College bubble and housing bubble

[Scarlett]

[quote=edna_mode]I even got a PhD afterwards in a Hard Science, thinking that no matter what, a science/engineering skill set was a) difficult enough to obtain that there would be a perennial shortage of skilled workers compared to the societal need; and b) be valued enough that compensation would remain relatively high.

Well, pharma, biotech, dot coms…all collapsing. The market for PhDs is one of the worst I have ever seen. I have some enormous number of friends who have remained stubbornly unemployed despite doing everything right. I have heard of people leaving the PhDs OFF their resumes in order to compete for entry level positions. And heaven help you if you can’t find a permanent position after your first post-doc. Or if you got a PhD in something where you can’t really get funding for the degree (most biology/chemistry/physics/math programs do provide subsistence wages, and you get the degree with no loans afterwards — one reason why I went for it). I’m frustrated because there is no limit of Big Problems for these bright, highly educated people to work on. The problem seems more to be finding competent management/organizations/funding structures to actually tackle these problems systematically with a results outlook that is somewhere between next quarter and next generation. Certainly this kind of leadership is lacking from government and most business, so who’s going to really innovate (that is, someone who isn’t Steve Jobs bring technologies to wide-scale adoption)?

There’s a bubble not just at the bachelor’s level, and not just in law school. I’m beginning to think that the MD’s had the right idea — limit the number of med schools and admissions to basically guarantee that people who complete their education will be able to pay back the loans and have a job at the end of the ordeal.[/quote]

I agree with everything you say here, Edna – my PhD is in a medical science and luckily it was basically free for me, while I managed to subsist. I’ve heard about leaving the PhD title off the resume, and perpetual postdocs and all that. Actually the PhD bubble was called many years ago, more than 10, I believe it was in “The Scientist” – not with the word bubble but basically too many PhD and too few jobs needing a PhD….

[Scarlett]

AN, it is now harder for the more poor people to attend a good college. If the college bubble popped and college costs went down then it would make it easier – smaller student loans (if needed) or smaller amounts of money needed to be saved.

I still think that teaching kids survival skills and responsibity should be forced upon them, it’s a good life lesson.

[Scarlett]

AN, it is now harder for the more poor people to attend a good college. If the college bubble popped and college costs went down then it would make it easier – smaller student loans (if needed) or smaller amounts of money needed to be saved.

I still think that teaching kids survival skills and responsibity should be forced upon them, it’s a good life lesson.

[Scarlett]

AN, it is now harder for the more poor people to attend a good college. If the college bubble popped and college costs went down then it would make it easier – smaller student loans (if needed) or smaller amounts of money needed to be saved.

I still think that teaching kids survival skills and responsibity should be forced upon them, it’s a good life lesson.

[Scarlett]

AN, it is now harder for the more poor people to attend a good college. If the college bubble popped and college costs went down then it would make it easier – smaller student loans (if needed) or smaller amounts of money needed to be saved.

I still think that teaching kids survival skills and responsibity should be forced upon them, it’s a good life lesson.

[Scarlett]

AN, it is now harder for the more poor people to attend a good college. If the college bubble popped and college costs went down then it would make it easier – smaller student loans (if needed) or smaller amounts of money needed to be saved.

I still think that teaching kids survival skills and responsibity should be forced upon them, it’s a good life lesson.

[an]

[quote=bearishgurl]
AN, if they go to community college for the first two years, it only costs $26 per credit hour. YES, a student can save that amount in HS if their parents are strapped. They may even qualify for a fee waiver! A student loan entraps their future. All kinds of things happen after college. The decisions the student may want to make (in the prime time of their lives to get married and possibly start a family) are severely hampered by exhorbitant student loan debt previously taken out that will never go away, even if consolidated or deferred. I’ve seen this phenomenon repeatedly for +/- 40 year-old fairly “newly minted” attorneys and it is pathetic. They can’t even pay child support for kids they had while in college or after graduation and still be able to live and make their student-loan payments (after consolidation and deferral as long as they can get away with, lol).[/quote]
What does this prove? That some people career didn’t turn out to be as rosy as they hoped? Would 2 years in JC would have changed anything? What about all the other people who got student loans to pay for everything and got a kick ass career and was able to pay for all the student loans w/ ease?

