There was a time when Christian missionaries were renowned for their simple lifestyle. They would leave the comfort of their homes, often in western countries, to live in Africa.
Remember the housing meltdown? The formula for the housing boom and bust was simple. That money was then spent on homes with the expectation that the price of the home would go up and it could easily be flipped or refinanced at a profit. As long as prices kept on going up, everyone was happy.
And prices kept on going up. And as long as pricing kept on going up real estate agents kept on selling homes and finding money for buyers. Until the easy money stopped.
First sales slowed, then prices started falling and then the housing bubble burst. We know the rest of the story. We are still mired in the consequences. Can someone please explain to me how what is happening in higher education is any different? Its far too easy to borrow money for college.
Did you know that there is more outstanding debt for student loans than there is for Auto Loans or Credit Card loans? The 37mm holders of student loans have more debt than the mm or so credit card owners in this country and more than the all of the debt on cars in this country.
While the average student loan debt is about 23k.
We freak out about the Trillions of dollars in debt our country faces. The point of the numbers is that getting a student loan is easy.
You know who knows that the money is easy better than anyone? The schools that are taking that student loan money in tuition. Which is exactly why they have no problems raising costs for tuition each and every year.
Raise prices and easy money will be there to pay your price. Right now there is a never ending supply of buyers. Its the collegiate equivalent of flipping houses. In fact they will realize that college may be the option for fun and entertainment, but not for education. Prices for traditional higher education will skyrocket so high over the next several years that potential students will start to make their way to non accredited institutions.
As an employer I want the best prepared and qualified employees. I could care less if the source of their education was accredited by a bunch of old men and women who think they know what is best for the world.
I want people who can do the job.
I want the best and brightest. Not a piece of paper. The competition from new forms of education is starting to appear.
Particularly in the tech world.The Rising Cost of Not Going to College. For those who question the value of college in this era of soaring student debt and high unemployment, the attitudes and experiences of today’s young adults—members of the so-called Millennial generation—provide a compelling answer.
The people who best know the education advocacy work of Betsy DeVos, the billionaire tapped by President-elect Donald Trump to be his education secretary, are in Michigan, where she has been.
As chairman of the American Federation for Children (AFC), the nation’s leading school choice advocacy group, Betsy has been a national leader in the fight to boldly reform America’s broken education system by giving parents more options for their children’s education. As a result of AFC’s work, over one million children are now in the school of their parents’ choice, instead of.
More than , users of the Better Life Index around the world have shared their views on what makes for a better life. Aug 19, · So in that sense, money is better than education because it allows you to pay your bills, just having an education does not.
But a well-educated person is more likely to earn more money, and thus have better living conditions (and own more stuff) than a non-educated person. Money is better than education. Because with money you can get Education but with education always getting money is doubt.
I have met plenty of people in my PG(Paying Guest) in Bangalore with higher degrees like timberdesignmag.com MBA, MCA, etc working in BPOs and hardly getting salary of 20k/month.