Is College Worth It?
Is college a good investment? It’s getting harder and harder to make that case – for students and their parents. Today students often graduate weighed down by debt and free of practical wisdom. Before starting down the path to college, some sober, common sense reflection is more necessary than ever. Charlie Kirk of Turning Point USA provides some much needed tutoring.
When can college be a worthwhile pursuit?
when already suffering from crippling debtunder the right circumstanceswhen seeking to validate a victimhood mentalitynone of the aboveWhat’s wrong with not being an academic type?
You can’t succeed in college.You can’t be happy.Your family can’t be proud of you.nothingAccording to a Georgetown University Study, there are _________________ jobs paying over $55,000 a year that don’t require a college degree.
10 million20 million30 million40 millionInstead of asking if one needs to go to college, many people matriculate into higher education because ______________________________.
it’s expectedit sounds like funit’s an escape from mom and dadany or all of the aboveWaiting one year to go to college will make a difference as to whether or not you succeed in life.
TrueFalse
- Many of the majors and classes colleges offer now are a simply a waste of time and money.
The unemployment rate for recent graduates of a fine arts bachelor’s program is 12.6%.
View sourcePhilosophy and religious studies majors earn a median income of $30,000 upon graduating.
View sourceSome colleges are offering courses on everything from Miley Cyrus, to Zombies, and “The Joy of Garbage.”
View sourceSome examples of worthless college degrees include Sexuality at San Francisco State, Popular Culture at Bowling green, and Comic Art at the Minneapolis College of Art and Design.
View sourceWATCH: “Why is College So Expensive?” – Information Station
View sourceRelated Reading: “Campus Battlefield: How Conservatives Can WIN the Battle on Campus and Why It Matters" – Charlie Kirk
View source- Don’t be a passive investor as a student or a parent. Your education is too expensive and too important.
Don’t go to college because someone else wants you to, or because of superficial reasons like the “campus experience.”
View sourceOver the last 20 years, tuition and fees have risen 168% at private universities and 200% at public universities.
View sourceYour student loans could end up being used to fund lazy rivers, massive hot tubs, and flat screen TVs in dorm rooms.
View sourceWATCH: “Game of Loans" – Charlie Kirk
View source- Ask yourself if you really need to go to college. There are many high-paying jobs that do not require a college degree.
According to a Georgetown University Study, there are 30 million jobs paying over $55,000 a year that don’t require a college degree.
View sourceA career in sales doesn’t require a college degree, and performance based positions offer unlimited earning potential.
View sourceInsurance sales agents require only a high school education, and make $48,000 a year on average.
View sourceMilitary careers offers essential skills, great benefits, and no debt.
View sourceWATCH: “Don’t Follow Your Passion” – Mike Rowe
View source- Trade schools offer well-paying careers with low training costs—often a far wiser path than amassing crippling student loans for unused degrees.
A pipe welder in West Virginia, for example, makes an average salary of $76,359 a year.
View sourcePlumbing training programs can be completed online and for around $3,000 or less.
View sourcePlumbers can earn a salary while working and training as an apprentice.
View sourceThe average plumber salary varies from $39,000 in North Carolina to $55,000 in New York.
View sourceA trade skill like welding is difficult for a robot to perform, making it relatively immune to automation.
View sourceWhile trade schools remain reasonably priced, tuition for universities have exploded. Over the last 20 years, tuition and fees have risen 168% at private universities and 200% at public universities.
View sourceWATCH: “College Pedigree is Overrated” – Dennis Prager
View source- Since 1978, the cost of college education has risen over 1,000 percent.
Since 1978, the cost of college education has risen over 1,000 percent.
View sourceCollege tuition has increased twice as fast as medical care costs and risen more than 4.4 times as much as the cost of food.
View sourceA study from the New York Federal Reserve strongly suggests that the expanding supply of student loans has increased college tuition.
View source- Student loans generate revenue for the government and colleges. But for many students it only generates significant debt.
In 2013, the Congressional Budget Office estimated that the government would collect $184 billion in student loan interest over the next 10 years.
View sourceOnly 59% of students who enter college or a university leave with a degree, and those who drop out of college are less likely to pay off their loans, leaving many saddled with debilitating debt.
View sourceRead Turning Point USA founder Charlie Kirk on how student loans help enrich the government.
View source- Students are going into more and more debt in order to earn degrees that are becoming less and less financially valuable.
