Has education become a scam? Has it always been a scam?
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This documentary isn’t about college practicality, but a bait and switch for hyper-inflation predictions.
Firstly, its bias is clear. $100,000 for tuition or even total cost? Most students and people in general don’t go out of their way to go to private or out of state schools. Furthermore, the documentary fails to bring up any substitute to College. Vocational School? Basically College but even more expensive in some cases.
There are so many logical inconsistencies in this documentary it makes me laugh.
Let’s see I pay $4500 in tuition a year for community college. Assume that a year’s room and board costs $1k a month. That’s $24k in 2 years for community college or $48k in 4 years which doesn’t account for students living with parents. Tuition I would pay for Univ. of Wash would be around probably $10k for the year (roughly double that of my community college). So for tuition that would be 14.5k and with 48k add up to 62.5k. It would be -24k if I lived with my parents for those 2 years. Which would be $38.5k for the cost of a four year degree of which I have scholarships for and financial aid. In terms of opportunity costs for the lost wages that could have been earned in working those 4 years is not a fair assessment. You can still work part time in college and during summers including valuable paid internships. Trust when I say that outside of finals or mid terms I have a lot of time not studying which I could have spent working a job.
Another aspect that this documentary does not touch are the still viable 2 year degrees and certificate programs which are much shorter and also offer decent paying jobs higher then those just out of high school. Perhaps, more people should consider this option rather then completely pursue only 4 year degrees, jobs like IT, Server Admins, Paralegals, and so forth.
Some of the reasoning that this documentary is invalid. Don’t get a degree because everyone has one and it is therefore worthless? So how does a person become a lawyer? You can’t just follow a lawyer around. There are insurmountable skills and knowledge that requires a person to be able to be remotely competent in advanced professional skills or technical skills. This isn’t a product but a credential. There isn’t a devalue due to the abundance of it. If everyone has a degree and you don’t in a job market you won’t get job much less but viable to apply for the job.
College is a place where students study and make friends.