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Is College A Waste Of Time And Money?

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GraduationAre you thinking of going to college?  If so, please consider that decision very carefully.  You probably have lots of people telling you that an “education” is the key to your future and that you will never be able to get a “good job” unless you go to college.  And it is true that those that go to college do earn more on average than those that do not.  However, there is also a downside.  At most U.S. colleges, the quality of the education that you will receive is a joke, the goal of most colleges is to extract as much money from you and your parents as they possibly can, and there is a very good chance that there will not be a “good job” waiting for you once you graduate.  And unless you have someone that is willing to pay your tuition bills, you will probably be facing a lifetime of crippling student loan debt payments once you get out into the real world.  So is college a waste of time and money?  In the end, it really pays to listen to both sides of the debate.

Personally, I spent eight years at U.S. public universities, and I really enjoyed those times.

But would I trade my degrees today for the time and money that I spent to get them?


Right now, Americans owe more than a trillion dollars on their student loans, and more than 124 billion dollars of that total is more than 90 days delinquent.

It is a student loan debt bubble unlike anything that we have ever seen before, and now even those that make their living from this system are urging reform.  For example, consider what a law professor at the University of Tennessee recently wrote for the Wall Street Journal…

In the field of higher education, reality is outrunning parody. A recent feature on the satire website the Onion proclaimed, “30-Year-Old Has Earned $11 More Than He Would Have Without College Education.” Allowing for tuition, interest on student loans, and four years of foregone income while in school, the fictional student “Patrick Moorhouse” wasn’t much better off. His years of stress and study, the article japed, “have been more or less a financial wash.”

“Patrick” shouldn’t feel too bad. Many college graduates would be happy to be $11 ahead instead of thousands, or hundreds of thousands, behind. The credit-driven higher education bubble of the past several decades has left legions of students deep in debt without improving their job prospects. To make college a good value again, today’s parents and students need to be skeptical, frugal and demanding.

When a lot of young Americans graduate from college and can’t find a decent job, they are told that if they really want to “be successful” that what they really need is a graduate degree.

That means more years of education, and in most cases, even more debt.

But by the time many of these young achievers get through college and graduate school, the debt loads can be absolutely overwhelming

The typical debt load of borrowers leaving school with a master’s, medical, law or doctoral degree jumped an inflation-adjusted 43% between 2004 and 2012, according to a new report by the New America Foundation, a left-leaning Washington think tank. That translated into a median debt load—the point at which half of borrowers owed more and half owed less—of $57,600 in 2012.

The increases were sharper for those pursuing advanced degrees in the social sciences and humanities, versus professional degrees such as M.B.A.s or medical degrees that tend to yield greater long-term returns. The typical debt load of those earning a master’s in education showed some of the largest increases, rising 66% to $50,879. It climbed 54% to $58,539 for those earning a master of arts.

In particular, many are questioning the value of a law school education these days.  Law schools are aggressively recruiting students even though they know that there are way, way too many lawyers already.  There is no way that the legal field can produce enough jobs for the huge flood of new law school graduates that are hitting the streets each year.

The criticism has become so harsh that even mainstream news outlets are writing about this.  For instance, the following comes from a recent CNN article

For the past three years, the media has picked up the attacks with relish. The New York Times, in an article on a graduate with $250,000 in loans, put it this way: “Is Law School a Losing Game?” Referring to the graduate, the Times wrote“His secret, if that’s the right word, is to pretty much ignore all the calls and letters that he receives every day from the dozen or so creditors now hounding him for cash,” writes the author.  Or consider this blunt headline from a recent Business Insider article: “‘I Consider Law School A Waste Of My Life And An Extraordinary Waste Of Money.’” Even though the graduate profiled in the piece had a degree from a Top 20 law school, he’s now bitterly mired in debt. “Because I went to law school, I don’t see myself having a family, earning a comfortable wage, or having an enjoyable lifestyle,” he writes. “I wouldn’t wish my law school experience on my enemy.”

In America today, approximately two-thirds of all college students graduate with student loan debt, and the average debt level has been steadily rising.  In fact, one study found that “70 percent of the class of 2013 is graduating with college-related debt – averaging $35,200 – including federal, state and private loans, as well as debt owed to family and accumulated through credit cards.”

That would be bad enough if most of these students were getting decent jobs that enabled them to service that debt.

But unfortunately, that is often not the case.  It has been estimated that about half of all recent college graduates are working jobs that do not even require a college degree.

Could you imagine that?

Could you imagine investing four or five years and tens of thousands of dollars in a college degree and then working a job that does not even require a degree?

And the really sick thing is that the quality of the education that most college students are receiving is quite pathetic.

Recently, a film crew went down to American University and asked students some really basic questions about our country.  The results were absolutely stunning

When asked if they could name a SINGLE U.S. senator, the students blanked. Also, very few knew that each state has two senators. The guesses were all over the map, with some crediting each state with twelve, thirteen, and five senators.

I have posted the YouTube video below.  How in the world is it possible that college students in America cannot name a single U.S. senator?…

These are the leaders of tomorrow?

That is a frightening thought.

If parents only knew what their children were being taught at college, in most instances they would be absolutely horrified.

The following is a list of actual college courses that have been taught at U.S. colleges in recent years…

-“What If Harry Potter Is Real?

-“Lady Gaga and the Sociology of Fame

-“Philosophy And Star Trek

-“Invented Languages: Klingon and Beyond

-“Learning From YouTube

-“How To Watch Television

-“Sport For The Spectator

-“Oh, Look, a Chicken!

That last one is my favorite.

The truth is that many of these colleges don’t really care if  your sons and daughters learn much at all.  They just want the money to keep rolling in.

And our college students are discovering that when they do graduate that they are woefully unprepared for life on the outside.  In fact, one survey found that 70% of all college graduates wish that they had spent more time preparing for the “real world” while they were still in college.

In America today, there are more than 300,000 waitresses that have college degrees, and close to three out of every ten adults in the United States under the age of 35 are still living at home with Mom and Dad.

Our system of higher education is not working, and it is crippling an entire generation of Americans.

So what do you think?

Do you believe that college is a waste of time and money?

Please feel free to share your thoughts by posting a comment below…

  • Leigh

    I am Canadian where the cost of a post secondary education seems a bit more reasonable that our neighbours to the south. The student loans programs also seems more tightly controlled and I don’t know anyone who graduated with more than 30 K in debt. I graduated with Bachelor of Science and 14 K in student loans. It took me 5 years to pay it off and interest here is tax deductible. It was the best money I ever spent and that degree has allows me to earn nearly 6 figures. I have two young children now and I suspect that by the time they graduate from high school, I will be encouraging them to get a trade or if they want post secondary education focus on one that actually gives a useable skill…like nursing or engineering. As this article points out, most post secondary degrees are not all that useful. Potential students should know and understand the career opportunities that will be available at the end of the process…not just focus on classes that are interesting or easy to get an A in. If there is no clear end goal in sight, it would be better to focus your time and energy on building your own business!

    • Spy#1

      I agree with you. As I see it, most young people view college as a social experience. They chose their college from the list of Playboy’s top party schools.

    • The issue now with starting a business (in America) is all of the taxation, and regulations. So much red tape you have to go through and rules to go by. Just to start up is a hassle, then trying to maintain it…. a lot of people in my area have started businesses, and many of them closed within a year or 2. Those that are open are struggling to get by.

  • Killer Virus

    Unfortunately the whole racket is set up in such a way, that to be employed, a degree is initially what they use to determine if your qualified for a job. They want one many times even if it has nothing to do with the job you applied for. It’s double edged sword. Of course their will always me degrees that guarantee a decent paying job, like nursing, as Leigh stated.

  • Tim

    Is college a waste of time and money? I think it is today, but it hasn’t always been. I wouldn’t have gotten the jobs that I’ve held if I hadn’t earned a college degree. But I finished college at a time when the economy was in pretty good shape. I was blessed in that I had a job lined up before I graduated. I had interned the summer before my senior year, and I was offered a job by the firm shortly before I graduated. If I were in my late teens or early twenties today, I would not go to college unless I had scholarships or a rich uncle to pay for it. 🙂

  • Priszilla

    It all depends. On your interests, for example. You won’t learn carpenting on a college, except a vocational college.

    If you want to go from LA to San Francisco, a train might be a good idea. Going from Florida to Cuba, a train is not a good idea.

    If you want to buy shoes, you wouldn’t try at the butcher.

    If you want to be a big mathematician and develop the next big cryptographic mehtod, you better go to university and study mathematics.

    • El mico

      You’ve never tried on a pair of sausage slippers?

      • chwa harps


    • Warp


      Coursera EdX

      Cost: Zero

      • hellothere

        I LOVE Coursera!!

  • krinks

    At age 40 (10 years ago) I graduated from Pitt with a BSIS thinking I would break into the Pharmacy Automation Industry to name but one. I owed nearly as much as I made in a year ~$30,000. The only offers I received were out of state temp jobs at a pay cut. Not. I will now pay what amounts to a second car payment until I am in my 60s. You do the math. Don’t weep for me though. I am married to a wonderful Hospice Nurse that makes twice as much as me and that doesn’t hold this error against me. I meant well and tried to better myself.

    • MichaelfromTheEconomicCollapse

      There is certainly nothing wrong with trying to better yourself. We all make mistakes. I know that I certainly have.


    • markthetruth

      Try ” SPORTS ” best degree in college and get a free education and soon to be Unionized and get a siphon too.

      the end…

      • Drew

        That is absolutely disgusting. I’m sure you’ve seen the recent articles (even on the MSM) about just how dumb many of these college athletes are, some barely able to read at a 3rd grade level, but magically still get mainly Bs and As in their courses.

        And now that they can unionize, they’ll go on strike and demand more “scholarships”, funneling the already poorly managed base of tuition money into sports rather than academics and education. It is pathetic and infuriating at the same time.

        • Mongoose

          Guess what? Sports bring in MILLIONS!!! Not thousands, MILLIONS!!! Entertainment in sports is growing in demand every year. Academics and education will only get you a measley 30k+ a year if you’re lucky. Salaries of professional athletics make 6 figures even if they were minor league players or the worst bench players. I rather have a dumbass who is a great professional athlete than some idiot who wasted money on college only to have a mediocre job. In the words of Richard Sherman: “YOU MAD BRO?”

    • theDollah

      Quote from the movie Good Will Hunting.
      Will: “…you dropped a hundred and fifty grand on a fu**in education you coulda got for a dollah fifty in late chahges at the public library.”

      I couldn’t be more eloquent than that.

  • Priszilla

    www forgottendetroit com

  • Ray Hessel

    I couldn’t imagine having college debt. Sorry. Worked and paid my undergrad as I went along let employers pay for the postgrad degrees.

