Warm Southern Breeze

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Posts Tagged ‘Ivy League’

Is a college education ~really~ all it’s cracked up to be… anymore? Or, why has tuition increased 300% in 30 years?

Posted by Warm Southern Breeze on Tuesday, June 24, 2014

College costs expose the false meritocracy of the American dream

The cost of an education in America has risen so much that only the wealthy and indebted can attend. The system doesn’t work

Post by Chris Arnade Photography.

 Chris Arnade received his PhD in physics from Johns Hopkins University in 1992. He spent the next 20 years working as a trader on Wall Street. He left trading in 2012 to focus on photography. His "Faces of Addiction" series explores addiction in the south Bronx neighbourhood in New York City. Follow him on Twitter: @Chris_arnade


Chris Arnade received his PhD in physics from Johns Hopkins University in 1992. He spent the next 20 years working as a trader on Wall Street. He left trading in 2012 to focus on photography. His “Faces of Addiction” series explores addiction in the south Bronx neighbourhood in New York City. Follow him on Twitter: @Chris_arnade

theguardian.com, Wednesday 18 June 2014 07.30 EDT

watermelons

As a college student, Chris Arnade picked Florida watermelons to pay for school. His daughter can’t do the same.
Photograph: Alamy

When I entered Wall Street in 1993 with a PhD, I was an anomaly. One of my bosses was a failed baseball player, another a frustrated jazz musician. One of the guys running one of the most profitable businesses, in both my firm and all of Wall Street, was a former elevator repairman. Their college degrees – if they even had them – were from all sorts of schools, not simply the Ivy leagues.

By the time I left Wall Street a few years ago, the only people being hired were the “play it safe kids”. The ones with degrees from Princetons and Harvards. You know, the ones who had organized a soup kitchen in eighth grade (meaning, really their parents had) to load their resumes. The ones who had gone to the state science fair (meaning their parents or nannies had spent many weekends and nights helping with a science project).

 Few of these hires where rags-to-riches stories. Most had parents very much like those already working on Wall Street – wealthy and dedicated to getting their children whatever they needed, regardless of cost. Many were in fact the children of Wall Street parents.

It is not just Wall Street. Most of the best paying jobs now require a college degree, or post-college degree, and still rarely hire from state schools. They want Ivy schools, or similar. That feels safe.

This is a problem. Businesses have abdicated their primary role in hiring, handing it over to colleges, which have gladly accepted that role, and now charge a shit-load for it. Want a job kid? Pay $60,000 a year for four years. Then maybe pay for another two to get a MBA.

Yet, those best schools do not teach kids anything radically different from what the average colleges do. They do not prepare them better for the day-to-day work of Wall Street. Those finance skills are learned with experience and instinct after two years of training – on the job.

Rather, a prestigious education is a badge given to students who can follow the established rules, run through the maze, jump through hoops, color between the lines, and sit quietly. It shows that they really, really want to be a grown-up. For that, they pay $60,000 per year.

It has become a test. Are you part of the meritocracy?

It also has become a barrier of entry to professionalism – a very costly barrier of entry.

Harvard University
A rigid system of ‘feeder’ schools is in place for parents who want their children to attend schools like Harvard, which have a reputation for then ‘feeding’ major Wall Street firms. Photograph: Porter Gifford/Corbis

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From Homeless to Harvard: North Carolina teen gets Ivy League full ride scholarship

Posted by Warm Southern Breeze on Sunday, June 10, 2012

To read of this story causes several emotions and thoughts to arise within me.

One, is of sorrow and pity.

Another, is of relief that the community pitched in to assist.

Another is of joy that she is on a trajectory for success.

Yet another is of frustration that these scenarios exist… and do so largely without others’ knowledge.

Even another is of a tinge of anger, for the injustice.

While another is of pride for her resolute attitude and dogged determination.

On the whole, however, it is a “happy ending” to an otherwise difficult, even horrifically tragic story. And it is precisely those kind of success stories we so love to hear. The stories of those whom have overcome adversity – to have excelled despite the most severe adversity, even affliction – is the type of success story, the proverbial Horatio Alger story, that we Americans and all people, love to hear.

From scrubbing floors to Ivy League: Homeless student to go to dream college

By Vivian Kuo, CNN
updated 9:14 AM EDT, Fri June 8, 2012

Lawndale, North Carolina (CNN) — It’s before sunrise, and the janitor at Burns High School has already been down the length of a hallway, cleaning and sweeping classrooms before the day begins.

This particular janitor is painstakingly methodical, even as she administers a mental quiz on an upcoming test. Her name is Dawn Loggins, a straight-A senior at the very school she cleans.

On this day, she maneuvers a long-handled push broom between rows of desks. She stops to pick up a hardened, chewed piece of gum. “This annoys me, because there’s a trash can right here,” she says.

The worst, she says, is snuff cans in urinals. “It’s just rude and pointless.”

With her long, straight dark blonde hair and black-rimmed glasses, Dawn looks a bit like Avril Lavigne. But her life is a far cry from that of a privileged pop star.

She was homeless at the start of the school year, abandoned by her drug-abusing parents. The teachers and others in town pitched in — donating clothes and providing medical and dental care. She got the janitorial job through a school workforce assistance program.

She’s grateful for the work. But it’s where she’s going next, beyond the walls of Burns, that excites her most. She applied to four colleges within North Carolina and one dream university. She’ll graduate soon before heading off, leaving her dust pan behind.

120606082929-homeless-to-harvard-2-story-body

Dawn Loggins is working as a janitor to make ends meet.

For now, there’s Read the rest of this entry »

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