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America's College Bubble Next to Burst, Says NIA ('College Conspiracy' documentary)
PR Newswire ^ | May 7, 2011 | Gerard Adams

Posted on 05/07/2011 5:50:44 PM PDT by 2ndDivisionVet

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To: Concho

“There is no benefit to college. Any kid going to a Vo Tech School, leaves there with a skill that will make them more money than any college grad. In fact most college grads will end up working for a self employed Vo Tech grad.”

Pointless hyperbole. ANY kid in Vo Tech will make more than ANY college grad?

Like with any life decision, you have choices. If you choose debt, lack of rigor, dependency, and whining then you will not be successful. If you choose otherwise, you’ll do ok, if you mix in a little preparation, planning, and a bit of luck - you’ll be wildly successful.

A college degree does not guarantee success, neither does a plumbing certificate from a Vo Tech outfit. To state otherwise is just plain foolish.


61 posted on 05/08/2011 6:55:42 AM PDT by RFEngineer
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To: 2ndDivisionVet

I work with a kid who put himself through Penn State. We hired him because he was sharp, a good problem solver, and has very good all around computing skills. His degree had nothing to do with it, and I’ve actually asked him to let me know when something he learned at Penn helps him in his current job since he is now paying back a $90,000.00 student loan.


62 posted on 05/08/2011 7:12:45 AM PDT by domeika
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To: RFEngineer

Yes, for those who go to work for daddy and then inherit the successful family business.

The college degree is only good for one thing. It is a sign to an employer that you have attempted to apply yourself for 4 years. Otherwise you are on the same level as the rest of the 70% that went to college. It also practically guarantees that you will be an employee. You will never make as much as the guy that hires you or who owns the business. That guy probably went to Vo Tech. Colleges do not teach students how to succeed in business, or how to start their own business, they teach them dependency on finding a job.


63 posted on 05/08/2011 7:56:00 AM PDT by Concho (-)
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To: 2ndDivisionVet

Many if not most, students use loans to finance their quest for a diploma. Paying off those loans—and the interest thereon—is a major financial hurdle for graduates and even worse for those who ultimatley drop out and fail to get the coveted passport to future success—the college diploma.

They often become trapped in lower paying jobs while having to pay off their loans.

And of course the colleges help by encouraging students NOT to graduate in four years but to take as many years as they need, piling up minimum annual tuition costs financed of course by additonal loans.


64 posted on 05/08/2011 8:16:36 AM PDT by wildbill (You're just jealous because the Voices talk only to me.)
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To: Porterville
I teach accounting at a college. I am a damn good at it. I also teacher computers. A moron could teach what I teach in the computer lab.

I am a damn glad that you don't teacher English! ;)

65 posted on 05/08/2011 8:49:52 AM PDT by alley cat
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To: alley cat
What if he is a programmer? ;-)
66 posted on 05/08/2011 8:51:29 AM PDT by verity (The Obama Administration is a Criminal Enterprise.)
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To: verity

Yes, that totally explains it! :)


67 posted on 05/08/2011 9:20:35 AM PDT by alley cat
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To: Concho

If you had any sort of analytical capability whatsoever, you would not make such nonsensical broad-brush statements.

All college degrees are not the same, all college graduates are not the same, all non-college graduates are not the same, all VoTech attendees are not the same.

As stated before, individuals make choices - poor choices can result in a failure to thrive and prosper.

An education can make a difference, depending on the individual, the rigor applied, along with a little luck, and lots of hard work.

Envy, such as that displayed by your posts is never pretty though.


68 posted on 05/08/2011 9:42:20 AM PDT by RFEngineer
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69 posted on 05/08/2011 10:05:31 AM PDT by TheOldLady
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To: 2ndDivisionVet

Where’s the conspiracy when it’s all happening in plain view, at least to anyone who’s worked next to people who are “college educated”, or tried getting a job after jumping through all those hoops to get a degree? I hate it when people start using words like “conspiracy” because it takes the discussion away from cold, hard facts and into clumsy speculation, which makes people making a very valid point look dumb.


70 posted on 05/08/2011 11:00:56 AM PDT by yup2394871293
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To: familyop
Yes, the college bubble will burst.

