South African categorization of Cultural and Creative Industries ………….
Remember the housing meltdown?
The formula for the housing boom and bust was simple. That money was then spent on homes with the expectation that the price of the home would go up and it could easily be flipped or refinanced at a profit.
As long as prices kept on going up, everyone was happy.
And prices kept on going up. And as long as pricing kept on going up real estate agents kept on selling homes and finding money for buyers. Until the easy money stopped. First sales slowed, then prices started falling and then the housing bubble burst.
We know the rest of the story. We are still mired in the consequences. Can someone please explain to me how what is happening in higher education is any different? Its far too easy to borrow money for college. Did you know that there is more outstanding debt for student loans than there is for Auto Loans or Credit Card loans?
The 37mm holders of student loans have more debt than the mm or so credit card owners in this country and more than the all of the debt on cars in this country. While the average student loan debt is about 23k. We freak out about the Trillions of dollars in debt our country faces.
The point of the numbers is that getting a student loan is easy. You know who knows that the money is easy better than anyone? The schools that are taking that student loan money in tuition.
Which is exactly why they have no problems raising costs for tuition each and every year. Raise prices and easy money will be there to pay your price. Right now there is a never ending supply of buyers. Its the collegiate equivalent of flipping houses.
In fact they will realize that college may be the option for fun and entertainment, but not for education. Prices for traditional higher education will skyrocket so high over the next several years that potential students will start to make their way to non accredited institutions.
As an employer I want the best prepared and qualified employees. I could care less if the source of their education was accredited by a bunch of old men and women who think they know what is best for the world.
I want people who can do the job. I want the best and brightest. Not a piece of paper. The competition from new forms of education is starting to appear. Particularly in the tech world. Online and physical classrooms are popping up everywhere.
They respond to needs in the market. THey work with local businesses to tailor the education to corporate needs. In essence assuring those who excel that they will get a job. All for far far less money than traditional schools.
The number of people being prepared for the work world in these educational environments is exploding.
You would think traditional university educators would take notice. Its the ultimate Innovators Dilemma. Until its too late. If it means saddling an entire generation with obscene amounts of school debt, they could care less.
This is how they get their long term contracts and raises. Like the real estate industry, prices will rise until the market revolts.Training And Development Of A Secretary – Problems In A Depressed Economy: A Case Study Of Institute Of Management And Technology (I.M.T.) Enugu.
FOREWORD BY THE MINISTER Revised White Paper on Arts, Culture and Heritage Final Version (October ) 8 | P a g e INTRODUCTION BY THE DEPUTY MINISTER.
News. Context. The Minister of State for Health and Family Welfare has released an Analytical Report of the National Health Profile prepared by the Central Bureau of Health Intelligence (CBHI). thoughts on “ The Coming Meltdown in College Education & Why The Economy Won’t Get Better Any Time Soon ” Pingback: Noted NBA Owner Blasts College Loans | The College Bubble Well done article.
There are so many aspects I’d like to respond to 1. The Student Loan take over by government (nationalization) was a bailout of sorts already. The Office of Public Affairs (OPA) is the single point of contact for all inquiries about the Central Intelligence Agency (CIA).
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Quarterly Sector Accounts (Financial and Non-financial) Non-financial accounts by economic sector. Non-financial accounts by economic sector (Tables , ).