“Occupy Wall Street” should be occupying university business offices instead

If you are a follower Prof. Glenn Reynolds’ “Instapundit” blog, then you know that he regularly links to stories involving what he calls the Higher Education Bubble.  Put simply, universities (and in particular, Ivy League schools, graduate studies programs at prominent universities, and major law schools) have increased tuition astronomically during the last twenty years, far out of proportion from normal inflation-driven cost increases.  The result has been that students wishing to pursue higher education — even those with generous academic scholarships — have been forced to accumulate massive amounts of debt in order to receive their schooling.  The pain inflicted by this debt load has become increasingly severe in today’s recession-choked job market as graduates are struggling to find any employment whatsoever.  Many have been forced to move back home with parents or live with friends in order to make ends meet.  Others defer their student loan debt by staying in school, which only compounds the problem.

Last night Instapundit linked to this CNN Money story by Dan Primack who asks, “When will “The 99%” turn its attention away from Wall Street and toward the university?”

Take a look at We Are the 99 Percent – a website on which protest sympathizers share their tales of economic hardship. Very few of them mention banks, or even bank bailouts. The vast majority of them, however, do mention college debt.

… Where is the university’s responsibility to its customers? Hell, where is its responsibility to America?

Isn’t college designed to enhance a student’s future well-being and, in turn, that of society at-large? How did it get corrupted to the point where higher education is the cause, rather than the solution, to so many of our collective ills?

Carnegie Mellon recently announced the receipt of the largest gift in the school’s 111-year history: A $265 million donation from trustee William Dietrich. In a press release, CMU discussed how the money will be used to “support interdisciplinary education and research initiatives across the university and across the globe.”

No mention, of course, of using some of Dietrich’s generosity to reduce average tuition at CMU, which rose 4% over just the past year to a whopping $43,160 (not including fees, room or board). Or even to keep it static. Instead, it’s all about build, expand, rinse and repeat. After all, U.S. News & World Report doesn’t reward affordability.

And in a related story, yet another class-action lawsuit has been filed against 15 ABA-approved law schools, alleging that the schools were “tortiously misrepresenting job placement statistics and violating state consumer protection laws.”  It has been well-known for some time that many top law schools have been deliberately fudging job placement statistics.  This includes such underhanded practices as using only the graduate surveys that received a response as the basis for the reported job placement percentages (instead of weighing the percentages to include the number of surveys that generated no response) and counting ANY employment – even minimum wage jobs – as professional employment for law school graduates.

Even though these practices have been well documented, so far no major law school has admitted culpability or changed their job placement claims in order to make them more accurate.  The reason is simple – the prestigious US News law school rankings are the life-line for these schools, and any action that could possibly jeopardize a school’s Top Ten or Top Twenty Five ranking has been forbidden by school administrators.

I never thought I would be writing this, but as of late my wife and I have been seriously debating how we are planning to approach college for our children.  Of course we’re not going to encourage them to skip college, but we are seriously considering a lot of alternative choices – work internships and mentoring from friends and colleagues to get them involved in the professional workplace or develop entrepreneurial skills before graduating from college; completing general ed requirements during the summer at local community colleges, and attending good state schools instead of more expensive out-of-state or private colleges, as my wife and I both did.

When you are only 22 years old, you are really just starting to live your life.   Right now I can’t think of any more cruel and unusual punishment for my children than to have them graduate from college without a “foot in the door” in a business or professional career, and with a crushing 6-figure debt load.

Jay Tea's Haute Cuisine Tip Of The Day
Herman Cain for President?
  • Anonymous

    If you can, you should consider setting aside money for your kids’ college education.  There are plans out there that can help with this, including tax-deferred plans such as 527s. 

    On a more general scale,  I do find the college donation model disgusting.  I understand that schools want to put money into endowment funds that can generate interest income over the long term.  But at the same time … they take in all these donations, yet keep hiking tuition through the roof as they plead poverty and increased costs?  That is morally questionable, in my opinion. 

    And I’m beginning to develop special contempt for private student lenders.  If students graduating with $50-60k or more in debt are like drug users who made poor decisions, then the private lenders are certainly their pushers. 

