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| reply to chgo_man99
Re: Complaining about work... said by chgo_man99:The country I come from (Poland) emphasized this kind of logic, education nearly everywhere. And its even worse than you might think. I think we're headed to the same thing. Education has become a big business. Mostly due to changes in bankruptcy laws which make student debt non-dischargable in bankruptcy.
This created a condition called "moral hazard." The lenders and educators have no risk. If they can get students to sign on the dotted line, the school has the money. The lender has the fees. And the student owns all the downside risk of an ineffective education. If they don't earn what they were led to believe, they can't start over by filing bankruptcy. They will pay those loans back for the rest of their life, through garnishment of tax refunds and even social security payments in old age.
The result has been an explosive growth in private education. Schools using predatory techniques similar to credit card companies when they received greater protection against personal bankruptcy.
I've met people who went to "Collins College" (or, whatever) and they're just as stupid as they were when they graduated from high school (and probably shouldn't have been allowed to pass). They only difference is, they're out $20k for an education in something like "Pharmacy Technician" which pays about $10 an hour. And, they can't get a job because they're still stupid.
This Frontline piece titled College, Inc. is a good presentation of what's happened.
IMO, a college diploma is becoming a de facto union card. Just a piece of paper you have to have to stay out of the low-paying minimum wage sector. There's no middle-ground. Minimum wage or pay the "protection money" to the newly-privatized education industry to get the credentials necessary for a crap job like Pharmacy Technician.
It's a self-fulfilling condition. As more people pay the protection money, the more credible the credentials become. Even if they're not accredited or transferable to a real degree. | | |
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2 edits | I just graduated college with student loan in grace period and no job yet. I gained diploma but I got to still study for some certifications to land job in sector I am looking for (network engineering). Or might have to start looking elsewhere which is not my dream job but there might be more entry level jobs in this field and pay more (like software engineering). Its actually little my fault because I started with with more comprehensive general degree (IT) and did not jump to specialized.
Whats worse, the public colleges in my area (Chicago) that charge less are not good and have classrooms overcrowded. I could have gone to 2 year community college, but generous 1 time big grant on my freshmen year lured me straight to 4-year college which i did not get in next year...
P.S Student with poor parents, who relied on student "aid" federal and state grants (not big), scholarships (not big) and both federal and private student loans. I went to private catholic university (DePaul). | |
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