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September 2013 Newsletter

September 2013 Newsletter

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Published by Sherry Peel Jackson
Is College Worth The Cost?

It’s fall semester again. Government schools all around the country have started, with the big yellow busses zooming through the neighborhoods as early at 6:30am.

Public education has been mandatory for almost a century now, but children in large numbers are no longer graduating from high school. The “dropout” rate in the United States is as high as many third-world countries.
Is College Worth The Cost?

It’s fall semester again. Government schools all around the country have started, with the big yellow busses zooming through the neighborhoods as early at 6:30am.

Public education has been mandatory for almost a century now, but children in large numbers are no longer graduating from high school. The “dropout” rate in the United States is as high as many third-world countries.

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Published by: Sherry Peel Jackson on Sep 10, 2013
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09/10/2013

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Newsletter
 
Is College Worth The Cost?
 
Its fall semester again. Government schools all around thecountry have started, with the big yellow busses zooming throughthe neighborhoods as early at 6:30am.Public education has been mandatory for almost a century now,but children in large numbers are no longer graduating fromhighschool. The “dropout” rate in the United States is as high asmany third-world countries.Many years ago I predicted that because of the failure of thegovernment schools our children, unable to get decent jobs andearn a living wage would quickly turn to crime. That time isnow, as I hear of a proliferation of home invasions andburglaries and drug crimes all over the local and national news.Even the young people that finish high school with decent gradesare caught in a trap. College tuition has increased dramaticallyand many have student loan debts comparable to house notes. But,is this endeavor worth the cost?According to statistics, the average cost of a college educationat an in-state public college ranges from$22,000 on the low endto $43,000 on the high end. These numbers increase drasticallyfor out-of-state and private colleges.
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Newsletter
 
 What's the Price Tag for a College Education?
http://bit.ly/14FZzuV So, what are our children receiving for all this money? Notmuch. Many 2012 college graduates are still looking for jobs intheir fields. They are working for minimumwage or just slightlymore, at restaurants, retail stores and banks.An associate of mine recently told me that his 23 year old son,which has only a high school diploma, works as a bank tellerright next to a 25 year old college graduate with a heftystudent loan. I know of students that see no choice but tocontinue on to graduate school, mounting up even more debt, inhopes of landing a job that will at least pay for an apartmentand their student loan.According to a Mckinsey Report: “Six times as many graduates areworking in retail or hospitality as had originally planned.Since there are 1.7 million grads who are getting bachelorsdegrees this year, that means 120,000 young people are workingas waiters, Gap salespeople, and baristas because it was theonly work they could find.
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Newsletter
 
53% of Recent College Grads Are Jobless or Underemployed—How?
http://bit.ly/1cZgOwF Where did all of this go wrong? There was a time when a college education all but guaranteed youa middle income job and a graduate degree guaranteed nearly sixfigures. These days unless you majored in Science, Technology,Engineering or Math you are bound to be underemployed based onyour degree verses whats out in the job market. The STEMgraduates, for the most part, are working in theirfields and earning a decent living. But:
 
Most of our manufacturing jobs have been moved offshore due togreed and high taxation.
 
Foreign students are coming to the States in droves taking thebest jobs at a lower pay than the college graduates wouldaccept.
 
 There has been a steep decline in the work ethic in ournation.Hence, all thats left is service industry jobs. We are nolonger producers, we are servants! You dont need a collegeeducation to greet people at Wal-Mart or serve thema hot mealat Longhorn Steakhouse.
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