Tag Archives: college

Business/Economics, U.S.

What Economic Recovery? No jobs for one & a half million U.S. College Graduates!

I thought that me having a biology degree was a gold ticket for me getting into places, but every other job wants you to have previous history in the field. Everyone is always telling you, ‘Go to college’. But when you graduate, it’s kind of an empty cliff.”-Kelman Edwards Jr,  recent college graduate

A report by Northeastern University’s Center for Labor Market Studies, says 53.6% of college graduates with bachelor’s degree, and under the age of 25, are unemployed or grossly underemployed.

To give you a better idea of the size of the problem, 53.6% is about 1.5 million graduates!

The report was done on behalf of the Associated Press, and used official U.S. government data.

“Simply put, we’re failing kids coming out of college. We’re going to need a lot better job growth and connections to the labor market, otherwise college debt will grow.”-Andrew Sum, Center for Labor Market Studies

Here are college degrees to stay away from: Zoology, anthropology, philosophy, art history and humanities.

The degrees with the best employment chances are nursing, teaching, accounting or computer science.

Some advise from a college professor: “If you’re not sure what you’re going to be doing, it probably bodes well to take some job, if you can get one, and get a sense first of what you want from college.”-Richard Freeman, Harvard economist

Business/Economics, Idaho, International, Technology, U.S.

Class Warfare: Elitist Canada to increase the cost of college, again! This time by 75%! University is a “privilege”?

Provinces across Canada have been increasing the cost of college, just as their neighbors to the south (U.S.A.) are doing.

Currently the cheapest place for Canadians to go to college/university is Quebec. As of March 2012, the average yearly cost for attending college in Quebec is $2,519 CAD ($2,539.91 USD).  But provincial officials want a 75% increase over the next five years!

One student pointed out that college students in Quebec have less debt than other Canadians, and implied that forcing young Canadians into debt was the intent:  “Tuition fees are lower in Quebec than the rest of Canada, but so is the student debt, which is a good impact of low tuition fees.”-Hugo Bonin, attending Concordia

Many people are torn over whether college should be made more expensive, or free.  Many with an elitist attitude say it is a “privilege” not a “right”.  Well in actuality it’s neither!  If our business leaders, and government leaders, are constantly harping about the lack of “skilled” employees, and they are constantly pushing grade school students to “Go On” (higher education campaign slogan used by the state government of Idaho, U.S.A.) so that we can be more competitive in the global economy, then it is not a privilege or a right, it is a requirement!

Why should we pay for college (more like getting into massive debt for life) for the benefit of industry and government?  Unless our leaders are lying to us (would they?) it is obvious that higher education is now a requirement, which means if they want qualified workers then they need to pay for the education to create the qualified workers, goddam it!

So how much is the average price of a “privileged” higher education in the rest of Canada?  $5,366 CAD ($5,410.55 USD)!

Business/Economics, Idaho, Technology, U.S.

What Economic Recovery? Former HP employee, and MBA holder, finds new job by NOT talking about his college education

“Nobody ever thinks, ‘Hey, I’m having trouble getting a job now.  Let me go get this extra degree and I’m sure I’ll still have trouble.’”-Nathan Bussey

In 2008, Idahoan Nathan Bussey lost his coveted job with Hewlett-Packard.  He used the unexpected time off to get an MBA.

Forget the rhetoric coming out of Corporate America, that they can’t find “qualified” applicants, Bussey discovered that having a college degree actually hurt his chances of getting a job.   That’s because the only jobs available don’t really require college.

This year Bussey took a job with a dreaded call center.  He did not tell them about his MBA, because it would’ve hurt his chances for getting hired.  He’s getting paid much less than when he was working for HP, but he and his wife are desperate: “We have no savings anymore. If something happened, if one of us got hurt or sick, we certainly would be in a much worse situation now.  We’ve used our buffer.  That rainy day fund is now gone.”

 

 

Business/Economics, International, U.S.

