College bubble and housing bubble

[Scarlett]

I was reading a good post by Dr. Housing Bubble

Financial land of perpetual bubbles – California technology, real estate, and now higher education bubbles. In 1980 the median California household income would have purchased 17 UC bachelor’s degrees. Today it can barely purchase one UC degree.

What do you think about the college bubble? What do you think it is going to happen, and when?

EDIT: I really meant to say – when is the college bubble going to pop, how and what will cause it?

[scaredyclassic]

this is a subject much on mind, with these rapidly maturing semi-dependent humans surrounding me.

My mother is ready to run me in for child abuse for suggesting it, but I believe that the way forward is to not just plunge into college.

I don’t know what the future holds for any of them, but I know this; I refuse to encourage them to take on boatloads of debt, and I refuse to pay boatloads of money. One small canoe perhaps, but not an entire boatload.

I knwo law school is a bubble, and there are lots and lots of blogs of disgruntled graduates, allegations of lies in law school promotional statistical material. I don’t want me kids sucked into some debt slavery because they got into some damned school.

disgruntled law student lawschoolisa scam blog are a dime a dozen on the internet. some are even entertaining.

I do see higher education and student loan debt the same way housing looked to me five years ago; scary, big, filled with irrationality and bs. Just because it paid off in the past is no guarantee going forward, and it’s starting to look very bloated, especially law. I’m no saying don’t go to college, but go with a plan–not just for studying but moneywise.

My hope and prayer is that they will live in this giant house I bought, reach drinking age and drink with me on the patio, and keep me comany and figure things out for themselves, work, school life direction, with low overhead, whatever that figuring entails!

why all this nest fleeing? I just bought this giant goddamned nest.

[scaredyclassic]

this is a subject much on mind, with these rapidly maturing semi-dependent humans surrounding me.

My mother is ready to run me in for child abuse for suggesting it, but I believe that the way forward is to not just plunge into college.

I don’t know what the future holds for any of them, but I know this; I refuse to encourage them to take on boatloads of debt, and I refuse to pay boatloads of money. One small canoe perhaps, but not an entire boatload.

I knwo law school is a bubble, and there are lots and lots of blogs of disgruntled graduates, allegations of lies in law school promotional statistical material. I don’t want me kids sucked into some debt slavery because they got into some damned school.

disgruntled law student lawschoolisa scam blog are a dime a dozen on the internet. some are even entertaining.

I do see higher education and student loan debt the same way housing looked to me five years ago; scary, big, filled with irrationality and bs. Just because it paid off in the past is no guarantee going forward, and it’s starting to look very bloated, especially law. I’m no saying don’t go to college, but go with a plan–not just for studying but moneywise.

My hope and prayer is that they will live in this giant house I bought, reach drinking age and drink with me on the patio, and keep me comany and figure things out for themselves, work, school life direction, with low overhead, whatever that figuring entails!

why all this nest fleeing? I just bought this giant goddamned nest.

[scaredyclassic]

this is a subject much on mind, with these rapidly maturing semi-dependent humans surrounding me.

My mother is ready to run me in for child abuse for suggesting it, but I believe that the way forward is to not just plunge into college.

I don’t know what the future holds for any of them, but I know this; I refuse to encourage them to take on boatloads of debt, and I refuse to pay boatloads of money. One small canoe perhaps, but not an entire boatload.

I knwo law school is a bubble, and there are lots and lots of blogs of disgruntled graduates, allegations of lies in law school promotional statistical material. I don’t want me kids sucked into some debt slavery because they got into some damned school.

disgruntled law student lawschoolisa scam blog are a dime a dozen on the internet. some are even entertaining.

I do see higher education and student loan debt the same way housing looked to me five years ago; scary, big, filled with irrationality and bs. Just because it paid off in the past is no guarantee going forward, and it’s starting to look very bloated, especially law. I’m no saying don’t go to college, but go with a plan–not just for studying but moneywise.

My hope and prayer is that they will live in this giant house I bought, reach drinking age and drink with me on the patio, and keep me comany and figure things out for themselves, work, school life direction, with low overhead, whatever that figuring entails!

why all this nest fleeing? I just bought this giant goddamned nest.

[scaredyclassic]

this is a subject much on mind, with these rapidly maturing semi-dependent humans surrounding me.

My mother is ready to run me in for child abuse for suggesting it, but I believe that the way forward is to not just plunge into college.

I don’t know what the future holds for any of them, but I know this; I refuse to encourage them to take on boatloads of debt, and I refuse to pay boatloads of money. One small canoe perhaps, but not an entire boatload.

I knwo law school is a bubble, and there are lots and lots of blogs of disgruntled graduates, allegations of lies in law school promotional statistical material. I don’t want me kids sucked into some debt slavery because they got into some damned school.

disgruntled law student lawschoolisa scam blog are a dime a dozen on the internet. some are even entertaining.

