College isn't for everyone. If everyone received a bachelors it cheapens the degree. It's a case of too many chiefs and not enough indians. That's not to knock college as a whole. The problem with this country is we are "anti-intellectualism" and that anti-intellectualism has seeped into higher education. Hence the trend of grade inflation, and professors tolerating bad writing and research.
College is not about finding a job. Its not an employment agency!! Anyone who treats it like it is does not belong in college to begin with. People like that are to stupid to be in college in the first place.
It is not about a debate between majoring in liberal arts or sciences. Actually, it is a false debate. As an American society, everyone should ask why the higher learning cost so much? Why the society is encouraging young people to be in debts for a long period of time? Even if you are majoring in engineering, the starting salary is about 40 000-50 000$ per year but yet your debt load will be about 100 000$ for a 4 years degree. This is bubble and it is going to burst very soon......
college is a rip off aside from a few degrees. they need to be specialized. the 4 year institution neeeds to be cleansed of idiotic liberal arts requirements that have nothing to do with someone's program. if you get a chemical engineering degree, it should take two or three years tops.
@ElJefer You had BETTER judge them on their monetary value if you are going into debt to pay for them. If you want a degree in basket weaving for the goodness of your soul, fine, but do that part time and pay for your tuition with cash earned from a job. If you do it on a loan early in life and spend the rest of your life working a menial job as a result, desperately trying to pay for it, it will be a decision you will sorely regret for the whole of your life.
This is a great video and really makes me think. It also for some reason makes me want to work harder in college. I don't want to graduate college in 6 years like Richard Vedder said. I want to graduate in four years, get a master's degree two years later, and be a teacher.
@npanther22 Have you ever thought about working at a proivate school? That way you can skip college and shadow a teacher. It won't take you 6 years and loads of money. A lot of times the teachers without a degree are the best ones
@honeybunch2k6 Well right now I am in Community College and I need to finish that before I go to a private school. And isn't private school more expansive than state run schools?
@npanther22 I meant go to teach kids at a private school, not to go a private school for education. That way you skip the bs and go straight to shadowing. Private schools normally aren't as hung up on credentials.
@npanther22 Why go into debt though for a Master's degree before finding a teaching job? Also, what are you wanting to teach? Don't be a music, English, Social Studies, or PE teacher, because there is NO demand for those teaching positions. I almost dropped my Spanish Education major and am thankful I didn't, because I've had 6 job offers as a Spanish teacher in my short time of teaching. Spanish, ELL, Special Education, math and science teachers are needed in high demand.
@scrambledpenis It's in demand, because it's not an ideal area for teaching. A lot of people don't want to work with special needs children or deal with the multitude of challenges that special ed students can bring, so there are many jobs available, and it usually pays higher than core subject areas for the above reasons.
@npanther22 One other thing, I'm working on my master's via online classes at UND. Find a public college that offers flexible online Master's program, so that as you're working on your Master's, you'll be paying for it at the same time, and getting your raise on top of it.
@dreicemoney My friend I know people without degrees that make a $1/4 million or better!
One of the worst mistakes I ever made in my life was to go to college. I got a business degree with a 3.7 GPA that (pardon my launguage) hasn't done me jack shit! I went back and got a tech degree...now I make 60-70K a year. Only degrees that still pay well are engineering, nursing, law or medicine. Pursue anything else nowadays and you're just pissing in the wind.
@scrambledpenis I got mine in aviation maintenance but there's also several other good paying tech fields to go in to. I currently hold an A&P (airframe and powerplant) certificate where I can work on anything military or commercial. That field is not just limited to aircraft maintenance only. Over time you can work your way up to management and make the big bucks. What did you get your degree in?
@larrysg1 4 full years is undergrad school. Its $3,000 dollars a quarter for undergrad school. That's $12,000 a quarter. $12,000 x 4 = $48,000. Or $33,600 if you go to community college first as its 12,000 a year for community college and community college knocks off two years from your studies.
I went to college and it was a waste of time. I lost a lot of time and money in a business that was flourishing that I started as a freshman. If I want to work for someone else I can prove to them that I know what I am doing and that a degree is not necessary.
I am a current recipient of higher education and have seen plenty of this happening everywhere. I attend a local college that only issues associate degrees. The majority go to school get that pell refund and drop out. It's sickening.
Stossel is confused as to why college sucks? It sucks because a huge amount of them are publicly owned. The few private ones are government regulated and financed. Then you have the students who get government checks and scholarships and all kinds of complete bullshit. Then the professors are hard to fire.
