geez you guys are dense. where the fack did you two get your education? i compared for-profit and non-profit schools from a value perspective. no matter what school you pick they have the same thing in common. 300k+ MIT undergrad or a 50k+ Devry undergrad are both overvalued and overpriced. so yea, they are all the same. except... as i already stated, in our society one is acceptable and the other is not.
Yes, from a value perceptive, an engineering degree from any decent public 4 year university is FAR more valuable than any for-profit degree. Where the fak did you receive your education from? I could understand your sentiments if you attended Sam Houston State with a humanities major. Also, I hope you know most MIT student don't pay full tuition... not even close. "Last year, MIT awarded over $91.9 million in MIT Scholarships to undergraduates. The average student loan debt for those who borrowed is $23,537; the average annual starting salary for graduates is $83,455." -http://mitadmissions.org/afford/basics
I'm not sure what point you are trying to make. I also had no idea MIT was over $20,000 a semester. sheesh. I wonder how many diseases have been cured, and inventions discovered from Devry and ITT grads.
Except that the problem we're dealing with is what people who have completed a real university (and not for-profit) level economics class call an " externality" - it is not a good that you purchased, it is not a good I purchased, it is a good (of dubious value) that somebody (often, of dubious capacity) was induced to purchase and you and I were forced to pay for it. Nobody is asking you to sue COCO or Apollo or whatever - you couldn't if you wanted to. The proper remedy here is the regulatory apparatus under whose authority and who guarantees the loans that are issued to modify the condition of the issuance of those loans - to prevent fraud and abuse, as well as to prusue legal remedies for which they have standing - which is precisely what happened in terms of a lot of the online university scam peddlers. In a rational universe, we would (and do) say - "wow, this is way things are supposed to work" An externality occurred due to lax oversight, the government (which actually is the party being harmed as well) acted to close it by cracking down on the perpetrators. In the universe where dried cheese doodle dust collects on a wilted copy of the Fountainhead - this apparently constitutes a crime against humanity and slavery because...it just does. Your universe sucks, stay in it.
Ouch. But ftr, the dumbest people I came across while at SHSU majored in entrepreneurship. Which, holy crap, talk about a scam major. Either you're entrepreneurial or you're not; a formalized classroom setting won't change that. Might as well major in accounting or statistics or engineering or really almost any STEM subject that might actually help you in your entrepreneurial endeavors. I am certain many entrepreneurship majors went on to participate in some MLM schemes. Also "music therapy" was a major which seemed ridiculous.
:grin:.. I kinda threw Sam Houston State under the bus there... Honestly, I don't know enough about the school or humanities to make a judgement on value so don't mind me There's a 4 year program for JUST entrepreneurship? Now that's lol worthy. Don't they have like 2 day seminars for something like that?
Ya, I would assume a business admin degree or even better an MBA would cover the whole 'entrepreneurship' concept. A whole major dedicated to that? That seems absurd. I would really like to see a 4 year course plan for such a major.
I don't know if it's rare; I just thought it was an odd thing to major in, and I personally knew a few dumbasses who majored in it.
its a BBA course plan with 6-8 classes in entrepreneurship. I knew a guy who did it, he wasn't tarded. you get a bba
A BBA in Entrepreneurship is likely very similar to other generic business disciplines like Business Administration and the illustrious degree that carry, Business Management. Typically, the only difference between different business degrees is a handful of electives. Hell, I was one or two course away from having a minor in Information Systems.
The government is protecting the taxpayer's $$$. If I remember correctly 80-90% of their students are funded through gov backed student loans. Since these degrees are practically worthless, a ridiculously high % of the students end up defaulting on their loans and ends up being paid by the taxpayers.
I thought you couldn't declare bankruptcy on student loans, they will garnish your wages or do what they have to do to get that money.
I don't think you can default on federal student loan. They can garnish your wages, and you can't declare bankruptcy.
From what I remember, for federal student loans there is no easy way to discharge that debt. Also, I am no lawyer, but defaulting (missing payment) on a loan is not a declaration of bankruptcy.
You can get the loan discharged if you can prove the debt repayment will cause undue hardship, which I assume should be pretty easy for the majority of ITT students due to the abysmal job placement rates and general lack of pay increase.
current ITT students can get their debt forgiven under the closed school provisions -- no need to prove hardship. https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/closed-school Tough call....do you transfer your credits (from a school the gov't felt was so useless they shut it down ) to another program, or have your debt forgiven?
