Democrats help Colleges and Universities sell kids Useless Degrees with no Market Value

Posted by PITHOCRATES - December 29th, 2013

Week in Review

All you hear from Washington is that we need to spend more on education.  We need to help more kids afford a college education.  To help subsidize the high cost of education.  Though they never question why the cost of education is so high.  Never.  Tuition keeps going up.  And they keep saying we need to spend more on education.

More people than ever are going on to college.  Because it’s a lot of fun.  Drinking and partying.  The drugs.  The sex.  Kids love getting out from underneath their parent’s supervision.  And going to a party college.  Where they can have a good time.  All of the time.  Of course, taking tough majors could get in the way of that fun.  Like math and science majors.  The kind of majors businesses are hiring out of college.  But these majors are hard.  And do intrude on that fun.  So a lot of kids take easier majors.  They still pay a fortune for them.  But their universities and colleges gladly take their money knowing full well that their odds of getting a job with that major are slim (see Duke Grad Student Secretly Lived In a Van to Escape Loan Debt by Mandi Woodruff, Business Insider, posted 12/27/2013 on Yahoo! Finance).

Yahoo editors have selected this article as a favorite of 2013. It first ran on Yahoo Finance on June 10 and was one of the most popular stories of the year. The article details the extreme lengths Ken Ilgunas went to in order to pay back his big student debt bill.

By the time Ken Ilgunas was wrapping up his last year of undergraduate studies at the University of Buffalo in 2005, he had no idea what kind of debt hole he’d dug himself into.

He had majored in the least marketable fields of study possible — English and History — and had zero job prospects after getting turned down for no fewer than 25 paid internships.

“That was a wake-up call,” he told Business Insider. “I had this huge $32,000 student debt and at the time I was pushing carts at Home Depot, making $8 an hour. I was just getting kind of frantic.”

Back then, student loans had yet to become the front page news they are today. Ilgunas could have simply deferred his loans or declared forbearance. He also could have asked his parents (who were more than willing to help) for a leg up. He could have thrown up his hands and gone to grad school until the job market bounced back.

Instead, he moved to Alaska and spent two years paying back every dime. And when he enrolled at Duke University for graduate school later, he lived out of his van to be sure he wouldn’t have to take out loans again.

Ken’s story is a little different as he really wanted to be a writer.  And he took whatever job he could to repay his student loan.  And then earned his master’s without another student loan.  But there are so many kids who are enticed to take on great student loan debt to earn a degree that has little market value in a high-tech economy.  And our colleges and universities sell these degrees to these unsuspecting kids.  They get their money.  Allowing tenured professors and college administrators to live the good life.  While these kids are stuck paying off their debt with their $8/hour jobs that they could have gotten without that expensive college degree.  Or taxpayers end up paying for them.  With taxpayer-subsidies.  Or student loan bailouts.  Which may be coming if Democrats get their way.

Our colleges and universities are slinging these useless degrees for the money.  For higher education is a business.  And a profitable one.  The one type of business that the left doesn’t mind making a profit.  Even an obscene profit.

The Democrats help them with cheap student loans, subsidies and the promise of bailouts to keep that money flowing to them.  And in exchange they teach our kids how to be good Democrat voters.  Which they do.  As the vast majority of our young vote Democrat.  Even when they have to repay their student loans with their $8/hour jobs.  But that may change.  As more of them can’t find work with their expensive degrees they may dissuade their friends and younger siblings from making the same mistake.  Especially as they now have to deal with the high cost of the Affordable Care Act.  Which may be the tipping point for the young.  For as much as the Democrats say they are looking out for them their lives just don’t get better when Democrats win elections.

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Useless College Degrees leave Graduates with Massive Debt and Unmarketable Skills

Posted by PITHOCRATES - December 16th, 2012

Week in Review

The Left wants to provide free college education for everyone.  They’ve even taken over the student loan program.  And talk about making more funding available to states to help kids afford the one thing that grows more costly than health care.   And kids are going to college in record numbers.  And when many of these kids graduate they can’t find a job.  Why?  Because they’re getting useless degrees for that massive student loan debt the government encouraged them to borrow.  Degrees requiring little math or science (see Don’t Bother Earning These Five Degrees by Terence Loose posted 12/13/2012 on Yahoo! Education).

Unwanted Degree #1 – Architecture

Unwanted Degree #2 – Philosophy or Religious Studies

Unwanted Degree #3 – Anthropology or Archeology

Unwanted Degree #4 – Area Ethnic or Civilization Studies

Unwanted Degrees #5 – Information Systems

Architecture does require some math.  And it’s not that easy.  But it’s on the list because of the government’s massive real estate bubble that exploded into the subprime mortgage crisis.  The whole construction industry being in the toilet because of the government’s pressure to qualify the unqualified for mortgages.

Every other unwanted degree on the list is a worthless degree.  None of them have any market value in a high-tech economy.  Not one of them will build a better iPad.  A better smartphone battery.  Or find a new miracle drug that will help ease the cost of our aging population.  So why do kids get degrees in these fields?  Because their workloads are lighter than in degree programs that require math and science.  Leaving more time for having fun the first time these kids are out from under their parent’s supervision.

The Left wants to help these kids with degrees that won’t get them a job.  By forgiving their debt.  Which is probably the worst thing that we can do.  The colleges who gave them these degrees should refund their tuition for selling them a defective product.  The American people shouldn’t pick up the tab just so college professors and administrators can earn large salaries and generous benefits.  Especially when they are teaching our kids an anti-capitalist curriculum.  Which is primarily responsible for the anti-business climate in this country today.  Giving us our high unemployment rates in the first place.

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