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Just had to share this video...College Conspiracy

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by freesia29 freesia29, LPN (Member) Member

freesia29 has 5 years experience as a LPN and specializes in Urgent Care.

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One of the examples is regarding Pharmacists, and the projected shortage....so lots of people went to school to become pharmacists, and now cannot find jobs. Sounds familiar??

I am re-thinking becoming an RN, I will still do the LPN program, but I am not sure if I will continue to higher levels now.

http://inflation.us/videos.html

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Edited by NRSKarenRN

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TheCommuter has 10 years experience as a BSN, RN and specializes in Case mgmt., rehab, (CRRN), LTC & psych.

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Your post has been moved to the Nursing News forum. Good luck to you!

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I think for the most part, higher education is a good thing and more often than not it is worth it. A person with higher education will more likely get a job than someone that does not.

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sunshineintheforest has 10 years experience.

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Start watching at 40 minutes..sounds a lot like whats happening to nursing!

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I'm going to watch the whole thing but it is a bunch of fear mongering intermixed with partial truths. It sounds like this organization that puts this video together only wants rich kids to go to school and doesn't want the taxpayers paying for any educational costs.

So a guy in his 50s/60s talks about having a $1500 debt when graduating college. Ok, soo... you went to college 40 years ago? Yes the economy suffers inflation, it is what happens.

They grab a lady who had an enormous debt and talk to her but it sounds like she went to a for-profit school. What other school hands you a bill when you graduate?

Private schools have to raise their tuition? no. They just can only accept a certain amount of federal funding.

Students should only be able to take out loans for tuition expenses? Nothing for books? Nothing for living expenses? Honestly, the loans I took out for college were mostly living expenses and books as I had a tuition grant. Without those loans though, I wouldn't have been able to go to college.

I like how they talk about the average high school graduate is supposed to take their $30k and put it in silver. Where are these high school graduates getting $30k?

If nobody goes to college, our society would go into a pretty fast decline. There are definitely a lot of careers that require a college degree. I also like how they said a college degree is worthless if everyone has one. I don't think so.

I also like their figures of average high school graduate can make $35k/year over 6 years. Where do they get those figures?

I love college. I wouldn't have had my current career if I didn't have a degree and I wouldn't be able to pursue my second career without a college degree.

I feel for those that feel swallowed up by student loans but I think one thing you have to consider when going to college is the cost and the amount of loans. There are cheaper options. Also, I think we'd be benefited by more community colleges investing in vocational degrees and high schools advertising those. It seems like for-profit schools are constantly advertising the same degrees you can get at a community college for 1/10th the cost.

Also, I think students would benefit by having some career counseling in high school. What do you want to do with your life? Ok, here is how you can get there. Furthermore, when they go to college, they should have a general idea of what a degree might offer them. I have known many people who went to college, got a degree and then got a job that had really nothing to do with their degree but the job itself just required a college degree. I've known others who went to college, picked any old degree and then expected job offers to be handed to them as they graduated without any real direction as to what they wanted to do.

So basically, I think we need to encourage use of the public educational system and encourage career counseling prior to going to college.

(Oh and I just got to the part about how almost nobody goes to go to college to be a farmer, oil driller or miner - and how this is what we need people to do. Oil is a limited resourcing, mining deals with limited resources and there is a lot of research going on to figure out how to deal with our limited resources and find better alternatives as well as improving farming. If no one went to college, how would we research better methods and alternatives? And how many people do they really expect to be able to do those jobs?

And the reason agriculture costs have gone up? Because oil prices have gone up. And farmers in the US are heavily subsidized by the government just to be able to scrape by. You want to talk about a conspiracy, read Omnivore's Dilemma)

Edited by leenak

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TheCommuter has 10 years experience as a BSN, RN and specializes in Case mgmt., rehab, (CRRN), LTC & psych.

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I also like how they said a college degree is worthless if everyone has one. I don't think so.

If everyone goes to college and pursues a certain major or concentration, then yes, I believe that particular degree will lose its value over time. Liberal arts and humanities degrees are a dime a dozen, which is why these degree-holders generally don't earn much money. However, degrees with concentrations in math, hard sciences, and engineering are not a dime a dozen, so these degree-holders will yield more monetary returns from their college educations.

Most of the Egyptian population is college-educated because higher education is free in Egypt. A college degree is basically worthless in Egypt because everyone has one.

The same thing is happening in nursing as we speak. Too many nursing programs have either opened up or expanded over the past 10 years in anticipation of the so-called 'nursing shortage.' Masses of new nurses are being produced every May and December in local job markets that cannot absorb them all. Since almost everyone (and their mothers) have nursing degrees, diplomas, or certificates, we are seeing wages drop or stagnate, long-term nursing unemployment, the erosion of benefits, and other detrimental things occurring.

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Most of the Egyptian population is college-educated because higher education is free in Egypt. A college degree is basically worthless in Egypt because everyone has one.

The way I view it is something similar to saying 'a high school degree is worthless in the US because everyone has one'. It isn't that it is useless, but that it becomes a new standard for society. So if you are in the US without a high school diploma, I imagine it is hard to find a job unless you have experience to overcome the lack of diploma. A similar thing is happening with college degrees. If someone has a job opening and they have a choice of a college graduate vs not, they will generally choose the college graduate. I can also understand a certain career specific degree becoming oversaturated in that the job market for that specific degree and such that there is a much larger supply than the demand and this can especially occur in a recession when layoffs occur.

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25 Posts; 823 Profile Views

Start watching at 40 minutes..sounds a lot like whats happening to nursing!

Well I'm in pharmacy school and I can attest to this. The loans are skyrocketing, on top of that there is the pressure to keep up. I probably would have chosen a career with much less debt and live a comfortable life. Forget striking it rich quick because it is very difficult to do, also considering the state of the economy and also regulations.

I've seen private pharmacy schools in my state charging $30k tuition per year (without living expenses). I feel so sorry for those students who had no choice but to accept. That is, if they wanted to be pharmacists.

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I know alot of students at my school are worried about student loan debt and not finding jobs when finished with school; even with networking, doing internships and the like. So many things that used to be true are no longer the case. Tuition at state schools are increasing yearly. Some schools have even added a whole year onto some normally 2 yr graduate degrees:eek: Can you imagine the debt on those degrees?

Lawyers are also a dime a dozen because there are too many law schools.

It's no wonder that kids feel like college education=good job, it's what has been fed to them growing up. I know it was fed to us when we were younger.

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You do not HAVE to take out a ridiculous amount of student loans. I have $27k in loans from my MS degree, and will not be taking out any student loans for my nursing degree. While my MS degree didn't allow me to do what I ultimately wanted to, I was able to make significantly more than if I had no degree. I did enjoy that career while I was there, but I am looking for a new chapter in my life.

Can a college degree be useless? Absolutely, if the person who obtains it does not know how to utilize it properly. There are plenty of jobs out there that simply require a college degree in order to open the door. The overall problem that I see here is that many people live outside of their financial means. If you need to take out loans, your projected income should be almost double what you take out in loans. This is common sense to me, but maybe we need to start mandating a personal finance class in every high school and college.

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This video is just flat out fear mongering. The gold and silver market took a dive also.

The US is a service economy that's why we go to college for those jobs.

You know what? I hope people actually listen to this video and decide not to go to college. That will ease part of the degree dilution problem.

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