- 19 Jun 2021 16:18
#15177397
The student loan crisis is an unintended consequence of a good intentions program. Once a ton of money was placed in the hands of students the tuition rates went thru the roof. There was also a proliferation of meaningless mayors to attract borderline (non-college material) students. Many graduated with a meaningless degree and no ability to find a job and pay the loan. Others dropped out but still have to pay the loan. This cluster of faaq is another unintended consequence of a program that had good intentions. Meanwhile in Japan and Germany non-college bound students get vocational training at a cheaper cost.
Throwing more money at the issue will solve nothing. Kansas City spend up to 40,000 USD per student in the 1990s . Inflation adjusted that is the equivalent of spending 70,000 USD per student. They had zero improvement in scholastic achievement. There is a need to rebuild a strong family unit with two parents and an emphasis on education.
Nigerians are the best educated people in the USA. All we need to do is copy what they do.
In the US, Nigerians are the most highly educated of all groups, with 61 per cent holding at least a bachelors degree compared with 31 per cent of the total foreign-born population and 32 per cent of the US-born population, according to 2017 data from the Migration Policy Institute.
More than half of Nigerian immigrants (54 per cent) were most likely to occupy management positions, compared with 32 per cent of the total foreign-born population and 39 per cent of the US-born population.
Similar Nigerian success is reflected in the UK, where many in a highly-educated diaspora work in financial services, IT, and the legal and medical professions. What drives Nigerians and the diaspora, and can future generations continue their success?
A strong desire to succeed in life, enabled by education, is also a common theme in Nigerian homes. In 2016, the continent’s most populous nation sent the largest number of African students abroad — 95,000 — and ranked fifth in the world in terms of overall number of students in foreign study; the UK and US were among their top destinations for Nigerian students, according to figures from Unesco.
“Education is an essential part of our culture,” says Emeka Okaro, a consultant obstetrician and lead clinician for benign gynaecology at St Bartholomew’s and Royal London Hospital, who was born in Moscow to Nigerian-born parents and now lives in London. “[When] I went to school, we were encouraged to excel. Parents expected it of us.”
His wife Joy Odili, a consultant plastic and reconstructive surgeon at St George's Hospital, adds: “As a people we are very proud and we like to do well. I had a parent who absolutely believed I could be anything I wanted, therefore I grew up [believing] there was no obstacle to whatever I wanted to achieve.”
Where others might see chaos, Nigerians see opportunity
Resilience is another big part of the Nigerian identity.
https://www.ft.com/content/ca39b445-442 ... 5dae5f3460
late wrote:What we do now is terrible, thanks largely to Republicans.
My top priority would be to kill things like denying kids the ability to declare bankruptcy over college debt. That's insane, a sadistic throwback to the age of debtors prisons.
The student loan crisis is an unintended consequence of a good intentions program. Once a ton of money was placed in the hands of students the tuition rates went thru the roof. There was also a proliferation of meaningless mayors to attract borderline (non-college material) students. Many graduated with a meaningless degree and no ability to find a job and pay the loan. Others dropped out but still have to pay the loan. This cluster of faaq is another unintended consequence of a program that had good intentions. Meanwhile in Japan and Germany non-college bound students get vocational training at a cheaper cost.
It always comes down to money, most of the time, anyway. If we don't massively increase support for kids going to school, it makes sense to put the money where it will do the most good: STEM.
Throwing more money at the issue will solve nothing. Kansas City spend up to 40,000 USD per student in the 1990s . Inflation adjusted that is the equivalent of spending 70,000 USD per student. They had zero improvement in scholastic achievement. There is a need to rebuild a strong family unit with two parents and an emphasis on education.
Nigerians are the best educated people in the USA. All we need to do is copy what they do.
In the US, Nigerians are the most highly educated of all groups, with 61 per cent holding at least a bachelors degree compared with 31 per cent of the total foreign-born population and 32 per cent of the US-born population, according to 2017 data from the Migration Policy Institute.
More than half of Nigerian immigrants (54 per cent) were most likely to occupy management positions, compared with 32 per cent of the total foreign-born population and 39 per cent of the US-born population.
Similar Nigerian success is reflected in the UK, where many in a highly-educated diaspora work in financial services, IT, and the legal and medical professions. What drives Nigerians and the diaspora, and can future generations continue their success?
A strong desire to succeed in life, enabled by education, is also a common theme in Nigerian homes. In 2016, the continent’s most populous nation sent the largest number of African students abroad — 95,000 — and ranked fifth in the world in terms of overall number of students in foreign study; the UK and US were among their top destinations for Nigerian students, according to figures from Unesco.
“Education is an essential part of our culture,” says Emeka Okaro, a consultant obstetrician and lead clinician for benign gynaecology at St Bartholomew’s and Royal London Hospital, who was born in Moscow to Nigerian-born parents and now lives in London. “[When] I went to school, we were encouraged to excel. Parents expected it of us.”
His wife Joy Odili, a consultant plastic and reconstructive surgeon at St George's Hospital, adds: “As a people we are very proud and we like to do well. I had a parent who absolutely believed I could be anything I wanted, therefore I grew up [believing] there was no obstacle to whatever I wanted to achieve.”
Where others might see chaos, Nigerians see opportunity
Resilience is another big part of the Nigerian identity.
https://www.ft.com/content/ca39b445-442 ... 5dae5f3460
Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.
Adam Smith
Adam Smith