PhD in History...to food stamps

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  • The_Tick
    Made something of myself
    • Nov 2008
    • 7281

    #1

    PhD in History...to food stamps

    After the recession took hold in 2007, the rate of PhD holders who've filed for government assistance more than tripled to 33,655 by 2010.


    Yikes.
  • Color Me Badd Fan
    Senior Member
    • Jan 2009
    • 12519

    #2
    There's a story linked in there that features a woman with a Phd in medieval history and she also has some very large tattoos on her forearms. I'm shocked she's having a difficult time landing a gig.

    The education bubble is beginning to burst. To be clear, engineering, math, accounting, statistics, etc. -- all great majors. Medieval history, not so great.
    Part of it is based on academic grounds. Among major conferences, the Pac-10 is the best academically, largely because of Stanford, Cal and UCLA. “Colorado is on a par with Oregon,” he said. “Utah isn’t even in the picture.”

    Comment

    • Indy Coug
      Heartless Bastard
      • Dec 2008
      • 18747

      #3
      Here's the key quote:

      "While I was accepted to a few programs, shelling out $80-$120k in extra student loans for a $5k annual difference in pay wasn’t worth it for me," she said. "I also had to consider the years I would spend in school (4-7) and the lost opportunity for full time income during that time as well as the harsh reality that the increase in salary and total amount paid in student loans isn’t worth the “prestige” of having a doctorate."
      Everything in life is an approximation.

      http://twitter.com/CougarStats

      Comment

      • San Juan Sun
        Kicked to the curb
        • Dec 2009
        • 9214

        #4
        Originally posted by Indy Coug View Post
        Here's the key quote:
        What is the "prestige" about having a doctorate all about? Do people ask for your autograph at the grocery store?
        "Sure, I fought. I had to fight all my life just to survive. They were all against me. Tried every dirty trick to cut me down, but I beat the bastards and left them in the ditch."

        - Ty Cobb

        Comment

        • Coach McGuirk
          1
          • Nov 2008
          • 12109

          #5
          Originally posted by San Juan Sun View Post
          What is the "prestige" about having a doctorate all about? Do people ask for your autograph at the grocery store?
          [YOUTUBE]9Lge2_H_8IQ[/YOUTUBE]

          Comment

          • Color Me Badd Fan
            Senior Member
            • Jan 2009
            • 12519

            #6
            I talked to a guy a couple weeks ago who is in some seriously dire financial straits. He has an MBA but IIRC it was from some place like University of Phoenix. He has some crushing student debt. His job as a financial planner didn't work out.

            He's compounding the problem by doing some online program for, I think, a Phd in business and he plans on teaching. Maybe I heard it wrong, but I was shocked that someone could get a PHd on line. I told him to look into what kind of money he would make once he gets that piece of paper from the online "school" and consider whether it's worth it to take out the additional debt.

            The problem as I see it is twofold:

            1) There are too many schools and too many degrees floating around out there. Many of these degrees aren't worth a damn -- yet the debt associated with it is nondischargeable. Either make the loans dischargeable in bankruptcy and introduce more market forces into the mix (i.e. protect people from themselves by making the lenders bear more risk thus making it more difficult to obtain loans), or there needs to be a massive reform where there will only be federal loan subsidies for certain schools and even certain areas of study.

            2) In the past, people could get past unfortunate and ill-informed decisions to obtain worthless higher degrees through a more dynamic job market. They could find something else to do, make good money at it and alter their courses. But the job market is garbage right now so it seems these people are more apt to cling to the original plan which for right now means making a pittance at a bunch of community colleges.
            Last edited by Color Me Badd Fan; 05-10-2012, 03:18 PM.
            Part of it is based on academic grounds. Among major conferences, the Pac-10 is the best academically, largely because of Stanford, Cal and UCLA. “Colorado is on a par with Oregon,” he said. “Utah isn’t even in the picture.”

