Another sub-prime disaster. Defaulting on all those student loans to support Ivy League phony degrees.>>>>>>>
Not just the Ivies. All kinds of universities giving out fake phony degrees in ethnic studies, wymon’s studies, communications, psychology, art history etc etc. Some are worth studying but not by taking out $70,000 in student loans you can’t pay back with your dipstick degree
“Not just the Ivies...”
....yep...there’s a huge student loan debt pool out there in the for-profit school area...you know the ones who advertise on TV that they can teach you to be a Harley Davidson mechanic ect?...those types of students racked up Title IV government backed debt...just like student loans at universities.
Communications is not really a fake degree. However, you have to be an outgoing person to use it and a lot of the people who get it aren’t.
Of course the real problem is that far too many people in this country have gone to college because all the middle class jobs that you used to could get with a hs diploma are gone.
I graduated Alabama when Perkins was coach and Shula was the QB. I actually knew Shula. I then ended up getting an MBA. I chose an industry that I liked and was able to do well and pulled in six figure checks before I turned 30.
It’s not that easy today. Back then we still had an economy that could support my ability to do something like that and then the combination of the bachelor’s and the MBA guaranteed you great things if you even had half a work ethic.
There are a lot of unemployed MBAs today and the college diploma has become like the old HS degree and the old HS degree is like having an 8th grade education except you can enlist.
If we can’t find a way to get middle class jobs in this country or at least wipe out the debt of all the college students who’ll never be middle class because of the economy this country is headed down a dark, dark road.