Why is Biden extending the student loan repayment pause?
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Anonymous
A state school engineering major isn’t being offered a $110k+ job at 22 from MBB or Oliver Wyman. |
Anonymous
It depends what type of engineer but yes they are. I know this because I own an engineering firm. |
Anonymous
Which we then eat. |
maremart
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| If they can bail out banks and airlines, offer huge corporate tax breaks, and cut taxes for the wealthy, what's wrong with doing the same for working professionals? I don't have a problem with it. |
Anonymous
It doesn’t. Which is why rational people are opposed to this unless it is part of a systemic change (which can only be done with Congress, unfortunately) |
Anonymous
| I greatly appreciate some subjects, but I seriously question offering degrees in them for money. |
Anonymous
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Most of the blame should fall on the government (state and federal) both in their defunding universities causing tuition to skyrocket, and in their lack of oversight over universities’ frivolous hiring and building projects.
Little blame should fall on middle and lower class individuals who were trying to better themselves and their families, unless you think middle and lower class Americans are morally weaker than their economic counterparts in Canada, New Zealand, Australia, Denmark, or the Netherlands. That said I don’t know if loan forgiveness is the answer. |
Anonymous
| I’d like corporations like Walmart and Starbucks to continue to offer tuition assistance for workers, but not for crappy asynchronous online degrees. I think in-person college classes have become a hot commodity post-COVID. I saw that last year when many poorer college students felt the need to take all online classes to avoid having to pay rent near campus, while wealthier students moved to campus and took hybrid classes. |
Anonymous
Yes, on average they do. But it depends... like implied originally a social science major from an Ivy can easily make their way into many very high paying jobs almost immediately if they want to. But that isn't because the system isn't a meritocracy. It's because many of those ivy social science majors are actually very intelligent and talented. Engineering degrees are not that valuable, and STEM education overall is hugely oversold. I have an engineering degree. It was never that useful. |
Anonymous
You will never convince me that a sociology or women’s and gender studies degree is harder than a STEM degree from basically anywhere. SO MANY talented kids go unnoticed because of the recruiting practices you’re supposedly fine with. Lots of recruited athletes in sports no one cares about, donor kids and legacies gliding into elite consulting firms. Meanwhile the first Gen kid who paid their own way to get a physics degree with a high GPA from “podunk state” is forgotten. |
Anonymous
It is in no way, shape or form a meritocracy. |
Anonymous
Major eye roll here. |
Anonymous
Agree. With any degree, it is really what you do with it that matters. Many people are just average and that’s ok. Not everyone will use the degree they hold. I have an art history degree but work in tech. |
Anonymous
Does it matter if it's harder? Just because something is harder doesn't mean the person engaging in that something is any good. Engineering is sold as some great thing but reality is it is a pathway to a lifetime of middle class irrelevance. We have more than enough STEM graduates in this country, by all reasonable accounts. The politicians push STEM because it sounds good and is better than pushing people into the careers that made them wealthy, like law. |
Anonymous
The household wealth that has exploded is the boomer household wealth. Boomers don't owe student loans because the Great Generation adequately funded public universities. Of course the boomers then cut funding for those very public universities and gave themselves a tax cut. |