Carrianne Howard dreamed of designing video games, so she enrolled in a program at the Art Institute of Fort Lauderdale, a for-profit college part-owned by Goldman Sachs Group Inc. Her bachelor’s degree in game art and design cost $70,000 in tuition and fees. After she graduated in December 2007, she found a job that paid $12 an hour recruiting employees for video game companies. She lost that job a year later when her department was shuttered.
These days, Howard, 26, makes her living in a way that doesn’t require a college diploma: by stripping at the Lido Cabaret, a topless club in Cocoa Beach, Florida. “I didn’t know what else to do,” she says. “I’ve got a worthless degree. It’s like I didn’t attend school at all."
Sunday, August 8, 2010
From Aspiring Video Game Designer to Stripper
Saturday, August 7, 2010
The Corporatization of Higher Education Has Made It Less Valuable to the Millenial Generation
Regular readers know that my opinion differs from Angel. I have stated in the past that I was very fortunate to have received financial aid and scholarships to attend a top ranked college. I enjoyed my experience and I think I am a better person because of it. I only wish the greedy people who run our country and our universities believed that all Americans were entitled to an education without having to go into life destroying debt. This is why I blog about the higher education and tuition scam and its destruction of both the education system and the people who once believed in it only to be left unemployed with hundreds of thousands of dollars in student debt.
Millions of people my age are rightfully bitter about their return on a $200,000 investment that has destroyed them emotionally and fiscally. I come from a working class family where I was denied a lot of the material objects that the majority of my well-to-do college and law school classmates were fortunate to have growing up. Part of the reason I went to college and later to law school was to not only become more wordly and enlightened but to also improve my life and help my parents and the rest of my family who continue to struggle to this day. I'm sure that most working and middle class students go to college for similar reasons.
So I absolutely hate it when these same well-to-do people, or older people who went to college when it didn't cost $50k a year to attend, tell me that money isn't important compared to intangible things like having an education. Well, you never really had to experience a single day being dirt poor living on food stamps or have Sallie Mae call you everyday demanding their student loan payment, have you? I'm not talking about not being satisfied with just having enough to survive and have a roof over your head and food on the table. I mean bottom of the barrel poor, scared to death that any day now you could be on the street and eating at a homeless shelter. Well, that is the situation millions of Americans are in right now including millions of college educated graduates who thought they did everything right only to have half of their wages garnished to pay for that oh so joyful college experience. And, of course, there is the law school scam that uses fraudulent employment statistics to convince their students that taking out $150k in loans in a field that continues to outsource jobs to India is a good investment.
I do not have rose colored glasses on when I listen to people my age with $200k or $300k in student loans regret never being able to go on a vacation, or treat themselves to a nice outfit, or have children because of this "mistake". When the cost of an education hinders your ability to build a life for yourself: get married, start a family, buy a house, or even qualify for an entry level job - that is when the pro-education crowd must take these complaints against a college education seriously rather than blame the victims for being bitter or resentful. This is not their fault. You wouldn't have people like Angel warning against an education if the expenses weren't so high.
I respect Angel's opinion because her criticisms are valid and many people from the X and the Millenial Generation, which I am a part of, feel the same way because of the corporatization of higher education. Here is part my response to Angel's post earlier this week:
HardKnocks said...This is what I said last month in response to critics of blogs such as BIDER that criticize the current education system:
The majority of Americans would be able to go to college IF colleges weren't so damn expensive, and that is largely the fault of greedy tenured professors and money hungry deans. I also believe that college shouldn't be 4,5,6 years. Most students would be able to graduate in 2 to 3 years if it weren't for ridiculous money making requirements set by their college. It's the same money making scheme that forces law students to spend three unnecessary years in law school.
There is no such thing as a "cheap college" if you are looking to go to most of the schools listed in the top tier of USNWR unless you get a ton of scholarships and financial aid. And the goal for most ambitious and academically gifted is still to get into the highest ranked school they can get into.
Most 18 year olds have no concept of savings and debt. They are just brainwashed by parents, teachers, the media, and USNWR to believe that a higher ranked school equals more prestige and better job opportunities to pay off the high tuition.
