Why College Is A Scam?
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College is regarded as an investment. You are investing in your future for better rewards down the road upon graduation. You are told time and time again that you will make more on average, than someone without a college degree.
Many of us who are investors, we look at past investments to see what return on investment we experienced. How we would do things differently with hindsight. Well, college has not given a good return for hundreds of thousands of graduates since 2000. In fact, many will agree it is a scam.
Promises to Students By attending college, you will have the opportunity to obtain a degree that could help you in your career. You will expand your intellect and grow your mind through a diverse set of challenges, exams, and problem solving.
If you are one of the lucky individuals, you will actually learn a few helpful things that you can apply in a job that is preferably above average when all is said and done. This is an attractive trade-off, right?
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The Conditions Unless you are on a full paid scholarship, your investment will differ, based on perceived “quality� of degree, with an average amount being close to 100k. This is payable on a quarterly or biannual basis, for at least four years.
For the majority of students, the tuition and housing expense is not a roadblock because there are hordes of companies willing to lend you money for this investment, subject to their terms and with normally higher interest rates. Currently rates are around 6% while mortgage rates are 3%. Many graduates are still repaying their college loans 10 years after graduation.
Aside from the investment, your coursework will demand that you allot about 30-40 hours per week, without any salary. Again, this will vary based on your degree, but generally requires a It is a minimum four year commitment that this will persist. Most students do not graduate in 4 years. So, it usually becomes 5 to 6 years which will increase your debt if you take out more student loans. Unfortunately, it is more time that you are not learning any real-world skills or receiving a full-time salary. At least the scam is being lessened by you gaining some realworld skills that make you look more attractive to potential employers. If, at any time, you do not meet the expectations established by your professors, the conditions will be revisited and will probably require additional payment and your time, 3
along with your degree being withheld indefinitely. Ready to enroll today?
3 Big Reasons Why College Is A Scam!
1 Costs Are Too High! With tuition costs continuing to rise with no end in sight, it really is just too expensive to attend college. If one were to take the median cost of tuition, lost pay while attending college, and the gap between the average pay of a high school grad and a college grad, one needs around 10 years of working following graduation simply to break even.
Although, some other rising cost items were omitted from this figure such as housing, expenses for books, and interest on your education loans. Yes, indeed. A college education is big business. I suggest taking a close look at how much money will be required to be spent and borrowed, compared to the monetary benefits that will result from the degree.
2 College Is Not Mandatory! Some people we have all heard about like Bill Gates, Michael Dell, Mark Zuckerberg, and a host of others are college drop outs. If your personality is one 4
that has some great ideas, self-discipline, persistence, and are well-organized you can still success without going to college.
People nowadays, can self-educate themselves with the internet. After all, most of college is research in libraries and doing well on tests. College does not guarantee success or a high paying job anymore. Since 2009, 44% of college graduates are either unemployed or have jobs that do not require jobs.
3 College Holds Back Your Career Success! It is extremely rare that you hear about someone who successfully started/ran a business while going to a 4-year university full time. The truth is, most people feel their college years are a time to have fun, cram for tests, and experience some independence from their parents.
While this may be good in its own way, it puts any professional achievements on the backburner. For those who are selfmotivated and looking to work hard, putting 4 years of your time into a business or a career is much more profitable for at least 10 years and maybe much more.
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Resources
http://www.youtube.com/watch?v=Mk_YLrSr2p0 http://www.foxnews.com/opinion/2011/07/06/college-scam/ http://www.nerdwallet.com/blog/education/common-collegescams/ http://www.collegeworkspaintingohio.com/student/scam/ http://www.cavalierdaily.com/article/2006/08/college-workssuccess-or-scam/
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