[quote=bearishgurl][quote=AN] Most good schools are in expensive areas.[/quote]

I don’t agree that “most good schools” are in expensive areas. For instance, UC Davis is not situated in a particularly expensive area and it is a very good school for science majors.[/quote]
UCD is one example. For everyone UCD, there’s UCSD, UCSB, UCSF, UCLA, UCB, UCI.

[quote=bearishgurl]I don’t agree that blue collar workers are inferior or make less money than white collar workers. I don’t agree that blue collar workers have a worse life than white collar workers or that there is higher unemployment in blue collar trades than white collar jobs. Remember, blue collar workers typically don’t owe anything in student loans! They can begin their young lives afresh with a decent salary![/quote]
Where did I say blue collar workers are inferior or have a worse life? But they do on average make less than white collar: http://en.wikipedia.org/wiki/Household_income_in_the_United_States

Blue collar does have higher unemployment: http://useconomy.about.com/b/2009/04/14/unemployment-worse-for-blue-collar-industries.htm, http://www.reuters.com/article/2009/05/18/usa-unemployment-men-idUSN1450507420090518, http://www.ideastream.org/news/feature/29881, I can go on but you get the hint.

[an]

[quote=bearishgurl]
AN, if they go to community college for the first two years, it only costs $26 per credit hour. YES, a student can save that amount in HS if their parents are strapped. They may even qualify for a fee waiver! A student loan entraps their future. All kinds of things happen after college. The decisions the student may want to make (in the prime time of their lives to get married and possibly start a family) are severely hampered by exhorbitant student loan debt previously taken out that will never go away, even if consolidated or deferred. I’ve seen this phenomenon repeatedly for +/- 40 year-old fairly “newly minted” attorneys and it is pathetic. They can’t even pay child support for kids they had while in college or after graduation and still be able to live and make their student-loan payments (after consolidation and deferral as long as they can get away with, lol).[/quote]
What does this prove? That some people career didn’t turn out to be as rosy as they hoped? Would 2 years in JC would have changed anything? What about all the other people who got student loans to pay for everything and got a kick ass career and was able to pay for all the student loans w/ ease?

[quote=bearishgurl][quote=AN] Most good schools are in expensive areas.[/quote]

I don’t agree that “most good schools” are in expensive areas. For instance, UC Davis is not situated in a particularly expensive area and it is a very good school for science majors.[/quote]
UCD is one example. For everyone UCD, there’s UCSD, UCSB, UCSF, UCLA, UCB, UCI.

[quote=bearishgurl]I don’t agree that blue collar workers are inferior or make less money than white collar workers. I don’t agree that blue collar workers have a worse life than white collar workers or that there is higher unemployment in blue collar trades than white collar jobs. Remember, blue collar workers typically don’t owe anything in student loans! They can begin their young lives afresh with a decent salary![/quote]
Where did I say blue collar workers are inferior or have a worse life? But they do on average make less than white collar: http://en.wikipedia.org/wiki/Household_income_in_the_United_States

Blue collar does have higher unemployment: http://useconomy.about.com/b/2009/04/14/unemployment-worse-for-blue-collar-industries.htm, http://www.reuters.com/article/2009/05/18/usa-unemployment-men-idUSN1450507420090518, http://www.ideastream.org/news/feature/29881, I can go on but you get the hint.

