broadsideblog

Posts Tagged ‘student debt’

What exactly is college good for, again?

In behavior, culture, education, life, travel, urban life, US on September 12, 2014 at 12:52 am

By Caitlin Kelly

Pratt's library -- with one of the many sculptures dotting the campus

Pratt’s library — with one of the many sculptures dotting the campus

Have you followed the “debate” begun (again) about the putative value of an Ivy League education?

Here’s former Yale professor William Deresiewicz, in Salon:

In his new book, “Excellent Sheep,” Deresiewicz expands his argument into a full-on manifesto about the failures of the meritocracy. His timing is good. Ambitious families continue to arm their children with APs, SAT prep courses and expensive admissions advisors. At the same time, despite big financial aid packages, the student bodies at elite schools remain staggeringly affluent.

So do the schools. Yale has an endowment of some $20 billion; the University of Connecticut, 90 minutes down the road and with a student body three times as large, has an endowment one-sixtieth that size. As public institutions suffer round after round of cuts, Ivy League endowments keep swelling. When we speak of inequality, it’s not just in individual income where the disparities have grown starker.

And here’s a powerful op-ed  about the value of college from The New York Times’ Frank Bruni:

I’M beginning to think that college exists mainly so we can debate and deconstruct it.

What’s its rightful mission? How has it changed? Is it sufficiently accessible? Invariably worthwhile?

As the fall semester commenced, the questions resumed. Robert Reich, the country’s labor secretary during the Clinton administration, issued such a pointed, provocative critique of the expense and usefulness of a traditional liberal arts degree that Salon slapped this headline on it: “College is a ludicrous waste of money.”

Meanwhile, the sociologists Richard Arum and Josipa Roksa were out with a new book, “Aspiring Adults Adrift,” in which they assessed how a diverse group of nearly 1,000 recent graduates were faring two years after they finished their undergraduate studies. About one-quarter of them were still living at home. And nearly three-quarters were still getting at least some money from parents.

But Bruni goes on to make some interesting (to me) arguments in favor of mixing things up on campus, as one of the increasingly few places left (in an economically and racially divided United States) where people can — and should, he argues — meet “the other”.

That might, for the first time, mean meeting someone covered with tattoos and piercings, or someone wearing head-to-toe designer labels.

It might mean working in class on a project with someone transgendered and/or someone happily married, even with a few children. Or someone deeply devoted to their religious life  — or someone fervently atheist.

I remember a preppy blond guy named Chris who was even then active in the Conservative party — my first (and useful) exposure to someone with strong, opposing political views.

Bruni writes:

We live in a country of sharpening divisions, pronounced tribalism, corrosive polarization. And I wish we would nudge kids — no, I wish we would push them — to use college as an exception and a retort to that, as a pre-emptive strike against it, as a staging ground for behaving and living in a different, broader, healthier way.

As we pepper students with contradictory information and competing philosophies about college’s role as an on ramp to professional glory, we should talk as much about the way college can establish patterns of reading, thinking and interacting that buck the current tendency among Americans to tuck themselves into enclaves of confederates with the same politics, the same cultural tastes, the same incomes. That tendency fuels the little and big misunderstandings that are driving us apart. It’s at the very root of our sclerotic, dysfunctional political process.

And college is the perfect chapter for diversifying friends and influences, rummaging around in fresh perspectives, bridging divides. For many students, it’s an environment more populous than high school was, with more directions in which to turn.

I also found this Times story – about how much effort selective American colleges are actually making to attract and retain lower-income students:

I think college-as-sorting-mechanism, as it often ends up being — at least in the U.S. — is a sad misuse of its potential for personal and intellectual growth.

I’m not embarrassed to admit how much I learned by attending the University of Toronto, a huge (53,000) and highly traditional university.

Not only about my subjects of study, but about Marxism, soul music, what it’s like to be married young. I learned it over coffee or at frat parties or while working on the student newspaper, from the people I met, the men I dated, the friends I made and my classmates.

I met the first gay people my age, male and female. (My high school may well have had some, but none were out.) Toronto is an enormous, diverse and cosmopolitan city, but even then I knew who I knew….and not much more than that. As it was meant to, college opened my eyes to other realities and ways of thinking and behaving.

