Peanut Gallery: College isn’t what it used to be!

My purpose in going to college was to become employable and self-sufficient… in other words, to “get a job” and “get a life.” And I did.

I graduated with a degree that was in demand, recruiters came to campus for interviews, and I eventually received three good job offers. And I was not the brightest star in the academic universe. Best of all, however, I met my future wife along the way.

I ended up with a good job, moved out of my parent’s home, and got married a couple of years later. For me, the benefits of going to college far outweighed the costs.

But no more. Graduation rates have dropped, tuition has soared, student debt has skyrocketed, and many graduates with useless degrees (or no degrees at all) are unemployable. And, sadly, many graduates today are not marriageable for a variety of reasons.

Didn’t anyone ask: “What were you thinking?”

The article below should give parent’s with teens cause to pause. These days, college is a very expensive flight from reality that frequently ends in a crash landing. It’s not a flight you want to board unless you know exactly where it’s going… and what to expect when you get there.

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One third of ‘millennials’ regret going to college
May 25, 2013 / Rick Moran / American Thinker

What they “regret” is financing their four year hiatus from reality with student loans.

Forbes:

Here’s an indication of how burdensome student loans have become: About one-third of millennials say they would have been better off working, instead of going to college and paying tuition.

That’s a according to a new Wells Fargo WFC +0.57% study which surveyed 1,414 millennials between the ages of 22 and 32. More than half of them financed their education through student loans, and many say the if they had $10,000 the “first thing” they’d do is pay down their student loan or credit card debt.

That’s no surprise when you consider student borrowing topped the $100 billion threshold for the first time in 2010, and total outstanding loans exceeded $1 trillion for the first time in 2011.  Student loan debt now exceeds credit card debt in the U.S. which stands at about $798 billion. Continue reading “One third of ‘millennials’ regret going to college – American Thinker Re-Blog” →