College is a Rip Off.. agree or not?

http://www.youtube.com/watch?v=V122ICNS8_0&feature=share

I agree 90% of it, some college may help at some point.. as far as I know most super rich people never had to go to college.

Depends on what you want to do in life.

It can be a waste of money but it's never a "scam" like that idiotic video suggests. If you don't get where you want after graduating, you either picked a field doesn't particularly benefit from a degree, or you weren't cut out for the competition that comes with getting a good job (did poorly in your major, lacking the interview skills, etc.). There is no "misinformation" out there. Colleges don't guarantee that you'll get a job. They don't guarantee anything.

forever aloan

While you will find some of the "super rich" as described didn't go to college, the large majority of the top 1% of this country wwent to college, and probably had some decent instruction in economics and business.

College is overpriced, certainly. It's become cost-prohibitive for a lot of people, and that's a travesty. Education should be affordable for everyone. And I don't just mean government funded scholarships, grants, and so on.

This is the type of of thinking the lazy use to justify their laziness.

Education will ALWAYS be important. Not only to advance in this world (aside from the people you might know) but personally to feel competent when other people look at your position and how you got there.

[QUOTE="mrmusicman247"]it's not. as long as you learn something.Dogswithguns

If you spend 100,000 on a degree that can't get you a decent job then you're an idiot.

Disagree. College is definitely not a ripoff. Some people just decide to be idiots and go to private schools or out of state public schools and wrack up a lot of debt.

edit: John Stossel is also an idiot

[QUOTE="Dogswithguns"][QUOTE="mrmusicman247"]it's not. as long as you learn something.Guybrush_3

If you spend 100,000 on a degree that can't get you a decent job then you're an idiot.

I'm fine with it. The government paid for my training and college degree. They're still paying for the courses I'm taking now. Plus, should that be cut off, my grades are high enough for me to apply for a scholarship.

[QUOTE="Dogswithguns"][QUOTE="mrmusicman247"]it's not. as long as you learn something.Guybrush_3

If you spend 100,000 on a degree that can't get you a decent job then you're an idiot.

Ditto.

[QUOTE="Guybrush_3"]

[QUOTE="Dogswithguns"] Learn something. and end up in dept with $100,000?!imaps3fanboy

If you spend 100,000 on a degree that can't get you a decent job then you're an idiot.

I know people who spent well over $100,000 on college and make more than enough for it to be worth it, but if you are doing something stupid like getting a "human development" degree (what does that even entail exactly) with no plans on grad school or proffessional school then you are a moron.

There are colleges in the country that are a rip off. Particularly for-profit technical schools that hook underacheiving people into high interest student loans. These schools typically have a low success rate and poor employment opportunties while promoting a life of success and grandier upon graduating. They are scams. Just like the credit default swaps that crashed the economy in 2008, they take on high risk loans and reap the rewards the Government's safety net.Student Loans is another bubble that could potentially burst to equal effects.

Despite all that. It's unfair to let those colleges smear the benefits of attending a legitimate one or education in general.
Bottom Line: Don't go to college until you're ready for a specific profession and thoroughly research and investigate the one you plan on attending. Don't be hooked by recruiters, and take your time. There is no rush.

How else will you make money? Any job that offers $50,000+ requires a college degree. You also need to get a useful degree. YoshiYogurt

Not necessarily. Plenty of trades offer damn good money and do not require any college. And in many cases there's a shortage of these trades these days because few want to enter into them anymore.

[QUOTE="YoshiYogurt"]How else will you make money? Any job that offers $50,000+ requires a college degree. You also need to get a useful degree. worlock77

Not necessarily. Plenty of trades offer damn good money and do not require any college. And in many cases there's a shortage of these trades these days because few want to enter into them anymore.

It's almost as if different things require different paths and making blanket statements either for or against college is intellectually dishonest.

[QUOTE="imaps3fanboy"][QUOTE="Guybrush_3"]

If you spend 100,000 on a degree that can't get you a decent job then you're an idiot.