    • Not to get too deep into things here, but we do have 527’s set up.  Unfortunately they took a really big hit during the ’08 market crash and have yet to recover.  We also no longer have the luxury of being able to afford regular contributions to those accounts.  Definitely not what we planned when we set the first one up years ago.

      Of course we are not alone in this situation.  And considering how many people are struggling today, the higher education bubble is bound to pop when the majority of those who want a four year degree from a decent school no longer have the means to pay for it – especially if you are a parent who will have two or more children attending college at the same time.

      • Anonymous

        I feel for you, Michael, and I wish you all the luck you can find on this. 

  • retired.military

    The hippies who claim there are no jobs should join the military.  They get college benefits plus actually learn about real life and themselves.

    • Anonymous

      Then they reitre and leve cranky comments on blogs?

      (Sorry, couldn’t resist.  Still friends?)

      • I doubt most of them would have sufficient self-discipline to make it through basic training.  And then there’s the background checks – they’re pretty stringent on what’s allowable any more. 


        Oddly enough, the military’s meeting their recruiting targets with no problems…



      • retired.military

        I was not nor ever will be a hippy. 🙂

        • Anonymous

          RM:  The two are not necessarily exclusive.  I have an older relative (baby boomer) who served in the Vietnam war.  As I undertsand it, he didn’t particularly want to go, but did anyway (number of factors there).  He did his tours, and even turned the military into a career.  He’s also politically liberal (but just barely), and he loves Hair and certain elements of hippie culture.  I don’t think he’s done a single protest in his life, though.

          • retired.military



            My sister was a flower child.  I did the tie dyed tshirts with her.  Never did drugs though.  Not even pot.

      • Anonymous

        they can get help paying off those 125,000.00 student loan bills that they accumulated

        • retired.military


          You see they dont want to have to pay any of the bills that they ran up.  They also want a $20 an hour minimum wage.  Of course when bread goes up to $12 a loaf and Mcdonalds happy meal costs $18 they will complain about that as well.  They will also protest when they cant buy a house and mommy and daddy wont take care of them anymore and no businesses will hire them because they cant do business.  People cant buy on credit because there will be none.  And their is a whole host of other issues their agenda would cause.

    • herddog505

      Two words:



      Some people don’t belong in the military, either because they lack the physical, mental or moral capacity to be an American soldier or because their presence in the service presents a risk to good order and discipline and perhaps even national security.  I don’t say that basic doesn’t do a lot for a young man or women (it did a lot for me) and MIGHT turn some of these layabouts around, but in general the only reason that we should let these filthy hippie types into the service is to hunt for land mines (IYKWIMAITYD).

  • Anonymous

    Michael, you silly boy.

    Each entering freshman class is nothing more than a new flock of sheep to be sheared.  Colleges are not  about “teaching”.  It’s all about “prestige” which equals “charge more”.  It’s all about grants (money).  And years down the road, it’s about hitting up the “alumni” for “donations”.  How many Ivy League schools have BILLION dollar investment portfolios, yet think nothing of next years “tuition fee hikes”.

    You are correct – the protesters (and who the hell says THEY are the 99%? – of what?) don’t mention the GREEDY colleges.  As for preparing students for a career, the local college just proudly announced that they are going to offer a new course next year.  “LBGT Studies”.

  • Anonymous

    The New GI Bill is excellent.  Just sayin’

    Hopefully by the time your kids are out of high school, the USA will be out of Afghanistan and Iraq.

    Also, how much does UTenn Law pay Glenn Reynolds?

    • Anonymous

      “the USA will be out of Afghanistan and Iraq.”

      I thought that about south Korea when I was in grade school. Still there too.

      I have one in college and one in high school. Hopefully they will live to see an end to Barry’s debt creation.

      • Anonymous

        South Korea is a vacation for the Army now.  As long as there are Americans in Iraq and Afghanistan, on the other hand, they will be trying to kill us.

        • retired.military

          Ref  SK

          Maybe for the navy Chico.  Try going up to 2ID country (what’s left of it anyway).

          • Try having to cover the Armistice meetings in Panmunjom. I videotaped 11 of those meetings, and during every one of them I taped, the NK’s tried to push me or interrupt my taping in some way.

