Creeping up on us all on cat’s paws is the school loan bubble. At over a trillion dollars this year, it is going to double again each decade and is already at a crisis because schools are luring in students who were incapable of handling Jr. and Senior High classes and then dumping a lifetime of unescapable debt on them. This is not repayable at low wages and will be deducted from Social Security payments to the lower classes. A total future catastrophe.
Like so many Pinocchios lured to Pleasure Island (▶ Pinocchio(1940) The Coachman’s Proposition – YouTube), armies of badly educated, poor students are pouring into schools hoping miracles will happen when the only point of all this is to enrich the people who run or own or control these schools. They want the Federal loans. They don’t care if the students suffer lifetime losses. Community College Students Face a Very Long Road to Graduation – NYTimes.com has this sob story of a kid who is piling on debts and getting nowhere:
Vladimir de Jesus, a child of Puerto Rican parentage and Soviet enthusiasms, had arrived early with various supplies and considerable energy. At 23, he had been at LaGuardia sporadically over six years, amassing fewer than half of the credits he needed to progress to a four-year college…Mr. de Jesus attended Washington Irving High School, which has a long record of dismal performance. He eventually dropped out and earned an equivalency diploma.
He is covered by tattoos and had a child at age 17. He dropped out of high school finding it too hard. If he gets loans to go to colleges, he gets to live the free lay about life as an adult. So he signed up and proceeded to skip classes and goof off, way too often.
More than 70 percent of LaGuardia students come from families with incomes of less than $25,000 a year. The college reports that 70 percent of its full-time students who graduated after six years transferred to four-year colleges, compared with just 18 percent nationally, but only a quarter of LaGuardia students received an associate degree within six years.
Six years for a two year college? Then four years to get a bachelor’s degree? Good lord, talk about slow! And then six years to earn a four year degree? Glacial. Each year costing around $25,000, adds up to $200,000. The price of a rather good home for a middle class family in a good school district neighborhood.
This poor guy thinks getting an art degree means the owners of the Kulturwelt will hire him. He is not Jewish. He could hope to make a splash independently but he dreams of being a teacher which is odd considering he, himself, despises schools and teachers and disses both regularly even in college.
Vladimir de Jesus started taking classes at LaGuardia in September 2008 but left after his first semester. When he returned to the college in the fall of 2012, he had already declared a major in fine arts, with the goal of transferring to Hunter College to earn a bachelor’s degree and, eventually, getting a master’s and teaching studio art and art history.
Mr. DeJesus is taking remedial math. This is an 8th-9th grade Jr. High course. This is no credit towards any degree. This guy took this course three times and each time failed the finals worse and worse. Read his excuses for missing classes and we see he is the class clown:
In March, he suffered further distraction when he learned that two close childhood friends had been shot in a house in Pennsylvania, in a drug-related crime. “That really put me in a depression,” Mr. de Jesus told me a few months later. “They were my homies and I loved them so much. Wrong is wrong but they were supporting their families. They messed up their lives and they couldn’t get good-paying jobs.”
Yikes! This derailed him going to school? If this is his excuse, did this happen in the past? Bet he has many dead buddies! Someone making up this sort of lame excuse means he will spend his entire life making up similar excuses for goofing off. There is little hope for him since he gets away with this even with a reporter from the NYC sucked this down without comment.
U.S. Students Rank 32 in Math Proficiency, 17 in Reading, Study Says | School Library Journal which pretty much sums up our lower levels of schooling which is woeful and all the reforms especially math reforms, make worse. Instead of studying how other countries teach, we go off one cliff after another and produce math-phobic students in mass numbers.
I note here that the above video pretends that Europe’s schools succeed in teaching because they don’t have teacher’s unions nor American sort of schools. But the truth is, the culture there and in Asia is what makes the schools work. In the US, we have made it nearly impossible for smart kids. They get few rewards.
They are mocked by peers. They are ignored by teachers. They are not challenged enough by lessons. I skipped grades when younger and was competitive and even so, the other students didn’t look up to me, they actively tried to physically harm me which is why I spent quite a few hours mastering sword fighting and shooting guns, etc.
That does work wonders. The thing is, in other countries, there is a different school culture. We have to face this reality. We are degrading our colleges by feeding into the system students who have no intention of actively learning anything, they just want a piece of paper. Professors and the cheap labor adjuncts exploited by higher education owners and presidents, are told not to flunk anyone if possible because this keeps them inside the schools until ever last loan dollar is eked from them and the best outcome is to keep them for double the normal time for graduation. The longer, the better.
▶ Peter Schiff exposes college scam – Interviews Kelli Space who paid $190,000 for a sociology degree (1 of 2) – YouTube. Kelli made the news because she went online to beg for money to pay off this insanely expensive, useless degree. She got only $10,000 which is funny because she was basically pan handling.
The young lady in the interview went to Northwestern University, a high end school. And got a worthless degree. She thought she was on the train to the upper class station. But she was buying the ticket for the guys running the school, they rode to that station and left her in Debtor’s Prison. Peter Schiff suggests she should flee the country like so many poor, in debt folk fled England and came here.
Here are some good reads about the scandal of letting bad students go to college at great expense after they flub high school: Confessions of a College Professor: December 2013
Remedation Is A Bridge To Nowhere: 90% of all remediation students take more than three years to finish 2 year degrees.
And here is a Huffington Post story that is sad: ‘My Degree Has Been Pretty Much Useless’: a poor sap thought they could get Hollywood jobs via going to film school in Arizona. The writer of this article isn’t Jewish. So their chances of landing a job is near zero. Hollywood’s lower and often upper level jobs are all apprenticeship entry positions gained via family connections. The same is very true in the art world.
You don’t get a job with a degree but rather connections. This is cruel reality. And this is kept carefully concealed until it is too late.
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