Why College is a Waste of Time | Student Loans Debt Crisis | The Business Newsroom Episode 7
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- เผยแพร่เมื่อ 4 ต.ค. 2024
- Why College is a Waste of Time | The Business Newsroom Episode 8
Are you wondering if you should go to college? Are you worried that you didn't go to college? After seeing a video of Gary Vaynerchuk's College Rant, Neil and Greg Winteregg decided to discuss why college is a waste of time.
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So I was college in the 90’s when college was affordable. Now I decided to go back to college last year to upgrade so I could get into my program. Two weeks ago after assessing the price and the debt that I would occur I said forget it and dropped out!!! Best decision I ever made; all the things I need to learn, I can get from the internet for free. I will be starting my own design business and to hell with college!
Good call. Keep following us for help with your new business!
25 to 30 years ago college was worth it now it's worthless
That's something I've been contemplating on as far as college being a scam.
If you have, say, 20 students that applied and are attending with 1 semester being, say, $4,000 then you just generated $80,000 with the students doing all the work for 1/2 the year alone. Even with drop outs that don't pay, you're still guaranteed income from the ones that decide to stay for that $50,000 4 year tuition from at least 1 individual. Let alone the whole graduating class who are not guaranteed jobs only the promise of opportunity. Let's not forget books and supplies are not included, and educational books are over-inflated cause they restrict access or you'd be able to buy it at your local book store for $20-40 as a good condition hard cover 🙃
"college education is only valuable if
you're learning something that actually
translates into enough income"
Those jobs are headed to be replaced or see a massive reduction in jobs.
Not only that you learn the same staff in high school in college
And the average college grad has a degree in nonsense.
I got out of college without debt. And I’m just happy to be out of it. After college, I read a ton of books, made connections, worked with valuable companies, and built skill sets. I do great now. But it’s definitely not because of my degree. All a degree is simply societal accreditation.Either don’t go to college or choose a school that won’t put you in a ton of debt.
The problem is that when everybody has a Master's then a Master's degree becomes meaningless. To give you an idea of the saturation crisis, the front desk attendant/secretary at my work has a Master's! lol
That is why job qualification and degrees need to be more reliant on capability of the person and their application of what they learned to produce results. A degree doesnt actually tell you how capable someone is.
Theodore Frazier agree!!
“A degree doesn’t actually tell you how capable someone is”. I have to disagree with this statement. Degrees show how someone can waste money and time.
Depends. I worked for a M.L.S., to be a librarian. To be a professional in a music library then, and now, requires that degree. It was worth it. Still is. However, that varies depending on one's job or profession. I enjoyed university and excelled in music (for my B.A.) and in library service (the M.L.S.). However, if one's studies do not integrate like that into labour that follows, university may not work out in one's work life.
Could just be a stripper
"I have you know I have a Master's Degree!" - said the burger flipper...
😁
That's about right!
If you want a job, go to trade school
if you want a social life, make friends through sports or clubs
if you want to learn something, you can learn it online
These 3 things, you can do for free or little money (or well under $1000)
if you go to a traditional, state college, the tuition is what now a days? $40,000 and up?
You're better off investing in tangible products rather than that piece of paper. Some colleges want to charge the cost of a new Tesla Model 3, why not just buy a Tesla and hope to make a return off of it in the future (which is more than likely possible) vs. getting student loan debt and not being guaranteed to get a return.
This shit is such a scam and how people don't see it is beyond me.
So in a nutshell, you can pay cash for a roll of toilet paper and get more value with less risk than a college degree.
Hahaha exactly
Lol. It depends. There are some careers that make sense but it depends on where you go. The quality of the education is very important and to be honest that has been dropping considerably
@@neilwinteregg881, well it might depend on the situation, but I can always depend on my Charmin toilet paper, no matter what. I've never had to borrow money on it because it's affordable and I always get the value I paid for in the first place. Never once has the Charmin company stopped me from using the product because I lack experience.
TH-cam these videos 1,000,000 student loan host is Dave Ramsey, Peter Schiff College, # Outstudentdebt
Let me get your thoughts on the videos.
Agree, the price and quality of education just doesn’t add up!! Great opinions too
My friend from high school, who flunked all of his classes, told me that he's becoming either a mechanic or a construction worker, and not go to a 4 year institution. He said, "What is a college text book gonna teach him?" In other words, he does not need 4 years of wasted time.
College is just overflowed with people who are not going to make much money when they graduate.
I think its stupid seeing fast food companies requiring a high school diploma on their application 🤦♀️
Why its free
Bigie Cheese not free , but I get what your trying to say.
"you signed the loan, it's ok to take it out of your check" you forget it was a 16-17 year old who signed the loan. That's the most fucked up part.
Do you want student loans with racking interest rates for the next 25 years? Apparently a lot of people do.