  • Joe Kleinkamp

    Sadder still is that many of the Occupy Wall Street protesters blame their student loan debt on the banks as lenders and not the colleges as greedy tuition shylocks. Your cool liberal arts professor is pulling down six figures for “working” 3 day weeks 30 weeks a year. He’ll never tell you you’re wasting your money paying tens of thousands of dollars to sit in his classroom absorbing his useless ideology. Many colleges have endowments worth tens of billions yet the tuition increases far out pace inflation — Harvard over $27 billion, Yale over $16 billion, Stanford almost $14 Billion. Google “college endowment rankings” to see many more examples.
    The irony is that many U.S. manufacturers are screaming for more qualified trades people who are capable of operating or at least capable of learning how to operate sophisticated CNC equipment i.e. doing real honest productive work. Kids in their 3rd and 4th year of high school should take a serious look at this option.

    • H

      Excuse the typos. That was allot of writing.

    • People who do real “hands on” work in this country get positively “screwed” in this country. Don’t waste your time with trades skill learning. Learn to function in the FIRE sector. To find out what FIRE stands for, checkout Economist Michael Hudson at his website. His insight on everything economic is outstanding. Don’t be a sucker, there’s no virtue in real productive work in an AFU system.

      • hamdoodle

        I’m and industrial maintenance guy and make 65,000 a year with straight 40 hr weeks. Go for trades and learn multiple skills; welding, plumbing, electricity/electronics, mechanical etc.
        You can always get your employer to help out with school tuition or pay out of pocket yourself as you work for a living.

  • El Pollo de Oro

    “Hey kiddies, keep spending that money in college. Get that degree as an MBA. You can have a job at Wal-Mart. You can become a cashier or a clerk.”—Gerald Celente

    What does a college education get you in 2014? Well, let’s see, here are a few examples from Philly (the city with the most colleges and universities in The Banana Republic of America).

    People’s Exhibit A: at a local dollar store, one of the employees is a nerd I call The Dangling Participle Man. I call him that because he’s always babbling about people’s grammar (has a masters from a major university, yet he’s stuck at the dollar store buried in student loan debt). When I was growing up, nerds like that earned a good living. Now, they get a one-way ticket to the dollar store.

    People’s Exhibit B: a friend of mine who has a MBA from Temple University took a job in Bogotá, Colombia because her prospects looked grim in the BRA, where she was still living at home and waiting tables. She’s doing well in Bogotá and has so far managed to avoid The Desperate People Doing Desperate Things Tax.

    If I had a 16-year-old, I’d probably say, “Skip college and learn a trade.” But then again, there are plenty of blue-collar workers who did exactly that and still wound up at the dollar store. So what happens when so much of the population is piss poor with no way out? They don’t buy things, a small business owner like myself loses a lot of potential customers, the economy stays depressed. Another thing that happens is that people get sick of
    the rigged game and join the underground economy (I.e., turn to crime) because there are more opportunities for advancement. The underground economy is booming in a
    lot of banana republics, and it will boom in the BRA as the conditions get worse and worse.

    “If you get a university degree, maybe you can have a job as a manager at Wal-mart. Or, one of those great hospitality sectors—you know, waiting tables or cleaning rooms in hotels. Those are the kind of jobs that are being created. You cannot live a comfortable middle class life in this country with the kind of jobs that are being created.”—Gerald Celente

    “The effect of the new economy is to have an undeveloped Third World economy.”—Dr. Paul Craig Roberts

    Why the hell do you think preppers are prepping? Because they’re smart enough to realize that a country with so much desperation will only become more dangerous and more violent. In a collapsing Third World cesspool like The Banana Republic of America, all you do at the 11th hour is P&P: prep and pray.

    • Pete

      Being a Philly guy too, I would say you’re right on the money. Kids are being sold a bill of goods that somehow they’re special and there will be a red carpet rolled out for them after graduating college. What employers love the most is getting these young 20- somethings who have tuition debt up to their ears along with possibly a car loan and rent to pay. They know they have this kids wrapped around their finger and that they’ll whatever they’re told for the least amount of money.

    • the truth

      Great post, full of truth. The USA is turning into a third world country, partly through the efforts of our own government.

  • Mondobeyondo

    Whether you should go to a college or university is really up to the student, and his or her particular course of study. Some careers require higher education. Others do not. For example, you don’t need a master’s degree to be an auto mechanic.

    And by the way, I know at least one U.S. senator. Heh.

    • Mondobeyondo

      It took me about 1.3 seconds to come up with John McCain, the Republican senator from Arizona.

      • jcrook

        If there is one republican and one democrat from each state, how do you get a senate majority?

      • Sabretooth

        Terrific. You can name one Senator and then you make the ignorant statement each state has one Republican and one Democrat Senator. Mondo must be a college graduate.

  • K

    For now, I think the answer is simple. If you can get through college, without incurring debt, go for it. If like most, you would have to take out a sizable loan, than no. With the way things are going, I would not take out a sizable loan for anything. Yes that even includes a mortgage. If you can get any job, and start to get yourself established. College may be in your future, at a later date. If the collapse comes, as so many of us think. Debt would be your biggest enemy. People where being thrown off their farms, even in the middle of the civil war, for not paying their loans.

    • woah woah woah, you skipped about 40 years from graduating college with a loan to owning a farm. what college graduate with a college loan can afford a farm? I would love a farm but until the student loan is paid off I can’t even begin to buy a farm, so if there were a collapse the students with loans out won’t really lose anything.

  • Mondobeyondo

    Regarding the list of college courses listed in the article:

    People actually pay money to attend these classes? !

  • dummy down society

  • DesertPaine

    College teaches on how to be an employee within artificial but well-defined lines that exchange imagination for comfort.

    At one time long ago, not.

  • toadsticker

    When the government guarantees the student loans colleges can keep raising their rates. When students can’t pay their loans the taxpayers get stuck with the bill. If the government didn’t guarantee the loans the colleges wouldn’t be able to keep raising their rates because credit would be tighter through private lending institutions. Lower tuition and other costs means lower debt for students. The government screws up everything it touches.

  • davidmpark

    Well, Baal worship can be expensive.

    What is needed is to return real-experience education to K-12. Practical classes. For example, I think we need a return of hard-core home economics and shop classes. That is really lacking where we are. Encompassing old-fashioned shop classes, homemaking, sewing, real cooking (in my day, we made an ice cream sundae – that was it), and so on.

    Also a practical chemistry class in High School. Something like… first day of class have a lot of everyday chemical products like bleach, soap, drain cleaner, etc. and have the students learn how to make all of them.

    And a practical, hard core medical course: Not just how to put on a band-aid and such – I mean suturing, delivering a baby (well, if they want to get pregnant let ’em do this – it’ll shut ’em up!), and some minor surgery.

    After these classes are in place, then cut down the college courses. Most of the practical courses will give better experience than some lecture theory courses in the universities.

    Best idea I got.

  • Kim

    The happiest time of my life was when I was I college. I made good friends, I loved to learn and I loved what I was learning, I was an A student and i didn’t have a care in the world for years.

    Once I graduated, my life went down hill fast. I was heavily in debt and th clock was ticking. I felt pressure to accept employment I just couldn’t take working in my field (law) in the real world.

    I worked for three law firms for a few years, with colleagues and bosses that were constantly stressed out, had substance abuse problems and they never really seemed to know what they were doing. I had my own workload, but at the same time I felt like a baby sitter.

    I am glad I am educated. My education opened my mind to many things- it has enhanced my life in many ways. Would I do it again? Probably. Was it worth it (the time, money, sacrifices)? Probably not.

    • Kim

      I’m sorry for grammatical typos. Sometimes my iPad does not respond well with disqus formatting.

  • Kim

    My daughter is in her third year at University of Oregon. She has just shelled out $14,000 (fortunately, much of it was paid for with grants and scholarships) to study abroad in Greece. She is there now, and for the next four months.

    Her curriculum includes excursions and historical studies. What she is going to do with that, I don’t know. She plans on going on to grad school, and I am supporting her decision.

    Will she get a decent paying job? Not likely in Portland.

    She’s been posting pictures in Instagram and it looks like she is loving her study abroad experience.

    My son didn’t go to college. He learned to be an auto mechanic at a local technical high school and he works for a well-known car dealership and makes $25 and hour and flags well over 40 hours a week.

    • Kev_H

      Those international trips are troubling. I used to lead them as a faculty member. The problem is the students are looking for fun, glamour, and vacation, which isn’t particularly educational. But if you offer them a truly educational experience, it lack the pizzazz to attract participants.

      The other aspect is that if you are drawn to a global experience, you can have a much more cost effective and educational experience on your own. A few years ago I saved up $2,500, took a leave of absence and spent 6 months in 7 sub-Saharan Africa countries and was able to hold some interesting volunteer “jobs” by just showing up places and helping out. I could have made it on $1,500 or less if I stayed in one place. Visas and transportation took up much of my money. That might be extreme, but you can always get that global experience much less costly on your own and it is usually a better experience because you aren’t part of a group.

  • Syrin

    Of course it partly depends upon what your degree is in. Show me how a “Woman’s Studies” major can get a job other than delivering pizzas. In general though, it is not worth going to a major university for undergrad. Get your courses on line, then try to save up for grad school. A bachelor’s degree has been watered down to be essentially meaningless.

    People should consider trade schools. Know how hard it is to find a good bricker? How about a general handy man who shows up on time, does the job on time and in budget?

  • MeMadMax

    In my line of work in the IT business, it takes only a handful of certifications to get you in the door as a entry level help desk support tech(in most cases). That’s around $500 to snag a job that can pay anywhere from min wage to $15 an hour or moar. I currently have a $12.75 an hour job, that’s almost $1000 a paycheck after taxes. I’m perfectly fine with that as it pays all the bills. But you can goto school for 2-4 years, get ur bachelors, put urself in debt for $80 grand(moar or less) and get a job that pays anywhere from min wage to around $20 an hour(starting out, moar or less, if ur lucky)

    Which would end up earning you an extra $600 a paycheck, which would also mostly go to paying off ur student loans, and at the $600 a month rate, would take you 11 YEARS to pay off. So, for 11 years your bachelors degree would be absolutely worthless. In the most optimal scenario you would keep that $20 an hour job for 11 years or moar. But that is a rare case. Generally most people only have 4 year or careers or so, so yea, there will be breaks in income from time to time, further lengthening out the payment maturity…

    So, is it worth it? Maybe. If you can withstand a few years of being poor while going to school, then a potential few decades worth of not being able to pay against the loan… Then after that, maybe.

  • Tractor

    Yea I kept going and going and going and now I have a PhD. But it might as well be in basket weaving, still can’t find a job except for McDonald’s. When you have to degree they ask where is your experience and IF you have experience they ask where is your degree. But if you do have both then they just tell you “Well call you, DON’T CALL US”
    McDonald’s here I come, at least I can wear the same rubber gloves all day long and make change, scratch my face, probably go to the bathroom and then back to flippin burgers all still wearing the same rubber gloves.

    • Guest

      I’ll be sure not to eat at that McDonald’s. 🙂

    • guguciao

      Tractor, what is your PhD in ?

  • Karl C

    Go back to school, they said. You’ll get a better job, they said.

    So I went through an established, non-profit university’s online program and got my B.S. in Accounting and Finance. Little did I know that the only thing that would change is that I would be stuck with over $30,000 in debt. Every résumé I sent out was met with indifference at best.

