Wednesday, June 2, 2010

New York Times at it again

I am really getting fed up with the New York Times. In this Ron Lieber article "Placing the Blame as Students are Buried in Debt" they lament the awful plight of a women's studies major at NYU who now can't earn enough to pay off her student loans.

DUH?!?!?

They blame the banks and school for not counseling her on financial planning. How about a little academic counseling - as in, don't pile up debt for a major that prepares you for nothing!!

Parents get sucked into this so-called American dream of going to the best school and then studying what interests you. We scream about Wall Street taking our investment dollars - but where is the outrage of losing your total investment of $100,000 on a worthless degree?!?!

Obama wants for-profit universities to prove their degrees could provide enough earnings power to cover the loans - how about NYU prove the same thing!! Would definitely not happen in this case.