I first learned of the prominence that German trade schools hold and how the trade school path is a different, not lesser path, in that country. The chairman of the first bank that I worked for would talk about that system and would bring in young German interns that we got to know. I have been in favor of it. We actually hired an young intern here that graduated from a vocational HS, then a local college. Ended up at PWC and now at a boutique shop. Worked as a HVAC tech to pay for college.jhu72 wrote: ↑Sat Oct 22, 2022 10:34 amWe have in many cases perverted the mission the purpose of college and turned it into a very very expensive trade school* with attached very nice vacation resort. This is the effect middle class mommies and daddies demanding their kids go to college (not trade school, heaven forbid) has had. Marketeers giving the customer, mommy and daddy what they want.DMac wrote: ↑Sat Oct 22, 2022 8:56 am Completely agree.
Will say again, TLD, with all those college grads making six figures there is no need for student loan forgiveness, there should be no such discussion. The math doesn't work there....or they should have learned how to manage money with all that education.
You will not find an example of an 18 year old recent HS grad with no job or credit history that was given a $30K car loan at any bank anywhere, Ffg. I can tell you with a couple of decades of experience that flat out aint gonna happen. You can find probably millions of examples of 18 year olds given $30K student loans with the wave of the magic wand though, despite the fact that they have no idea where they're going to be working or what they're going to be doing to pay that loan back. In TLD's world they'll all be making six figures but in the real world that aint happenin'.
jhu72 is right on the money, IMO. Sure, there's value in a college education but it aint for the masses as is shoved down pretty much everyone's throat, and it aint worth what it used be. You see darn near all college grads making six figures, TLD, in the real world I've seen many college grads who couldn't get a car loan because their debt to income ratio was way too high (student loans put a hurtin' on you for a long time). Hopefully Mommy and Daddy's credit is still good enough to be co-buyers, otherwise the six figure earning college grad aint gonna be driving no new car. Lot of people need to re-think college.
https://www.youtube.com/watch?v=_x5SeXNabd8
* when I use the phrase "trade school" here I mean a school geared towards near term acquisition of a job. Job acquisition was never meant to be part of the mission of traditional college, it was meant as introductory training for ultimately participating in a profession. That profession would require additional training. Of course with a college degree you could find employment but it was never meant as the primary goal. This of course wrongly leads to the perception that college is better than trade school (see mommy and daddy), when it shouldn't. This perception frankly is one of the casus belli of the "blue collar" working class in the culture war.
I believe too many kids that should be doing something else are on many college campuses. The government’s forgiveness program is a tangential issue. Not all kids with debt, shouldn’t have gone to college.