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    Just How Hard is University to Overcome

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    • scottalanmillerS
      scottalanmiller
      last edited by

      https://www.bloomberg.com/news/articles/2018-10-17/the-student-loan-debt-crisis-is-about-to-get-worse

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      • scottalanmillerS
        scottalanmiller
        last edited by

        Saw this on a job requirement today.

        Education Requirement(s):
        
            Bachelor’s Degree with 6+ years OR
            Master’s Degree with 4+ years OR
            8+ years applicable business experience
        

        So if you assume that you started trying to work in the industry as soon as you graduated from high school and that you graduated at 18 (doesn't actually matter the age, the difference is the same)...

        Bachelor degree would require you to be 18 + 6 + 4 (minimum reasonable for a BS degree) = 28
        Master's degree would require you to be 18 + 4 + 6 (minimum reasonable for an MS degree) = 28
        High School only would require you to be 18 + 8 = 26

        So a two year penalty if you managed to do college at the assumed speed. If you took a more average amount of time to get through school, then the college path hurts even more.

        So even if the HS only grad wasn't paid at all for eight years and only did volunteer work, they'd still potential have a two year leap on the college grads, even if their college was free. But assuming that the one was paid to work those years, and the others paid for schooling, the gap becomes enormous.

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        • scottalanmillerS
          scottalanmiller
          last edited by

          shower-thoughts-are-a-real-mind-fck-20-photos-1.jpg

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          • scottalanmillerS
            scottalanmiller
            last edited by

            Youtube Video

            pmonchoP 1 Reply Last reply Reply Quote 1
            • pmonchoP
              pmoncho @scottalanmiller
              last edited by

              @scottalanmiller
              That was a pretty good video till the end. A nice walk through Sallie history.

              scottalanmillerS 1 Reply Last reply Reply Quote 1
              • scottalanmillerS
                scottalanmiller @pmoncho
                last edited by

                @pmoncho said in Just How Hard is University to Overcome:

                @scottalanmiller
                That was a pretty good video till the end. A nice walk through Sallie history.

                Yeah, I really liked that one, and good history that really no one is aware of.

                pmonchoP 1 Reply Last reply Reply Quote 0
                • pmonchoP
                  pmoncho @scottalanmiller
                  last edited by

                  @scottalanmiller said in Just How Hard is University to Overcome:

                  @pmoncho said in Just How Hard is University to Overcome:

                  @scottalanmiller
                  That was a pretty good video till the end. A nice walk through Sallie history.

                  Yeah, I really liked that one, and good history that really no one is aware of.

                  I only knew about half of what he mentioned. Nixon, like other past presidential ideas, didn't pay attention to the law of unintended consequences. Maybe they do and just don't care.

                  DustinB3403D scottalanmillerS 2 Replies Last reply Reply Quote 0
                  • DustinB3403D
                    DustinB3403 @pmoncho
                    last edited by

                    @pmoncho said in Just How Hard is University to Overcome:

                    @scottalanmiller said in Just How Hard is University to Overcome:

                    @pmoncho said in Just How Hard is University to Overcome:

                    @scottalanmiller
                    That was a pretty good video till the end. A nice walk through Sallie history.

                    Yeah, I really liked that one, and good history that really no one is aware of.

                    I only knew about half of what he mentioned. Nixon, like other past presidential ideas, didn't pay attention to the law of unintended consequences. Maybe they do and just don't care.

                    Other past? I can't think of any president, current one included that hasn't done something boneheaded.

                    1 Reply Last reply Reply Quote 2
                    • scottalanmillerS
                      scottalanmiller @pmoncho
                      last edited by

                      @pmoncho said in Just How Hard is University to Overcome:

                      @scottalanmiller said in Just How Hard is University to Overcome:

                      @pmoncho said in Just How Hard is University to Overcome:

                      @scottalanmiller
                      That was a pretty good video till the end. A nice walk through Sallie history.

                      Yeah, I really liked that one, and good history that really no one is aware of.

                      I only knew about half of what he mentioned. Nixon, like other past presidential ideas, didn't pay attention to the law of unintended consequences. Maybe they do and just don't care.

                      Well it was Clinton that caused the problem there. Nixon's Sallie-Mae creation was good. It was Clinton dissolving it that was the problem.

                      1 Reply Last reply Reply Quote 0
                      • scottalanmillerS
                        scottalanmiller
                        last edited by

                        20121017_23_600_674.jpg

                        DashrenderD 1 Reply Last reply Reply Quote 1
                        • DashrenderD
                          Dashrender @scottalanmiller
                          last edited by

                          @scottalanmiller said in Just How Hard is University to Overcome:

                          20121017_23_600_674.jpg

                          While there is truth there - it's not a fair comparison.. It's likely they spent $100K over 4+ years. So to balance that - you should compare 4 years of salary...

                          But yeah - it's pretty bad!

                          scottalanmillerS 1 Reply Last reply Reply Quote 0
                          • scottalanmillerS
                            scottalanmiller @Dashrender
                            last edited by

                            @Dashrender said in Just How Hard is University to Overcome:

                            While there is truth there - it's not a fair comparison.. It's likely they spent $100K over 4+ years. So to balance that - you should compare 4 years of salary...

                            But yeah - it's pretty bad!

                            Sort of, but how much you spend as a total is important, that it is over 4+ years makes it worse, not better. Showing it as a total makes it sound far better than it really is.

                            Because as worded, it sounds like it is purely "Buy a $40K job." But in reality, it's "do an unpaid job for 4+ years AND pay $100K while doing that" which is dramatically worse than just spending $100K.

                            1 Reply Last reply Reply Quote 4
                            • scottalanmillerS
                              scottalanmiller
                              last edited by

                              photo5100861383486056512.jpg

                              DustinB3403D 1 Reply Last reply Reply Quote 4
                              • DustinB3403D
                                DustinB3403 @scottalanmiller
                                last edited by

                                @scottalanmiller said in Just How Hard is University to Overcome:

                                photo5100861383486056512.jpg

                                Some people believe the Earth is flat and that Aliens are probing human butts, and they've gone to school!

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                                • scottalanmillerS
                                  scottalanmiller
                                  last edited by

                                  20128502_28_600_750.jpg

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                                  • scottalanmillerS
                                    scottalanmiller @scottalanmiller
                                    last edited by

                                    BBC News - India school-leaving exam: The controversy that cost 23 lives
                                    https://www.bbc.co.uk/news/world-asia-india-48050020

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                                    • scottalanmillerS
                                      scottalanmiller
                                      last edited by

                                      20132659_17_600_600.jpg

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                                      • scottalanmillerS
                                        scottalanmiller
                                        last edited by

                                        20126721_23_600_378.jpg

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                                        • 1
                                          1337
                                          last edited by 1337

                                          President Trump signs executive order emphasizing skills instead of college degree in federal hiring.

                                          Whut? Skillz? Why?

                                          JaredBuschJ 1 Reply Last reply Reply Quote 3
                                          • JaredBuschJ
                                            JaredBusch @1337
                                            last edited by

                                            @Pete-S said in Just How Hard is University to Overcome:

                                            President Trump signs executive order emphasizing skills instead of college degree in federal hiring.

                                            Whut? Skillz? Why?

                                            Well I totally agree with the concept, I’m sorry but I have zero trust in the federal government to execute.

                                            scottalanmillerS 1 Reply Last reply Reply Quote 2
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