What Economic Recovery? U.S. Foreign Exchange Student program really covert Slave Labor operation, no wonder Corporate America isn’t hiring

“Working hard, eight hours, we have no opportunity to speak at work.  If I speak, my supervisor comes to me and says, ‘Don’t speak anymore, or I’ll send you home.'”-Yana Brenzey, 19, of Ukraine, foreign exchange student

August 19, foreign college students are protesting in Palmyra, Pittsburgh and Philadelphia, saying the U.S. State Department student exchange programs are really a form of slave labor for U.S. corporations.

Friday’s protests are focusing on the candy maker Hersey, but other companies across the United States are involved.

Foreign students say the work programs that are part of the student exchange programs, do not provide them with money to help them with money to help cover their expenses while in the U.S. going to college.  Instead the corporations deduct from their pay all kinds of expenses, which leave the students with little or no money left over.  Essentially companies like Hersey end up with free labor.

Exchange students had to kick back upwards of $6,000 to the California-based Council for Educational Travel USA (CETUSA).

An organization called National Guestworker Alliance is helping foreign students organize the protests, and has even got federal officials promising an investigation. This after students in New Orleans reported being “made captive” by their employers.  Protests in New Orleans started on August 17, where’s the main stream U.S. media?

Most of the media coverage of these protest are in local newspapers.

 

 

 

 

 

 

Business/Economics, Idaho, U.S.

What Economic Recovery? Debt Limit deal screws college students, what happened to Obama’s promise?

Some government loans for college graduate students covered, or forgave, the interest payments while the student was still in school.  Not anymore: “They will be responsible for the interest while they’re going to school, beginning in the 2012/2013 academic year.”- James Martin, Idaho State University Associate Director of Financial Aid

You can thank the Debt Limit deal just signed into law by President Obama.

For some students who have to take the maximum loans, it could mean paying $207.00 per month in interest, while they’re in school.  That would mean they would have much less of their loans to live on.

Many graduate students at Idaho State said they might not be able to continue their higher education: “So I think taking away the subsidized, which most of my loans are, I don’t think I would have attended this program if they had done that.”-Chris Thurston

“You know, I know they have to make cuts somewhere, but unfortunately it’s the one that will affect me. But you just gotta do what you gotta do.”-Zach Migel

“If we don’t have the ability to pay for it, we’ll go for not the top notch schools, we’ll go for cheaper schools, cheaper programs.”-Sheila Mitchell

On top of the ending of the interest subsidies, the Debt Limit deal also ends a credit for students who make 12 on time loan payments.

Business/Economics, International, U.S.

No Economic Recovery for U.S.: China offers U.S. college students free education

“We hope the scholarships will encourage American students to delve into China studies and other subjects in China in earnest.”-Zhang Jin, education exchange program

China’s Ministry of Education is ready to offer full university scholarships to  students from the United States.  The program actually started last year, and was officially announced in April of this year.

China has a plan to attract 500,000 foreign students to its universities by 2020.  The plan also supports U.S. President Obama’s desire to send 100,000 U.S. students to China (so much for Obama’s support of U.S. higher education).

If you want to check out the full scholarship go to www.studyinchina.edu.cn , click on “english” to get the English version of the site.

 

 

Business/Economics, Opinion, U.S.

What Economic Recovery? Obama spouts the neccesity of higher education, but Middle Class is now officially unable to pay for it

“We’re seeing further differentiation in incomes, with the rich get richer and the poor getting poorer. Meanwhile, the middle class often claims they’re too wealthy to get student aid, yet too poor to afford college.”-Mark Kantrowitz,  FinAid.org and FastWeb.com

President Barack Obama is constantly stumping for higher education as a way to recover the U.S. economy, the problem is most people in the United States can’t afford to go.

According to a CNN/Money report (based on the findings of the College Board), tuition and fees have skyrocketed 130% in the past 20 years, while incomes for the majority of U.S. workers have stayed relatively the same.  By the way a recent IRS report says the same thing about U.S. incomes.

In 2008 median income was $33,000, when adjusted for inflation that means the average person was making $400.00 less than in 1988 (I knew I wasn’t crazy).

In 2008 tuition and fees averaged $6,500 per year, which is 130% more than what they were in 1988.

