John Stossel: What everyone’s afraid to say about college and jobs
College is a VERY big business and is almost as useful to some people as tits on a bull. All it amounts to is a playground for the spoiled brats to party and blow more of the their parents hard earned money.
Unless a person is going to be a doctor or in a very specialized field, they do not need a college degree. It is all a hype and a gigantic money makers.
Regardless of what job a person starts, even a doctor, what is the 1st thing they have to do?? More OTJT (on the job training) to get acclimated to that type of position. So why did they go to college for 4-8 years when their training starts all over again when they graduate?
Any person, including a doctor could easily could learn their occupation with OTJT in half the time or less, and never put a foot in college.
One of the most common degrees people go after because they don’t know what they want to do, is a business degree.
What are the most popular majors for postsecondary students?
Of the 1,895,000 bachelor’s degrees conferred in 2014–15, the greatest numbers of degrees were conferred in the fields of business (364,000), health professions and related programs (216,000), social sciences and history (167,000), psychology (118,000), biological and biomedical sciences (110,000), engineering (98,000), visual and performing arts (96,000), and education (92,000). At the master’s degree level, the greatest numbers of degrees were conferred in the fields of business (185,000), education (147,000), and health professions and related programs (103,000). At the doctor’s degree level, the greatest numbers of degrees were conferred in the fields of health professions and related programs (71,000), legal professions and studies (40,300), education (11,800), engineering (10,200), biological and biomedical sciences (8,100), psychology (6,600), and physical sciences and science technologies (5,800).
Top subject is business (364,000). Through this entire list of occupations, a good 85% of them could be taught with OTJT, in .25% of the time and with very little expense. BUTT the public has been brainwashed through the years, that without college a person is a leper marooned on an island by themselves.
Now the 64,000$ answer. IF – IF – IF the kids went to college with the intention of getting an education instead of partying their little asses off, they would finish in 4 years instead of 6 and come out with a decent education. BUTT, what will be the 1st thing they do when they get a job (IF the can) OTJT. Whether it was 4 – 6 or 8 years, only 25% of them really needed a college education.
Wanna choke on some numbers: According to the State Higher Education Executive Officers, four-year state schools and community colleges took in $61.8 billion worth of tuition dollars, including money from federal loans and grants, in fiscal year 2013.Jan 14, 2015
If only the 25% that needed college would attend, that would cut that 61.8 down to 13 billion. Quiet a hunk.
The colleges are so slick that they continually change the books they sell to students so the students can not pass them down to their siblings or friends that may want to take the same subject.
- The average bachelor’s degree holder contributes $278,000 more to local economies than the average high school graduate through direct spending over the course of his or her lifetime; an associate degree holder contributes $81,000 more than a high school graduate.
- The quality of colleges greatly affects the size of these benefits. High value-added four-year colleges contribute $265,000 more per student to local economies than low-value added four-year colleges. The contribution is $184,000 for high value-added two-year colleges.
- Sixty-eight percent of alumni from two-year colleges remain in the area of their college after attending, compared to 42 percent of alumni from four-year colleges. High-value added colleges are no more or less likely to retain students in their metropolitan area.
- State and local governments, as well as their taxpayers, have a very strong incentive to boost college attendance and completion, especially at higher quality institutions. Risk-sharing of federal student loans—based on value-added principles—is one promising approach to promoting greater economic returns for students and taxpayers.
SOOO, we axe, why is a college education pushed on our confused kids so intensely??
In the mix, there are a loads of more benefactors that reap a profit from kids going to college; bars (huge) – restaurants. If I had to guess, the least visited facility in the towns would be their library.
I think the $$$$ speak for them-self. In one big nuts-shell; all combined colleges bring in 100’s of billion of dollar$ a year to the economy each year. Best of all, OTJT could eliminate 27% or more of that number. Would that ever happen? Don’t hold your breath.