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by mejin
3159 days ago
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I've been a bit busy but here it is. (BTW: is there a way to get HN to notify you when someone comments?) I will be talking about https://www.youtube.com/watch?v=P8pjd1QEA0c Student Debt. 1:11 Student debt is bad because they will sue you in court. :
Well of course they will. Its not like they can take away your car if you stop paying your debt. 3:30 Why did student loans increase so much? States slashed funding for higher institutions causing colleges to increase tuition. :
Or maybe because more people are eligible for student loans. Having the government back student loans is linked to the increase in tuition according to this: https://www.newyorkfed.org/medialibrary/media/research/staff... 5:16 Students at for profit schools account for 31% of student loans having just 13% of the students. :
Does anyone expect a private company meant for people with few options to be cheeper than ivy league schools that offer on average $40,000 of aid per student? I don't have sources but I would imagine that the 13% most expensive car sales would account for around 31% of car sales. 9:00 Looks at one specific program at itt and says that it has an 8% employment rate and 25% didn't graduate:
There is / was (I don't know if it is over yet) a lawsuit against itt and the plaintiff claims that the employment rate was around 50% http://www.ajc.com/news/education/lawsuit-claims-itt-tech-ex... . Also, what do you expect from a college that excepts anyone who can pay? If they graduated everyone than their credibility would be worse than it already is. Any place that accepts anyone will have a low success rate (eg. Hollywood and start ups) And the most annoying point about his videos is that he doesn't propose a solution. It feels like making a video about how chemo is so bad and painful but then doesn't mention any alternative. In this analogy John Oliver would like to ban or severely limit chemo. |
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As such, I'm not going to bother replying to them.
But I suggest that you do some more careful research before using ITT Technical Institute to make a political or economic arrgument:
https://en.wikipedia.org/wiki/ITT_Technical_Institute