35 Facts That Prove That College Education Has Become A Scam

Camammal

Half Man Half Mammal
Joined
May 1, 2012
Messages
5,989
Reputation
1,375
Daps
15,720
Reppin
Marcy
College education in America is a bad joke. Instead of preparing the next generation of leaders for the jobs of tomorrow, the college education "industry" has become a giant money making scam. We constantly preach to our high school students that they "need" to go to college and we tell them to not even worry about how much it is going to cost because a college education is "always" worth the money. Then we lend them outrageous amounts of money so that they can pay the gigantic bills for the "education" that they are receiving. But the truth is that the quality of education at America's colleges and universities is absolutely abysmal these days. I spent 8 years at U.S. universities, and most of the courses that I took could have been passed by the family dog. Sadly, once our young people graduate they quickly discover that there are way too many college graduates and not nearly enough good jobs. Today, we have millions upon millions of young Americans that are enslaved to student loan debt for the rest of their lives. They were promised a bright future, but instead most of them are discovering that they are going to be working really hard to pay off financial predators for decades to come. Unfortunately, for most college graduates a diploma is simply a ticket to a crappy job and a lifetime of debt slavery.

The following are 35 shocking facts that prove that college education in America has become a giant money making scam....

The Student Loan Debt Bubble

#1 After adjusting for inflation, U.S. college students are borrowing about twice as much money as they did a decade ago.

#2 According to the College Board, college tuition is absolutely soaring. The following comes from a recent CBS News article....

Average tuition and fees at public colleges rose 8.3 percent this year and, with room and board, now exceed $17,000 a year, according to the College Board.

#3 Average yearly tuition at private universities in the United States is now up to $27,293. That figure has increased by 29% in just the past five years.

#4 In America today, approximately two-thirds of all college students graduate with student loan debt.

#5 In 2010, the average college graduate had accumulated approximately $25,000 in student loan debt by graduation day.

#6 According to the Student Loan Debt Clock, total student loan debt in the United States will surpass the 1 trillion dollar mark in early 2012.

#7 The total amount of student loan debt in the United States now exceeds the total amount of credit card debt in the United States.

#8 Over the past 25 years, the cost of college tuition has increased at an average rate that is approximately 6% higher than the general rate of inflation.

#9 Back in 1952, a full year of tuition at Harvard was only $600. Today, it is $35,568.

#10 The cost of college textbooks has tripled over the past decade.

#11 One survey found that 23 percent of all college students actually use credit cards to pay for tuition or fees.

#12 According to recent Pew Research Center polling, 75% of all Americans believe that college is too expensive for most Americans to afford.

#13 College has become so expensive that it is causing many college students to do desperate things in order to pay for it. For example, an increasing number of young college women are actively advertising on the Internet for "sugar daddies" who will help them pay their college bills.

#14 The student loan default rate has nearly doubled since 2005.

#15 Approximately 14 percent of all students that graduate with student loan debt end up defaulting within 3 years of making their first student loan payment.

The Quality Of College Education In America Stinks

#16 The typical U.S. college student spends less than 30 hours a week on academics.

#17 According to very extensive research detailed in a new book entitled "Academically Adrift: Limited Learning on College Campuses", 45 percent of all U.S. college students exhibit "no significant gains in learning" after two years in college.

#18 Today, college students spend approximately 50% less time studying than U.S. college students did just a few decades ago.

#19 35% of U.S. college students spend 5 hours or less studying per week.

#20 50% of U.S. college students have never taken a class where they had to write more than 20 pages.

#21 32% of U.S. college students have never taken a class where they had to read more than 40 pages in a week.

#22 U.S. college students spend 24% of their time sleeping, 51% of their time socializing and 7% of their time studying.

#23 Federal statistics reveal that only 36 percent of the full-time students who began college in 2001 received a bachelor's degree within four years.

Not Enough Jobs For College Graduates

#24 Only 55.3% of Americans between the ages of 18 and 29 were employed last year. That was the lowest level that we have seen since World War II.

