Educational inflation - Wikipedia

My grandpa was a white collar worker at Ford. He made six figures a year like 50 years ago. That’s like a billion bucks. He travelled a lot, all expenses paid and a company car every 2 years. Every city he went to people offered him new jobs for more money. He only had a highschool diploma. That same job now requires a masters degree. Education inflation is real. I had a friend who had a bachelor’s in business degree and that was the requirement for a customer service job answering phones for $15 an hour. So keep reading books kids.

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Do you think banks have a stock in student debt portfolios?

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Do you think money makes the government and big business work? Do you think money shapes the media?

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I looked it up. In Belgium 50% of women and 40% of men have a higher education degree.

25 years ago it was 25%.

More degrees to choose from.

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Its actually a disgusting kind of altruism that people will meet all social expectations of integration rather than just meet their own needs and wants

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With specialization increasing in society soon you’ll need an associates degree to be a Walmart greeter.

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I think there is a real chance of the trend reversing.

With shortages in employees here, more and more companies are training on the job.

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My buddy is trying to get into a chemical factory that pays $34 an hour with a highschool diploma. But how long before they raise the requirement? Better to get grandfathered in or go to a trades school maybe less debt. Maybe more pay.

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Education is very heavily Government funded here.

Higher education tuition is only around €1,100 a year.

The most expensive part is living expenses which can be €10K-€15K a year.

But in my first degree, I stayed at home for the first 2 years and commuted since I was still a minor.

It did reduce the bill for my mom.

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I think pricing and how educational institutions determine this is very murky.

Like, what exactly does “tuition” entail, and how does one arrive at a particular price point of value for this?

Just to give an example, I went to a private university in the Northeast. In 2006, one year of attendance (with all the bells and whistles included) ran about $54K.

A cursory google search says this university’s cost for one year is now $82K. For one year.

Tuition alone is $62K.

This ■■■■ is outrageous.

Full disclosure: the only reason I went to such an expensive school was because it was the best one I got into and they gave me a bunch of money.

Without filling out the FAFSA and qualifying for need-based grants and earning scholarships, I never would have gone there.

There needs to be more transparency in higher education— specifically costs, as well as post-academic prospects. They inflate prices as well as prospects, and that is just not cool.

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The US is the wild Wild West when it comes to education.

Almost all universities are public in Belgium and it’s regulated how much tuition they can ask.

Edit: I was accepted in a prestigious business school in Australia later on for an MBA and their tuition is over A$100K for a year. But I’m glad I didn’t do it. Because of sz it would have been a waste of money @Schztuna

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That’s the key, I think.

But when policymakers and politicians in the US hear the word “regulate,” they get nervous about messing with a free market.

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Getting accepted into a prestigious program is amazing— congrats to you @Jonathan2 :+1:. Sometimes life just happens, and in hindsight we can look back and think, “glad I made a different choice instead.” Kind of cosmically funny how things work out sometimes.

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Yes and also some jobs like teachers wages haven’t increased significantly in decades. I saw something about how like 20 years ago the salary of a teacher was like 60,000 and about the same today :smile: whereas cost of living has probably doubled. Not exact figures but you get the gist of what I’m saying.

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I still believe in college, but I chose an affordable route (no student loans).

Maybe I’m just lazy and don’t want to work lol.

Some of the most successful people (super rich) didn’t go to college or dropped out.

Just out of curiousity, I googled a local private nursing school and total cost for a BSN is like 200k.


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Sounds like my step brother in law

He has people falling over to pay him more money

I did a lot of searching for schools due to cost. My area is crazy expensive, but a lot of schools that offer online degrees (I looked into physical schools that are accredited by their area’s association for higher education institutes) are way more expensive down south with an online rate instead of an out-of-state rate. If anyone wants to school, look around- it’s possible to find something more affordable than you may realize.

Having said that, I agree with @2Waynez 100%. I’m getting a finance degree when I’ve already had a job in finance. It’s so stupid.

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A lot of higher education is a racket.

I say only do it if you can pay for it with grants etc. Absolutely don’t take out any loans. Especially federal loans where they can garnish your wages.

Like @Happy_H said though there are still some affordable colleges. You just have to really dig for them.

If I could do it all over again I would’ve gotten out of the military and learned a trade. Not go to dumbass film school. But you know what they say about hindsight and all.

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Our son went to a trade high school. Didn’t cost us a thing, and he came out OSHA certified.

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