Ic7qyr Very neat post. Really looking forward to read more. JasonAug 31 3: Whats it like with your peers and family, do you feel like your almost an adult AnonymousSep 02 8:
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.Video: Ladder of Abstraction: Definition & Example The ladder of abstraction is a concept used to describe and define the development of thought and language from concrete to abstract.
Writing is a process of creation and proliferation is the inherent goal of human’s genetic programming; this similarity unites writing with the desires of the soul, therefore writing becomes an act that nourishes deep human needs.
thoughts on “ The Coming Meltdown in College Education & Why The Economy Won’t Get Better Any Time Soon ” Pingback: Noted NBA Owner Blasts College Loans | The College Bubble Well done article.
There are so many aspects I’d like to respond to 1. The Student Loan take over by government (nationalization) was a bailout of sorts . S.I. Hayakawa thoroughly explained the ladder of abstraction in his book, "Language in Thought and Action." According to Hayakawa, the ladder should be understood in ascending order.
The writer gives an example of Bessie the cow who lives on a farm with other cows and animals. Shop from the USA, UK or India. Staying in India and wish to buy from UK to India or USA to India.
You have come to right place.
PPOBox has established itself in the market to become one amongst the preferred choices of customers for their courier needs. The Ladder of Abstraction is one of the most useful mental models ever invented.
Described by the American linguist Samuel I. Hayakawa in his book, Language in Action, the ladder has been adapted in countless ways to help people express meaning in their words. To understand how to use it, start with the name (Ladder of Abstraction).