    I’m one of the lucky ones. I may still have my old job, I may not have as much debt, but I sure don’t feel particularly lucky.

    Just a couple of months ago, my car needed a new catalytic converter to pass inspection. The service cost me just over $1,000. I fear for the next time I need repair work on my car; will I be able to afford the bill? If I hadn’t gone back to school, the $400 a month I pay toward my student loans could have bought me a brand new car with money left over. But hey, hindsight’s 20/20, right?

    • Abba Okoro

      Wallstreet has plenty of finance jobs, should really look to it.

  • James Hixson

    Most people would be better off spending the money that they would use to go to college, to buy a house. It is the number one expense that you would incur in a lifetime. Then, go to a community college or get into an apprenticeship. Most of the jobs the community colleges train for are well paying jobs if you get into the right field. After a few years of experience, you should make what a university grad makes when they get out. Apprenticeships train you for a trade. Most tradespeople can be self employed. As you receive training in an apprenticeship, you get paid while you learn. What university does that? Most jobs that you train for in a community college are local jobs that probably won’t be exported. Tradespeople are mostly self employed. So, if you train in a community college or apprenticeship. You are more likely to retain a job in your local community, allowing you to pay off that house with the money you would have wasted going to an university.

    • Eric Quintero

      The trades are making bank right meow. Especially welders and anyone working in the oil fields.

      • Matty

        Very true my friend.

        Here in Australia, all of the manufacturing/fabricating/welding jobs are going bust, to China of course!

        But the oil and gas projects are searching, and we have so many foreigners applying and receiving the positions that home grown locals miss out and struggle.

        We welcome anyone over here, but as we all know, companies just want to save time and money and if someone wants to work for peanuts to fill these positions then we can’t compete with monkeys.

    • warp

      Buying a house limits mobility. That is especially a problem for a trades person who may need to move to where the jobs are at any time. It’s like a tether staked in the ground tied to the person’s leg.

      • guguciao

        Buy an apartment (or house) with the option of being able to rent it out… if you need to move.

  • libsstillsucktheobamacock

    California state senator Leland Yee arrested in FBI sweep

  • libsstillsucktheobamacock

    Mayor of Charlotte resigns after public corruption, bribe charges

  • Teddy

    I like the picture of the women. Truth is it stirred an emotion in me immediately. I have family members just like that.

    It reminds me of the army of 20-40 something women with an expensive college education in liberal studies, so so jobs, expensive car, broke and in debt, not married, no kids, poor, socialist and very liberal, and very unhappy. Men do the same, but women seem to give up a life and family for this fantasy of getting a degree and saving the world………..ain’t gonna happen.

    The whole thing is weird.

    • El Pollo de Oro

      Tom Leykis has had a lot to say about women who fit that description. Many of those women will be looking for Prince Charming (in other words, dudes with a lot of money) to pay their bills, but as Leykis says, Prince Charming won’t want them because Prince Charming only dates L.A. 10s.

      • Beanodle

        It goes like this.
        One day a few years ago I did a job for a Financial adviser. He told me that there were a percentage of single girls he had as clients had received a university MBA in marketing, media or some other such related discipline and were working in poor paid jobs in retail shops or at food outlets. Many had multiple amounts of credit cards and had racked up huge debts on them.
        Average $25,000. One day these girls would find a good job based on their university degree and with this job the credit card debt would be settled. Unfortunately that good paying job never arrives.
        By the time these girls reach 25 to 30 years old they have a massive debt, no assets and no prospect of getting that elusive high paying job.
        Solution? Find a husband to help clear their debts.
        Problem is finding some sucker who wants to marry a huge debt – not many takers there.

        Queue the sub prime loan. Our financial adviser would line up a housing loan with a 125% mortgage (no deposit) for a rental property. Girls parents would have to go guarantor on the loan.

        You will see these types of girls around the more upmarket retail stores employed as shop assistants. Easy to spot. Louis Vuitton handbag, and wallet, Armani dress, Tod shoes, Chanel glasses etc etc. (all paid for on the obliging credit card company)

        • El Pollo de Oro

          Beanodle: And when they get into their 40s, many of those girls will likely still be single (and paying for their cats with credit cards). A lot of well-to-do guys I’ve known here in Philly have no interest in marrying the “liberal arts golddiggers” because they know they’ll be on the hook for all her debts.

        • d

          I am a Financial Planner and the fellow you worked for is just a crook. It should be illegal to help people like this defraud lenders. Oh wait, it is.

          • Beanodle

            It maybe illegal – even in the country where I live, however the finance providers turn a blind eye. The finance providers are counting on ever increasing house prices to cover the mortgage. In my country mortgages are still in a huge artificial bubble.
            Last year one of the largest providers of apartment buildings in Australia was threatened with liquidation. A large bank bailed out the provider telling the Liquidation agent that if this company went down it would set in train an Australian real estate market collapse.

    • K2

      There are a lot of men who want to save the world too and not have kids at the same time. Nothing wrong with that. The problem is when people have kids when they are broke. People should only have kids when they can provide for them until atleast they get a job.

      • Ryan

        That is awful thing to say! Than most of the people in the world should not have kids cause their poor. You do know that the world is facing a low population problem which will be the biggest economic threat in he future. Everyone has the right to have kids regardless of salary!

        • K2

          Even though they are poor they are able to provide for them. Maybe not high class stuff, but enough to have a future of some sort. And many of those are able to do it, by not having as many kids as they feel like, but having just enough kids they can provide for.

          The world is facing a high population problem and too much labour than the world economy can absorb, will be the biggest threat of the future.

        • Gay Veteran

          a lot of countries (e.g., India) are not facing low population problems.

    • Matty

      Great comment Teddy.

      We can thank the feminist movement funded by the global elite for that.

      Their goals were to promote to women that they can be successful and achieve anything (of course they can and they do, nothing wrong with successful girls making good money with a good career), but their real goals were to have more people paying taxes, break up the families, the kids will be busy educating themselves with tv, video games and drugs alcohol, mum and dad are too busy working to monitor everything that the kids are doing, hence the way our generation is today……..

  • Chris Davis


  • Saintmatty

    I’m hoping that King Obama declares that all student loans are forgiven. It will be a gas. Colleges are money makers for lots of people. Book publishers, bars, stores. Students stimulate the economy. We gain 15,000 or more in our population when classes are in session. That’s 15,000 more consumers. Loans produce jobs-rentals produce income for landlords. It is a bubble that is and will pop soon. Kinda reminds me of the last bubble that burst. We based a very large part of our economy on real estate too. No work-go back to school-get the GOV money-take out loans to survive. I know the route well.

  • mleblanc138

    What I’m seeing a lot of is jobs that require a degree AND at least 3 to 5 years of RELEVANT work experience. But you can’t get that relevant work experience without the degree in the first place, even if the job could actually be done by an 18 year old right out of HS. Part of the problem is the kids that go right from HS to College, and then don’t work at all, therefore reaching age 22 or so without ever having worked a job.

    I’m 24 with no college and 3 years experience of working in a warehouse environment. Because I am now 24, I hit a “magic number” when it comes to filling out FAFSA forms since my parent’s income will no longer be a factor into how much financial aid I qualify for. That’s the way to do it in my opinion, because who really knows what they want to do at 18 or 20? A degree is probably a good thing to get, as long as you’re prepared for the possibility of still working your same job, or not getting a good job right after you get the degree. This “everyone needs to go to college right after HS regardless of the cost” BS needs to stop immediately.

    • Mike Smith

      What happens with FAFSA and you being 24?

      • mleblanc138

        If you are under 24 and fill out FAFSA, you have to disclose your tax information as well as your parent’s tax information. At 24 or older, you only have to disclose your tax information.

  • Southern Sage

    It depends. I spent quite a bit to send my daughter through college and foreign grad school. She does not have one cent of debt and a great job. I hope to get my sons jobs through connections when they graduate. That is the sad truth.

  • Chris Davis

    Sorry, that didn’t work well the first time. I was in the classroom when they did away with practical classes like typing, home ec, auto shop, etc. Everything was geared toward going to college and the counselors went into all our classes to tell the kids that every single one of them could go to college. This is in an immigrant community in L.A. I suppose they could go as that was also when things shifted to giving minorities priority with admissions and financial aid. We have really done a disservice not only to students, but to ourselves (in our older age) as we now have a generation with very few individuals with any practical skills – or desire to possess those practical (usable) skills. Now, with my daughter in high school, her counselor is pushing for her to take the SAT and apply to four-year colleges, despite the fact that she has plans to go to a two-year community college for a practical certificated career. The counselor is pushing 4-year, which doesn’t offer anything my daughter needs for her career choice. We blame colleges but the high schools are a large part of the problem. They push the 4-year with no regard for the students’ career desires or needs. It is largely just to make the high school look good on paper. More parents need to take their complaints to the high schools and let them know how woefully inadequate they are at serving the community and students.

  • John

    I am an engineering professor at a major public university. My opinion is that college is a good deal, with several caveats: (1) you must select a major that results in a good paying job, such as engineering, nursing, accounting, etc., (2) the student must work HARD and make good grades or it is definitely NOT worth it, (3) the student must be willing to live cheaply now to NOT be saddled with excessive debt later, (4) you must select a college you can afford (which may mean 2 years at a local junior college then 2 years at your state’s public college), and (5) seek out any and all grants and scholarships you can (civic clubs, local businesses, professional organizations, etc.). Unless all of the above apply to you, or unless you are already excessively wealthy, do something else…

    • zen

      I agree with most of your statements, in fact it is the same advice I give out, but the part where you exclaim that college is a “good deal”, is not right. The cost of going to
      college has been rising at an average annual rate of about 7% for the past several
      decades. This is well beyond the rate of
      inflation. Also, wages for college
      graduates have not been increasing by a 7% annual average over the same period. I think any way you slice it, it is not a “good
      deal.” It might, under the right circumstances,
      be a good choice, but hardly a good deal.

      • John

        Its a good deal (with the caveats I listed) compared to most of the other choices most people have if they do not go to college. But that “good deal” does assume you do not finance the education, at least not most if it.

    • Luis

      Quick Books has wrecked havoc on the accounting profession. It’s not what it used to be. Small business owners just don’t need accountants anymore, and I love working for small businesses because you get to do a wider variety of things. These days you are mostly stuck working for some large company churning out a bunch of mind numbing work that leaves you feeling empty inside.

    • Spy#1

      An engineering major asks, “how does it work?” An accounting major asks, “how much does it cost?” A liberal arts major asks “would you like fries with that order?”

  • rentslave

    People should do as did Obama:Get a degree from Columbia without wasting time actually going there.

  • El Pollo de Oro

    Here are some jobs of the future that do not require a college degree……just a strong work ethic, a lack of morals, ruthlessness and proficiency with firearms:

    1. Kidnapper

    2. Carjacker

    3. Violent home invader

    4. Drug trafficker

    5. Sicario (hit man)

    Those are the jobs of el futuro in The Banana Republic of America, and don’t be surprised if some corrupt policías get in on the action (which is typical of societal collapse). How would you feel if a gang of thugs robbed you blind and you knew the policías were in on it? Not fun.