            I also videotaped a documentary for the 2nd Engineer BN, doing some shooting on the DMZ. One of the places we went, I started to set up the tripod to put the camera on and the captain who was our escort said, “I wouldn’t do that. The NK’s are liable to shoot you.” What doesn’t make the news is that the NK’s routinely take sniper shots at people in the DMZ.

    • Anonymous

      Here’s the thing Chico when someone on the inside is willing to rightfully critize the instution that provides their livelyhood most people would call that a principaled stance worthy of admiration, wouldn’t you agree? So no matter how much Glenn makes he’s willing to see the situation put right even if it has adverse effects on him.

      • Anonymous

        Well, he could take a pay cut.

        • Anonymous

          Why should he? Do you know if the U of T law school is over priced, do you know if they have misleading placement statics? Do you just assume the reason law school is over priced is because professors make too much money? Clearly you don’t know how much he makes or you wouldn’t have asked, or are you one of those like Obama, that think at some point you’ve made enough money?

        • retired.military

          Well Chico

          Warren Buffet and all the libs complaining about not being taxed enough could voluntarily pay more in taxes and stop paying accountants to find every deduction they can take as well.  I dont seem to hear you implying they should just shut up.

        • retired.military

          And chico conveniently drops out of the conversation.  what a suprise.

          • Anonymous

            Chico had to run… had to meet with some accountants. Very important.

  • Anonymous

    I am preparing to start over in college after many years out of school. Not looking forward to the loans and all the money I am going to spend to get through it. I am not going to have all the time a youngster is going to have to pay it back. I can only hope that I can pay them off and somehow save for some kind of retirement after I am forced to stop working.

    • retired.military

      Go to a cheap college for  your 2 year degree and then the more expensive one for your 4 year degree.  Just make sure that the 2 year courses you take are acceptable to the 4 year university. 

  • Anonymous

    I’m going to float a couple thoughts, in no particular order.  Please don’t scream socialist at me.  They’re just things going around in my head.

    Should the guarantee of a “free” education be extended beyond grade 12? It’s becoming evident that the high-school degree is no longer sufficient to prepare people for adulthood, let alone the job market.  Instead of awarding cap and gown after 12th grade, should school systems continue to what is effectively 13th grade or 14th grade?  Instead having freshman comp taught by an underpaid TA or an overqualified professor, the equivalent course could be taught to 13th graders.  And I suspect it could be done more cheaply than it is in private universities or public ones, for that matter.  I understand this would be a major revision of the social contract.

    Should more high schools re-introduce vocational tracks?  Not all jobs require going to college, but they still demand skills, including advanced technical skills.  Somebody who wants to work on cars doesn’t necessarily need the freshman comp skills.  But he does need advanced computer skills.  Perhaps these could be taught in high schools?

    Should student loans be more easily discharged in bankruptcy?  Student loans, both private and public, are difficult to discharge in bankruptcy.  This means that bankers are more willing to extend loans to students.  But this is something of a vicious cycle.  With student-loan money easily available, and available cheaply, students (and their parents) have little reason to pressure universities to lower costs.  Make loans more easily dischargeable, and perhaps the cycle will work in reverse, bringing pressure on universities to charge more reasonable tuition. 

    Another thought on dischargeability:  Just like a stock, a loan represents an risky investment.  The lender is essentially betting that the student will earn enough money in his career to repay the loan.  If a stock sinks, the investor loses money.  Shouldn’t student lenders face more of the same exposure to loss? 

    • Anonymous

      Definitely yes to #2. 

      Possibly even introduce apprenticeship type programs aimed to produce pools of workers specifically trained for area industries. 

      For our chemical operators at the factory where I work, we hire people with associates degrees because a high school diploma no longer gaurentees the person can read, write and do basic math.  However, what we need are individuals with good mechanical aptitude that have the 3R’s and are trainable on using the computer batch control interface.  The problem is that the cross over between people with associates degrees and mechanical intelligence is in my experience low.

      • “produce pools of workers specifically trained for area industries”

        Detroit used to do this.  But after the collapse of the old school manual labor-intensive auto industry, Detroit was left with dozens of abandoned dilapidated school buildings filled with rusting tool and die machines, lathes, presses, and other equipment, and tens of thousands of unemployed workers whose skills were no longer necessary.  So this is not a solution that is beneficial in the long run.

