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Continue to remind people that incomes have held stagnant with the rise of post secondary education – Meaning that the promise of higher incomes as a result of
by randomdata 6y ago
Continue to remind people that incomes have held stagnant with the rise of post secondary education – Meaning that the promise of higher incomes as a result of higher education from decades ago never materialized.
The vast majority of students are only taking on these loans because they have been lead to believe that their income will increase, more than offsetting the cost of the loan. But we know very well now that it doesn't play out in practice. As we educate away those flawed ideas from history, those with profit motive will be scared away, leaving those who are there for education's sake. When only they are left, costs will start to align with what education is actually worth.
Then again, a diamond remains forever, so perhaps you cannot educate the educated.
- deleted 6y ago[deleted]
- sct202 6y agoIt is detrimental to an individual to decide to sit out the whole educational arms race of degrees and credentials. I agree it would be better overall if people didn't have to go thru it. But for a single person to decide to sit it out, they're shutting themselves out of a lot of high paying jobs that only recruit college graduates. You can be successful as a high school graduate, but it's a lot easier to get your foot in the door of a lot of places if you went to the hiring manager's favorite college.
- randomdata 6y agoIt is detrimental to an individual to have disabilities that prevent going to college. Those people will statistically earn less than, for lack of a better word, normal people. And normal people will earn less than the outliers on the other end of the spectrum. If you have the capability of graduating with top honours from Stanford, there is no benefit to actually doing it. It is beneficial to be born as the kind of person who can achieve that goal. There is no arms race, simply a misunderstanding of the data around the filtering that takes place with increasing levels of academic rigour. Those who fall down to that rigour also fall down to the rigours of the working world, statistically.
- imtringued 6y agoIf the degree is economically useful it will be easy to acquire.
- randomdata 6y agoAnd funded by investors seeking to capture the economic gains made from it. That students are resorting to having to take out loans to fund their hobby shows it is only that.