Learn 25 convincing reasons why going to college may not be beneficial to your future (cough** student loan debts) and could be considered a scam. It's a scam if like most other graduates you get a job that requires no degree.
2. • Instead of preparing the next generation of
leaders for the jobs of tomorrow, the college
education “industry” has become a giant money
making scam.
3. • Unfortunately, as 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 of
young Americans that are wage slaves to their
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.
4. #1
• Average yearly tuition at private universities in
the United States is now up to $27,293. That
amount has increased by 29% in just the past
5 years.
5. #2
• In America today, approximately 2 out of 3
college students graduate with student loan
debt.
6. #3
• According to the Student Loan Debt
Clock, (http://www.finaid.org/loans/studentlo
andebtclock.phtml ) total student loan debt in
the United States has surpassed the 1 trillion
dollar mark in early 2012.
7. #4
• The total amount of student loan debt in the
United States now is more than the total
amount of credit card debt in the United
States.
8. #5
• Over the past 25 years, the cost of college
tuition has increased at an average rate that is
roughly 6% more than the normal rate of
inflation.
9. #6
• The cost of college textbooks has tripled over
the past decade.
• Source: http://www.nytimes.com/2012/02/04/opinion/
10. #7
• According to recent Pew Research Center
polling, three-quarters of Americans agree
that college is too expensive for most
Americans to afford.
11. #8
• The student loan default rate has almost
doubled since 2005.
12. #9
• Roughly 14% of all students that graduate
with student loan debt end up defaulting
within 3 years of making their first student
loan payment.
13. #10
• 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.
14. #11
• Today, college students spend approximately
50% less time studying than U.S. college
students did just a few decades ago.
15. #12
• 50% of U.S. college students have never taken
a class where they had to write more than 20
pages.
16. #13
• 32% of U.S. college students have never taken
a class where they had to read more than 40
pages in a week.
17. #14
• U.S. college students spend 24% of their time
sleeping, 51% of their time socializing and 7%
of their time studying.
18. #15
• One survey found that 23-percent of all
college students actually use credit cards to
pay for tuition or fees.
19. #16
• Only 55.3% of Americans between the ages of
18 and 29 were employed last year. That was
the lowest level dating back to World War II.
20. #17
• 33% of all college graduates end up taking
jobs that don’t even require college degrees.
21. #18
• In the United States today, there are over
100,000 janitors that have college degrees.
22. #19
• In the United States, there are over 320,000
waiters and waitresses that have college
degrees.
23. #20
• In the United States, it is estimated that
365,000 cashiers have college degrees.
24. #21
• One out of every 4 retail salespeople have a
college degree.
25. #22
• There are roughly 5.9 million Americans
between the ages of 25 and 34 that are living
with their parents.
26. #23
• Federal numbers show that just over 33% of
the full-time students who started college in
2001 obtained a bachelor’s degree within four
years. So, those other 2/3 are accumulating
more debt from student loans when
graduating in 5 years or more.
27. #24
• Based on a recent survey, less than 15-percent
of all Americans who are 28 to 29 years old
are optimistic about their financial futures.
28. #25
• Once college grads get into the “real world”,
70% of all college graduates wish that they
had put in more time preparing for the “real
world” while they were still in school.
29. A Solution?
• A good way to get around all this is to look
into an internship if college is something you
truly want to experience. At least you get
some real-world work experience with an
internship and a foot in the door of a company
you want to work for.
• http://www.internships.com
• http://www.collegeworks.com
