Showing posts with label student loan debt. Show all posts
Showing posts with label student loan debt. Show all posts

The other economic crisis...

..so panic on Wall Street with lenders and such made me think about my student loan debt which is a topic I've managed to largely wall off into some back part of my brain. I go through the usual routines to keep the monster in check, but it's always there lurking because I just can't deal with it. But sometimes it gets out, and when it does, it's frightening.

A quick run through of my payment schedule is pretty depressing. If I could afford it, to pay my loans off in 30 years will run me roughly 1/4 of my salary each year (based on what my salary is currently). Of course, I can't afford that, so I'm paying less which means it'll slowly grow.

All of this had made me contemplate other options for trying to make a dent in it. This is, in part, why I've thought about trying to leap out of academia. But I also took a look at Sallie Mae's deal with UPromise, and I've signed up for it. I'm also considering begging all of my friends and family to join it, in a move that makes me feel just a little dirty. But I'm curious, has anyone else used the service? Any thoughts on it?

RBOC: Oh What a World Edition

  • Cookies by mail? Holy god, so good. Girl Scouts, you're on notice.
  • Last week of the term (not counting finals, of course). Now if only one more person would sign up for my summer course. They could drop at the end of the first day. That'd be alright.
  • I must be getting old because I found myself mentally trying to marry two of my favorite students to each other. I can only attribute this to age.
  • Two departmental events left to get through.
  • I'm considering changing my insurance company because their commercials are that annoying.
  • What do you think it would take to get Oprah to pay off my student loans? Hell, I'd let Flava Flav help, even if it meant hearing him shout his name for three hours straight.
  • Did I mention cookies in the mail? Swoooooooooooooooooooon. Seriously.

And now, back to our program...

Thanks to A. of Pop Tart fame, a few more tales of academic woe: professors unable to make it on their salaries. Not a new theme here - in fact, it's the theme that got us going - but the cases here are particularly distressing to hear about because they do a better job of giving real numbers.

It's interesting, sad and frightening to hear that average wages for professors have only come up .25% - yeah, you're reading that right - over the last 20 years when inflation is accounted for. There are very few careers that can match (and obviously, people in those careers should be glad they don't) that atrocious number. What the article doesn't discuss as it offers these tales is what the average cost of education is. According to the National Center for Education Statistics, the average student at a publicly funded school has $13,000 per year to cover for school attendance (note that doesn't include actual living expenses), which means just educational costs for someone getting a 4 year Bachelor's, a 2 year masters, and a 4 year Ph.D. would run $130,000 before they paid for food, rent, etc. The other interesting point in those stories is the number of times people were able to go to their families for help. I do wonder what happens to those students who don't have parents who can give them $100,000?

I've not gone so far as to work a second job, though I've considered it (teaching a 4/4, I'm not sure how it would work), I've not done it. And one thing I have decided is that if I can't find a job that puts me in a better position, then it won't be long before I have to leave this career behind.

Education on the clock...

I'd never thought about it before reading this article from the New York Times, but education in America serves, as much as anything, as a sort of calendar marking time. I didn't think about it when, as an undergrad, I mentioned to my interim advisor that I didn't have a plan for my electives - at least not a plan that he'd agree involved any forethought. Instead, I told him, I was going to take the courses that sounded interesting. This was clearly a foolish, wasteful idea in his eyes: the sign of a student set to drift along through college and probably not even make it out.

Why did I do it? In high school, I'd been assured by guidance counselors, by well-meaning teachers, even by friends with the same concerns that college was to be different from high school: we'd all get to do what we were interested in, not what the state or school board or our parents told us we needed. No more Calculus if I didn't want it, no more Government and Economics. College was about my desires. And though college wasn't the land of milk, honey and free academic choices I'd been promised it wasn't so far from it either. And so, I spent electives on things like World Literature courses, a First Amendment law course, a Jazz history course, even a feminist theory course (not because I thought I'd meet chicks there, either). When it was time to graduate, my school only allowed you to have one minor. But I'd jumped around enough without ever abandoning my major to have had five.

A lot of the same thought drives my views on education today. I'm happier because I got to explore. I even wound up taking more of those pesky Government and Economics courses than my high school career (largely spent drawing pictures of my Econ teacher in various embarrassing costumes) would have suggested. Along the way, I learned not just about cultural anthropology, not just about media history, or even about the practice of experimental psychology but also about smart decision making, about how differently people I thought I understood viewed the world, and even a bit about where I needed to be in the world. It was, as college is often assumed to be, my first real taste of freedom.