#25 According to the Economic Policy Institute, the "official" unemployment rate for college graduates younger than 25 years old was 9.3 percent in 2010.

#26 One-third of all college graduates end up taking jobs that don't even require college degrees.

#27 In the United States today, there are more than 100,000 janitors that have college degrees.

#28 In the United States today, 317,000 waiters and waitresses have college degrees.

#29 In the United States today, approximately 365,000 cashiers have college degrees.

#30 In the United States today, 24.5 percent of all retail salespeople have a college degree.

#31 The percentage of mail carriers with a college degree is now 4 times higher than it was back in 1970.

#32 Right now, there are 5.9 million Americans between the ages of 25 and 34 that are living with their parents.

#33 According to one recent survey, only 14 percent of all Americans that are 28 or 29 years old are optimistic about their financial futures.

#34 Record numbers of Americans are going to college, but incomes for young American adults just keep falling. Since the year 2000, incomes for U.S. households led by someone between the ages of 25 and 34 have fallen by about 12 percent after you adjust for inflation.

#35 Once they get out into the "real world", 70% of all college graduates wish that they had spent more time preparing for the "real world" while they were still in school.

Link

Scust...

:beli:
 

AquaCityBoy

Veteran
Joined
May 2, 2012
Messages
40,630
Reputation
9,175
Daps
181,635
Reppin
NULL
Most of the stuff from 16-23 doesn't apply to me, and can probably be attributed to laziness, poor degree choices, and general apathy.

The rest though... :noah:

*Applies for grad school to delay real world another 2-3 years*
 

Egomaniacal1

Director of the Federal Bureau of Instigation
Supporter
Joined
May 1, 2012
Messages
7,232
Reputation
995
Daps
18,813
Reppin
Martin, TN
I think schools should be forced to guarantee a 50k or better job for an associates, 75k or better job for bachelors and 100K or better job for masters. GUARANTEED....or the state has to give u the different from a lesser paying job u are able to find.
 

TheBigBopper

Banned
Joined
May 1, 2012
Messages
8,278
Reputation
-2,125
Daps
15,373
Too many middle class people going to college, jacking up the demand for education. College was so cheap back in the day because fewer people went to it. Now demand for a college degree is so high, universities can bilk students at whatever price they wish.
 

TheBigBopper

Banned
Joined
May 1, 2012
Messages
8,278
Reputation
-2,125
Daps
15,373
I think schools should be forced to guarantee a 50k or better job for an associates, 75k or better job for bachelors and 100K or better job for masters. GUARANTEED....or the state has to give u the different from a lesser paying job u are able to find.

You realize that's even higher than the median starting salary at Harvard, right? :usure:
 

Grams

Grams Grands Gucci G'd Up
Joined
May 1, 2012
Messages
11,246
Reputation
2,715
Daps
22,512
Reppin
Eastside
fukk college man I swear to gawd I need to find a decent paying job where you don't need a degree.
 

sm0ke

Lin Kuei
Joined
May 1, 2012
Messages
1,724
Reputation
50
Daps
1,611
Reppin
Earthrealm
I think schools should be forced to guarantee a 50k or better job for an associates, 75k or better job for bachelors and 100K or better job for masters. GUARANTEED....or the state has to give u the different from a lesser paying job u are able to find.

doesn't seem like you put a lot of thought into that one
 

Dooby

إن شاء الله
Joined
May 3, 2012
Messages
8,383
Reputation
-415
Daps
10,402
If I could do it over...I would have went to the military straight outta high school...served for 4 years in the Navy/Airforce, save really well I should have 70k in savings by the time I'm out, then go to school off the GI bill...
 

ugksam

The White King TuT
Joined
May 21, 2012
Messages
7,586
Reputation
-488
Daps
7,501
it's a huge scam, someone is gettin rich off of it im just not sure who
 

kevm3

follower of Jesus
Supporter
Joined
May 2, 2012
Messages
16,047
Reputation
5,491
Daps
81,840
You could do better being a maintenance man or a mechanic than a lot of these college graduates.
 
Top