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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 11:25 am to
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
48799 posts
Posted on 12/31/22 at 11:25 am to
quote:

These schools also need to be held accountable for this. They shouldn’t be able to charge that much money for a worthless degree.
A Master's Degree is worth a lot of you choose the correct field to use it in. Why should USC stop offering it if some choose their career path poorly? That's not on the school. That's on the individual.
Posted by BearsFan
Member since Mar 2016
1283 posts
Posted on 12/31/22 at 11:47 am to
Sounds like she could (or may currently) work for a government or nonprofit and discharge these loans after 120 payments.
Posted by CatfishJohn
Member since Jun 2020
16918 posts
Posted on 12/31/22 at 11:48 am to
Tuition bubble is a result of the free market. It’ll burst soon, but government intervention isn’t the answer.

Now, student loans are another story. Need more oversight there since they often come from government.
Posted by tadman
Member since Jun 2020
4773 posts
Posted on 12/31/22 at 11:49 am to
It's an ecosystem of fraud.

Liberal university full of liberal professors telling you liberal things, rack up a bunch of debt, then a liberal politician comes along and takes care of it.

What a bunch of nice guys. You should vote for them.
Posted by Privateer 2007
Member since Jan 2020
7266 posts
Posted on 12/31/22 at 12:44 pm to
We need to abolish "graduate" degrees that aren't research based.
They're an academic abomination.

It's literally just paying for a degree.
Posted by Eternally Undefeated
Member since Aug 2008
919 posts
Posted on 12/31/22 at 12:50 pm to
I agree, also. I believe the fact that almost anyone can get a student loan for almost any amount is incentive for schools to charge whatever the heck they want. It's getting where it's too costly for a college education anywhere unless one obtains a student loan.
Posted by LootieandtheBlowfish
Houston/BR
Member since Aug 2021
695 posts
Posted on 12/31/22 at 12:53 pm to
I know for a fact USC online does not cost 200k it’s about 1/4 of that.
Posted by Sgt Tuffnuts
Middle Georgia
Member since Jul 2022
2095 posts
Posted on 12/31/22 at 12:57 pm to
It's shocking. There were 600-something different employees at UGA who made at least 150,000 dollars in 2021.
Posted by go ta hell ole miss
Member since Jan 2007
14026 posts
Posted on 12/31/22 at 1:06 pm to
quote:

Wut? People make the choice to enroll.


People would make a choice to take out a loan for Ferrari or a mansion in Malibu if we just let them have it without any basis to determine whether they can actually pay for it. Student loans are out of control because there is no oversight on why schools are charging so much or based on ability to repay. With the taxpayer being left on the hook, there needs to be at least a moderate amount of accountability.
This post was edited on 12/31/22 at 1:07 pm
Posted by pelicansfan123
Member since Jan 2015
2204 posts
Posted on 12/31/22 at 1:18 pm to
quote:

When I shopped around for my M.Ed. I found the cheapest accredited program in state. Still had the same clinical training (and some of the same professors) as bigger programs in my state.


For some people, including some family members, I think it's a social thing. People want to tell. their friends their son/daughter went to so and so. Makes some people feel like it was worth it if they got a degree from certain institutions, even if there was utlimately a cheaper option.

It's not the mindset I have at all, but I have seen plenty of people who think this way.
Posted by pelicansfan123
Member since Jan 2015
2204 posts
Posted on 12/31/22 at 1:22 pm to
quote:

2. The people with IQ’s above 100 have been bombarded by every teacher since KG telling them “you have to get a college degree”.


Unfortunately, nowadays, a lot of jobs have bachelor's or even Master's degrees as the minimum education requirement, even though it's completely unnecessary.

When job hunting a couple summers ago, it was incredible to me how many jobs required a bachelor's, despite it being completely unnecessary from a practical standpoint.

Even my current job requires a Master's, when a bachelor's would be 100% fine. It's absurd.
Posted by Sgt Tuffnuts
Middle Georgia
Member since Jul 2022
2095 posts
Posted on 12/31/22 at 1:52 pm to
The only time a really expensive graduate degree is worth it is if there's a lot of networking involved, and there are only a few of those.

Harvard has a masters in business program for non-traditional students that's only a year long with light course work, and it's basically a bunch of dudes who are really smart at business networking and bouncing ideas off of each other and figuring out how to make money next.
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 12/31/22 at 2:28 pm to
quote:

The only time a really expensive graduate degree is worth it is if there's a lot of networking involved, and there are only a few of those.


For the readers of this post who are not potential Nobel, Pulitzer, etc prize candidates (given OT reader caliber, this means very few), I generally agree. Be careful to not over generalize. Without doubt, “expensive” grad schools are the only avenues to high finance jobs, as one example. There are similar examples across the professional degree spectrum.

Who you are at 18yo (work ethic, motivation, talents) matters more than University letters on shirt at 22yo most of the time.

Lots of status value in university brands by the status hunters in this world. Lots of Tiger Moms have traded their kids’ “kid life” for this eventual status. No summers in Hong Kong Moms (study, study, study). Trading precious life…

Some legitimate value difference, however, many others not so much.
Posted by Eurocat
Member since Apr 2004
15791 posts
Posted on 12/31/22 at 2:49 pm to
quote:

We need to abolish "graduate" degrees that aren't research based. They're an academic abomination.



I can't think of a graduate degree that isn't researched based apart from degrees in fine arts (like getting an MFA in Dance for example to be a choreographer).

Everything else is researched based is it not?
Posted by USMEagles
Member since Jan 2018
11811 posts
Posted on 12/31/22 at 2:56 pm to
quote:

Everything else is researched based is it not?

Professional degrees like MD, DO, JD, DPM, etc. are graduate-level, non-research degrees.
Posted by Privateer 2007
Member since Jan 2020
7266 posts
Posted on 12/31/22 at 3:29 pm to
quote:

research based


If you don't get paid(via grants etc Teaching assistant research assistant) it's not real grad school.

If you pay tuition for grad school, it's just continued undergrad.
Posted by BearsFan
Member since Mar 2016
1283 posts
Posted on 12/31/22 at 3:35 pm to
quote:

If you don't get paid(via grants etc Teaching assistant research assistant) it's not real grad school. If you pay tuition for grad school, it's just continued undergrad.


I hate blanket statements like this.

So if I go next year and get a Harvard MBA (im not it’s just an example), then it’s a waste?
Posted by Privateer 2007
Member since Jan 2020
7266 posts
Posted on 12/31/22 at 3:38 pm to
quote:

MBA


It's not research.
That's the crux of graduate work.

Like 70% of Wharton school students thought median US income was like 100k.

Dont confuse connections with intelligence or true education.

Higher Ed has become a joke.

This post was edited on 12/31/22 at 3:40 pm
Posted by dgnx6
Member since Feb 2006
79275 posts
Posted on 12/31/22 at 3:42 pm to
People are so dumb.
Posted by Privateer 2007
Member since Jan 2020
7266 posts
Posted on 12/31/22 at 3:44 pm to
quote:

professional degrees....MD, etc


No. They aren't graduate degrees.
They are professional degrees.
Big difference.
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