    “Crime is going to go to levels we’ve never seen before.”—Gerald Celente

    “We’re living on borrowed time, literally. There’s going to be a day of reckoning.”—Peter Schiff

    “The middle class is about 25% of what it was in the 1950s, and it’s about to be gone.”—Alex Jones

    So, patriots: keep prepping and keep praying. We’ll need all the help we can get in the hellish nightmare that lies ahead.

    • Kim

      Lol. Good one.

      • El Pollo de Oro

        Kim: Gracias. In the BRA, Third World desperation will bring with it Third World crime. If people think Detroit and Camden are dangerous, they should try Caracas (murder rate in Detroit: 54.6 per 100,000……murder rate in Caracas: 122 per 100,000).

  • bobcat

    There are several trends that led us to this sorry state of affairs.

    1. The effects of outsourcing and offshoring so many high paying jobs which has taken place over the past 3 or 4 decades can’t be overstated. Entire industries, such as electronics manufacturing, have vanished.

    2. The massive influx of immigrants on H1-B visas has expanded the college educated labor pool.

    3. The misguided policy of sending everyone to college. When I was coming up, less than 1 in 4 people in the workforce had a bachelor degree. Now, nearly half do. Many jobs which never used to require college degrees now do. But not because the work demands it. Employers figure most who apply will have a college degree anyway. So they list that as a requirement.

    4. Astronomical increases in college tuition have forced the majority of students into debt peonage. Legislation was purchased to make student loan debt a special kind of debt.

    In summary, the supply of jobs has decreased while the supply of labor has increased. Requirements for degrees have ratcheted up while tuition has soared. It’s a recipe for economic disaster.

    • K2

      Very well said!

    • El Pollo de Oro

      “If you don’t care about anything but
      making money, there will be a giant sucking sound going south.”—Ross Perot in 1992

      “We have got to stop sending jobs overseas.”—Ross Perot in 1992

      The BRA ignored Perot at its own peril.

  • coffeedrinker

    This is an excellent question.
    Yes college is worth it. You need to see college as preparation for learning how the world works or is set up to work. This preparation will allow you to more easily navigate through this world for the rest of your life.
    What is more important than a college education is a spiritual education. With a spiritual education you can move mountains.
    A college education without a spiritual education will truly have you living and operating in this world ignorantly.

    • Eric Quintero

      The best way to learn about the real world is to live in the real world. College exists apart from the real world. It is a fantasy. When the dream is over and reality hits, its a pretty rude awakening at 23 or 24.

      • Beanodle

        A good proportion of academics never get out of the fantasy school world – in other words they’re large school kids. I spent a good few years doing contract work at various places of higher learning. I had to interact with many academics. I shudder to think that some of these bozos are supposed to be shaping young minds.

  • Fred

    Many Asian students believe now that you don’t need just one PhD to get a good job, you actually need two. Instead of getting a PhD and then doing a post-doc for a year that leads nowhere and pays nothing, followed by another and yet another useless post-doc. Your time is better served instead by getting a second PhD. Thus education appears to now be a totally all-in or all-out game.

  • Spy#1

    Unknown to most people, the government makes on average 25% on student loans when all is said and done. If the student loan money was made more scarce, the cost of a 4 year education would come down. I just cannot imagine what some of these kids were thinking when they decided to major in drama, women’s studies, or business communications. Why do the Asian and Indian students excel in careers when they graduate from college? Because they are not afraid to tackle the hard sciences. They are also prepared for the rigors of an academic college life. Also, Asian and Indian students don’t take basic algebra or introduction to chemistry their first two college semesters.

    • Steve

      I have a friend who is doing ‘Shakespear studies.’ Doing the full 4-5 year course, with masters and everything. Staying in the system as long as she can. I know she just doesn’t want to face the reality of real life, and the fact of having no relevant job at the end.

  • DJohn1

    The truth is that a plumber’s apprentice, a heating and air conditioning specialist, a very good sales person, a registered nurse, some engineering jobs, all make good money. Some require a college degree and some do not.
    Your entire officer class of the U.S. Military have to have a college degree before becoming the lowest officer rank in service.
    The natural order of things is that we need 85% of the people working hard and 15% living off the rest of us. When that gets out of balance we have to lose the number over 15% in the professions.
    The lawyer class is definitely part of the 15%.
    Bankers belong in there too.
    Politicians(also lawyers for the most part) also fit into the 15%.
    So do CEOs of major corporations.
    The key here is they are all part of a general class of people that do not work for the money that they make off the rest of us. When that number goes beyond 15% then expect a crash.
    I did not make up this theory. It was proposed in a book a long time ago about the “Screwing of the Average Man.” I think that was the title of the book. This book spelled out the rackets that the educated rich class put over on the rest of us in unfair labor fees for things like title searches when you buy a house. Like general fees written into law when you go through probate. Like the commissions some Real Estate firms charge to sell commercial property.
    Naturally everyone wants to be part of that exclusive group.
    The problem is not just anyone can break into the club.

  • Eric Quintero

    Reading articles like this make me very grateful for having gone the military route. Many of my friends with college degrees are still working part time jobs. Some are even thinking about going back for more.

    I couldnt tolerate the education system any longer at 19, so I entered the military system. Now days I attend classes more for the G.I. Bill money than the actual course material. Ive been learning more in the real world about the real world for a while now. And one thing is becoming very clear: I can make the same, if not much, much more than my friends doing something that didnt require a college degree nor military training.

    I wish I had opted out of the system much sooner.

  • goldminer

    I don’t have a degree. Neither does my wife. Yet we live very comfortably. We both have great jobs, My wife’s job required a 4 year degree. But for some strange reason when she was hired the issue never came up in the interview. My job is pretty mundane. I just operate a 5 million dollar piece of equipment. All I have to do is keep it pointed in the right direction and nor crash it.
    I sent my kids to trade school to actually learn something. After graduating Both of them are doing well and making good money.. I figured they should have a trade then if they want they can afford to go to college. They can pay for it. I sure am not going to. Waste of time IMO. Unless you want to be a Lawyer, Doctor or something like that.
    But I doubt they will continue their education. They are pretty happy doing what they are doing.
    You don’t need a education to do well in life. its more a matter of willpower and a positive attitude. I can do anything I want. I can have whatever I want. If I wanted the stress I could rule the world. But I will leave that to people with a degree. They have been doing a great job so far LOL!

    • Abba Okoro

      What’s the name of your job?

  • hurricane

    I left school at 16,am 38 worked underground as a miner,Jumbo operator for 20yrs,my last job in Africa,Mali,Payed me 230grand clear a year in Aussie dollars AND i like drugs,booze and pussy,Put that in yr collage pipe and smoke it.

    • pulltheweeds


  • Bharat

    College is and always will be a waste of time. There are many people who have become billlionaires without college.

    • K2

      And there are many people who became billionaires due to college. And there are many people who went broke because they dint go to college.

      If you choose a weak course/degree you will be broke (if you take on huge debt) even if you go to college. And you will also be broke if you choose a weak trade even if you dont go to college.

      Weak in this case means that doesnt guarantee a stable income.

  • JahRW

    You would think all the money they make from college sports, which is billions a year, could be used to subsidize tuition. But that would be giving back to Americans, and they can’t do that!

  • Angry Jesus

    “Is college a waste of time & money?” The moneychangers don’t think so. And yes, I’m still angry.


    Unless you are a real “barn burner”, I would avoid college. You are better off learning a trade. My brother in law has a GED but joined the Navy and became a plumber in civilian life. He worked his way up. On a “slow day” he makes $500. $1000 on a good day! He owns his 4000 sf house free and clear along with the 100 acres out back he leases to local farmers. Stack that up against my friend’s daughter with a Masters degree from UCSB who is still waiting tables! This despite the expenditure of six figures. Sound familiar?
    I am retiring soon and my frank advice to young people is to GET A GOVERNMENT JOB. The pay may be lower but the work is steady. Consistency is the key. For now, you also have a pension. This does not exist in the private sector. You also have some job protection. In the private sector, you work for your boss and your boss’s boss. If either of those change, your job is AT RISK! I was in the private sector for decades and was “laid off” on average every 5 to 10 years despite superior performance. While you make more money in the private sector, realize you may have to start over again and again and again. It just does not last. Remember, it is NOT how much you make but what you HAVE at the end of the day.
    If you don’t get a government job, go where the work is. Right now that is Texas or North Dakota. You are young and strong. These are real assets!! Trust me, this does not last. A lifetime of very hard work is catching up to me as it usually does for everyone. Make hay while the sun shines because there are some real clouds on the horizon.
    I would also frankly suggest moving back in with your parents or hooking up with friends and buying a house or apartment building to live in. I would save a minimum of 30% of my gross and do that for 30 years. ( If you think this is extreme, Chinese and Koreans save 40 to 50%. ). Invest in growth stocks, gold and/or income property. If you do this, you MIGHT have a chance to retire in your Fifties. If you do not do this, plan on working till you drop. Social Security is, has been and always will be a Ponzi scheme. The Boomers, 75 millions strong, I am frank to say, are going to suck it dry. 75 will become your age of early retirement and you will have to “qualify” for it. Medical Costs are going to soar despite/because of Ocare. BTW, Ocare is a scam for you and nothing but yet another transfer scheme to people like me. My advice is to NOT sign up and pay the fine. Times are hard and going to get harder. We are talking survival here. Do what you have to do and let us forgo the stigma of having to do so.
    For God’s sake, stay healthy! Work out. Avoid bad habits. Divorce will destroy you financially. Pick you life partner with great care. I would also think long and hard about having children. AVOID DEBT LIKE THE PLAGUE. Pay CASH whenever possible. Young people, you are going to have to work longer, harder and settle for less for a long, long time. This is not fair but this how it is. Another tip, avoid political charlatans like Obama and only vote for those who lower taxes, increase employment/investment opportunities and avoid foreign wars. Indeed, get over the idea that government is your friend. It is not. We do not live in a representative democracy. It’s an Oligarchy with all the trappings of a Banana Republic. Good luck. You are going to need it.

  • Lanny Dante

    I say get rid of colleges and bring back the TRADE SCHOOLS!

  • onetime

    For my own country I was just looking at the statistic on the unemployment rate last night. When you breakdown these figure and consider the education level of unemployed people the results suggest a third level qualification makes a big difference. With an average rate of unemployment of 13% in 2011 for the age group of 25 to 64 in Ireland people with only a high school diploma (or no diploma) had a 25% rate of unemployment while people with third level qualification had a 7% present rate. The higher the third level qualification the lower the rate of unemployment.
    In a world without borders (thanks globalization 🙁 ) to stay in the middle classes you need to have skill sets that set you apart.

  • Matt J

    still no collapse. this will be figured out. would have collapsed already if it was gonna happen. the collapse of 2010.wait no,2011,nope 2012,here we go 2013. ok its this year 2014. ..same story. prep the collapse of 2087 is coming!

