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 Sweat
Fryhtan
Registered: 12/12/09
Posts: 192
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 College graduation... why go to school? 
#11721840 - 12/26/09 02:31 PM (2 years, 4 months ago) |
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So apparently colleges are failing. Going to college is failing. After looking up a TON of statistics and facts, I find out going to college in this day and age is becoming a worthless act. Look at it this way: you owe on average $100,000 to debts for a 4 year degree(actual average is $92,000 but damn close enough). You will be paying that back for about 23 years (on average nation wide) and owe an interest of 12% (minimally). Multiply that out...
...
After interest, you could owe up to $376,000 dollars when everything is paid for (being optimistic still) just the 4 year degree. That's not so bad looking at "college graduate makes a little over a million more than those without." So currently, you'll make $624,000 more than without a degree. Next lets look at the unemployment rate. Ok...
Unemployment rate is 10% (estimates say its currents 10.2-11.1 but lets stick with 10% to be optimistic). Now looking at that rate, we go to how many graduates are not employed. That's 9.4% for 2009 graduates.. Now looking deeper in that statistic from the US department of labor it says that this statistic is based on people who have ANY job, including out of their career field. Now that everyone NEEDs to go to college, that makes up to 7.4% of the unemployed who have a bachelors degree or higher. So that means only 2.6% of the US that is unemployed is without a college degree.
You can look up these statistics on the US Department of Labor. I will try to put the citations in the rest of the paper.
1.9 million Americans with bachelors degrees have absolutely no jobs or offers and graduated after 4 years which brings me to another concern. This happens to be a "woeful" 29% in places like Indiana a random state matching the countries mean college graduate graduation rates. So all the information I have given you means that all the numbers I used beforehand are more than likely wrong, because that's for a 4 year degree. With only 29% of students graduating after 4 years, what are we to do? (http://www.indianaeconomicdigest.net/main.asp?SectionID=31&SubSectionID=77&ArticleID=50746 for these statistics right here)
Another thing is, most of the dwindling middle class can't afford to get the 6 year degree, where as it takes much more than 6 years to obtain. But the funny thing about this all is that the amount of money made PER PERSON in the US has grown by 80%, the house income has only grown 18% over the past 30 years. (http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=4049 for statistics up to 2006 on household income information) Looking at this income, how can anyone pay off this debt they already owe. This doesn't even include the depression the country is going into. So really, you look at those average amount of lifetime funds and go, hmmm... well looks like some people, a very few amount, are making a TON of money while the rest of us college graduates are deep in debt and have nothing to look forward to but paying bills and working our asses off till we die.
Thanks college, you got me far in life.
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I don't want to be hostile.
I don't want to be dismal.
But I don't want to rot in an apathetic existence either.
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PreparationH
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 Re: College graduation... why go to school? [Re: Sweat]
#11721850 - 12/26/09 02:33 PM (2 years, 4 months ago) |
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Why go to college? Because I need a bachelors degree in the field I want to pursue. If I was in it for the money I'd get a job I hated that makes bank.
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come say that at the gathering, see what happens
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Sweat
Fryhtan
Registered: 12/12/09
Posts: 192
Loc: Western NY
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Re: College graduation... why go to school? [Re: Sweat]
#11721852 - 12/26/09 02:34 PM (2 years, 4 months ago) |
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Not to mention my college ranks 7th in the nation for graduation rates and its only 40%. No comment on how colleges let this happen and still make the biggest buck.
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I don't want to be hostile.
I don't want to be dismal.
But I don't want to rot in an apathetic existence either.
