- College has never been more expensive - Student loan debt is hard to discharge in bankruptcy - High paying jobs do not require college degrees and non-traditional education programs like trade and code schools exist for them
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2013 survey of 60,000 people determined that the average student loan recipient would need 21.1 years to pay down their debt. - Outsourcing has never been easier. - Automation has never been more powerful. - Labors share of national income is at a historical low
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Basically, if you go to college today you better be rich, because otherwise you’re making a terrible decision.
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When I was 18 I didn’t want to go to college. I was an idiot and didn’t reach this decision through reasoning. It just didn’t feel like a good move for me. Unbeknownst to me, we didn’t have the money and I and my parents were loading me up with student loan debt.
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I got lucky and my parents were able to sell their company and pay it down. Besides social education and fun, the people only two things I got out of it were an understanding of mathematical and a math prof telling me to learn to program which I did by myself in a bookstore.
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Other than that, it was pretty much a waste of 4 years and a lot of money. So for those contemplating it... You better think long and hard about whether you want to be a slave to those 4 years of drinking, partying, and cramming then forgetting crap that is mostly useless.
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End of conversation
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I’d like to see what college costs per hour of time in class - has to be ridiculous.
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This is why I am abhorrently opposed to capitalism as an ideal, but a participant in it as relevant and expedient.
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