The governments goal is not to educate you, but to delay you trying to enter the job market so that they can keep unemployment down.
an extra 1 mil in a life time averages out to be around 17.5k a year more, putting the above average to about 40K a year, & we are in an economy where 250k a year is just starting middle class
I know someone who makes around 1 mil a year, he went from high school to driving a truck to starting his own business. most of his country club friends at best are college drop outs, his employees that he pays 10 -14 /hr are col grads. he tells me he doesn't see anyone making under 500k/year making it.
The flip side of this is, some high schools see the students as to inept for college and push vo-tech schools, even have military recruiters permanently stationed with in the high school grounds. I see the problem as trying to set the students future for them when the powers that be haven't lifted their heads long enough to see the what the world is like, into which they are sending the next generation.
According to the Princeton Review, among the top 10 majors are
2) Psychology
5) Education
6) English Language and Lit
8) Communications
9) Poli Sci
So half of the top 10 have questionable economic utility in the workforce right off the bat. Add in the gross surplus of people holding these degrees, and it's no wonder why so many people are feeling "ripped off". If I was a HS teacher, all the moderately smart kids looking to go to college and take on one of these "get through it" majors (cont)
@jrsub3 would be asked a serious question on how they intend on using their education after school. For a lot of them, I'd recommend taking an entry level job in something like sales, accounts payable, etc (there's still plenty of small companies who will hire someone with the base knowledge they need) and learn the work world. No one should have to spend $200K and 4 years to learn that all their perceived skills aren't valued in the market.
Degrees are subject to the laws and principles of supply and demand, meaning more people are having to take on too much debt to stand out from the crowds of unemployed in this country. I've seen too many people with Master Degrees working Associate Degree level jobs... it's terrible right now.
that woman wants to have mother like approach to teaching where mother decides what the kids learn. i think it's better to let people do what they like
I find it deliciously ironic how everyone is being "guided" into college, you know, for those great careers, yet all the while ignoring the simple fact that with more college graduates in the market the lower the salaries will be for their respective professions. Success indeed, soon we'll see engineers earning little more than industrial laborers.
This is a much shorter and easier book to read, if you got through Bell Curve, but still quite informative on a topic of education. Here's his talk on that book, search for Charles Murray Real Education on youtube. That should give you idea what it's about.
College is great if you can succeed at it (don't flunk out or drop out), if you can avoid going into too much debt, AND, very importantly, get a degree in something that actually matters. Art history, sociology, English lit., basket weaving, etc., and all the myriad of degrees that so many get are absolutely useless and ARE a waste of time and money. Go for engineering, business, etc., something that is actually in demand in the economy.
@ohbaby870 Social Work pretty much guarantees that you will be asking the Government for a job, and the government is broke, so in my opinion that is a definite no-go.
All I hear are people taking responsibility off themselves. Oh, it's not your fault, it's their fault. Oh, it's the professor's fault. No. It's your fault.
You are a moron and can't get into a good school because you sucked at high school, and it's all YOUR fault. Tell the kids at Harvard College or Yale College and on their way to studying law, or the medical students at McGill that they're being ripped off. If you're a dumbass, you deserve to fail---just like that that fat chick at 1:05.
College is not a ripoff. It's only a ripoff if you're a dumbass and attend some garbage college that is extremely expensive because you were too stupid to do well in high school (which is easy as Hell) and don't know how to invest money in yourself.
Clearly, going to "Harvard College" is not a ripoff. If you're a dumbass, everything is a ripoff, because you're a dumbass.
These students studied socilogy, media studies, surfing studies, diversity studies, cultural relativism studies. They must have realised these were worthless degrees, and their parents were utterly incompetent for not advising them better.
I feel absolutely terrible for the,.It's an utter waste of young talent, and also money.
College is a rite of passage for the privileged classes. Nothing more. It's a waste of time and money that would better be spent on beer. Which is all college really is: a four year binge.
One of the reasons college is so expensive is of government GUARANTEED loans to schools. This increases demand and thus prices. If the student fails to pay, no problem, the college still gets paid -- off the backs of the hapless taxpayer.
I'm studying religious studies and psychology, not because it will make me a lot of money, it won't but I have a genuine interest. That should count too.
I understand what Stossel want's to say, but no matter how we try to switch it up, without college you're stepping out into the world armed with nothing. It's the sad truth. Yes, being resourceful and inventive can propel you to a higher standing with a great career, but it's a shot in the dark. You stand to lose years and years of your life if such a bold attempt doesn't yield any results. That is one risk some of us simply cannot take--our twenties are passing by way too fast.