But it also took me five years and a summer session to graduate, and today I've got the student loan debt that reflects that particular desire. Even looking at that debt didn't spur me to this new thought: education is a form of Taylorism (if you're not sure what that means, see the definition offered here). What my first advisor had been trying to tell me was that taking longer than four years in college intentionally was a waste of time. It was unproductive.

What that article made me think about was a sort of cultural norm about when we become adults and what it means to be an adult in this society (look: a term from my cultural anthropology course!). At the end of high school, we assume people become adults: they're ready to make decisions, to serve their country, to pay taxes, etc, etc. But most importantly, they're ready to contribute in the most basic way: by getting a job. And if you're not ready to get a job, then the only excuse is to go to college. Why? So that when you're done, you can get a better job (huh - that course in sociological theory doesn't seem so crazy now...).

These are assumptions, of course (okay, so that logic course did pay some dividends). And perhaps unfortunately, we've normalized them - we've made rules based on those assumptions. And the modern academic system is built around them - it even penalizes "bad" decision making. A college education is assumed to take four years. If it takes more, you can find your access to financial aid diminished, you're guaranteed to have to answer in interviews why it took you so long to get out, and you may even take a hit to your reputation with friends and family ("Oh, you know he just drifted about awhile. I always thought he had more direction...").

But what if, as the New York Times article suggests about high school, a longer time spent in college might offer a different set of benefits than simple productivity?

Just a few days ago, I was in advising a student, and I found myself making the assumption for them that they need to be done in four years. And the student, not surprisingly for someone just entering college after years of having older authorities pass down unexplained proclamations, accepted it. Maybe I should have asked what she wanted to get out of her college career? Was she in it for a job? Or was their something more? And if she answered that she wanted something more than the quickest route to a slightly better job, how would the system have to work differently?

As I prepare for the first week of classes, I think I may have just hit on the first essay for my freshmen. I'll let you know how they answer.

No more teachers' dirty looks?

I'm thinking about quitting my job.

This morning one of my students confided in me. She said, fumbling for words, that she's wrestling with the things most of us wrestle with - family issues, big questions of life, how to balance desire and duty. Her monsters were, to be fair, bigger than most. On her arms are the scars of someone who's cut themselves or been cut in the distant past. She's witnessed things no one should, and she's coming out the other side. Facing the end of her time at a university must feel like - as it did for so many of us - looking down into a big blackness we never before imagined.

Like most of my students - honestly, like most students (myself included) - she isn't particularly brilliant. But she is amazingly talented, and it is her work ethic that sets her apart and that will push her on to brilliant things. And I do believe - and I told her so - that she will go on to those brilliant things. I told her that some selfishness is warranted - sometimes you have to do what's best for you so later you can do what's best for someone else. I told her that I'd juggled the same questions about whether to even get an advanced degree or to simply find some quiet middle management job so I could tend to the calamities of my own family. Maybe it helped.

This isn't why I'm thinking about quitting my job.

I tell you this story because it is moments like this that are the best part of my job: not when a student is struggling, not when I can tell them that they're going to be amazing. It is the moment where a connection is made that makes this job worthwhile. Teaching is a bit like standing at the crossroads and hoping a car will pass your way at just the right speed to see you waving. It isn't about making the car stop, though sometimes it does. It isn't about making the car change directions though that happens sometimes, too. Most days, teaching is just about helping someone to notice the things outside of their own car.

Seen from that perspective, which sounds pretty good I think, it might be hard to see why I'm thinking about quitting my job. So why then?

Here's the story. I'm 35 years old. I'm going into my fourth year of teaching at a small university somewhere in America. I get to discuss big ideas and controversial notions on an almost daily basis. I get to ask questions, and watch people go past that crossroads, stop, look around, check the map, change directions and change themselves on a regular if not daily basis. There are worse lives to lead.

But I'm 35 years old. I'm looking for a roommate because I can't afford my bills let alone the loans it took to get the education to get the job that allows me to do these things. The job pays, as many university teaching jobs do, just a little more than I might make as a middle manager at a call center or a small bank. Each Christmas as my students depart, I spend my first day of vacation balancing my checkbook to decide whether I can spare the few hundred dollars it would cost me to go see my own family. I've spent the last two holidays in my ramshackle bachelor apartment with my dog, re-reading old favorites and assuring my aging parents that I'll be home next year, I promise. Sometimes we open presents over the phone. Sometimes there aren't any because it doesn't seem right if I can't get them much that they should get me something.

Now I haven't said I'm a particularly good teacher. That a student confided in me at the beginning of this entry doesn't tell you much, really. But the thing is, I'm not alone. I know more than a few people in the same job with the same problem. And at least one of us is bound to be good in the classroom even if I'm not. And more than a few of them are having similar thoughts.

It makes me wonder if any one is thinking about whether the idea that you get what you pay for might apply to education.