By Anthony Dynar

In 2015 I attended a for profit college/education company, Corinthian College Inc. to get my Associates Degree majoring in the American Bar Association (ABA) approved paralegal program. Unbeknownst to me the company was facing multiple state and federal investigations that ultimately lead to “…what is known as the Gainful Employment mandate, which cuts off loans to colleges if their graduates do not earn enough money to pay off their student debt” (https://www.nytimes.com/2017/06/14/business/student-loans-for-profit-schools-colleges.html).

According to online research “[t]he Obama administration introduced the current borrower defense rules in 2016 after the collapse of the for-profit Corinthian Colleges Inc.” (https://www.usnews.com/education/blogs/student-loan-ranger/articles/2018-09-19/what-the-proposed-borrower-defense-rules-mean-for-student-loans). The purpose of these regulations was intended to protect students, who borrowed federally funded student loans, from predatory practices from colleges whose graduates had unbelievable debt-to-income ratios. It is common knowledge that if you’re overwhelmed by debt bankruptcy is usually an option most of us think of. However, “Since Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, both federal and private student loans are more difficult to discharge in bankruptcy than other types of debt” (https://loans.usnews.com/the-truth-about-student-loan-bankruptcy-discharge).

Stuck in the middle were students, like me, whom started the long and expensive process to get a degree they were sold on, for example an American Bar Association approved program, that lost that accreditation sometime between enrollment and completion. These students were all still responsible for paying back a loan on a degree that is much less valuable, if at all, to potential employers.

Therefore, I felt even more passionate about pursuing trade schools. And I did just that, as I did back in 2004 to get my cosmetology license, but this time for my real estate license. Once I know a trade it is much easier for me to get employment. The only issue to remain for someone to make an honest living is to obtain the necessary license(s) to practice such a trade. Usually, the process to obtain a license is much cheaper, and much faster, than a two/four-year degree. “There is no hope without an education, got to be clear, you have to have some competency.  But the idea that the best path for the most people just happens to be the most expensive path, there’s just something fundamentally corrupt,” Rowe told the FOX Business Network’s Stuart Varney. “The cost of college has just gone through the roof, and yet, we still talk about it as if it is truly the best way for the most people, $1.3 trillion in student loans, it’s not a mystery” (https://www.foxbusiness.com/features/dirty-jobs-star-mike-rowe-not-everyone-should-go-to-college).

The idea that a piece of paper for me to get a good paying job is obsolete and not a practical one, anymore. Instead, the idea of creating value in what I do is far more industrious. My productiveness creates material value whether it is tangible goods or service(s), this results into is wealth, not a diploma/degree.

As a student how would you furthering your education? As an employer how would hire staff?  

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