Peter Schiff: Are College Degrees a Waste of Money?
President Obama promotes the myth that everyone must go to college. That if you don #39;t go, your life will be ruined -- that you will end up waiting tables, or trapped in some other mundane occupation. The truth is, even with a college degree, you may still end up waiting tables, you #39;ll just begin your "career" four or five years later, tens of thousands of dollars in debt. Here is an example of some of the plumb jobs college grads were able to land during the Obama administration. Not just liberal arts majors mind you, but graduates with degrees in mathematics, robotics, neuroscience, engineering, accounting, business administration, economics, biology, communications, graphic design, marketing, and linguistics. Of course when it comes to education, it #39;s not just the Obama administration that deserves a failing grade. For years, politicians of both parties have pandered to students by promising more aid in the form of direct or subsidized student loans. As a result, colleges and universities are freed from competitive forces that would otherwise keep tuition low. Easy access to cheap credit enables students to bid up tuition, benefiting the educational establishment at their expense. Politicians secure student #39;s votes by promising relief from skyrocketing tuition by providing even more loans. Ironically, the loans themselves are the very reason tuition is so high in the first place. Before the Federal Government got involved, college degrees were much more affordable, and ...From:VitacoreVisionViews:1 1ratingsTime:05:04More inEducation
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Peter Schiff: Are College Degrees a Waste of Money? - Video