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re: Here's a life lesson: Don't enroll into an online masters program at USC for $200K
Posted on 12/31/22 at 9:23 am to Steadyhands
Posted on 12/31/22 at 9:23 am to Steadyhands
Agreed. But blame the US government for securing all of these terrible loans. The cost of college didn’t explode until the government essentially backed any and every loan at any cost. If you are a business and you have a client that will pay whatever you charge why wouldn’t you charge a huge amount?
Get the government out of loans and you will see the cost colleges cut cost immediately. Private lenders aren’t going to give $200k loans for useless degrees that won’t produce a ROI
Get the government out of loans and you will see the cost colleges cut cost immediately. Private lenders aren’t going to give $200k loans for useless degrees that won’t produce a ROI
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Posted on 12/31/22 at 9:28 am to whiskey over ice
quote:
obviously the solution is to pay community mental-health therapists $350k a year
That’s actually not a bad idea
the last decade has kind of proved their worth Posted on 12/31/22 at 9:31 am to Street Hawk
Med school debt for social work earnings - sweet.
The Fed Gov created this bonanza.
USC is constantly in the news for its corruption.
The Fed Gov created this bonanza.
USC is constantly in the news for its corruption.
Posted on 12/31/22 at 9:31 am to Street Hawk
Another life lesson - If you excel in your undergraduate program, you can get funding for your graduate degree.
Posted on 12/31/22 at 9:32 am to Steadyhands
quote:
Sure, but you can't get a mortgage or auto loan for 300k on a 48k salary. Those have collateral that can at least be sold to offset some, if not all of the debt. Student loans should be scrutinized even more so, since they are based on presumably only a potential income. If the value isn't there, it shouldn't be an option. If the universities had more stake in the game, student loan debt wouldn't be the issue that it is in this country.
Just eliminate the federal student loans program and that would solve a good portion of the problem.
Posted on 12/31/22 at 9:33 am to Street Hawk
She should have just purchased the Trump University Real Estate DVD course for $500. She’d probably be a millionaire by now.
Posted on 12/31/22 at 9:33 am to JudgeHolden
quote:
Why is USC selling people a 200k degree that will never pay off?
Because people are paying for it.
Posted on 12/31/22 at 9:38 am to Street Hawk
What an absolute joke. I spent zero dollars on my master’s by working as a graduate assistant.
The bigger point of an MBA is building your network. If that isn’t necessary for your career then don’t work on an MBA with one of the “top” programs.
The bigger point of an MBA is building your network. If that isn’t necessary for your career then don’t work on an MBA with one of the “top” programs.
Posted on 12/31/22 at 9:40 am to Street Hawk
I do feel bad because sometimes in the past I have seen students that just seem like college isn't for them (and that's ok, it's not for everyone), yet are paying for classes that they just don't seem to care at all about.
When I'm speaking with students, though, I always try to emphasize that real-world experience is just as important as grades. Even if you're in a more career-applicable major like within engineering, if you're sitting around just having fun and hanging out all summer, then you're going to be passed over for jobs by students working in the field.
I think some students think that they get into college and are top-dollar for any sort of degree that that's it, their work is done. And that's so far from the case.
When I'm speaking with students, though, I always try to emphasize that real-world experience is just as important as grades. Even if you're in a more career-applicable major like within engineering, if you're sitting around just having fun and hanging out all summer, then you're going to be passed over for jobs by students working in the field.
I think some students think that they get into college and are top-dollar for any sort of degree that that's it, their work is done. And that's so far from the case.
Posted on 12/31/22 at 9:41 am to Street Hawk
Easy way to rein this in. Whatever the salary of the job the degree is used for, limit the loans to that salary x 1. In other words, if the lady is trying to get a teaching degree and the salary is $50k, she can borrow up to $50k.
Posted on 12/31/22 at 9:43 am to soccerfüt
quote:
And we here are all VERY proud of your academic tenacity and heroic derring-do!
ACADEMIC DANCING IS A SERIOUS ART SIR. HAVE YOU NEVER SEEN BLACK SWAN? TWO GIRLS MADE OUT!
This post was edited on 12/31/22 at 9:45 am
Posted on 12/31/22 at 9:47 am to chalmetteowl
quote:
That’s actually not a bad idea the last decade has kind of proved their worth
It is amazing how undervalued some of these "helper" professions are so low paid, yet so necessary.
Have been in a residential treatment environment before, I guarantee you that a position like that, where an employee will likely struggle to cross the $40k mark, is more important than a lot of six-figure jobs.
Posted on 12/31/22 at 9:48 am to Street Hawk
There is no money in mental health.
If your kids ever talk about pursuing a career, put your foot down.
My wife went to grad school for it. Lucky for her she had college savings and did not need loans.
She worked 5 years and never made more than $12,000 a year. To her defense the owner of the practice was a nut job and severely underpaid her and gaslighted her when she would bring up pay. When I confronted her about wtf is up, she said I could make more doing home health, but that would put her in bad situations.
Lucky for us she became a stay at home mom when we had kids, then started a business that has been successful.
We will not let our kids pursue a mental health career.
If your kids ever talk about pursuing a career, put your foot down.
My wife went to grad school for it. Lucky for her she had college savings and did not need loans.
She worked 5 years and never made more than $12,000 a year. To her defense the owner of the practice was a nut job and severely underpaid her and gaslighted her when she would bring up pay. When I confronted her about wtf is up, she said I could make more doing home health, but that would put her in bad situations.
Lucky for us she became a stay at home mom when we had kids, then started a business that has been successful.
We will not let our kids pursue a mental health career.
This post was edited on 12/31/22 at 10:02 am
Posted on 12/31/22 at 9:58 am to Sterling Archer
quote:
These schools also need to be held accountable for this.
College tuition is a function of the government taking over the loans and subsidizing them and millions of idiots falling for the idea that they have to have a 4-year degree to be successful.
Just like in healthcare when you have a bureaucratic middle-man between the payer and the payee, prices go out of control.
Posted on 12/31/22 at 9:59 am to NYNolaguy1
quote:
If this happened in real life tuition prices would drop by 75% overnight.
The only reason tuition is that high is because someone created a loan program to pay for it.
So no aspirations unless daddy has money. Got it.
Posted on 12/31/22 at 9:59 am to JudgeHolden
quote:Because Obama had the government take over all student loans, guaranteeing the money to Universities, which responded by drastically hiking their prices.
Why is USC selling people a 200k degree that will never pay off?
is why
Posted on 12/31/22 at 10:00 am to Street Hawk
Should have taken Finance 101 at Community college before making such a life decision.
Posted on 12/31/22 at 10:01 am to Street Hawk
Some Online colleges can be a scam....IMO.
There have been many documentaries on this subject.
There have been many documentaries on this subject.
Posted on 12/31/22 at 10:13 am to JudgeHolden
quote:
Why is USC selling people a 200k degree that will never pay off?
Because the government has full guaranteed it
Posted on 12/31/22 at 10:14 am to Street Hawk
Net Present Value (NPV) “investment” decision making should be taught Senior Year in high school (along with money mgmt, incl budgeting, credit, mortgages, basic taxes, basic investing, etc).
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