I do see higher education and student loan debt the same way housing looked to me five years ago; scary, big, filled with irrationality and bs. Just because it paid off in the past is no guarantee going forward, and it’s starting to look very bloated, especially law. I’m no saying don’t go to college, but go with a plan–not just for studying but moneywise.

My hope and prayer is that they will live in this giant house I bought, reach drinking age and drink with me on the patio, and keep me comany and figure things out for themselves, work, school life direction, with low overhead, whatever that figuring entails!

why all this nest fleeing? I just bought this giant goddamned nest.

[scaredyclassic]

this is a subject much on mind, with these rapidly maturing semi-dependent humans surrounding me.

My mother is ready to run me in for child abuse for suggesting it, but I believe that the way forward is to not just plunge into college.

I don’t know what the future holds for any of them, but I know this; I refuse to encourage them to take on boatloads of debt, and I refuse to pay boatloads of money. One small canoe perhaps, but not an entire boatload.

I knwo law school is a bubble, and there are lots and lots of blogs of disgruntled graduates, allegations of lies in law school promotional statistical material. I don’t want me kids sucked into some debt slavery because they got into some damned school.

disgruntled law student lawschoolisa scam blog are a dime a dozen on the internet. some are even entertaining.

I do see higher education and student loan debt the same way housing looked to me five years ago; scary, big, filled with irrationality and bs. Just because it paid off in the past is no guarantee going forward, and it’s starting to look very bloated, especially law. I’m no saying don’t go to college, but go with a plan–not just for studying but moneywise.

My hope and prayer is that they will live in this giant house I bought, reach drinking age and drink with me on the patio, and keep me comany and figure things out for themselves, work, school life direction, with low overhead, whatever that figuring entails!

why all this nest fleeing? I just bought this giant goddamned nest.

[bearishgurl]

scaredy, I agree with your post except that my last kid will be starting out in community college. I don’t mind paying for part of 2 yrs of university over and above the aid we get. What I am more worried about is will students be able to finish in 4-5 years (2 yrs CC and 2+ yrs Univ). At the rate the State Univ system has been currently laying off professors and gutting programs, I see EVERY program impacted on EVERY campus, even in “armpits” such as Merced & Fresno. UC is also scaling down programs. How long is it going to take to obtain what used to be a four-year degree if a student has to work themselves up the food chain for a few extra years to take a required 400 level class being offered only on Tuesdays at 2:00 pm every other spring semester with a cap of 30 enrollments? Or attend 2-3 different campuses simultaneously in order to graduate? I think a lot of the layoffs have to do with CSU and UC attempting to eliminate professors right before retirement vesting. It’s getting ridiculous. Right now, a one year vocational school where a student clocks in 8 hrs a day, works and earns a certificate as an HVAC technician looks good. ROP anyone??

We have aid available in the amount of about $3500 per semester for 8 semesters but is it worth it to use it in a school in which you will spin your wheels for 8 years and never graduate from? Something has to be done to restore the programs at the university level in CA and stop the incessant fee hikes EVERY semester for the last 8 years. It that time, CSU has gone up more than 100%!

Also, I think there are and will be more kids from the millenium boom generation graduating from CA high schools than CA public universities have room for. Of course, not all HS graduates attend these schools, but I don’t see how impaction on ALL the campuses in each and every program offered can be averted. I don’t see applicants being able to freely pick and choose which campus they want to attend anymore. County resident applicants and other nearby residents may be given first preference in admissions, based upon GPA, of course. There will be many students turned away in the coming years.

A university degree isn’t the be-all and end-all for every HS graduate. There are many options out there.

None of my children have or will take out student loans, ever. I don’t believe in them.

[bearishgurl]

scaredy, I agree with your post except that my last kid will be starting out in community college. I don’t mind paying for part of 2 yrs of university over and above the aid we get. What I am more worried about is will students be able to finish in 4-5 years (2 yrs CC and 2+ yrs Univ). At the rate the State Univ system has been currently laying off professors and gutting programs, I see EVERY program impacted on EVERY campus, even in “armpits” such as Merced & Fresno. UC is also scaling down programs. How long is it going to take to obtain what used to be a four-year degree if a student has to work themselves up the food chain for a few extra years to take a required 400 level class being offered only on Tuesdays at 2:00 pm every other spring semester with a cap of 30 enrollments? Or attend 2-3 different campuses simultaneously in order to graduate? I think a lot of the layoffs have to do with CSU and UC attempting to eliminate professors right before retirement vesting. It’s getting ridiculous. Right now, a one year vocational school where a student clocks in 8 hrs a day, works and earns a certificate as an HVAC technician looks good. ROP anyone??

