Friday, May 24, 2013

And this double edged story was news to who(m)?

Consider this: You have just paid about three times as much for your degree as did someone graduating 30 years ago. That’s in constant dollars — in other words, after accounting for inflation. There is no evidence that you have received a degree three times as good. Some would wonder if you have received a degree even one times as good. 


According to the College Board, in 1983 a typical private American university managed to provide a bachelor’s-degree-level education to young people just like you for $11,000 a year in tuition and fees. That’s in 2012 dollars. 


Instead, those of you at private colleges paid this year an average of $29,000.

And back then a public college charged in-state students just $2,200 a year in tuition and fees — in today’s dollars. You could get a full four-year degree for $8,800. Today that will get you one year’s tuition, or $8,700. 


Notice, please, we are not even counting the cost of all the “extras,” like room and board. This is just the cost of the teaching. 

It is, as a result, no surprise that total student loans are now approaching $1 trillion. They have easily overtaken credit-card debts and car loans. According to the Federal Reserve Bank of New York, total student loans have basically tripled since 2004.
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OK, to start with, let me say, I wasn't impressed with college grads 30 years ago. [that would be 1983 for those of you WITH a non-engineering degree achieved over the last 40 years]  So my laughing uproariously at ANYONE who is in debt tens of thousands, if not hundreds of thousands, of dollars for a degree that isn't going to get a job, doesn't mean I'm cruel.  It simply means I can, with my high school drop out math skills and one year of 10th Grade "Consumer Math", figure out just how long, or how much per month, you'll be paying on student loans, while scrambling to get out of mom and dad's basement!

Screw a new car or an apartment, that stuff is for 40 year olds, who are Managers at McD's or Supervisors at Wal-Mart.  And getting married is a death sentence.  All that get's you is someone else's debt AND they won't like your friends or your mother!!

Worse still in my mind, is the fact that these people have 'won' trophies for just showing up since they were 4 or 5 in many cases.  They've fawned over and kissed the butts of Leftist teachers, Leftist professors and listened to and believed the Leftist utterances of actors and musicians since they were 12 or 13.  But the whole thing was a Ponzi Scheme, based on lies, built inside a house of cards.  When they finally get fed up, we'll most likely have a SHTF, TEOTWAWKI, Zombie Apocalypse melt down.

The question to me, is will they go after US, because they'll believe the actors, teachers, musicians and actors one more time?  Or will they backlash against those who fed them a line of crap for more than half their lives?

Either way, it won't be pretty.
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Schteveo

17 comments:

EbbaNiggah Jones said...

hung own a fukkin sekkunt wile I toke up a blunt.

Der now mofo, I gotz mah eddkashun fo free, gots a free car, munny unner de tabba, fine white beetches to fuck an slap da fuk outta an awl I gotsta due id pray sum basskitbawl. Gots me my deeplomma rite hea holdin my blunt togetta

Anonymous said...
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Bill Owes Nothing (yet) said...

Since we are currently looking at 4 year colleges, I can tell you the tuition costs per year are much higher than what your numbers indicate. Most of the better colleges now start from about 50K a year. The estimated cost of sending someone to MIT for a year with basic tuition, room and board is currently 87K.

Anonymous said...

Beer is extra

Anonymous said...

But de Free Kilnik shtill BeFree

Schteveo said...

Bill,
it's insane what it's going to cost! I simply do not understand how the parents can afford it. Or how the kids will EVER make enough to make the loans worth it.

IF right now, I still had HS aged kids, I'd suggest being a welder or a mechanic or a pipe fitter. If for no other reason than 80% of parents are suggesting that their little darling get a degree in business administration or English or [God forbid...] computer science. We're already overloaded with those people.

And there's already a need for folks to work with their hands. A thinking person would become a gunsmith.

Spider said...

You're right Bill. Personally, i'm not a big believer in college unless it's for a specific purpose such as medicine or law. It's a whole lot of money just to send the kids off to get high and get laid.

My grandson's going off to college down in Maryland this summer. I told my daughter that IMO, it was a waste of money, especially since the unemployment offices are filled with young people using their degrees for toilet paper. But, grandparents have only so much say.

Until our society stops believing a college "education" (see: indoctrination) to be an "absolute must-have" in order to accomplish anything in life, nothing will change. Tuition's will keep going higher and higher with no one able to say exactly why. When i look around at all the people i know, and have dealt with, who have college educations, i'm quite glad i never went.

Cowpill said...

I work near Virginia Tech, for a bunch of educated people they sure are dumb.

blue said...

but today's students get free birth control.....

blue said...

a friends daughter just got a degree in "Church Studies" ....really.... she is working as a part time pool attendant for $8/hr.

Anonymous said...
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Anonymous said...
This comment has been removed by a blog administrator.
Schteveo said...

OK, who changed the Settings and took away the trashcans!

Now that idiot troll can pack the place with his drivel and we can't kill it. Good work.

Schteveo said...

HEY!! WTH?!??!

They're back!

Schteveo said...

Which means Anon Trolls shite is OUTTA HERE!!!!

Spider said...

I've been knocking a bunch of trolls out here too. TT3 is loaded with them. Apparently, we're not that important.

A. Levy said...

College?

http://www.washingtontimes.com/news/2013/may/29/weighing-the-cost-of-college/