Comment on Millennials are watching monthly student loan payments skyrocket from $500 to $5000 under Trump: This will ‘crash the economy’

selokichtli@lemmy.ml ⁨5⁩ ⁨weeks⁩ ago

• stoly@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

  There are no cheaper schools. There are expensive ones and more expensive ones. There is literally no option for the non-rich except to go into debt or learn to be a plumber.

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  • cheers_queers@lemm.ee ⁨5⁩ ⁨weeks⁩ ago

    learning a trade should be more encouraged, you can make a shit ton of money (relatively) without the debt

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    • suite403@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

      True, but that isn’t an option for everyone and we still need scientists and doctors and such.

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      • cheers_queers@lemm.ee ⁨5⁩ ⁨weeks⁩ ago

        oh i know but college shouldn’t be the default. i work in elementary and they have college posters up in the halls.

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    • stoly@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

      True, but that might take you 10 years to get to a point where you’re no longer the new person and have skills to back it up.

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      • cheers_queers@lemm.ee ⁨5⁩ ⁨weeks⁩ ago

        that goes for any skilled labor. doesn’t make what i said any less true.

        also, there are paid apprenticeships with unions if you look.

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      • Zoot@reddthat.com ⁨5⁩ ⁨weeks⁩ ago

        Not sure what trade you guys do, but by the 2 year mark as an electrician I was hardly considered a new guy, and had most of the skills required. The next 8 years was learning every edge case that could pop up.

        By year 5 though I was easily fine all out on my own. Most journeyman only need about 4 years of experience, and they’re qualified to go start their own company.

        No debt, little schooling, all of which was paid for by my companies, and an extremely valuable life skill. (Not to mention i get paid extremely well) Join a trade kids.

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    • Mirshe@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

      This isn’t even true in a lot of places now. If you have a college nearby, expect your local trade school to have tuition similar to that college.

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    • ZILtoid1991@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

      Yes, but only because of shortage of people in that field, and good luck working in it as a disabled person! Most likely you’ll work under someone else, and that’s not like helping your father do gardening work, so there will be hard quotas and deadlines.

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• Leeks@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

  Children are told that they MUST go to college to get a stable and high paying job. This is so prevalent that college degrees are just seen as “the next step after high school” and nobody questions it. These colleges have figured out they can charge almost anything because they are seen as the gate keepers to high paying and stable jobs. So banking on future earnings, bearly emancipated teenagers, with the absolute minimum of a financial education, make life decisions that will put them in debt for the next 20-30 years.

  The problem with the whole system is there doesn’t appear to be enough high paying and stable jobs.

  As far as going to a cheaper college, I think you identified the issue in your very own comment. Schools have different prestige levels. Yale, for example, is a high prestige school and not only are you paying for an education, you are also paying to connect to rich people. These connections can be worth a lot of money if they are used correctly. So going to a cheaper college also means less valuable connections.

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  • qarbone@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

    Even beyond connections, just the sticker on a resumé that says “<prestige school name>” means you’re less likely to get shunted into the shitter with 95% of other applicants, if you don’t already have an “in” that cuts past the resumé stage.

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    • selokichtli@lemmy.ml ⁨5⁩ ⁨weeks⁩ ago

      Is this an intuition, or is it a known fact? Why would people do this? Do universities teach people to discriminate this way? Where do employers get these ideas? Is it something that permeates the whole society, or is it focused to applicant selection? Sorry for the many questions, I appreciate your response.

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      • qarbone@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

        As a Millennial (and now an adult), I will preface that I’m out of touch with the youths, so I don’t know their perspective on colleges now. But it is common societal idea in the US. No company will openly put out notice that they are discriminating but the prestige US schools are more rigorous in their application screening and get more money, and so are expected to have more rigorous curricula/standards and better teaching. It has shifted so that non-Ivy League schools were becoming recognized in their fields for various subjects. But that just adds them to the “Prestige” category for those in the know.

        When people look at a resume, it’s sorted into “Prestige” and every other university. And prestige will take your further.

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  • humanspiral@lemmy.ca ⁨5⁩ ⁨weeks⁩ ago

    UBI is a much better policy that “subsidizing loans just for college”. It helps all young people more than old, letting them choose a future that is best for them, while stiill making college an affordable choice. It makes college pricing more competitive, instead of trapping people too young and foolish into a path they can’t know enough to be a trap.

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    • UltraGiGaGigantic@lemmy.ml ⁨5⁩ ⁨weeks⁩ ago

      The future of UBI is what happened to the minimum wage.

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      • humanspiral@lemmy.ca ⁨5⁩ ⁨weeks⁩ ago

        UBI is mainly the signficiant power redistribution to people and workers. Minimum wage laws can be removed, and instead of a system where it is illegal to offer you a certain wage, while somehow unpaid internships are permitted, you gain the dignity of refusing work while waiting for better.