        I think we do a poor job of matching specific education to a person’s natural skill set or talents.  Maybe it’s too taboo or politically incorrect to admit that some people are better at certain things than other people, or to confess that some talents give certain people an edge at earning money.  Some people have what it takes to be entrepreneurs, others will excel as employees.  What we need is an educational system that helps people become more self-aware of their natural talents, and then helps people to develop those talents and — most importantly — helps people to learn how to become life-long learners within their respective skill sets; in other words, how to grow and adapt and change as their fields of employment inevitably change.

        I think only past generations of Americans — those who stayed on the farm or worked in agriculture all their lives, or those who worked in the factories or in a corporate office in basically the same kind of job for 40 years — had the luxury of being able to make a living without having to continually deal with rapid technological advances and procedural changes dictated by ever-evolving financial and regulatory systems.  Today’s Americans don’t have that luxury.  We either re-train and adapt quickly, or we get left behind.

        Our current education system is based on a century-old model by John Dewey and others that focused on teaching children who had been raised by illiterate parents the basic skills of reading, writing, and mathematics.  This was expanded to include history, social studies, fine arts, etc.  But the basic model is still a century old, and it does not include the MOST IMPORTANT thing for surviving in today’s world, which is the ability to hone and develop one’s natural talents and to learn and adapt quickly in a constantly changing environment.  Until we start teaching those skills to our kids, we will not really be EDUCATING them for the future.

    • retired.military


      I would say that any federal money (for any reason) going to any schools (Harvard and Yale come to mind) has to be matched 10 to 1 by money from their endowments towards full scholarships. 

      Other than that I think the federal govt needs to get the hell out of the education field.  Let the states handle it.

      When govt gaurentees 10k towards a student loan then you can bet your ass that schools wont have a tuition less than 10k.   Why should they??  It is like folks loaning money to Solyndra.  Hey the govt has gaurenteed the loan.  My risk is zero.

    • Anonymous

      No. Yes. No. 

      • Anonymous

        Explain.  Elucidate.  Explicate.

    • “It’s becoming evident that the high-school degree is no longer sufficient to prepare people for adulthood, let alone the job market. ”  

      But… but… the schools do everything possible to boost their self esteem!

      (Except actually teach them the hard stuff.  Math.  Science.  History.  Reading.  Writing.  All else is optional.)

      • Anonymous

        Honestly, JLaw, some of the “Math.  Science.  History.  Reading.” is not uiversally useful.  I continue to believe that my semester of calculus was one of my biggest mistakes in school. 

  • Anonymous

    Interesting email I just got.  (And I have no idea who “Mickey” is or how SEIU got my email address).


    Dear Mickey,
    By now you’ve seen the thousands of brave students, workers and the unemployed occupying Wall Street.
    But did you know that as of yesterday, there are over 300 solidarity
    “occupy events” happening across the country and around the clock?
    In Philadelphia, 1,000+ individuals took to City Hall on Tuesday night.
    In Washington, D.C., people have camped out in McPherson Square, symbolically located on K Street, since last week.
    In L.A., citizens have spent six straight days and nights outside City
    Hall protesting against income inequality and joblessness.
    The crowds and peaceful demonstrations will only get larger and louder
    as more Americans find the courage to stand up and demand Wall Street,
    CEOs and millionaires pay their fair share to create good jobs now.This
    is the moment that determines whether this movement succeeds or falls
    flat. Will you pledge to help the movement spread by visiting an Occupy
    event in Allston? You can sign up and find a comprehensive list of
    events here:http://action.seiu.org/occupy-wall-street

    Over the last few weeks we’ve seen crowds of “Occupy Wall Street”
    protestors capture the nation’s attention as they stood their ground
    despite aggressive police behavior and hundreds of arrests.
    These courageous young activists have given us all a shot of inspiration and hope that we can indeed turn this country around.
    We are proud of the actions taken by 1199 United Healthcare Workers
    East, SEIU 32BJ and other SEIU local unions to support the Wall Street
    But as we talk to other “Occupy” participants across the country, they tell us their first need is people.
    So we’re working with our friends at Daily Kos to see if we can help.Find an Occupy event happening in your city and pledge to sign up to get involved. You can do that here:http://action.seiu.org/occupy-wall-street
    As part of a peaceful, united movement we can do so much more to
    demonstrate the increasing urgency of the crisis our country faces and
    shine a light on those responsible.
    Let’s go for it!
    In solidarity,
    Mary Kay Henry
    President, SEIU





