Student Loan Debt Is Now as Big as the U.S. Junk Bond Market

Re:Student Loan Debt Is Now as Big as the U.S. Junk Bond Market by ma2rten on Tuesday December 05, 2017 @04:23PM (#15856150)

I went to school in Germany and live in the US now. I think every system has it's pros and cons. The German education system is interesting, because it's different from other countries. However, if it wasn't for the hefty price of education (including how important it is what school district you are in) I would prefer the US education system overall.

In Germany it's easy to be put on one of the two lower tracks which lead to apprenticeships [1], because you didn't do well in primary school. At that point is harder (but still possible) to go to college. It also leads to segregation because immigrants who don't speak German at home are unlikely to do well in primary school.

[1] Calling it blue collar is a bit of misnomer here because you can also do apprenticeships in white collar jobs, even software engineering.

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Re:Student Loan Debt Is Now as Big as the U.S. Junk Bond Market by zaarn on Wednesday December 06, 2017 @03:52AM (#15859621)

Primary Schools offer additional help to bring immigrant children up to speed with their german, though I'm not sure how many families use this option.

You can also almost always switch tracks, the farther down you are one track the harder it gets to switch up. I went for the second lowest (Realschule) and then went to a tertiary school (Fachoberschule). With that I can study in a University for Applied Sciences (different from normal University).

The german education system has many options open, the general push in the lower two tracks is to get you into a job as early as possible (there are lots of job fairs I went to) but still permit you to pick any of the other 20 options.

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Re:Student Loan Debt Is Now as Big as the U.S. Junk Bond Market by dvcrn on Wednesday December 06, 2017 @03:33AM (#15859542)

Yup. I ended up in my apprenticeship because during elementary school I wanted to go to the school where all my friends went even though my scores were better. Stupid I know but I was a kid that wasn't able to make reasonable decisions.

Yet I ended up through a apprenticeship in Software Engineering and I could go back at any time and finish my 12 years then go to university. Part of me wants to go study and get a degree, but all universities I inquired at rejected me for not having 12 years despite working for 8 years now.

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Re:Student Loan Debt Is Now as Big as the U.S. Junk Bond Market by tobltobs on Wednesday December 06, 2017 @03:42AM (#15859577)

Could'nt you go to a Fachhochschule with your apprenticeship in Software Engineering?

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Re:Student Loan Debt Is Now as Big as the U.S. Junk Bond Market by ma2rten on Wednesday December 06, 2017 @12:44PM (#15863101)

You have to do 1 or 2 years of school (Fachoberschule) first. My friend did this, but it's a path that not many people will choose, because it's hard to go back to school for such a long time after you started to earn money.

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Re:Student Loan Debt Is Now as Big as the U.S. Junk Bond Market by tobltobs on Wednesday December 06, 2017 @03:39AM (#15859564)

It is true that it is too easy to be put on one of the two lower tracks during primary school. But there are multiple options (Fachhochschule, Berufsakademie) to go to university after you have finished your apprenticeship. Fachhochschule is free and in the case of the Berufsakademie you even get some money from a company while studying.

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