
News Link • Education: Colleges and Universities
14 Shocking Facts About The Student Loan Debt Bubble And The Great College Education Scam
• The Economic Collapse Blog - Michale SnyderMore than 18 million students are enrolled at over 5,800 colleges and universities in the United States. On average, it costs more than $100,000 to attend a college or a university in the U.S. for four years. It has been estimated that a college eduction is now over 400 percent more expensive than it was 40 years ago. But even though our institutions of higher learning are sucking so much money out of our young people, it never seems to be enough, and so they are constantly begging for more money from the federal government. If you can believe it, the U.S. government has been providing more than 170 billion dollars a year to postsecondary education programs. Much of this funding comes in the form of research grants, student aid, and government contracts. But what are we getting for all of this money? The truth is that we are getting an entire generation that has had their heads filled with leftist propaganda.
We tell our kids over and over again that a "higher education" is the key to getting a good job and living the American Dream. They have been told not to worry about how much it costs and that there is plenty of financial aid (mostly made up of loans) available. Now our economy is facing the biggest student loan debt bubble in the history of the world, and when our new college graduates enter the "real world" they are finding out that the good jobs they were promised are very few and far between.