Sajay Samuel: How college loans exploit students for profit
Sajay Samuel: Cómo los prestamos universitarios explotan a los estudiantes para dar ganancias.
Professor Sajay Samuel's proposal to reduce the burden of student loans is part of his larger preoccupation with thinking beyond the conventional categories of economics and ecology. Full bio
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for their passage to the new economy.
están endeudados
sus estudios universitarios,
more than one trillion US dollars.
más de un billón de USD.
that is secured on their person.
tiene una segunda oportunidad.
gets a second chance.
que a un Estadounidense
their student loan debts.
préstamos y deudas de estudiante.
graduarse endeudado.
graduating with debt.
graduated from Colorado State University
de la Universidad del Estado de Colorado
o casi gratuita,
as a public good.
from Colorado State University,
de la Universidad del Estado de Colorado,
trabajando medio tiempo.
by working part-time.
se podía pagar, era razonable,
was affordable, reasonable,
you paid off by graduation date.
se pagaban en la fecha de graduación.
tienen que pedir préstamos
se han vuelto inalcanzables
has become unaffordable
o todas las familias estadounidenses.
una educación cara
an expensive education
que se gane por ella.
that you earned from it.
meets the road.
todo el problema.
earned 10 percent more in 2001
ganaba 10 % más en 2001
than a quarter of those who must
de un cuarto de aquellos que deben,
sus préstamos por estudios?
can be the best of times,
puede ser el mejor de ellos,
en formas que no se pueden ignorar.
in ways that you can't ignore.
de ellas el día de hoy.
por los diplomas
de consumo que se puede comprar.
is a consumer product you can buy.
just as the economists do now,
como lo hacen los economistas,
para mejorar los activos humanos
to improve the human stock
to sort and classify people
para poder clasificar a la gente
puedan contratar más fácilmente.
can hire them more easily.
ranks colleges
evalúa las universidades
evalúa lavadoras.
rates washing machines.
"proveedores de servicio",
"consumidores".
and soccer and science,
y el fútbol y la ciencia,
proporciona ganancia,
of the student loan industry.
la industria de préstamos al estudiante.
de 1.2 mil millones de USD.
of 1.2 billion dollars.
guardar, empacar, dividir
and packaged and sliced and diced,
en el negocio de la educación superior
in the higher education business
that they pretend to educate?
con la que pretenden educar?
sean tratados como consumidores,
of addiction and envy."
de la adicción y la envidia".
upgraded versions of an iPhone,
se les vende actualizaciones del iPhone,
más y más educación.
more and more education.
educación media superior,
on certifications and recertifications,
más certificaciones y recertificaciones,
as a status object.
es un objeto de mayor estatus.
o una bolsa Luis Vuitton,
of a Louis Vuitton bag,
de envidia de los demás.
of envy of others.
hidden by a very noisy sales pitch.
escondidas por fuertes discursos de venta.
en la televisión diciéndonos
on television telling us,
es absolutamente esencial
to a middle-class life."
hacia una vida de clase media".
is the college premium:
la universidad premium:
56 % más que uno con preparatoria.
56 percent more than a high school grad.
las historias que escuchamos
trabajando como baristas y cajeros.
working as baristas and cashiers.
in any form of post-secondary education,
cualquier tipo de educación superior,
incluyendo la financiera.
including financial.
than high school grads,
graduados ganan
de educación media superior
la exorbitante colegiatura
estudian la universidad?
solo a los que la completan.
for only those who complete it.
have been cut to the bone,
de la preparatoria se han recortado
con educación media superior
por lo que están produciendo.
of what they have produced.
lo que les correspondería,
sería una mala inversión para muchos.
a bad investment for many.
de la educación media superior.
are not going to find an adequate job.
no encontrarán un buen trabajo.
doesn't look particularly promising --
tampoco se ve particularmente prometedor,
las deudas estudiantiles.
sobre esto de la universidad premium.
about this college premium thing.
higher education as a consumer product?
como un producto de consumo?
producto de consumo,
what you're paying for.
de educación superior,
kilómetros por litro esperar.
miles per gallon to expect.
Estudios Canadienses?
to the expected income.
con el ingreso esperado.
Basada en Ingreso o CBI.
Basada en Ingreso.
por obtener un grado académico.
from a given college and major.
de los juegos de vendedores ambulantes,
to the huckster's ploy,
por la universidad,
of the additional income they earn?
del ingreso adicional del que ganarían?
to Income-Based Tuition.
de la Colegiatura Basada en Ingreso.
de costo al ingreso,
tendrían que manejar mejor sus costos
to manage costs better,
deben pagar más o menos
the same tuition for every major.
and should change.
y debería cambiar.
usa más recursos
y profesorado
as a consequence,
como consecuencia,
al estudiante de ingeniería.
goes on and earns more money.
saldrá y ganará más dinero.
deberían pagar por el mismo producto
buy the same product,
la mitad o un tercio del servicio.
half or a third of the service.
de algunas licenciaturas,
para pagar sus deudas estudiantiles,
servicing their student debt,
when majors are priced more correctly.
cuando las licenciaturas tuvieran
toda esta información,
lo va a implementar, ¿cierto?,
estar bien diseñada,
públicas de contabilidad
of Income-Based Tuition,
Colegiatura Basada en Ingreso,
miedo y el hecho de llegar a la bancarrota
and the fact of financial ruin
puedan redescubrir,
que realmente quieran hacer.
that they really want to.
y trabajaron conmigo,
endeudados en Estados Unidos.
students in America.
ABOUT THE SPEAKER
Sajay Samuel - EducatorProfessor Sajay Samuel's proposal to reduce the burden of student loans is part of his larger preoccupation with thinking beyond the conventional categories of economics and ecology.
Why you should listen
Sajay Samuel is an award winning professor of accounting at the Smeal College of Business at Penn State University. He has organized seminars and lectured widely in Europe and elsewhere on a range of topics, including science and technology, the political economy of professions and decision theory.
Samuel received his Masters in Accounting and Ph.D in Business Administration from Penn State University in 1990 and 1995 respectively. Since then he has taught management accounting and related subjects to undergraduates, graduates, MBAs and Executives over assignments that included stints at Bucknell University and the University of Connecticut. He returned to Penn State in 2003 and now teaches a capstone course to all undergraduate business majors titled, "Business and Industry Analysis."
Samuel was awarded the 2006 Lester J. Shonto Faculty Award for Excellence in Accounting Education. Dr. Samuel's research has been published in such scholarly journals as Accounting, Organizations and Society, Administration Science Quarterly and Symbolic Interaction. His most recent work on accounting, technology and on the history of ideas, has appeared in three articles in the Encyclopedia of Science, Technology and Ethics (2005). His current research aims at clarifying the political implications of accounting practice. His studies in this area concern the political significance of administrative agencies and professional associations in liberal democratic polities. He has presented the early fruits of this work in France, Italy, Germany and England.
Sajay Samuel | Speaker | TED.com