Anyway, what is the point of getting good grades so you can attend Podunk University with someone who got a 2.0 in high school? The US does not reward good students who aren't rich. Poor and middle class students are punished either with life crushing debt to go to a prestigious school, or they are told that despite all of their hard work they will never reach the coveted top tier school or Harvard because they weren't born into a rich family. That is NOT how the higher education system should work. The Ivy and top public universities should be accessible to anyone with the grades to get in, not just the rich.
As a starting point for any new readers joining us, I recommend reading Jobless Juris Doctor’s post about a day in the life of an unemployed graduate working a $10/hour part-time job with loans to pay back. Many of the comments are just a small window into the large numbers of young people who are depressed and on the verge of suicide because of student debt, especially in this new jobless era that could last for decades.
Please also read Cryn at Education Matters and put her under your blogroll even if your blog has nothing to do with education issues. Cryn is one of the few education advocates trying to change the system and fight for student loan victims. She regularly posts absolutely heart wrenching stories of educated American families being destroyed by student debt compounded by unemployment and our country not having a national health care system. Cryn herself attended an Ivy League and is now working in South Korea to pay off her student loan debt. Yes, many of us are being forced to flee the country to find anything resembling a respectable and decent paying job to pay off our student loans.
...We are not against education. We are against a system that devalues the importance of education by turning it into a money making scheme. To swindle millions of dollars from hard-working Americans using fraudulent data and myths in order to convince parents and their children that taking out hundreds of thousands in private loans is worth it to become more self-enlightened is despicable and should be stopped.I have also recently blogged about university presidents who receive money from BP, Goldman Sachs, and Nike. These presidents are paid millions of dollars each year while their students drown in student debt. Why should the "little people" even take universities and the crooks who run them seriously anymore? These crooks obviously do not believe in access to education for all if it means their salaries are cut in half so that colleges can once again become affordable places of learning for the masses.
Low-income, minority, and single parent (usually women) students bear the brunt of the higher education scam. Too many of them end up in for-profit schools or low ranked, third tier schools that offer a crappy education and few job opportunities at the same tuition rates as the Ivy League. Many must gamble with the possibility of absolute financial ruin for life by taking out huge loans to attend college. So when someone asks whether or not college (or graduate school) is worth it, they are asking a very serious question that no one in higher education is willing to answer directly. Is taking out $50k, $100k, $150k, $200k – even $300k (I know an Ivy League and T14 graduate who owes more than $300k) in loans worth the risk? Is anything that doesn’t offer a money back guarantee or an absolute guarantee of a good paying job worth taking such a huge financial risk?
Anyone who can justify not questioning these exorbitant costs is either rich, clueless, or profits in some way shape or form from the system currently in place.
More of our critics need to open their eyes, stop blaming the indentured educated class of my generation, and start demanding accountability and change from the higher education industrial complex. Until this ends, the education gap between the rich and the poor will only become wider and there will be more critics besides Angel arguing against college and graduate school.
Sunday, August 1, 2010
Corporations Own Our Country Including Our Universities
The article states a 2008 survey by The Chronicle of Higher Education that revealed presidents from 19 of the top 40 research universities with the largest operating budgets sat on at least one company board. The American Council on Education says that from 2001 to 2006, the proportion of presidents from all doctorate-granting institutions sitting on corporate boards rose to 52.1 percent from 47.8 percent at public institutions, and to 50.9 percent from 40.6 percent at private ones.
Does this really come as a surprise to anyone? From rising tuition costs to forcing students to buy $200 textbooks written by their professors and deals with corporations such as Gatorade and Nike, the American university is focused more on the next money making project rather than focusing on how to lower tuitions costs or improve teaching and classroom education.
Corporations have also used the American university to fill their predominantly white male boards with a few token minorities and women presidents from top universities, thereby killing two birds with one stone. They can “diversify” their corporate board and at the same time infiltrate prestigious universities to sell their products through money hungry academics. Here are a few examples of academics making millions of dollars from a few hours of “work” each month on a corporate board and as a university president.
