General Discussion

MichMan

(17,171 posts)

16. Anyone in several minutes could research what average salaries are for any degree

Mon May 16, 2022, 10:17 AM

May 2022

and figure out very quickly that borrowing $75k for careers paying an annual salary of $45k might not make sense.

One would think that anyone bright enough to go to college could easily take the time to do that. Instead we encourage them to follow their dreams, attend their dream college, and figure out how to pay for it later. It might as well be monopoly money.

Colleges know students will pay whatever they charge, so tuition keeps rising like crazy, and students keep borrowing.

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Ben Bernanke on forgiving student debt: [View all] Tomconroy May 2022 OP

🤦‍♀️ Ninga May 2022 #1

Mr Wall Street Bailout says wot Celerity May 2022 #2

I think the story goes he got down on his knee and begged Nancy for the bailout. Hotler May 2022 #10

That was Hank Paulson Poiuyt May 2022 #17

Thank you. Hotler May 2022 #57

Imagine thinking this system we put up with is "fair" in any way, or that it even makes it possible WhiskeyGrinder May 2022 #3

Funny I saw this OP because early this morning BumRushDaShow May 2022 #4

It isn't obvious to me why we would bail out doctors, Tomconroy May 2022 #5

Debt peonage HariSeldon May 2022 #6

I thought about what you're saying but I just don't see it Tomconroy May 2022 #7

There's (usually) a way out of a mortgage HariSeldon May 2022 #22

I wouldn't have a problem with modifying bankruptcy laws Tomconroy May 2022 #24

In mortgages you are forced to relinquish the property MichMan May 2022 #30

You can't sell your degree to another person or company and thus pay off your student loan. delisen May 2022 #31

When your house gets foreclosed, you don't get to live there anymore MichMan May 2022 #42

By federal law, ( 2005) few people are able to bankrupt out of student loan debts delisen May 2022 #53

So that more young minds can enter the professions? Doremus May 2022 #41

So what about teachers? I don't see riches in THEIR futures! 70sEraVet May 2022 #8

Certainly more deserving than doctors. Tomconroy May 2022 #11

I'm ambivalent on this issue PJMcK May 2022 #9

When I went to college at a state school in 1975, CrispyQ May 2022 #14

My so went to a University of California Caliman73 May 2022 #40

The show "Northern Exposure" was based on the premise of paying back. CrispyQ May 2022 #43

I liked that show. Caliman73 May 2022 #44

Anyone in several minutes could research what average salaries are for any degree MichMan May 2022 #16

"Many"? Try 26% How about the rest Ben? Fiendish Thingy May 2022 #12

Or Maybe Consider This: PBC_Democrat May 2022 #13

I ran into a friend at the store the other day Sympthsical May 2022 #15

I would think the young woman could take two years at a Tomconroy May 2022 #18

I don't think you can be an RN in most states without a 4 year degree anymore. Cuthbert Allgood May 2022 #20

That's what I meant. Two years at a community college and Tomconroy May 2022 #23

but it might wind up to be 5 years if all of the credits don't transfer. Justice May 2022 #27

Education has definitely become a racket. Tomconroy May 2022 #29

The title of your post is the most accurate assessment of the issue. Caliman73 May 2022 #45

Not true...you can take a two year accelerated course and take you boards...we have them here. Demsrule86 May 2022 #34

It was the first thing I told my friend Sympthsical May 2022 #25

Boomers all went to college for free ? MichMan May 2022 #26

The UC system was free Sympthsical May 2022 #33

I never lived in California, so it wasn't free for me MichMan May 2022 #38

Two words, Ronald Reagan Caliman73 May 2022 #48

Reagan hasn't been governor for 47 years MichMan May 2022 #49

The tax rates were set up around the same time, how many Presidents have rolled them back? Caliman73 May 2022 #51

My response was regarding California's state program you mentioned MichMan May 2022 #52

Same response. Caliman73 May 2022 #55

It took us 17 years to pay off my husband's loans. Demsrule86 May 2022 #35

Lots of truth here delisen May 2022 #36

USF is run by Jesuits TexasBushwhacker May 2022 #58

Why do we give welfare to those people that don't have enough money? Cuthbert Allgood May 2022 #19

We don't give welfare to people earning well above median incomes MichMan May 2022 #28

Don't have a real problem forgiving most undergraduate debt. Graduate school, is another matter. Hoyt May 2022 #21

I'm not convinced that 100% of student debt should be forgiven either In It to Win It May 2022 #32

It will further alienate blue collar voters from Democrats. SoonerPride May 2022 #37

I don't know how some families will be able to manage student loan payments with the current high liberal_mama May 2022 #39

Don't help anyone, lest someone be left out gratuitous May 2022 #46

Bernake and student loan debt lindalou65 May 2022 #47

People making "lots of money" GoodRaisin May 2022 #50

Maybe, but the bigger problem would be treestar May 2022 #54

Is it right to pay off student debt for people out of college, asa4ever May 2022 #56