My classmates arrived from homes wealthy and poor, from elegant estates and shared, battered downtown housing.

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In my mid-30s, after moving from Canada to New York, I attended another school, The New York School of Interior Design. That experience was wholly different and I loved it. Teachers were demanding and wise, but also nurturing. Classes were small, making my experience pleasant and intimate in comparison to overwhelming and impersonal undergrad.

Now I’m teaching two classes at Pratt Institute in Brooklyn, rated one of the 20 best schools in the Northeast U.S. I’m intrigued by the mix of students I see there, all of whom have chosen to attend a school focused on specific crafts and skills, from industrial design to fashion to writing to architecture. There’s a lot of green and purple and blue hair. Many of the women smoke.

One of the issues that I find really shocking is the skyrocketing cost of an American education; Pratt’s tuition is more than $41,000 a year while my alma mater, U of T, is now only $6,040 for my former course of study.

(I paid $660 a year. Yes, really.)

Colleges look so serious and authoritative. They can fail you in life-altering ways

Colleges look so serious and authoritative…don’t they?

If you are a student, what do you want or expect college to “do” for you?

If you’re a professor, how do you feel about the expectation that a college degree is meant as a ticket to a job?

 

Living on next to nothing…while we shell out $6.2 billion to broke Walmart workers

In behavior, blogging, domestic life, life, Money, urban life, US, work on July 31, 2014 at 1:06 am

By Caitlin Kelly

No travel...too expensive!

No travel…too expensive!

Have you lived in poverty?

A recent 150+ comment thread at, of all places, Apartment Therapy — a design blog usually devoted to featuring people’s fun, cool homes worldwide — offered a painful, insightful, timely conversation on how some of its readers survive(d) on low or minimum wage jobs.

A few of them:

Charities can only do so much for people, and frankly, when I was living below the poverty line, I chose not to take advantage of a lot of those programs, even though I likely could have, because there were other people who needed it more than I did, and I was getting by, if only just. I was lucky to have no car payment, and a car that was in good condition so the maintenance costs were relatively low. I did, however, end up with pneumonia, because although I had health insurance (I was paying out of pocket for it) I couldn’t afford the copay to go to the doctor and get my Prevacid (not OTC at the time) and as a result I got sick, because untreated acid reflux can do that to you.


 

Even though I pared down to the absolute bare minimum and had a roommate, I was constantly worrying about my car (but couldn’t manage without it), and paying for food, heat, and health care. Any time I got a few dollars ahead, I had some money-sucking but necessary expense. Living on the edge of poverty wore me out. The kicker was that making minimum wage, I made too much to get food stamps and other “help for the poor”. (Adults with children could get help, and adults with disabilities, but the thinking was that if you could work, you didn’t need “hand-outs”.)


For many years, I made more than enough money so I could comfortably afford a house, buy food & necessities, invest and have some fun, too. Approximately two years ago, my position was eliminated from a very reputable company in the area where I live. I can say that I have never fully “recovered”, financially and emotionally speaking. I’ve run the gamut from tearing through my 401k, applying for assistance, working my share of odd jobs and asking family for help. I’ve been forced to learn a new way of living and the bottom line is that living on minimum wage is DIFFICULT…period. Navigating assistance applications can be daunting and because of my assets (owning a home-by some miracle-still) it just wasn’t happening. I can tell you that I have learned to live simpler, though, w/less trips to the clothing store, no more manicures/pedicures every two weeks, etc. Is it such a bad thing? Not really, but “living simpler” ends up going hand in hand with “what do I do now” in reference to the next utility bill, grocery bill, financial emergency, etc. I do believe the sad thing is that individuals that “do the right thing” such as going to school, working hard, etc can still find themselves in this situation. It constantly makes me think “what did I do wrong” and “what do I do now?”

Having lived in five countries — my native Canada, Mexico, France, England and the U.S. (since 1988) — I’m never clear why Americans, some of whom protest that they have “played by the rules,” are so stunned to find their laissez-faire capitalist system has turned against them.

The rules are not made for their benefit!

People who sneer at the idea of accepting (or asking for) government assistance may never have struggled in utter desperation, saddled by illness, disability, injury and/or the collapse of their industry. And many people can never hope for a penny from their friends or relatives.

