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Congratulations, class of 2014: You’re totally screwed
Slate ^ | May 18, 2014 | Thomas Frank

Posted on 05/19/2014 12:06:25 PM PDT by QT3.14

Welcome to the wide world, Class of 2014. You have by now noticed the tremendous consignment of debt that the authorities at your college have spent the last four years loading on your shoulders. It may interest you to know that the average student-loan borrower among you is now $33,000 in debt, the largest of any graduating class ever. According to a new study by the Pew Research Center, carrying that kind of debt will have certain predictable effects. It will impede your ability to accumulate wealth, for example. You will also borrow more for other things than people without debt, and naturally you will find your debt level growing, not shrinking, as the years pass.

(Excerpt) Read more at salon.com ...


TOPICS: Culture/Society
KEYWORDS: classof2014; education; graduation; studentloans
Debt? Anybody attending these 'Ivy-covered North Korea' Indoctrination Centers likely have minds that are screwed.
1 posted on 05/19/2014 12:06:26 PM PDT by QT3.14
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Comment #2 Removed by Moderator

To: QT3.14

$100K in debt for a Wymyns Studies degree and no job. But be happy that you going to school and paying tuition kept a bunch of professors making well into the six figures for teaching 2 or 3 classes per week for 8 months.


3 posted on 05/19/2014 12:12:04 PM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: QT3.14

2016 DNC platform plank: Forgive all student debt. Register RAT and get your voucher.


4 posted on 05/19/2014 12:12:49 PM PDT by clintonh8r (#Don't give up! The liberals are buggering and aborting themselves into extinction.)
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To: F15Eagle

Only question is which Party is going to rake in their votes by proposing a loan forgiveness scheme? (and yes, some Republicans are actually thinking about it)


5 posted on 05/19/2014 12:13:49 PM PDT by Buckeye McFrog
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Comment #6 Removed by Moderator

To: QT3.14

That is one meandering diatribe!

At first, you think the author is going to point out the obvious causation between more student loans and more costly education. But no!

Just when he tells you what doesn’t cause higher tuition, whammy! He says education sucks because of adjuncts. What was that other point I was making? Oh, nevermind.


7 posted on 05/19/2014 12:18:05 PM PDT by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: clintonh8r

Bingo!


8 posted on 05/19/2014 12:18:36 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: QT3.14

Why are kids in SUCH a rush... you are young and healthy with lots of time ahead of you.

Gee!

I left HS and worked for two years in a factory... Then, When I started college, I had some money to work with and no crying need to borrow.


9 posted on 05/19/2014 12:19:16 PM PDT by SMARTY ("When you blame others, you give up your power to change." Robert Anthony)
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To: QT3.14
I'm holding up on the sympathy here. 2014 graduates, in general, are a core constituent of the useful idiots that got us obummer.

The best advice I have for them is "Careful what you wish for...you may get it."

10 posted on 05/19/2014 12:19:21 PM PDT by pfflier
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To: QT3.14

My son graduated last year and immediately found a job....

Of course he graduated with honors with a degree in Electrical Engineering.....

He also played Division 1 Football and competed in Track......Not all jocks are dumb!

His approx. $30K in college debt is almost paid off....


11 posted on 05/19/2014 12:19:42 PM PDT by nevergore
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To: QT3.14

No problem...they can simply take out more loans and go back to school for more advanced degrees.


12 posted on 05/19/2014 12:20:55 PM PDT by Cementjungle
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To: clintonh8r
2016 DNC platform plank: Forgive all student debt. Register RAT and get your voucher.

You, sir, win the kewpie doll, however, you are fated to live in a banana republic.
13 posted on 05/19/2014 12:24:53 PM PDT by jjsheridan5
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To: QT3.14

These youngsters with skulls full of mush probalby haven’t even thought about the interest rates on their loans. They won’t even be able to pay the interest, much less the principle.


14 posted on 05/19/2014 12:25:49 PM PDT by ImNotLying (The Right To Bear Arms: Making good people helpless won't make bad people harmless!)
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To: Cementjungle
You may laugh, but I've heard people say that very course of action is the way to go...

Too bad they can't get degrees in common sense, or even critical thinking.

15 posted on 05/19/2014 12:25:50 PM PDT by Wyrd bið ful aræd (Pope Calvin the 1st, defacto Leader of the FR Calvinist Protestant Brigades)
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To: nevergore

1) My son graduated last year and immediately found a job....
2) Of course he graduated with honors with a degree in Electrical Engineering.....
3) His approx. $30K in college debt is almost paid off....

