Quote:
Originally Posted by bing
How many of these people who are in debt actually got decent grades or didn't take something useless? I am assuming that these are the sub par students or ones that got majors in art history, english, religious studies, or philosophy. In that case, I don't know how much people can sympathize with them. One of my cousins from the U.S. is looking for internships right now, and every single employer wants at a minimum a 3.0 GPA just to get an interview, which I think is actually very achievable for most people, yet it is surprising the number of people who graduate with mediocre grades. So the point is, college degrees shouldn't be treated as equal or as a guarantee of a decent job. People should seriously consider what their gonna major in or whether they should pursue a degree at all especially if they don't try. The banks didn't force them to take the loans.
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What does that have to do with anything? I mention some information about how the student loan system has changed to become a money making machine off of students, and you talk about how they don't deserve the mention, because they didn't take what you want them to take.
I get, that job prospects for philosophy majors aren't the same for nursing, or business degrees. I'm there. BUT-regardless of what you take, people now are hearded into post-secondary. Something has shifted that mind frame in the population.
And I think, in today's world, you are going to have a hard time as a street smarts guy with life experience, sitting next to a guy with a degree. Why? Because if the guy doing the hiring is a grad, then he is going to respect his own.
But that even has nothing to do with the point of what I posted!
As I said before, I didn't know what to make of the wall streeters. I did research-very light reading, and I found some things that make me think. This is one of them. You have a group of people that keep bringing up their student loans.
Why? They are under water. Just the same as the housing crisis. People bought houses, under the assumption that they will always improve in value. People bought educations, assuming they would increase in value.
Yes-they made the choice, but come on, if you walk around all day not doing anything because it *may* not work, then you are going to be the homeless guy I call Shuffles in my neighborhood. He has gone through life not taking risk. He now smells.
They are pissed! I get it. I may not agree with every single protester. And the people that want to take them down can find video of that one guy spouting off about something that most people think is out to lunch, and they re-broadcast that video as a sign of the illegitimacy of the movement.
The rules changed on people. When you sign up for a mortgage, no one really knew that it was going to be sliced, and diced and sold off as an investment by banks 1000's of miles away to people you've never met. No one knew that. NO ONE outside the incestuous little banking community.
No one knew that it was going to stretch so tight, and so out of sight of reality, that one little change can bring it crashing down.
And no one knew, when they signed up for a student loan that the money was going to cycle around and line the pockets of everyone involved. All they saw was that they really didn't have a choice.
And no one knew that when there was a problem, the fix was going to be giving a huge sum of money to the guys that made the mistake.
Think the student loan problem is US only? Same thing happens right here.