You can’t bootstrap without bootstraps.

Nor why some of them feel ashamed even asking for help when they have done everything possible to help themselves.

According to this National Geographic story, (August 2014), a staggering six percent of Americans are now “food insecure” and the number of those needing help paying for this food in the suburbs has doubled; here is a radio interview with the author, Tracie McMillan.

While some people can move in with a friend or relative, many don’t have that option and have to figure it out on their own. New York pays a maximum of $410/week in in unemployment benefits, taxable income. Yet in New York City, very few people of any age can find housing for less than $1,000/month. Do the math!

If you’re young, highly-educated, willing to move anywhere a job requires it, in excellent health and flexible — you’ll probably survive. But every one of those categories can shift, as does the labor market and the larger economy.

Nicaragua -- the second-poorest nation after Haiti -- where annual income is $1,080

Nicaragua — the second-poorest nation after Haiti — where annual income is $1,080

I struggled financially for all four years of university, even though my annual tuition was only $600/year. I was living on $350/month and the rent on my studio apartment was $160. I still had to pay for food, phone, books, public transportation, dental work, clothing, etc. My family had too much money for me to get student aid, yet were uninterested in helping me.

So I started selling my photos and writing freelance at the end of my sophomore year — and missed a lot of classes and other cute/fun college activities — in order to bring in additional income. My GPA is a bad joke, one reason I’ve never even considered graduate education. I had to survive!

images-3

Luckily, I was able to feed, house, clothe and educate myself. I can still tell you exactly what was in my wardrobe during those years as there was so little of it. I lived in a rough neighborhood until I was attacked in my apartment and moved.

I never, ever want to feel that anxious about money again.

Low-wage or minimum-wage work offers wages so low and hours so few that some workers have to go on food stamps.

Walmart, reports Forbes, cost us $6.2 billion in public assistance to its struggling staff. They “can’t afford” to pay better, so it’s up to us to bail out a for-profit corporation. Don’t you love the irony of corporate welfare?

Have you struggled to survive financially? Are you now? How are you managing?

Would you skip college for $40,000? How about $50,000?

In behavior, business, culture, education, life, Money, news, parenting, US, work on December 28, 2012 at 3:12 am
English: An image of natural gas drillers with...

English: An image of natural gas drillers with a drill near Kokomo Indiana, c. 1885 (Photo credit: Wikipedia)

Interesting piece in The New York Times about young men, especially, skipping college to head to the oil and gas boom in Montana:

Here in oil country, some teenagers are choosing the oil fields over universities, forgoing higher education for jobs with salaries that can start at $50,000 a year.

It is a lucrative but risky decision for any 18-year-old to make, one that could foreclose on his future if the frenzied pace of oil and gas drilling from here to North Dakota to Texas falters and work dries up. But with unemployment at more than 12 percent nationwide for young adults and college tuition soaring, students here on the snow-glazed plains of eastern Montana said they were ready to take their chances.

“I just figured, the oil field is here and I’d make the money while I could,” said Tegan Sivertson, 19, who monitors pipelines for a gas company, sometimes working 15-hour days. “I didn’t want to waste the money and go to school when I could make just as much.”

One of the greatest beliefs in the United States is that everyone must go to college. This, despite the fact many students drop out, are graduating saddled with enormous debt and many can’t find paid work.

So, why not take $40,000 and sock away as much of it as possible? It could fund college later (or not), or travel, or a home you choose to own (or rent out for income.)

I have a lot of difficulty with this persistent insistence that college is the only viable place for people who have graduated high school to grow up, learn about the world, acquire skills, mix with people their age of very different backgrounds and work to high standards independently.

Is it?

For some, it’s joining the military. Or going overseas on a student visa, to work as a nanny or au pair or volunteer. Or staying home and working a variety of less-prestigious jobs until you actually know what truly interests you, and what you are good at and who is hiring and what they pay, entry-level or beyond. Then, if you choose higher education, you know exactly what you’re getting into!

For all its benefits and pleasures, college very rarely teaches the skills you really need in the “real world”, whether running your own business, freelancing or working most effectively within a team or office. (Invoicing 101? Sucking Up 302? Backstabbing 205?)

