Share This

Showing posts with label Higher education bubble. Show all posts
Showing posts with label Higher education bubble. Show all posts

Tuesday 18 June 2013

Beware of Malaysian Chinese school leavers being lured into dubious degree and diploma programs !


“我万万没想到这件事竟然发生在自己身上。我只能说,这是一种社会经验。”

如果您现在对前途很迷惑、很模糊,我真诚真诚真诚的希望刚毕业的您能看完我写的东西。在2009年还未考SPM之前,我校的一位华文老师突然接获一 位女子送来的几张表格,因为老师说那位女子自己本身也曾经历一段困难的事,所以现在要提供奖学金帮助即将要毕业的贫穷学生,以做慈善。当时,也有很多学生 向老师拿那表格,我来自家境中等的也拿了那张表格。表格内没注明她的来历、名字或公司,只是叫学生…

Watch YouTube Video:
http://www.youtube.com/watch?v=GlhhHfsLg6c

Lowyat forum:
https://forum.lowyat.net/topic/1959139/all
Quote:
"I have a question here. Are u opening some sort of tuition center like Super Tution Centre? There are a lot in Malaysia now, with poor quality teachers that just passed out from secondary school, and take some sort of stupid lousy diploma or degree in business management from some lousy uni shakehead.gif , claimed themselves as full A’s and degree holder qualify and quality teacher, by falsification and alter the SPM result shocking.gif ."

Limpek话超级

1) https://www.facebook.com/media/set/?set=a.241809299284767.60469.100003670965231&type=1
2) http://shanayxw.blogspot.com/2010/04/super-tuition-centre.html
3) http://pusatsuper.blogspot.com/2010/06/xu-shen.html
4) http://pusatsuper.blogspot.com/2010/04/blog-post_2293.html
5) http://pusatsuper.blogspot.com/2010/04/blog-post_6605.html
6) http://pusatsuper.blogspot.com/2010/04/blog-post_17.html
7) http://pusatsuper.blogspot.com/2010/04/blog-post_4251.html
8) http://pusatsuper.blogspot.com/2010/04/blog-post_29.html
9) http://pusatsuper.blogspot.com/2010/06/supervisor-inspec-l-inspec-my-share.html
10) http://pusatsuper.blogspot.com/2010/04/british-business-schoolx.html
11) http://pusatsuper.blogspot.com/2010/06/blog-post_08.html
12) http://pusatsuper.blogspot.com/2010/04/blog-post_8135.html
13) https://www.facebook.com/photo.php?fbid=307355916063438&set=pb.100003670965231.-2207520000.1371776361.&type=3&theater

Related post/articles:




Tuesday 22 May 2012

Thiel's college dropout plan in bubble education

Thiel's college dropout plan scrutinized by '60 Minutes'

Investor and entrepreneur tells the CBS news magazine that a college degree is unnecessary for financial success, but critics call his program an elitist ploy. 


Billionaire investor Peter Thiel.

Peter Thiel's plan to pay college students to develop their promising concepts instead of attending to school is attracting students as well as critics.

Best known as a co-founder of PayPal, the Silicon Valley investor and entrepreneur has also made early-stage investments in companies such as Facebook, LinkedIn, and Yelp. Now he's investing in college students, awarding fellowships of $100,000 each to youth under 20 years old, essentially encouraging them to drop out of college to become entrepreneurs.

In an interview for tonight's "60 Minutes," Thiel tells Morley Safer that his program is a viable alternative to what he sees as a largely ineffective university system in which costs far outweigh benefits.

"We have a bubble in education, like we had a bubble in housing...everybody believed you had to have a house, they'd pay whatever it took," says Thiel. "Today, everybody believes that we need to go to college, and people will pay -- whatever it takes."

He also notes that a college degree is not necessary to land a high-paying job.

"There are all sorts of vocational careers that pay extremely well today, so the average plumber makes as much as the average doctor," Thiel tells Safer.

Critics call Thiel's plan an elitist ploy that only encourages others to drop out or not attend college at all.

"Peter Thiel has made so much money that he is out of touch with the real world," Vivek Wadhwa, an entrepreneur who teaches at Duke and Stanford, told Safer. "He doesn't understand how important education is for the masses."

"What I worry about is a message that's getting out there to America that it's okay to drop out of school, that you don't have to get college. Absolutely dead wrong."

"60 Minutes" airs at 7 p.m. PT/ET on CBS stations. Full segment embedded below.



Steven Musil
by
Steven Musil is the night news editor at CNET News. Before joining CNET News in 2000, Steven spent 10 years at various Bay Area newspapers.  

Newscribe : get free news in real time 

Related posts:

US student Loan Crisis, an Education Bubble? 

American mounting student loans a 'debt bomb' waiting to explode! Inside America’s Student Loan Bubble!

