| Author |
Topic:
$23k in financial aid and they still want another $18k a year [Locked] |
Cawlin  Posts: 1,759
Registered: 2005-2-22 07:58:42
|
Date Posted:
1/1/00 12:02am
Subject:
$23k in financial aid and they still want another $18k a year |
theredkay1 posted:
Cawlin posted:
theredkay1 posted:
The term 'bubble' doesnt make much sense when referencing college costs. College degrees are still pretty valuable. I havent really seen evidence that the cost of college is way out of line with the return on investment.
College is more expensive than it was, but the charged term 'bubble' is misleading as college costs really do not resemble the housing bubble, the dot-com bubble or the tulip bubble.
Something that always seems unexplored is the supply side of the equation. Rising revenues should pull more investment into the industry. Why isnt that keeping up?
We can mince around the semantics of it all day and night, but that's unimportant really. The bottom line is that the debt to prospective income ratio for college graduates is getting worse, and it's getting worse on both sides of the equation. Debt is growing on average, and the average prospective wage for recent grads is dropping... it's a double whammy.
Bottom line, yes a college degree is decreasing in REAL value in the job market - by virtue of a lot of factors, but that's just the truth of it.
Well, words mean things. I think the term 'bubble' misrepresents the issue and we shoudl avoid it here since we can use other words that are more accurate descriptors.
The average yearly income differential in HS and college graduates was over $20,000 in 2010. Thats alot. That kind of return implies the cost of college should be much, much larger than it is today.
I think we are handling college costs wrong but its worth noting that kids are still getting a really good deal.
Read this article to see a bit more of a dissection of that $20k/year figure. It's not exactly what you think it is.
One practical estimate puts the lifetime (40 year) earning differential for college vs. hs grads at more like $280k or about $7k a year when you factor in debt and numerous other factors. Give it a read. The picture is growing bleaker in terms of REAL numbers given the continuing decline in the value of that degree...
http://online.wsj.com/article/SB10001424052748703822404575019082819966538.html
-----signature-----
If ignorance were painful, half the posters here would be on morphine drips.
Everyone playing WoW knows everything about playing two classes: 1) their own and 2) Hunters
|
Cawlin Posts: 1,759
Registered: 2005-2-22 07:58:42
|
Date Posted:
1/1/00 12:02am
Subject:
$23k in financial aid and they still want another $18k a year |
reesescups posted:
I think one think that Eodoll (depending on his engineering field) hasn't realized yet - is that even high level engineering jobs are being off shored to the lowest bidder. This leaves a top heavy engineering staff on shore to manage the off shoring activities. This shrinks the engineering positions available on shore, which in turn allows for and creates a 'network' of qualified 'Good Ole Boys'. But Engineering is unique in that results and schedules matter a bit more than in other fields (generally speaking).
There are a lot of unemployed white males in their 40s in the engineering disciplines that would like to argue with you about the (bolded) statement.
STEM disciplines are the next in the bread lines.
-----signature-----
If ignorance were painful, half the posters here would be on morphine drips.
Everyone playing WoW knows everything about playing two classes: 1) their own and 2) Hunters
|
reesescups Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
|
Date Posted:
1/1/00 12:02am
Subject:
$23k in financial aid and they still want another $18k a year |
Cawlin posted:
reesescups posted:
I think one think that Eodoll (depending on his engineering field) hasn't realized yet - is that even high level engineering jobs are being off shored to the lowest bidder. This leaves a top heavy engineering staff on shore to manage the off shoring activities. This shrinks the engineering positions available on shore, which in turn allows for and creates a 'network' of qualified 'Good Ole Boys'. But Engineering is unique in that results and schedules matter a bit more than in other fields (generally speaking).
There are a lot of unemployed white males in their 40s in the engineering disciplines that would like to argue with you about the (bolded) statement.
STEM disciplines are the next in the bread lines.
I completely agree that STEM disciplines are the next in the bread lines.
The part you bolded goes towards results and schedules, which ties into experience. Which is why they are not already in the bread lines and why all of this might not have dawned on Eodoll YET...
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
eodoll Posts: 1,028
Registered: 2002-2-14 12:35:42
|
Date Posted:
1/1/00 12:02am
Subject:
$23k in financial aid and they still want another $18k a year |
|
ive seen jobs go offshore and i see a lot of ethnocentrism.
chinese managers tend to have chinese teams, vietnamese mamagers have vietnamese teams.. i dont know how they get away with it when its so blatant.
anyway, as far as jobs the demand is still higher than the supply and thats why many are going offshore.
few companies put their best priducts offshore because they generally come back as a quality disaster and off schedule.
|
reesescups Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
|
Date Posted:
1/1/00 12:02am
Subject:
$23k in financial aid and they still want another $18k a year |
eodoll posted:
few companies put their best priducts offshore because they generally come back as a quality disaster and off schedule.
Same was said about manufacturing 20 years ago...
The bugs are being worked out of the process for engineering level offshoring. Once the engineers over seas have a dozen or so projects under their belt, it will pick up a lot of steam.
Just advance up the ladder as quickly as possible and move into project or product management!
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
|
Brother_Tempus  Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
|
Date Posted:
1/1/00 12:02am
Subject:
$23k in financial aid and they still want another $18k a year |
oh the irony is that the dedicated 99%ers are mad that their educations are not allowing them the access to be 1%ers
-----signature-----
You win ACF, dude - Osmenthe
BT is usually right - Onslaught
i think we need more BT on page 1 - FighterUSAF
Yep, BT is right - Aerlinthian
Got guns & ammo? Food? Precious metals?
|
eodoll Posts: 1,028
Registered: 2002-2-14 12:35:42
|
Date Posted:
1/1/00 12:02am
Subject:
$23k in financial aid and they still want another $18k a year |
|
true. im not going to argue with something i agree about.
as of today though, ive seen jobs offshored to england where pay is even higher.
startups will stay local and big companies will probably invest more overseas.
one way to bring more jobs home is to allow companies to bring their overseas cash back home (as long as we say use it to reinvest and not pay huge bonuses).
PMs are offshored too- they are part of the dev team. marketing, sales and related engineers will stay local (pre/post sales engineer).
|
Kjarhall Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
|
Date Posted:
1/1/00 12:02am
Subject:
$23k in financial aid and they still want another $18k a year |
Brother_Tempus posted:
oh the irony is that the dedicated 99%ers are mad that their educations are not allowing them the access to be 1%ers
-----signature-----
You're a crazy moron*
*http://vnboards.ign.com/outpost/b22180/115147923/r115151508/
hah! true story tho i'm a woman an i even love boobs..how can you not??- HallowEve
|
Elkad  Title: aka Ebenezer
Posts: 407
Registered: 2003-9-11 22:20:55
|
Date Posted:
1/1/00 12:02am
Subject:
$23k in financial aid and they still want another $18k a year |
College costs are going to impact the housing and job markets as well.
Retirees expect to sell their big houses. But the buyers will all be stuck with a bunch of college debt instead.
-----signature-----
"I would rather be exposed to the inconveniences attending too much liberty, than those attending too small a degree of it." - Thomas Jefferson
|
|
