The current policy of making people go to college and rack up $10,000's of debts to obtain increasingly worthless degrees should be reversed.
It is DRAMATICALLY increasing the cost of college education.
If there is more demand for something, prices ALWAYS increase.
If something is more prevalent, like the number of people with degrees, the value ALWAYS goes down.
One of the items that has increased in price the most over the last decade, is the price of college education. It is increasing in price by about 10% a year.
The ONLY beneficiaries of current policy are the colleges.
Maybe you should look at the campaign donations to Obama from large colleges. They want the current system to be enhanced and extended.
It is in the interests of ALL Americans (except those running the colleges) that current policy be reversed.
Most jobs, except things like the sciences, engineering and doctors, don't need a college degree.
It would be much better if we returned to the old system, where most people received on the job training, while earning a basic wage - not racking up student debts.
About 40% of current college entrants don't even graduate.
They still get landed with the student debt that they have incurred.
They still get landed with the student debt that they have incurred.
The default rate on student loans has recently started increasing dramatically.
The total amount of student loans has just gone past $1tn.
It is now larger than the sub prime mortgage scandal.
Nearly half of all college graduates don't end up in a job that requires a college degree.
Over one third of college graduates now end up in a job that does not even require a High School diploma.
Update 04/01
284,000 graduates last year, ended up in a job paying minimum wage.
They are still saddled with $10,000's of student loan debt.
http://www.huffingtonpost.com/2013/03/31/college-graduates-minimum-wage-jobs_n_2989540.html
Under half the people that currently enter college, get any benefit from starting a college course.
OVER HALF the people that currently enter college DO NOT get any benefit from a college education. They just get saddled with $10k's of student debt.
If you take into account the drop out rates, about 36% of current college entrants end up in a job that needs a college degree.
Those who do get a benefit from a college education are paying a much higher price for their college degree than they should be and a much higher price than they used to pay in the past.
This doesn't affect the wealthy very much - if you have $10m in the bank paying another $50k for college education isn't an issue.
Paying $50k or so more than people should be paying for a college degree is only an issue for the 99%.
53% of recent graduates are jobless or underemployed.
Youth unemployment has got worse since this article was written a year ago.
N.B. This article does not take into account the drop out rate, which is now 40%.
How many of those people are now unemployed or in very low paying jobs?
http://www.theatlantic.com/business/archive/2012/04/53-of-recent-college-grads-are-jobless-or-underemployed-how/256237/
Update 06/05
The student loan debt crisis in 9 charts
http://www.motherjones.com/politics/2013/06/student-loan-debt-charts
It is now larger than the sub prime mortgage scandal.
Nearly half of all college graduates don't end up in a job that requires a college degree.
Over one third of college graduates now end up in a job that does not even require a High School diploma.
Update 04/01
284,000 graduates last year, ended up in a job paying minimum wage.
They are still saddled with $10,000's of student loan debt.
http://www.huffingtonpost.com/2013/03/31/college-graduates-minimum-wage-jobs_n_2989540.html
Under half the people that currently enter college, get any benefit from starting a college course.
OVER HALF the people that currently enter college DO NOT get any benefit from a college education. They just get saddled with $10k's of student debt.
If you take into account the drop out rates, about 36% of current college entrants end up in a job that needs a college degree.
Those who do get a benefit from a college education are paying a much higher price for their college degree than they should be and a much higher price than they used to pay in the past.
This doesn't affect the wealthy very much - if you have $10m in the bank paying another $50k for college education isn't an issue.
Paying $50k or so more than people should be paying for a college degree is only an issue for the 99%.
53% of recent graduates are jobless or underemployed.
Youth unemployment has got worse since this article was written a year ago.
N.B. This article does not take into account the drop out rate, which is now 40%.
How many of those people are now unemployed or in very low paying jobs?
http://www.theatlantic.com/business/archive/2012/04/53-of-recent-college-grads-are-jobless-or-underemployed-how/256237/
Update 06/05
The student loan debt crisis in 9 charts
http://www.motherjones.com/politics/2013/06/student-loan-debt-charts
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