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This is absolutely brutal... given that many Americans I know have come out after 4 years (NB: it's standard 3 here in UK) with a degree in God–knows–what, with
by josscrowcroft 14y ago
This is absolutely brutal... given that many Americans I know have come out after 4 years (NB: it's standard 3 here in UK) with a degree in God–knows–what, with no idea what to do or where to go, and have ended up effectively retraining as soon as they start their first (often degree–unrelated) job.
This may not apply for e.g. doctors, lawyers, and such – but I'm convinced a University–grade education can be had for far less (though a large investment still required) outside of the for–profit institutions.
I'm just waiting for someone to come along and prove it... and for society to accept it (which would close the pay gap).
- arethuza 14y agoNitpick: Four year degrees are actually the standard in Scotland.
- maxerickson 14y agoMost degrees in the U.S. are earned at public universities and colleges. Those are not for profit institutions. From the pdf, a majority of borrowers owe less than $25,000. Less than 15% of borrowers owe more than $50,000. I'm sure that the larger debts skew towards younger people that have not made very many payments, but those numbers hardly paint the picture of a crisis. There's "only" about 6 million people with enormous debts.