Don’t you wish that someone had told you the truth before you went to college? Don’t you wish that someone had told you that college has become a giant money making scam that is designed to drain as much money out of students and parents as possible? Yes, college can be a profitable endeavor if you pick your field of study wisely, if you can get someone else to pay for at least some of it and if you can actually get a good job in that field when you graduate. But most high school students are never told to weigh the pros and the cons before they run off to college. The typical high school student is simply told to get into the “best school” that he or she can and to take out whatever loans are “necessary” to pay for that education. Our high school students are assured that those student loans will be paid back easily once they get “good jobs” following graduation. But the truth is that there are some other things that high school students should be told before they go off to college as well. They should be told that student loan debt can cripple them financially for decades. They should be told that the quality of education at most U.S. colleges and universities is a total joke. They should be told that most college graduates do not get a “good job” once they graduate these days. They should be told that after they receive their diplomas they are likely to end up flat broke, waiting tables and living with their parents. (Read More...)
Student Loan Debt
35 Shocking Facts That Prove That College Education Has Become A Giant Money Making Scam
College education in America is a bad joke. Instead of preparing the next generation of leaders for the jobs of tomorrow, the college education “industry” has become a giant money making scam. We constantly preach to our high school students that they “need” to go to college and we tell them to not even worry about how much it is going to cost because a college education is “always” worth the money. Then we lend them outrageous amounts of money so that they can pay the gigantic bills for the “education” that they are receiving. But the truth is that the quality of education at America’s colleges and universities is absolutely abysmal these days. I spent 8 years at U.S. universities, and most of the courses that I took could have been passed by the family dog. Sadly, once our young people graduate they quickly discover that there are way too many college graduates and not nearly enough good jobs. Today, we have millions upon millions of young Americans that are enslaved to student loan debt for the rest of their lives. They were promised a bright future, but instead most of them are discovering that they are going to be working really hard to pay off financial predators for decades to come. Unfortunately, for most college graduates a diploma is simply a ticket to a crappy job and a lifetime of debt slavery. (Read More...)
The Mad As Hell Generation: 20 Reasons Why Millions Of Americans Under The Age Of 30 Are Giving Up On The U.S. Economy
Millions upon millions of young Americans have completely lost faith in the U.S. economy and are mad as hell that their economic futures have been destroyed. The recent economic downturn has hit those under the age of 30 the hardest. Today, there are hordes of young people that should be entering their most productive years that are sitting home with nothing to do. Many of them have worked incredibly hard throughout high school and college. Many of them have stayed out of trouble and have done everything that “the system” asked them to do. But once they got finished with school, the promised “rewards” simply were not there. Instead, millions of young Americans are faced with crushing student loan debt loads in an economy where they can’t find good jobs. When you are in your twenties, it can be absolutely soul-crushing to send out hundreds (or even thousands) of resumes and not get a single interview. Most of us grew up believing that we would “be something” when we got older, and millions of young Americans are having those dreams brutally crushed right now. Americans under the age of 30 voted for Barack Obama in droves back in 2008 because they believed that he would make things better. Instead, Barack Obama has made things even worse. Significant numbers of young Americans are starting to wake up and realize that neither political party is providing any real answers, and they are starting to get mad as hell about it. (Read More...)
Is College Worth It?
Is college worth it? Is a college education really worth the investment of time, money and energy? Is a college degree really worth becoming enslaved to student loan debt that will haunt you for decades? The truth is that a college education is a massive gamble. For millions of Americans it works out well, but millions of other college graduates have found themselves completely unable to get a quality job in this economy and yet they are still trapped in a nightmare of student loan debt from which there is no escape. Millions of young Americans have discovered that they have become “indentured servants” the moment they graduate. The entire system encourages our young people to take out whatever college loans they “need” without worrying how they will pay them back because a college education is such a good “investment”. Once upon a time, a college education was actually an almost automatic ticket to the middle class. Today, a college education does not guarantee you anything, but for millions of Americans it does turn out to be an automatic ticket to student loan hell. (Read More...)
Now That The Super Bowl Is Over, Here Are 17 Facts Which Prove America Is A Debt Pig That Is Deeply Addicted To Debt-Fueled Prosperity
Wasn’t the Super Bowl wonderful this year? Congratulations to the Green Bay Packers! It is amazing how much money people will spend to attend this game each year. Just a few hours before kickoff, some tickets were selling for over $4000 a seat. Not that it wasn’t a great show. It turned out to be a really great game and it was held in perhaps the most extravagant sports facility ever constructed in the history of mankind. Even the halftime show, featuring the Black Eyed Peas, was a spectacle of historic proportions. This year the Super Bowl truly was quite a grand party. In America, everything always has to be bigger and better. We take pride in constantly outdoing ourselves. Other nations of the world look at our great prosperity in envy. But do we ever stop to ask ourselves where all of this great prosperity has come from and if we can continue to afford it all? (Read More...)
College Education?: Shocking New Research Proves That Our College Students Are Learning Next To Nothing
Have you ever wondered what all those college students are actually learning? Well, according to one shocking new study, they are apparently not learning much at all. 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. For many Americans, a statistic like that comes as a complete shock, but for anyone that has spent much time in or around U.S. colleges lately this should not come as much of a surprise. This new research also found that today’s students spend approximately 50% less time studying than U.S. college students did just a few decades ago. What this research shows is what many of us have known for a long time – that the quality of college education in the United States today is a complete and total joke. (Read More...)
16 Shocking Facts About The Student Loan Debt Bubble And The Great College Education Scam
As you read this, there are over 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation across the United States. Many of these institutions of higher learning are now charging $20,000, $30,000 or even $40,000 a year for tuition and fees. That does not even count living expenses. Today it is 400% more expensive to go to college in the United States than it was just 30 years ago. Most of these 18 million students have been told over and over that a “higher education” is the key to getting a good job and living the American Dream. They have been told not to worry about how much it costs and that there is plenty of financial aid (mostly made up of loans) available. Now our economy is facing the biggest student loan debt bubble in the history of the world, and when our new college graduates enter the “real world” they are finding out that the good jobs they were promised are very few and far between. As millions of Americans wake up and start realizing that the tens of thousands of dollars that they have poured into their college educations was mostly a waste, will the great college education scam finally be exposed? (Read More...)
Turn Out The Lights – The Party Is Over: 20 Signs That American Consumers Are Completely And Totally Tapped Out
Many economists have been mystified that even though the recession is “over”, American consumers have not opened their wallets and started spending again like they normally do at the end of a recession. News report after news report has encouraged Americans to grab their credit cards and to head out to the stores and start spending again, but it just is not happening. So why are things different this time? Well, for one thing there is a lot of fear in the air. Poll after poll after poll shows that faith in the economy has collapsed and that large numbers of Americans fear that things are going to get even worse for the economy soon. But for millions of other Americans there is another problem – they couldn’t spend more money if they wanted to. The truth is that living on credit for decades has caught up with us as a nation. Americans are absolutely drowning in mortgage debt, car loans, credit card debt and student loan debt. As wages have stagnated, credit has enabled many of us to pursue the American Dream and to live far beyond our means, but that doesn’t last forever. Now tens of millions of Americans are completely and totally tapped out. But without the return of the voracious American “consumer” there is not going to be a full economic “recovery”. (Read More...)