    • Luis

      The PTB have done things to prop up this economy that no one ever imagined. Many credible people are calling a collapse in the first half of this year, but it still might not happen. This charade could go on a while longer… It makes prepping a bit of a challenge, at least for those of us who try to keep our supplies fresh.

  • chwa harps

    What’s the point in doing that? You can find a source of income and join the new rich by traveling offshore. Outsource your income it can be something as smart as buying autographed sports meorabilia on the cheap and selling it high at various auction houses or ebay.

  • K2

    I said something similar in my comment about college education in the previous article. If people choose a course/degree that doesnt give a good chance of getting a job they will be have no way to pay out their debt. Those students who chose law…should have found out first…what are the chances of a law graduate getting a job as compared to a medical or MBA.

  • pulltheweeds

    College is the biggest scam of the last fifty years.
    The only thing it is good for is one line of an obituary.

  • davidmpark

    We had a talk with our kids and told them we will not be paying for college. We will pay for a technical certificate (under $1000.00 USD) and if they want college, they can pay for it themselves – our duty as parents is to ensure they can care for themselves and start families of their own. That, and we’re already screwed financially.

    I’m teaching them everything I can. My kids can already cook full balanced meals, wash and repair their clothes (my son keeps saying sewing’s not manly – I remind him if soldier’s do it, it’s manly), manage money, and know how to use basic tools. They are brilliant kids and will do great things in life with families of their own… Seriously, they want to open a rival business to Disney and “slam the mouse to the abyss.”

    • K2

      You did right. In the future I hope you tell them to build a strong financial foundation first, before having a family.

      • davidmpark

        They’ll have a family when it’s time. We don’t prescribe to Leftist ideology. I’m teaching them how to care for a family the right way: multiple income streams, home production and storage, good employment, membership in the Church, high standards of morality and adherence to Christ’s gospel, and constant improvements and vigilance.

        To multiply and replenish the earth.

        The biggest problem is folks that demand raw materials and liberties be locked up, then they complain that families are breeding in artificially narrowed environments and we need population control. We need proper liberty and use the earth to better our lives and grow families – not management by power hungry incompetents.

        • K2

          Family planning is not leftist. In many countries even right leaning parties advocate smaller families. It has nothing to do with ideology. Humanity has a lot of problems and ‘shortage’ of human beings is not one of them.

          It was needed in ancient times because more than half the people that were born used to die of war or disease. So populations needed ‘replenishment’. Thats why all religions in all countries still advocate it, as they themselves originated in ancient times.

          But now as there are already too many people for every job, all over the world (not just the states) the question of ‘replenishment’ doesnt arise.

          Having said that, its up to you what you want to teach them. They are your kids after all. You have every right to teach them what you want.

          • davidmpark

            It does have to do with ideology. Eugenics and all lesser forms only comes of evil.

            They are my children and we are raising them to seek a large family each. Replenishment is a major issue: is more so now with populations aging and replenishment not taking place, and must inherently be maximized. We have the resources to create all the jobs needed and more. Problem is vast amounts of what’s needed to create these jobs is locked up and over regulated.

          • K2

            First of all, i already said it is ‘your’ family and i also said you have every right to teach them what you want. Lets leave it at that.

            Now speaking just for the sake of discussion, (between us since we are on a a blog about these kind of stuff )having lesser kids has nothing to do with ideology. And even though the population is aging, the majority of the global population is young, not old. Also with the rate of technological advancement, technology is reaching such a stage that it is ‘replacing’ the need for human labour in many fields. Agriculture, manufacturing, IT, finance, you name it.

            Also the creation and maintaince of that technology itself is also increasingly done by technology, unlike previous technologies of the last century. By saying this i am not implying that all humans will be replaced tomorrow or next year. This has begun to happen gradually and is picking up pace.

            In the future (the coming decades will see this change)

            And to create jobs, not just resources but ‘need’ shoud also be there. When companies can get ‘x’ amount of stuff done by using ‘n’ amount of labour, why will they hire more than ‘n’. Sure some companies are affected by regulations, its true, but ‘globally’ companies also were in a situation where they had more workers on the bench than they needed, just so they can immediately put them to work when new projects come. Its only now that they are getting rid of that practice. And not just labour, companies also have excess manufacturing overcapacity, inventory, raw materials (esp in china and india).

          • K2

            And family planning is not the same as eugenics. Look it up.

          • davidmpark

            “Family Planning” comes from the Eugenics movement – look it up.

          • K2

            No reputed site or encyclopedia says eugenics and family planning is the same. And also one doesnt need a website to tell them both are different. People can understand for themselves that both are not the same. Some common sense is all it takes to understand both are not the same. The means generally used and the reasons people do it are all different. Eugenics is bad. Family planning isnt. Even basic stuff like using protection to avoid having kids is part of family planning measures.

          • K2

            And none of them says family planning comes from it. Provide a link that says it. And not from ideological sites.

          • davidmpark

            Sites and encyclopedias? That’s the best you got?

            Read Margaret Sanger’s publications. Along with most what was published by or about Charles Darwin, Franklin and Eleanor Roosevelt, Italian fascists, and the German National Socialist’s party, etc. etc. etc… They all figured that family planning would be a good gateway drug to eugenics.

          • K2

            There is nothing in what charles darwin said that indicates both are the same or FP comes from eugenics. And those other politicians, even if they feel that FP is a gateway drug, it doesnt mean both are the same. Encyclopedias are far more balanced, and scientific than the thoughts of a few.

            Politicians can take anything good and use it to do any thing bad. That doesnt make the good…bad.

          • Gay Veteran

            “…There is no difference – same result.”

            pure BS, all because YOU don’t approve of family planning

          • Gay Veteran

            family planning is voluntary, eugenics isn’t

          • Gay Veteran

            so what? family planning is voluntary

          • davidmpark

            Have you ever tried building and using that technology? The more complicated the machinery and lines of code, the more people are needed to keep up the maintenance. Is it labor saving? On one side, yes; but it does drive up repair and upkeep time and costs. For every automated machine, a ratio of 2 operators to 1 mechanic is normal – even on 5th generation machines. The costs of new technologies is always higher to recoup R&D losses. How will folks afford it?

            And have you ever tried working with those mechanical harvesters? Combines work well, but driving and operating themselves – too many variables and losses will occur. And most crops have no real mechanical means of safely harvesting the product without either losing a lot of crops or having damage to perennial plants.

            And who says companies need to work globally. Release the raw materials, across-the-board tax cuts and go for a flat tax, and systematically de-regulate locally for locally owned companies. States first, nation second, world third.

            And having large families is not a backwards ideal to technological advancement. Children are the reason to push for technological advancement. We want the best for them, and they will advance it after us. Capable children are the fruits of humanity and civilization – the more the better the civilization.

          • K2

            ”The more complicated the machinery and lines of code, the more people are needed to keep up the maintenance”

            Not necessarily. Modern cars, tractors, computers all take lesser people to build and operate them, than older versions took. And even though automated machines are still taking two operators to one mechanic, they are doing ‘more’ human work and in that way they are increasingly replacing human need. And although the cost of new technologies is higher, its only initially, and then it falls and is falling more rapidly in recent times than earlier.

            ”And have you ever tried working with those mechanical harvesters? Combines work well, but driving and operating themselves – too many variables and losses will occur. And most crops have no real mechanical means of safely harvesting the product without either losing a lot of crops or having damage to perennial plants.”

            I never said machines will replace every singly human job, did i? Human-only jobs will always be there, but they will not be enough to absorb all human beings who will be in the labour force.

            And releasing raw materials,deregulation, flat tax etc definitely helps, i never implied they wont. But all these wont be enough to provide jobs for every person who needs it. They are welcome but insufficient. Todays children will be tomorrows workers and employees, and they will increasingly have to compete more and more with a global workforce. Even though companies can limit themselves to their states and employ workers within their states, will they be able to compete with other companies in the said state who will have global/cheaper workers and machines?

            ”And having large families is not a backwards ideal to technological advancement. Children are the reason to push for technological advancement. We want the best for them, and they will advance it after us. Capable children are the fruits of humanity and civilization – the more the better the civilization.”

            I never implied having large families are a backward ideal to technological advancement. I only implied that having large families is risky if parents cant provide for them,until they get a job.

            And ofcourse every parent wants the best for their children. And even if some of them dont, they ‘should’ want the best for them. But will they capable of providing the best, is the question.

            As for your statement…the more the better for civilisation. I disagree If you think its better for you…if you have as many kids as possible, you have every right to think that way. But it doesnt apply to human civilisation as a whole. People have a tendency to feel ‘whats good for them is whats good for everybody’. It is not always right. There isnt a shortage of capable people in the world.

          • K2

            I forgot to add a full stop after the word disagree in the last para.

          • davidmpark

            Ah, the usual quotation followed by analysis tactic. Getting kinda old hat.

            Personally, I don’t care about absolute specifics. You want perfection in my answers? You ain’t gettin’ it from me. Just as I will never get perfect answers from you. And the deflections we’re both doing won’t help either.

            Answer this: Why stop having more children because the economy is bad: why not fix the economic damage and get on with raising the population numbers?

          • davidmpark

            Would you kindly answer the question: Why stop having more children because the economy is bad: why not fix the economic damage and get on with raising the population numbers?

          • K2

            If a person can afford to provide for them until they get a job, they can and should have kids if they want to. I already made this point. Also if a person or people can fix an economy they can and should have kids.

            But if they cant provide but still have kids, they will themselves end up damaging the economy because the govt has to spend to provide for them. If people expect the govt or corporations to fix the economy, all the while having as many kids as they want, even if they cant provide for them, it is wrong.

          • davidmpark

            Whatever. Children are needed – all we need to do is defeat those who locked away our economy and liberties.

          • K2

            I am not implying govt should enforce family planning. Not at all. Its people themselves who should know ‘how many kids’ they can support and plan their families accordingly. It should be entirely voluntary. I made the same point a few weeks back too!

            And children ‘are’ needed. But where we disagree is ‘How many’.

          • Watermeloniqua

            Wrong question…what KIND of children? THAT is what we should be asking. But that would be racist.

          • Please answer me these two questions as best as you can, even if it’s a guess.

            1. What is the ideal world population (7 billion now) given that resources are not finite. Sure we can figure out better ways to use some of them, but there is only so much land suitable for agriculture and that’s a fact.

            2. Why not hold off on increasing the population until those improvements are made. You have mentioned in your previous comments (yes, I read them all out of fascination) that you believe the technological improvements will require more and more people to manage it. But in the same question begs another question, why not educate the current 7 billion people better so they can be utilized to make up the larger number of people required to run the better technology. The technology that allows us to reach maximum population capacity?

            Please respond. You’re fascinating.

          • Gay Veteran

            the greater the labor supply the less it is worth, fundamental economics

          • davidmpark

            So that applies to population control? You guys are some kinda sick!

            Here’s the answer: our economy got locked up and guarded against use. The American people chose the worst of criminals and evil to rule them. This is what happens.

            This situation is being reversed, but in the meantime more children are needed. And there are more ways to supply one’s home other than being a peon.

          • K2

            While what gay veteran said is only ‘technically’ right. That should not be the reason for people to have less kids.

