How old is "too old" to go to grad school?

[garbon]

At any rate, perhaps I should have that last bit out as it is sort of a tangent.

[Ideologue]

So it is the worst debt because you can't get rid of it when you decide that your financial decision wasn't wise?

That sounds reasonable, all things being equal, no?

Also, I did explicitly say that all degree programs should be centrally managed to avoid oversupplies (and undersupplies, for that matter).  This would include STEM subjects like vet training, pharmacy training, and nuse training... all of which I've heard are on the verge of having their bubbles pop.

It is not or should not be the duty of the Department of Education to simply ensure access to everybody to higher education: the idea that this was a good thing was a myth based on bad economics, and ultimately its greatest success was highly unintentional, by removing 18-24 year old males from the general population and artificially supporting them during their four or five most potentially violent and antisocial years.

It should be the duty of the Department of Education to shepherd the workforce of the future and match that workforce to the economy as it exists.

[garbon]

That sounds reasonable, all things being equal, no?

No. I mean you already had the education. Now you don't want to pay for it?

Also, I did explicitly say that all degree programs should be centrally managed to avoid oversupplies (and undersupplies, for that matter).  This would include STEM subjects like vet training, pharmacy training, and nuse training... all of which I've heard are on the verge of having their bubbles pop.

It is not or should not be the duty of the Department of Education to simply ensure access to everybody to higher education: the idea that this was a good thing was a myth based on bad economics, and ultimately its greatest success was highly unintentional, by removing 18-24 year old males from the general population and artificially supporting them during their four or five most potentially violent and antisocial years.

It should be the duty of the Department of Education to shepherd the workforce of the future and match that workforce to the economy as it exists.

And we part ways. I don't think the Department of Education should do any of those things.

Why would it help the situation if we forced peopled into fields they were uninterested and possibly unsuited for?

[Ideologue]

How do you guys make these logical leaps?

I didn't say students should be forced into anything--except only to the extent that their choices should be constrained.

(Incidentally: I would also accept, grudgingly, a purely free market solution.  No loans but private loans, dischargeable in BK, and whatever schools and programs as that market can bear.  I feel like this would be a bad step back in terms of income inequality and probably less efficient than responsible central planning, but it would still be more efficient and less harmful than our current combination of the worst of capitalism and communism.)

On the narrower BK issue: if it really bothers you, then the degree can be revoked.  The closest analogy would be gambling debts--the gambler has already derived the psychic benefit from gambling, yet they are permitted to discharge their debts in BK.

[garbon]

How do you guys make these logical leaps?

I didn't say students should be forced into anything--except only to the extent that their choices should be constrained.

Presumably there would be students for whom they couldn't go into any majors they were interested in because there was an "oversupply", no? Sounds like it wouldn't be far off to say they would then be forced to either major in something they didn't want to - or I guess not go to college and hope the quotas were revised in their favor the next year?

[CountDeMoney]

(Incidentally: I would also accept, grudgingly, a purely free market solution.

Like how employers artificially suppress wages for decades, prohibiting the majority of grads with debt to reasonably deal with their loans once they've acquired employment.  There's your free market for you.



U.S. companies are holding on to $1.64 trillion in cash reserves,  they're not hiring, and wages have remained flat for decades.  But you want to blame the universities and the loan system.

[sbr]

(Incidentally: I would also accept, grudgingly, a purely free market solution.

Like how employers artificially suppress wages for decades, prohibiting the majority of grads with debt to reasonably deal with their loans once they've acquired employment.  There's your free market for you.



U.S. companies are holding on to $1.64 trillion in cash reserves,  they're not hiring, and wages have remained flat for decades.  But you want to blame the universities and the loan system.

garbon recently got a raise so your graph is useless.

[garbon]

garbon recently got a raise so your graph is useless.

I did?

[garbon]

But you want to blame the universities and the loan system.

Sure. Why did tuition jump nearly 80% in 10 years? Suddenly that much more costly to educate a student?

[sbr]

garbon recently got a raise so your graph is useless.

I did?

I guess not.  I have seen you make similar rebuttals to similar statements before though.

[sbr]

But you want to blame the universities and the loan system.

Sure. Why did tuition jump nearly 80% in 10 years? Suddenly that much more costly to educate a student?

Because the system is broken?

I assume someone else who cares more than me and is more sober than me will expand but the government throws money out to students who "need" the education/degree and the Universities act like any market that gets too much money injected into it.  Inflation, baby!

[garbon]

But you want to blame the universities and the loan system.

Sure. Why did tuition jump nearly 80% in 10 years? Suddenly that much more costly to educate a student?

Because the system is broken?

I assume someone else who cares more than me and is more sober than me will expand but the government throws money out to students who "need" the education/degree and the Universities act like any market that gets too much money injected into it.  Inflation, baby!

Those questions were rhetorical.

[garbon]

garbon recently got a raise so your graph is useless.

I did?

I guess not.  I have seen you make similar rebuttals to similar statements before though.

Oh okay.

[sbr]

But you want to blame the universities and the loan system.

Sure. Why did tuition jump nearly 80% in 10 years? Suddenly that much more costly to educate a student?

Because the system is broken?

I assume someone else who cares more than me and is more sober than me will expand but the government throws money out to students who "need" the education/degree and the Universities act like any market that gets too much money injected into it.  Inflation, baby!

Those questions were rhetorical.

Oh okay.

[garbon]

But you want to blame the universities and the loan system.

Sure. Why did tuition jump nearly 80% in 10 years? Suddenly that much more costly to educate a student?

Because the system is broken?

I assume someone else who cares more than me and is more sober than me will expand but the government throws money out to students who "need" the education/degree and the Universities act like any market that gets too much money injected into it.  Inflation, baby!

Those questions were rhetorical.

Oh okay.

Well they were. A counter punch to Seeds incredulity that Ide would complain about education.

A bit more grounded than your comments about my supposed raise at a company having layoffs.