At last some college students are catching on to the scam of the century: the ‘education industrial complex’ that keeps driving the price of an education up while offering less and less in return.
Average income is now five times what it was 40 years ago, while the price of a college education has increased 18 times in the same period. Yet the average college degree has never been more useless, preparing the graduate for nothing.
Unless you are doing a targeted degree for a specific ‘real’ career, then you are being conned. There is a reason you cannot use bankruptcy to get rid of student loan debt.
The Mind Unleashed reports:
Billy Williams just finished his first college semester and did so with the all-impressive 4.0 GPA. Instead of celebrating his accomplishments with friends and family, he decided to drop out of college entirely.
Billy made a facebook post that is now going viral in which he explains his reasoning for dropping out:
“Now that I’ve finished my first semester I think it’s safe to say… F*CK COLLEGE. Now before all you of you go batshit crazy… I have a few points to make.
1. Yes I have dropped out after finishing my first semester (with a 4.0 GPA). And it’s one of the best choices I’ve ever made. Not because I am averse to learning, but actually the exact opposite.
2. YOU ARE BEING SCAMMED. You may not see it today or tomorrow, but you will see it some day. Heck you may have already seen it if you’ve been through college. You are being put thousands into debt to learn things you will never even use. Wasting 4 years of your life to be stuck at a paycheck that grows slower than the rate of inflation. Paying $200 for a $6 textbook. Being taught by teacher’s who have never done what they’re teaching. Average income has increased 5x over the last 40 years while cost of college has increased 18x. You’re spending thousands of dollars to learn information you won’t ever even use just to get a piece of paper. I once even had an engineer tell me “I learned more in my first 30 days working than in my 5 years of college.” What does that tell you about this system? There are about a million more ways you’re being scammed into this.. just watch the video i’m gonna comment if you want to see more.
3. Colleges are REQUIRING people to spend money taking gen. ed. courses to learn about the quadratic formula (and other shit they will never use) when they could be giving classes on MARRIAGE and HOW TO DO YOUR TAXES.
4. Gosh there are so many more reasons I could add, but just comment if you disagree or have reasons to add. I’d love to add to the discussion. TAG a friend in college, Tag your parents, share this if you agree, disagree. Let’s just talk about it. Heck post a picture of yourself flipping off something you think is unjust in our society.”
Billy is right too that the price of college continues to soar.
Ray Franke, a professor of Education at the University of Massachusetts, Boston said:
“If you look at the long-term trend of college tuition, it has been rising almost six percent above the rate of inflation. That’s brought immense pressure from the media and general public, asking whether college is still worth it.”
In 2015, Harvard’s annual tuition and fees (not including room and board) would cost a person $45,278, which is more than 17 times the 1971-72 cost. If annual increases of tuition had simply tracked the inflation rate since 1971, 2016’s tuition would be just $15,189.
According to CNBC, college enrollment peaked in 2011, and has been decreasing ever since. This is no doubt in part to a family’s ability to pay the tuition, room and board and other related expenses. For example, in order to pay for a year of college at Harvard today would take the median household income nearly one year of paychecks. Back in 1971, it would have taken about 13 weeks of paychecks per the household median income.
Today the student debt is over $1.26 trillion dollars with over 44 million Americans in debt from student loans. 2016’s graduates on average are over $36,000 dollars in debt, which is up 6% from just one year ago.
What can be done to alleviate this situation? Why do banks get bailed out (2008 Lehman crisis) for cheating the world, while students must continue to pay a debt? Why is a private institution (The Federal Reserve) in charge of this nation’s money and finances? How will students continue to be able to go to college when the price continues to skyrocket as the federal minimum wage stays stuck at $7.25 an hour? At some point soon, the masses won’t take it anymore from the banking cartel. The education system is in for some major changes very soon.
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