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re: Student loan bubble about to burst

Posted on 4/11/17 at 11:19 am to
Posted by Doldil
The Ham
Member since Jan 2010
6214 posts
Posted on 4/11/17 at 11:19 am to
I'm starting to think coming out of my for profit college with only 30k in debt (that is paid off now) and a job was actually a win. I also took my classes seriously and learned skill(s) from people who were teachers part time, but working in the industry (IT) full time. It's not great with accreditation, but it sure as shite hasn't held me back. I'm probably one of the more rare "success" stories coming out of a for profit, but you get out what you put in.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138865 posts
Posted on 4/11/17 at 11:19 am to
quote:


All while the standards of acceptance and the core curriculum objectives are diminishing . . . sickening.

Not sure about other schools, but I know LA Tech has enacted stricter acceptance standards since I enrolled in 01.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
43444 posts
Posted on 4/11/17 at 11:20 am to
quote:

I'm starting to think coming out of my for profit college with only 30k in debt (that is paid off now) and a job was actually a win. I also took my classes seriously and learned skill(s) from people who were teachers part time, but working in the industry (IT) full time. It's not great with accreditation, but it sure as shite hasn't held me back. I'm probably one of the more rare "success" stories coming out of a for profit, but you get out what you put in.


That's because in today's environment you actually did.
Posted by PoundFoolish
East Texas
Member since Jul 2016
3724 posts
Posted on 4/11/17 at 11:21 am to
quote:

Not sure about other schools, but I know LA Tech has enacted stricter acceptance standards since I enrolled in 01.


There's sure to be exceptions as the administration of a certain school will have a lot to say about acceptance standards. Any indication that Tech did this due to a shift to more STEM-based core curriculum?
Posted by TheXman
Middle America
Member since Feb 2017
2984 posts
Posted on 4/11/17 at 11:21 am to
quote:



I work in academia, in the liberal arts. And in non-Stem social science and humanities disciplines, you are right.


Would you say that tenure is a big problem?

I had a handful of teachers at UGA who were just there for 'research' but had to teach some classes to satisfy requirements. They had no fear of being fired, much less reprimanded.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138865 posts
Posted on 4/11/17 at 11:24 am to
quote:


There's sure to be exceptions as the administration of a certain school will have a lot to say about acceptance standards. Any indication that Tech did this due to a shift to more STEM-based core curriculum?

As I understand it, they had to limit incoming students due to facility capacity.
Posted by PoundFoolish
East Texas
Member since Jul 2016
3724 posts
Posted on 4/11/17 at 11:24 am to
quote:

Would you say that tenure is a big problem?


It depends on the specific discipline and the school, but overall yes.

quote:

I had a handful of teachers at UGA who were just there for 'research' but had to teach some classes to satisfy requirements. They had no fear of being fired, much less reprimanded.


Same at the school I'm at. One tenured prof in my department spends a VAST amount of time in "community outreach" . . . she ran for city council last year (I'll let you guess her party affiliation).
This post was edited on 4/11/17 at 11:25 am
Posted by buckeye_vol
Member since Jul 2014
35379 posts
Posted on 4/11/17 at 11:26 am to
quote:

I had a handful of teachers at UGA who were just there for 'research' but had to teach some classes to satisfy requirements. They had no fear of being fired, much less reprimanded.
Well research universities obviously value research above all else, so it's weighted more heavily. A good researcher can get away with mediocre teaching, but a mediocre researcher wouldn't have that margin of error.
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 4/11/17 at 11:26 am to
I'm not reading those whole thing. Have we blamed the federal government for causing this in the first place?
Posted by roadGator
DeBoar’s dome
Member since Feb 2009
157539 posts
Posted on 4/11/17 at 11:26 am to
I did.
Posted by StringedInstruments
Member since Oct 2013
20860 posts
Posted on 4/11/17 at 11:27 am to

They CAN'T pay it. That's the problem. Would you buy a Honda Accord if you were struggling to find full time work? Probably not.


They CAN pay it.

