ABC 20/20 - College is a Rip Off

College is a rip-off

• Category

  Education

[11xChelsea]

Society doesn't care.

[Todd Oetken]

I worked myself to death every summer to earn money and pay off my college loan. I graduated college DEBT FREE. Still, employment was not there. I am now employed in an industry that has nothing to do with my B.A. Degree. College was a waste of time and money. Trade schools are the best move today.

[Steve Mellinger]

Agreed. But it is easy to bait people in. Not everyone bites, but the law of averages says that some will.

[Steve Mellinger]

Same. I got my employer to pay for my university while working and it paid off in spades.

But then again, I don't believe in debt.

[Solomon Utuedor]

Corporate America contributes to this madness. Most CEO's are former students of some ivy league and tend to hire fellow classmates. An associate degree should be enough to get a job in any field

[OCDTraci]

I agree with what the video has to say.So my question is this: Why are colleges allowed to do this to people? Mislead, that is?

[vendetta2377]

I've met a few college graduates in the past few years. One kid that comes to mind is about my age who was a fellow employee while I was working for a company up in North Dakota, he has a political science degree (he went to one of the big schools, I believe it was Harvard if I'm not mistaken) and is in debt $200,000. I asked these people personally if they believe college is a scam and they said yes. This nation is $1,000,000,000,000 (1 trillion dollars) in college loan debt alone.

[Pfsif]

The American economy is about debt, house, college, credit cards, and car. The only winners in the American economy are the Banks who will soon own EVERYTHING. We are all slaves to debt/banks.

[22millhous]

Best choice I ever made. I spent 3 years prior working full-time and taking community college courses full time. My job payed for my community college tuition. I've since transferred to and electrical engineering program at a 4 year university with only three terms left!!

[HomeSkillet489]

If you're going to live ENTIRELY off of college loans during college, like these guys did, you're insane.

[HomeSkillet489]

Hey, keep your ego to yourself!!!!!

[Khoi Pham]

Thats your fault. You should've done internships while u were in college. Find connections. Get recommendations. Colleges educate students. Thats it. It's up to the students after that point. It doesn't matter if u learn in college or learn at home. College's purpose is to teach students and give them a degree that says these guys aren't nut jobs. These guys are ok. Colleges can't babysit students. It's up to them to know what they need to get a job. As competition increase, so does awareness