COLLEGE COSTS

Friday, December 26, 2014
Graduates in these fields are getting the biggest raises.  Early on in your education you are motivated by competition, by greatness, maybe even fame or service, but do not buy into that old socialist canard that "money isn't everything" that you'll often hear in your school's program.  Do not listen to them.  First, don't let some collective voice who can't think for themselves or generate wealth for themselves tell you or anybody else how to make money.  You don't have all the time in the world to make money.  Do not let anything get in the way of your productive years.
 
Friday, December 19, 2014
Considering a Master's Degree in English?

Wednesday, December 3, 2014

Monday, December 1, 2014
Do you know what Running Start is?  You should.  Especially if you want your son or daughter to excel in college.  It's a program that allows them to take college courses while they are in high school. Check it out. 
  
Thursday, May 29, 2014
This sums up my position on college.

Friday, October 24, 2014
Find out what jobs the different US cities are known for.  Interesting interactive. Thanks to Bob Wenzel.

Thursday, October 23, 2014
Remember why you're going to college in the first place--to get a good paying job.  Unless you're just after the college experience and running up personal debt and wanting to explore options for your career . . . . Use this tool to compare how the different states pay in your chosen field.

Monday, October 13, 2014
Looking for the best results from an MBA program?  Check out who pays and what.  Thanks to Robert Wenzel.



































Friday, September 12, 2014
Check out these starting salaries for jobs that require college degrees.  If you go to college, choose your college major wisely.

Thursday, September 19, 2013
Here is an interesting and worthwhile challenge to kids thinking about going to college written by James Altucher.
  
The Ultimate College Challenge To Fool My Kids Into Not Going To College

 

I give up. I can't tell my kids not to go to college. I have tried all the usual statistics:

A) student loan debt you'll never be able to pay back.
B ) for the first time ever, greater than 50% of the unemployed have college degrees. So that whole myth of "you can't get a job without a degree" is over
C) you don't learn anything in college that you can't learn on your own.
D) you can get a five year head start on your peers if you give up on college.

None of that works. The myth is too strong. I had to fight harder.

So then I wrote a book: "40 Alternatives to College".

I found out a lot of people don't have calculators. A lot of people, for instance, said that "starting a business costs money". But they didn't compare it to the cost plus opportunity cost of college.

A lot of people also said, "not everyone is an entrepreneur", ignoring the fact that I had 39 other alternatives in the book. So I really wondered what college gave all of these people.

Ok, I give up on all of that.

I have a new approach. It's a sneaky approach because that's the way things get done. By people doing sneaky things.

The College Challenge:
If they do one of the below items, I will "help" them go to college.  I wanted to come up with challenges for them that are realistic but extremely difficult. (e.g. I didn't put on the list, "win the NY Marathon").  I'm convinced if they do any of the below they will no longer buy into the societal myth that you need to go to college to be happier and more successful.

And it's not all about money. The below challenges will make them healthier, more creative, wealthier, etc, depending on what they do. And none of the below requires that much money.

They will also have the pleasure of doing something that is utterly unique and will ultimately be considered cool or fascinating in their social group.

A) Make a YouTube video (or channel) that has five million real views.
B ) Get past the second series of Ashtanga Yoga. (at least part of this has to occur in India).
C) Make a business that has over $50,000 in revenues in the 12th month.
D) Write a book (or set of books) that has more than 5000 paying readers
E) Create a blog that has over 100,000 unique monthly readers. Note: you don't have to be the only writer on that blog.
F) Take 50 or more courses on Coursera. With me.
G) Intern with someone who is among the best in the world at what they do.
H) Organize at least 20 meetups of twenty people or more around a specific topic.
I) Run for political office and get at least 30% of the vote in a primary.
J) Have 50 people write to me explaining, in detail, how you saved their lives.

All of these are such massive achievements that you should no longer see the need to go to college to achieve something great in life. All of these will solve the problem of "how do I socialize with people?"

And any of these challenges will put you on the path to mastery at a much younger age than most people. You will feel immense self-satisfaction.

Also, after people graduate college, they can no longer afford to go on the path to mastery. They have to pay down their college debts.

Well, what if you are not an entrepreneur? No problem, don't do "E".

What if you can't write a book that gets 5000 paying readers.

No problem. Write 100 books that get 50 readers each. Make each book 15 pages. No big deal.

Anyway, just pick one.

Well, what if I pick one and then I fail at it?

Ok, then learn from your mistakes and either try again or move onto the next thing. You are still no worse off than your peers who are learning nothing and getting into massive debt.

I wish my parents had done this for me when I was eighteen.

But it's easy to believe the storytelling and mythology of prior generations which put blinders on how much the world has changed in the past few years.

Doing the above items will help you take the blinders off.

Doing the above will help you succeed far greater than your peers and even me (hard to believe but true!).

And even if you don't succeed in the traditional sense, my guess you will learn much more about yourself than joining the herd and becoming another monkey in the zoo. 