            Comment

            • wuapinmon
              Soul Plumber
              • Dec 2008
              • 30711

              #7
              Originally posted by San Juan Sun View Post
              What is the "prestige" about having a doctorate all about? Do people ask for your autograph at the grocery store?
              If you need your gas turned on....
              "Wuap's "problem" is that he is smart & principled & committed to a moral course of action. His actions are supposed to reflect his ethical code.
              The rest of us rarely bother to think about our actions." --Solon

              Comment

              • UtahDan
                *
                • Nov 2008
                • 14496

                #8
                Originally posted by San Juan Sun View Post
                What is the "prestige" about having a doctorate all about? Do people ask for your autograph at the grocery store?

                Comment

                • pellegrino
                  miserere me
                  • Jan 2009
                  • 12100

                  #9
                  Originally posted by Coach McGuirk View Post
                  [YOUTUBE]9Lge2_H_8IQ[/YOUTUBE]
                  I use that with my good friends and some colleagues all the time. Sometimes I wonder if they get it.
                  Dio perdona tante cose per un’opera di misericordia
                  God forgives many things for an act of mercy
                  Alessandro Manzoni

                  Knock it off. This board has enough problems without a dose of middle-age lechery.

                  pelagius

                  Comment

                  • pellegrino
                    miserere me
                    • Jan 2009
                    • 12100

                    #10
                    seriously though, any graduate student in the humanities or the social sciences who has to pay their tuition and fees is either at the wrong school or shouldn't be in the program to begin with. Most schools have a slave labor contract with these whereby they are funded (tuition, fees and insurance paid for along with a small stipend) in exchange for teaching courses. Anyone who attends graduate school without some sort of fellowship or agreement for a teaching assistantship is crazy to take on debt for a degree that presents you with so few options for a career path and such low wages.
                    Dio perdona tante cose per un’opera di misericordia
                    God forgives many things for an act of mercy
                    Alessandro Manzoni

                    Knock it off. This board has enough problems without a dose of middle-age lechery.

                    pelagius

                    Comment

                    • BigPiney
                      Huge Member
                      • Nov 2008
                      • 12357

                      #11
                      Originally posted by pellegrino View Post
                      seriously though, any graduate student in the humanities or the social sciences who has to pay their tuition and fees is either at the wrong school or shouldn't be in the program to begin with. Most schools have a slave labor contract with these whereby they are funded (tuition, fees and insurance paid for along with a small stipend) in exchange for teaching courses. Anyone who attends graduate school without some sort of fellowship or agreement for a teaching assistantship is crazy to take on debt for a degree that presents you with so few options for a career path and such low wages.
                      This is what I did. When I was considering which school to attend, I looked at how much they were offering me and how much I would be required to teach, or what research I could eventually get myself into. I ended up with Oregon State, because the focus of the college and the opportunites were more in line what I wanted to do - resource geography and remote sensing. Utah offered me more money (along with full tuition, which they all did), but I told them to suck it.

                      Cost to attend grad school - zero.

                      Comment

                      • Indy Coug
                        Heartless Bastard
                        • Dec 2008
                        • 18747

                        #12
                        Originally posted by BigPiney View Post
                        Utah offered me more money (along with full tuition, which they all did), but I told them to suck it.


                        Everything in life is an approximation.

                        http://twitter.com/CougarStats

                        Comment

                        • FMCoug
                          Senior Member
                          • Nov 2008
                          • 6825

                          #13
                          Originally posted by BigPiney View Post
                          Utah offered me more money (along with full tuition, which they all did), but I told them to suck it.
                          I hope this is literally true. Do you happen to have a copy of the "suck it" letter you sent them you could post here?
                          "It's true that everything happens for a reason. Just remember that sometimes that reason is that you did something really, really, stupid."

                          Comment

                          • mUUser
                            Giggity
                            • Jul 2009
                            • 1142

                            #14
                            Originally posted by San Juan Sun View Post
                            What is the "prestige" about having a doctorate all about? Do people ask for your autograph at the grocery store?

                            Prestige for a Ph.D? Zip.

                            Get back to me when they can hit a curve ball 450 feet.

                            Comment

                            • Utah ma'am am I
                              Junior Member
                              • Jan 2012
                              • 69

                              #15
                              Originally posted by San Juan Sun View Post
                              What is the "prestige" about having a doctorate all about? Do people ask for your autograph at the grocery store?
                              My Dad has always believed that people with a PhD are good people but the only purpose they really serve is to teach others how to become a PhD.

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