Everybody (except colleges) is complaining about the cost of a university education. This graph makes it clear how bad it really is.
On the plus side, mobile apps and SaaS are making software affordable, and if you have any money left over after paying for your education, childcare and healthcare, you can get a great deal on toys.
With graduation season around the corner, more than a few U.S. families are probably wondering just how much that college degree will be worth.
There’s little doubt education is associated with higher income, better financial decision-making and more wealth. However, issues that are harder for an individual to control — what type of family you come from, whether you get an inheritance, or how healthy you are — also play a growing role in determining your net worth, according to a new report by researchers William Emmons and Bryan Noeth at the Federal Reserve Bank of St. Louis.
Education “is important, but it’s not the whole story,” Emmons, a senior economic adviser at the St. Louis Fed, said in an interview. “You can’t simply send everyone to college and expect to solve all the social problems that we have, including problems in the job market.”
The complaint said the company had a “boiler-room style sales culture” in which recruiters were instructed to use high-pressure sales techniques and inflated claims about career placement to increase student enrollment, regardless of applicants’ qualifications. Recruiters were encouraged to enroll even applicants who were unable to write coherently, who appeared to be under the influence of drugs or who sought to enroll in an online program but had no computer.
Yet another example of why we should privatize education – Ed.
“You can’t put a price on a good education”… or can you?
If you ask your parents or mentors how to become successful, their answer will most likely include four interrelated invisible scripts:
“Get the best education you can.”
“Colleges provide the best education.”
“The best colleges are expensive.”
“More college is better.”
Like so many of the invisible scripts we grow up with, three of these assumptions aren’t necessarily true.
Dispatches From The Front 