We have aid available in the amount of about $3500 per semester for 8 semesters but is it worth it to use it in a school in which you will spin your wheels for 8 years and never graduate from? Something has to be done to restore the programs at the university level in CA and stop the incessant fee hikes EVERY semester for the last 8 years. It that time, CSU has gone up more than 100%!

Also, I think there are and will be more kids from the millenium boom generation graduating from CA high schools than CA public universities have room for. Of course, not all HS graduates attend these schools, but I don’t see how impaction on ALL the campuses in each and every program offered can be averted. I don’t see applicants being able to freely pick and choose which campus they want to attend anymore. County resident applicants and other nearby residents may be given first preference in admissions, based upon GPA, of course. There will be many students turned away in the coming years.

A university degree isn’t the be-all and end-all for every HS graduate. There are many options out there.

None of my children have or will take out student loans, ever. I don’t believe in them.

[bearishgurl]

scaredy, I agree with your post except that my last kid will be starting out in community college. I don’t mind paying for part of 2 yrs of university over and above the aid we get. What I am more worried about is will students be able to finish in 4-5 years (2 yrs CC and 2+ yrs Univ). At the rate the State Univ system has been currently laying off professors and gutting programs, I see EVERY program impacted on EVERY campus, even in “armpits” such as Merced & Fresno. UC is also scaling down programs. How long is it going to take to obtain what used to be a four-year degree if a student has to work themselves up the food chain for a few extra years to take a required 400 level class being offered only on Tuesdays at 2:00 pm every other spring semester with a cap of 30 enrollments? Or attend 2-3 different campuses simultaneously in order to graduate? I think a lot of the layoffs have to do with CSU and UC attempting to eliminate professors right before retirement vesting. It’s getting ridiculous. Right now, a one year vocational school where a student clocks in 8 hrs a day, works and earns a certificate as an HVAC technician looks good. ROP anyone??

We have aid available in the amount of about $3500 per semester for 8 semesters but is it worth it to use it in a school in which you will spin your wheels for 8 years and never graduate from? Something has to be done to restore the programs at the university level in CA and stop the incessant fee hikes EVERY semester for the last 8 years. It that time, CSU has gone up more than 100%!

Also, I think there are and will be more kids from the millenium boom generation graduating from CA high schools than CA public universities have room for. Of course, not all HS graduates attend these schools, but I don’t see how impaction on ALL the campuses in each and every program offered can be averted. I don’t see applicants being able to freely pick and choose which campus they want to attend anymore. County resident applicants and other nearby residents may be given first preference in admissions, based upon GPA, of course. There will be many students turned away in the coming years.

A university degree isn’t the be-all and end-all for every HS graduate. There are many options out there.

None of my children have or will take out student loans, ever. I don’t believe in them.

[bearishgurl]

scaredy, I agree with your post except that my last kid will be starting out in community college. I don’t mind paying for part of 2 yrs of university over and above the aid we get. What I am more worried about is will students be able to finish in 4-5 years (2 yrs CC and 2+ yrs Univ). At the rate the State Univ system has been currently laying off professors and gutting programs, I see EVERY program impacted on EVERY campus, even in “armpits” such as Merced & Fresno. UC is also scaling down programs. How long is it going to take to obtain what used to be a four-year degree if a student has to work themselves up the food chain for a few extra years to take a required 400 level class being offered only on Tuesdays at 2:00 pm every other spring semester with a cap of 30 enrollments? Or attend 2-3 different campuses simultaneously in order to graduate? I think a lot of the layoffs have to do with CSU and UC attempting to eliminate professors right before retirement vesting. It’s getting ridiculous. Right now, a one year vocational school where a student clocks in 8 hrs a day, works and earns a certificate as an HVAC technician looks good. ROP anyone??

We have aid available in the amount of about $3500 per semester for 8 semesters but is it worth it to use it in a school in which you will spin your wheels for 8 years and never graduate from? Something has to be done to restore the programs at the university level in CA and stop the incessant fee hikes EVERY semester for the last 8 years. It that time, CSU has gone up more than 100%!

Also, I think there are and will be more kids from the millenium boom generation graduating from CA high schools than CA public universities have room for. Of course, not all HS graduates attend these schools, but I don’t see how impaction on ALL the campuses in each and every program offered can be averted. I don’t see applicants being able to freely pick and choose which campus they want to attend anymore. County resident applicants and other nearby residents may be given first preference in admissions, based upon GPA, of course. There will be many students turned away in the coming years.

A university degree isn’t the be-all and end-all for every HS graduate. There are many options out there.

None of my children have or will take out student loans, ever. I don’t believe in them.