Ruth J. Simmons, the president of Brown University and the first African-American woman to lead an Ivy League university, sat on the Goldman Sachs board until she stepped down this year. In 2009, she earned $323,539 from her Goldman directorship, including stock grants and options, as calculated by Goldman, and left the board with stock worth at the time around $4.3 million. This is in addition to her salary from Brown, $576,000 this year.
Dr. Jackson earned $1.38 million from her directorships, comprising both cash and stock. That’s in addition to $1.6 million from her day job, including bonuses and other benefits.
…
Phyllis M. Wise, the provost of the University of Washington, is on Nike’s board. Nike said it hired Dr. Wise, an Asian-American, “because of her impressive accomplishments and her record of independent thought, and we believe that through the exchange of ideas, both Nike and the University of Washington will benefit.”
…
Erroll B. Davis Jr., chancellor of the University System of Georgia, was on the BP board for 12 years, though he stepped down in April, just days before the Deepwater Horizon rig exploded, causing the massive oil spill in the Gulf of Mexico. His retirement, however, wasn’t enough to protect him from being named, along with other directors, in a small number of lawsuits filed against BP over the disaster.
…
John Gillespie, who has written a book on corporate boards, “Money for Nothing,” says academics are often selected for another reason — because they are less likely to rock the boat than directors from the business world.
Academics may be trained to ask tough questions in their own fields, but when confronted with tricky business issues far above their level of expertise they “often become as meek as church mice,” he says.
The worst part of all of this is how these so-called academics hide their corporate lies, academic dishonesty, and swindling of millions from innocent student under the guise of promoting “education” . Advertising is a huge, unavoidable part of our lives in the 21st century. We have advertisements on BIDER where Angel and I make an average of thirty cents per day. We sometimes advertise products we like if the company is willing to provide products for review and to give away without any monetary compensation. Whoopty-doo. The difference is that Angel and I aren’t charging our readers $40,000 each year to read our articles, buy us a seat on the board of Nike to advertise Nike products on BIDER, ban anyone who criticizes Nike, and call it education.
See what is going on here? Dr. Wise makes $559,000 yearly as president of the University of Washington as well as $50,000 in cash and $70,000 in stock options from Nike. In return, Nike pays the university around $110,000 a year for the right to sell Washington shirts and gives $35 million in cash and athletic equipment to the university over 10 years. After some criticism, Dr. Wise says she will donate her income from Nike (I’m assuming only the $50,000 in cash and not the stock options or whatever else she makes that goes towards her $559,000 salary) to student scholarships. Fifty thousand is only a drop in the scholarship fund coffer that will undoubtedly go towards scamming more students into handing over $100k to the university – and Nike – over the course of four years. Who are these university administrators trying to fool? It’s appalling.
This is what Ms. Wise had to say in defense of her deals with Nike and the University of Washington:
“Many years ago, academicians tended to be dreamers,” she says. “We assumed somebody else would figure out where the money was going to come from. That notion is no longer the case.”
As for what she brings to Nike, she says, “I know a little bit how students think, what might drive their desire to look into Nike products.”
Wow. Well, at least she’s not trying to hide the fact that being an academic no longer has anything to do with caring about students’ education and everything to do with what kind of shoes university officials can convince students to buy from the school bookstore. You know what? I think college educated parents should be able to home school their young adult children to get their BA from now on because colleges have become a ridiculous, insanely expensive joke. When will the madness end?
Monday, June 28, 2010
A Loan Company Worse Than Sallie Mae
Grande graduated in 2007, briefly took jobs coaching baseball at Southern Regional and substituting as a teacher for special needs students, and then moved to Florida for an internship at a brokerage, paying off some of his college debt as he went along.Their son owed more than $81,000 in student loans from NJ Class, the state's college loan program. Like the snakes that they are, NJ Class sent the devastated parents a notice less than a year after their sons death stating, "We sympathize with you, but you co-signed for it. Our bondholders want their money." Even the devils at Sallie Mae waived Grande's federal loan debt after being sent a copy of his death certificate. But the monthly $685 bill from the New Jersey Higher Education Student Assistance Authority kept coming.Two weeks before he was scheduled to take his Series 7 exam to become a stockbroker, he hit the back of a truck.
