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Quick back of the envelope calculation ($1300/month * 12 months/year * 12 years = $187,200) shows part of the problem - either college should not be necessary (
by ohithereyou 8y ago
Quick back of the envelope calculation ($1300/month * 12 months/year * 12 years = $187,200) shows part of the problem - either college should not be necessary (we need a programmer's guild) or the cost of college is way too high.
- wonderwonder 8y agoI agree its way to high, at least programmers can hope for a well paying job eventually though. Imagine teachers or something similar. They get a degree to do something that society has a hard time going without (going to work is hard if I have no one to watch my kids) and then get a low salary and are told that they are being greedy and disruptive for going on strike to get raises. We are also told from a young age that going to college is a requirement for getting a good job, perpetuating the cycle. Higher education has a great PR department.
- walshemj 8y agoguild ? you know that historically they where set up to restrict access
- imtringued 8y agoThis is unsustainable for older people. By the time someone in their 50s, who has lost their job, finishes their degree and repays their student loans they'll have reached retirement age and barely broke even. If in those 12 years anything unforeseen happens (lose your job, job doesnt pay as well as expected, etc) they'll have to retire with debt and be forced to work until they die just to pay off the student loan.