Meanwhile, universities like N.Y.U. enrolled students without asking many questions about whether they could afford a $50,000 annual tuition bill. Then the colleges introduced the students to lenders who underwrote big loans without any idea of what the students might earn someday — just like the mortgage lenders who didn’t ask borrowers to verify their incomes.
Proof that going to college doesn't make you any smarter.
I read this article, in which the author seems to do an amazing job of suggesting blame, and then letting the target say, "No, no, it wasn't me." Except the big, bad university.
But perhaps the biggest share lies with colleges and universities because they have the most knowledge of the financial aid process. And I would argue that they had an obligation to counsel students like Ms. Munna, who got in too far over their heads.“Had somebody called me and said, ‘Do you have a clue where this is all headed?’, it would have been a slap in the face, but a slap in the face that I needed,” said Cathryn Munna. “When financial aid told her that they could get her $2,000 more in loans, they should have been saying ‘You are in deep doo-doo, little girl.’ ”
All the while, however, I am searching the article to find out just what was this girl's major at NYU. Guess what? It wasn't something like engineering, as she now has a $22-per-hour job working as an assistant for a photographer. No, it's "an interdisciplinary degree in religious and women’s studies." Well, ka-friggin'-ching!
And she is choosing to live in San Francisco, because she is "worried about her job prospects." Excuse me, what job prospects?
I would like to see what happens when a university like NYU turns away the first student on the basis that they are too "poor" to attend. Elitism! Racism! Actually, libs who want their kids to go to schools like NYU choose private institutions over state schools, so their kids don't have to mingle with the riff-raff. Schools like UCLA are an exception, but I am curious to know if SUNY at Plattsburgh also offered this kid's major.
BTW, I started my college at NYU. After a while, I could no longer afford it. Ditto for my parents. So before getting into debt, I dropped out, raised my right hand, and enrolled in the Army. I later went back to school at University of California, Irvine, getting a BA and an MS degree from there, the latter which launched a career in IT consulting. And then years kater I went to Loyola Law School. I have no student loan debt. It wasn't easy, but that's what "working your way through college" means.
"Interdisciplinary degree in religious and women's studies?" Hell, why hasn't she just entered an Episcopalian seminary?