His parents said police haven't figured out what happened that night; they said toxicology reports came back negative. But they were left to pick up the pieces. Among them: What to do about the thousands of dollars in college loans that their son now can't repay.
"Although we are sympathetic to the difficult circumstances involved, under the terms of the bond indentures that finance the NJ Class loan program, HESAA is not permitted to forgive student loans as a result of the death of a borrower since the repayment of the NJ Class loans financed through the bond issues is how the debt service on these bonds is paid," said AnnMarie Bouse, a spokeswoman for the authority.Yes, student loans will haunt many of you for your entire life and your loved ones after you die. If you don't want to take this huge burden with you to your grave and risk passing this financial nightmare to your parents or spouse, do not take out these huge loans to get a worthless degree. I don't care what the mainstream media, Yahoo HotJobs, President Obama, or anyone else tells you about higher education. Nothing is worth gambling your life and family on a degree that doesn't guarantee a job and a wage big enough to pay off loans, some of which aren't even dischargeable in death.
Over the weekend in France, young people protested against raising the retirement age. Why can't young people in the U.S. get as angry about their generation owing hundreds of thousands in student debt or these state college loan programs making parents of deceased borrowers pay off these loans or not honoring contract promises to students? Have we become so demoralized, apathetic, and complacent that we can't demand more protection from the corporations who run our country and even our higher education system? When will more Americans say enough is enough?
Monday, June 14, 2010
How Much Are They Paying You, Dawn Connor?
I can only hope that the for-profit scam artists and their friends on Capitol Hill are paying you, Dawn Connor, or at least forgiving some of your student loans for shilling on their behalf. Either you will make millions continuing to lobby on the behalf of for-profit colleges, or you will be back in Eau Claire neutering cats and dogs for the rest of your life -- if you're lucky.This makes my blood boil, but this looks like the few options for-profit graduates have these days. Either become part of the industry that scammed you, or end up thousands in debt with no job prospects.
Who is Dawn Connor? The article lists her "credentials" which include enrolling in three different nonprofit colleges without earning a single degree. She is the face of the for-profit industry because, really, what else would she have done to pay off her student loan debt without her new job rubbing elbows with politicians to make more money for the for-profit thieves?A few months ago, Dawn Connor was just another college student, attending night courses to become a veterinary technician and practicing her trade by spaying and neutering dogs and cats from a local shelter.
These days, the 33-year-old from Eau Claire, Wis., is shaking hands on Capitol Hill and speaking at news conferences in Las Vegas, the new public face of the satisfied for-profit college student.
Standing closely behind her is the Career College Association, a lobbying group for for-profit schools that provided the organizational muscle to launch the grassroots-sounding Students for Academic Choice at a time when for-profit colleges are under fire.
The Career College Association helped the students establish a website, draft bylaws and set up an online election that resulted in Connor being elected the group's president — all at a time when for-profit colleges are intensifying lobbying efforts against tougher federal regulations expected to be proposed in the coming days.
Connor was a collegiate drifter. She said she graduated early from high school and enrolled at three different nonprofit colleges, changing majors a few times without earning a degree.
Then she found the Eau Claire campus of for-profit Globe University, which offered a flexible schedule that allowed her to attend class at night while she worked full-time in a health care job.
It wasn't cheap. Tuition to complete a two-year associate's degree in veterinary technology at Globe runs $44,820, and lab fees and books are extra. Connor said it cost her less because she had transfer credits.
Even so, she said the state-of-the-art surgical suites and small classes is worth the extra expense.
Connor seems to come off as the type of person who never should have went to college, would have been better off working for the last ten years instead of drifting from one crappy for-profit to the next, but continued to rack up student debt at any "college" that would take her in. She is the perfect example of why these nonprofit schools should be closed down and a warning to students like her. Do you want to be 33-years-old, still in school with no job skills, and owe thousands of dollars in student debt?
The article does not state how much student loan debt she owes. I wouldn't be surprised if she owes upwards of $100k after attending four different colleges before finding her calling as a for-profit shill for a so-called student organization that Lauren Asher of the Institute for College Access & Success calls "an industry-sponsored group".
Any last words, Ms. Connor?
