They made two statements that intrigued me a great deal.
Senator Sanders stated the cost of a college education in the USA has tripled since 2004.
Senator Bennet made a temporal observation when he noted, the USA was first in college educated people in 2000.
2000 was the millennial.
I have to wonder what happened between 2000 and today and from 2004 to today to accomplish such devastating results to our young people. Then considering on top of all that they are unemployed at graduation. And to realize their debts are high means they do not contribute to the economy in a real way while being unable to purchase homes. This is serious problem and it is about to get worse with the student loan interest because the interest rate is doubling as of July 1, 2013.
June 24, 2013
On Monday, Sen. Elizabeth Warren (D-Mass.), (click here) demanded that Ed DeMarco, the head of the Federal Housing Finance Agency (FHFA), justify why his government agency is supporting the super-high-interest rate private students loans that are drowning many Americans in debt.
For the past few years, one of the Federal Home Loan Banks that DeMarco's agency oversees has been funding Sallie Mae, the largest provider of private student loans in the country. Warren wants DeMarco to explain why...
Federal Home Loan Banks (click here)
Senator Bennet is correct. The number of graduated Bachelor Degrees in 2000 were 15.5. percent (click here), then in 2010 it was 19.4 percent (click here). While that seems a real improvement in college degree performance, one has to remember Bachelor degrees are often the beginning of an advanced education. That is only a growth of 3.9 percent. What is not reported here is the competition and the increase globally of the Bachelor degrees.
What this is coming down to is that the USA is STAGNANT in the growth of our advanced educated citizens. If China proves anything, it proves they are winning on expertise within their sovereign borders.
This is a study by UC, Berkley (click here)
In 1978, there were only 405 higher learning institutions in China, including three-year vocational training colleges. By 2006, there were already 1867 public universities and colleges, with 444 public adult higherlearning institutions as well. System diversification also provides the possibility for highschool students to get a tertiary education in the private sector. Now in China, there are278 private (Minban in Chinese) colleges and universities which have already beencertified by the Ministry of Education, with 994 more institutions which are ready forcertification, and 318 independent colleges that have some kind of affiliation with public universities. Now, China has 3901 higher learning institutions with a gross enrollmentrate of 22%. The total number of students is 23 million, making the higher educationsystem one of the largest in the world.
The stark reality is what follows after the Undergraduate Degree in the USA.
The advanced degrees in the USA were about 8.9%. In 2010, it was 10.5%. That is an increase of 1.6 percent. When one compares where the USA is to China we are definitely behind in education of our citizens.
This is the real shocker. From a USA historical perspective we have really fallen off our performance levels.
To the right are Bachelor and advanced degrees. Below are Bachelor degrees.
Where these statistics get a little too odd is to relieve that a Bachelor's degree in 1990 does not get the same pay grade as in 2013.
This is the report where these graphs and statistics are found (click here) "120 years of American Education: A statistical portrait."
They not only don't get the same pay grade, they are more expensive to achieve.
I have to agree there is a lot wrong. It was "Apple" that once stated it would be difficult to bring manufacturing to the USA because we lacked enough engineers for their needs.
These Senators are correct. We need to look at all the parameters effecting the future of the USA. There are programs like that of NASA to reach into deep space. The USA has to have the brain trust to carry those programs to completion.
Additionally, the idea expensive education will result in the kind of brain trust we need is wrong. The PhD grads in China don't pay a dime. The Congress needs to do something. The rich keep getting richer and the poor keep getting poorer in the USA. It is all backwards and we have to stop wagering our children's futures.
Senator Sanders stated the cost of a college education in the USA has tripled since 2004.
Senator Bennet made a temporal observation when he noted, the USA was first in college educated people in 2000.
2000 was the millennial.
I have to wonder what happened between 2000 and today and from 2004 to today to accomplish such devastating results to our young people. Then considering on top of all that they are unemployed at graduation. And to realize their debts are high means they do not contribute to the economy in a real way while being unable to purchase homes. This is serious problem and it is about to get worse with the student loan interest because the interest rate is doubling as of July 1, 2013.
June 24, 2013
On Monday, Sen. Elizabeth Warren (D-Mass.), (click here) demanded that Ed DeMarco, the head of the Federal Housing Finance Agency (FHFA), justify why his government agency is supporting the super-high-interest rate private students loans that are drowning many Americans in debt.
For the past few years, one of the Federal Home Loan Banks that DeMarco's agency oversees has been funding Sallie Mae, the largest provider of private student loans in the country. Warren wants DeMarco to explain why...
Federal Home Loan Banks (click here)
Senator Bennet is correct. The number of graduated Bachelor Degrees in 2000 were 15.5. percent (click here), then in 2010 it was 19.4 percent (click here). While that seems a real improvement in college degree performance, one has to remember Bachelor degrees are often the beginning of an advanced education. That is only a growth of 3.9 percent. What is not reported here is the competition and the increase globally of the Bachelor degrees.
What this is coming down to is that the USA is STAGNANT in the growth of our advanced educated citizens. If China proves anything, it proves they are winning on expertise within their sovereign borders.
This is a study by UC, Berkley (click here)
In 1978, there were only 405 higher learning institutions in China, including three-year vocational training colleges. By 2006, there were already 1867 public universities and colleges, with 444 public adult higherlearning institutions as well. System diversification also provides the possibility for highschool students to get a tertiary education in the private sector. Now in China, there are278 private (Minban in Chinese) colleges and universities which have already beencertified by the Ministry of Education, with 994 more institutions which are ready forcertification, and 318 independent colleges that have some kind of affiliation with public universities. Now, China has 3901 higher learning institutions with a gross enrollmentrate of 22%. The total number of students is 23 million, making the higher educationsystem one of the largest in the world.
The stark reality is what follows after the Undergraduate Degree in the USA.
The advanced degrees in the USA were about 8.9%. In 2010, it was 10.5%. That is an increase of 1.6 percent. When one compares where the USA is to China we are definitely behind in education of our citizens.
This is the real shocker. From a USA historical perspective we have really fallen off our performance levels.To the right are Bachelor and advanced degrees. Below are Bachelor degrees.
Where these statistics get a little too odd is to relieve that a Bachelor's degree in 1990 does not get the same pay grade as in 2013.
This is the report where these graphs and statistics are found (click here) "120 years of American Education: A statistical portrait."
They not only don't get the same pay grade, they are more expensive to achieve.
I have to agree there is a lot wrong. It was "Apple" that once stated it would be difficult to bring manufacturing to the USA because we lacked enough engineers for their needs.
These Senators are correct. We need to look at all the parameters effecting the future of the USA. There are programs like that of NASA to reach into deep space. The USA has to have the brain trust to carry those programs to completion.
Additionally, the idea expensive education will result in the kind of brain trust we need is wrong. The PhD grads in China don't pay a dime. The Congress needs to do something. The rich keep getting richer and the poor keep getting poorer in the USA. It is all backwards and we have to stop wagering our children's futures.
