1) Student loan debt is 1.2 trillion dollars, more than any other form of consumer debt. Unlike houses, cars, and other goods, higher education cannot be “liquidated” to pay back this debt if it turns out the good, “education” is worthless.
2) The Average student debt is $29,400. This sort of debt cannot be discharged via bankruptcy, so a graduate must start paying it off right away before it balloons.
3) Although we’re told getting a college degree is the path to riches, 53% of college graduates are unemployed or underemployed. These graduates can’t start paying off the debts immediately. Those debts just get larger, and larger, with no hope of paying them off.
4) Food banks organize themselves to help feed college professors, since most are paid very little and given no benefits, so they qualify for welfare. Even graduate degrees from higher education don’t mean much, apparently.
5) College classes can now have 1,000 or more students, even as tuition rises and rises. What kind of education can you get in a huge hall where the “master” might never get within 100 yards of you? You’re better off opening the book and studying on your own time.
6) College professors can make more tutoring 1 on 1 ($30 or more an hour) than teaching in college. It’s a bad sign for education when both teacher and student are better off with no school involved.
7) Although colleges have grossly increased their student base, there’s been little increase in faculty. Although most college employees used to be faculty, now it’s mostly administration and support for administrators.
8) College president pay is skyrocketing, with $1,000,000 salaries (plus awesome benefits like a mansion, jet, and other expenses quite common) typical, even though it’s known the more you pay the president, the worse off the students are. The map pictured above, incidentally, is the highest paid public employee by state—usually a university coach, but always someone in higher education (never a scholar or teacher, however).
9) Most college work is high school level or lower, much lower, as in the 6th grade. Not the 6th grade of a century ago, but the same 6th grade taught in the public school down the road, on the same day the same material is taught in “college”.
10) Many campuses are filled with “Pell Runners”, students that roam from campus to campus, getting free grant money because the highly paid administration doesn’t have time to keep records. Administrators care about growth, not education, so all warm bodies are welcome on campus, even if they’re there strictly for fraud.
There is so much fraud and corruption going on in higher education that it’s hard to stop at just ten.
While accredited schools are often shams, unaccredited, for-profit schools exist which are quite legitimate–they don\’t even charge tuition in advance. Instead, they take it out of your paycheck–if you don\’t get a job after graduating, you owe nothing. Why aren\’t accredited schools good enough for that?
Accreditation, which is supposed to verify schools are legitimate, does no such thing, and the rules of accreditation provide no penalties. This is why even serious and 18 year long violations of accreditation yield no penalty to the schools involved, even when the schools intimidate and use fraud to cover up the violations. The reason for this is accreditation is run by the same people concurrently while these people hold administrative positions in higher education. Conflict of interest, anyone?