Skip to main content
A New York Times profile last week described Courtney Munna, a 26-year-old graduate of New York University with nearly $100,000 in student loan debt — debt that her degree in Religious and Women’s Studies did not equip her to repay. Payments on the debt are about $700 per month, equivalent to a respectable house payment, and a major bite on her monthly income of $2,300 as a photographer’s assistant earning an hourly wage.

Glenn Reynolds: Higher education’s bubble is about to burst | Washington Examiner


There should be some kind of open disclosure whenever anyone is trying to get education loans. The sad thing is that if you were to show them a simple summary sheet that says “this is what you are paying for this semester, and this is how much you will end up paying if you make the monthly payments” they still would not be able to grasp that on graduation somebody with a bachelors degree in basket weaving studies may have some trouble scoring a job that will bear the brunt of a $100,000 loan amortized over 30 years. 

Comments

Post a Comment

Popular posts from this blog

On sleep deprivation and Incan Monkey Gods

From: Dilbert comic strip for 08/03/1992 from the official Dilbert comic strips archive. I was trying to show this strip to a coworker who is dangerously toying with the harsh mistress that is Insomnia. What shocked me is how quickly I was able to look up the strip, which was published when he was just 11 years old, and two weeks before my just-out-of-college ass shipped out to US Army Basic Training.
Post a Comment
Read more

The Black Hole

If this was a minigolf hole, you can't reach B from A. Ever. If this was a room lined with mirrors, and you lit a candle at point A, you can't see it from B, not even reflected.  Update: I guess I didn't explain this all the way through. You can't reach B from A with just one stroke, there's no direct line between them, and there is no way to bounce the ball (assuming perfect conditions). Thanks to Ben for pointing this obvious error. 
4 comments
Read more

Add custom speed settings to your ifit map workout

Ifit.com allows you to build a workout walk/race/bike route simply by clicking on a Google Maps interface. You can then use a compatible ifit-enabled workout machine to recreate the route automatically. The problem is that the user interface still isn't final, so there are features in place that aren't exactly obvious. For example, if you create a workout your machine starts at 1 MPH, because that's the default. But how to set it to start at say, 3 MPH? Easy, just switch from map view to graph view: That button switches from the Google Maps interface to a chart that allows you to visualize and control effort: You can't change the elevation, this is fixed due to the geography that you selected. But you can drag the yellow (speed line) to change the speed of your device.  What if you want to have segments at different speeds? Easy, just click and drag and it will break the line, and you can drag each segment of the line independently: ...
1 comment
Read more