SCOTUS kills Biden's student loan/debt relief plan...

Some of the worst nurses i’ve ever worked with were BSN.
They didn’t know the business end of a needle, great at writing papers and “theory”

 

I think you have it wrong. The market is reacting to the status symbol, college. College is a efficient way to screen prospective employees due ubiquity of college degrees and people with college degrees are perceived as intellectually superior to people who don't have them. But there are other, and vastly cheaper, ways of screening ways prospective employees, such as standardized tests. And it doesn't have to be one or the other.

 

It really is irrelevant if there are other ways to screen employees. The market values the credential. Colleges are giving the market what it wants. If the market didn't value the credential, young people wouldn't pursue it.

 

It isn't irrelevent in the long term. The market doesn't exist in a vaccuum.The market values what people have been accustomed to valuing. College is used demarcate the intellectual class from the worker class. And that line, fortunately, is blurring. The tech industry, which, by nature, has been on the front lines of efficiency (e.g., telework), has also been on the front lines of employing skilled, knowledge based, workers without a four degree. My friend earns around 150 K doing cyber security. In lieu of a degree, he has passed a series of certifications. And he did so with about a year of coursework. I don't think it should ever be all or nothing. But I expect, hope, this trend will continue, with future workers getting the training they need rather than some bloated, prepackaged, vanity degree, that has outlived its relevance.

 

Point to the part of the doll where the college admissions officer touched you.

 

The most recent 5-4 really mocked Missouri's "MOHELA" standing argument, detailed here - Missouri student loan provider baffled by inclusion in supreme court debt relief challenge

The Missouri Higher Education Loan Authority – or Mohela – is at the center of the challenge by the GOP-led states, claiming the loan service provider would lose revenue and face negative impacts over its financial obligations to Missouri. Consumer advocates, meanwhile, have pointed out that Mohela stands to gain revenue from Biden’s cancellation plan.

They analogized this argument for Missouri's standing as saying that you should be able to intervene in your buddy's divorce if he owes you money on the supposition that now it will be harder for him to pay you back.

It really is an absurd standing argument.

 

It is an absurd argument completely unsupported by the actual facts. But nothing will get in the way of the Republicans doing what they want, just look at West Virginia v. EPA.
The Lie at the Heart of the States’ Case Against Student Debt Relief

 

The are just so dishonest

 

I don't remember the details but PT moved to a doctorate in part due to billing. Apparently the reimbursement rates from insurances have not improved with the increased education however so what you have now is a degree requirement that does not pay anymore even given the increased education.

I mentioned to my wife that PT needs an advocate board and she said there was one. The problems with pay are known but the industry is reluctant to change. Her company has had seven....yes seven PTs turn down job offers in one particular clinic because of the pay offered yet management acts like they don't know why there is such a shortage in their central florida region....

My wife regrets it now because although she can be utilized for Neuro, Ortho, wheelchair evaluations, pool therapies etc she makes much less than many PAs because the earning potential is limited.

 

25 years ago some PTs were making 60-80k, I worked in a small hospital that had a rehab. They couldn’t find them, plus medicare reimbursement was crazy. They would get like $100 just for getting the patients up to walk 50 feet. Then medicare got wise and cut the reimbursement. Wages came down.

PAs can actually bill for services along the lines of MD’s, 15% less than MD coverage. (at least it was), I don’t do fee for service anymore so not paying attention to it.
With that said the revenue generated by PAs can be giant compared to the pay and it has gone up greatly.
My last full time year in the ER my billable were about 1.5 million, my pay? About 12% of that.

 

Corporations used to use aptitude tests to screen candidates for positions that don’t necessarily require a college education. Then the courts ruled that these aptitude tests were racist, and so corporations had to come up with another means of screening candidates. They chose college degrees because it does show a certain amount of intelligence to get through and graduate.

 

Well.

Biden administration announces $39 billion in student debt relief following administrative fixes | CNN Politics


CNN —
The Biden administration announced Friday that 804,000 borrowers will have their student debtwiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.

“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” Education Secretary Miguel Cardona said in a written statement.

There are currently several different kinds of income-driven repayment plans for borrowers with federal student loans, which base payments on a borrower’s income and family size – regardless of their total outstanding debt. After reaching a set forgiveness threshold of 20 or 25 years, a borrower’s remaining balance is then wiped.