Guybrush_3

I know people who spent well over $100,000 on college and make more than enough for it to be worth it, but if you are doing something stupid like getting a "human development" degree (what does that even entail exactly) with no plans on grad school or proffessional school then you are a moron.

Student Loans is another bubble that could potentially burst to equal effects.

Blue-Sky

Laregely agreed with the post in general BUT THIS IS NOT TRUE.

NOT NEARLY AS LARGE IN COMPARISON.

If you spend 100,000 on a degree then you're an idiot.imaps3fanboy

DEPENDS ON THE DEGREE, SON.

Law school, med school, MBA, etc.

[QUOTE="imaps3fanboy"]If you spend 100,000 on a degree then you're an idiot.Brosephus_Rex

DEPENDS ON THE DEGREE, SON.

Law school, med school, MBA, etc.

[QUOTE="imaps3fanboy"]If you spend 100,000 on a degree then you're an idiot.Brosephus_Rex

DEPENDS ON THE DEGREE, SON.

Law school, med school, MBA, etc.

[QUOTE="Brosephus_Rex"]

[QUOTE="imaps3fanboy"]If you spend 100,000 on a degree then you're an idiot.DroidPhysX

DEPENDS ON THE DEGREE, SON.

Law school, med school, MBA, etc.

LOL

You can get that for well under six digits, unlike the aforementioned pieces of paper.

[QUOTE="DroidPhysX"][QUOTE="Brosephus_Rex"]

[QUOTE="Brosephus_Rex"]

[QUOTE="imaps3fanboy"]If you spend 100,000 on a degree then you're an idiot.DroidPhysX

DEPENDS ON THE DEGREE, SON.

Law school, med school, MBA, etc.

[QUOTE="Brosephus_Rex"]

[QUOTE="DroidPhysX"]

DEPENDS ON THE DEGREE, SON.

Law school, med school, MBA, etc.

imaps3fanboy

y no B.S.?

[QUOTE="imaps3fanboy"][QUOTE="Brosephus_Rex"] liberal artsBrosephus_Rex

y no B.S.?

[QUOTE="Dogswithguns"][QUOTE="mrmusicman247"]it's not. as long as you learn something.Guybrush_3

If you spend 100,000 on a degree that can't get you a decent job then you're an idiot.

If you think that you have already failed.

College is what you make it. If you go in expecting them to take care of you the whole time and then get a worthwhile job just because you paid them, it's useless for you.

[QUOTE="Brosephus_Rex"]

[QUOTE="imaps3fanboy"] Some liberal arts degrees are pretty valuable. I'm a declared Econ major (B.A)imaps3fanboy

y no B.S.?

Does yours? If so, you CERTAINLY SHOULD. A B.S. in econ is ACTUALLY a worthwhile degree in terms of your initial post. People will pay for the math skills. Otherwise, it's a p. typical, perhaps slightly above average, liberal arts degree. Just sayin', Brahmski.

They could have saved a lot of money. Anything over 60,000+ is too much for undergrad.imaps3fanboy

Hell, I think paying over 20 grand is insane, but there is nothing you can do when system is flooded with free money and no end to the demand.

I'm scared of doing the 15k in debt thing.

SOMEONE HOLD ME!

[QUOTE="imaps3fanboy"][QUOTE="Brosephus_Rex"]

y no B.S.?

Brosephus_Rex

Does yours? If so, you CERTAINLY SHOULD. A B.S. in econ is ACTUALLY a worthwhile degree in terms of your initial post. People will pay for the math skills. Otherwise, it's a p. typical, perhaps slightly above average, liberal arts degree. Just sayin', Brahmski.

[QUOTE="imaps3fanboy"]They could have saved a lot of money. Anything over 60,000+ is too much for undergrad.Wasdie

Hell, I think paying over 20 grand is insane, but there is nothing you can do when system is flooded with free money and no end to the demand.