I did the college route, but I was already employed in my field and took as many credits as possible at our community college. But, I still feel like it was a waste of time.
The problem is that there are a lot of HR managers who filter out your resume if you don't have a college degree. There are a lot HR managers who are very narrow minded and would NOT give you a chance for interview if you don't have a college degree.
Let’s just be straight. If you have the talent, quit school and start your own business. If you don’t have what it takes to be a business owner, suck it up and go to college. Isn’t that what they’re saying?? Cause you see, it is a pattern in their discussion. Person A created a business selling Product A. Person B started a business during college; and make so much that this person and those involved dropped out of college.
They wouldn’t be talking about these people if these people dropped out of college and worked housekeeping or at some factory. Illusions after illusions. If you’re the average Joe, you have more hoops to go over. An HR manager usually have an HR degree, so of course they’ll evaluate you depending on your degree even if you have a series of experiences that would make you the perfect the candidate to be taught for their open position.
I rather own the buiness
Theodore Frazier Sometimes, it is not Hr. It is the rule made by the boss and hand down to Hr. I work in Hr, and my boss once told me I was hired because my position doesn’t require me to “major in hr.” I have a degree and some experience that they decide were good quality for this job. My boss was willing to invest in my education toward a Hr degree, however, that is long gone. My company is moving out of town, so my temp goal is flushed down the drain.
I think the hr manager does whatever the company decides on. You know the big boss, CEO, etc. Hr’s job is to be the watch dog for the big boss. We can’t always blame Hr.
nadege innocent what’s your degree? Are you searching outside of your area?
I don’t think it’s narrow mindedness, but rather a narrowing process. If HR gets 600 applications for one job it’s not feasible to screen for potential by going through each and every resume/application.
"id like to apply to this mcdonalds position"
"that'll be minimum 2 phd's or 1 phd and a minimum of 2 master's"
College is “selling” education not teaching. Simple
The problem is university ( at least non science , engineering or law degrees.) doesn’t teach you much practical skills it teaches you too much what is ( theory) and not how to apply ( practical) what you learn to a work environment. As long as you have these high school / family mentalities of going to university is waay better than any other option and the end all be all, there’ll be a over inflation of degrees. Plus you’ll continue have millions of students graduating and ending up doing jobs that have nothing to do with what they learned in university. It’s graduating and then realizing that it’s a uncertainty to get a job.
imagine going to a restaurant and buying a meal that should cost $10 but costs $100.
Shit, even STEM degrees do not guarantee a good job/income these days. And if you owe 400k after graduation and make 120-140k a year, that still isn’t shit, you would have to live very very very tight to pay that back within 5 years, and that just doesn’t happen. People have bills, kids, rent, have to eat, etc…
I regret going to uni.
I'm just realizing this in my junior year and I'm so anxious about student loans and my future.
Naujia Godwin get out before it’s to late
Don't get in debt. I hear to get out of debt people just move to another country. Like say you go work in Germany or Uk after you graduate. But the only problem is certain euro countries make it hard for you to be a citizen. And if you move back to usa for retirement well you didn't paid any SS taxes so no SS retirement.
Don’t go into until u find exactly u know what u want 2 do. Check all avenues look into trades. Make sure you know all the cost and how much you will make.
My ex has an MBA and no job offer. She's gonna take her huge huge student debts to her grave.
I went to a cheap community college instead. I made 150k annually.
I don' think college is for everyone and if you have strong spatial skills or the gift of gab, there are probably better ways to spend your time. I'd argue, however, that this is not true for most people. The college degree is really an insurance policy; during the last recession we saw unemployment rates for people with college degrees to be roughly half that for those without BAs/BSs.
I don't disagree that inherently there is no true need for a college degree in most cases. The problem, though, is twofold: 1). A large number of companies simply use software that will exclude those without college degrees for a large number of high paying jobs 2). Companies have externalized the cost of training onto colleges and universities.
In a perfect world, companies would not use college (or graduate) degrees to determine the value of an employee. However, it is a wicked world we live in.
It really fucking sucks when the college guidence councilor tells you to switch your passion because 9 million other people are majoring in that same exact passion, so you have to pick something that makes you miserable.....
Don't listen to what the guidance counselor thinks. You'll end up working in a University or work somewhere hating your job. Not all counsellors are bad but too many people handing out advice are people who gave up themselves of ever doing anything different
As a small business owner the only person I would not hire is a college graduate.
Occupation: Biochemist, Cancer Research
PhD Completion: 2015
Salary: $52,000 per year
May 2016 Balance: $51,000
May 2020 Balance: $504
Earliest Zero Balance Date: June 1, 2020
Today’s date 2021
Financial Aid paid for my community college and university and im going to get my bachelors. I kinda wish i can go back and study dental hygienists in community college 2 years and easy money
Hygiene school is a great investment because hygienists are in high demand right now and make over $35/hour. There are plenty of opportunities like this where a two year degree can really pay off. Find a field you like and go for it!