The overall point is legit but that chick that came on was either stupid or deliberately deceptive. Several studies have been done on the relationship between teaching and research and have consistently debunked the theory that researching detracts from teaching quality. In fact, quite the opposite is true; research is positively correlated with teaching quality. I really like Stossel so it disappoints me that he wouldn't fact check and call her out on this.
@8chxBLhJDy9 It's not enough to say "Vote Ron Paul"
PEOPLE NEED TO SWITCH PARTIES 12 WEEKS IN ADVANCE OF THE PRIMARIES IN MOST STATES.
IF YOU DO NOT SWITCH IN TIME YOU CANNOT VOTE IN PRIMARY.
IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.
IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE VOTE VOTE ! PLEASE !
WE NEED EVERY LAST VOTE ! Copy and paste this everywhere!
I'm mostly going to school to get licensed - having a BS or MS in dietetics is nice, but, what they really want is that you done well in your internship and you are going to be a good dietitian, that you can think critically and problem-solve. Your degree and the GPA you sustained in college is useless when compared to experience and mind-power. I laugh at my English-major friends because it's a useless degree in most respects.
There are three types of degrees: useless degrees, useful degrees and degrees that are viewed as useful by businesses. Anyone going for a useless degree is wasting their time. Anyone going for a useful degree would spend their time better by going to a technical school rather than a theory based school. The third category is doing it right though. A useless degree may get you a great job, such as with MBAs.
College is a ripoff. Its a scam perpetrated by the government who wants to enslave you with their government backed student loans....and colleges who want to make money. Neither gives a shit about your education. Its ALL about cash and power.
This kid I know graduated from the Culinary Institute of America and the only jobs trying to hire him are restaurants that wish to pay him $8.00 to $10.00 a hour to cook. WTF is wrong with that picture?
Much of this is because of the student loan system that has allowed the universities to gouge the students. The average student leaves after their 4-year degree approximately $22K in debt--a virtual mini-mortgage or vehicle payment. It's one hell of a racket.
millionaire next door goes over these stats. Anything beyond a 4 year degree will yield you less income over your lifetime than going for more. Unless you are willing to live much different than your profession. Like a doctor, if he lived in the lower income neighborhood after graduating (300k in debt), he would do fine. But most don't, and thus by statistics, anything over 4 years will cause you to earn less.
College is not a free market. Here are my suggestions for making it a free market. #1. Do not save for your kids' college funds. #2. Instruct them not to take student loans or pell grants. #3. Allow your kids to live at home while in college. #4. Your kid should work full-time during summer (for tuition & books) and part-time the rest of the year. #5. Your kid should get a job from an associates degree first to move up in income while earning a bachelor or higher degree.
Expanding a little more, (i.e. if a kid wants to become a doctor, he/she should first get an associates in nursing while living at home, get a job as an RN, continue living at home while going to a 4 year college or university all the way from undergraduate to becoming a doctor)
Think about it. If a kid is earning the money for college ahead of time, then that kid will be extra vigilant about the value of education because they worked hard for that money. Please tell me what you think.
@MrConservative608 It is a good plan. For mysellf, I decided to take a year off (became part time student and worked), and saved up money. I actually worked from age 15, steady employement. I paid my first 2 years of college out of pocket. I think it made a big difference to see my savings account drop from 5-7k to 0.
What really needs to happen is what Ron Paul suggests, let colleges finance their students through, and if the kid doesn't get a job, the college eats the default.
I want to remind those bureaucratic marxist people "who jerking off to" the government education utopia,, that Steve Jobs, Mark Zuckenburg and Bill Gates do not have any formal education... 3 of the worlds most genius computer / software / sosial networking entrepreneurs...
And Michael Dell?? he dropped out of school to buildt up a billion dollar industry from a freaking garrage (NOT LITERALLY). Good video BTW!
Haha this reminds me of what my Spanish professor was joking about the other day. She was like "Spanish is a very important class. It will actually be useful to you after you graduate. It's not like some of those other useless classes you guys are taking."
It is of course true that you don't necessarily need a degree to be successful. However, there are professions where a degree is absolutely necessary. If you are going to drop 200k on a BA in Anthropology, Women's Studies, or English Litt, it will probably not pay off. Finance, Medicine, Law, Math etc. on the other hand are most likely very good investments. The prices in the US are astronomical, btw.
