Just How Hard is University to Overcome
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Saw this on a job requirement today.
Education Requirement(s): Bachelor’s Degree with 6+ years OR Master’s Degree with 4+ years OR 8+ years applicable business experienceSo if you assume that you started trying to work in the industry as soon as you graduated from high school and that you graduated at 18 (doesn't actually matter the age, the difference is the same)...
Bachelor degree would require you to be 18 + 6 + 4 (minimum reasonable for a BS degree) = 28
Master's degree would require you to be 18 + 4 + 6 (minimum reasonable for an MS degree) = 28
High School only would require you to be 18 + 8 = 26So a two year penalty if you managed to do college at the assumed speed. If you took a more average amount of time to get through school, then the college path hurts even more.
So even if the HS only grad wasn't paid at all for eight years and only did volunteer work, they'd still potential have a two year leap on the college grads, even if their college was free. But assuming that the one was paid to work those years, and the others paid for schooling, the gap becomes enormous.
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@scottalanmiller
That was a pretty good video till the end. A nice walk through Sallie history. -
@pmoncho said in Just How Hard is University to Overcome:
@scottalanmiller
That was a pretty good video till the end. A nice walk through Sallie history.Yeah, I really liked that one, and good history that really no one is aware of.
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@scottalanmiller said in Just How Hard is University to Overcome:
@pmoncho said in Just How Hard is University to Overcome:
@scottalanmiller
That was a pretty good video till the end. A nice walk through Sallie history.Yeah, I really liked that one, and good history that really no one is aware of.
I only knew about half of what he mentioned. Nixon, like other past presidential ideas, didn't pay attention to the law of unintended consequences. Maybe they do and just don't care.
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@pmoncho said in Just How Hard is University to Overcome:
@scottalanmiller said in Just How Hard is University to Overcome:
@pmoncho said in Just How Hard is University to Overcome:
@scottalanmiller
That was a pretty good video till the end. A nice walk through Sallie history.Yeah, I really liked that one, and good history that really no one is aware of.
I only knew about half of what he mentioned. Nixon, like other past presidential ideas, didn't pay attention to the law of unintended consequences. Maybe they do and just don't care.
Other past? I can't think of any president, current one included that hasn't done something boneheaded.
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@pmoncho said in Just How Hard is University to Overcome:
@scottalanmiller said in Just How Hard is University to Overcome:
@pmoncho said in Just How Hard is University to Overcome:
@scottalanmiller
That was a pretty good video till the end. A nice walk through Sallie history.Yeah, I really liked that one, and good history that really no one is aware of.
I only knew about half of what he mentioned. Nixon, like other past presidential ideas, didn't pay attention to the law of unintended consequences. Maybe they do and just don't care.
Well it was Clinton that caused the problem there. Nixon's Sallie-Mae creation was good. It was Clinton dissolving it that was the problem.
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@scottalanmiller said in Just How Hard is University to Overcome:
While there is truth there - it's not a fair comparison.. It's likely they spent $100K over 4+ years. So to balance that - you should compare 4 years of salary...
But yeah - it's pretty bad!
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@Dashrender said in Just How Hard is University to Overcome:
While there is truth there - it's not a fair comparison.. It's likely they spent $100K over 4+ years. So to balance that - you should compare 4 years of salary...
But yeah - it's pretty bad!
Sort of, but how much you spend as a total is important, that it is over 4+ years makes it worse, not better. Showing it as a total makes it sound far better than it really is.
Because as worded, it sounds like it is purely "Buy a $40K job." But in reality, it's "do an unpaid job for 4+ years AND pay $100K while doing that" which is dramatically worse than just spending $100K.
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@scottalanmiller said in Just How Hard is University to Overcome:
Some people believe the Earth is flat and that Aliens are probing human butts, and they've gone to school!
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BBC News - India school-leaving exam: The controversy that cost 23 lives
https://www.bbc.co.uk/news/world-asia-india-48050020 -
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Whut? Skillz? Why?
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@Pete-S said in Just How Hard is University to Overcome:
Whut? Skillz? Why?
Well I totally agree with the concept, I’m sorry but I have zero trust in the federal government to execute.
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Hard to believe that it has been six years since I did this study. I saw a great math lesson on Simpson's paradox today that used data showing the dramatic drop in college graduate salaries compared to non-college graduate salaries over the last twenty years as example data. Really applicable to this article.
https://www.tiktok.com/@mathisadrag/video/7139948204627545390
