Posted on 05/18/2014 4:10:36 PM PDT by SeekAndFind
They need to look for things such as (1) does the company promote from within, (2)if the need ever arose, could there be opportunities with the company in other areas (3) what is the salary potential, with experience
Why would a company hire someone with insurmountable debt, when there are responsible HS grads with good HS records, great potential, and no debt?
And not just Obama and crew.
Even a capitalist tool like BusinessWeek ten years ago. They ran a story about how great the VA healthcare was, with modern electronic records, and a good example for the whole healthcare industry.
I got BusinessWeek for a long time, but finally cancelled it. Their track record of predictions was horrible. In 2007, one of their leading columnists wrote a column about how gov't regulation had cured the business cycle -- no more crashes. Then in 2008 until the crash, they kept saying the mortgage bubble wouldn't amount to much. And I think it was the issue right before Lehman Brothers collapsed, they said Lehman Brothers would be OK.
That's not the issue. The real issue is whether the rapidly increasing cost of many college degrees is a worthwhile investment, and consequently whether or not the taxpayers will ultimately end up covering a lot of failed student debt.
In many courses of study it isn't clear that the investment is a good one. That indicates several things. First, the price of whole categories of college degrees has become over inflated. Second, the overall economy sadly does not have a need for many of the skills taught in college. And third that there is significant demand and earnings associated with less glamorous professions.
In one sentence, it may not be worth spending $250,000 so that you can bill $50 per hour as software contractor when you could bill $60 per hour fixing cars with a $100,000 investment.
when you borrow money, your net worth goes down
isn’t this obvious?
what’s the big deal?
you decide you want to get an education, it can enhance your life in so many ways....some economic ways (higher earnings capacity if you take majors that give you employable skills, not “community organizing” or “commielesbo studies”)
and an education can enhance your life in non-ecnoomic ways, too.... you may understand more of what’s going on, you might discover tremendously valuable cultural, literary, art, music enjoyments in your future life, and so forth.
it is wonderful that each individual can make this kind of choice for themselves in America.
there’s certainly nothing to complain about here!
No, I’m not advocating free college degrees. However we would be lying if we said that the value of a college education has not decreased.
The only futures that the massive student debt is currently “investing in” is the future pensions of those in academia.
The Democrats are LOVING this. This is the first step in making College Education FREE. Why are we falling for this?
RE: The study of women may be fascinating, but, there are no jobs/career paths for which a degree in women’s studies is a qualifier.
Well, Sandra Fluke went to Cornell and majored in Feminist, Gender & Sexuality Studies. Look where it got her...
Let's start with in-state tuition rates for illegal aliens.
How do you think that impacts poor and middle class “b+” students who do not qualify for government grants, since they can only afford to attend community college classes on a “pay as you go” situation?
Supply and demand is in play, right?
Demand is artificially increased, and the “supply side” charges higher prices for all.
Higher education is a business, like any other.
It just happens to be partially taxpayer subsidized, and also the willing participant to horrendous political corruption.
One would think with all the technology advances,many basic, on-line college level education courses would be exceedingly cheap and all but freely available to everyone!
Not so.
Students pay the “professional educational guild” much as blue collar workers are forced to pay Union dues, in order to demonstrate their willingness to play by archaic rules that might have mattered 100 years ago, but do not matter now.
Why?
So the current higher education employees can continue to be inefficient and ever more costly?
I am willing for a portion of my taxes to help pay “living wages” for serious scholars to concentrate on an almost unlimited number of fields of intensive study.
It is stupid to have new students pay hundreds or thousands of dollars to become certified in old knowledge.
>>Why would a company hire someone with insurmountable debt, when there are responsible HS grads with good HS records, great potential, and no debt?<<
Well, we do need to go a little backwards on your question.
Debt is only an issue when it appears it will be a basis for things like bribes. College debt is ignored when looking at the debt of potential candidates.
As for HS degrees, other than accounting, engineering, the biological sciences, most IT, physics, chemistry, geology, anthropology, archaeology, astronomy, advanced training, and virtually every other professional career, yes you are right, a HS degree is all you need.
The problem is these Millennials who take on debt to get degrees in literature, political science (hah!), womyn’s studies, etc. etc. etc. They are the ones dragging the curve.
But when I did take on student debt, I actually did research (back then we did it in buildings called “libraries” with things called “periodicals” and “books.”
I did the cost/benefit analysis and saw the huge benefit of taking on, and paying off, the debt.
I'm not falling for anything. Enabling an entire generation to go into non-dischargable debt to the government is a bad idea. It enslaves them, or will result in massive losses when many of the former students find that they cannot repay the loans.
Everyone should determine the value of the investment they make in education - for many career areas there are better ways to invest in yourself than going to a typical 4 year liberal arts college.
College students are also deferred taxpayers.
In some cases, it is still worth it. In many others, debt for that undergrad degree closes options in the future.
For those fields that need degrees and in which jobs are assured, I could see getting an in-state tuition at a public college or finding a school that will provide scholarships. Another avenue is to take some vocational courses before starting college, so a person can earn money that way. If I were in that position now, I'd be taking some accounting courses and doing tax prep in season.
The important thing you did was a cost-benefit analysis. So many people get those loans with nothing but vague promises about their futures. I have no sympathy for them.
The Best Medical Care in the US.
I'm posting the link because I'm so happy I remembered it basically correctly. I said 10 years ago in Post #22, whereas it was actually 8 years ago. But otherwise, OK.
Reading that makes me very hopeful that the VA can get back to the way it was for the good Vet. I have wonderful care at the Baltimore VA where I go for everything and could easily use Johns Hopkins with Tricare, but the Baltimore VA is so good and has such caring people. I want every VA to run like Baltimore and I hope it does soon.
Hopefully the latest scandal will lead to improvements at those hospitals that have fallen short.
I hope so too....I am really surprised most about Arizona because you would think with John McCain there, he would at least visit it every now and again to make sure it is running right. What about the Governor too? She didn’t feel like visiting occasionally?
You’d think. And it’s not like there were no warning flags.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.