Quote from noob_trad3r:
At this rate, the average bachelors degree will cost 250K
I wonder how it will impact the economy when the next future generation will start out life with 250K in non dischargeable debt and jobs that only start out at 30K
Quote from oldtime:
if I had a kid today, I would tell him in high school,
you fail to evalutate the proper value of that education.Quote from piezoe:
This is not going to happen. The average bachelors degree may very well eventually cost 250K, but when we reach that point your entry level job will pay closer to 100K than 30K.
What we have going on right now is a combination of public education being moved, by the back door, to the private sector in small steps (a bad idea in my personal opinion) combined with inflation. Put these two trends together and you find that public institutions have just barely kept pace with real inflation, if that.
Private institutions are just that, private. They can charge whatever he market will bear, which is not without limit.
Quote from piezoe:
This is not going to happen. The average bachelors degree may very well eventually cost 250K, but when we reach that point your entry level job will pay closer to 100K than 30K.
What we have going on right now is a combination of public education being moved, by the back door, to the private sector in small steps (a bad idea in my personal opinion) combined with inflation. Put these two trends together and you find that public institutions have just barely kept pace with real inflation, if that.
Private institutions are just that, private. They can charge whatever he market will bear, which is not without limit.
it actually wasn't that funnyQuote from zdreg:
"The funny thing was, anybody that was a pilot in the South Vietnamese Army got an automatic job, no questions asked."
damn right considering how the US deserted their South Vietnamese allies.
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Quote from noob_trad3r:
That is incorrect.
Did wages double since 2010? College degree cost did but wages did not double, Average starting wages are just touching 2.5-3%
That is the problem, the College degree hyperinflation is totally disconnected with the economy.
Quote from noob_trad3r:
That is incorrect.
Did wages double since 2010? College degree cost did but wages did not double, Average starting wages are just touching 2.5-3%
That is the problem, the College degree hyperinflation is totally disconnected with the economy.