By John Stossel
What do Michael Dell, Mark Zuckerberg, Bill Gates and Mark Cuban have in common?
They're all college dropouts.
Richard Branson, Simon Cowell and Peter Jennings have in common?
They never went to college at all.
But today all kids are told: To succeed, you must go to college.
Hillary Clinton tells students: "Graduates from four-year colleges earn nearly twice as much as high school graduates, an estimated $1 million more."
We hear that from people who run colleges. And it's true. But it leaves out some important facts
That's why I say: For many people, college is a scam.
I spoke with Richard Vedder, author of "Going Broke by Degree: Why College Costs Too Much," and Naomi Schafer Riley, who just published "Faculty Lounges and Other Reasons Why You Won't Get the College Education You Paid For."
Vedder explained why that million-dollar comparison is ridiculous:
"People that go to college are different kind of people ... (more) disciplined ... smarter. They did better in high school."
They would have made more money even if they never went to college.
Riley says some college students don't get what they pay for because their professors have little incentive to teach.
"You think you're paying for them to be in the classroom with you, but every hour a professor spends in the classroom, he gets paid less. The incentives are all for more research."
The research is often on obscure topics for journals nobody reads.
Also, lots of people not suited for higher education get pushed into it. This doesn't do them good. They feel like failures when they don't graduate. Vedder said two out of five students entering four-year programs don't have a bachelor's degree after year six.
"Why do colleges accept (these students) in the first place?"
Because money comes with the student -- usually government-guaranteed loans.
Oh my God when I read this I applauded because I have been saying this for a number of years. College is the biggest fucking rip-off scam there is even above global warming.
College is viewed by many people these days as nothing more than a diploma factory. You show up go to certain classes in a certain order, and eventually receive a diploma. There’s not a lot of love for learning for learning’s sake anymore. However that has not stopped many colleges from offering plenty of useless classes that go over useless educational topics.
I know a number of women for example trying to obtain nursing degrees but first must waste a lot of fucking time and taking algebra, literature (courses already taken years ago) and shit like ethics, none of this has shit to do with obtaining a fucking nursing degree.
So therefore these people must waste time and money back tracking taking college courses (these people are 40 plus years of age) again that don’t have shit to do with the degree and discipline they are trying to get into.
The result, yes there may be a bump in pay at some point for the effort but of course college ain’t free that money must be paid back first retaking theses classes. This is not even remotely logical.
Remember you must consider the time and money lost from the current job to go back to school, the cost of gas and child care in many cases.
Then you have these kids that don’t have shit to do but spend their parent’s money attending college spending thousands of dollars on basically what are time wasting “fun diversions,” obtaining liberal arts degrees that don’t qualify you to be a cashier in a convenience store.
What I do now had nothing to do with a college education. I learned most of my skills in the military (Air Force)
I make a modest salary look up U.S. median income and that is about my salary, is it great no, but I sure as hell don’t have nor have I ever had tens of thousands of dollars in student loans either.
I love my job it is about the most perfect job for me I can imagine and I love it and could do it till I’m an old dude… well older dude… with no problem and how many people can say that. I have little or no stress, work with great people in a beautiful environment (oops did I mention it is on a college campus) but hey.
I have served in my community on various board and philanthropic organizations, helped start new organizations and ever learned HTML coding back in the day all on my own.
The experience was practical good old fashion real world experience. Little of what I have ever learned on my own could have been obtained with a college education.
The funny thing is I would not have the job that I have now if my boss were looking for some college educated dude. If my boss were some academic snob I guarantee you I would not have this job, he has told me as much.
My boss told me I was hired over 127 applicants many with college degrees and a number with Masters Degrees, I saw the resumes. I was hired due to practical experience and thanks to my military training. Because of that I am doing what I love.
We need to get away from this mentality that kids MUST go to college to succeed. We must change the educational paradigm in this country if not we will go further in debt collectively and we will be limiting the opportunities of future generations.
Meanwhile the temples of liberal brainwashing continue to flourish and while other folks find a sense of temporary gratification by marching across some stage wearing a funny hat and a gown feeling a false sense of accomplishment that quickly dissipates as soon as they take that worthless diploma to go find a job permanently in debt.
If you have the time watch or listen to this. Very interesting and worth the time to check out.
College Conspiracy debunks many myths, including the belief that Americans with college degrees earn $1 million more in lifetime income compared to high school graduates without a college degree.*********
The most important basic fact that most Americans don’t understand about 4-year colleges is that most Americans spend 6 years attending them before graduating. With U.S. tuition inflation for private colleges averaging 5.15% over the past half a decade, assuming this same rate of tuition inflation continues, a college with tuition of $30,000 today will have tuition of $38,563 in the sixth year a student attends it.
In College Conspiracy, NIA analyzes the total cost to attend college by factoring in not just rapidly rising tuition expenses, but also the interest payments on student loans, and the lost income that college students would have earned if they worked at an average entry-level job that doesn’t require a college degree.
NIA’s investigation has determined that the organizations that helped create and promote the $1 million in additional income myth, included General Equivalency Diploma (GED) recipients as being high school graduates.
The truth is, GED recipients are not real high school graduates and they are being used to unfairly skew down the average income of high school graduates without a college degree.
This has the effect of artificially inflating the amount of additional lifetime income that college graduates earn over high school graduates. College Conspiracy shows the real numbers that never get discussed in the mainstream media.
The college-industrial complex has created not only myths, but outright hoaxes, in order to scam American students into becoming indentured servants for life. Three years ago when 15 new pharmacist schools were about to open in the U.S., the college cartel bribed economists to come out with phony research reports showing that the U.S. was experiencing a huge shortage of pharmacists.
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