@Krifko Your point can be summerized fairly easy. BA degrees are not worth it, but a BS is. I know what you mean, my field (computer science) is not easily picked up, and with how many bad engineers there are out there with a degree, not having one just makes you more likely to be in the bad category.
@bluefootedpig A degree is basically an important credential for the job market. As your point implies, for most of us it is impossible to teach ourselves higher mathematics, theoretical physics, medicine, or even law. Also, try showing up at a Fortune 500 company with a high school diploma, see how Stossel's theory works out. The general idea that can be taken away from this video is that you must choose your degree wisely and make a careful cost-benefit analysis. Nothing new there, right?
@Krifko It also depends on your reason for attending. Most people I have talked to go to college because they think when they graduate they will get a "good, high paying job." Whereas, I am in college because I want to learn and enjoy learning. I am also taking the Thoreauvian simple and debt free path, they tend to get into debt. Though my way takes longer, I earn money and job experience while attending, and loose no money to interest during or after school.
College isn't for everyone. If everyone received a bachelors it cheapens the degree. It's a case of too many chiefs and not enough indians. That's not to knock college as a whole. The problem with this country is we are "anti-intellectualism" and that anti-intellectualism has seeped into higher education. Hence the trend of grade inflation, and professors tolerating bad writing and research.
cabalofdemons 2 days ago
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College is not about finding a job. Its not an employment agency!! Anyone who treats it like it is does not belong in college to begin with. People like that are to stupid to be in college in the first place.
kalijasin 2 days ago
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It is not about a debate between majoring in liberal arts or sciences. Actually, it is a false debate. As an American society, everyone should ask why the higher learning cost so much? Why the society is encouraging young people to be in debts for a long period of time? Even if you are majoring in engineering, the starting salary is about 40 000-50 000$ per year but yet your debt load will be about 100 000$ for a 4 years degree. This is bubble and it is going to burst very soon......
Natapier 1 month ago
college is a rip off aside from a few degrees. they need to be specialized. the 4 year institution neeeds to be cleansed of idiotic liberal arts requirements that have nothing to do with someone's program. if you get a chemical engineering degree, it should take two or three years tops.
UltraProle21 1 month ago
@ElJefer You had BETTER judge them on their monetary value if you are going into debt to pay for them. If you want a degree in basket weaving for the goodness of your soul, fine, but do that part time and pay for your tuition with cash earned from a job. If you do it on a loan early in life and spend the rest of your life working a menial job as a result, desperately trying to pay for it, it will be a decision you will sorely regret for the whole of your life.
Panpiper 3 months ago
WHAT ABOUT A DEGREE IN SOCIAL WORK??
thugz00 3 months ago
This is a great video and really makes me think. It also for some reason makes me want to work harder in college. I don't want to graduate college in 6 years like Richard Vedder said. I want to graduate in four years, get a master's degree two years later, and be a teacher.
npanther22 3 months ago
@npanther22 Have you ever thought about working at a proivate school? That way you can skip college and shadow a teacher. It won't take you 6 years and loads of money. A lot of times the teachers without a degree are the best ones
honeybunch2k6 3 months ago
@honeybunch2k6 Well right now I am in Community College and I need to finish that before I go to a private school. And isn't private school more expansive than state run schools?
npanther22 3 months ago
@npanther22 I meant go to teach kids at a private school, not to go a private school for education. That way you skip the bs and go straight to shadowing. Private schools normally aren't as hung up on credentials.
honeybunch2k6 3 months ago
@npanther22 Why go into debt though for a Master's degree before finding a teaching job? Also, what are you wanting to teach? Don't be a music, English, Social Studies, or PE teacher, because there is NO demand for those teaching positions. I almost dropped my Spanish Education major and am thankful I didn't, because I've had 6 job offers as a Spanish teacher in my short time of teaching. Spanish, ELL, Special Education, math and science teachers are needed in high demand.
HCGurl23 3 months ago
@HCGurl23 I thought about going in for special education. How do you know there is a demand?
scrambledpenis 2 months ago
@scrambledpenis It's in demand, because it's not an ideal area for teaching. A lot of people don't want to work with special needs children or deal with the multitude of challenges that special ed students can bring, so there are many jobs available, and it usually pays higher than core subject areas for the above reasons.
HCGurl23 2 months ago
@HCGurl23 thank you very much for your time.
scrambledpenis 2 months ago
@npanther22 One other thing, I'm working on my master's via online classes at UND. Find a public college that offers flexible online Master's program, so that as you're working on your Master's, you'll be paying for it at the same time, and getting your raise on top of it.
