Le ponzi éducatif est sur le point d'exploser aux USA...
Et ça commence à sortir de partout sur la blogosphère :
|Student Loan Debt Hell: 21 Statistics That Will Make You Think Twice About Going To College|
|ZeroHedge, Michael Snyder At Economic Collapse, 28/04/2011 (traduire en Français )|
Is going to college a worthwhile investment? Is the education that pour young people are receiving at pour colleges and universities really worth all of the time, money and effort that is required? Decades ago, a college education was quite inexpensive and it was almost an automatic ticket to the middle class. But today all of that has changed.
At this point, college education is a big business. There are currently more than 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation throughout the United States.
There are quite a few "institutions of higher learning" that now charge $40,000 or even $50,000 a year for tuition. That does not even count room and board and other living expenses. Meanwhile, as you will see from the statistics posted below, the quality of education at pour colleges and universities has deteriorated badly. When graduation finally arrives, many of pour college students have actually learned very little, they find themselves unable to get good jobs and yet they end up trapped in student loan debt hell for essentially the rest of their lives.
If you are a parent and you are shelling out tens of thousands of dollars every year to pay for college you need to know the truth.
You are being ripped off.
Sadly, a college education just is not that good of an investment anymore. Tuition costs have absolutely skyrocketed even as the quality of education has plummeted.
A college education is not worth getting locked into crippling student loan payments for the next 30 years.
Even many university professors are now acknowledging that student loan debt has become a horrific societal problem. Just check out what one professor was quoted as saying in a recent article in The Huffington Post....
“Thirty years ago, college was a wise, modest investment,” says Fabio Rojas, a professor of sociology at Indiana University. He studies the politics of higher education. “Now, it’s a lifetime lock-in, an albatross you can’t escape.”
Anyone that is thinking of going to college needs to do a cost/benefit analysis.
Is it really going to be worth it?
For some people the answer will be "yes" and for some people the answer will be "no".
Posted below are 21 statistics about college tuition, student loan debt and the quality of college education in the United States....
#1 Since 1978, the cost of college tuition in the United States has gone up by over 900 percent.
#2 In 2010, the average college graduate had accumulated approximately $25,000 in student loan debt by graduation day.
#3 Approximately two-thirds of all college students graduate with student loans.
#4 Americans have accumulated well over $900 billion in student loan debt. That figure is higher than the total amount of credit card debt in the United States.
#5 The typical U.S. college student spends less than 30 hours a week on academics.
#6 According to very extensive research detailed in a new book entitled "Academically Adrift: Limited Learning on College Campuses", 45 percent of U.S. college students exhibit "no significant gains in learning" after two years in college.
#7 Today, college students spend approximately 50% less time studying than U.S. college students did just a few decades ago.
#8 35% of U.S. college students spend 5 hours or less studying per week.
#9 50% of U.S. college students have never taken a class where they had to write more than 20 pages.
#10 32% of U.S. college students have never taken a class where they had to read more than 40 pages in a week.
#11 U.S. college students spend 24% of their time sleeping, 51% of their time socializing and 7% of their time studying.
#12 Federal statistics reveal that only 36 percent of the full-time students who began college in 2001 received a bachelor's degree within four years.
#13 Nearly half of all the graduate science students enrolled at colleges and universities in the United States are foreigners.
#14 According to the Economic Policy Institute, the unemployment rate for college graduates younger than 25 years old was 9.3 percent in 2010.
#15 One-third of all college graduates end up taking jobs that don't even require college degrees.
#16 In the United States today, over 18,000 parking lot attendants have college degrees.
#17 In the United States today, 317,000 waiters and waitresses have college degrees.
#18 In the United States today, approximately 365,000 cashiers have college degrees.
#19 In the United States today, 24.5 percent of all retail salespersons have a college degree.
#20 Once they get out into the "real world", 70% of college graduates wish that they had spent more time preparing for the "real world" while they were still in school.
#21 Approximately 14 percent of all students that graduate with student loan debt end up defaulting within 3 years of making their first student loan payment.
There are millions of young college graduates running around out there that are wondering where all of the "good jobs" are. All of their lives they were promised that if they worked really hard and got good grades that the system would reward them.
|Irony of the Day: National Inflation Association Declares "America's College Bubble Next to Burst"|
|Mish's Global Economic Trend Analysis, Mike Shedlock, 08/05/2011 (traduire en Français )|
NIA : The National Inflation Association whose purpose is "Preparing Americans for Hyperinflation" says America's College Bubble Next to Burst
The National Inflation Association (NIA) is pleased to officially announce that it will soon be releasing its hour long documentary 'College Conspiracy', which will expose the U.S. college education system as the largest scam in U.S. history. NIA has been producing 'College Conspiracy' for the past six months and plans to release the movie on May 15th. NIA members will be given the first opportunity to watch this must see documentary, which we hope will change the college education industry for the better.
Almost everybody applying to college has heard the oft-repeated statistic that Americans with college degrees earn $1 million more in lifetime income than high school graduates without a degree. This is one of those statistics that gets repeated so many times that just about everybody accepts it as fact, but nobody actually does the research to confirm whether or not it is true.
The only service in America that continued to rise in price throughout the financial crisis, besides health care, was college education.
The current college education bubble is one of the largest bubbles in U.S. history. The college bubble has been fueled by the U.S. government's willingness to give out cheap and easy student loans to anybody who applied for them, regardless of if they will ever have the ability to pay the loans back. Student loan debt in America is now larger than credit card debt, but unlike credit card debt, student loan debt can't be discharged in bankruptcy.
For the vast majority of college courses, there is absolutely nothing that students can learn in a huge multi-million dollar lecture hall with hundreds of other students that they can't learn at home listening to that same professor on a computer.
Mish : I am 100% in agreement with the National Inflation Association that the cost of college education is in a bubble that will burst and costs will come down. Please note that the busting of bubbles with falling prices to boot is without a doubt a deflationary phenomenon.
|L’endettement des étudiants américains atteint des sommets jamais vu jusqu’à lors|
|Wall Street Journal via Le blog à Lupus, 09/05/2011 (traduire en Français )|