I wrote a piece for The New York Times recently about a group of smart young people under 20 who are being paid $50,000 a year for two years to skip school. (It was the paper’s third most emailed story that day.)

Here’s a thoughtful blog post on this issue by a professor of political science at Georgetown, a respected American 223-year-old university:

A student at any college will often sense a conflict between prestige and truth, the prestige of the teacher, the school, or the culture. He will soon learn that everything contains some truth worth knowing about, and that the best way to deal with error is to see the truth in which it is embedded.

Or, again to change the metaphor, college life is a minefield, studded with all different kinds of devices, waiting to be crossed. Wise young people will read independently in reliable books, to locate and identify hidden explosives rather than step on them. But the venturesome student will in fact want to know what such mines really are, and how they came to be constructed and buried. They will follow the example of Aquinas, who insisted that the accurate understanding of error is quite a necessary and legitimate side of our learning and living. Thus, we want to know how they function, how the mines are hidden. Yes, we want to know how to avoid stepping on them and indeed how to eliminate them, the first step of which effort is to know what they are and why they were made.

I graduated from the University of Toronto, Canada’s top school, then as now. People I studied with now run think tanks and museums and private schools and have accomplished some great things. I liked having tough professors and smart people around me.

As an English major, my courses were very narrowly restricted, even as an undergrad, to 75 percent English literature. The only other things I studied were political science and philosophy (freshman year), French (three years) and Spanish (four years). I knew I wanted to become a foreign correspondent, so I needed to be able to work in other languages, write well and quickly and have the intellectual confidence to make my arguments persuasively.

Those are the skills I’ve used ever since. My ability to read Chaucer in Middle English or parse Volpone or Victorian poetry? Nope. Never.

If you’re in college, or heading there, why? What do you expect to get out of it?

If you’ve long since graduated, do you regret your choice of school or major?

College? Who needs college?

In behavior, education, life on September 16, 2012 at 3:01 am
English: Cropped image of Soldiers' Tower of H...

English: Cropped image of Soldiers’ Tower of Hart House (University of Toronto). (Photo credit: Wikipedia)

It’s becoming a serious question, at least here in the United States where student debt is totally out of control, with graduates carrying $30,000 or $60,000 or even $100,000 in debt they’ll be re-paying (or not) for decades.

And that’s not even the bill for medical, law, dental, vet or MBA degrees, or computer science or engineering, each of which can probably net you $100,000 a year or much more, which is at least a decent ROI.

But digging into $85K worth of debt, as this young woman has for an English degree?

Nope.

I was very lucky. My entire year’s tuition — no, that’s not missing a zero — was $660 in 1975. Today it’s not much more than $5,000 for most undergrad classes at my alma mater, University of Toronto, consistently ranked as one of Canada’s top three. I studied English and read Chaucer aloud in Middle English, learned about 16th century drama and 19th century poetry. Did it help me be(c0me) a better journalist?

Not really.

But — perhaps most essentially — I had to work really hard, independently and consistently, for four years on new-to-me and challenging material. None of my profs knew or would have cared that I’d been attacked in my crummy little apartment or that umpteen boyfriends had dumped me or that my growing freelance career was making attending class almost impossible some weeks.

I had to figure all of this out for myself, plus living alone.

All of which, while sometimes horribly stressful, was excellent training for journalism, and for life.

So why go to college?

Can you learn what you need elsewhere — through an apprenticeship, internships, community college or vocational training?

Here’s my latest New York Times business story, about a select group of very bright, insanely ambitious men and women — all younger than 20 when they started — who’ve skipped school, given $50,000 a year to work on their own projects instead, thanks to the Thiel fellowship.

I interviewed seven fellows, (three female, two from Canada, one of them a U of T dropout!), three parents, two administrators and two observers. The gorgeous photos were taken by Peter DaSilva, who is based in San Francisco, and who also shot the images for my Times Google story. The photo editor on this piece was my husband.

Unlike Americans, who often choose to attend college far from home, most Canadians attend their local university. U of T is Canada’s Harvard, tough to get into and tough to get through. It’s also enormous — 50,000+ students — so it’s not a great fit for someone who needs or wants a lot of hand-holding. Its downtown campus, is right in the heart of Toronto, blocks from the provincial Parliament buildings and gleaming office towers.

