Job security, guarantee pay, food and a place to stay, full benefits, travel, work experience/training that can cost into the hundreds of thousands just counting basic training and AIT. There are plenty of people in the military that couldn't give a damn about going back to school and liSt other incentives, especially when you can land a sweet contractor job or regular job with enough years of experience. My friend just got out after 6 years and got a $60,000 a year job. Just started going to college after he got out. Unless you want to go officer then you have to care about getting your degree.
I met a young woman at the YMCA who told me she joined to become a doctor. She said she did have to work in the Govt sector for a few years after leaving, but she joined so her medical school tab was taken care of. Having said that, yes your plethora of reasons exist as well, as does the free education carrot. I highlighted it in context of the thread topic. Not as an exclusive reason.
Well the picture you guys paint sounds amazing. Incredible skills along with zero college debt hell even free medical school. You can't beat that
Economics is totally man made and doesn't work like hard sciences. Human will can effect just as much as hard facts. Do we have enough food to feed everyone ? Yes. We destroy food before giving it to the needy, but the will to feed them doesn't exist. Education is a commodity where supply is only tempered by technology not demand. A professor's salary is a fixed cost so other variables include transportation and limit in class size. A professor can make a video for each class followed by mandatory discussions online and make taking tests on campus mandatory to reduce cheating. Education isn't finite.
No it's not man made. Models are man made. Just like technology is man made but the science behind it is not.
The working a few years in the govt (or non-profits) is 10 years (may be more at graduate level or depending on how much you have in loans - IDK) and the jobs are typically lower paying that what one would make working elsewhere. But, it's an option and a way for many.
And honestly, l remember feeling very envious of her, that she could join and get all that education paid for and a career to boot, and l couldn't (we were similar age at the time). I swear l wish l had met you 15 years ago to tell me l actually could have. Such a huge regret not having the right information. My life would be sooo hugely different.
oh and on the student loan forgiveness...they have to have paid for 10 years to receive it as well: "The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer." However, it may be possible that those payments are based on income level (not sure) so it may not be so bad.
The young lady l spoke to actually gave me an example of possibly working at a "boring" clinic in a rural area for low pay, but she said it was worth it to her as she saw her big picture payoff.
People have a misconception of social sciences. Finance is also a social science. Its the relationship between risk and reward. People will make decisions based on this relationship irrespective of being in the stock market or elsewhere. A street hustler has made a conscious decision to risk jail for a higher reward rather than working a low paying job. That's finance. Human behavior transcends man made models. The nature of this behavior is the science.
yah it just depends. For some it's worth it, others it's not. For some, they can't make it on those low wages given they still are making those payments until it's forgiven.
As far as the government paying for college educations of for our youth... sure would be a sweet deal and money well invested considering they are the future and who we will depend on tomorrow to continue running this country and upholding/mending/fostering relations with other countries and our allies... the allies that will have left that is. I think the system is set up well also considering higher GPAs get into better schools so there is some sort of checks and balances As for the military it is a great opportunity to receive a free education yet some people are not in it for the education as G Funk stated; they're in it to learn a trade that would have been much more expensive had they pursued that profession on their own. There are some young men and women who don't have anywhere else to go and are not responsible or mature enough to handle school, some who are left without an option because they cannot afford to go to school. There are indeed a lot of other benefits such as free healthcare, worldwide travel and experiences, as well as access to government employment and security clearances after just three years of honorable service.
When I was a CO, I was quite surprised when I discovered that inmates were getting college courses(by way of correspondence) and health care. All this paid for by the taxpayers. Some inmates have access to a law library inside that made me very envious. Some inmates are also law school graduates and practicing attorneys and represent inmates. If released, they could work in a firm. Inmates learn other trades like mechanical maintenance and electrician. This is an example of a free college education. However I don't want to be in prison to get a free education. I think that it could work.