University Education and Financial Security

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SUMMARY

The forum discussion centers on the financial implications of higher education, particularly the burden of student debt and the perceived value of college degrees. Participants highlight the disparity between tuition costs and post-graduation salaries, citing examples such as a $50,000 annual tuition at NYU leading to a $22/hour job. The conversation critiques the notion that a college degree guarantees financial security, emphasizing that many graduates, regardless of their institution's prestige, struggle to find well-paying jobs. The discussion also raises concerns about the accreditation of educational institutions and the responsibilities of both students and schools in the pursuit of higher education.

PREREQUISITES
  • Understanding of student loan structures and repayment terms
  • Familiarity with the concept of college accreditation
  • Knowledge of job market trends and salary expectations for various degrees
  • Awareness of the financial implications of attending private vs. public universities
NEXT STEPS
  • Research the impact of student loan debt on long-term financial health
  • Explore the differences between accredited and non-accredited educational programs
  • Investigate job placement rates and salary outcomes for graduates of various institutions
  • Learn about alternative education paths, such as trade schools and online certifications
USEFUL FOR

Students considering higher education, parents planning for college expenses, financial advisors, and policymakers focused on education reform.

  • #31
twofish-quant said:
they are actually supposed to teach you not to do stuff even when it's not in your interest to do it.

wait... what?
 
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  • #32
Medwell said:
The purpose of going to University is not, and never has been, "to get a job". It is "to learn". You choose a subject you like, and have the opportunity to spend a couple years studying it.

Yes, but historically the places of higher education were restricted, more or less, to the wealthier members of society. There was no real need to consider whether eduction would make one employable.

Now that the working and middle classes have entered the academic world, the question of whether or not one's eduction will be needed in the "working world" is of obvious importance.
 
  • #33
Andy Resnick said:
wait... what?

I meant their interest.

The problem is that you can't have it both ways. If you want an institution to be a center of "higher learning" then I think that would involve the university having some responsibility for informing the student what will work and what won't and for keeping students from debt even when that debt is in the universities interest.

If it's a purely commercial transaction that's different, but in that case universities shouldn't expect to be taken more seriously on social affairs than used car salesmen.
 
  • #34
twofish-quant said:
If it's a purely commercial transaction that's different, but in that case universities shouldn't expect to be taken more seriously on social affairs than used car salesmen.

For the most part, they aren't. To wit: "Ivory tower".
 
  • #35
Pengwuino said:
Wait wait, this is ridiculous. So if a country can't produce an Einstein, they are a failure? There has only ever been 1 Einstein, so good luck with that argument making any headway.

Secondly, you'll be hardpressed to find people who DONT think top US universities are over-priced and sometimes overrated.

I apologize. The claim is ridiculous. What I was trying to say was that the US and some European countries achieve similar education levels but those European countries achieve those levels at a lower cost.

In the past, I believed that people going to high-ranked universities were the best society had to offer. Today, I think people that attend those places are mostly trained themselves to attend those places in order to make a self-fulfilling prophecy true.

What worries me most is the perception that if you DO NOT attend these high-ranked universities then you must not be that "bright." This is a problem.
 

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