Going into debt in order to secure a lucrative career can make financial sense; however, many students today pursue majors in the social sciences, humanities, and communications, which have high unemployment rates.
View sourceOnly 59% of students who enter college or a university leave with a degree, and those who drop out of college are less likely to pay off their loans, leaving many saddled with debilitating debt.
View source- Student loan debt results in postponed marriages, missed business opportunities, and delayed retirement savings.
The trillion dollar student debt market incentivizes students to postpone marriage, avoid entrepreneurial activity, and delay retirement savings.
View sourceThe average student in 2015 graduated with $35,000 in debt, the highest debt rate in history.
View sourceStudent loans often take 10 to 20 years to pay off, and this burden can prevent people from saving money for important things, like a down payment on a home.
View source
Hey—I’ve got a great investment idea for you: You give me $100,000 and four years of your life, and I give you... hmm… pretty much… nothing.
No, I’m not the devil. I’m Mr. College. And I’m here to help you finance this wonderful opportunity. I have a whole package of government loans and impressive-sounding scholarships to make it all possible.
Of course, you’ll have to pay interest on the loans, which will double the cost over time…but that’s a problem for “future you” and need not concern us now.
Do we have a deal?
Of course, we do! You want to succeed in life, don’t you? How can you do that without a college degree?
But that doesn’t mean you can’t have a good time. Are you a movie fan? We’ve got a degree for that. How about criminal justice? Be like one of the cool people on the TV detective shows. And, we offer a whole selection of minority and gender studies programs. Learn why you’re a victim and deserve to be angry all the time.
What are you waiting for? Sign on the dotted line. Classes begin in the fall. Don’t miss orientation—especially if you’re male. You don’t want to be parading your toxic masculinity around the campus. Definitely not cool…
Sound crazy?
I don’t know why it should. Millions of college students make that deal every year, usually with their parents’ encouragement and financial support.
Now, don’t get me wrong—I have nothing against going to college. I sincerely believe it can be a worthwhile pursuit under the right circumstances. If you want to be a doctor or an architect, for example, it’s obviously a necessity. But look through the typical college syllabus and it’s clear that most of the majors, not to mention classes, are a waste of time—and money.
So why do responsible adults, who only want the best for their children and are usually cautious with their hard-earned money, squander it on such a bad investment? Worse, why would they send their son or daughter to a school to learn to reject the values they—the parents—hold dear? On what planet does that make sense?
It doesn’t. It’s an old paradigm, and we need to break it. Before it breaks us.
How do we do that?
Here are two solutions that would go a long way to solving the problem.
One:
Ask yourself if you really need to go to college.
Most of us go to college because it’s simply expected that we do so. Our parents expect it. Our friends expect it. Plus, it sounds like fun—a rite of passage; an escape from Mom and Dad and all their rules.
But none of that actually has anything to do with getting an education or earning a living after you leave college. Maybe you’re not the academic type. What’s wrong with that? Nothing.
According to a Georgetown University study, there are 30 million jobs paying over $55,000 a year that don’t require a college degree.
Learn a skill like welding or plumbing or a dozen other trades and you’ll never be looking for a job. The jobs will be looking for you. We’re talking $50 an hour or more. Six figure income after five years and no debt. Consider the military. You learn essential skills and, again, no debt. Or go into sales. You don’t need a sociology degree for that.
If you are going to college, then have a goal and a plan to achieve it. Your college journey will cost you and/or your parents a boatload of money. What are you going to get in return? Choose your courses with a practical mindset. Stay away from the silly stuff. And if you don’t really know why you’re going to college, consider answer…
Two:
Delay college for a year or longer.
If more graduating high school seniors would do this—not jump into college immediately after high school, college curriculums would improve and nonsense like “safe spaces” would disappear. Why? Because students who had spent a year or longer in the real world wouldn’t put up with it.
Get a job—any job—for a year before starting college. What’s the big rush, anyway? One year isn’t going to make a difference as to whether or not you succeed in life, but waiting tables or stacking boxes or whatever you do for a year will almost certainly change your attitude about a lot of things—like how hard it is to earn a dollar and how easy it is for the government to take that dollar away. You will also develop a new appreciation for the privilege of going to college. And you’ll be much more likely to be immune to the BS.
Don’t be a passive investor as a student or a parent. Your education is too expensive and too important to be left to Mr. College. He might have your money. Don’t give him your mind.
I’m Charlie Kirk, founder and president of Turning Point USA, for Prager University.
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