http://i1257.photobucket.com/albums/...udentLoans.png

Just saw this posted and FB and thought it was relevant.

haha this is another one of those graphs that fools 99% of people who look at it

Isn't everything about fooling the 99%?

That wasn't actually my main argument. If the average US student spends 20k/yr on college and the average student of x nationality pays nothing but has the government pay 30k/yr to the college, x nation can hardly argue they have education figured out just because the students themselves pay nothing. I didn't really want to introduce the debate on whether people should pay for others to get college educations I was simply pointing out that using the amount students pay as the metric for the efficiency of a school system is pretty flawed.

Ever notice that when gov gets involved cost skyrocket? Maybe if gov stops backing loans or giving them, the cost of education would either fall or stop increasing at a greater rate than inflation.

How many go to a local school or 2 year school then transfer to a major college? How many attend an in state school also. Both these keep the cost of education down. Both my sons went to a community college first then transferred to a 4 year school. This saved us +120k. They also received as good if not better education and were able to work while staying home. This allowed them to build up their bank accounts.

I certainly agree this is the more fiscally responsible play, but for a lot of people, myself included, the $ you save for those 2 years just isn't worth missing Freshman/Sophomore year at a major college. I think those 2 years is when people learn and change the most and that seems limited at almost every CC setting. It's also the prime time to start making connections, both personal and professional, and those will continue to develop over all 4-5 years that you are there.

I also don't see how the education those 2 years could exceed a major university unless they are heading to an even less academic university afterwards -- there are dumber students/professors on average, less competition and much worse resources than your average university. I do think there are some benefits for certain types of people and students, though. There is definitely an argument to be made about student:faculty ratio and the ability to access your TA's/professors.

This reminds me, one of my main recommendations to new university students is always to take 1-2 intro stat courses regardless of your major -- I think they contain perhaps the most practically applicable information. Intuitive/Analytic poker players inherently understand this stuff better of course, but I think they are incredibly beneficial, especially for the standard student.

Even decently smart people would like at that graphic and think "Wow! Look at those huge differences in delinquent loans!" without considering things like the Y-axis range, time frame, average interest rates for each type of loan (and whether or not they are fixed or variable), average size of loan and time period, and other macro-considerations like the different delinquent penalties, debt forgiveness programs etc. etc.

I agree with you that most CC's are like this. I happen to live in a county that has a premier CC. It's nickname is Harvard on the Hill. Depending on your ability and commitment if you do 3.5 or better you have no problem transferring to Harvard, Yale or Princeton.

Everywhere I look there's so much complaining about the cost of education, yet the value proposition that it creates is still ridiculously good. If you get an under-grad degree in science, engineering, finance or some other worthwhile field, you're probably looking at an additional $1-3 million in lifetime earnings vs. skipping the degree.

Sure you have to make some sacrifices along the way, but get 'er done.

USA regs thread talking about college lol...prob what the Stars regs thread will look like in 10 years

so why is education so much cheaper in other first world countries? if the gov stops participating in student loans is that a good thing? does it solve problems?

it looks like a 1% yolo policy

-just about every resource puts usa education 20th-30th
-skyrocketing education costs
-recession
-at war for a decade

this wonderful environment makes it much easier for rich kids to go to a private school, then university, and get a good job

poor people get inferior education then have to take on more and more debt for university. makes grabbing a shovel or joining the army a lot more appealing imo

water is cheap as **** and air is free. both are way more important than an engineering degree

I'm not sure I get your point.

There are many, many things more important than an engineering degree...but there are few better investments.

If you don't like engineering, finance, law, and many other business related disciplines have similar returns. So the price of college still remains a very good bargain, all things considered, which is probably why prices are skyrocketing in the first place.

afaik the cost of everything is skyrocketing including the study of basket weaving or ancient aliens

my point is that water is a way better bargain than an engineering degree. does that mean its ok for the price to skyrocket?

can we just change the title of this thread to "chickenheads talking about education?" seems like this is the 3rd time we've had discussions about the costs of education etc ITT

It costs a lot less to "produce" water/air. Paying professors who know their **** and are good at teaching to work full-time for a school is not cheap. In fact the only reason that education would skyrocket more than it was worth would be if there was collusion or the government distorted the market in some way. But wait the solution to the problem is to get the government involved? When someone else is paying other than the person who makes the decision, generally costs are going to be higher. See healthcare for example.

Also I seriously don't know the answer but maybe I'll try to see how much other countries spend per student on college in tax dollars. Without knowing I'd probably bet on them paying more.

Pretty sure that's not true Zach, at least when comparing to Canada.

Canada/Ontario residents pay much less for school, but international students who obviously aren't getting any Canadian government assistance are still paying way less than in the US.


Even looking at Canadian schools that are ranked Top 100 worldwide vs average American schools. Compare to other highly ranked schools and its not even close.

So why are you bringing up my life story?

ya going to college convos >>>> than going pro convos lately. I wonder why.

Need more going unpro conversations

i can help with that

http://oncampus.macleans.ca/educatio...e-governments/

idk how good that source is (also 5 years old but doubt that's changed too much) I was just googling but:

"That’s a modest request, considering how much Canadian governments spend. On average, it was over $20,000 per student in 2007, making our universities the second-most publicly-funded in the 31-member OECD. Funding per student was just behind Switzerland (the highest in the world), a third ahead of the U.S. and more than double the rich-country average."

Italics mine. Yeah LDO. Cheap loans for anybody with a pulse that wants to go to college, anyone?

ppl are pu$$ies?

did you guys with pending withdrawals get the amount put back into ur poker account with the move?