Wednesday, May 18, 2011

College Education is the Largest Scam in U.S. History?

'College Conspiracy' will debunk many myths, including the belief that Americans with college degrees earn $1 million more in lifetime income compared to high school graduates without a college degree. The most important basic fact that most Americans don't understand about 4-year colleges is that most Americans spend 6 years attending them before graduating. With U.S. tuition inflation for private colleges averaging 5.15% over the past half a decade, assuming this same rate of tuition inflation continues, a college with tuition of $30,000 today will have tuition of $38,563 in the sixth year a student attends it. In 'College Conspiracy', NIA analyzes the total cost to attend college by factoring in not just rapidly rising tuition expenses, but also the interest payments on student loans, and the lost income that college students would have earned if they worked at an average entry-level job that doesn't require a college degree.


The college-industrial complex has created not only myths, but outright hoaxes, in order to scam American students into becoming indentured servants for life. Three years ago when 15 new pharmacist schools were about to open in the U.S., the college cartel bribed economists to come out with phony research reports showing that the U.S. was experiencing a huge shortage of pharmacists. The reports said that 150,000 new pharmacists would be needed in the U.S. by 2020 due to the aging babyboomer population and a huge boom in 24-hour pharmacies being built nationwide. Today, NIA is receiving reports of pharmacies on the east coast receiving 300 applications for each new pharmacist job opening.- Colleges Deceiving Public with Myths and Hoaxes

The U.S. has been experiencing 5.15% annual college tuition inflation this decade. Despite this, 70.1% of high school graduates are now enrolling into college, a new all time record. 2/3 of college students are now graduating with an average of $24,000 in debt. There is nothing special about getting a college degree if everyone else has one, and it is certainly not worth getting $24,000 into debt to camouflage yourself into the crowd. NIA's President is friends with hundreds of CEOs of mid-sized corporations who tell him that someone who skipped college is a lot more likely to stand out amongst the hundreds of applicants who apply for each job available.

The real unemployment rate in America is now 22% and 60% of college graduates who are lucky enough to find a job, are receiving low skilled jobs where a college degree isn't even required. In fact, 70% of high school graduates who didn't go to college, were able to get these very same jobs as the average college graduate. The main difference is, by the time Americans who went to college get their degree, those who went straight into the work force after high school will already have 4 to 6 years of valuable workplace experience. Instead of having $24,000 in debt, these experienced Americans will be working their way up to a higher paid position or a better job at a different company.-College Education is a Scam Says New Documentary

National Inflation Association

Not a Bubble?

Where religion is involved, people rarely change. College education is part of a religion: salvation (healing) by formal education.

The voters believe in tax-funded K-12 education. It gets worse. The budgets increase. The test scores fall. Yet voters just refuse to give up. They think one more reform will do the trick. It won't.

This same faith is transferred to college. Nothing changes for the better. Year after year, decade after decade, student performance falls and costs rise. This is what state funding always does. There is no negative feedback system that says: "Stop!"

To speak of college as a bubble is silly. A bubble does not pop until months or years after the funding ceases. There is no indication that the funding for college education will cease.

Until there is a rebellion against tax-funding of all education, beginning with kindergarten, college costs will rise and performance will fall. The horror stories will continue.

We get what we pay for. We especially get what we pay for with our tax money. What you see is what you get: a self-policed monopoly, a self-serving bureaucracy, and entrenched resistance to change imposed by representatives of the people who are funding the system. "Academic freedom" has always meant the same thing, from Prussian universities in 1820 until today: tax-subsidized intellectual kidnapping of children.

We do not get bubbles. We get quagmires.-College: Why It Is Not a Bubble

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