This board likes to shite on college as if gender studies and art history are the only fields students major in. Those are blips on the radar. Even then, both of those degrees offer opportunities to find gainful employment. But most college students are majoring in something that offers a legit job right out of college.

And think of the positives it offers for our society. People are able to pursue the job they are most interested in and most suited for. Happy workers make better workers.

It's really not that expensive. As someone mentioned, it's just the cost of a Honda Accord. A car. Find roommates for your 20s, and you can knock out your debt while starting to save for retirement, house, family, etc.

Now the people that are taking out $100k+ in loans are foolish unless the degree has a higher ROI such as med school or maybe engineering. But $30k-$50k isn't that much to find a career that provides lifetime satisfaction.
Posted by PoundFoolish
East Texas
Member since Jul 2016
3724 posts
Posted on 4/11/17 at 11:27 am to
State governments are little better even if they are limited in their control.
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 4/11/17 at 11:28 am to
thanks!
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138865 posts
Posted on 4/11/17 at 11:28 am to
quote:

Well research universities obviously value research above all else, so it's weighted more heavily. A good researcher can get away with mediocre teaching, but a mediocre researcher wouldn't have that margin of error.


I had an ecology professor that wanted to be a hardass in the classroom but valued his research far more than the class. He wouldn't dedicate minute one to meeting outside class. It was a shitty combination.
Posted by TheXman
Middle America
Member since Feb 2017
2984 posts
Posted on 4/11/17 at 11:29 am to
quote:

Well research universities obviously value research above all else, so it's weighted more heavily. A good researcher can get away with mediocre teaching, but a mediocre researcher wouldn't have that margin of error.




I realize that. I'm saying it seems a little backwards that all these institutions are just chasing federal grants. That was without a doubt the #1 priority at UGA. Not educating the students.

I imagine that's status quo though.
Posted by PoundFoolish
East Texas
Member since Jul 2016
3724 posts
Posted on 4/11/17 at 11:29 am to
quote:

But most college students are majoring in something that offers a legit job right out of college.


mmmmmm . . . no

Posted by StringedInstruments
Member since Oct 2013
20860 posts
Posted on 4/11/17 at 11:30 am to
quote:


Would you say that tenure is a big problem?

I had a handful of teachers at UGA who were just there for 'research' but had to teach some classes to satisfy requirements. They had no fear of being fired, much less reprimanded.


Tenure is a big problem. Even high school teachers don't have real tenure. They can't just stop participating in their job and expect to keep it.

I know a philosophy professor at a liberal arts college. He's not a full professor yet and never will be. Makes around $75k and does jack shite. Doesn't publish. Halfasses his way through teaching. Doesn't even schedule courses. The department just gives him a few to teach. God knows what actually goes on his class. Spends most nights out late getting drunk. Attaches his name to service projects but does very little besides showing up.

And there's nothing the university can do. Not one thing.
Posted by StringedInstruments
Member since Oct 2013
20860 posts
Posted on 4/11/17 at 11:32 am to
quote:


mmmmmm . . . no



mmmmm . . . yes.

Unless you're claiming that the majority of college students are unemployed after college. This link says that the unemployment rate for young college graduates is 5.6%. Underemployment is 12.6%. Most are finding jobs right out of college and no, most are not settling for Starbucks.

Perhaps it's that way for whatever school you're teaching at in East Texas.
Posted by PoundFoolish
East Texas
Member since Jul 2016
3724 posts
Posted on 4/11/17 at 11:37 am to
quote:

Unless you're claiming that the majority of college students are unemployed after college


Yep. They have jobs, even FT jobs in cases, but not jobs that correlate to their degree.
Posted by DrunkerThanThou
Unfortunately Mississippi
Member since Feb 2013
2846 posts
Posted on 4/11/17 at 11:38 am to
Paying back student loans wouldn't be as big of a problem if the baby boomers actually saved their money and retired like they were supposed to. The job market for 20 year olds (even those with non-basket weaving degrees) is atrocious. Just another example on how millenials will be forced to pick up the slack for their lazy asses
This post was edited on 4/11/17 at 12:55 pm
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