In some ways, U of T was perfect for me. My fellow students were really smart and, being a competitive person, I liked that. The professors were passionate world-class scholars who took their work seriously. I loved the downtown campus, so gorgeous it’s been featured in many films and commercials.

I started my journalism career there, writing as often as possible for the weekly Varsity. By the end of sophomore year I had enough clips from there to start writing professionally, my dream, for national magazines and newspapers.

My first serious boyfriend was — natch! — the paper’s editor. University gave me everything I so craved in high school: lots of cute boys who liked me, tremendous intellectual stimulation and growth, terrific athletic facilities, new friends.

But in other ways, it was a really rough ride.

My parents were both far away and out of touch, traveling the world, so navigating it all meant living alone in small apartments on very little money while freelancing and attending class. I got a D in French. When I cried with frustration and bewilderment, the prof merely sniffed; “It’s clear you arrived here very poorly prepared.”

A life-changing experience was participating in the Tarheel Exchange, which carried a busload of U of T’ers south to UNC Chapel Hill, in North Carolina in November and returned the Tarheels north to us for a week in January.

In Chapel Hill, we encountered many novelties: attending church service at a black Baptist church and a pig-picking (barbecue) and we heard an administrator struggle to retain his composure discussing race relations. The Tarheels, on their visit, had never seen snow!

I fell hard for a tall handsome redhead named Seth.  I went back the next year as an organizer of the group and met Rip and Beau, men whose monosyllabic names stretched to three syllables with their charming southern drawl.

Canada offered nothing so exotic!

College, for me as it is/was for many of us, was a place to grow up quickly, to learn to meet high standards, to deal with demanding strangers, to make new friends, to think deeply and write thoughtfully.  Ironically, I was the first in my family to graduate university — my Dad, a film-maker, had dropped out of UBC, my step-mom never attended and neither did my mother. Everyone did just fine without a degree.

Did you enjoy — or are you now enjoying — college?

Do you feel the investment of time and money is worth it?

Is a college degree worth it? Define “worth”

In business, education, news, parenting, work on May 17, 2012 at 12:40 am
Victoria College, University of Toronto, Toron...

Victoria College, University of Toronto, Toronto, Canada. (Photo credit: Wikipedia)

One of the biggest issues in American public discourse right now is the ballooning cost of attending university — or “college” as it’s generally referred to here. The price is rising more than 5 percent annually and students are graduating with enormous debt into a marketplace with very few jobs open to an eager 22-year-old with, usually, almost no work experience.

The New York Times addressed this in a recent front-page story:

“I’ll be paying this forever,” said Chelsea Grove, 24, who dropped out of Bowling Green State University and owes $70,000 in student loans. She is working three jobs to pay her $510 monthly obligation and has no intention of going back.

“For me to finish it would mean borrowing more money,” she said. “It makes me puke to think about borrowing more money.”

‘Nothing Is Free’

Christina Hagan is an Ohio lawmaker who says students need to understand that attending college is not an entitlement. Last year, she was appointed to fill a seat once occupied by her father in the Ohio House of Representatives.

Ms. Hagan, 23, is also a college student.

She will graduate shortly from Malone University, an evangelical college in Canton, Ohio, with more than $65,000 in student debt (among her loans is one from a farm lender; she had to plant a garden to become eligible). Though she makes $60,000 a year as a state representative, she plans to begin waiting tables in the next few weeks at Don Pancho’s, a Mexican restaurant in Alliance, Ohio, to help pay down her student loans and credit cards. She pays about $1,000 a month.

“I placed a priority on a Christian education and I didn’t think about the debt,” said Ms. Hagan, who says she takes responsibility for her debt and others should do the same. “I need my generation to understand that nothing is free.”

For those of you who live beyond the U.S., this must seem an odd situation. In some nations, higher education is free or much more heavily subsidized by the government. Or only the intellectually elite get to attend university at all while others — wisely — move into study for work they’d enjoy and for jobs that actually need filling.