HCGurl23 3 months ago
i know people who earn $90,000 a year without degrees
dreicemoney 4 months ago 4
@dreicemoney My friend I know people without degrees that make a $1/4 million or better!
One of the worst mistakes I ever made in my life was to go to college. I got a business degree with a 3.7 GPA that (pardon my launguage) hasn't done me jack shit! I went back and got a tech degree...now I make 60-70K a year. Only degrees that still pay well are engineering, nursing, law or medicine. Pursue anything else nowadays and you're just pissing in the wind.
ryanspeed 2 months ago
@ryanspeed I just graduated colege and realized my mistake. What tech degree did you get?
scrambledpenis 2 months ago
@scrambledpenis I got mine in aviation maintenance but there's also several other good paying tech fields to go in to. I currently hold an A&P (airframe and powerplant) certificate where I can work on anything military or commercial. That field is not just limited to aircraft maintenance only. Over time you can work your way up to management and make the big bucks. What did you get your degree in?
ryanspeed 2 months ago
@ryanspeed I double majored in english and history. ouch :(
scrambledpenis 2 months ago
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kalijasin 2 days ago
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@dreicemoney And none of them are doctors or lawyers.
kalijasin 2 days ago
@zwiiyt i am baffled
optionsupdate 4 months ago
@CollectiveCheckup if you were smart you would of stuck it out and got an advanced degree.
kalijasin 4 months ago
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kalijasin 4 months ago
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kalijasin 4 months ago
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@larrysg1 4 full years is undergrad school. Its $3,000 dollars a quarter for undergrad school. That's $12,000 a quarter. $12,000 x 4 = $48,000. Or $33,600 if you go to community college first as its 12,000 a year for community college and community college knocks off two years from your studies.
kalijasin 4 months ago
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@larrysg1 he did not mean fifty thousand. Its a lie to suggest he did. No one confuses hundreds of thousands with thousands.
kalijasin 4 months ago
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kalijasin 4 months ago
I went to college and it was a waste of time. I lost a lot of time and money in a business that was flourishing that I started as a freshman. If I want to work for someone else I can prove to them that I know what I am doing and that a degree is not necessary.
CollectiveCheckup 5 months ago
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@CollectiveCheckup You obviously did not learn anything in college if you think its for getting a job.
kalijasin 4 months ago
@CollectiveCheckup And that's on you ... not the college.
kalijasin 4 months ago
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qwerty94376 5 months ago
I am a current recipient of higher education and have seen plenty of this happening everywhere. I attend a local college that only issues associate degrees. The majority go to school get that pell refund and drop out. It's sickening.
bddaawwgg 5 months ago
A lot of these kids probably went to college to party so of course their education was meaningless.
kalijasin 5 months ago
College doesn't guarantee anything, but I do know that it opened some doors for me.
GeorgeLRockwell87 5 months ago
Stossel is confused as to why college sucks? It sucks because a huge amount of them are publicly owned. The few private ones are government regulated and financed. Then you have the students who get government checks and scholarships and all kinds of complete bullshit. Then the professors are hard to fire.
The governments goal is not to educate you, but to delay you trying to enter the job market so that they can keep unemployment down.
kamikazee55 5 months ago
@kamikazee55 colleges steal from students who get financial aid.
kalijasin 5 months ago
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Next HUGE moneybomb for Ron Paul will be on OCT 19th
BLACKTHISOUT . COM
qwerty94376 5 months ago
an extra 1 mil in a life time averages out to be around 17.5k a year more, putting the above average to about 40K a year, & we are in an economy where 250k a year is just starting middle class
I know someone who makes around 1 mil a year, he went from high school to driving a truck to starting his own business. most of his country club friends at best are college drop outs, his employees that he pays 10 -14 /hr are col grads. he tells me he doesn't see anyone making under 500k/year making it.
AfterFauve001 5 months ago
The flip side of this is, some high schools see the students as to inept for college and push vo-tech schools, even have military recruiters permanently stationed with in the high school grounds. I see the problem as trying to set the students future for them when the powers that be haven't lifted their heads long enough to see the what the world is like, into which they are sending the next generation.
AfterFauve001 5 months ago
Whether or not college is a scam is totally dependent upon what area you are studying.
