College Education is a Giant Money Making Scam
Post date: June 11, 2018
Many college students in the United States have been informed severally that a “higher education” is the solution to attaining a high-quality job and living the American Dream. They have been informed to worry not concerning the amount charged as a fee and that there is a massive financial assistance (mostly through loans) present. The miserable truth is that several college courses are a total joke and they do modestly to get those students ready for the actual world. Several college courses are extremely easy and can be passed even without attending classes. When these students eventually graduate, young people come to realize that they were deceived all these time. The promised “quality jobs” are not available for a good number of them, but the gigantic debts that they devoted themselves to will trail them around eternally.
When one is just beginning work and is not making a lot of cash, settling tens of thousands of dollars of student loan arrears can be utterly crippling. To make it worse, the loans have increased immensely as compared to previous years and give students hard time settling them. For instance, in 1993, the average student loan arrears burden at graduation was $9,320, but today it is over $30,000, which is an alarming figure. The problem is that these students are unable to secure good jobs that can enable them to settle the arrears. Some of them do not even get employment immediately. The job field has become extremely difficult, nowadays, as it makes several graduates stay for long without jobs. The focus is on why colleges use sweet words to lure students into their systems with empty promises that make students live miserable lives thereafter.
Underemployed Graduates from Colleges in the US
According to results released in 1992, there were over five million underemployed graduates from colleges across the US. In 2014, the number had increased to 17 million underemployed graduates from colleges in the US. Presently, the number of underemployed graduates in the US has extended beyond 20 million, which shows that things are becoming worse instead of improving. Some of them even end up securing jobs that are not in line with their careers just because they need to survive (Arum and Roksa 39). For example, over 365,000 cashiers in the US currently have college degrees in various careers, but because they have not attained job in their line of career, they have ended up as cashiers. The situation is extremely bad, because the money the graduates earn after completing a college education is not anywhere near what they expected. However, since they have to repay the education loans, they end up living miserable lives that make some of them commit suicide.
Colleges, on the other hand, continue benefiting from these struggling students. They do not even pity them when they are unable to repay the loans. Colleges are out to make money without considering what happens to students thereafter. Colleges continue profiting with college owners becoming richer while students continue suffering. The education offered by these colleges is not even of high standard, because it does not help students cope with the environment when there is no work. They only focus on career subjects that students select and never engage on other basic life skills that can benefit students whenever things go wrong. These students remain slaves to the college loans for the rest of their lives. Several studies show that the quality of college education in the US stinks. A typical American college learner squanders less than 30 hours every week on academics. This means that a student spends only five hours a day on academics while the rest of the time is spend on other activities.
What do students do in the school compound the rest of the hours?
Herzog, Serge, and Bowman in their book Academically Adrift: Limited Learning on College Campuses emphasized that at least 45% of the entire student team in the US exhibit no noteworthy achievements in learning after spending two years in college. Additionally, presently, college learners spend about 50% less time learning than the US college learners did a few decades ago. This means that colleges allow students to engage in other insignificant activities in the school compound other than learning. What are these activities? Are they worth the amount charged for studying in these colleges? The same book mentions that 50% of college learners in the US have never attended a class where they had to write more than 20 pages and colleges do nothing about it.
This means that colleges do not encourage these students to study hard. A person always gets determined to achieve the best when he or she understands the significance of that specific thing. The fact that several college students do not embrace learning spirit shows that they are not empowered on the significance of education in their careers and future lives. The same study shows that 32% of college learners in the US have never selected or attended a class where they had to read over 40 pages in a single week. This shows that reading or learning spirit ends at high school level. The college education is just a waste of money, and college owners use this opportunity to make money while graduates suffer thereafter.
It is extremely heartbreaking to realize that college learners in the US spend at least 4% of their time sleeping, 7% studying and 51% socializing. In other words, college students attend colleges to socialize other than to learn. The socialization factors make students forget about education and consequently, they fail their exams and are forced to repeat some classes. According to Federal statistics on education released in 2015, only 36% of full-time learners in the US colleges who started college in 2001 attained a bachelor’s degree within the expected time – four years. More than 60% had to repeat classes at some point in their college lives, which is extremely sad, especially when compared with the money they pay (Hargreaves 101).
In fact, presently, there are millions of young Americans who are enslaved to student loan arrears that they will have to repay until their deaths. They were assured a bright future when they were joining colleges and gave their all, but instead, several of them are finding out that they are anticipated to toil extremely hard to repay loans. To make it worse, most of them work the rest of their lives for colleges, because they acquire jobs that pay poorly and three-quarters of their salary goes to repay loans. For example, a student who expected to attain a job that could pay him or her minimum of $2,000 a year ends up earning a maximum of $1,000 annually while a college loan consumes up to $650 annually, it becomes difficult for such a person to live a normal life. Living on $350 for the whole year is like living under $1 a day, which means these graduates end up living a fed-up life than their expectation.
In fact, the research has proven that most high school graduates live good and happy lives with the little they earn than college graduates. They work hard for the little because they know that is what they can afford according to the education level they acquired. This makes them contented with life and work harder to increase their earnings. College graduates, on the other hand, are always depressed and feel stressed with life, because the life they expected to live is not close to the actual life they live now. They remain slaves to college debts for the rest of their lives. In fact, when they end up attaining some other jobs besides their careers, these college graduates fail to pay debts because they cannot manage. In this case, they are forced to repay, graduates from college across the US earn less than their high school graduates counterparts. It is too shameful for a person to waste four more years to acquire higher education and when through, earns same or lesser than his or her friend who never made it to college.
These graduates give up their money, time, and other resources to achieve the best from life than those who discontinue education after high school. When these fail to happen, college graduates often become frustrated with work and life in general. They cannot give their best at work, especially when they remember that they need to pay a loan that never helped them. It never helped them, because they are working on a different job that he or she never studied for simply because he or she never managed to attain a job on his or her career line.
Arum, Richard, and Josipa Roksa. Academically Adrift: Limited Learning on College Campuses. Chicago: University of Chicago Press, 2011. Print.
Hargreaves, Andy. Teaching in the Knowledge Society: Education in the Age of Insecurity. New York: Teachers College Press, 2003. Print.
Herzog, Serge, and Nicholas A. Bowman. Validity and Limitations of College Student Self-Report Data. San Francisco: Jossey-Bass, 2011. Print.
Langwith, Jacqueline. College. Farmington Hills, MI: Greenhaven Press, 2009. Print.