        It is only gross power imbalance that makes you fear your employer would pay you less if they could legally, and a psychological trap that clings to the bandaid on your slavery that is minimum wage laws.

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  • fluffykittycat@slrpnk.net ⁨5⁩ ⁨weeks⁩ ago

    The problem is that employers are allowed to demand a college degree without having to shoulder any of the costs associated, so they are the real consumers of the degrees and the students are just the middle men who bear the cost. They get entitled especially during the sessions too demand degrees for jobs that don’t require them really and then that shifts education priorities for the whole country. If we regulated educational and certification requirements for jobs we can make this problem go away

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  • 13igTyme@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

    That’s one of only good things about Florida. The colleges on average are significantly cheaper than anywhere else, and Florida is still ranked number 1 on US News for college education when looking at every single college combined.

    So basically get a good affordable education and then move the fuck out of Florida.

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    • fluffykittycat@slrpnk.net ⁨5⁩ ⁨weeks⁩ ago

      Although the governor is doing everything in his power to make sure that is not the case.

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  • selokichtli@lemmy.ml ⁨5⁩ ⁨weeks⁩ ago

    So, basically, as a regular (not rich) young person, you are aiming for a higher chance to connect with rich people in order to get a job/business that will probably get you enough money to cash on the “investment” made by getting an otherwise potentially for-life debt? Huh, rings a bell here. Thank you.

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• ickplant@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

  I went to a really cheap school. My master’s was 40k.

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  • DarkSurferZA@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

    40k? In USD or in Warhammer? Cause that’s a shite ton of money for college.

    What did you study btw?

    Also, I am great full to live in a shit hole country right now given that bill

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    • ickplant@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

      Social work. And it’s laughable considering that social workers and mental health professionals generally don’t make a lot of money. I have no regrets getting it, just wish it was cheaper.

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      • fluffykittycat@slrpnk.net ⁨5⁩ ⁨weeks⁩ ago

        The minimum wage should be multiplied for every additional level of Education you need. Like say if you need an Associates it’s 1.5 for a bachelor’s degree it’s 2.5 for a graduate degree it’s 3 times the base value which would apply to high school or less work only.

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      • selokichtli@lemmy.ml ⁨5⁩ ⁨weeks⁩ ago

        Underappreciated work, but thank you so much for doing it and for involving yourself in further education, more so knowing the costs.

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    • brendansimms@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

      40kUSD is nothing compared to some STEM degrees - especially at the masters level. PhDs can often be funded and not cost the student though (only in lost time…and mental health…)

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  • boneyards@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

    My bachelor was around 12k and if I did it faster it could have been cheaper. Wgu does it based on term not credit hour. The more courses you pass in a term the cheaper it is overall.

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    • ickplant@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

      There was literally no way for my master’s to cost less, so I am not sure what your point is. It’s a minimum 2-year program. It’s how it’s designed. Not all degrees are like that, but in my case I paid the least amount possible already.

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      • boneyards@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

        Letting you know there are cheaper schools depending on your degree

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• fluffykittycat@slrpnk.net ⁨5⁩ ⁨weeks⁩ ago

  There are no such thing as cheaper schools. They got rid of that because they were angry college students protested the Vietnam War. So now getting an education means doing business with the worst loan shark you’ve ever heard of, legally protected from bankruptcy. The thing you have to understand about America is that everything is a scam. Like healthcare or housing or a child care and a bunch of other things I’m not even thinking about

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• vext01@lemmy.sdf.org ⁨5⁩ ⁨weeks⁩ ago

  Same as in the UK I imagine. No university is affordable. Unless you are rich, you can’t go without a loan.

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• IMALlama@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

  Three things going on:

  1. Schools are expensive because the amount of public funding to universities has been slowly shrinking over the past 60 years. College in the US back in th 1960s was very cheap.
  2. Student loan amounts due did not change, but income based repayment options did which means people’s minimum payments went up
  3. Students in the US were told college is the only career path for the past 40-50 years. This obviously isn’t true and is why we have trades shortages. In many cases, that’s also all the advice people received. There was no coaching for what kind of degree to pursue or what field to angle for, so a number of people got expensive degrees that didn’t have good career prospects. To be completely honest, I lucked into choosing engineering because of my interests and the interests of my friends

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• TimewornTraveler@lemm.ee ⁨5⁩ ⁨weeks⁩ ago

  there are no cheaper schools.

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  • boneyards@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

    See my response to another comment about wgu

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• deathbird@mander.xyz ⁨5⁩ ⁨weeks⁩ ago

  The appeal is that you get to go to college. “Why not go to a cheaper school?” “Why don’t you just get a job?” “Just buy a starter home.” "Why don’t they eat cake instead?’

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