AmadeusStatisitician 5 months ago
According to the Princeton Review, among the top 10 majors are
2) Psychology
5) Education
6) English Language and Lit
8) Communications
9) Poli Sci
So half of the top 10 have questionable economic utility in the workforce right off the bat. Add in the gross surplus of people holding these degrees, and it's no wonder why so many people are feeling "ripped off". If I was a HS teacher, all the moderately smart kids looking to go to college and take on one of these "get through it" majors (cont)
jrsub3 5 months ago
@jrsub3 would be asked a serious question on how they intend on using their education after school. For a lot of them, I'd recommend taking an entry level job in something like sales, accounts payable, etc (there's still plenty of small companies who will hire someone with the base knowledge they need) and learn the work world. No one should have to spend $200K and 4 years to learn that all their perceived skills aren't valued in the market.
jrsub3 5 months ago
Degrees are subject to the laws and principles of supply and demand, meaning more people are having to take on too much debt to stand out from the crowds of unemployed in this country. I've seen too many people with Master Degrees working Associate Degree level jobs... it's terrible right now.
Jester2415 5 months ago
that woman wants to have mother like approach to teaching where mother decides what the kids learn. i think it's better to let people do what they like
drusha1 5 months ago
I find it deliciously ironic how everyone is being "guided" into college, you know, for those great careers, yet all the while ignoring the simple fact that with more college graduates in the market the lower the salaries will be for their respective professions. Success indeed, soon we'll see engineers earning little more than industrial laborers.
fyrewolffe 5 months ago
I would highly recommend Charles Murrays book:
Real Education: Four Simple Truths for Bringing America's Schools Back to Reality
on that topic, if anyone is interested.
enedene1 5 months ago
@enedene1 thanks for recommending that - I read the "bell curve" which I found interesting.
kbdkbd99 5 months ago
@kbdkbd99
This is a much shorter and easier book to read, if you got through Bell Curve, but still quite informative on a topic of education. Here's his talk on that book, search for Charles Murray Real Education on youtube. That should give you idea what it's about.
enedene1 5 months ago
College is great if you can succeed at it (don't flunk out or drop out), if you can avoid going into too much debt, AND, very importantly, get a degree in something that actually matters. Art history, sociology, English lit., basket weaving, etc., and all the myriad of degrees that so many get are absolutely useless and ARE a waste of time and money. Go for engineering, business, etc., something that is actually in demand in the economy.
Panpiper 5 months ago 9
@Panpiper what about social work? I was an elementary ed major but couldn't pass the praxis.
ohbaby870 4 months ago
@ohbaby870 Social Work pretty much guarantees that you will be asking the Government for a job, and the government is broke, so in my opinion that is a definite no-go.
Panpiper 4 months ago
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@Panpiper NOT all social workers work for the government.
kalijasin 2 days ago
All I hear are people taking responsibility off themselves. Oh, it's not your fault, it's their fault. Oh, it's the professor's fault. No. It's your fault.
You are a moron and can't get into a good school because you sucked at high school, and it's all YOUR fault. Tell the kids at Harvard College or Yale College and on their way to studying law, or the medical students at McGill that they're being ripped off. If you're a dumbass, you deserve to fail---just like that that fat chick at 1:05.
onixz100 5 months ago
College is not a ripoff. It's only a ripoff if you're a dumbass and attend some garbage college that is extremely expensive because you were too stupid to do well in high school (which is easy as Hell) and don't know how to invest money in yourself.
Clearly, going to "Harvard College" is not a ripoff. If you're a dumbass, everything is a ripoff, because you're a dumbass.
onixz100 5 months ago
@onixz100 you mad?
humantestdummy 5 months ago
The problem, as always, is that the government is overly involved and subsidizes the stuff including football.
barbourjohn 5 months ago
These students studied socilogy, media studies, surfing studies, diversity studies, cultural relativism studies. They must have realised these were worthless degrees, and their parents were utterly incompetent for not advising them better.
I feel absolutely terrible for the,.It's an utter waste of young talent, and also money.
kbdkbd99 5 months ago
@kbdkbd99
Ah, the diversity studies... my favorite.
enedene1 5 months ago
@enedene1 I have nightmares about what those kids will do with themselves when they graduate.