Connor said lower tuition "would be great. In the real world, that would be great if we could lower the price for everything. But that's just not an option at this point in time. That's not the point we're trying to get to right now."She is an idiot and a clueless hack, which makes her perfect for the for-profit industry in their propaganda. I suggest Connor to milk as much as possible from these thieves while she still can or convince her for-profit school to hire her as a spokesperson, because there is no way she will be able to survive in the "real world" as a 33-year-old with no work experience and a Global University associate's degree. Good luck paying off that $45,000 loan and whatever else you owe to those three other diploma mills.
Saturday, June 5, 2010
Must Read From Escape From America Magazine!
The Angry Future Expat has already pasted the best excerpts from the article in his latest post, so go read that along with the article in its entirety on the Escape From America website. I just can't resist including a few more excerpts for you to read here. There are ways to escape from a life of massive student debt, slave labor and wages, unemployment, and expensive health insurance without the health care. Sallie Mae & Friends would rather have you indebted to them for life by staying right where you are now, but you do have options. You still have a chance at a comfortable, healthy, happy, and debt free life!
Read the entire article now!You have the worst quality of life in the developed world – by a wide margin.
If you had any idea of how people really lived in Western Europe, Australia, New Zealand, Canada and many parts of Asia, you’d be rioting in the streets calling for a better life. In fact, the average Australian or Singaporean taxi driver has a much better standard of living than the typical American white-collar worker.
I know this because I am an American, and I escaped from the prison you call home.
I have lived all around the world, in wealthy countries and poor ones, and there is only one country I would never consider living in again: The United States of America. The mere thought of it fills me with dread.
Consider this, you are the only people in the developed world without a single-payer health system. Everyone in Western Europe, Japan, Canada, Australia, Singapore and New Zealand has a single-payer system. If they get sick, they can devote all their energies to getting well. If you get sick, you have to battle two things at once, your illness and the fear of financial ruin. Millions of Americans go bankrupt every year due to medical bills, and tens of thousands die each year because they have no insurance or insufficient insurance. And don’t believe for a second that rot about America having the world’s best medical care or the shortest waiting lists: I’ve been to hospitals in Australia, New Zealand, Europe, Singapore, and Thailand, and every one was better than the “good” hospital I used to go to back home. The waits were shorter, the facilities more comfortable, and the doctors just as good.
This is ironic, because you need a good health system more than anyone else in the world. Why? Because your lifestyle is almost designed to make you sick.
...
If you’re young, you’ve got plenty of choices. You can teach English in the Middle East, Asia or Europe. Or you can go to university or graduate school abroad and start building skills that will qualify you for a work visa. If you’ve already got some real work skills, you can apply to emigrate to any number of countries as a skilled immigrant. If you are older and you’ve got some savings, you can retire to a place like Costa Rica or the Philippines. If you can’t qualify for a work, student or retirement visa, don’t let that stop you – travel on a tourist visa to a country that appeals to you and talk to the expats you meet there. Whatever you do, go speak to an immigration lawyer as soon as you can. Find out exactly how to get on a path that will lead to permanent residence and eventually citizenship in the country of your choice.
You will not be alone. There are millions of Americans just like me living outside the United States. Living lives much more fulfilling, peaceful, free and abundant than we ever could have attained back home. Some of us happened upon these lives by accident – we tried a year abroad and found that we liked it – others made a conscious decision to pack up and leave for good. You’ll find us in Canada, all over Europe, in many parts of Asia, in Australia and New Zealand, and in most other countries of the globe. Do we miss our friends and family? Yes. Do we occasionally miss aspects of our former country? Yes. Do we plan on ever living again in the United States? Never. And those of us with permanent residence or citizenship can sponsor family members from back home for long-term visas in our adopted countries.
In closing, I want to remind you of something – unless you are an American Indian or a descendant of slaves, at some point your ancestors chose to leave their homeland in search of a better life. They weren’t traitors and they weren’t bad people, they just wanted a better life for themselves and their families. Isn’t it time that you continue their journey?
