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Posts tagged "money"

Oct 20, 2014

Why going into debt for (art) school is a terrible idea

In Steal Like An Artist, I wrote: “Get the education you need for as cheap as you can get it.” As anybody who’s followed my “you don’t have to go to college” tag knows, going into soaking debt for a degree is a bad idea, but even more so for artists. This graphic is from a recently published report, “Artists Report Back: A National Study on the Lives of Arts Graduates and Working Artists” by BFAMFAPhD:

In the United States, 40 percent of working artists do not have a bachelors degree in any field. Only 16 percent of working artists have arts related bachelors degrees. Though arts graduates may acquire additional opportunities and skills from attending art school, arts graduates are likely to graduate with significant student loan debt, which makes working as an artist difficult, if not impossible. We acknowledge that some arts graduates are satisfied with work in other fields, but the fantasy of arts graduates’ future earnings in the arts should be discredited.

Emphasis mine. Hyperallergic has an in-depth look at the report, and points out that it’s not just applicable to art students, either:

While this report focuses specifically on the arts, I couldn’t help but notice that it’s a part of a much larger conversation that’s been roiling across fields recently, particularly when it comes to graduate degrees. Our higher education system is producing a vast quantity of workers with educations and expectations for high-level and high-paying jobs that simply do not exist in the quantity needed to employ all these people.

…this is not an isolated issue in the arts — we’re training hundreds of thousands of young people who dream of gaining lucrative, or at least sustaining, long-term employment in a job market that is over-saturated with precisely those people and has been steadily losing good jobs.

To quote Steve Albini: “Some of your friends are already this fucked.”

The only decent argument I’ve heard for getting an MFA or teaching at an MFA program came from George Saunders:

I would feel weird if my students were going into mad debt to study with me. At Syracuse, we give 100 percent remitted tuition and about 15K a year, which a person can (sort of, approximately) live on in Syracuse. In any event, nobody’s leaving here with, you know, 80K in student loans. So this changes the dynamic dramatically. I feel good about teaching here, I feel like it’s honest. If we can help someone along their personal trajectory, great. If not, well, the person is only three years older than he/she was.

Via BoingBoing: It’s all but impossible to earn a living as a working artist, new report shows

Filed under: you don’t have to go to college

Oct 14, 2014

Bill Murray on The Howard Stern Show

Worth a listen. My favorite bit, about money:

I save. I don’t know if I’m frugal… I didn’t blow a lot of money early on and if you don’t immediately spend your first paycheque, it adds up.”

Oct 02, 2014
If you’re not worried about packing the house because you can’t make your rent, then you can have a lot of fun. If people come, fine. If they don’t, fuck them.

Sep 18, 2014
No one earns a billion dollars. People earn $10 an hour, people steal a billion dollars.

Aug 03, 2014

How do you sleep at night?

Mad Men, S01E06 [video]

Roy: “So, what do you do, Don?”
Don Draper: “I blow up bridges.”
Midge: “Don’s in advertising.”
Roy: “No way! Madison Avenue? What a gas!”
Midge: “We all have to serve somebody.”
Roy: “Perpetuating the lie. How do you sleep at night?”
Don: “On a bed made of money.”

Simpsons, S06E18 [video]

Jay Sherman: How do you sleep at night?
Rainer Wolfcastle: On top of a pile of money with many beautiful ladies.
Jay Sherman: Just asking.

Jun 19, 2014
I’m just back out here to make enough money to disappear again.

Jun 17, 2014
John Cassavetes, Cassavetes on Cassavetes

  People are afraid to be themselves, until they become other people, and they can never become themselves again.


John Cassavetes, Cassavetes on Cassavetes

People are afraid to be themselves, until they become other people, and they can never become themselves again.


(Source: 5oclockcoffees)

Mar 20, 2014

Jan 19, 2014
Joseph Heller, an important and funny writer now dead, and I were at a party given by a billionaire on Shelter Island. I said, “Joe, how does it make you feel to know that our host only yesterday may have made more money than your novel ‘Catch-22′ has earned in its entire history?” And Joe said, “I’ve got something he can never have.” And I said, “What on earth could that be, Joe?” And Joe said, “The knowledge that I’ve got enough.”

Nov 10, 2013
Working on poems is like cheating on your husband: It’s what I really want to do but they won’t pay me for it.
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