    SEIU1800 Massachusetts Ave NW, Washington, DC 20036

    To unsubscribe, go to: http://action.seiu.org/unsubscribe


    • retired.military

      report the email to attackwatch.com

  • As the father of two college graduates and two more currently in college, I have formed opinions on the subject.  Though many jobs do not require college degrees, ever since the case of Griggs vs. Duke Power, employers use the degree as a substitute for IQ testing.  I don’t believe that this is fair, but the law is what it is. 

    My oldest child, a daughter, went to a small college that wasn’t her first choice because they offered her a scholarship.  It was not a prestigious school, but we felt that prestige did not matter.  Later, she was accepted at Harvard Law School.  She did not attend because the state law school was much cheaper.  My oldest son went to a state school with an ROTC scholarship and is currently fulfilling his commitment.  My youngest two (boys) are at the same state school (but did not want to “work out their problem with authority) and I am paying.  I told my children to study something that would get them a job – many parents think that any degree will work, and it does not.  My daughter’s undergraduate degree was in accounting and the boys are / will be engineers.  Most of all, I told my children that “life would be hard” and to prepare themselves for it.

    • Very good advice here.  And you’re exactly right – unless you get hired to fill a professional position while at least attending college, and prove yourself capable of handling more and bigger tasks rather quickly, you must have a college degree in order to get a professional job.  I have two friends, one who started working for the State of Oklahoma in between his jr/sr year in college, and another who started working for a local gas exploration company that was eventually absorbed into Chesapeake Energy while she was still in school.  Neither finished their degrees, but both were competent and are both doing very well; my friend who works for the state just retired in fact.  (I like to kid him about what he is going to do with his life now that he is 47 and retired.) 

      And again, I would also recommend getting your kids to think seriously about what they want to study while in school, and then hooking them up while they are in HS with someone in the same profession who can mentor them and get them work as an intern or student assistant.  Engineering degree programs often have good intern programs where students work during summers or sometimes take a year off from school to concentrate on a specific research project.  If they do well, they almost always have an engineering or research job waiting for them as soon as they graduate.

      From my own experience, engineering majors, hard science majors, education majors (with dual major or minor concentrations in secondary math or science) and business/finance majors, all with successful internship experience on their resumes, have traditionally had little trouble finding work upon graduation.  It’s the people with concentrations in things like history, philosophy, women’s studies, fine arts, etc. who don’t want to go to graduate school and spend their careers in the university system, who have trouble finding work.

      • Anonymous

        Mike, I think you make some good general points here.  Just wanted to say that, given that below I offer a sterling defense of liberal-arts degrees.  

  • Anonymous

    It’s the people with concentrations in things like history, philosophy, women’s studies, fine arts, etc. who don’t want to go to graduate school and spend their careers in the university system, who have trouble finding work.

    Disagree.  Hard.  I majored in mass communications as an undergrad in the mid 90s.  When I graduated, I had two jobs waiting for me in the media.  Neither of them paid exceptionally well, but as soon as I was able, I moved into jobs that paid progressively more.  At each step, I was able to keep food on my table and beer in my belly.  At certain points, I had to make sacrifices, but I did it for a decade until I went to law school.  And now five years out of law school, I’m a moderately successful attorney.  You’re never going to see me in the newspapers.  You’re never going to hear of my sterling legal work.  But I am good at what I do, and I take pride in it.  

    My sibling, meanwhile, graduated with an arts degree, and now is a successful salesman and technical advisor in a related industry.   My sibling is doing very well, and just bought a new house.   My sibling is regarded as a local authority in their field, and I’m damn proud to be their older brother.

    Neither of us graduated into jobs paying $60k per year.  Hell, neither of us graduated into jobs paying $40k per year.  We both got where we were through some combination of work, luck, pursuing opportunities when they opened, and occasionally making those opportunities for ourselves.  