In the mid-1970s I paid — yes, seriously — $660 a year for my education at the best school in Canada, then and now, at Victoria College, part of the University of Toronto. I had a tiny stipend from my family ($250 to 350 a month) and paid the rest of my bills by freelancing as a writer and photographer, beginning the summer of my sophomore year.It’s now about $5,000 a year to attend the equal of a Harvard in Canadian terms; Harvard and its ilk are about $50,000 a year.

That’s a brand-new luxury car every year for four years.

To afford my life and schooling, I lived alone in a very small apartment in a bad neighborhood, then moved to a small apartment in a better one. (My parents had wandered off to live on a boat in Europe for a few years.)

By the time I graduated, I had no debt and many national magazine and newspaper editors who had already been working with me. I didn’t even look for a staff job until I was 26.

So what was the value of my college degree?

Hard to say. I loved the beauty of our campus, the many clubs and sports and activities, the diversity and intelligence of my classmates and the brilliance of my professors, who were scary as hell and expected a great deal from us. I did get some very good grades in my first year and was told that writing should be my career by one professor, whose praise meant a great deal to me.

I started writing for the weekly college newspaper before I even attended my very first class. Yes, I was that driven. I knew I wanted to become a journalist — let’s get started! I didn’t ever attend a journalism school but preferred a super-demanding English lit. program that taught me to think critically, write long, argue hard for my ideas and work independently.

All of which are exactly the skills I needed and still use today, 30+ years after graduation.

No employer has ever asked my opinion of Chaucer or 16th. century theater or Victorian poetry, that’s for sure. But the underlying skills and strengths that got me in and through are what mattered.

So that’s part of the challenge. You can get high marks and love your professors but come out clueless and awaiting direction rather than being a resourceful self-starter. The people who thrive in times of economic chaos.

Like now!

I don’t envy any student trying to choose a form of higher education they hope will lead to paid employment, sooner rather than later. Some Americans have chosen to study in Scotland at St. Andrews or in my native Canada, where they get a great education at a much lower price than even some state schools in the U.S. — plus the invaluable experience of living and working in another country and its culture.

If I were the parent of an independent teen heading for college, I’d ship them off to Canada or Europe in a heartbeat; they’ll be working and competing in a global economy anyway, so they might as well start to really understand how the rest of the world thinks and behaves!

Do you think college is worth it anymore?

Needing Cash To Finish Her Pathology PhD, She Turned To Prostitution

In education, work on November 17, 2009 at 7:32 am
Dr Brooke MagnantiDr Brooke Magnanti. Photograph: SWNS.COM

She needed money fast — her PhD studies coming to an end. The answer, of course, prostitution. Britain’s a-twitter over the revelation that Belle de Jour, a best-selling author who blogs about sex, is really a science researcher.

One of the best kept literary secrets of the decade was revealed last night when 34-year-old scientist Dr Brooke Magnanti announced she was the writer masquerading as call girl Belle de Jour.

The author behind the bestselling books detailing her secret life as a prostitute decided to come out to one of her fiercest critics, Sunday Times columnist India Knight, after claiming anonymity had become “no fun”. “I couldn’t even go to my own book launch party”, she said.

Until last week, even her agent was unaware of her name. But now Magnanti, a respected specialist in developmental neurotoxicology and cancer epidemiology in a hospital research group in Bristol, has spoken of the time six years ago she worked as a £300 an hour prostitute working through a London escort agency. Magnanti turned to the agency in the final stages of her PhD thesis when she ran out of money. She was already an experienced science blogger and began writing about her experiences in a web diary later adapted into books and a television drama starring Billie Piper.

Magnanti says she has no regrets about the 14 months she spent as a prostitute. “I’ve felt worse about my writing than I ever have about sex for money,” she said.

Magnanti said she was working on a doctoral study for the department of forensic pathology of Sheffield University in 2003 when she began her secret life. “I was getting ready to submit my thesis. I saved up a bit of money. I thought, I’ll just move to London, because that’s where the jobs are, and I’ll see what happens.

“I couldn’t find a professional job in my chosen field because I didn’t have my PhD yet.

It’s an interesting challenge for women (and men) who choose the long, costly and demanding road of prolonged academic study. I was on the phone last night to a friend, 30, who is finishing up her Phd and also needs to make money. She can’t get a job in her field until she’s fully credentialed but can’t get more funding to finish. She, however, is working in a bank.

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