Sunday, May 2, 2010
Frontline Exposes For-Profit College Scam
Frontline Press Release:
Higher education is a $400 billion industry fueled by taxpayer money. One of the fastest-growing--and most controversial--sectors of the industry is the for-profit colleges and universities. Unlike traditional colleges that raise money from wealthy alumni and other donors, many for-profit schools sell shares to investors on Wall Street. But what are students getting out of the deal? Critics say a worthless degree and a mountain of debt. Proponents insist they're innovators, widening access to education. FRONTLINE follows the money to uncover how for-profit universities are transforming the way we think about college in America.
A Must Read Letter
Dear Angel, Hardknocks, and BIDER readers,
I did not go to law school. I received my Masters degree last year and have been unable to find a full time job. I live with my parents and work temp jobs when I can find them. I am seriously considering moving to another country as Angel and Hardknocks have suggested. The United States will unlikely recover from years of corporate and political corruption and mismanagement that continues to this day. Your JD or Ph.D will not change the damage that has been done to our country's infrastructure and it will not get you a job. I want to advise any college student reading this to take Angel and Hardknocks seriously when they tell you not to attend law school. Also think twice about getting a graduate degree in most disiplines. Maybe you will be unemployed for a while but it is better to be an unemployed college graduate than an unemployed JD or Ph.D after spending countless years in school with $200000+ in loans to pay back.
I have agreed with Hardknocks that education is important in the development of one's mind and understanding of the world. However, higher education has become a Ponzi scheme. It is no longer about educating students but about stealing as much money the universities can get away with charging to pay for unnecessary renovations and give their employees corporate wages all in the name of profits, fake prestige, and US News & World Report rankings. It is a business as corrupt as Goldman Sachs and the so-called academics who make corporate sized salaries have the same amount of sympathy for their victims as Bernie Madoff. I was astonished at how little the administration at my school cared about the student body. They did not take the job search seriously enough and career services has not extended their hand to help the majority of last year's grads find jobs. This is just my personal experience but after reading the law scam blogs this type of attitude seems to be common with administrators and deans at most graduate schools. The money they make is a crime when they know so many of their students will end up jobless and with crushing debt. How can they live with a clear conscience? It's dispicable.
Everything from campus news to the career fair is a public relations stunt. I heard from other students that the employers at our career fair were there only as a favor to career services. They were not serious about giving anyone a job. Most of my classmates did not find a job through the career fair. We were angered that we had wasted our time and money to buy a new suit and print out a hundred resumes only to hear the same thing over and over again: "We're not hiring." So why are you here? Career services had their cameras ready and bragged in a blog post with photos and video about how so many employers came to the career fair. They forgot to mention that no one ended up with a job offer.
I personally cannot wait for the tuition bubble to burst and some of these schools close down for good. Only then will these deans and adminstrators feel what it is like to be unemployed. Or will they purchase a more powerful marketing team to fool the next generation of students? The education industrial complex and the media have successfully brainwashed middle class parents and students at a young age to be ashamed of occupations that use one's hands or don't require an advanced degree. They push students to go to college and ignore signs that some students would do better off as a plumber or electrician. I would love to have one of those jobs right now.
The law school scam movement is one of the few grassroots movements to take on the education industrial complex. College students should feel lucky to have this resource on the web. Those of us several years older did not get honest advise and now our dreams have been destroyed because we chose to further our education. When I listen to politicians and businessmen giving commencement speeches about the importance of an education and doing good in the world, I only hear lies and hypocrisy. These are the criminals who stole money from taxpayers, caused irreversible environmental and economic disasters, continue to send our young men and women to kill and be killed in foreign lands, and have never helped a poor soul in their life unless it's for a photo op. It's sickening but this too is part of the university's publicity stunt.
Don't make the same mistake we did and don't allow these crooks to take any more of our money. They have destroyed an entire generation. The skeptics and non-believers who criticize the law school scam movement should watch their backs because any one of you can be out of a job tomorrow. There is a thin line between the middle class and poverty for most Americans.
In Solidarity,
A Victim
Friday, January 22, 2010
Wall of Shame V: Who Paid Off the Supreme Court????
Why don't we just close down the polling centers and hold votes on Wall Street, Justice Scalia?
Opinion was 5-4: Scalia, Roberts, Alito, Thomas, Kennedy for.
Sotomayor, Stevens, Ginsberg, Breyer against.