Hopefully although it might not be any more pretty than the housing bubble. But the question no one is answering is how?
71 posted on 05/08/2011 11:05:01 AM PDT by yup2394871293
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To: rbg81

I think a lot of computer scientists could not only apply their skills to organizing information, but to manufacturing as well. Difference is they’re called “industrial engineers”.


72 posted on 05/08/2011 11:09:53 AM PDT by yup2394871293
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To: Immerito
Hillsdale is *VERY* good about finding scholarships for qualified students -- I have had conversations within the past two months with current students and recent grads.

They're a far better school than most realize: the highest GPA of any student in the last 25 years is a 3.94 or so.

Seen on the website CollegeConfidential.com:

Congratulations! Your D will LOVE Hillsdale, and as a parent, I suspect you will as well.

Word of caution: my 09 grad son came home from a weekend visit with the NEW Hillsdale T-shirt which reads:

HILLSDALE COLLEGE: Where your best hasn't been good enough since 1844.

then there's a huge C+ in red ink under it.

Cheers!

73 posted on 05/08/2011 2:03:11 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: cripplecreek

Do they investigate all these Billion dollar Endowments these Colleges have and Pay NO INCOME TAX ON them?


74 posted on 05/08/2011 2:04:50 PM PDT by ballplayer
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To: yup2394871293
"But the question no one is answering is how?"

The national debt continues to increase in relation to GDP. The Fed has been buying bonds in attempts to ease fears of risk. The politicians won't cut sufficiently cut spending to reverse the trend. So...

Eventual bond collapse followed by the contagion of rising interest rates. Government will monetize increasing amounts of debt. Interests depending on government revenues will cling to the debt regime and refuse to repudiate. There's no chance of reversal without a larger heavy manufacturing base for sustainable revenues.

Why? Because we aren't buying. The near future will be a time for new leadership in academia, business and politics.


75 posted on 05/08/2011 5:14:01 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: RFEngineer

Dont flatter yourself, sonny. Your gloating is obvious in your name.

Not that its any of your business, but, I have a bachelors of science degree, and an MBA. I worked the job for a while but like I said, you never make more than the guy that hires you. I am one of the lucky ones who broke out of the mold and became self employed. I hire people based upon their ability to perform. Some of them are college educated. I even have a college edumacated engineer on staff. But, like the others, he will never make more than my manager that hired him. I dont have to envy, sonny, I own the business.


76 posted on 05/08/2011 7:42:12 PM PDT by Concho (-)
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To: rbg81

I tell people that all the time.


77 posted on 05/08/2011 7:42:39 PM PDT by John.Galt2012 (I'll take Liberty and you can keep the "Change"!)
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To: rbg81

I tell people that all the time.


78 posted on 05/08/2011 7:42:48 PM PDT by John.Galt2012 (I'll take Liberty and you can keep the "Change"!)
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To: Concho

“Your gloating is obvious in your name.”

Who’s gloating? I was pointing out the obvious flaws in your so-called argument - that was plainly wrong that EVERY college graduate is exceeded in however you measure success in life by VoTech graduates. I shouldn’t have to point that out.

There is no luck to breaking out of the mold of which you speak. You either have the aptitude, attitude, and work ethic or you do not. I’ve done both employee and employer.

Your obsession with “who makes more” manager or employee is also a possible flaw in your business model. Your focus should be who brings in more revenue and profit to the business - which may be a manager, may be an employee that reports to a manager....it may even be a person with a degree!

I don’t disagree that capability rather than credentials makes a keeper employee - but your hostility towards college degrees is curious - but if you are able to run a successful business with such a bias then by all means....


79 posted on 05/08/2011 11:25:06 PM PDT by RFEngineer
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To: familyop

So in other words, you’re saying that no one will be complaining about a college bubble but instead about how it’s rediculous to buy bread with several $100 bills. I think you glossed over a bit there regardless. As for it being a time for “new leadership”, be careful what you wish for. The “new leadership” may well offer easier and more dishonest answers than the current crop in both parties does. As for repudiating debt, I think it’s a question of whether bond holders have somewhere else to go. Depending on the week, it seems like there are a lot of confident sounding but rather thin arguments that the Fed and Co. can do what they please for the forseeable future and creditors aren’t going to give up on the dollar.


80 posted on 05/09/2011 4:19:00 PM PDT by yup2394871293
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