[an]

[quote=bearishgurl]
AN, if they go to community college for the first two years, it only costs $26 per credit hour. YES, a student can save that amount in HS if their parents are strapped. They may even qualify for a fee waiver! A student loan entraps their future. All kinds of things happen after college. The decisions the student may want to make (in the prime time of their lives to get married and possibly start a family) are severely hampered by exhorbitant student loan debt previously taken out that will never go away, even if consolidated or deferred. I’ve seen this phenomenon repeatedly for +/- 40 year-old fairly “newly minted” attorneys and it is pathetic. They can’t even pay child support for kids they had while in college or after graduation and still be able to live and make their student-loan payments (after consolidation and deferral as long as they can get away with, lol).[/quote]
What does this prove? That some people career didn’t turn out to be as rosy as they hoped? Would 2 years in JC would have changed anything? What about all the other people who got student loans to pay for everything and got a kick ass career and was able to pay for all the student loans w/ ease?

[quote=bearishgurl][quote=AN] Most good schools are in expensive areas.[/quote]

I don’t agree that “most good schools” are in expensive areas. For instance, UC Davis is not situated in a particularly expensive area and it is a very good school for science majors.[/quote]
UCD is one example. For everyone UCD, there’s UCSD, UCSB, UCSF, UCLA, UCB, UCI.

[quote=bearishgurl]I don’t agree that blue collar workers are inferior or make less money than white collar workers. I don’t agree that blue collar workers have a worse life than white collar workers or that there is higher unemployment in blue collar trades than white collar jobs. Remember, blue collar workers typically don’t owe anything in student loans! They can begin their young lives afresh with a decent salary![/quote]
Where did I say blue collar workers are inferior or have a worse life? But they do on average make less than white collar: http://en.wikipedia.org/wiki/Household_income_in_the_United_States

Blue collar does have higher unemployment: http://useconomy.about.com/b/2009/04/14/unemployment-worse-for-blue-collar-industries.htm, http://www.reuters.com/article/2009/05/18/usa-unemployment-men-idUSN1450507420090518, http://www.ideastream.org/news/feature/29881, I can go on but you get the hint.

[an]

[quote=bearishgurl]
AN, if they go to community college for the first two years, it only costs $26 per credit hour. YES, a student can save that amount in HS if their parents are strapped. They may even qualify for a fee waiver! A student loan entraps their future. All kinds of things happen after college. The decisions the student may want to make (in the prime time of their lives to get married and possibly start a family) are severely hampered by exhorbitant student loan debt previously taken out that will never go away, even if consolidated or deferred. I’ve seen this phenomenon repeatedly for +/- 40 year-old fairly “newly minted” attorneys and it is pathetic. They can’t even pay child support for kids they had while in college or after graduation and still be able to live and make their student-loan payments (after consolidation and deferral as long as they can get away with, lol).[/quote]
What does this prove? That some people career didn’t turn out to be as rosy as they hoped? Would 2 years in JC would have changed anything? What about all the other people who got student loans to pay for everything and got a kick ass career and was able to pay for all the student loans w/ ease?

[quote=bearishgurl][quote=AN] Most good schools are in expensive areas.[/quote]

I don’t agree that “most good schools” are in expensive areas. For instance, UC Davis is not situated in a particularly expensive area and it is a very good school for science majors.[/quote]
UCD is one example. For everyone UCD, there’s UCSD, UCSB, UCSF, UCLA, UCB, UCI.

[quote=bearishgurl]I don’t agree that blue collar workers are inferior or make less money than white collar workers. I don’t agree that blue collar workers have a worse life than white collar workers or that there is higher unemployment in blue collar trades than white collar jobs. Remember, blue collar workers typically don’t owe anything in student loans! They can begin their young lives afresh with a decent salary![/quote]
Where did I say blue collar workers are inferior or have a worse life? But they do on average make less than white collar: http://en.wikipedia.org/wiki/Household_income_in_the_United_States

Blue collar does have higher unemployment: http://useconomy.about.com/b/2009/04/14/unemployment-worse-for-blue-collar-industries.htm, http://www.reuters.com/article/2009/05/18/usa-unemployment-men-idUSN1450507420090518, http://www.ideastream.org/news/feature/29881, I can go on but you get the hint.

