Tuesday, December 13, 2011

School Ain't what it Use to Be

A Bachelors degree at a 4 year university is no longer worth the $25,000 investment.  Instead of preparing the next generation of leaders for the jobs of tomorrow a 4 year university degree college has become a finical black hole that most people will NEVER pbe able to pay back. 

High school students have it drilled into their heads that they MUST go to college!   It USE TO BE true that a college education WAS worth the money.  The fact of the matter is that the quality of education at America's colleges and universities is ranked just above West Nigeria in SAT scores.   The thing NO ONE is talking about is that there are way too many college graduates and not nearly enough quality jobs.

In the USA there are millions upon millions of Americans that are enslaved, FOR LIFE, to student loan debt.   The cold hard truth is that 98 percent of  college graduates with a bachelor degree just bought a ticket to a crappy low level job. 

Disturbing Facts about a College Education  

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

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

3) Over the past 25 years, the cost of college tuition has increased at an average rate that is 7-10 percent higher than the average rate of inflation.

4) The cost of college textbooks has tripled over the past decade.

5) The student loan default rate has doubled since 2005 and will soon triple.

6) 15 percent of all students that graduate with student loan debt end up defaulting within 3 years of making their first student loan payment.

7)  Federal statistics reveal that only 40 percent of the full-time students who began college in 2001 received a bachelor's degree within four years.

8) 33 percent of college grads end up taking jobs that don't even require college degrees.

9) In the United States today, over  100,000 janitors that have college degrees.

10) In the United States today, over 450,000 waiters and waitresses have college degrees.

11) In the United States today, over 360,000 cashiers now have college degrees.

12) Today in 2011 there are more then 8 million college grads under 25 living with their parents because they have a diploma, but can't find a job.

13)  Since the year 2000, incomes for U.S. households for the ages of 25 to 34 have fallen by about 12 percent, while college costs have increased by 50 percent in the last ten years.

14) The only way 99 percent of college grads will be able to pay off their college loans in their life time is to win the Lottery.


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