Log in
Register
Home
Forums
New posts
Search forums
What's new
Featured content
New posts
New profile posts
Latest activity
News
Members
Current visitors
New profile posts
Search profile posts
Features
Log in
Register
What's new
Search
Search titles only
By:
Search titles only
By:
New posts
Search forums
Menu
Install the app
Install
Reply to thread
Home
Forums
Pro Audio
Junior Varsity
X32 Discussion
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
<blockquote data-quote="Bennett Prescott" data-source="post: 125595" data-attributes="member: 4"><p>Re: X32 Discussion</p><p></p><p></p><p></p><p>My understanding, and correct me if I'm wrong, is that undergraduate degrees in Europe are typically paid for by the state with little or no debt incurred by the student.</p><p></p><p>Here in the USA it's the opposite: College or University education is quite expensive to begin with, and paid for by the student and/or their family. Getting this student financial aid is perhaps the most involved part of applying for and going to college, the college gets to look at <a href="http://en.wikipedia.org/wiki/FAFSA" target="_blank">full financial records</a> for the student and their parents. Often planning for this moment starts at birth, using a <a href="http://en.wikipedia.org/wiki/529_plan" target="_blank">529 plan</a> or other financial instrument. For a middle class family going to a B level college you can typically expect the college to pay about half using grants and scholarships. Better colleges have better grants and scholarships, my sister graduated from Princeton with no debt whatsoever - and in fact they sent her on studies abroad and other very interesting trips using school funds while she was attending. I graduated from Rensselaer Polytechnic Institute and squeaked by with about $15K in debt, maybe 10% of my education. This debt is readily issued at good (but not great) interest rates by financial institutions as it is guaranteed by the Federal government. Not only do they guarantee it, but it cannot be discharged by the student for any reason - including bankruptcy. It is easy, by the time you enter the working world with your BS or BA degree, to have paid $150K for that privilege and have $25K in debt to show for it. </p><p></p><p>God forbid you go to medical school, which costs about $250,000 and is borne entirely by the student. This heavily disincentivizes becoming a primary care physician, hospitalist, or family practice doctor as the pay is not high enough to pay back the degree in short order.</p><p></p><p>Graduate degrees, and medical specialties (like becoming an orthopedic surgeon) are usually 100% covered, plus a stipend to live on, by the school or government (like the <a href="http://en.wikipedia.org/wiki/National_Institutes_of_Health" target="_blank">NIH</a>). My wife, who has a PhD in molecular biology and works in basic research at Harvard Medical School, had $10K in debt total to show from her entire education - BS, MS, and PhD - from <a href="http://en.wikipedia.org/wiki/Ivy_League" target="_blank">Ivy League</a> schools.</p><p></p><p>Long story short, it is extremely financially difficult in the USA to get a college degree and then work in pro audio. The risk/reward ratio here is not honestly analyzed by most students as not having an undergraduate degree is highly stigmatized, even though most jobs in Pro Audio do not require a bachelors degree.</p></blockquote><p></p>
[QUOTE="Bennett Prescott, post: 125595, member: 4"] Re: X32 Discussion My understanding, and correct me if I'm wrong, is that undergraduate degrees in Europe are typically paid for by the state with little or no debt incurred by the student. Here in the USA it's the opposite: College or University education is quite expensive to begin with, and paid for by the student and/or their family. Getting this student financial aid is perhaps the most involved part of applying for and going to college, the college gets to look at [URL="http://en.wikipedia.org/wiki/FAFSA"]full financial records[/URL] for the student and their parents. Often planning for this moment starts at birth, using a [URL="http://en.wikipedia.org/wiki/529_plan"]529 plan[/URL] or other financial instrument. For a middle class family going to a B level college you can typically expect the college to pay about half using grants and scholarships. Better colleges have better grants and scholarships, my sister graduated from Princeton with no debt whatsoever - and in fact they sent her on studies abroad and other very interesting trips using school funds while she was attending. I graduated from Rensselaer Polytechnic Institute and squeaked by with about $15K in debt, maybe 10% of my education. This debt is readily issued at good (but not great) interest rates by financial institutions as it is guaranteed by the Federal government. Not only do they guarantee it, but it cannot be discharged by the student for any reason - including bankruptcy. It is easy, by the time you enter the working world with your BS or BA degree, to have paid $150K for that privilege and have $25K in debt to show for it. God forbid you go to medical school, which costs about $250,000 and is borne entirely by the student. This heavily disincentivizes becoming a primary care physician, hospitalist, or family practice doctor as the pay is not high enough to pay back the degree in short order. Graduate degrees, and medical specialties (like becoming an orthopedic surgeon) are usually 100% covered, plus a stipend to live on, by the school or government (like the [URL="http://en.wikipedia.org/wiki/National_Institutes_of_Health"]NIH[/URL]). My wife, who has a PhD in molecular biology and works in basic research at Harvard Medical School, had $10K in debt total to show from her entire education - BS, MS, and PhD - from [URL="http://en.wikipedia.org/wiki/Ivy_League"]Ivy League[/URL] schools. Long story short, it is extremely financially difficult in the USA to get a college degree and then work in pro audio. The risk/reward ratio here is not honestly analyzed by most students as not having an undergraduate degree is highly stigmatized, even though most jobs in Pro Audio do not require a bachelors degree. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Pro Audio
Junior Varsity
X32 Discussion
Top
Bottom
Sign-up
or
log in
to join the discussion today!