Monday, July 1, 2013
Here is a complete list of online degree programs.  Do not ignore it.   http://www.accreditedonlinecolleges.org/Degree-Programs/

Thursday, June 13, 2013
Want an MBA for $5,500?
This may be worth your time to check out.  http://www.new.edu/info/tuition/.  You can earn an MBA in 16 months at 3 courses per term for $5,500. All online.

Wednesday, April 3, 2013
The job market is getting more competitive for the shrinking dollar.

The Washington Examiner
 reports:
With colleges producing more graduates, and youth unemployment at a sky-high 11.5 percent, even landing a job selling Big Macs is getting competitive.

Consider: A job opening at a Massachusetts McDonald's restaurant for a full-time cashier requires one to two years experience and a bachelor's degree.

"Get a weekly paycheck with a side order of food, folks and fun," offered McDonalds.

You'll need to market yourself better than the next person.  You'll need a good resume, and I can help.  I've already helped over thousands of graduating seniors.  Call me at 626-789-1599.  Workers over 30 and you want help, it is even easier to help you.  Call me to find out how.  

November 20, 2012
Gary North: Don't Pay Retail for a College Degree

Watch the above video first, then open this link to zerodebtdegrees.  Check out Gary North's Deliverance from Debt.

October 13, 2012
The headline in this article sounded unbelievable wild, but it is true.  It reads "1.4 Million Americans with over $100,000 in College Debt."  Please count the cost of a college education, and know, too, that you can get it for less.  See the solutions at the bottom of this page.  As the high schools push more and more for kids to go to college, almost shaming them if they don't choose that path, I feel I stand as a lone contrarian and declared target if I ask kids to count the cost of a college education.  Apprenticehip is one alternative.  It saves kids and parents money, allows them to know a business in detail, get a real-world taste for a field, and earn the praise and recommendation from a business owner.  Of course that path is not for everyone.  If you're looking to be a professional, a lawyer, doctor, engineer, and so forth, state licenses require a degree.  But you can get a degree for $15,000.  Parents or students don't have to go $27,000 in debt.  I don't like seeing anybody in debt.

October 9, 2012 
THAT $1,000,000 IN EXTRA LIFETIME EARNINGS?  IT'S A CON.
These stories of college graduates running up debt astonish me.  I myself accrued a small amount of debt, enough to force my hand in taking a job strictly to pay off the debt.  I wasn't pursuing my life's dream, nor was I serving my career.  I sacrificed my future.  I was under the influence of the prevailing values of liberal communism.  In fact, any student of the Humanities would be under the same spell if he were to call himself a good student.  Was there any other criterion to judge one's self?  But I learned.  The lesson was hard, all important lessons are.  Count the cost.  I did but only for a 3-year period.  There are plenty of costs to count.  There is the financial cost.  There is the cost of ignoring marketing.  I didn't market.  Again, I was desperate to get out of debt and took the first offer that came my way.  "Yes!  Yes!  Yes!" came my reply to her offer.  "Then sign on the dotted line" came her reply.  There are the costs for joining an organization that conflicts with your personal values and your economic good sense.  Don't let an organization change your values.  It will have influence on you.  Count the cost of that influence.

"By the time they graduated in 1995, the couple was $194,000 in debt. They eventually married and each landed a six-figure job. Yet even with Kellum moonlighting, they had to scrounge to come up with $145,000 in loan payments. With interest accruing at up to 12% a year, that whittled away only $21,000 in principal. Their remaining bill: $173,000 and counting."

It's stories like this that make me feel lucky.

October 5, 2012
This is a fantastic article on the tangible and qualitative benefits of a college degree's ability to transform self-worth.  It doesn't.  You know this.  Don't be fooled by some desperate acquaintance or ill-thought notion that a college degree is so important.  Check first to see if a company or a corporation will consider hiring you based solely on what you know rather than on the degrees you overpaid for.  Here is the article.  It includes a list of successful business individuals who, don't say it,  dropped out of high school and ended their formal education there.  It's an impressive list.  In alphabetical order, we have:

Tyra Banks
Beck   So he's the singer of "Loser."
Richard Branson
David Bowie
Woody Allen

Carla Bruni, Singer, song-writer, and wife of former French President, Sarkozy
Warren Buffett
David Byrne, of Talking Heads fame.
James Cameron
Coco Chanel
Ellen DeGeneres
Michael Dell
Barry Diller, Founded Fox Broadcasting
David Geffen
Whoopi Goldberg
Donna Karan
David Karp, Founder of Tumblr
Annie Leibovitz
Doris Lessing
Steve Martin
Sean Parker,  Founder of Napster
Wolfgang Puck
William Safire
J. D. Salinger
Ted Turner
Kristen Wiig, American actress, comedian, and writer.
Sam Maloof, furniture designer.