    Furthermore, I would argue that if a teen has a true artistic talent — beyond mere “my parents are proud of me” — that teen should be encouraged to pursue it in college, provided he is given a realistic picture of his ability to earn a living doing it … or else given the opportunity to develop skills that will actually earn him a job.    If an 18-year-old could be a budding photographer, painter, or writer, that person needs the opportunity to develop that talent and explore what opportunities it may open.   Of course, that person’s parents and teachers should give the adolescent a realistic picture of his professional opportunities … but I would argue making that opportunity available is valuable.And, yeah, it’s possible to earn a living — not always a rich one — in the arts.  It’s called commercial work.  If you’re a photographer, you do a lot of wedding and child photos.  If you’re an artist, you do a lot of commercial illustration.  If you’re a writer, you write ad copy.  If you’re an actor, you work on corporate sexual-harassment training videos.  None of this is glamorous work.  None of it is high-paying.  But it’s all work, and a smart person can leverage it to earn a living.  
    So don’t discount the liberal arts degrees too much.  It is perfectly possible to build a career with them.  You just have to work at it.  

    • JWH, I think we really are on the same page here.  Your argument hinges on real world experience in combination with a liberal arts degree.  And if you are talented in the arts, by all means that is what your major concentration should be.  I have another friend who is an extremely talented singer and pianist.  She basically worked her way through college by singing and playing on weekends and giving lessons to less advanced players.  By the time she graduated she had become a fixture in the local music scene and had befriended a lot of other musicians.  For her, graduating from college simply meant that she could extend her schedule to include traveling and working on weeknights without the encumbrance of school. 

      But I have also known people who had trouble deciding on a field of study while in college and ultimately settled on a liberal arts or humanities degree because they included subjects that my friends found interesting.  The problem with many of those degree programs is that they are designed primarily for students who want to continue within academia and ultimately pursue graduate degrees.  My friends did not want to do this, nor were they talented enough in music, art, etc. to earn a full-time living in these fields, competing against star instrumentalists or gifted artists.  So when graduation came, they had no career plan and were left with a degree that, in their opinion, wasn’t worth what it cost to obtain.

      I just hate to see that kind of thing happening on a regular basis.

      • Anonymous

        Agree on that.  I have another friend of a friend who went for an arts degree.  Thing is, she’d been an artsy chick in high school.  At an early age, she knew she would have a career in art, so she followed the degree path through undergrad, graduate school, and on to her Ph.D.  Aaaand … then she got a real picture of her field and realized that there weren’t that many jobs out there in it.  

        Good thing her boyfriend was a computer programmer.  

      • Anonymous

        If a person can’t decide on a college degree, i wouls argue that person has no business in college.  Choosing liberal arts just to have a degree is clearly a poor choice. 

  • Parker Smith

    You remind me of senior officers in the army, and the senior execs in my first private company.
    They judged the present by how things were for them in the past.
    I believe the path that worked for you is much less workable in the present day – for many people, it may not even be possible.

    • And a one-post wonder is heard from…

      When the rules change, Parker, you’ve got to adapt to new conditions.  For decades now, the ‘progressives’ have been blathering about how if only we adopted their ideals and ideas, everything would be absolutely wonderful.

      And for decades, we’ve seen how their ‘equality’ ends up looking like Animal Farm – with some being much more ‘equal’ than others.  It’s been tried time and again, and excuses like “Well, they weren’t doing it right!” in regards to the USSR, North Korea, China, Viet Nam… you go in saying you’ll improve the plight of the common man by taking from the rich, and you end up with almost everyone at the same subsistence level with the economies barely functioning.  Who profits?  Those at the top, saying everyone has to sacrifice to make things equal.

      Since 2006, the Progressives have been in charge. 5 years of escallating spending and regulation designed to keep things from getting bad.  And what sort of ‘improvements’ have there been?

      So look at things now.  Who’s really doing well?  The politically connected ones who’ve been pushing the idea that all we’ve got to do is sacrifice and ‘take from the rich’, who are pushing ‘green energy’ while trying to close power plants.  All the demonstrations in the world won’t do a damn thing to make more power, increase the nation’s wealth, or make things better for the ‘common man’ the ‘progressives’ are so determined to ‘help’.

