tag:blogger.com,1999:blog-27946614.post608513585335935087..comments2024-03-07T14:43:21.888-08:00Comments on Whatever I want to write about: Are the feds helping students with easy loans? Hint: NO!Sriram Khéhttp://www.blogger.com/profile/06907731254833435446noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-27946614.post-47547445722394026522015-02-22T20:02:39.049-08:002015-02-22T20:02:39.049-08:00Anne, yes, families' priorities and the priori...Anne, yes, families' priorities and the priorities that the young adults have are certainly a factor. But, only one of the factors.<br />The "wwaaayyyy out of their price range" is why we started public universities in the first place. Back in the 1950s, 60s, even through the 70s, public university costs were remarkably low because they were highly subsidized by taxpayers. But then, when the "others" started attending college in huge numbers, we started reducing the taxpayer support. Who were the others? First the white females. Then the non-white males. And then the non-white females too. <br />Thus, back in the 1960s, attending a state school, while working minimum wage jobs, was possible and graduating loan free happened. Not anymore. If you look at the ratio of public tuition+fees to minimum wage rates, it is a shocker on how much it has grown.<br />Anyway, now the whole damn thing is messed up :(<br /><br />Ramesh, when you are done with the road trip, watch the movie "Thank you for smoking" ... Sriram Khéhttps://www.blogger.com/profile/06724218458246880137noreply@blogger.comtag:blogger.com,1999:blog-27946614.post-38719286309350315842015-02-22T17:26:05.394-08:002015-02-22T17:26:05.394-08:00Love this post as well as the two commenters who h...Love this post as well as the two commenters who have immensely enriched this discussion.<br /><br />Oh you earn your paycheck allright, but the issue you raise is a very rich one. How right is it to earn a salary, doing good work, when the ultimate end result is dodgy in some respect. Its been an issue that has troubled me too in the corporate world - would it be right to work in a cigarette company ??<br /><br />Anne - completely agree with you. I am not sure what exactly are the social circumstances in US families, but priorities are a big part the issue.Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-27946614.post-40813330467783210822015-02-21T20:41:12.129-08:002015-02-21T20:41:12.129-08:00I understand your points but wish to offer two dif...I understand your points but wish to offer two different perspectives.<br /><br />How much of the loan default issue is caused by parents who cannot say no? How many of these students were raised by parents who spent credit cards up to the limit and took out second mortgages to pay for things they could not afford just because they didn't want to say no to their children? I'm talking about simple things like going out to dinner weekly or buying expensive clothing as well as grander things like annual trips to Disney. The parents never taught the children that some things are financially out of reach; the children never heard, "we can't afford that." As such, the children attend colleges wwaaayyyy out of their price range and take out loans they may or may not pay back until they are 40 because 'not being able to afford' something is a foreign concept. <br /><br />I wonder how much of this is caused by poor budgeting as a result of skewed priorities. When I was just out of college, I drove a ten year old car because it was paid for, and I couldn't afford a new one. I couldn't have afforded an IPhone. How many students consider new cars, new phones and brand name clothing as necessities rather than luxuries and therefore have no money left to pay the loan? Is the so-called entitlement generation causing its own problems?Anne in Salemnoreply@blogger.comtag:blogger.com,1999:blog-27946614.post-55329153149184965552015-02-21T17:45:50.187-08:002015-02-21T17:45:50.187-08:00Oh, you made my day, Mike.
Thanks.
You have no...Oh, you made my day, Mike. <br />Thanks. <br />You have no idea how much such feedback mean to me--as a faculty and as Sriram.<br /><br />Good luck with your papers.Sriram Khéhttps://www.blogger.com/profile/06724218458246880137noreply@blogger.comtag:blogger.com,1999:blog-27946614.post-74622507476838872612015-02-21T02:07:00.334-08:002015-02-21T02:07:00.334-08:00Sriram, you are one of a few professors that truly...Sriram, you are one of a few professors that truly earn your paycheck. All of those teachers have one thing in common: they really want their students to learn.<br /><br />It isn't enough for a hard-working student entering your class to leave with an 'A' because they understood, but that student must feel that they've gained something for you to be happy with your class.<br /><br />This former student is awake at 2 AM writing papers on subjects that will quickly pass from memory afterwards. The fact that I choose to return to your blog to learn more from you should be evidence enough that your paycheck is not 'blood money'.<br /><br />In a piece that I am much to lazy to hunt down and source right now, I heard that college is still worth it from a monetary standpoint; in a 50-year career, the increased pay will cover the cost of the degree. That is good news for my wallet, but it is even better to know that I will leave college with a greater appreciation of the world. Classes such as yours give me that, and that is priceless.Mike Hothnoreply@blogger.com