[an]

[quote=bearishgurl]
AN, if they go to community college for the first two years, it only costs $26 per credit hour. YES, a student can save that amount in HS if their parents are strapped. They may even qualify for a fee waiver! A student loan entraps their future. All kinds of things happen after college. The decisions the student may want to make (in the prime time of their lives to get married and possibly start a family) are severely hampered by exhorbitant student loan debt previously taken out that will never go away, even if consolidated or deferred. I’ve seen this phenomenon repeatedly for +/- 40 year-old fairly “newly minted” attorneys and it is pathetic. They can’t even pay child support for kids they had while in college or after graduation and still be able to live and make their student-loan payments (after consolidation and deferral as long as they can get away with, lol).[/quote]
What does this prove? That some people career didn’t turn out to be as rosy as they hoped? Would 2 years in JC would have changed anything? What about all the other people who got student loans to pay for everything and got a kick ass career and was able to pay for all the student loans w/ ease?

[quote=bearishgurl][quote=AN] Most good schools are in expensive areas.[/quote]

I don’t agree that “most good schools” are in expensive areas. For instance, UC Davis is not situated in a particularly expensive area and it is a very good school for science majors.[/quote]
UCD is one example. For everyone UCD, there’s UCSD, UCSB, UCSF, UCLA, UCB, UCI.

[quote=bearishgurl]I don’t agree that blue collar workers are inferior or make less money than white collar workers. I don’t agree that blue collar workers have a worse life than white collar workers or that there is higher unemployment in blue collar trades than white collar jobs. Remember, blue collar workers typically don’t owe anything in student loans! They can begin their young lives afresh with a decent salary![/quote]
Where did I say blue collar workers are inferior or have a worse life? But they do on average make less than white collar: http://en.wikipedia.org/wiki/Household_income_in_the_United_States

Blue collar does have higher unemployment: http://useconomy.about.com/b/2009/04/14/unemployment-worse-for-blue-collar-industries.htm, http://www.reuters.com/article/2009/05/18/usa-unemployment-men-idUSN1450507420090518, http://www.ideastream.org/news/feature/29881, I can go on but you get the hint.

[an]

[quote=Scarlett]AN, it is now harder for the more poor people to attend a good college. If the college bubble popped and college costs went down then it would make it easier – smaller student loans (if needed) or smaller amounts of money needed to be saved.

I still think that teaching kids survival skills and responsibity should be forced upon them, it’s a good life lesson.[/quote]
What make you think restricting student loans will bring on this supposed bubble? Last I check, there are plenty of well off Indian, Chinese, foreigners who would more than love to take these local’s spot and they can spend much much more.

[an]

[quote=Scarlett]AN, it is now harder for the more poor people to attend a good college. If the college bubble popped and college costs went down then it would make it easier – smaller student loans (if needed) or smaller amounts of money needed to be saved.

I still think that teaching kids survival skills and responsibity should be forced upon them, it’s a good life lesson.[/quote]
What make you think restricting student loans will bring on this supposed bubble? Last I check, there are plenty of well off Indian, Chinese, foreigners who would more than love to take these local’s spot and they can spend much much more.

[an]

[quote=Scarlett]AN, it is now harder for the more poor people to attend a good college. If the college bubble popped and college costs went down then it would make it easier – smaller student loans (if needed) or smaller amounts of money needed to be saved.

I still think that teaching kids survival skills and responsibity should be forced upon them, it’s a good life lesson.[/quote]
What make you think restricting student loans will bring on this supposed bubble? Last I check, there are plenty of well off Indian, Chinese, foreigners who would more than love to take these local’s spot and they can spend much much more.

[an]

[quote=Scarlett]AN, it is now harder for the more poor people to attend a good college. If the college bubble popped and college costs went down then it would make it easier – smaller student loans (if needed) or smaller amounts of money needed to be saved.

I still think that teaching kids survival skills and responsibity should be forced upon them, it’s a good life lesson.[/quote]
What make you think restricting student loans will bring on this supposed bubble? Last I check, there are plenty of well off Indian, Chinese, foreigners who would more than love to take these local’s spot and they can spend much much more.

[Author]

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