      The rules changed.  We’ve had to adapt.  The conditions the new rules set up with suck, big time, and additional suckage is going to be coming unless the rules are changed back.

      The current ‘Progressive’ ideology has failed.  The excuses don’t work at this point, and only the ‘intellegentsia’ who believe they’re a lot smarter than the folks who haven’t gone to the ‘proper’ schools and studied the ‘proper’ subjects would want more of the same.

      Reality has won – like it always does. 

      I’d suggest you check out Kipling’s “The Gods of the Copybook Headings”.  THAT is reality.

      In the Carboniferous Epoch we were promised abundance for all,
      By robbing selected Peter to pay for collective Paul;
      But, though we had plenty of money, there was nothing our money could buy,
      And the Gods of the Copybook Headings said: “If you don’t work you die.”

      Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew
      And the hearts of the meanest were humbled and began to believe it was true
      That All is not Gold that Glitters, and Two and Two make Four
      And the Gods of the Copybook Headings limped up to explain it once more.

      As it will be in the future, it was at the birth of Man
      There are only four things certain since Social Progress began.
      That the Dog returns to his Vomit and the Sow returns to her Mire,
      And the burnt Fool’s bandaged finger goes wabbling back to the Fire;

      And that after this is accomplished, and the brave new world begins
      When all men are paid for existing and no man must pay for his sins,
      As surely as Water will wet us, as surely as Fire will burn,
      The Gods of the Copybook Headings with terror and slaughter return!

  • Anonymous

    Over the years, Collage freshmen have morphed into thirteenth-graders. It’s clear they are not doing due-diligence in: A) selecting a collage they can afford. B) Selecting the course curriculum that best matches their predilections (if such exists at all). C) Ill-preparing themselves for higher education. Collage isn’t for everyone. In too many cases mommy and daddy just want Jr. out-the-frickin-door. Plain and simple, too many college students don’t belong there. But the scumbags in administration will gladly take their cash, then callously flunk them (best case scenario) or push them through, just like grade school. This best explains why so “grads” can’t find work: no one wants them, being only slightly more educated as the day they walked in as freshmen.

    • Anonymous

      “College,” not “collage.”  Sorry to be a pedant, but since this thread is about education … 

  • Pingback: The Next Bubble: Higher Education | Wizbang()

  • There is an entrepreneurial solution to student loan debt.  We need to connect university student class projects with real world businesses.  There are 3 ways this will help:

    There are 3 ways that StringHub can positively impact the student loan debt problem.

    1.  Donations for Class Projects – Your university may not feel comfortable allowing students to make money from their homework, but what if you allowed businesses who were happy with the results of their class project to make a donation to the student. Maybe the donation goes directly toward tuition as a scholarship of sorts.

    2.  Build a Network of Potential Employers – By connecting students with businesses while they are still in the classroom, you will help students create a network of potential employers who they have already worked with through class projects. Ultimately employers will feel more comfortable hiring those students for jobs and internships because they are familiar with their work and have already established a relationship with them. Ultimately as long as students have a quality job, they should be able to pay off their student loan debt.

    3.  Gain Real World Experience – The more real world experience a student can gain, the more qualified they will be for jobs after graduation. Real world projects are great resume builders, and will help students demonstrate what they have learned. Again, real would experience makes a student marketable, and ultimately more likely to secure the job needed to pay back student debts.

    The rest of this article is at http://blog.stringhub.com/2011/11/student-loan-debt-an-entrepreneurial-solution/

    Adam Hoeksema
    Co-Founder – StringHub

  • NicholasBrush

    ICC Mortgage And financial Services,Is a sincere and certified private Loan company approved by the Government,we give out international and local loans to all countries in the world,Amount given out $2,500 to $100,000,000 Dollars, Euro and Pounds.We offer loans with a dependable guarantee to all of our clients. Our loan interest rates are very low and affordable with a negotiable duration.

    Available now



    Available now..

    Apply for a loan today with your loan amount and duration, Its Easy and fast to get. 4% interest rates and monthly

    installment payments.



    Nicholas Brush