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.
The following are 35 shocking facts that prove that college education in America has become a giant money making scam....
The Student Loan Debt Bubble
#1 After adjusting for inflation, U.S. college students are borrowing about twice as much money as they did a decade ago.