Thread regarding University of Southern California layoffs

"C-apademia"​ and the Mis-overeducation of America

Adam Looney, a former Treasury official, expert on taxes and student loans, and now a senior fellow at Brookings recently described this US contagion tied to overeducation and overpricing. Looney remarked that

"It is an outrage that our lending programs encourage schools like USC to charge $107,484 (and students to blithely enroll) for a master’s degree in social work (220 percent more than the equivalent course at UCLA) in a field where the median wage is $47,980. It’s no wonder many borrowers feel their student loans led to economic catastrophe."

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This madness is still being promoted by the NY Fed.

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