Re:The Student Loan Debt Crisis Is About to Get Worse
by pkaye on Wednesday October 17, 2018 @01:23PM
(#18241275)
They can go to local universities that are within their means for starters. I find that invariably those in the worse debt are the ones who go to a super expensive private university in a distant state without the means to pay for it. And they always choose a degree which has a poor career prognosis.
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Re:The Student Loan Debt Crisis Is About to Get Worse
by lordCarbonFiber on Wednesday October 17, 2018 @01:44PM
(#18241486)
Inevitably in these sorts of threads the meme of "bad decisions from humanities majors" comes up but never any supporting data. Best I can tell there aren't that many english, etc majors graduating to account for the amount of student debt being generated. The unfortunate truth is a technology degree is just as likely to leave you with debt and no options (especially if you "go to local university far from a tech hub").
Source for enrollment in humanities falling https://www.insidehighered.com/news/2015/01/26/where-have-al...
Re:The Student Loan Debt Crisis Is About to Get Worse
by PeterisP on Wednesday October 17, 2018 @04:09PM
(#18243262)
Here's some direct comparison of default rates - https://assets.rbl.ms/18240752/980x.png (from https://bigthink.com/stephen-johnson/what-kind-of-student-is...) shows a significantly higher rate of student loan defaults in the arts/humanities fields.
It is worth noting that the difference between selective schools and nonselective schools is even larger; so going "somewhere" to get a shitty degree seems to be not a good idea as well.