Shed a tear for the grown adults who took out
gigantic federal loans for a master's degree
worth nothing
Hot Air,
by
Allahpundit
Original Article
Posted By: Dreadnought,
7/10/2021 12:48:36 AM
Carve out some time this weekend for this WSJ piece, one of the best hate-reads I’ve had in ages. It’s long but I promise that it’s worth it.
How often do you a read a major investigative piece in which literally every person mentioned in it sucks?
The Journal pulls back the curtain on a preposterous higher-education scam run by corrupt elite universities like Columbia at the expense of imbeciles who can’t manage a budget and lavishly enabled by the federal government, which of course also can’t manage a budget. During the Bush era, the feds passed a new loan program called Grad Plus
I shed no tears for the willfully stupid.
34 people like this.
Reply 2 - Posted by:
DARling 7/10/2021 1:22:48 AM (No. 841016)
Boo hoo. Not for them, but for the taxpayers who will eventually have to eat those loans. Imagine being the guy who couldn't afford college and who is making a living putting on roofs in the middle of summer. Then imagine your tax dollars being spent on whiny, entitled Ivy Leaguers who have hundred of thousands in debt and no job to show for it.
33 people like this.
Reply 3 - Posted by:
Californian 7/10/2021 1:30:40 AM (No. 841025)
I went to a public school. I paid for it with a job I had while in school. It took longer than 4 years because I was working so much. I graduated debt free. Never had a loan or grant or anything of the sort. No free money.
Screw these useless little dummies who smoked their way through school who now demand my hard earned tax dollars to pay for their 6+ years of smoking pot and partying and the politicians offering up my money to buy their votes.
48 people like this.
Reply 4 - Posted by:
DVC 7/10/2021 1:39:03 AM (No. 841030)
My parents paid about $2500 per year, total, for my undergraduate education. I covered my masters degree costs entirely myself by working during the terms and summers. I graduated with zero debt.
I lived dirt cheap, worked several jobs at the same time, ate dirt cheap, rode my bicycle most of the time and have zero sympathy for these fools.
45 people like this.
Reply 5 - Posted by:
Zeek Wolfe 7/10/2021 1:39:20 AM (No. 841032)
When I earned my BA and applied for grad school, I calculated down to the last buck how much money I would need. I also learned about employment opportunities in my field. If there were no jobs available I could find other work. California, for example, allowed me to become a real estate broker by passing the all day exam and presenting my diploma. Big bucks, believe me! I amount of money I borrowed was small and I worked my way to an MA. I even spent a summer working on a turkey farm. Not using my MA now, but one day I will. Real Estate is very lucrative.
19 people like this.
Reply 6 - Posted by:
Strike3 7/10/2021 1:42:00 AM (No. 841034)
A few hours of research into the chances of turning a degree into a dream job might reveal that it's just that, a dream. However, if they had that little amount of sense they would not be in the situation they are in. These idiots are the ones clamoring to have their college debt forgiven. The government should not be in education because it has screwed up every facet of it.
20 people like this.
Reply 7 - Posted by:
babsathome 7/10/2021 2:09:18 AM (No. 841049)
One of eight siblings single of working mother. Worked full time and saved to go to a State Teacher college. Thought I wanted that but learned STEM was the way for me . Continued working and got Masters in a Science still in a state school. My loans are
Paid. Raised 3 kids-all engineers that love art. Proud of them. They are well rounded, support themselves, pay their taxes. No free lunch for the lazy.
26 people like this.
Reply 8 - Posted by:
Trigger2 7/10/2021 2:13:36 AM (No. 841050)
These are the losers St. Biden wants taxpayers to pay for.
17 people like this.
Reply 9 - Posted by:
RuckusTom 7/10/2021 3:00:28 AM (No. 841068)
It's kind of like the housing market back in the 90s and 00s. Give out loans to anyone with a heartbeat and things can go sideways pretty quickly. Thankfully, the student loan situation is nowhere near as big as the housing bubble - just a trillion or two. /s
15 people like this.
Reply 10 - Posted by:
Sully 7/10/2021 5:18:50 AM (No. 841100)
"
(Modify the) Grad Plus program so that the schools are on the hook for any loans that aren’t repaid rather than taxpayers.
"
Of course! Make the billionaire loan sharks pay.
How about prosecuting them for fase advertising, predatory lending, and phony merchandising.
That they do this via the USPS is another crime.
16 people like this.
Reply 11 - Posted by:
HisHandmaiden 7/10/2021 5:23:09 AM (No. 841102)
Was blessed where I worked, they paid for my MBA if I continued there three more years... Stayed nine in VA, then five more in CA, a classic class company culture, very rare now, sadly.
MAGA
15 people like this.
Reply 12 - Posted by:
PChristopher 7/10/2021 5:40:00 AM (No. 841109)
If you were stupid enough to go into massive debt for some sort of useless degree that will never earn you what it cost, then don't come crying to me about fair or how much a latte takes out of your food budget...get back to digging ditches... assuming you have the strength to lift a shovel after years of doing nothing but spouting Marx in the Hamptons.