American Student Loan Debt: $1 Trillion and Counting

America, a "Generation of Sissies"

Tuesday 15 May 2012

US student Loan Crisis, an Education Bubble?



Peter J ReillyI started following the student loan crisis when I noted that student loans seemed to be neck and neck with health care as the primary grievances on the We Are The 99% site.  I was very lucky to get two pretty regular guest posters Alan Collinge and Tim Smith, who have written on the issue from different angles.  I was astonished to get a call from Sallie Mae asking me how they could get their side of the story onto Forbes.com.  At the risk of being prosecuted for impersonating a journalist, I did a brief interview with John Remondi, President and COO of Sallie Mae.  I’m still hoping for some guest posts from Sallie Mae, but nothing has come through yet.  Sunday, I heard from Tim Smith, who let me know that the New York Times was picking up on the issue with this piece.  I invited him to share his reaction.  Here it is.

The Education Bubble Won’t Create A Disaster, Right?

“Looking back, anyone could have predicted the housing bubble.”  This sentiment has been echoed many times, and graphs of the past housing bubble almost make it seem obvious before the bubble burst.  The education bubble?  While many acknowledge the soaring cost – especially those in the education fields – fewer agree that we’re about to see the education bubble pop and create a bigger mess than the housing bubble.  Education may have its critics, but it also has major defenders.

Student Loan Defaulter Calls For Solidarity
Why Does Congress Love Houses More Than Students?
New College Grads: Just Say No to More Debt!
Cheap Stafford Loans: A Wolf in Sheep's Clothing

However, the chorus seems to be changing.  Even the New York Times recently joined with an article that compared the education bubble to the housing bubble (this analogy has been used multiple times, but like the above graph shows, under predicts the mess that the education bubble will cause).  Even while other media players have finally seen this bubble, the warning signs were spelled out on this blog :

These warning signs would be favorable laws toward discharging student loans in bankruptcy (making it more challenging for students to receive money for education); a societal zeitgeist toward education changing (for instance, businesses preferring certification or a degree from something similar to the Khan Academy over traditional colleges); a major recession coming back to the United States, taking away more employment (making it more difficult for student with loans to pay back their loans); students becoming discouraged by negative news toward education (causing many to drop out or to avoid college).
Of course, some readers might wonder if all four signs must appear for the education bubble to pop, and the answer is “No”.

Even though the education bubble has received attention, few expect the consequences to be bad.  In fact, the Times’ article mentions that economists don’t see the consequences being similar to the housing bubble – in other words, the education bubble pops, and everything is fine.  Consider the potential reality:

1.      High student loan balances discourage future and current demand for other products and services (consider the attitude, for instance, of Natalia Antonova, who faced a debt crisis with her student loans).  This subtracts money flow from the economy to provide jobs in other areas.  Even without the bubble popping, this is the current situation.
2.      If the demand for education drops, the consequences will affect those in the education system – schools will need fewer professors, advisors and others in the education field.  This will create a terrible job hunting situation, where graduates will be placed against high-credentialed people (some of whom may have been their professors).  Remember that in order to keep these people employed, the demand for education must remain the same or rise.
3.      If the demand for education declines, the demand for educational products will decline also – textbooks, construction, and many of the expenditures that some colleges think are necessary to provide a good education.  This drop in demand will cause business, which sell products and services to educational institutions, to cut back on their staff to offset their losses.
There is one way in which economists might be right – if wages began to soar.  Like the housing bubble, Americans felt the mess because the decline in housing prices meant that debt was owed on something that had little value.  If education continues to rise, while wages stagnate or slowly rise, a college degree will be like a home, which has lost its value.  If wages soar, however, a college degree will still mean the path to prosperity.

Tim Smith blogs on the “Echo Boom”, also known as Generation Y (Americans born between 1980 – 1995). Tim has previously appeared here discussing his generation’s attitude towards homeownership and education.

I’m beginning to think that the “bubble” metaphor may not work that well for education.  In the case of the stock market and real estate people own assets that they think they can sell at any time for some minimum price.  Then something happens and everybody heads for the door at once.  At that point the seeds of the next bubble are sown, because the assets have some level of intrinsic value and somebody will buy them for something and may get rich on the next turn of the wheel.  Educational credentials, on the other hand, are not at all fungible.  They can only be cash flowed, not liquidated.  If they are not used when fairly fresh, their value erodes rather quickly.  The actual economic value of the credential will often be quickly replaced by the experience which the credential enables.  

By Peter J Reilly, Forbes Contributor Newscribe : get free news in real time


Related posts:
American mounting student loans a 'debt bomb' waiting to explode! Inside America’s Student Loan Bubble!
American Student Loan Debt: $1 Trillion and Counting
America, a "Generation of Sissies"
A "great haircut" for U.S. growth