I hope none of this comes off as rude, but I have a very different perspective.
I think the ratio of the investment to most incomes is enough that it responsibility requires looking at the subscription as a financial investment. (except nepo babies but I’m rounding off the 1%)
Under that lense, its concerning how parallel some educational institutions run to MLM schemes. Like you could nearly word for word write your comment under a Facebook Omnilife® group, just swap college for Omnilife®.
They puts a lot of focus on an individuals ‘worth’ and how the experience will elavate only the worthy to financial security.
They both have to put a lot of PR effort distancing themselves from responsibility, cause inevitability some percentage of people were coerced into making an irresponsible investment and regret it (hell humans are so susceptible to this that pyramid schemes were illegal before asbestos and lead paint).
The stark contrast that entire risk of the investment is carried by the student/employee, yet the quality of education is guided by the institutions financial preferences is ripe for abuse. I’d argue its even a larger threat in postsecondary institutions than MLMs because of their cultural significance.
And like I said this can easily be a life changing amount of money, especially that early on in someone’s life that even irresponsibly investing could have better returns. Honestly its almost guaranteed cause this job market is identical to MLMs profit margins.
Chronographs@lemmy.zip 7 hours ago
It kind of has to be an investment though if you’re going to be paying it off for the next 10 years, there’s lots of ways to learn things if you don’t need a piece of paper proving that you did.
AskewLord@piefed.social 6 hours ago
It does not have to be an investment. Plenty of people go to college for free.
The only people who freak out about it being in investment are those who have to pay full freight, and those folks already have money and huge advantages in life, even if they personally don’t feel that way about their life.
Nobody at my school cried harder than the kids who had no loans and were so angry their parents had to ‘sell stock’, and they were especially bitter at people who got free rides or financial aid, whose families had like 1/10 of their parents wealth.