The Student Loan Debt Crisis Is About to Get Worse

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...

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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.

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