<p>I majored in a legitimate hard science (not biology or comprehensive science). These days, you guys in college are better off than we were in the earlier 2000s. Websites like this weren’t too popular back then and students these days are much more aware of student loan debt than we were because of more press coverage it has gotten within the past two years since students before you (like kids in my class) are starting to default at soaring rates because the promises colleges and universities peddled have never come true. </p>
<p>Wages have remained stagnant, I don’t understand how tuition for you guys continues to skyrocket above the rate of inflation almost every single year. Many of you guys not in business or engineering are going to get out here and realize that you are going to probably earn in the range of $30-40k if you’re lucky. Knowing that, would you still say a college education is worth $40,50,60k, or more in student loan debt? Those debt amounts may not seem like a lot to you now, but after factoring interest payments and all the other bills you’ll have to pay, those students loans are going to take you 20 years to pay off on a typical middle class income. </p>
<p>If we are going to sit here and say “well you should have chosen a major that would payoff” then that means that the only majors people should choose then would be something in the business school or engineering. Think of how many people major in art, film, music, philosophy, theology, english, and so on currently at VU. If we cut all of them out, then VU no longer would be a university and should just be called “Villanova”.</p>
<p>These days, all of you not in business or engineering that also do not come from elite wealthy families are going to be making around $40k out of school. If you have a lot of student loans because you bought into the hype, you are going to be crushed for a very long time. Many companies these days are moving towards the temp job scheme so that they don’t have to pay benefits, can pay lower salaries, and let you go on a whim. If the economy is terrible right now and has severe structural problems with regards to employment, how can VU, or any college for that matter, justify raising prices on students every single year? They can’t, the only reason they do it is because they don’t want to admit that they’ve created a giant bubble that’s about to burst that has many characteristics in common with the housing crisis of '08 and can’t stop inflating it. </p>
<p>I haven’t had health insurance in over a year and a half because I’ve been stuck in the permatemp scheme. There’s simply no jobs left almost anywhere. Those of you in school now that are carrying a sizable amount of loans are in for a world of hurtin’ once you get out.</p>