You can check out the graphical presentation published by the Public Administration for yourself. I believe you will find it interesting and aesthetically pleasing; but before you get caught up on the hype, ponder this…
From Princeton to Prison; that’s quite a big leap isn’t it? Does it not make you wonder why the sociologist responsible for publishing such a comparison did not use a more mainstream demographic selection? Princeton accepts only about 10% of it’s applicants.
Check this out… Just a few scrolls down this image you will see figures comparing the number of African Americans inprison Vs. in college. This is one of those things that made me go “Hmmmmm…?” asking myself just why this publication singled out African Americans, showing no other race or nationality of people.
And just in time for Occupy Wall Street’s Student Debt Refusal Campaign, take a look at the spending figures: 1 year in NJ State prison $44k; 1 year at Princeton $37k. At this rate, a student borrowing student loans could have a principal balance of $148k on a 4-year plan, and $185k on a 5-year plan – and don’t forget to accrue interest. The result could be a monthly student loan payment of $1050-$1310 per month. Ouch, right?
I do appreciate seeing these figures; I only wish they were more realistic, making them useful in the eyes of young adults and low-skilled workers of every race and nationality. Nonetheless, it’s a good read… Enjoy.
I attended Oral Roberts University for ONE year studying Christian Education & Psychology. After seeing the amount of debt accumulated for that year, my parents said: “Come home…” I cried and cried… prayed asked God for a miracle so I could stay at ORU. But, to no avail.
I went home, started working as an accounting clerk and went to school part-time studying accounting. I continued working in the field of accounting for several years while preparing to do more meaningful work. I eventually got there.
Years later I do not regret it one bit. I’m degree’d in Liberal Studies and Business Communications, and have hard-core skills and work experience that allow me to fund into ministry work. Having graduated from a Holy Names University, a private, Catholic institution, I took out even more student loans. I am still paying for my education, but in my situation I believe I glorify God by paying my loans. However, (just as an FYI) I neither agree nor disagree with the Occupy Study Loan initiative – but I certainly understand.
Careful with this one protesters! Your latest plan to stop making your student loan payments, forcing them to default could come back to bite you in your golden years. Sallie and Fannie don’t mind waiting for their money.
I have paid (and am still paying) my share of student loans and I consider myself blessed because I am able to actually use the education I’m paying for. Contrary to some of the ideas of the Occupy Student Loans initiative, I do not believe higher education should be free. I do think people should REALLY consider the reality of the higher ed price tag before signing up. As one who is in education management, I wish I could convince our western society of how beneficial it is to get a hard-core, money-making skill and some work experience before pursuing the career of their passion – you know, the one that may or may not produce financial stability.
Here’s an informative video produced by InflationUS called “College Is A Scam”. It’s about 1 hour in length, very interesting and informative. While I DO NOT agree with everything said, I must say it is quite enlightening. I recommend you watch it with an open mind…
While I neither agree nor disagree with the Occupy Study Loan initiative, I do hope these young people understand the dicey risk they’re taking.
