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ElbertoHokie

Joined: 01/01/2005 Posts: 8170
Likes: 4099

What's this?

Colleges are marketing to their customers.


It's a gigantic bubble and eventually this education bubble WILL pop.

Parents are huge part to blame too because many parents that went to college need to be telling their kids that if they aren't getting a specific STEM degree or aren't going to medical school, the debt they're accumulating probably isn't worth it anymore. The returns aren't there to justify $100k+ in debt and getting paid $35k per year with very little hope for large bumps in pay. Wage stagnation is a big issue but there's no way wages would ever rise as fast as college costs have.

Now those that say they'd never let their kid do that, I'm not a parent, but I'd imagine it's a lot harder to tell your child that they don't have the ability to do STEM so the conventional college path is not a good one than a third party would think.

(In response to this post by Stork)

Posted: 08/02/2018 at 11:17AM


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Current Thread:
 
  All you Orientation "pronoun" haters might appreciate this piece from the -- Stork 08/02/2018 07:32AM
  As an alum attending orientation -- Hokie Chuck 08/02/2018 1:08PM
  No drill Field? There goes the neighborhood -- 83Hokie 08/02/2018 5:22PM
  What was that about the drill field? ** -- Tafkam Hokie 08/02/2018 2:09PM
  A fee for orientation? Dayum. ** -- 48zip 08/02/2018 2:07PM
  The interesting thing will be colleges that are trying to meet quotas -- HokieGator 08/02/2018 11:46AM
  I plead insanity...wait -- TomTurkey 08/02/2018 12:16PM
  All your revisionist pronouns are belong to us ** -- TomTurkey 08/02/2018 11:46AM
  It's all been downhill since .. -- Beerman 08/02/2018 11:32AM
  Principles of Matlock was my fave ** -- Baltimore Hokie 08/02/2018 12:09PM
  Damn, I am so glad I don’t have to deal with them in the workplace -- 83Hokie 08/02/2018 11:30AM
  Colleges are marketing to their customers. -- ElbertoHokie 08/02/2018 11:17AM
  $100k of undergrad debt is -- Pylons 08/02/2018 1:38PM
  I'd be interested in what the median debt is. Remove those $200k outliers. ** -- ElbertoHokie 08/02/2018 2:50PM
  Well, average is like $35k -- Pylons 08/02/2018 4:42PM
  Average for new grads is $37K -- Tafkam Hokie 08/02/2018 4:18PM
  Yeah, my takeaway is that this is what happens when... -- MP4VT2004 08/02/2018 12:15PM
  Speaking from experience, it is easy to tell your child that -- Tafkam Hokie 08/02/2018 11:45AM
  By bending to suit their weaknesses these colleges do a disservice -- ModerateHokie 08/02/2018 10:11AM
  Excellent post... ** -- WestEndHokie39 08/02/2018 10:12AM
  Colleges are changing because academicians want to get paid... -- `lag 08/02/2018 09:14AM
  Look at proliferation of Deanships... -- One4VT 08/02/2018 09:26AM
  There is a lot more going on here than meets the eye -- `lag 08/02/2018 10:05AM
  Excellent post... ** -- WestEndHokie39 08/02/2018 10:12AM
  Looks like the inmates are running the asylum ** -- HokiesBill48 08/02/2018 08:01AM

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