Is college becoming an ever increasing scam?

This exactly what I am suspecting, if the government can pass the law to give every students their loan, it can also make a restraintion on the cost of college, the government just don't want to do it a thing about it. The government is doing everything it can to destroy our life in every possible way.

I heard Norway provide free college to its people, don't know if we eventually have to move out of the country to search a better life. The thought of it hurt my feeling.

 

Most of the folks running our government went to college...How's that working out?

 

What a terrible society we live in. What a terrible timing. I am lost too. Not certain of my future and my retirement.

I certainly would not get myself in hundreds of thousands in debt just to get that piece of paper.

In the video, there is a lady, not only did she deeply in debt with student loans, when she went bankupt, she can't even practise on some of the patients.
The government get take your license away if you don't pay the debt, this is most scary.

 

This is another scary thing, look at what kind of people we produce through our college?

Crabs!

The college here don't produce quality people for the good of our society.

 

Btw, student loans are not dischargeable in bankruptcy. These loans follow the borrower around for his or her entire life. The only way of escaping from the burden of student loans is death.

 

How about moving out of the country?

 

OR they could PAY them off....

 

Not if the loan amount like hundred thousands of dollars with interest rate under such terrible economy.

 

A judgment would be taken by the lender, and under treaty could be enforced overseas in all other countries which have signed the treaty permitting the enforcement of foreign judgments.

 

That's right. But first one must find a job.

 

The average student loan amount for a Doctorate is about $45K. Bachelor's = $17K, Masters=$30K....

Those are only ball-park averages, the main criteria is the institution the student attends which can vary by 10's of thousands of $ however, if one attends the 'right' institution based on one's planned career, the money spent on tuition may be more than recouped because degrees from certain institutions elevate the entrance-level in that chosen career.

I'm not sure how we go about changing the 'good-old-boy' college network.

 

College is one massive scam. I have 2 school loans and no degree. For the amount of money I have paid back now I should have been given my degree for free....with a candy bar. My point being....college is more about schools profiting then the success of the students. It's a massive joke anymore. Yet here I am registering again for the fall semester.....we're all suckers lol.

 

Well, they shouldn't be treated like internatinal criminal..........

 

If there are job guarantee, I may think it is worth it, but still too expensive.

 

I hear ya....However my point is that one is not going to get any better education, just better opportunity due to name recognition of the institution. That is what you are paying for...not the actual education so much.

Example: You want a law degree...Top schools are: Yale, Harvard, Stanford & Columbia. A degree from Yale (#1) is going to give you a HUGE advantage because of the institutions reputation. You can get a law degree on line but it won't have anywhere near the clout.

Like I said, it is a good old boy network.

 

It's like buying a pass to enter the elite.

 

This video is right on and I am glad I did not go directly to college straight out of high school. My sister for example went to school for six years and obtained her masters in Sociology (pay tops out about 40k a year) ,and even with tuition assistance she left school with over 50K in student loan debt before she entered the workforce full time in her field and she will be paying those loans off into her mid forties. We are feeding our kids this line of crap that they need to "experience" college and finance every part of it before they enter the workforce for a field they might not even like to do. Also, these Universities are requiring classes that have absolutely nothing to do with your major for the sake of having a "well rounded education," which is nonsense because that is the point of high school and a waste of 2 years. Next, these kids are being led to believe that a degree entitles them to a well paying job when that is clearly not the case (just go ask how many unemployed people have a degree). Another thing we neglect to help teach these kids are about these well paying degrees and the other 20 million people getting which make these fields highly competitive and much harder to get a job especially in a down economy where employers have no time to train and only want experienced workers only. I would not discourage anyone who wants to go to school ,but we should help educate kids in high school about how expensive school is and find other ways to pay for it such as pay as you go, military service, or any program that will pay for your college for some type of trade off.

 

I knew what I wanted to do with my life at a very young age...most people don't think about or plan for the future and hold jobs all of their lives, but never have a career. For those that do choose to attend college, know what you want to do with it ahead of time...there are cheaper ways to self-discovery than college.

 

Aside from the controversy whether or not college graduates are somehow more intelligent than non college folks.....Graduating from ANY college with a degree can give one with no job experience a 'leg up' on others with no such degree because, at a minimum, it shows a perspective employer that you are willing to apply yourself and get the job done. Getting a degree from a prestigious institution will give you a 'leg up' on others with degrees from 'lessor' colleges. It's all about perception and also meeting the 'right' people.

 

While it isn't for everyone, the military can really make this a non-issue. Through a combination of the GI bill and scholarships, I'm attending one of the most expensive private colleges in the country for absolutely nothing. Between the school and government, I'm recieving in excess of 200,000 dollars in benefits. I'll graduate at 26 with no student debt, quite respectable savings, and four years of unique work experience.

 

That is awesome...Thank you for your service.

 

College is one of the largest scams for lazy educators who do not have the work ethic for a competitive job in the real world. So they sell you the idea of college to make money.

Fact is you pay money to college, and the book publishers for crap that you can learn on your own. If you have no ability to get a scholorship or sponser for college, you do not belong in college.

There are other professions like State Gubment work that will get you sixfigure incomes. But you need to wark hard and do overtime. Union jobs will net you as much money as a papered diploma social worker, nurse, accountant, computer programer, TI specialist, bottom line engeneer, and teacher.

If you have a scholorship, or had worked you butt off to save up for college, than you should attend college and pursue your goals.

If you borrow for college or suck off your parents for college, than you do not deserve to go to college. After all you do not have the cognitive ability to understand the material, and it only dumbs down the professions of real professionals.

 

There's nothing wrong with borrowing to go to college. Some people love to learn and/or choose professions that will eventually pay off in the long run (CS, Engineering, Finance, Accounting, Nursing etc.). The issue is unrealistic expectations upon graduating. While some history/english majors are content making 30k a year while paying off their debt for a decade, many unrealistically expect the "big bucks."

With a little common sense you can attend a Community College for two years and then transfer to a State College to get your degree. If you did this while working a reasonable amount, you could get out of college with rather insignificant debt.

Also, the high paying blue collar union jobs are often very competitive and subject to major lay offs. An accountant from a decent school with a CPA designation has a lot more job stability and the potential to make A LOT more than a blue collar union worker. The same is true of nurses and some other professions. When you add in the other tangibles like working conditions, career longevity, and intellectual stimulation, for some people it makes sense to go into a lot of debt. The only caveat being that they understand the realities of their situation.

Where I think America needs to put more emphasis is the so-called "trades." Plumbers, electricians, carpenters, X-ray techs, basic IT/web design etc. are all offered at Technical/Community Colleges and provide that middle ground between the uneducated factory worker and the white collar professional. These jobs often aren't easily exported overseas, as unskilled manufacturing jobs are, and fit into America's new post-industrial economy.

 

Only mostly.