            In my view ‘Able to provide for them’ and ‘ecological destruction’ are two major reasons people should take into consideration when thinking about how many kids they wanna have.

            Since i already talked about the first reason. I will talk about the second. One or two or ten or even thousand families wont cause environmental damage if they have more kids. But what if most families in the world do that. Forests are already being cleared rapidly to feed and provide for the ever growing global population.You might not see it in the states, but its happening in many parts of the world. And this will get even worse, if the population doesnt slow down.

          • K2

            I have to stress, i am not implying people should be forced to do this, by others. It should be voluntary.

          • Gay Veteran

            and let’s don’t forget the problem with drinkable water, becoming worse and worse with fracking

          • Gay Veteran

            hey junior, I was pointing out a simple economic FACT:

            the greater the labor supply the less it is worth.
            that is precisely why wages are declining in the U.S., the labor supply now includes China and India

          • why do you believe you need to replenish humans? People in small towns do just as well as people in cities. People in tiny villages do just as good as people in small towns. So why do you believe larger numbers of people improves the quality of life?

    • Matty

      Excellent comment my friend.

      Same here David, we have a 10 month old daughter, and we will be teaching her everything we can to be as independent as possible, and of course who Christ is, He is our only hope.

      God bless you and your family.

    • How would your kids starting their own family help them, you, or anyone else? Why not leave it at teaching them to care for themselves?

  • Scared Economist

    A family in our neighborhood has an oldest daughter who was accepted to Duke University. They were so proud. She received some grant funds but tuition money was still short so the family stopped paying their mortgage to divert the money to Duke. It took 2 1/2 years but they were finally foreclosed on and had to move to a tiny rental house with their 3 other kids. The daughter graduates this year with her Bachelors in Russian Literature.
    I say Good Luck with that Degree!

    • K2

      ‘Pride comes before fall ‘

      They were so ‘proud’ that their daughter will be going to college, that they dint bother thinking out the consequences of taking debt to finance that kind of degree.

      Choose the right degree people!!!!!!

    • Spy#1

      You have got to be kidding!

    • Matty

      Wow…………they must have incredible faith in her…….. like really really incredible faith.

  • Bruce


  • slybackstabber

    Over the past thirty years, US college education — of middling quality at best — has become a very high-priced commodity. And with the high price tags associated with it, it has to be considered an “investment.” This investment is of dubious merit as the bottom has dropped out of the white-collar job market. Learn a trade instead — if you can.

  • Tom, the phone guy

    If you know what you desire to do and find that you need a college education to do it, then go to college.

    If you’ve been told that everybody should go to college, but you don’t even want to go to college, don’t go.

    one going to college must realize the amount of debt they will incur,
    and be OK with the fact that you will be a slave to your lenders for a
    very, very long time.

    My advice to those who think they must go
    to college is to not go, until you figure out what it is that you need a
    college degree for.

    To go to college because everybody else is going is a bad reason.

    To go to college because it’s cool, and there are lots of parties is a bad reason.

    Figure out what you want to do first, then, if it requires a college degree to do that, then decide whether you:

    a. have the money necessary
    b. are prepared to be a slave to your creditors for a long, long time.

    There are lots of skilled labor jobs that don’t require a degree and pay pretty well. Some examples are:

    – Electricians
    – Plumbers
    – Carpenters
    – Iron workers
    – Stone masons

    more could be cited. There is nothing wrong with working a physical
    job, and getting a little dirty. And, you may find that you could even
    become quite successful in your field and have very adequate income (if
    you can figure out how to keep the gov from stealing it from you).

  • JoePa

    Spent 7 years in school. I graduated in 2010. I earned a BA and an MA. I owe $80,000 in student loan debt. I’ve got two crap jobs and can barley pay for rent, food and utilities. I earn just enough to keep creditors off my back. I can only pay for the minimums (i.e., Interest only). I took that college myth ‘hook line and sinker’… Based on the outlook of the USD and rate of social and moral decay in the US, I would not go to college unless is for Disaster Recovery or Emergency Crisis Management. It is an absolute joke and mere propaganda tool. So help me God, I will pay every last penny I owe. I also know that it will take the better part of my working life to do so.

    • Matty

      Don’t worry JoePa,

      its the same here in Australia.

      I am a Christian my friend, I hope that you have Christ too, I’m praying for you.

    • Richard Fishel

      That is truly sad JoePa. What has happened is that America of old is no more and since 911 this new Amerika is very evil. Student loans have made indentured servants of our young people. All the systems in new Amerika are manipulated ie. Financial, Healthcare, Education, Markets (including jobs). New Amerika wants All of us in Debt up to our eyeballs – this is how they (ThePowersThatBe) control U.S. The Bible says that “the Borrower is Servant (Slave) to the Lender.” Americans are more than ever in our history in DEBT (Slavery) and It Cannot Ever Be Repaid – It Is Too GREAT. Like the old Tennessee Ernie Ford song goes “I owe my soul to the company store” – only in our case to the Big International Banksters who own our nations debt and U.S. God bless you and trust in the Lord Jesus Christ.

  • Eric Quintero

    I wish my high school offered more practical classes. My HS was pretty much set up as a college prep school (97% of students went on to college). I went into HS thinking I would become a Doctor eventually. Then, after meeting my HS sweetheart’s uncle (a former doctor who moved back in with his mother at 45) I started learning that in the real world doctors are threatened with malpractice lawsuits regularly and have the potential of losing everything pretty much all the time.

    So after four years of an extremely heavy academic course load, barely any sleep and extreme stress, I decided to opt out of academia and just go to art school. That lasted for a semester until I enlisted in the Marines.

    10 years ago I thought I would be in medical school right now. How times have changed.

  • kathym2

    What irks me is that these people with the college education are getting the jobs that are meant for the non college educated. Where does that leave the entry level workers? They have to go to college to get jobs that dont need all that education? That doesnt even make sense.

    • El Pollo de Oro

      Where does that leave entry-level workers? Desperate people do desperate things, and as the hungry and the desperate see it, their options are: (1) homelessness, (2) suicide, or (3) crime. And as someone who has had a lot of business contacts in developing countries, I can tell you that #3 is pure, absolute hell.

  • Truth Seeker

    I noticed the problem of debt in the 80’s and decided I was going to raise my family different. I coined the phrase “public education is hazardous to your wealth”. My children were home schooled; can and do relate to anyone from 8 months to 80 years. I taught them to “stay out of debt” and “be in your own business”. Generally our fore father did just that. Today they are in their own businesses. In the end it’s what you do with life that matters. I know of children that have apprenticed in many different fields (medical, engineering) instead of going to college and have gone on to start their own businesses after meeting all requirements. Debt is such a burden to start of with; as the stats show.

  • masmpg

    College is definitely a waste of time. In our shools of higher unlearning we are taught more trivia than anything that will actually help us in the real world. With all of our manufacturing jobs and even most of the service jobs and IT jobs GONE! the only thing left for college students to learn is moronity! Trivial BS nothing knowledge for years before you can even see the actual important scientific education then that stuff is only reserved for the conformists who will use all the knowledge against US like most all the other bozos who have PHDs.

  • jakartaman

    I would agree that Liberal art degrees are a waste.
    However, scientific, engineering, math, computer, medical, etc will always be valuable.

  • a

    Why only the US its the same all over The world. All uni education is fake, a lie, to create more and More slaves, to promote gang culture.

  • Mudpie

    I am lucky to have a Ph.D. and a law degree at little debt because I sacrificed a lot. But that was a while back. NO WAY would I go into debt for this stuff. And with the Ph.D. work I learned so-called higher ed is a total scam. Even the professors joke about it!

    Community college is the way to go. But they will destroy that as well.

  • JahRW

    Man, your story sounds like mine. I didn’t take college seriously. 4 year vaca is the perfect description. Chose a major I knew I could do in my sleep, just so I could get my degree. Only difference is my folks didn’t pay for my tuition. I’m going through the same thing, with the debt of college hanging over me.

    It used to be if you got a degree, you were guaranteed a livable wage. Despite how we took college, we still got it done. Not a lot of people can say that. Now, doesn’t even matter. I wish I could go back and change my degree. My wife says I should go back to get a CS degree, but being in my mid 30s, it’s too late for that. Don’t have the time or money. Although I found a steady job, they don’t pay me a livable wage. Thankfully, my wife makes enough.

    If I could do it over, I would either get a degree that actually makes money, or not go at all. When I have children, if things don’t change, I’ll advise them that they either have to go all the way with a graduate degree that will make them money, or not go at all. The debt is not worth it, when you can start on getting work experience right out of high school.

  • krinks

    I will say that student loans should be bankrupt able. Attaching wages of people who can’t find a job is criminal. That would take care of everything. Otherwise you are creating a permanent debt slave class.

  • El Pollo de Oro

    K2: I always say, “If you can’t feed ’em, don’t breed ’em.”

  • Wally

    Hey Michael it has been awhile can you please do the latest financial/economy situations in Europe? I haven’t seen much in the news lately about Greece, Spain, ETC. Are things stabilizing or getting worse?

  • Kev_H

    I taught at the university level for over 15 years and I agree that school is a waste of time and money for many students who don’t attend with any sort of intentional purpose. For many other students it is a great opportunity of immeasurable value.

    The problem here is that some young people attend school as a(n expensive!) default. There is also the myth that if you have a degree from a “prestigious’ (expensive) institution, that you will be set, whether you applied yourself purposefully while a student or not.

    It would be a biased sample, but if you looked at students who started off at a public two year school to save money or served in the military to gain education benefits you would have a sunnier view on both sides (lower debt and better post education prospects).

    Law school seems to be an extension of the directionless undergraduate syndrome in many cases. Talk to a young person considering law school and you often sense, not a passion for or interest in law, but the vague idea that lawyers probably make good money and “I think I could do that job.”

    In defense of the education system- and I’ve worked all around from public community colleges to the Ivy League and schools big and small- they all strive to give the students what they want and lean too much to a customer service oriented approach. If students want and will pay for luxury dorms, excessive recreational facilities, parties every night, and to enroll in “Oh, Look a Chicken!”, that’s what they’ll get from the schools. It doesn’t make sense for schools to righteously offer a rigorous, low-cost education if the result is institutional demise. And if you suggest to a directionless, party-centered undergraduate that they might be wasting their time and money on their current path, you might find yourself on the hot seat with your chair or dean. It’s more important to keep everyone happy than to provide useful guidance and as it stands today, most students are happy with what they are getting, at least while they are students.

  • 68Impala

    Ironic that at the end of this article there is an ad for a college.

    My daughter was able to get 90% of her tuition via an academic scholarship. There was no way I could afford 50,000 plus to send her there. Community college for 2 years at 5,000 would have been the road traveled. It seems parents feel its a right of passage to send them away to dorm ( 10,000 plus a year on top of tution) and almost seem embarrassed to say ” my kids commuting to college”.

  • JailBanksters

    Ironically, all these unemployed people going to uni are providing jobs for all those people in the business of the Corporate Universities. Without the Unemployed, their would be no universities, and right now universities are big business.