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ROGER5676
truckload
Registered: 02/03/07
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Re: College graduation... why go to school? [Re: Sweat]
#11721854 - 12/26/09 02:35 PM (2 years, 4 months ago) |
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yeah but you pay that money for the college experience. its not about learning things, its about drinking, drugs and how many hotties you score with
Edited by ROGER5676 (12/26/09 02:36 PM)
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Sweat
Fryhtan
Registered: 12/12/09
Posts: 192
Loc: Western NY
Last seen: 1 year, 17 days
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Re: College graduation... why go to school? [Re: Sweat]
#11721856 - 12/26/09 02:36 PM (2 years, 4 months ago) |
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http://www.divorceguide.com/free-divorce-advice/marriage-and-separation-advice/the-most-common-reasons-for-divorce-and-separation.html
Financial problems is the second leading cause for divorce. And according to the APA, happiness is primarily involved in how well your relationship is going with your significant other.
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I don't want to be hostile.
I don't want to be dismal.
But I don't want to rot in an apathetic existence either.
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PreparationH
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Re: College graduation... why go to school? [Re: ROGER5676]
#11721857 - 12/26/09 02:37 PM (2 years, 4 months ago) |
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Quote:
ROGER5676 said:
yeah but you pay that money for the college experience. its not about learning things, its about drinking, drugs and how many hotties you score with
It is even funnier you spelled college wrong 
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thirdtragedy
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Re: College graduation... why go to school? [Re: ROGER5676]
#11721860 - 12/26/09 02:37 PM (2 years, 4 months ago) |
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I have veterans benefits, I better take advantage of free college. That's why I go I see what you are saying. I assume most the people going to these expensive schools also get help from their families.
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ROGER5676
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Re: College graduation... why go to school? [Re: PreparationH]
#11721865 - 12/26/09 02:39 PM (2 years, 4 months ago) |
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Quote:
PreparationH said:
Quote:
ROGER5676 said:
yeah but you pay that money for the college experience. its not about learning things, its about drinking, drugs and how many hotties you score with
It is even funnier you spelled college wrong
 you caught that huh. thought i got that fixed before anyone seen it.
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Sweat
Fryhtan
Registered: 12/12/09
Posts: 192
Loc: Western NY
Last seen: 1 year, 17 days
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Re: College graduation... why go to school? [Re: thirdtragedy]
#11721878 - 12/26/09 02:41 PM (2 years, 4 months ago) |
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Parents contributions are in the low thousands. Most parents are in huge debts. Even if they do contribute, they owe what, 8000$ in debt?
http://moneycentral.msn.com/content/SavingandDebt/P70581.asp
Average credit card debt for ANY American household. That's not including college debt.
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I don't want to be hostile.
I don't want to be dismal.
But I don't want to rot in an apathetic existence either.
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 Set
candy colored clown
Registered: 10/03/08
Posts: 4,948
Loc: right near da beach
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Re: College graduation... why go to school? [Re: Sweat]
#11721886 - 12/26/09 02:43 PM (2 years, 4 months ago) |
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yeah
some genius had the idea to turn education into a business
if the whole thing isn't irony, I don't know what is
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Sweat
Fryhtan
Registered: 12/12/09
Posts: 192
Loc: Western NY
Last seen: 1 year, 17 days
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Re: College graduation... why go to school? [Re: Set]
#11721893 - 12/26/09 02:45 PM (2 years, 4 months ago) |
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Its sort of like Great Britain identifies Scientology as a business. The United States should identify college as ones as well.
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I don't want to be hostile.
I don't want to be dismal.
But I don't want to rot in an apathetic existence either.
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PreparationH
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Re: College graduation... why go to school? [Re: thirdtragedy]
#11721927 - 12/26/09 02:54 PM (2 years, 4 months ago) |
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Quote:
thirdtragedy said:
I have veterans benefits, I better take advantage of free college. That's why I go I see what you are saying. I assume most the people going to these expensive schools also get help from their families.
I'm not paying for school yet, neither is my family. Every year I take out a 9k loan and am in my second year. When I graduate I'll be in around 50k of debt because my apartment over the next 2 years will run 12k on top of the original 36.
