Monday, March 29, 2010

Blog 12

I am arguing that college is worth the cost of addmissions and that loans are more often than not worth the risk. I generally want to break my paper up into three sections:students who decide not to go to college, students who decide to go to college with loans, and students who go to college without loans. Each topic has kind of sub-topics. I want to enter other paragrpahs such as a part about job outlooks and how majors or degrees sometimes are not related to your job. I also want to explore community colleges and their positives. I also want another section about how students do not always have the right outlook on loans because of the complexity of them and that things such as financial packets or meeting exists but still are not much help for people who have never borrowed moeny before.

Wednesday, March 24, 2010

Blogg 11

Today the cost of college is outrageous. With todays struggling economy more and mroe people are struggling to try and pay for college. This is where student loans come into play. Today more than ever people are taking out biggger and bigger loans and with the cost of college still on a steady rise the amount of loans taken out are parrellel. Student loans are putting more and more students in debt. My case is to try and show that even though the cost of college is outrageous the good from college highly outways the negatives. In my paper i am trying to incorparate alot of stats from college board and bureau of labor stats. The bureau of labor stats show that alot of jobs that do not involve college education have a very positve outlook in the next couple years while many jobs with college education show the opposite.

Wednesday, March 10, 2010

Blog 10

The debate i have identified is between the people who are attending college and paying for them in loans and putting themselves in debt. The other side is the people who decide to forgo college and work straight out of high school avioding debt. Everyone has heard of the "million dollar payoff" claiming that on average most college graduates make over a span of a lifetime one million dollars more than the high school grad. Kathy Kristof talks about how those numbers are not necassarliy true when you take into acount the amount of money that college costs about 47,000 for a four year public university for tuition room and board books and food. Kim Clark talks also about how the amount financial aid might decrease over the next couple years, but on the contrary i recieved an email today about how Obama is trying to give more finicial aid to try and lower the amount of private loans being taken out, but a women named Sallie Mae opposes the aact, the emial reading "take a swing at Sallie Mae". I have yet to research who Sallie Mae is but these are the reasons students are choosing to forgo college because of the state of the economy and the costst. Research done by Micheal Lillis showed that the cost of college and how much finiancial aid a student will receive is the biggest reason for choosing a college. Researchers such as Burdman write about how college is still worth the price. Even with the economy in the state that it is college is still producing ready students for work.

Monday, March 8, 2010

Blog9

I feel the project overall is going well. i still am having so much trouble finding a viable book about my topic. I feel that if I find a book it will excell my project to where im ready to start drafting the final project. I stil have yet to find a real "language" that people are using to talk about my project. Some people are using phrases like: "The debt dilhemma" "Leery of loans" "the curse of the class of 2009"(talking how people who graduated last year cannot find jobs), but i havent really found a term for the area debt vs gain of high school and college salries. I feel like i chose a good topic, but it is not the easiest topic to find shcolarly sources for. I have identified the wo arguements in my arguement one side being the "high school graduate" and the other side being the "in debt college student" and i have also find mulptiple other topics i want to incorparate into the paper like what majors are efficient to get a good job and what schools are the best to bargain and if this economy will eventualy break opening up more jobs. I feel that if i just find a few more scholarly sources including a book i will be able to sculpt my final project into something really special.

Monday, March 1, 2010

Blog 8

"The stories can be startling: The John Hopkins valedictorian who borrwoed $101,000 to get his degree, the Boston resident with $80,000 debt load and a 26,000-a-year job, the student with $25,000 in federal loans, who was forced to drop out of school because she was $5,000 behind on her college bills"(Burdman 1).

All around the country people like this are taking out huge loans to pay for college. "about 60 percent of gradutates have debt from their undergraduate studies. For those students, the average total debt is $22,700"(Supiano). In today's econimcal downturn people are more cautious than ever with their money. People without the money to pay for higher education are wondering is college really worth the price of admission? Is the risk of not receiving a high paying job in this economy turning people off to the idea of college? What majors are "recession proof" and will always guarentee good jobs after school if there are any?