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The argument that the US college system is largely a scam
Posted on 10/26/18 at 10:33 am
Posted on 10/26/18 at 10:33 am
This 5 1/2 minute youtube video from John Stossel looks at US higher ed with a critical eye. Is today’s system a scam?
LINK
LINK
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Posted on 10/26/18 at 10:36 am to weagle99
I mean yeah college Textbooks are like $340
Posted on 10/26/18 at 10:37 am to weagle99
It’s a scam depending on what your degree is in
Posted on 10/26/18 at 10:37 am to PolarTiger
Yeah but they will buy them back from you for $5 at the end of the semester.
Posted on 10/26/18 at 10:39 am to weagle99
quote:
Is today’s system a scam?
Absolutely.
Posted on 10/26/18 at 10:39 am to weagle99
Stossel does put some good stuff together. Agree with him or not.
I would say it's a scam since they churn out people not ready for work. A company needs to train way to much out of the gate in basic stuff, so hurts pulling the trigger on one.
I would say it's a scam since they churn out people not ready for work. A company needs to train way to much out of the gate in basic stuff, so hurts pulling the trigger on one.
Posted on 10/26/18 at 10:39 am to weagle99
My engineering degree and my wife's nursing degree seem to have been worth the time and money. Her previous sociology degree though 
ETA: Not really sure I'd qualify any higher ed outside of for profit institutions as scams. Some people are really just interested in learning and know that the education isn't preparing them for a certain job.
ETA: Not really sure I'd qualify any higher ed outside of for profit institutions as scams. Some people are really just interested in learning and know that the education isn't preparing them for a certain job.
This post was edited on 10/26/18 at 10:46 am
Posted on 10/26/18 at 10:39 am to weagle99
It would have been pretty tough to study physics on my own. I could have bought the books, but it would been pretty tough to stick with doing problems all night long a couple nights a week for a few years just for the frick of it.
Posted on 10/26/18 at 10:40 am to weagle99
I think the emphasis needs to be shifted from the "prestigious" school to one where you can get the degree cost effectively, and you know what you are doing. Students feel a pressure, sometimes with reason, that their business degree from Florida Atlantic won't impress people as much as a business degree from Harvard. It should be about what you do versus the name on the piece of paper.
Posted on 10/26/18 at 10:42 am to HailHailtoMichigan!
quote:
It’s a scam depending on what your degree is in
Correct.
Posted on 10/26/18 at 10:44 am to weagle99
quote:
This 5 1/2 minute youtube video from John Stossel looks at US higher ed with a critical eye. Is today’s system a scam?
Government backed student loans and college tuition is a scam. Frickers just keep raising tuition due to guaranteed money for uncle sam.
Posted on 10/26/18 at 10:49 am to someLSUdoosh
quote:
Government backed student loans and college tuition is a scam. Frickers just keep raising tuition due to guaranteed money for uncle sam.
Yep. Kids not old enough to vote, consent to sex, enter into a contract, purchase a beer, gamble, etc are allowed to sign themselves up for $100k worth of debt that can't be discharged through bankruptcy. Sounds like a scam to me.
Posted on 10/26/18 at 10:50 am to weagle99
The "scam" is really in the fricking textbooks.
The problems with return on investment show up in a couple of places. The rise in tuition to support bloated administration and turning schools into resorts (Fed Student loans play big role there). Also, there's this expectation that college should be job training when the point really is to go learn stuff. Learning how to learn, thinking differently through exposure to different disciplines, time management, development of social skills, ect. The company then should train you for what you actually need to use for the job, with the skills picked up through studies to facilitate the quick application of the training.
Schools should be moving mostly online imho. Lower the overhead to reduce costs.
The problems with return on investment show up in a couple of places. The rise in tuition to support bloated administration and turning schools into resorts (Fed Student loans play big role there). Also, there's this expectation that college should be job training when the point really is to go learn stuff. Learning how to learn, thinking differently through exposure to different disciplines, time management, development of social skills, ect. The company then should train you for what you actually need to use for the job, with the skills picked up through studies to facilitate the quick application of the training.
Schools should be moving mostly online imho. Lower the overhead to reduce costs.
Posted on 10/26/18 at 10:54 am to Duke
hint: books are also covered by student loans. If they weren't, then their prices wouldn't be skyrocketing like tuition.
Remember, student loans can also be used to pay for housing, and you would be naive to think that doesn't have a profound impact on the real estate rental market.
Remember, student loans can also be used to pay for housing, and you would be naive to think that doesn't have a profound impact on the real estate rental market.
This post was edited on 10/26/18 at 10:56 am
Posted on 10/26/18 at 10:56 am to weagle99
Yes, it's a huge scam, but you won't find the Democrats trying to stop it. They have 2 many professors, voters involved and caught up in the scam.
Posted on 10/26/18 at 10:59 am to weagle99
Depends on your degree. People in engineering at LSU can spend less over their 4 year program than they will make in their first year in their career. That’s a damn good value
But some people going to Tulane for $55k a year will graduate in environmental studies and have $220k in debt and be driving for Lyft in their first year outside college
But some people going to Tulane for $55k a year will graduate in environmental studies and have $220k in debt and be driving for Lyft in their first year outside college
Posted on 10/26/18 at 11:02 am to weagle99
I can't say if it's a scam. It certainly doesn't adequately prepare you for most careers, but it's safe to say college was never intended to be workforce training like today's employers seem to think that it is.
I think though that there was a time in this nation's history where people with college degrees were getting business jobs simply by virtual of the fact that they had a college degree. Hence an entire generation of children were raised on this idea that you absolutely had to go to college to make any money in your life whatsoever.
The times have changed though and a college degree is no longer what it once was, thus so many students graduate and have virtually no job prospects. They end up working jobs that don't even require a degree while being saddled with student loan debt.
I think though that there was a time in this nation's history where people with college degrees were getting business jobs simply by virtual of the fact that they had a college degree. Hence an entire generation of children were raised on this idea that you absolutely had to go to college to make any money in your life whatsoever.
The times have changed though and a college degree is no longer what it once was, thus so many students graduate and have virtually no job prospects. They end up working jobs that don't even require a degree while being saddled with student loan debt.
Posted on 10/26/18 at 11:03 am to kingbob
quote:
hint: books are also covered by student loans. If they weren't, then their prices wouldn't be skyrocketing like tuition.
Undoubtedly.
quote:
Remember, student loans can also be used to pay for housing, and you would be naive to think that doesn't have a profound impact on the real estate rental market.
Again, that's certainly true. Just look by LSU right now.
Posted on 10/26/18 at 11:04 am to weagle99
quote:
This 5 1/2 minute youtube video from John Stossel looks at US higher ed with a critical eye. Is today’s system a scam?
Student loan funding should be scaled based on average starting salaries for the major (and university).
Posted on 10/26/18 at 11:24 am to TOSOV
quote:A lot of programs should require an internship or independent study to graduate
I would say it's a scam since they churn out people not ready for work
quote:A large portion of the people I went to school with are either unemployed, or underemployed
My engineering degree and my wife's nursing degree seem to have been worth the time and money
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