Jamie Dimon, CEO of Chase http://en.wikipedia.org/wiki/Jamie_Dimon

Lloyd Blankfein, CEO of Goldman Sachs http://en.wikipedia.org/wiki/Lloyd_Blankfein

James P. Gorman, CEO of Morgan Stanley http://en.wikipedia.org/wiki/James_P._Gorman

Vikram Pandit, CEO of Citibank http://en.wikipedia.org/wiki/Vikram_Pandit

All of these guys had to go to college. A lot of people like this have M.B.A.'s. Do you think anyone they let get close to them would have anything less than what they have? Of course not. To get anywhere close to someone like that (in a working enviornment or wherever) you have to be on their level. No one that successful wants to hang out with fools. And these are just the CEO's. There are a whole lot of people that they depend on who also have similar degrees.

Jamie Dimon, CEO of Chase http://en.wikipedia.org/wiki/Jamie_Dimon

Lloyd Blankfein, CEO of Goldman Sachs http://en.wikipedia.org/wiki/Lloyd_Blankfein

James P. Gorman, CEO of Morgan Stanley http://en.wikipedia.org/wiki/James_P._Gorman

Vikram Pandit, CEO of Citibank http://en.wikipedia.org/wiki/Vikram_Pandit

All of these guys had to go to college. A lot of people like this have M.B.A.'s. Do you think anyone they let get close to them would have anything less than what they have? Of course not. To get anywhere close to someone like that (in a working enviornment or wherever) you have to be on their level. No one that successful wants to hang out with fools. And these are just the CEO's. There are a whole lot of people that they depend on who also have similar degrees.

lo_Pine

um

it's p. obvious how Blankfein got the job

and it's not because he went to college

[QUOTE="lo_Pine"]

Jamie Dimon, CEO of Chase http://en.wikipedia.org/wiki/Jamie_Dimon

Lloyd Blankfein, CEO of Goldman Sachs http://en.wikipedia.org/wiki/Lloyd_Blankfein

James P. Gorman, CEO of Morgan Stanley http://en.wikipedia.org/wiki/James_P._Gorman

Vikram Pandit, CEO of Citibank http://en.wikipedia.org/wiki/Vikram_Pandit

All of these guys had to go to college. A lot of people like this have M.B.A.'s. Do you think anyone they let get close to them would have anything less than what they have? Of course not. To get anywhere close to someone like that (in a working enviornment or wherever) you have to be on their level. No one that successful wants to hang out with fools. And these are just the CEO's. There are a whole lot of people that they depend on who also have similar degrees.

DroidPhysX

um

it's p. obvious how Blankfein got the job

and it's not because he went to college

I don't think it's a ripoff it's necessary in order to get alot of good jobs and it really isn't *to* expensive once you factor in how much you'll make in your career field. But anyone who payed over 60k for a degree, is an idiot. My associates degree will cost me mid 10-15k, i think a bachelors will run 20-40k depending of what you major in. If you're paying over 60k then it must be one hell of a school, OR you're going into something such as law/medical/?engineering? so i can understand the cost.

definately, but college is important in actually getting somewhere in the world

[QUOTE="Brosephus_Rex"]

[QUOTE="imaps3fanboy"] F*** math. Don't really want to take econometrics or linear regression. Will probably do them anyways. Going to grad school for something different so I don't think it matters anyhow. Many schools only offer B.A in Econ btw.imaps3fanboy

Does yours? If so, you CERTAINLY SHOULD. A B.S. in econ is ACTUALLY a worthwhile degree in terms of your initial post. People will pay for the math skills. Otherwise, it's a p. typical, perhaps slightly above average, liberal arts degree. Just sayin', Brahmski.

Which is distorted b/c math peeps raise the average (forecasters, actuaries, etc. make the real money) when you are pursuing a B.A. - but since you have decided to do urban development stuff, IT SEEMS YOU ARE NOT IN IT FOR THE MONEY, so that matters less, I suppose.

There are many misconceptions about colleges that lead many to believe that is is a rip off.

Personally it depends on what you're shooting for and your ambitions in life are. Those with a high school diploma did well because they were most likely ambitious and willing. The same can be said for those with college degrees.

It depends.