white-collar jobs.
ccricers (5 лет назад)
I can't defend liberal arts, but as someone with a BFA, I can tell you why most fine arts degrees are considered useless. Most of the success of artists in recent (post 17th century history) has been in the connections with the right people, and the pitch of their products. So the core of many fine artists is business. As essentially they are self-employed, they have to find their own clients and commissions. Many Fine Arts programs overlook the business aspect and it's really needed to prosper.
tph2010 (5 лет назад)
What makes them useless?
Kelly K (5 лет назад)
im still glad i never paid massive chunks of money for a useless worthless document. im in china making a killing and living like a king
joe banana (5 лет назад)
Yeah, waste your life on college, graduate with a huge debt and no job. Jobs have been driven out of the country by the government, and aren't coming back.
willpass64 (5 лет назад)
It is. Join the military and you get it free with cash on top of that.
deathByStupid (5 лет назад)
Except the bricklayer started working when he was 18 and didn't go to college, but he has to subside every professional in his country that earns more then him, from 18 until he retired. Every country I have worked in (doesn't include Finland), in Europe has college inequality based on social background, which tells me one thing, guaranteed loans are good, student allowance is good, paying for free education for the elite just so they can fuck around in college for 10 years is stupid.

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