TH-cam 1,000,000 student debt host is Dave Ramsey. Let me get your thoughts.
I Graduated community college in 2004 and I’ve been working at the same company for nearly 18 years. Also, ZERO student debt. I make more a month than a Gender Studies grad.
It is increasing important to learn relevant information and then to apply it as quickly as possible. The world of work is increasingly changing, faster is one change.
Colleges usually teach topics of questionable value, set by academics and not by industry. The curriculum is usually broad with very little that is relevant. Spending 3 or 4 years learning mostly irrelevant topics is very risky for the student. Even worse, it costs plenty to take on the risk.
The degree is perhaps 5% relevant and costs a lot and a trade is 95% relevant and the apprentice is paid it seems obvious what to choose.
I agree.
Even if it's not a trade anything at this point that gets your foot in the door of some industry is better than sacrificing 4 years of your life in the hopes that the field you're studying in is still around and profitable by the time you graduate. These students don't add that to their equation when adding up their debts. Most I'm afraid don't think critically of their situation and thus why they're dead set on regurgitating information to pass exams.
I also blame the K-12 education system, too, because without them we wouldn't have the loads of people who blindly believe that without college you won't make it anywhere.
You can’t do certain jobs without college, my sister wants to be an engineer but she can’t be an engineer if she doesn’t go to college. College is an investment, not a privilege. Also it depends on what you study. Of course you will be payed more if you are a doctor than if you are an artist, so you can pay off you loan
What the point of college your basic you learn the same staff in high schools in college I know this because I am in college learning how to be effective writer when I already learn my freshman and Sophomore year in high school
Calvin Coolidge - “Nothing in the world can take the place of persistence. Talent will not; nothing is more
common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education
will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The
slogan Press On! has solved and always will solve the problems of the human race.”
5:54 Well said.
Thanks!
Universities should get rid of sports programs
Here is what should be done:
The Federal Government need to stop insuring student loans. The Student Loan Program is a failure. Colleges/Universities need to compete with one another and the cost will decrease. Whenever the government gets involved, costs almost always rise.
We go to school to get “high paying job.” That’s what we were always taught. Statistically, people with higher education get pays more when they are working in their field of study. The government wants everyone to be educated, but there aren’t job markets for college majors or the pay for some major is less than the degree itself.
Education is now a product, students are consumers. Education is being used and has always been used as a way to distribute goods and resources. Our system is set up this way: the big boss, the middle boss, and then the tiny ants. With AI coming in, We will see the things we see in movies come true.
Besides that have you looked into the college graduation rate in america? Its only 52% of people who start a 4 year college graduate. There lies the problem you have only half of people going into college belong there. I dropped out myself.
I'll bet one day new colleges are going to come up from fortune 500 companies. Like microsoft U, apple U. Because besides going into debt if you take liberal arts in college these young people are being indoctrinated by far leftist marxist teachers. They learn things like toxic masculinity, hate speech etc... Unless you're smart enough to adapt and do the job you're told to do. Coporations will be sick of unqualified college graduates.
Also there's talk of many colleges already closing their doors. Since people are having less kids, there are simply less customers.
That’s a cool idea!
quarter of a mil. bucks debt for dental school?! 😳 .....
ehhgaaaddddd
2 trillion dollars of student debt.
900$k 💀 for a surgeon 💀
I can tell you from personal experience college is a scam IF you're not going for a job in the medical, STEM field OR one of the few in-between majors that actually land you a decent paying job (ex: Accounting, etc.).
Eventually when the market is oversaturated with degree holder (doesn't matter what kind) your degree eventually will be worthless and you'll have to fight over every little skill you have with hundreds of applicants who have similar experience.
The way colleges are setting up the system is going to make things so cut-throat that new grads will have their heads spinning with how much of a fight they'll have to put up just to stay afloat.
And of course, the fact that you can't declare bankruptcy over student loans is another major reason why it's a scam.
What makes me angry is that these colleges are willing to bring the entire country's education down with them for the sake of a few peoples profitability. How more people aren't angry over this is insane.
Apprenticeships, Apprenticeships, Apprenticeships, Apprenticeships, Apprenticeships,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Everyone got skeletons, who cares 😂😂😂😂😂😂😂😂 couldn't agree more!
Join the military for 3-5 years get experience and a free college degree.
I’m in the military and don’t even want to spend the time on college there’s so many productive things I could be doing instead
@Alpha Omega lol I can tell you never been in the military before. Going on 15 years in the military and deployed twice. Guess how many were in in a actual deployed environment like Afghanistan? Stop looking at the news with these lies. I’ll have a better chance dying in the streets of America than been deployed in hostile environment
So go to college to open your mind. How about that?
You can’t open a mind with information that repeats itself 8 years in row.