What happened to financial aid?  Obama ran for president partly on a promise to make more federal aid available.  Didn’t happen.  According to the College Group, the maximum federal aid (which includes loans, which should not be considered “aid” ’cause you have to pay it back) has remained stuck at 1992 levels; only $23,000  (by the way that “aid” is limited, so if you don’t get a ‘four year degree’ in ‘four’ years, which is actually the reality for many, you don’t get anymore federal “aid”).

Two trends have developed as a result: Families hell bent on their kids getting worthless degrees (I have one, from Idaho State University) are getting deeper into debt (isn’t that part of our country’s economic problems?).  The other bigger trend is that people are delaying entry into college, or just saying “forget it, it ain’t worth it”.

Here’s a sobering thought: According to Mark Kantrowitz, the cost of higher education is such that many of today’s college students will still be paying their student loans when their children are college age!  That is a sure sign that college is no longer “worth it”!

 

Business/Economics, Idaho

Idaho Higher Education a Must by 2018. Political Candidates Fail to Help Idaho Students

According to a Georgetown University study, Idaho will see an 61% increase in jobs requiring some level of higher education, by 2018.  Last night, during the Idaho gubernatorial debates, all three candidates, Gov. C. L. “Butch” Otter, Keith Allred and Jana Kemp, failed to explain how they would help Idahoans with college.

The candidates seemed to miss the fact that the number one issue with potential college students is cost.

As a non-traditional college graduate (I went to college late in life because it seemed like the only way to progress in the workplace was to get a degree) I can tell you the piddly grants are not enough, you must get student loans.  I also worked part time because the loans did not cover my family’s living expenses.  But who wants to get a loan that will be with you until you die?  I was never told how student loans are exempt from bankruptcy, or about the cases where graduates lost their apartments, and their jobs, because they couldn’t make the full student loan payment.  Why couldn’t they make their payments?  Because the jobs they got with their degrees didn’t pay them enough.  I also learned that it’s only the Federal loans that can be deferred.  I have two private loans and they could care less that I can not make their full monthly payments.  One of them actually sent me fake court documents with a letter that said if I didn’t start paying in full, that the next court documents would be real.

My oldest daughter is currently working full time in Boise, and she attends Boise State University thanks to student loans (even working full time she can’t afford the college expense).  My other two adult kids have decided that if the cost of going to college means getting into lifelong debt, then it’s not worth it.  They are right!  Crap, I could have bought a house with the money I owe for college, and it would have been a better investment!

So what did Otter, Allred and Kemp have to say about the issue of higher education?  Basically they all agreed that it was an issue of concern, because Idaho was going to need more college graduates for its workforce.  Otter and Allred said students should look into going to a community college, if they are worried about cost.

Eastern Idaho Technical College says its part time credit fee is $82.00, full time fee of $884.00.  Idaho State University (my Alma mater) says its current part time fee is $273.00 per credit (much more than what I paid), full time $2,708.00.  That’s a big difference between an eastern Idaho vo-tech and an eastern Idaho university.  Don’t forget those are just the credit fees. There are other fees and book costs, all of which have been going up.  Also, the per credit cost of the vo-tech seems low, but, that is only $60.00 less than what I paid when I started attending ISU.

When it comes to money, potential college students are not dumb.  Why get into debt when the job you get with your degree most likely will not pay you enough to meet living expenses and your student loan payments?  Vo-tech seems the most practical choice, and they usually help you find a job with your degree.  But if your sights are set on a higher degree forget it.

Jana Kemp talked about, basically, an add campaign to raise awareness of the importance of higher education. That is already happening, but it doesn’t address the concerns of students, and their families, about affording college.

Keith Allred mentioned a program where high school students can get college credits by enrolling in courses run by colleges.  That’s true, but, you still have to pay a per credit hour fee, and for some families it’s still unaffordable.

Butch Otter mentioned the expansion of financial aid, but the majority of so called financial aid still comes in the form of loans.

So, once again, the problem is cost. Is it affordable, and can the student avoid a huge debt burden?

Essentially, not one of the candidates said anything about bringing down the actual cost of higher education, or making it easier for students to pay for college without incurring a heavy debt burden, or making sure the jobs that want college graduates will pay enough to cover all expenses.  Even though all three candidates are college and university graduates, it appears they are out of touch with the current reality of getting a higher education.