The Pros And Cons Of Going Into Crippling Debt To Acquire A Useless Degree

Via The Babylon Bee

College is more expensive than ever! Many young people are going into debt that will crush them for the rest of their lives to attend college– all for a degree that ends up being totally useless! But is it worth it? You betcha!

We want you to be as informed as possible before you decide to go to college. Here are some pros and cons:

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Ernst & Young no longer Requires Degrees – No Evidence a Degree = Success

Guest Post by Martin Armstrong

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I have warned that 2015.75 was the peak in government and the two many industries that government subsidizes has created the decay within our American society reducing disposable income – healthcare and education. Degrees I have warned are really worthless. About 60% of graduates cannot find employment in the degree they have paid for.  Both education and healthcare have become the greatest violation of consumer laws to date, and nobody does anything about it. Hospitals are growing trying to put out of business the private local general practitioner aided by the lawyers driving up legal claims enticing people to file suits as if this is a lottery or casino to get rich quick.

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How Student Loans Create Demand For Useless Degrees

Submitted by Josh Grossman via The Mises Institute,

Last week, former Secretary of Education and US Senator Lamar Alexander wrote in the Wall Street Journal that a college degree is both affordable and an excellent investment. He repeated the usual talking point about how a college degree increases lifetime earnings by a million dollars, “on average.” That part about averages is perhaps the most important part, since all college degrees are certainly not created equal. In fact, once we start to look at the details, we find that a degree may not be the great deal many higher-education boosters seem to think it is.

In my home state of Minnesota, for example, the cost of obtaining a four-year degree at the University of Minnesota for a resident of Minnesota, North Dakota, South Dakota, Manitoba, or Wisconsin is $100,720 (including room and board and miscellaneous fees). For private schools in Minnesota such as St. Olaf, however, the situation is even worse. A four-year degree at this institution will cost $210,920.

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