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  1. #26
    Thailand Expat OhOh's Avatar
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    Did you ever think it would go anywhere different? Another wheeze for the bankers from their bought and paid for politicians. If society can't recognise the value of an educated community they deserve their just rewards.

  2. #27
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    What a crock. I graduated with a 4-yr (then the norm was 3-yrs) degree in the 80s; my tuition loans totalled about $13K (the Cdn govt turned it over to a bank 6 mos after I graduated). During uni, I worked wkends & summer making $2.25/hr (plus fab tips); my rent was $275/mo, I drove a beater 67 Chevy and gas was mebbe $5 to fill the tank. So, with inflation, current basic hourly wage of $10, etc, WTF? Pct wise, it's about the same, innit? I never got angry that most of the kids were lazy feks bankrolled by ma & da. It took me about 10yrs to pay it off and I was working overseas.
    I remember a 60s-70s movie where a guy (Elliot?) is a uni student, he's meeting someone having tea at the student cafeteria and he asks for some of his hot water so he can have tomato soup made outta ketchup.
    I do agree with Barbaro about the govt student loan system. The unis demand more (and now a reg degree is 4 yrs, up from 3), the govt gives more.

  3. #28
    I don't know barbaro's Avatar
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    An article out today:

    Please read and comment. Post a snippet if you like.

    The amount of Student loans has hit the $1 Trillion mark as expected, and has surpassed credit card and auto-loans.

    Student Loans: Debt for Life - Businessweek

  4. #29
    I don't know barbaro's Avatar
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    We must do away with the absolutely specious notion that everybody has to earn a living. It is a fact today that one in ten thousand of us can make a technological breakthrough capable of supporting all the rest. The youth of today are absolutely right in recognizing this nonsense of earning a living.

    We keep inventing jobs because of this false idea that everybody has to be employed at some kind of drudgery because, according to Malthusian-Darwinian theory, he must justify his right to exist. So we have inspectors of inspectors and people making instruments for inspectors to inspect inspectors.

    The true business of people should be to go back to school and think about whatever it was they were thinking about before somebody came along and told them they had to earn a living.

    - Bucky Fuller, 1970

    Frank Zappa - "If you want to get laid, go to college. If you want to learn something, go to the library."


    ............

  5. #30
    Thailand Expat Black Heart's Avatar
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    Delinquencies are SLs are up. 13+% over 90 days behind.

    Graph at link here: Americans are having more trouble paying off their student debt than their houses - The Washington Post


    Americans are having more trouble paying off their student debt than their houses


    Article: Americans are having more trouble paying off their student debt than their houses - The Washington Post

  6. #31
    Thailand Expat Black Heart's Avatar
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    Here's an update, 13 months later. These are bad numbers. I wonder if the MSM will report more on it.


    Barely Half of Student Loans Are Being Repaid
    Defaults Are Up, Again

    Preston Cooper
    Wednesday, March 23, 2016


    The US Department of Education's new data on the status of outstanding student loans show that outright defaults are up. However, their press release — and much of the accompanying media coverage — instead played up a decline in loan delinquencies. The increase in defaults is worrisome and needs to be addressed by Congress.

    The total amount of outstanding direct student loans stood at $855 billion at the beginning of the first quarter of 2016, distributed among over 30 million recipients. (This total does not include loans still outstanding under the now-discontinued FFEL program, which guaranteed private-sector student loans.) The total direct loan amount outstanding is up roughly 15 percent over a year ago, doubtlessly the result of relentless tuition increases.

    Excluding student loans owed by borrowers currently in school or in their six-month grace period, 46 percent of student loans are not currently being repaid. Ten percent of student loans are delinquent, meaning the borrower has missed payments for thirty days or more. Another 13 percent are in deferment, which means payments have been postponed for various reasons. Another 14 percent are in forbearance, meaning the borrower has encountered economic hardship and had their payments suspended or reduced.

    The remaining 8 percent are in default.

    Fifty-four percent of loans are currently in repayment, up slightly from 51 percent at the same point in 2015.

  7. #32
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by DrB0b
    Forget student loans. Forget private payment. Go back to restricted entry (based on ability) and competitive scholarships, at least that way only the best and brightest will get into university. If that were to happen a degree might actually be something worth having. A university should be a national resource, not a business, and education should be seen as something greater than just preparation for employment.
    Unfortunately the kids who were not accepted, due to low grades, then start looking for a job. There doesn't appear to be many jobs for the young at all. Even bar tenders, waiters and arse wipers now need a degree. The unemployment figures then may rise, they of course could be massaged down by a competent governmant agency.

    Quote Originally Posted by Muadib
    Ahh, more socialized services funded by the tax payer... No thank you.
    Society is the winner from an educated population. As most degrees can in fact lead to more tolerant citizens, higher wages thus the government taxes increase and thus society can decide to spend the money where it wants. rather than being told by ALL governments we cant spend it on xxx because we nee to buy some more bombs, bullets and billion £ aircraft carriers. Because we have just created another group who we are very, very afraid of.

