The College Bubble 2.0

[Shami-Amourae]

https://www.youtube.com/watch?v=5xUE9APDqWg



To date, CrushTheStreet.com's most watched video was our March 2014 "College Bubble." Today, we'd like to update everyone on this upcoming crisis that's affecting America's youth, with the release of our brand new mini-doc, College Bubble 2.0. In just one year, loan debt is up nearly 30%. An extra $200 billion has been doled out by our government in the name of helping high school graduates further their education. But at this point, extra funding is backfiring. Half of young graduates are either unemployed or only working part-time, which is a startling sign that the jig is up. In conjunction with the poor economy, new technology, developing markets killing jobs, and the massive increase in applicants with degrees, the value of college degrees is drastically falling in the economy of today. College is in a bubble, and it is going to pop soon.

[gunDriller]

i tried to take a science class at the local junior college.

i ended up asking for my money back, and got it.

it was like science as taught by the TSA.

i was threatened with expulsion because i insisted on bringing a significant
industrial dust / smoke max to class. i am sensitive to them because of a
mistake i made when i was younger and learning stone-carving.


side-stepping the JC's amazing need to clamp down on "Dissident students" who
feel a need to augment the instructor's health and safety measures,
it was also striking how they tried to Maximize Revenues when their
students come from a genuinely poor county.

For example, the school bookstore charged $220 for the textbook. online it
was new for half that.

also, the most expensive tuition i've ever been charged. about $500 for a 4
unit science class - at a JC.

in Santa Rosa, which I think is one of the best JC's in the US (santarosa.edu),
a 4 unit class is about $120. one of the benefits of being enrolled their was
being able to purchase Adobe Master Collection for $500 and change.


anyway, a wierd paradox, the wealthy community with the good JC is just
plain much more affordable than the local JC.

the general direction of the scam is, they convince students that there are
PLENTY OF JOBS ready for them if they pile on the student debt.

it was not a pretty profile of secondary education.


i'm not down on JC's in general. one of the most gifted guys in the 3D world,
Dan Gregoire at Halon, went to a JC in the midwest and i could only speculate
what his billing rate is. Since he can draw as fast as a movie director can talk,
Dan is very valuable in the Pre-Viz world, the team that works with the director
to sketch out the storyboards and other guiding documents for film direction.


i think the number for cumulative student debt in the US has passed $1 Trillion.

i road up on the chairlift with a guy who was about 22 a few years ago. he owed
$30K because of time at the local 4 year college, which is where students often
go for the last 2 years.


so what is the solution ? where is it heading ?

JUBILEE, i say :)

[Shami-Amourae]

Interesting discussion on college on /pol/
http://archive.4plebs.org/pol/thread/59720571/#59745475

[Shami-Amourae]

http://img.4plebs.org/boards/pol/image/1449/65/1449651299526.jpg

[Jewboo]

http://thesource.com/wp-content/uploads/2014/05/black-college-grads.jpg


:rolleyes: dey ain't gonna pay off any student loans

[Shami-Amourae]

Related:

https://www.youtube.com/watch?v=geSWUhomSWU

[Cebu_4_2]

Schiff pretty much dropped out of sight.