  • John Mackerel

    The public education system corrupted by Rockefeller when he created the Board of Ed is to dumb down the masses as evident of the students in the video. I’m not saying all but the majority…

    They’re just trained well to follow the model of going to college, get a job, buy a house, etc. all the while amassing lots of debt to pay off the rest of your life.

  • Crush TheStreet

    Our recent documentary reveals the college bubble with latest statistics on attendance, debt, and federal funding

  • BillyBEAT

    Anything you can learn in college, you can learn on the internet for FREE.

  • Emily Moses

    Yes, paying for college is a waste of time. Paying for a masters degree is an even greater waste of time. “Higher education” is a racket. They want money for services that are completely useless. I’d have done just as well if not better if I hadn’t wasted 4 years in college. I’d certainly have more money, and quite possibly own my own home by now! We can’t all be doctors or engineers…

    • chwa harps

      Buying your own home is OVERRATED!!! It’s something the press-titutes try to sell because they are in bed with teh homeowner associations and banks. Just because you “own” a home, you have to pay property taxes, maintenance fees, a major mortgage, and there is a lot of other taxes in this scenario. There can be a lot of benefits to renting especially when NOT if the market crashes again

      • Emily Moses

        I completely agree with you here. When I add up the amount I’ve spent renting in the last 10 years, there isn’t a mortgage in the world that touches it (it is a very, very low number).

        • chwa harps

          What part of the country are you? I live in NYC the heart of the city – average 1 bedroom apartments here are listed for $500k and up

          • Emily Moses

            I live in the Bay Area, CA and I’ve never paid more than $375/mo in rent.

            There isn’t a mortgage in a 100 mile radius that would touch that.

          • chwa harps

            What are you currently doing for work out there? My best friend is living in Palo Alto area looking for a job.

    • chwa harps

      Emily, what part of the country/what state are you in? I’m curious about the market condition of real estate where you are.

      • Abba Okoro

        Oh I’ll answer for you.
        The Francisco bay area has one of the highest real estate markets in the country

  • TJ Ringer

    I dropped out of college after 1 year. This was in 1984. I was blessed over the past 30 years to have 3 different full time jobs and I’m 16 years at my current job in technical sales. Here’s the thing: I was able to go back to night school tuition-free to get my BBA. I was in my early 40’s when I went back, most students were mid-20’s and early 30’s. Many of them were about to spend $30-$40 thousand on the 4 year degree from this small accredited business school.

    Right from Day 1 at my new school I was overcome with despair: One of the required classes was some Business Writing/Communication class and we were going to learn how to write emails, letters, and how to use Google. Most subsequent 30 something BBA classes were just as asinine and useless, except a Business Accounting and a College Algebra class, I’m telling you, college is a total JOKE and the younger generation dumb as a rock. Almost NOTHING I learned in that school had to do with the REALITY of working at a real business. I got my degree in the end, but my God, I would never have laid out any money to go through that. I felt bad for some of my classmates who took out big loans to pay for it. The college touted its awesome “jobs placement” program but I found out later on that it was a complete scam.

    We’re doomed as a country and there’s nothing we’re going to be able to do to stop it.

  • Seen2013

    Many college students go to college to party rather than for higher learning. One thing a book and movie symbolizes in the character’s quest to become a real boy was that when the party is over; the ringleader would enslave the partiers and make them work the mines. In the movie, they became donkeys aka debt donkeys for the privilege of the party.

  • Maciej

    Right after HS I went into the air force and after 4 yrs I learned more in my career field than what I see being pumped out of 4 yr schools, these people these days are too childish and immature at work and makes me wonder what are these schools teaching these days. Makes me want to go to my HR dept. and tell them to their face to quit hiring these people, they are not ready for the world of work. I had one stripe airmen more mature in the service than what I see being hired by my company with most of those people having their BS degree and even some masters degrees.

  • Leslie Ragan

    How absurd to ascribe a simple financial equation to my college experience. I came from a small town in rural ‘murica with mediocre secondary schools. The liberal arts college I attended blew my mind, in a very good way. I learned so much and made so many contacts that are still relevant to me 28 years later. Post high-school education is 100% what you put into it, and with few exceptions, if you want to get value out of the school you choose, you can. I obtained an independent major called “Philosophy of Cognition”, a synthesis of philosophy, psychology and anthropology. There certainly was no job waiting on the other side for this sort of degree. But it certainly did teach me how to think critically and learn new things. And those four years also taught me about punk rock and reggae music, about medieval art history, social justice and cultural evolution, about sexism, homophobia and environmental justice, etc..
    Since then I’ve driven a cab, commercial salmon fished in Alaska, counseled in psychiatric hospitals, installed irrigation systems in gated retirement communities, the list is long and varied. I have spent the past 14 years teaching myself civil engineering and am now a professional consulting engineer with a generous, but not gluttonous, salary. No economic equation can provide sense of such a life. My undergraduate education was a kick-starter for my amazing life, a life worth living, and there is no dollar equation that comes close to reflecting the value of a genuine education. If it does come down to a simple return on investment calculation for you, if your life can be reduced to a financial equation, then I agree, don’t go to college. Follow the dollar sign. Sell cars. Sell fancy cars and yachts.

  • dooder

    I worked in Afghanistan for several years to pay for school for two of my three boys. Oldest boy, no schooling making 12 an hour. Middle son graduted college laid off from his $11 an hour temp job Friday, degree is a dual business management / international studies, my cost about 16,000. Youngest son working on his CNC machinist AA dregree, my cost about 6,000.
    So pick your degree wisely. My advice is go after the harder technical degrees. Parents need to engage there kids and avoid loans at all costs. Use local community colleges and local cheaper universities.
    My costs are just for books and classes, doesn’t include, car parts, gas , insurance, World of Warcraft account, Internet, computers etc.

  • SoF

    Not just in America. Anywhere that is first or second world the college degree is at best overhyped. Economic realities means companies prefer cheap graduates from third world nations thanks to ‘globalization’ and ‘free trade’ and the non-leaders in leadership positions lecture us that we are not working hard enough.

    Its not about working hard enough. The bloody system isn’t fair and doesn’t care about you. The government authority doesn’t care about your well being, but cares about how much money they can steal from you until you die.

    The system in the end wants angry, frustrated people who are as such from the expectations they were led to believe were achievable and then ‘reality’ paints a different picture in terms of a job more for low educated types. Then they express this anger to others, and when they do snap the jail cell or mental institution is waiting for them.

  • Orange Jean

    One thing I would recommend … consider taking a few years after high school before deciding. Why? You’ll get some experience what life might be like for you without furthering your education … and if you decide to go, you’ll likely be more mature and better able to make good choices about things like what to major in, what classes to take, how hard to work at it, etc.

    Why ever would you think life is made to be easy? From my experience (and I am 63), life is hard… and there are many difficult choices to be made. What do you want to be when you grow up? Do you want to marry? If so, is the person you met the right one? Should you have kids? Where should you live, etc. etc. Hard choices are what makes us grow up! And when and if you make a mistake, what are you going to do about it? Life’s choices test us and can help us become better people… or worse. And I don’t think it ever ends, until we die.

    I don’t think there is one right answer for everyone. For me, going to college turned out to be a blessing… because without it I could not get a job with enough earnings to support myself and my son. I started at age 30, when I had reached my pathetic “peak” earnings without it and was so bored with my job I was starting to feel suicidal (this is my LIFE?). I needed a chance to change and I got it. It was not easy… raising a teenage when I was studying plus working part time and had at most about $550 a month to live on (mostly borrowed money). The summer between my two years of grad school I had a nervous breakdown, worried as I was about ever being able to get a decent job and whether I just threw it all away. Somehow though I got through it… and found a not great paying (20K a year as a data manager for a medical research project) but different from the work I was doing before I started school… and at least related to what I was trying to do with my life. In the end, it took me 13 years to pay off my student loans; 6 years to find work in the field I had decided to go into… and another 10 years to get the actual job title I wanted in the first place.

    Was it worth it? Monetarily, yes… as I now earn almost 4x what I was earning before I started school and have been able to keep up with inflation. Was it interesting? Definitely so! Am I bored on my job? Nope! The downside? Of course there are some… I found out the field I went into is full of nasty, cut throat people. Wish I had figured that out earlier and maybe chosen something different. But I don’t regret going to college.

  • unknown

    The best part of this article is the end. Where there is a advertisement for Brown Mackie College.

  • EyemNotFree

    Higher education is a waste of time and money. I am still trying to pay for my pell grant from 1984. Don’t let the department of education destroy your life.They still will not remove the inquisition device out of my back. Everything they taught me about the US constitution was a lie.
    Violently overthrow the US government

  • Raul

    I dropped out of college when I was 21 and it has been the best decision I have ever made. Street smarts will always out perform school smarts. Not to brag or anything like that because all of our lives are different but I live and eat better than the valedictorian of my high school graduating class. I really hope people start waking up and FAST!

  • N_Disnye

    Post WWll, college was not for everyone, just those who wanted to better themselves.
    Most times it involved day courses or night class, the former sometimes subsidised by the employer, the latter for personal betterment.
    These days it has been added to the list of rights demanded as basic further education, interpreted by most as extended skiving and having fun.
    Those who really apply themselves are worth their weight in gold, but the system rarely supports them.
    Perhaps a return to a more rigid result based system would reap the rewards to all that is so needed today.

  • Bruce

    With the exception of medical, engineering or computer sciences field, college is a complete and costly waste of time. Saddled with debt that will cripple your future. Institutions of higher learning has screwed our young people. Greed has ruined this world!!!!!

  • Shelby

    I do believe that once upon a time institutions of higher education mattered. I honestly now believe that many of the degrees offered are merely clever manipulations of colleges and universities. We don’t need more lawyers, social workers, or sports psychologists– but the professors need students in order to keep their cushy jobs and esteemed titles. People who work at Burger King or who pick up our weekly garbage offer far more service to humanity than professors do. And I suspect that 200 years from now, those of us who persisted in the educational charade will be known as ‘the fools.’ There is also the serious issue of grade inflation– more proof that the system of higher education feels the need to justify their existence. It is every bit as corrupt as politicians and the mafia. I’ve lost all respect for our current system of ‘higher education.’ I’m sorry I ever gave them a single dime.

  • Drew

    Michael, here’s a topic I would love to see investigated and covered: Huge percentages of college students are totally unfocused on school and academics in favor of parties, drinking and college sports. Mobs of them need to be met with police intervention. Two recent examples off the top of my head, search Google for (omit the quotes):

    1) “msn Pat’s bash erupts”

    2) “msn police pepper spray students game”

    I can’t possibly see how these “students” are in any way productive.

  • Jackie

    To a certain degree I believe that it’s a waste of time, and MONEY. I belive that ‘Real Life’ should be taught in many ways. Such as real life reading, writing, math, finance, markeing, science, computers, literature about today’s events. Learning about time, money management, parenting, leadership, and.real life communications skills. It shouldn’t cost an arm and leg to get an education. It doesn’t take a lot of unnecessary college courses to do most jobs. Real life situations, events, and technology is important.

