Category: Education


http://rockcenter.msnbc.msn.com/_news/2012/07/19/12842350-investigation-reveals-claims-of-unmanageable-debt-by-for-profit-college-students

A comment posted in above link summarizes the issue:

It is unfortunate that many people find themselves in a position to repay more debt than they earn income necessary to maintain concurrent payments. I too was ignorant of the repercussions associated with using financial aid and taking out student loans. Additionally, I had no clue where to start researching schools which offered the best program for my desired profession.

After working for one of the named for profit universities I became well educated of the do’s and do not’s of financial aid. This information is readily available to all students online. After assisting many other students decide on a program and curriculum to fit their needs I saw the importance of researching a school as a consumer.

It seems the responsibility falls on the government and the consumer. Financial aid funds are given and the government enables students to abuse the privilege of education as a means to gain income.

Responsible borrowing is not being practiced. It seems a futile battle to pursue judgement against for profit universities, wasting money investigating their bottom dollar rather than educating the consumer. How many of us who need financial aid understand how to use it?

It is the student’s responsibility to seek an education which will appropriately prepare them for their future career. Education is an investment and given the state of the economy many investments do not have a good payout. Some majors will ensure a job after college and some will not.

Ultimately it boils down to the individual. Buyer beware. Supply and Demand. Demand a better education for your dollar and research which schools will provide what you need.

The Purpose of Education

Educational system, as we have it today, indoctrinates the public to become obedient workers at increasingly shittier jobs and make them believe that that is how life is supposed to be. We are thought to know our place in the hierarchy and be passive, subservient resources that can be utilized, pushed around and laid off for  maximum profit. Creativity, critical thinking, questioning the authority is left out of the system. Students go to college, pile up excessive debt that will take years to get out of, and then they graduate with little options but take any job that pays very little when debt payments are considered.  The availability of loans are pushing education expenses higher so that more and more students have to borrow if they hope to get ahead in the rat race. Then they end up paying hard earned money for interest + principal, the money that was created out of thin air by the banks at the time they borrowed. Half the population who could do the work for themselves (in employee owned corporations) end up working for companies owned by the rich elite. Many see no problem in borrowing at interest from private bankers to fund their education, to buy their car, to buy their house, to fund their business because nobody thought them how money is created in our society.

Here is an interesting video: Noam Chomsky discusses the purpose of education, impact of technology, whether education should be perceived as a cost or an investment and the value of standardised assessment.

Presented at the Learning Without Frontiers Conference – Jan 25th 2012- London

More from Chomsky: Education is Ignorance