Does anyone at the Department of Education think that my child who is attending Cal Poly or Berkley or any other state supported college is going to be able to pay back their student loan debt with a degree in Parks and Recreation management or Anthropology?? They can make the choice to pay for the education and realize a great "university" experience... but where are the placement stats and salary levels of their graduates? DOES not exist ... because the requirement to track and monitor is not there... this is unique to "other" colleges.... why?
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894- Go f*** yourself. People ARE borrowing $300k, all it takes is a bad year in a field that you realize isn't a good fit or living in an expensive area without the ability to work the entire time they are attending. Medical school costs much more than 300k, as do many other fields. Just because you can't imagine it, there are many ways someone can end up owing this much and thanks to greedy republicans backstopping Sallie Mae, there is no good way to restructure or eliminate the debt ever. Our country was founded on a new chance, saddling people in their teens and twenties with a third of a million dollars in debt that they cannot ever negotiate on is nothing short of slavery.
Ahhhhhhhhhhhhhhh. Biggest yawn I can muster concerning the depth of your stupidity.
Why is nobody holding the student responsible. The majority demographic are adults. MANY go to these schools because they know that they can qualify for "extra" money from the Federal student loan programs (money going to them not the school). Often when they don't get the money or when they do get the money - they drop and find another school.... AND the federal regulations REQUIRE the school to certify loans so the student get the money. In fact, the school is found in violation of Federal student loan rules if they do not provide the extra loan funds! All the documents state that Placement assistance is provided, but not guaranteed. There is a level of consumer responsibility. I am not for or against Corinthian in particular - these are facts in ANY college administering Federal student aid. If I go a buy anything I cannot afford and do not intend to pay back (how many students not paying back loans who are employed? Mortgages? Ever look at MD's default rates?)...
There is responsibility on all sides.
I understand they have different purposes - and agree - It is about choice, when there is one. Most trade school students are not going to be accepted or attend a University and sometimes not a Comm. college. Shouldn't they have choices as well? If not trade school for a skill .. maybe not a good job market (what is right now?)...but a skill that they would otherwise not have an opportunity to acquire? What are the alternatives for those 70+ percent that were placed and did finish and now have a job with the skills they acquired? I have several in my family - both private UC and trade... all different backgrounds and opportunities.
If a degree in Parks and Recreation costs $300,000 shame on the student and parent that completed that program. If the student taking
Anthropology wants to teach at a University that is the only way to do that, get an advanced degree that is. In reality, there are very few student borrowers that have any where near $300K because the government won't let them borrow that much. Quit trying to make yourself sound concerned and actually sound ignorant of facts.
Universities have a different purpose from trade schools. (http://www.academia.edu/2626994/What_is_the_purpose_of_higher_education_Comparing_student_and_institutional_perspectives_for_completing_a_bachelor_s_degree_in_the_21st_century) They're not there primarily to get people jobs. Certainly, an anthropology department never professes "We placed 90 anthropologists this year."
Well 97859... spelling aside. I am aware they don't make placement claims, because they are not required to do so and they lobby hard to not be subject to the regulations that require schools in CCI's sector to report these.
Regular universities aren't making claims about placement. Career colleges, and specifically Corinthian made claims about placement as part of their pitch to students. (PS, I doubt that a parent with a child at UC Berkeley would not know the correct spelling of that town.)
821- The whole system got out of control 2 decades ago. People like Mitt Romney offshored good paying jobs by the tens of thousands, and young people saw this and realized that the only jobs that pay anything over minimum wage required a degree. People aren't borrowing $300,000 because they want to, it is desperation, panic because they feel there is no other way to survive. The corrupt department of education is also complicit in fostering a buddy buddy system between senators, lobbyists, and collection companies to jack up the costs and saddle anyone with enormous levels of debt that only 1% of the country could afford to ever pay back. It is basic math, the dollars never existed and never will exist. The bubble is popping.
Profit.