19 people like this.
Reply 13 - Posted by:
EJKrausJr 7/10/2021 6:18:05 AM (No. 841121)
A childhood of participation trophies has primed a generation of mindless idiots. It's nice to have a degree in Middle Ages Archeology that cost $200K in college loans. But how many jobs are there in the world for an Archeologist to dig up Middle Age finds. Not many. Continue to enjoy paying off that loan.
13 people like this.
Reply 14 - Posted by:
Bur Oak 7/10/2021 7:08:30 AM (No. 841132)
Colleges and universities are complicit in fraud for offering worthless degrees. Many students should be going to a vo-tech school to learn a trade instead of wasting time and money at a college or university.
17 people like this.
Reply 15 - Posted by:
MSUDoc 7/10/2021 7:32:41 AM (No. 841147)
The hubris of the schools is nauseating, as is the entitlement mentality of the students.
A pox on both.
13 people like this.
Reply 16 - Posted by:
homefry 7/10/2021 7:48:38 AM (No. 841166)
Borrow money, pay it back. Thats the way I was raised.
Another thing was, IF I owed you money due say, next Friday, and could not pay on Friday as promised, regardless of the reason, I was to show up personally and explain why in the hell I could not.
13 people like this.
Reply 17 - Posted by:
smcchk 7/10/2021 8:23:35 AM (No. 841191)
These universities which are so expensive are not usually sitting on a huge endowment. Ask THEM to help out their own graduates.
10 people like this.
Reply 18 - Posted by:
franq 7/10/2021 8:41:53 AM (No. 841200)
Some people just love the sound of their own voice. In my experience, these types go for advanced "education".
6 people like this.
Reply 19 - Posted by:
Ida Lou Pino 7/10/2021 8:54:42 AM (No. 841214)
FTA: "The only way to end this repulsive scam, I think, is to amend the Grad Plus program so that the schools are on the hook for any loans that aren’t repaid rather than taxpayers."
No! No! No! That's NOT the "only way." The BEST way is to completely end all government involvement with education. Let each individual choose - - and pay for - - whatever education he or she wants.
Only suckers believe that the government is here to help.
9 people like this.
Reply 20 - Posted by:
msjena 7/10/2021 9:38:16 AM (No. 841269)
The colleges bear some of the responsibility. They take the money, knowing that many students will be unable to pay it back. In fact, they actively promote taking out loans to cover their exorbitant tuition. The Obama administration also bears some of the blame. They took over the student loan program that was previously a partnership with private banks. For graduate school, students still had to show need to get loans, including parental ability to contribute. There were also limits on borrowing and low interest rates. When the government took over, all graduate students were considered independent from their parents, loan limits were increased and interest rates were jacked up to 7% or higher. Colleges no longer gave grant money to graduate students. This is an unholy alliance between the government and the colleges. Yes, the students are technically adults but how many people in their early 20s who have never had a full-time job can fully understand the consequences of their actions?
4 people like this.
Reply 21 - Posted by:
bigfatslob 7/10/2021 9:59:02 AM (No. 841290)
My sympathy meter and eyes just don't water for these moronic fools. Higher education is just remedial education you should have learn in high school except now you pay for it. The end game is Biden baling them out with taxpayer money for their votes.
2 people like this.
Reply 22 - Posted by:
MDConservative 7/10/2021 11:35:39 AM (No. 841378)
Big Education needs some love, too. Gee, everyone else gets subsidies, and getting a college education, especially advanced degrees, is a real moneymaker for the providers. The suckers will pay for the class tie...but they need the dough, first. Enter the US Government. Who could oppose "loans" for all this?
A friend's daughter has a Masters of Social Work from Columbia. Cost a mint. And she has a great job that she could have had with a bachelors from any hypenated state school. And talk about the debt incurred...
You can't fix stupid.
4 people like this.
Reply 23 - Posted by:
mc squared 7/10/2021 11:40:53 AM (No. 841383)
Whatever Hussein Obama paid for his elite education, (I doubt HE paid anything) it was certainly worth it to him and his Sugar Daddies.
1 person likes this.
Reply 24 - Posted by:
Faithfully 7/10/2021 6:53:28 PM (No. 841642)
Calm down everyone. Back in the seventies every job I applied for demanded a post secondary school degree. There were no entry level, prove yourself and your intelligence, opportunities for HS graduates. Only connections, as I fortunately had. Kids enrolled in the most useless courses for a degree. So many were as dumb as posts but Hey! they had a degree. Nothing has changed. The Universities made out like bandits.
1 person likes this.
Reply 25 - Posted by:
MickTurn 7/11/2021 10:20:20 AM (No. 842169)
Yep, in Universities there are the Apprentice Baiters, Journeyman Baiters and the Master.......
1 person likes this.
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