    Quote Originally Posted by Muadib
    I can't imagine how bad colleges & universities would be if the government ran the show...
    They are doing it now. Who decides the curriculum, who funds the research projects, who provides the scholarships? If not directly from government agencies the funds come from those companies permanently attached to the government teat.

    Quote Originally Posted by sabang
    but ultimately it is an investment by society in it's own future.
    Exactly.

    Quote Originally Posted by GooMaiRoo
    In the USA, college degrees in accounting, environmental engineering, computer animation, nursing, education and pharmacology all come to mind.
    Are you suggesting the in country educated applicants have a cheaper charge out rate, that selection is based on examination scores or is it the jobs you quote are already overseas because the job rate is cheaper overseas.

    Of the listed occupations only two demand in country presence, nursing and, possibly, education. All the rest are global services which can be performed in Timbuktu if desired.

    Quote Originally Posted by barbaro
    I think there are many benefits to getting a degree. Most of the benefits are not financial. I've always felt this way.
    Agree, leaving the nest and experiencing a new environment allows children to turn into adults more easily/quicker. Unless mum and dad continue to force a childish behaviour.

    A UK perspective.

    The UK has adopted the same student loans system as the USA, I don't know if the EU in general have. Students pick and choose a degree, universities have expanded but focus, by management decree on foreign students, as the fees charged to them are much higher and hence more profitable for the university. This allows freedom of choice for the student to select a course they wish. Trying to persuade a child to select, what parents might perceive as, a better course is impossible. UK students are very aware of their status in law and will do as they please.

    This can lead to poor study focus Now I believe some students change courses mid stream and receive additional "loans" to help cover expenses. There are also reports of students finding a "Financial resource"/sugar daddy who helps pay the students outgoings for personal favours.

    When students leave university jobs are not always readily available for many reasons. The idea of selecting a job one knows will always be available, has gone along with the Dodo. As the student loan repayments only kick in, once a threshold salary has been reached, many students don't start repayment for a few years. This causes the interest on the loans to rise and makes the consequent repayment time longer. Ultimately what I was purchasing as a newly qualified student is very different to newly qualified students purchase know. Home creation is put back 5 or 10 years, household goods equally so. Credit ratings indicate outstanding student loans which can affect credit availability.

    All good news for the politicians and bankers, society not so much. That's without the reduction in wage rates due to globalisation of production and massaged inflation figures.

    Having said that I know newly qualified teachers, who work in UK tax payer funded schools, do receive assistance in a variety of ways. Cheaper mortgages, some loan reductions etc.
    Last edited by OhOh; 29-03-2016 at 02:56 PM.
    A tray full of GOLD is not worth a moment in time.

  8. #33
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    This is a very good piece on Common Core. It is a revamped mannequin of the No Child Left Behind Act.

    Very interesting. Federal control over local education, standardized testing, and dumming down and holding back our children.

    https://www.youtube.com/watch?time_co...&v=XhdvRx_lmkg

  9. #34
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    I've been reading about Common Core from educators, parents, and people in the "Education Industry."

    IMO, Common Core will fail withing 4-9 years (hopefully sooner).

    Some articles on Common Core.

    What is Common Core?
    http://www.corestandards.org/about-t...ked-questions/


    Why Common Core will be declared a Failure:
    Why the Common Core Will Be Declared a Failure - Top Performers - Education Week


    Results are in: Common Core fails kids.
    Results Are in: Common Core Fails Tests and Kids


    The Trouble with Common Core:
    Editorial: The Trouble with the Common Core

    The Real Rational for Common Core and why it's failing
    https://dianeravitch.net/2015/11/17/...it-is-failing/


    A mother shows a math question to the community board:



    This link below shows a brief video of David Coleman, the "architect of Common Core" instructing teachers on how to teach MLK's "Letter from the Birmingham Jail."

    Many experienced teachers say Coleman would never last a minute in a real classroom.

    It can take 6-8 days to teach the "Letter from the Birminham jail?

    Video: http://vimeo.com/27056255
    Last edited by Cold Pizza; 22-06-2016 at 04:55 PM.

  10. #35
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    ^ Some of the common core math aimed at teaching children to round up or down to easier numbers in order to do math in their head is not an entirely bad thing.

    The ability to do mental math is not only a sign of intelligence, it can prevent being short-changed and make any decision involving numbers easier. Picture yourself talking numbers with a car salesperson on a car lot, or any other salesperson without a pad and paper.

    This is not to defend the nonsense that has invaded so much of Western Education as a whole, but just the ability to learn and practice mental math.

  11. #36
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    Quote Originally Posted by BobR View Post
    ^ Some of the common core math aimed at teaching children to round up or down to easier numbers in order to do math in their head is not an entirely bad thing.

    The ability to do mental math is not only a sign of intelligence, it can prevent being short-changed and make any decision involving numbers easier. Picture yourself talking numbers with a car salesperson on a car lot, or any other salesperson without a pad and paper.

    This is not to defend the nonsense that has invaded so much of Western Education as a whole, but just the ability to learn and practice mental math.
    BobR,

    In the 4th grade I did my multiplication tables, and we already did adding and subtracting before.

    One example:



    Please watch this that I posted above:

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