[bearishgurl]

scaredy, I agree with your post except that my last kid will be starting out in community college. I don’t mind paying for part of 2 yrs of university over and above the aid we get. What I am more worried about is will students be able to finish in 4-5 years (2 yrs CC and 2+ yrs Univ). At the rate the State Univ system has been currently laying off professors and gutting programs, I see EVERY program impacted on EVERY campus, even in “armpits” such as Merced & Fresno. UC is also scaling down programs. How long is it going to take to obtain what used to be a four-year degree if a student has to work themselves up the food chain for a few extra years to take a required 400 level class being offered only on Tuesdays at 2:00 pm every other spring semester with a cap of 30 enrollments? Or attend 2-3 different campuses simultaneously in order to graduate? I think a lot of the layoffs have to do with CSU and UC attempting to eliminate professors right before retirement vesting. It’s getting ridiculous. Right now, a one year vocational school where a student clocks in 8 hrs a day, works and earns a certificate as an HVAC technician looks good. ROP anyone??

We have aid available in the amount of about $3500 per semester for 8 semesters but is it worth it to use it in a school in which you will spin your wheels for 8 years and never graduate from? Something has to be done to restore the programs at the university level in CA and stop the incessant fee hikes EVERY semester for the last 8 years. It that time, CSU has gone up more than 100%!

Also, I think there are and will be more kids from the millenium boom generation graduating from CA high schools than CA public universities have room for. Of course, not all HS graduates attend these schools, but I don’t see how impaction on ALL the campuses in each and every program offered can be averted. I don’t see applicants being able to freely pick and choose which campus they want to attend anymore. County resident applicants and other nearby residents may be given first preference in admissions, based upon GPA, of course. There will be many students turned away in the coming years.

A university degree isn’t the be-all and end-all for every HS graduate. There are many options out there.

None of my children have or will take out student loans, ever. I don’t believe in them.

[bearishgurl]

In answer to your question, Scarlett, parents and students aren’t going to pay for programs they can’t get classes for and can’t finish. They aren’t going to pay to drive several hundred miles per week back and forth to different campuses just to get the classes to finish up. When parents and students figure out that they aren’t getting any value for their money in the CSU and UC systems, then enrollments may fall at such a rate that those system priorities will change in order to sustain itself. Until then, the status quo prevails. The twice yearly fee hikes are all about fueling the retirements of system instructors and employees and keeping their pension fund solvent. Right now, in most degree programs, a student is NOT guaranteed to graduate in four years if they successfully complete all coursework. They are unable to because the classes are simply not offered, or not enough classes are offered to meet the demand of the upperclassmen who have been admitted to a particular program and need those classes for graduation.

[bearishgurl]

In answer to your question, Scarlett, parents and students aren’t going to pay for programs they can’t get classes for and can’t finish. They aren’t going to pay to drive several hundred miles per week back and forth to different campuses just to get the classes to finish up. When parents and students figure out that they aren’t getting any value for their money in the CSU and UC systems, then enrollments may fall at such a rate that those system priorities will change in order to sustain itself. Until then, the status quo prevails. The twice yearly fee hikes are all about fueling the retirements of system instructors and employees and keeping their pension fund solvent. Right now, in most degree programs, a student is NOT guaranteed to graduate in four years if they successfully complete all coursework. They are unable to because the classes are simply not offered, or not enough classes are offered to meet the demand of the upperclassmen who have been admitted to a particular program and need those classes for graduation.

[bearishgurl]

In answer to your question, Scarlett, parents and students aren’t going to pay for programs they can’t get classes for and can’t finish. They aren’t going to pay to drive several hundred miles per week back and forth to different campuses just to get the classes to finish up. When parents and students figure out that they aren’t getting any value for their money in the CSU and UC systems, then enrollments may fall at such a rate that those system priorities will change in order to sustain itself. Until then, the status quo prevails. The twice yearly fee hikes are all about fueling the retirements of system instructors and employees and keeping their pension fund solvent. Right now, in most degree programs, a student is NOT guaranteed to graduate in four years if they successfully complete all coursework. They are unable to because the classes are simply not offered, or not enough classes are offered to meet the demand of the upperclassmen who have been admitted to a particular program and need those classes for graduation.

[bearishgurl]

In answer to your question, Scarlett, parents and students aren’t going to pay for programs they can’t get classes for and can’t finish. They aren’t going to pay to drive several hundred miles per week back and forth to different campuses just to get the classes to finish up. When parents and students figure out that they aren’t getting any value for their money in the CSU and UC systems, then enrollments may fall at such a rate that those system priorities will change in order to sustain itself. Until then, the status quo prevails. The twice yearly fee hikes are all about fueling the retirements of system instructors and employees and keeping their pension fund solvent. Right now, in most degree programs, a student is NOT guaranteed to graduate in four years if they successfully complete all coursework. They are unable to because the classes are simply not offered, or not enough classes are offered to meet the demand of the upperclassmen who have been admitted to a particular program and need those classes for graduation.

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