Consider this: You have just paid about three times as much for your degree as did someone graduating 30 years ago. That’s in constant dollars — in other words, after accounting for inflation. There is no evidence that you have received a degree three times as good. Some would wonder if you have received a degree even one times as good.
According to the College Board, in 1983 a typical private American university managed to provide a bachelor’s-degree-level education to young people just like you for $11,000 a year in tuition and fees. That’s in 2012 dollars.
Instead, those of you at private colleges paid this year an average of $29,000.
And back then a public college charged in-state students just $2,200 a year in tuition and fees — in today’s dollars. You could get a full four-year degree for $8,800. Today that will get you one year’s tuition, or $8,700.
Notice, please, we are not even counting the cost of all the “extras,” like room and board. This is just the cost of the teaching.
OK, to start with, let me say, I wasn't impressed with college grads 30 years ago. [that would be 1983 for those of you WITH a non-engineering degree achieved over the last 40 years] So my laughing uproariously at ANYONE who is in debt tens of thousands, if not hundreds of thousands, of dollars for a degree that isn't going to get a job, doesn't mean I'm cruel. It simply means I can, with my high school drop out math skills and one year of 10th Grade "Consumer Math", figure out just how long, or how much per month, you'll be paying on student loans, while scrambling to get out of mom and dad's basement!
Screw a new car or an apartment, that stuff is for 40 year olds, who are Managers at McD's or Supervisors at Wal-Mart. And getting married is a death sentence. All that get's you is someone else's debt AND they won't like your friends or your mother!!
Worse still in my mind, is the fact that these people have 'won' trophies for just showing up since they were 4 or 5 in many cases. They've fawned over and kissed the butts of Leftist teachers, Leftist professors and listened to and believed the Leftist utterances of actors and musicians since they were 12 or 13. But the whole thing was a Ponzi Scheme, based on lies, built inside a house of cards. When they finally get fed up, we'll most likely have a SHTF, TEOTWAWKI, Zombie Apocalypse melt down.
The question to me, is will they go after US, because they'll believe the actors, teachers, musicians and actors one more time? Or will they backlash against those who fed them a line of crap for more than half their lives?
Either way, it won't be pretty.