tag:blogger.com,1999:blog-13824647.post3591934798835437603..comments2024-03-26T01:02:44.010-07:00Comments on The Narrow Bridge: Do Students Deserve a Bailout?Anyahttp://www.blogger.com/profile/17251949534479867675noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-13824647.post-49140068920095382972023-09-13T05:58:37.664-07:002023-09-13T05:58:37.664-07:00Hello mate greatt blogHello mate greatt blogEqdrivehttps://eqdrive.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-13824647.post-57534603579108191822009-01-14T17:30:00.000-08:002009-01-14T17:30:00.000-08:00The dirty truth is that a college degree, despite ...The dirty truth is that a college degree, despite "past" statistics, will not be worth much in the future. Unless you are entering a profession: teaching, health care, etc., forget it. How many millions of b.s. business degrees do we need? There simply aren't enough good jobs, sorry. The future economy will be much smaller, and it will all about whom you know and not what middle of the road college you went to. Like the first commmenter said, "too many degrees." A bachelor's degree, in this economy, doesn't mean crap. No bailout, no way. Just pay your loan off for the next 20 years, work at Starbucks, and realize that not all lives are fabulous. You are probably just "average" or below average anyway, suck it up. Keep working on your Facebook accounts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13824647.post-65978758529057593792009-01-10T20:08:00.000-08:002009-01-10T20:08:00.000-08:00no, this isn't bailout worthy. suck it up. really....no, this isn't bailout worthy. <BR/><BR/>suck it up. <BR/><BR/>really. <BR/><BR/>People in this situation should just consider it a paid lesson from the college of hard knocks. a "practicum in toughing it out" if you will. successful completion of the course teaches such lessons as "success isn't gauranteed, but hard work makes it more likely", "details matter, so read the fine print", and "you're ultimately the one responsible for the decisions you make" If you've truely learned these lessons a few years out of college, you've gotten your moneysworth and you're well ahead of many of your peers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13824647.post-72971007919046196202009-01-09T14:56:00.000-08:002009-01-09T14:56:00.000-08:00The report to which you linked talks about the rel...The report to which you linked talks about the relative benefit, from reading the executive summary. The claims of the "Education Pays" report are still being met. I can not see that as exploitative.<BR/><BR/>To put the discussion a different way, and correct me if I am mistaken, while the absolute return on a bachelor's degree has decreased, the relative return has increased.<BR/><BR/>As for your analogy, it probably would be better framed as people borrowed more and more in anticipation of rising home values, not because they thought they'd gain less money by renting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13824647.post-12740212797428878042009-01-09T07:38:00.000-08:002009-01-09T07:38:00.000-08:00--Indeed, the relative return to higher ed is incr...--Indeed, the relative return to higher ed is increasing because incomes for non-college grads have fallen even farther than for college grads. But if you're taking mortgages as an analogy, people borrowed more and more in anticipation of rising home values, not because they thought they'd lose even more money by renting. In the same way, students borrowed more and more for college, but the absolute return on a college degree has fallen.Anyahttps://www.blogger.com/profile/17251949534479867675noreply@blogger.comtag:blogger.com,1999:blog-13824647.post-74297119291891211702009-01-09T05:38:00.000-08:002009-01-09T05:38:00.000-08:00There is a flaw in your argument. The median inco...There is a flaw in your argument. The median income of households headed by someone with a bachelor's degree may be slightly smaller in 2007 than in 2000. However, how does the median income of households headed by someone with a bachelor's degree compare with that of households headed by someone lacking a bachelor's degree? That is what determines the return on college investment. There might be a lower return, but the statistics shown here do not say anything one way or another.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13824647.post-79867482424029497352009-01-08T11:03:00.000-08:002009-01-08T11:03:00.000-08:00In a word: No. I have some student loans incurred ...In a word: No. <BR/><BR/>I have some student loans incurred 2002-3 for a graduate program. I was careful to consider the returns before I embarked on a program costing me a significant amount of money. I believe I got a decent return on my investment - it is difficult to quantify but I feel it was worthwhile. <BR/><BR/>However, even if I didn't get a return on it, I signed the paperwork to get the loans and have a responsibility to repay the money as agreed. Why should I (or you) be taxed to pay the bill for people who didn't consider the return on their investment?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13824647.post-25190463650605280762009-01-08T09:27:00.000-08:002009-01-08T09:27:00.000-08:00Supply and demand... when everyone has a degree it...Supply and demand... when everyone has a degree it isn't worth as much as it was prior to becoming ubiquitous.<BR/><BR/>This is probably a reflection on the value produced by folks who have degrees from institutions you might classify as "degree farms."<BR/><BR/>So, do students deserve a bailout? No way! If so, maybe I should get a reward (courtesy of the gvt) for not taking out student loans to pay for 6 figures of tuition, fees, etc.Anonymousnoreply@blogger.com