tag:blogger.com,1999:blog-8358039.post6721202306548955964..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Tax Professors and College Admin to Bail Out Student LoansCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8358039.post-14139979566663515972020-02-25T17:20:13.802-08:002020-02-25T17:20:13.802-08:00Let's do some math.
A Google search tells me t...Let's do some math.<br />A Google search tells me that the average professor salary in the US is about $75000.<br />Lets assume we are talking about a research university with a lowest teaching load of 1 class per semester (2 per year). Let's also assume that 100% of the salary is paid from teaching.<br />Finally let's take an average class size of 20 students. <br />We get that the cost of one course per student is $1875. Taking that the students typically take 4 classes per semester the total amount a student contributes to professors salary per year is $15000.<br /><br />Everything above that is overhead. <br /><br />Now. Please note that for a research university, not 100% of the faculty salary comes from teaching undergraduates. And the class size is higher than 20.<br />For a teaching college, on the other hand, the teaching load is something like 5 classes per semester. Although the class size is smaller. <br /><br />So it is probably not the professor salaries that are the biggest problem, but the university overhead. Asshole Wingmanhttps://www.blogger.com/profile/04721962781525459450noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-27172448582477425062020-02-25T15:59:57.442-08:002020-02-25T15:59:57.442-08:00I'm sorry but the Millennials will henceforth ...I'm sorry but the Millennials will henceforth be known as the Crybaby generation.iunoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-30036636017935950442020-02-25T10:12:25.046-08:002020-02-25T10:12:25.046-08:00"You aren't wrong, but the "victims&..."You aren't wrong, but the "victims" here were adults, with agency and free will. This isn't on the same level with stealing candy from infants. These were adults and they signed contracts. It's not my fault they were suckers and I'll be goddamned if I'm going to bail them out."<br /><br />Right, blame the victims, and not the Gaslighters. How come no one stopped to think "Maybe we shouldn't be lending all this money to people majoring in worthless degrees". Don't think the other Generations are off the hook for lying to Millenials. <br /><br />The family court system routinely sides with Adult Women who have agency and allows them to get off the hook. However, in the case of student loan debt its provable that were was extreme deception going on by the Narcisstic Baby Boomers, and Hedonistic Generation X. That latter of which no one seems to notice is partially responsible for this mess.<br /><br />The same thing happens in the workforce. Its the employers fault a new hire cant do their job, not the new hire. Ignoring the root cause only causes error cascades. A debt jubilee would be marvelous thing. Federal employees and some teachers are already able to get one. <br /> Why not victims of our societies love of lies? Why not people that were collectively lied to by Elders? You know, the one group of people that's supposed to have their best interest. Perpetuating the cycle of abuse is not going to solve the problem. Id hate to be a Gen Xer and Baby Boomer when Millenials finally start waking up to how badly they were hoodwinked. We outnumber all of you, and most of you are cowards, hiding behind HR departments and ignore the reality principle.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-15540886830382452422020-02-25T06:26:20.725-08:002020-02-25T06:26:20.725-08:00I am one of those professors. But I am not a boome...I am one of those professors. But I am not a boomer (borderline between gen X and millenial), I am in a STEM field, in a research university and not in the USA. So the situation is not exactly the same.<br /><br />Now, I can tell you for certain that when it comes to my university, 90% of the undergraduates have no business being in my major. I am in the S part of STEM, and most of the students don't have the aptitude for it and won't work in a related field. Moreover, even for those that do have the talent and the brains our program is not competitive enough.<br /><br />My own undergraduate degree was from a top level public University in US, PhD was from an Ivy League level private school, and my postdoc was abroad at the too university of that country. All those programs are competitive enough in pure science to be worth it even if you go into industry after. But for lower ranking universities, a bachelor in pure science is hard to justify.<br /><br />The number of undergraduatea in our department should be much smaller, but we are given a quota from the university level that we have to abide by. <br /><br />The best I could do is to push for more training of applied skills beyond the science to set the students up for industry careers. Luckily, most of the department is on board with it. <br />Unfortunately, there are always some faculty that have a phylosophy that is the students are not interested in staying in science like them, then fuck those students. Asshole Wingmanhttps://www.blogger.com/profile/04721962781525459450noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-67975566817076594332020-02-24T18:27:07.200-08:002020-02-24T18:27:07.200-08:00Being a student debt slave and not knowing who was...Being a student debt slave and not knowing who was your true enemy is a lot like being chummy with the people who robbed you.<br /><br />Colleges and universities - Where Baby Boomer and Gen X Marxists financially rip off young and aspiring Marxists.Davidhttps://www.blogger.com/profile/09913514046087514944noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-62010722395838361792020-02-24T13:01:28.731-08:002020-02-24T13:01:28.731-08:00You aren't wrong, but the "victims" ...You aren't wrong, but the "victims" here were adults, with agency and free will. This isn't on the same level with stealing candy from infants. These were adults and they signed contracts. It's not my fault they were suckers and I'll be goddamned if I'm going to bail them out.<br /><br />Anyone stupid enough to rack up six figures in student loan debt for a degree in philosophy and then bitch about it while working at McDonald's deserves it. He's Mr. Bad Example. Don't be like him. Choices have consequences. They should bring back the stocks and debtor's prison for these stupid motherfuckers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-56321238529760633982020-02-24T10:50:00.793-08:002020-02-24T10:50:00.793-08:00I am a professor Boomer and I resemble that remark...I am a professor Boomer and I resemble that remark, only I teach STEM. <br /><br />* The biggest scam is not the school, well second, first are the books. "not the professor selling his "38th edition textbook" for $400." is the real scam and I know a few that bull it off. In this digital age, a few profs could put together a digital edition for $10. Sell 20k copies a year and share the profits. A nice sum to make and everyone comes away satisfied.<br /><br />* Few if any make the six figure salaries like Warren did. If you add in the lowly adjuncts average pay is around $40k or so. Adjuncts are the dirty secret of the education trade. <br /><br />* I do caution students that going into my program is not a video game which many hinge their interests on. I also caution that be very sure that you have your life squared away before taking on any debt. <br /><br />By the way the screwing starts at the HS counselor level. None of them know how to pitch a life other than 'go to college'. Its the easy solution for them too. Hand out brochures and stamp the kids forehead 'done'.Tucanae Serviceshttps://www.blogger.com/profile/11935170696138248693noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-12488182251790880212020-02-24T08:28:16.097-08:002020-02-24T08:28:16.097-08:00Quite impressive how University of Mizzou recovere...Quite impressive how University of Mizzou recovered from that fiasco. All the major news networks just swept under the rug and demonized white males were all too quick to forgive. Anonymousnoreply@blogger.com