Hard work, persistence, achievement....

STOP THESE RACIAL ATTACKS ON OBAMA!!!


16 posted on 05/19/2014 12:26:55 PM PDT by 17th Miss Regt
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To: Opinionated Blowhard

Those teachers also have to “publish or perish” qualitative studies of LGBT student’s experiences in wymyn’s studies, so they work a fair amount of hours.


17 posted on 05/19/2014 12:29:06 PM PDT by demshateGod (The fool hath said in his heart, There is no God.)
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To: QT3.14
As you probably know, neither your parents nor your grandparents were required to take on this kind of burden in order to go to college.

Nor are YOU required to take on such debt. I'm almost certain that college is still voluntary.

But it seems that all the learning in the world, all the good grades and high test scores—which they had too, remember, just like you—don’t mean a goddamned thing when people have no bargaining power.

Slaves to be sure! No one can perform other than his assigned work, or accept other than his/her assigned wage.

It is a double disaster of the kind that only we Americans are capable of pulling off.

It's true! Life in America's University system is worse than life in Stalin's gulags or Mao's reeducation camps! The FINAL punishment for those interred at Aushwitz was a transfer to Harvard. Many prisoners would throw themselves into gas chambers to avoid it!

I could continue, but it is insensitive to mock a retard.

18 posted on 05/19/2014 12:34:15 PM PDT by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: QT3.14

Just imagin how bad it would be if they had $17T in debt...


19 posted on 05/19/2014 12:39:59 PM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: QT3.14

Boo freakin’ hoo.

Material lust is fine if you can pay for it. Gotta have a BMW seven series? I don’t care, as long as you can pay for it. But if you borrow the money to buy it, you’re an idiot. And I don’t feel sorry for you when it gets repossessed.

The lust to go to Harvard is exactly like the lust to buy that Beemer. It’s name-brand exhibitionism. It’s a polo logo on an otherwise ordinary shirt. You want to smug it up toward everyone who went to a community or state college. Again, not my business — as long as you can pay for it. Some people want Louis Vuitton purses.

But if you can’t pay for Harvard and buy it anyway, you’re an idiot. And I don’t feel sorry for you when you can’t service your debt.

AND I’M NOT PAYING YOUR DEBT FOR YOU.

These types of articles are meant to soften us up for massive student debt relief. I hope American taxpayers won’t stand for it.


20 posted on 05/19/2014 12:40:28 PM PDT by Blue Ink
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To: LucianOfSamasota; All
It's true! Life in America's University system is worse than life in Stalin's gulags or Mao's reeducation camps!

As in the link below:

Examples of why college students minds are so screwed!!

21 posted on 05/19/2014 12:48:08 PM PDT by QT3.14
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To: andyk

The author raised one good question—where does all that rising tuition money go in the universities? Certainly the upper echelon of Administrators must rake in hefty salaries and not all the profs are adjuncts. The real crisis becomes when these debt laden students default on their massive student loans. Guess who takes it up the arse? The productive, taxpayers that’s who. Government involvement again proves a sham and a shame.


22 posted on 05/19/2014 12:50:17 PM PDT by tflabo (Truth or Tyranny)
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To: Opinionated Blowhard

They won’t blame teachers but society, and eagerly push for a revolution that puts them in charge. Occupy Wall Street was the first sign of that.


23 posted on 05/19/2014 12:57:59 PM PDT by tbw2
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To: QT3.14

This article is incoherent. Maybe the author should investigate why Harvard is sitting on a $30 billion endowment. So-called “education” is big business these days.


24 posted on 05/19/2014 1:01:40 PM PDT by Bernard Marx
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To: tbw2

Astute observation. OWS fizzled out because it was disorganized and rudderless. But eventually the a talented demagogue will figure out how to harness them, then all bets are off.


25 posted on 05/19/2014 1:02:14 PM PDT by Buckeye McFrog
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To: QT3.14

My daughter is about to graduate with a Chemical Engineering degree from Auburn with 0 student debt.none,zilch, nada


26 posted on 05/19/2014 1:15:01 PM PDT by SonnyBubba
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To: 17th Miss Regt

But if Obama had a son, he’d look like....
Oh, never mind....


