Student Loan Defaults Keep Rising
Regular readers of this blog know that a subject I hammer on repeatedly is the high cost of college and the dubious return on investment that brings for many college graduates – even worse for college dropouts. If you’re in the mood for a review, check out this blog from last August. Bringing me back […]
Reason #6 Why College Is A Lousy Deal
My past five blogs have explained why I think college is not a good idea for many of you reading this. A short summary of those reasons are: 1. The market for college graduates is saturated. 2. Grade inflation has diminished the quality of a college degree. 3. College education has morphed into indoctrination. 4. […]
Reason #5 Why College Is A Lousy Deal
This reason escapes a lot of peoples’ notice. Most folks make a distinction between college and vocational education. They think of them as separate entities, i.e., higher education versus learning a trade. Even worse is the widespread conviction among the general public and high school advisory counselors that college is for smart kids while the […]
Reason #3 Why College Is A Lousy Deal
In my last blog, I identified grade inflation as Reason #2 why a college degree doesn’t mean what it used to. I explained that grade inflation started with the anti-Vietnam War movement of the 1960s, when college students were exempt from the military draft and sympathetic professors inflated grades to keep their students from flunking […]
Reason #2 Why College Is A Lousy Deal
A college degree doesn’t mean what it used to. In my last blog I explained that one reason is because so many people have college degrees nowadays (33% of American adults, vs. just 5% in 1940). As a result, some 37% of recent college graduates are working in jobs that don’t require a college degree. […]
Debt Till Death
Do you love your Mom and Dad? There are exceptions, but I suspect most people reading this would answer yes. If you do, do them a favor. Don’t put them in such a hole supporting your college education that they have to struggle in retirement. Unfortunately, millions of America parents are facing a miserable time […]
College Enrollment Continues To Drop
January 10, 2017 But vocational enrollments are up. Regular readers of this blog know that a consistent theme to my articles has to do with the fact that vocational education in a skilled trade is a worthwhile alternative to college for mechanically minded individuals. That message seems to be getting through to society at-large. College […]
A Lifetime Burden
July 12, 2016 Student debt can stay with you forever It was chilling to read a recent Wall Street Journal article detailing what can only be called a crisis with student debt, most of which is owed by college graduates or, worse, college dropouts. The article (subscription required) said that 43% of some 22 million […]
College Grads Are SO Underemployed
February 5, 2016 Go to college if you like retail sales! Did you know the one out of four retail salespersons has a college degree? So do almost one out of five telemarketers, one out of six bartenders and one out of seven waiters/waitresses. Is that because these jobs have gotten so complicated they require […]
College Is Not Worth the Cost!
October 27, 2015 So say recent college grads A consistent theme of this blog has been that debunking the myth that you have to go to college to achieve financial success. I’ve written about the lack of jobs for most college graduates in the fields they study, about the skyrocketing cost of college and the […]