CountArtha 5 months ago
Public schools are corporate brainwashing
optionsupdate 5 months ago
why dont people go to colleges in India its a fraction of the cost even after airline fees
optionsupdate 5 months ago
College is a rite of passage for the privileged classes. Nothing more. It's a waste of time and money that would better be spent on beer. Which is all college really is: a four year binge.
theyoungmrt 5 months ago
One of the reasons college is so expensive is of government GUARANTEED loans to schools. This increases demand and thus prices. If the student fails to pay, no problem, the college still gets paid -- off the backs of the hapless taxpayer.
furyofbongos 5 months ago
I'm studying religious studies and psychology, not because it will make me a lot of money, it won't but I have a genuine interest. That should count too.
waksibra 5 months ago
I understand what Stossel want's to say, but no matter how we try to switch it up, without college you're stepping out into the world armed with nothing. It's the sad truth. Yes, being resourceful and inventive can propel you to a higher standing with a great career, but it's a shot in the dark. You stand to lose years and years of your life if such a bold attempt doesn't yield any results. That is one risk some of us simply cannot take--our twenties are passing by way too fast.
regelemihai 5 months ago
The only reason that Obama wants people to succeed is to he can tax them more.
HandyMan101 5 months ago
The overall point is legit but that chick that came on was either stupid or deliberately deceptive. Several studies have been done on the relationship between teaching and research and have consistently debunked the theory that researching detracts from teaching quality. In fact, quite the opposite is true; research is positively correlated with teaching quality. I really like Stossel so it disappoints me that he wouldn't fact check and call her out on this.
gregrichins 5 months ago
7 people went to college
Heatdeathh 5 months ago
@8chxBLhJDy9 It's not enough to say "Vote Ron Paul"
PEOPLE NEED TO SWITCH PARTIES 12 WEEKS IN ADVANCE OF THE PRIMARIES IN MOST STATES.
IF YOU DO NOT SWITCH IN TIME YOU CANNOT VOTE IN PRIMARY.
IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.
IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE VOTE VOTE ! PLEASE !
WE NEED EVERY LAST VOTE ! Copy and paste this everywhere!
be4unvme 5 months ago
He didn't say why the price of college is so expensive. It's expensive because of all the government loans bidding up the price.
SuperSneakySteve 5 months ago
I'm mostly going to school to get licensed - having a BS or MS in dietetics is nice, but, what they really want is that you done well in your internship and you are going to be a good dietitian, that you can think critically and problem-solve. Your degree and the GPA you sustained in college is useless when compared to experience and mind-power. I laugh at my English-major friends because it's a useless degree in most respects.
Itugen88 5 months ago
There are three types of degrees: useless degrees, useful degrees and degrees that are viewed as useful by businesses. Anyone going for a useless degree is wasting their time. Anyone going for a useful degree would spend their time better by going to a technical school rather than a theory based school. The third category is doing it right though. A useless degree may get you a great job, such as with MBAs.
Keeban3 5 months ago
College is a ripoff. Its a scam perpetrated by the government who wants to enslave you with their government backed student loans....and colleges who want to make money. Neither gives a shit about your education. Its ALL about cash and power.
girzwald3 5 months ago
This kid I know graduated from the Culinary Institute of America and the only jobs trying to hire him are restaurants that wish to pay him $8.00 to $10.00 a hour to cook. WTF is wrong with that picture?
im1greatman 5 months ago
"Choose your own adventure" is all too accurate a comparison... represent, $72,000 in debt right here.
djb5255 5 months ago
College is required to succeed, like my Tacoma homey from 4/27 FA would say "sounds good."
exiquio 5 months ago
In my case, I am now to educated for my area. I can't get work now because of this.
Lurker1979 5 months ago
Much of this is because of the student loan system that has allowed the universities to gouge the students. The average student leaves after their 4-year degree approximately $22K in debt--a virtual mini-mortgage or vehicle payment. It's one hell of a racket.
TsugaC 5 months ago
@TsugaC You can (mostly) blame the federal government for making student loans so easy to get.
Killedkennyagain 5 months ago
millionaire next door goes over these stats. Anything beyond a 4 year degree will yield you less income over your lifetime than going for more. Unless you are willing to live much different than your profession. Like a doctor, if he lived in the lower income neighborhood after graduating (300k in debt), he would do fine. But most don't, and thus by statistics, anything over 4 years will cause you to earn less.
bluefootedpig 5 months ago
College is not a free market. Here are my suggestions for making it a free market. #1. Do not save for your kids' college funds. #2. Instruct them not to take student loans or pell grants. #3. Allow your kids to live at home while in college. #4. Your kid should work full-time during summer (for tuition & books) and part-time the rest of the year. #5. Your kid should get a job from an associates degree first to move up in income while earning a bachelor or higher degree.
MrConservative608 5 months ago
@MrConservative608 That's exactly what I'm doing. Can't find a part time job this semester though.
aphtj 5 months ago
Expanding a little more, (i.e. if a kid wants to become a doctor, he/she should first get an associates in nursing while living at home, get a job as an RN, continue living at home while going to a 4 year college or university all the way from undergraduate to becoming a doctor)
Think about it. If a kid is earning the money for college ahead of time, then that kid will be extra vigilant about the value of education because they worked hard for that money. Please tell me what you think.
