Claim: A college degree nowadays more likely equates to a liability than an asset for most people. We’ve been feeding this generation with the concept that going to school working hard and graduating college means success. It does not have the same value that is used to.
reason: Because of the success our parents had from getting a degree, college became more common and became much more complex and much more expensive.
Evidence: Nowadays it’s not enough just get into college. It has to be a high ranking school for it to have a decent amount of value.
Evidence: the better the college, the higher the price tag. Back in the 70’s at Tulane university, room and board was $2,500 a year and now it’s $60,000.
Reason: College used to open doors that otherwise would not be available, but now that is not necessarily true.
Evidence: Not uncommon for a guy with a masters’ degree paying off his student loan debt to be working next to a guy who has his GED. Only difference is one guy has 5 figures in debt to pay back.
Evidence: Many graduate still not knowing what they want to do in life
Evidence: The student debt weighs a fresh graduate down so much that the first thing they have to worry about out of college is repaying their debt, not finding a career.
Evidence: The national student loan debt is $1 trillion.
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