What branch of the military were you in? Right now I'm majoring in health and fitness and if I don't get a job offer that I think is worth it, I'll be signing up for the marines or navy. I have been told by marines in my classes that this is the way to go because I will become an officer and have a higher pay correct? That's if I join the marines that is, I think the navy seals seems more for me because my brother served with them for 6 years and loved it.
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come say that at the gathering, see what happens
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supernovasky
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Re: College graduation... why go to school? [Re: Sweat]
#11721940 - 12/26/09 02:56 PM (2 years, 4 months ago) |
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Quote:
Sweat said:
Not to mention my college ranks 7th in the nation for graduation rates and its only 40%. No comment on how colleges let this happen and still make the biggest buck.
no way.
none of the Ivy league schools drop out more than 10% of their graduates.
Harvard is notorious for grade inflation.
This statistic, I do not believe.
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nooneman
Stranger
Registered: 04/24/09
Posts: 2,884
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Re: College graduation... why go to school? [Re: supernovasky]
#11721952 - 12/26/09 02:58 PM (2 years, 4 months ago) |
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If you don't go to college, you'll be stuck working a shitty minimum wage or close job for the rest of your life. Even if you do manage to land a good job, you will make a fraction of the money that someone with a degree will in the same position.
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danielx
whatup!
Registered: 10/13/08
Posts: 3,967
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Re: College graduation... why go to school? [Re: Sweat]
#11721953 - 12/26/09 02:58 PM (2 years, 4 months ago) |
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most degrees are worthless. I laugh at people spending money for art degrees.
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'Learning is like rowing upstream: not to advance is to drop back.' ~Chinese Proverb
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KrishnaDreamer
I bleed nicotine...
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Re: College graduation... why go to school? [Re: supernovasky]
#11721959 - 12/26/09 02:59 PM (2 years, 4 months ago) |
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the state is paying for me, albeit for community college.... $350 thanks to the kind taxpayers... funny that i dropped out of high school too.
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cleepa
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Re: College graduation... why go to school? [Re: ROGER5676]
#11721962 - 12/26/09 03:00 PM (2 years, 4 months ago) |
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Personally I like college, I go because I love to learn about certain things and be around people that have some of the same interest. I have three degrees and not a dime in student loans and no I don't come from some rich prissy family that payed for my education. One way to keep cost low is to get your basic classes out of the way at a local community college, then transfer to a 4 year university. Also if you are in a lower income bracket and are not claimed as a dependent you are eligible for all types of pell grants that you don't have to pay back as long as you make decent grades and meet other criteria. I don't see how someone could graduate a 4 year college and have hundreds of thousands of dollars in dept. I know it happens a lot, I have many friends that have tons of dept strait out of college. That's just not my type of party, if I can't pay for something then so be it, you can keep it.
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Set
candy colored clown
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Re: College graduation... why go to school? [Re: danielx]
#11721966 - 12/26/09 03:00 PM (2 years, 4 months ago) |
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Quote:
danielx said:
most degrees are worthless. I laugh at people spending money for art degrees.
yeah, blame them for keeping education about idealism
you, sir, are part of the problem
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PreparationH
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Re: College graduation... why go to school? [Re: danielx]
#11721967 - 12/26/09 03:00 PM (2 years, 4 months ago) |
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Quote:
danielx said:
most degrees are worthless. I laugh at people spending money for art degrees.
My psych professor told us his joke first day of class and offended the shit out of the girl next to me:
How do you get an art major off your porch?
Pay them for the pizza. OOOOOOOOOOOOO LOL
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ShroomyMcPot
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Re: College graduation... why go to school? [Re: supernovasky]
#11721972 - 12/26/09 03:01 PM (2 years, 4 months ago) |
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I went to college and could not get a job matching the degree I got. I settled for a different job that has nothing to do with my degree but uses some of the experience I got from the part time job I had while in college. The job also does not require a degree and probably could have gotten it without one although im pretty sure it did help my resume some. Most of the people on my team dont have degrees at all. It pays $46k a year and I dont really see a whole lot of upward mobility.
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