27 posted on 05/19/2014 1:23:23 PM PDT by nevergore
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To: SonnyBubba
My daughter is about to graduate with a Chemical Engineering degree from Auburn with 0 student debt.none,zilch, nada

Good for her. A Chemical Engineering degree is a hard discipline. Not for the faint hearted.
My father-in-law had a degree in Chemical Engineering from Indiana U. In WWII he worked for a ammunition manufacturing company. Post WWII he went back to school for a degree in dentistry, then later, the Army sent him back to school for Oral Surgery. He made a career of the Army serving in the Korean War and later during the Vietnam era. He retired a full bird colonel.

28 posted on 05/19/2014 1:30:04 PM PDT by BluH2o
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To: SonnyBubba
My daughter is about to graduate with a Chemical Engineering degree from Auburn with 0 student debt.none,zilch, nada

My daughter would get the "you don't have a student loan?" reaction if the subject came up.

29 posted on 05/19/2014 1:36:36 PM PDT by Stentor (Maybe the Goldman Sachs thing is just a coincidence. /S)
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To: SonnyBubba
My daughter is about to graduate with a Chemical Engineering degree from Auburn with 0 student debt.none,zilch, nada

My daughter would get the "you don't have a student loan?" reaction if the subject came up.

30 posted on 05/19/2014 1:36:36 PM PDT by Stentor (Maybe the Goldman Sachs thing is just a coincidence. /S)
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To: QT3.14

Only bigger and bigger government, more and more regulations and higher and higher taxes can save us and solve our problems.

Until young adults view that statement as a complete lie - things will never change.


31 posted on 05/19/2014 1:52:05 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: SMARTY

” Then, When I started college, I had some money to work with and no crying need to borrow.”

Ha, ha, you sucker. :(


32 posted on 05/19/2014 2:10:27 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: Stentor

My advice to her is to find someone in likewise condition when she gets married. I have read that this is just about the #1 modern-day criteria for a potential spouse!!

This is actually good news for fat,ugly,smart, hard-working and frugal people.


33 posted on 05/19/2014 2:13:45 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: nevergore

I just did an inflation calculation on the starting salaries for EE’s back in my day, in 1960. In today’s dollars, about 55K. How does that compare to what you son started off at?


34 posted on 05/19/2014 2:17:59 PM PDT by Oldhunk
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To: QT3.14
When I went after WW II the annual starting pay was $2500 which exceeded the total cost for 4 years tuition [not R&B]. Oh yes it was government funded under the GI bill. Civilians were the same so Government participating did not cause the growth then. Today, if you pay it, they will charge it.

Solution is the college should loan the money. If the student can't repay, the college goes out of business for its crappy education.

35 posted on 05/19/2014 2:19:20 PM PDT by ex-snook (God forgives and forgets.)
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To: ex-snook

” Today, if you pay it, they will charge it. “

Correction: If ANYONE pays for it, they will charge it.

Remember when Eisenhower warned against the growth of the miliary-industrial complex? That was NOTHING...compared to the medical-legal-insurance complex and the education-union complex. Nothing. And they both turned into monsters for the same reason. Can you guess what that is?

I laugh my head off when I hear and read “we have the best educational system in the world”. Who, besides ourselves, actually says this? The numbers say otherwise. The graduate system is in decline, but still has a certain cachet, much like having worked for a good company or having an address in the “right” neighborhood. But this is inertia, and it won’t last.


36 posted on 05/19/2014 2:32:39 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: Stentor

“My daughter would get the “you don’t have a student loan?” reaction if the subject came up.”

In a similar vein, when I go to a doctor, they always ask, what meds are you on? They literally don’t believe that I can possibly be alive, moving under my own power, and somewhat coherent living like this at my advanced age (specifically, very, very late middle age).


37 posted on 05/19/2014 2:38:03 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: Oldhunk

He started at $53K with full medical and dental benefits, profit sharing, 401K etc....

They also give an end-of-year bonus that is 10% of annual salary.


38 posted on 05/20/2014 1:45:50 PM PDT by nevergore
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To: nevergore

Well done by your son. I wish we could figure out how to entice more of our best and brightest to study engineering and the sciences.

I’d like to see us stop bringing in so many foreign high tech people to take jobs away from our own citizens and hold down salaries.


39 posted on 05/20/2014 3:46:15 PM PDT by Oldhunk
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