MrConservative608 5 months ago
@MrConservative608 It is a good plan. For mysellf, I decided to take a year off (became part time student and worked), and saved up money. I actually worked from age 15, steady employement. I paid my first 2 years of college out of pocket. I think it made a big difference to see my savings account drop from 5-7k to 0.
What really needs to happen is what Ron Paul suggests, let colleges finance their students through, and if the kid doesn't get a job, the college eats the default.
bluefootedpig 5 months ago
100% privatisation ftw
richardcadbury 5 months ago
it's been overpriced since the 80s.
EltonJThe 5 months ago
I graduated over a year ago and I can't even get a job stocking shelves. College is a crock.
wkumatchstick 5 months ago
This has been flagged as spam show
I want to remind those bureaucratic marxist people "who jerking off to" the government education utopia,, that Steve Jobs, Mark Zuckenburg and Bill Gates do not have any formal education... 3 of the worlds most genius computer / software / sosial networking entrepreneurs...
And Michael Dell?? he dropped out of school to buildt up a billion dollar industry from a freaking garrage (NOT LITERALLY). Good video BTW!
bjarnet3 5 months ago
Who ARE these morons? What kind of IDIOT thinks there's anything less than an unlimited amount of wisdom to be derived from Shakespeare? My GOD.
UnOxonien 5 months ago
Haha this reminds me of what my Spanish professor was joking about the other day. She was like "Spanish is a very important class. It will actually be useful to you after you graduate. It's not like some of those other useless classes you guys are taking."
ColdRainyNights 5 months ago
This has been flagged as spam show
Just in case of interest:
Atlas Shrugged Part 1 is out
youtube.com/watch?feature=player_embedded&v=6W07bFa4TzM
Ron Paul 2012
ToxinalX 5 months ago
See Chocolate Milk... lift heavy weights and drink Chocolate MIlk.
bigfatgoider 5 months ago
Check out college conspiracy by NIA
mjbarrowful 5 months ago
Green Shakespeare. Get it?.
thetimman00 5 months ago
It is of course true that you don't necessarily need a degree to be successful. However, there are professions where a degree is absolutely necessary. If you are going to drop 200k on a BA in Anthropology, Women's Studies, or English Litt, it will probably not pay off. Finance, Medicine, Law, Math etc. on the other hand are most likely very good investments. The prices in the US are astronomical, btw.
Krifko 5 months ago 27
@Krifko Your point can be summerized fairly easy. BA degrees are not worth it, but a BS is. I know what you mean, my field (computer science) is not easily picked up, and with how many bad engineers there are out there with a degree, not having one just makes you more likely to be in the bad category.
bluefootedpig 5 months ago
@bluefootedpig A degree is basically an important credential for the job market. As your point implies, for most of us it is impossible to teach ourselves higher mathematics, theoretical physics, medicine, or even law. Also, try showing up at a Fortune 500 company with a high school diploma, see how Stossel's theory works out. The general idea that can be taken away from this video is that you must choose your degree wisely and make a careful cost-benefit analysis. Nothing new there, right?
Krifko 5 months ago
@Krifko It also depends on your reason for attending. Most people I have talked to go to college because they think when they graduate they will get a "good, high paying job." Whereas, I am in college because I want to learn and enjoy learning. I am also taking the Thoreauvian simple and debt free path, they tend to get into debt. Though my way takes longer, I earn money and job experience while attending, and loose no money to interest during or after school.
Killedkennyagain 5 months ago
@Krifko That's the elephant in the room. I followed this debate for a long time but nobody comes to the obvious conclusion - crap in - crap out ;)
KnightFrank 5 months ago
@Krifko its not 200,000. Please stop making up numbers. Its around 48,000-50,000.
kalijasin 5 months ago
@kalijasin I think Krifko meant $200,000 over the course of four years - but you're right, most schools are hitting the $50,000/year mark now.
larrysg1 4 months ago
Comment removed
kalijasin 4 months ago
Yes.
Next question.
rtj3184 5 months ago
well i mean there are professions where you just don't need it. When it comes to the Sciences or math that is a whole other story
Mezey5 5 months ago
College is the new economic bubble? Seems possible... it's over-emphasized and over-priced.
nova68nova 5 months ago
nice upload
sonnybrown 5 months ago