Comments on Fund My Mutual Fund: AP: Stores See Surge in Applicants for Holiday Hel...

Exactly, my school has construction everywhere, I ...

2008-11-12T11:34:00.000-05:00

Exactly, my school has construction everywhere, I wonder what is the point quite often. It must be so expensive and I always think this is the stupidest time to be investing in expansion.

We need to embrace the high school graduates working in good-producing jobs.

I mean most of the people graduating now are idiots (believe me i know) regardless of what the piece of paper says so do we really want to give them a service job say on wall street....well bear and lehman would but I doubt goldman or competent firms would.

I pity other students who graduated with me in 2007, who pay their 30-40K/year for tuiton and to live at college...because many of them are pursuing b/s degrees where they will be given paper pushing jobs in service sector that is crumbling and won't exist for ever, so they basically accumulate near 100K or more in debt with no increase in future income ability and putting tremendous burden on parents

It is a shame. It goes back to your point which I 100% agree with, financial education in high school. screw home economics..

at least let guys learn finance and ladies do home economics or something, but for many students now the DCFM says you are an idiot for going to college unless you are pursuing a GOOD degree and or you are paying less than 20K/year.

I agree with both your commentsAnd if we are movin...

2008-11-12T10:23:00.000-05:00

I agree with both your comments

And if we are moving to a more global mean wage across countries as companies go wherever labor is cheaper, the use of college degree will be even more worthless (talking 10, 15, 20 years out) at least at these prices.

Or maybe the middle class will be doing the reverse of what the upper class foreign folks do - that is send their kids overseas to college - if it's cheaper.

On almost any college campus there seems to be endless construction - so much money they have to tear down and rebuild buildings every 20 years. Instead of cutting tuition costs. Time to right size.

And in NY, you should see people piling into the s...

2008-11-12T09:36:00.000-05:00

And in NY, you should see people piling into the state schools, SUNY.

Some were traditionally so unselective, and now it is so hard to get in.

Another thing, is that I see our service sector collapsing, yet we keep pushing so many students to college (who shouldn't be going) to give them piece of paper to work a paper pushing service sector or worse- a government job that is non-productive.

I expect that to change as well.

I remember you brought this up- how DCFM is not worth it to go to college. When people start realizing this, tuitions will plunge too.

again I think foreign readers just have no idea th...

2008-11-12T09:32:00.000-05:00

again I think foreign readers just have no idea the burden college costs have become in the United States - sets some people back a decade from graduation to pay these off - but that's ok - socialism is bad.

-----------

It's ironic, I am pretty close to Freeport and Hofstra. But college costs are a huge burden. Some would argue that the reason why college tuition is so high is because of all the cheap credit/money from the 1990s. I mean that is when tuitions started rising 5,6,7% annually to make them unaffordable now.

So as the cheap credit disappears perhaps colleges will go bust as they run out of funds (a lot of equity investments) and cannot ask for more tuition from broke students. So they may be forced to SCALE down to cut tuition. That is a free market solution. But I really do think tuitions rose so high not because of evil capitalism but because of low interest rates for so long. If no one was able to get a loan, these schools would not get away with charging much more than $15,000/year tuition. But since most people were able to borrow anything (use inflated home as collateral), then colleges can raise tuitions at will.

I expect college tuition to come down- give it 2-3 years.