College can be a waste of time/money if you go in without a plan, thinking you can get just any old degree and get a great job when you get out. Many college degrees are of little value, however, many others are very valuable.
The people I work with are almost exclusively college graduates. They all make good money. I doubt any of them, even those who took out big loans, thinks college was a "bad idea."
Even the so called "good degrees" these days are worthless unless you go to grad school for most students.
Yes the people you work with benefited from their degrees, but what about the countless recent grads who are working in food or retail?? And I am not talking about BS majors from bad colleges, even the good majors from decent schools are having a very hard time finding jobs after college. Most of the recent finance, accounting etc majors I know cannot find jobs and are working in food and retail.
It depends on your age. Now we have the bad economy PLUS degree inflation so undergrad degrees are the new HS degree. Even just 4-5 years ago it was different, but not anymore. Along time ago degree inflation did not exist, but now it does but the scamming colleges don't want anyone to know about it.
The overwhelming majority of college students do NOT drop out. And most college grads are not working at Walmart or McDonalds type jobs.
A big percent do drop out. In fact, out of the bottom 40% of HS graduation classes, 80% of them who go to college will end up NEVER getting a degree yet you never here colleges tell the truth on that fact. The colleges will still tell EVERY HS student to go to college it is such BS.
Also I said "recent" college grads. Even just 5 years ago a college degree could guarentee you a decent job, let alone 10-20 or more years ago. Those days are over. Now college grads have extremely hard times finding jobs after graduation and yes most RECENT college grads having retail food jobs.
Nonsense. It may be true if you got a degree in African Music Appreciation (or similar), however, even those with very large loans, like the "$140k" guy above, will usually be able to pay them off if they got a decent degree and get a decent job. Given the low interest rates, those with good jobs can pay those loans off very quickly if they focus on it- put their new wages toward debt elimination rather than blowing the money. A single guy with an engineering degree and a $70k starting salary could knock out a $140k debt in just a few years, less if he really worked it.
Even the "real" degrees are worthless by themselves in most cases these days unless you go to grad school. I am assuming you are not a recent grad within the past 3 years. Check it out- ask recent grads if they can find jobs. Most can't.
Of course, most students have nowhere near that level of debt, so they can pay off their debts much more easily.
"Something will have to happen- I think the colleges should just eat the loss. It's the least these lying brainwashing scamming bastards could do. "
Colleges rarely make loans. The people who "eat it" will be banks and taxpayers, not colleges.
Colleges can eat the loss in the form of budget cuts though. Colleges are just a flat out waste of money. WHy do the fat ass professors even need golf carts? Why do they spend so much money maintaining the useless grass fields? Why do they waste money on the sports that generate no income?
It's about time something forces the out of control colleges to stop their spending, and budget cuts because of the student loan issue might just be that.