  • Piglet

    “These are the leaders of tomorrow?”

    No, these are the sheeple of tomorrow. For those in government now, this is excellent. They can do whatever they wish and no one will notice because, as one girl in the video says, “I’m not into politics.”

    “And our college students are discovering that when they do graduate that they are woefully unprepared for life on the outside.”

    This is very true. For many years after graduation, I and other college grads would joke about how little or nothing nothing we had learned in college was of any use to us, and that first decade after graduation was spent as a USAF officer. A degree was required for commissioning but that’s where its utility ended.

  • guguciao

    My niece wants to get a BS in Anthropology… I really hope it works out for her….

    I myself would rather invest $1,000 in buying books about Import / Export, Advertising, Marketing and Copywriting.

    • Orange Jean

      Not a worthwhile degree, I can assure you. I got a BA in Anthro, had to go to grad school (in another topic) to have a snowballs chance in hell to get a job.

      NONE of the people I personally know from my old Anthropology department (including PhDs) who were not already professors when I went to school in the 80s ever got a decent job because of the anthropology degree. Just sayin’! However, if your niece wants a full indoctrination into “Marxist-Leninist” perspective on anything, that’s the place to go!!

  • Paul Waliser

    Boys getting education in the “testosterone” trades of welding, plumbing, mining, electrician, carpentry, and masonry are turning out to be the real winners in income. Too high of a percentage of foreigners are needed to fill the jobs in these sectors since our feminized society has stigmatized any job field where you can get your hands dirty. The trade schools are very affordable and usually can be completed in 2 – 3 years.

    Going in to debt for 50,000 is insane for those degrees in feminist literature, et al. The graduates in the liberal arts come out with so much debt and end up as the typical Obama Occupy Wall Street voters.

    Our lame, less manly society has done a number on my 16 year old son as there is no way I can talk him in to going taking on one of the high earning trades listed above. He wants business management.

  • Rob W

    Two universals that probably won’t change: When people walk into a dark room, they want to flip a switch, and have the lights come on. When they do their business, they want to hit a switch and have it all go away. I tell my boys this all the time.

  • Frosty Wooldridge

    As a graduate of Michigan State University, I am profoundly thankful for my college experience. If not for it, I would still be milking cows on the farm. Instead, I traveled the world, I wrote over a dozen books, I think broadly and deeply. A college degree creates critical thinking, understanding and moves a person’s mind toward greater understanding. We need intelligent people in the USA and around the world. Unfortunately, the USA suffers 42 million functionally illiterate people and another 50 million cannot read past the 4th grade level. We face 48 million subsisting on food stamps because they lack an education that prepares them for work. Yes, we need college-educated citizens to drive this civilization positively forward. It takes an intelligent citizenry to sustain a free society. Frosty Wooldridge, 6 continent world bicycle traveler

    • Matt

      I don’t think you are giving yourself enough credit. The degree doesn’t make you think broadly and deeply — its you. Your either got it or you don’t; sadly most don’t.

  • Anonymous

    Universities are guilty of consumer fraud. In addition to charging outrageous sums, loan officers trick broke students into going deeply in debt.

    The consumer fraud doesn’t end there. Why are career-oriented courses taught by people with no real world experience in their alleged fields of expertise?

  • It all depends on how you approach college IMO. If you go in not knowing what it is you would like to do and expect to graduate and find some million dollar job, then you are kidding yourself. Researching is always a good idea, like krinks points out below, he owed in college loans as much as he made in one year.

    Researching the job you are looking for and the pay scale compared to the debt in college loans you will accumulate can really help you make a better educated decision.

  • Ricky Ricardo

    In 1995 I just finished senior college – but no job. I went to vocational school to train to become an ultrasound tech. Here it is – 20 years later – and after 4,000 resumes – no job in any hospital or clinic was offered to me. None. I paid back the $6000 loan working as a telemarketer. F…k!

  • Ricky Ricardo

    Here in Illinois, ISAC doesn’t give a f…k that you can’t find the job that you trained for. All they want is the money and if you have to pay it back flipping hamburgers – they don’t f..k…g care! Nor will they warn, beforehand, that student loan debt is one TRILLION dollars. They remain mum about that- the!

  • Ricky Ricardo

    If you try to get out of your student loan debt by suing the creditor – the judge will refuse to hear the case, and then order an out-court-settlement – which will leave you with the same debt that you had before you came to court.

  • Ricky Ricardo

    There is a TRILLION dollar student loan debt for one simple reason. While you’re in school studying or training for that job you so very much want, U.S. employers are GOING CRAZY outsourcing, H1-B visa in-sourcing, and automating all the f..k…g jobs that can get their greedy little hands on – including the one you’re studying for right now.

  • Ricky Ricardo

    If you’re 21 years old, the next 50 years for you will be like this: You will work at 25 different slave-wage jobs for 25 years, and, you will be unemployed for another 25 years. When you’re 65 or 70 you will get social security, rent vouchers, food stamps, energy assistance vouchers, Medicare, Medicaid, church food pantries, a free bus pass, dollar stores, and a free federal cell phone. Nice life, huh?

    • chwa harps

      Why you being so negative? Yes there will be significant pain ahead in the labor market from technology advances and automation. There will always be jobs available for CPA’s, Lawyers, Doctors (there’s a shortage), manual labor such as mechanics, engineers, and software developers.

      If you graduate with tens of thousands of dollars in student debt/loans, you’re inheriting a life of slavery. HOWEVER, there will come a point in time when tuition costs are FORCED to decline due to it being unaffordable. College tuition has surged ahead of inflation for 30 years straight and we have over 1 TRILLION in student loans outstanding, it’s simply unsustainable and the bubble will burst.

      Sallie Mae and all of the private student loan guarantors will be forced to take a loss. Granted they will likely be bailed-out since we live in a crony capitalist system but no less tuition costs will decline and the pain from the default will hurt.

      There is a future but it’s outside of the traditional system we live in. You need to find a source of income that suits the style of living you want. The solution is to move offshore where life is cheaper and quality of life is better. Take your negativity and shove it

  • I think a college education is a good thing to get if you can afford it. Also, if you get a degree you can use. I have a degree in music which I use to teach in a public school. It has provide me with a nice life, though it has not made me wealthy. I always questioned my fellow students who were getting a music performance degree. Why get a degree to be a performer? Just go and practice, perform, and study with the best teachers you can find. If you get a degree get it in something you can use if performing doesn’t pan out. I would add today, don’t get a music degree to teach. One, it’s not all what it used to be. Two, there are fewer and fewer positions for music (especially in progressive states like California).

  • hon788

    College is very important and can help one think better.
    Many college are only 16 bucks a credit, that’s right 16, just stay away from large famous schools.

  • JWT

    While I will agree that for the most part, college is no longer a good investment, I don’t agree that the quality of education is poor. This is a ridiculous assessment. Most of the world disagrees with this statement, and the fact is that the top engineers, scientists, and doctors are produced in US universities. Not knowing a current US Senator is not a criterion by which to judge the US educational system. I myself, while in college, did not have TV, the internet was just coming of age, and didn’t subscribe to a newspaper. As such, I did not even know in the middle of 2000 that we were in the middle of a stock market crash. Why? Because I was busy devoting myself from sun up to sun down to learning biochemistry, not the current situation in US politics. I now hold 4 patents, but probably can’t name 2 US senators.

  • Kristen Marie Embler

    I most certainly do agree that tuition rates are absolutely outrageous, but lowering them can’t really save this country now with the state it’s in. Yes, there would be less of a sticker price to attain a degree and more people would be able to go, but that won’t bring the outsourced jobs back. There are very few good paying jobs now in sharp contrast to thirty-forty years ago. The only ones that are being created now on a fast rate is at or around minimum wage level. We will have an even more saturated job market with very few good paying professions seeing that a graduate from India is of higher value to greedy corporations due to the fact that someone over there would accept $8/hr instead of what your average American wants.The more money these CEO’s save from slave labor over there, the more jobs will continue to go out the door in the U.S. It’s a lose-lose situation that was planned by the 1% from the get-go.

  • davidmpark

    Your worldview may be finite. I’ve studied: the real world is renewing itself constantly. There is more than enough for the current population.

  • the truth

    It’s not worth it at all, unless you major in something that big business has a need for at the time. I got two MA’s, two BA’s, plus a minor, in an attempt to make more than I was working the blue collar job I had at the time. After eight years of changing majors to suit the constantly shifting teaching degree requirements, and after having taken out over one hundred thousand dollars in student loans, I am now having to enroll in trucking school to make a living–something I could have done eight years ago, before taking out the huge loans. Take it from me: don’t bother unless you are independently wealthy, and are learning for intellectual stimulation, or are interested in one of the majors that big business requires, and can finish before the field becomes saturated.

  • Charles McPherson

    Part of the problem is that students are setting unrealistic career goals: the Department of State, the District Attorney’s Office, Wall Street, the United Nations, and not thinking of the steps to be taken to get there.
    So we have kids shelling out tens of thousands of dollars at the universities they attend, working unpaid internships, thinking it will get them ahead in the world, spending another ten thousand dollars on an internship/study abroad program in Europe or Asia, and graduating to find that there are not any jobs available. A better path to take might be to have moderate career goals for after college, such as being a teacher or a nurse, and then working up from that point.

    This kind of desperation is exactly what the universities prey upon; they know you want the big-shot job when you graduate, so they’ll con you into parting with more money to get what only appears to be an “edge” on the competition, knowing that your money is just as green as somebody else’s and that it doesn’t matter whether or not the program paid off for you in the end.

    So, students, myself included (I’m at the University of Utah now, and the education one receives is laughable) would be best served to set modest goals for post-graduation in order to service student debt and then go to grad school to land the dream job. Remember, a fool and his money are soon parted.

  • Big Iron

    I’m actually currently attending college, albeit a community college, but never the less, I am seriously doubting the value of it anymore. I have 45 credits under my belt, and I just cannot find a reason to justify staying in for more credits and a fancy piece of paper, for the career I am pursuing, which is law enforcement. I’m about 10K in debt already and have literally only been able to take ONE class related to my chosen field. Everything else has been classes that I have taken in High school, with the exception of two elective classes. What was the point of going to HS if I am just going to have re-take all of it, and have pay for it ten fold the second time around? And then, to add insult to injury, I am treated like a number, extorted from, and even if I do get a degree, it likely won’t matter because these days the best way to get a job is by who you know, not by what you know.

  • chloe

    You wouldnt get an opportunity without an education…But its an opportunity….not a guarantee….Its like a casino…or a crackerjack box…you cant win unless you try….But trying doesnt mean you win….especially if its rigged…

  • James

    Take the money you would go to a college with and buy land. Learn how to farm, or do Permaculture. You will be able to stay self employed, sell your products, and feed yourself and family. Learn farm trades such as black smithing, agriculture mechanics, bee keeping, horticulture, Etc. You won’t get rich but you will eat and enjoy an independent life.

  • I don’t think I agree with this. College is important but in order to be not just a waste of time and money then it is better to use time in college carefully.

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