The Million Dollar Lie 2

Charles Reed, chancellor of the California State University system, tells the Million Dollar Lie.

Category:

Education

Tags:

• college
• university
• education
• charles
• reed
• california
• state
• csu

[waverly2468]

Read the book "Money for Nothing" , which is about someone who worked in the lump sum industry (purchasing lottery annuities from winners). This reminds me of how states oversell their lotteries--ie. when you win a million in the lottery, you don't get a million all at once--you get a check for $40,000 a year for 20 years--and those years go by fast. A college degree may not even get you that much.

[DontGoToCollege]

That's an interesting comparison. Thanks for your comment.

[lilgame34]

Hey,

I heard you mentioned in your other videos that you have significant amount of debt. How much debt do you owe at the moment?

[DontGoToCollege]

It's about average for a typical college student - in the low five figures.

[TheStoicAgnostic]

I'm looking for current statistics

there's an article

"Unemployed College Grads Outnumber High School Dropouts"

on a site called savvysugar

it's from december but it says ..

look at the title

I'm interested in finding the statistics on this now because I feel it's much worse than 6 months ago.

Can you look into this maybe?

thanks

[DontGoToCollege]

I found that article. Thanks a lot!

I'll do a report on it and try to find more current stats.

[lilgame34]

THIS MESSAGE YOU ARE SAYING IN THIS VIDEO NEEDS TO GET OUT ABROAD!

Many think that getting a bachelors degree is everything in life to be a sucess...awesome video!

[whyyesyes]

It seems like the attitude of most people in college is that they're there so they'll be able to make money after college. That's a bad attitude.

[polyideas]

funny how if u want to become president like obama, u need a college degree...if u want to make money east and fast buy or make ur own business... without a degree u need lots of help and creativity and knowledge of your own..Most PEOPLE CANNOT NOR HAVE THESE QUALITIES NOR DO THEY WANT TO TAKE THESE RISKS<<<SOO THT Y WE GO TO COLLEGE TO TAKE THE WHAT SEEMS TO BE THE EASIER WAY INTO OUR REALITY

[LuckyIzzy659]

your a smart guy. What do you do for a living? I'm not sure what i want to do yet.

[MultiSmartass1]

You are promulgating the one dollar lie: that you don't need to go to college to get a good job. Getting a college education has nothing to do with getting a job. The skills required for obtaining and holding down a job are different from the skills required to do well academically in college. If you want a job, get a job. if you want an education, go to college. You want to live in some anti-college fantasy world where a formal education doesn't matter. Time to wake up.

[dan020350]

I would agree its a lie.......... BA then MD then Ph.D.. then law school......... this is what one of my philosophy law professors said he went through.