September 17, 2012
Appalled but not surprised by the racket that is college debt, Gary North says in contemplation of a young man's debt "I would call this student a victim of a poor high school education. I would also call him a victim of the college."  Don't be a victim of a poor high school education.  Do the math, and count the costs of any long-term expenditure.  Please.  Ignoring the cost of a college education can bankrupt and humiliate individuals for many years to come.

September 12, 2012
It is troubling to watch how parents and students pay so much, too much, in this Texas father's case, so much money for a college education that does not pay off.   We all operate off of our own assumptions.  We all have been taught that we all need a college education to somehow certify our intelligence or prove to our brothers, in-laws, or cousins that, yeah, we're smart.  The only person who really needs to know that you are smart is your spouse, your immediate family, and the clients and people you work with.  Otherwise, spending thousands of dollars, or in some cases hundreds of thousands of dollars, for a certificate signed by your governor to prove that you are smart may not be worth the debt that too many kids are taking on, debt that parents sadly give their permission to.  See this poor parent: he claims that educating his five daughters cost him $1.5 million dollars.  Really?

September 8, 2012

Prof. Lawrence Kotlikoff on the costs of a college education.

September 5, 2012
The Pit and the Pendulum of College Debt.  It's worse than the Poe short story.  Here is Gary North on the college student debt-bomb.

September 3, 2012

John Stossel on how government intervention causes the increases in college prices.

August 18, 2012
Here is an article from the British Telegraph weighing the value of a paid higher education. 

August 13, 2012
MAN TAKES OUT $142,000 IN STUDENT LOANS TO EARN CULINARY DEGREE:  HE'S NOW EARNING $10 AN HOUR
Here is his story.

August 6, 2012  
A MISSISSIPPI COUPLE OWES $110,000 IN STUDENT LOANS
Here is a couple from Mississippi.  They both acquired $55,000 student loan debt, totaling $110,000.  Their joint income is $50,000 combined.  They have 1 child and leave their child at a daycare in the morning.  They rent an apartment.  The husband is in real estate; he didn't need his degree to be a Realtor.  He could have saved 4 years and $55,000; the wife could have also.  This breaks my heart because I see young people doing well in business with no college degree and no debt.  They're doing very well, and they have 2 and 3 beautiful, healthy children.

August 1, 2012  
A MEDICAL DOCTOR OWES $555,000 IN  STUDENT DEBT
A poor woman who earned a medical degree is now in total debt to the tune of $555,000.  She cannot pay it back.  She will be in debt until she is 70 years old.  She has a medical degree. She has work as a doctor.  She thought that her earnings as a medical doctor would make it easy to pay back the loan.  She did not count the cost.  She did not count the cost of interest on her loans.  What makes this story even more sad is that her father co-signed on one of her loans.  Her story is here.

Wednesday, August 1, 2012

Lew Rockwell interviews Gary North on getting a university degree at a low cost. He refers to American Public University.



July 22, 2012  
THE BEST ADVICE IS TO NEVER TAKE OUT A STUDENT LOAN
Good advice by Gary North, "The best advice is to never take out a student loan.  Take all college-level general education courses by CLEP, if the college allows this. Otherwise, at the community college. Cut costs."


Don't do what these students did.



July 2, 2012
THIS YOUNG MAN RECEIVES CALLS DAILY FROM DEBT-COLLECTORS  
This is the story of a young man, 28 years old, who dropped out of college and enrolled in culinary school.  A laudatory goal. Practical (and by practical I mean smart)?  You be the judge.  He graduates from culinary school eight years later--that's how long it takes to earn a medical degree--and at 36 the man is $142,000 in debt with student loans.  I'm not sure, but I can't imagine any restaurant or hotel around the world that could pay him enough to pay off that loan plus the interest.
FACT:  You cannot claim bankruptcy on student loans.
HINT:  A better alternative to college is apprenticeship.
TRAGEDY.   Here are the devastating details.  

SOLUTIONS
July 12, 2012
EARN A COLLEGE DEGREE FOR UNDER $10,000.
Colleges and high schools won't tell you how to save money or how to earn a degree for under $10,000.  It will take sacrifice and hard work.  Saving thousands of dollars and still earning the degree requires a serious effort on your part.  I don't want you to find yourself with tens of thousands of dollars in debt at the start of your young life.

First, start by taking CLEP Exams. In general, not in all cases of course but in general, 1 CLEP exam is equal to 1 semester of college-level equivalent class. If your son or daughter is ambitious, have him take a CLEP during the summer. If he passes the exam, he can use that score to exempt him from taking that required college course. Your son can take 1 CLEP Exam each summer and maybe a total of 3 CLEP Exams per year while in high school. If he follows this path, he can test out early in his first 2 years of college and save you money. As you save money, your son saves time. As he saves time, he can use that time for more productive activities, like taking a debate class or a public speaking course or attend an economics class at the Mises Institute or start a business. I tell you this so that you can save money and time while your son earns his college degree.


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