Best Of The Web
“We have all heard the scary stories. Those poor university students have been forced to take on huge amounts of debt. Except for one thing: No one forced anyone to do anything. Students who take on debt are making an investment. They wouldn’t be making that investment unless they thought it would pay off for them.
First, let’s look at the facts. How much of a tab are university graduates running? Some 45 million Americans owe roughly one-and-half billion dollars in student debt, $600 million more than total U.S. credit card debt. But how big a debt load is that for students to carry? The average student loan recipient pays back the loan at a pace of $351 per month, covering both principal and interest – between the ages of 20 and 30. The median monthly student loan payment is $203 – again, until age 30. Compare that to taking out a mortgage to buy a home, at an average $1500 in principal and interest payments – over 30 years.
People look at the amount of debt students take on, compare it to the cost of their own education, and feel enormous sympathy. That’s understandable, when over the past 20 years the average cost of tuition fees at private universities is up over 160 percent, from just over $16,000 to just over $43,000 per year. But compare that economic cost to the enormous economic benefit.
Workers with less than a high school diploma earn a median of about $26,000 per year, with an unemployment rate of about 8 percent. Earnings for those with a high school diploma are higher, but still only a median of about $35,000 with an unemployment rate over 5 percent.”
JJ Editor's Picks
"Not even what one might think of as the most basic tenet of any religion, a belief in the existence of God, is a prerequisite: Agnosticism is a key principle of at least one major school of Hindu philosophy."
"The presidency of any particular incumbent is relatively short... but the precedential consequences of impeaching a president without complying with the specific provisions of the Constitution “as it was written” are enduring."
"After news that a judge allegedly provided sexual favors to Bar Association president Efi Nave in exchange for her appointment, several politicians said in their responses that the Judicial Selection Committee needed to be the “Holy of Holies.”"
"Two new documentaries take on Billy McFarland and his disastrous music festival... the secret villain of this story all along: the subtle menace of social media marketing."
"Eating out, ordering in. Throw in a bagel here, a coffee there, and it all adds up. "It's definitely a challenge for people my age to save on food.""
"Popular music is shrinking. From 2013 to 2018, the average song on the Billboard Hot 100 fell from 3 minutes and 50 seconds to about 3 minutes and 30 seconds. "
"Here in the good old U.S. of A, the third annual Women's March planned for Jan. 19 is in serious trouble, thanks to irreconcilable political disagreements."
"Nature, however, with its endless cycles of death and rebirth, fascinated her. Walking in the woods, she developed a method that has become the hallmark of her poetry, taking notice simply of whatever happens to present itself."
"Modern parents haven’t stopped playing favorites; they’ve just stopped doing it openly. Though few parents today will admit they have a favorite child, studies indicate that about two-thirds of parents do."
"The first science-based diet that tackles both the poor food eaten by billions of people and averts global environmental catastrophe has been devised."
"Sphen and Magic looked like they would make great, diligent, careful egg-warming parents. They made the biggest nest, and they sat on it constantly."
"How YMHAs, followed by synagogue-centers, and finally JCCs have tried—in different ways—to balance Judaism and Jewishness, by bringing Jews together in intellectual, spiritual, and physical pursuits"