Monday, July 11, 2011

The "College Bubble"

Came across a pretty interesting video on YouTube today called "College Conspiracy"...
Here is the link to it:

Personally, I don't understand the need to create such an opinionated video. By claiming that "college education is the largest scam in the US history," the producers of this documentary are basically stating that college is a dishonest scheme, a fraud, or a wrongful or criminal deception intended to result in personal or financial gain (according to definition of the word "scam" in the Online English Dictionary). After watching all of the video, I realized that their biggest dissatisfaction with college is based on how high the price of a college degree is and how little benefit a college degree can supposedly provide you.

However, I'd like to point out two things in response to this video. First, there is not one path in this world that is perfect for everyone, and a college degree is not a requirement, therefore it should be one's own choice whether to attend college or not. It's not like there is a certain fixed guarantee that one will not succeed in life without a degree or will with one. The video itself is influenced by an interview of a man that succeeded without a college degree. This example should be used as an illustration of someone who made the right choice rather than the pointlessness of college. College is just another way to systemize the job market, just as many other sorting systems in life, but it does not mean it is absolute - there are exceptions. Second, yes, the prices of college are high, but what prices aren't? The group that provided the research for this video is called inflationUS, and inflation is frankly one of the most contributing factors to this issue. They interview several people that have fallen deep in debt because of college, but they don't see that college isn't the reason. They took an unnecessary risk and made a bad bargain when signing to an unrealistic payment schedule, that's all it comes down to.

My response to this video should be regarded as my objective view on the matter. I did not intend to offend, in any way, the makers of the above mentioned documentary.

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