Forbes- With tuition prices exploding, students are graduating with $50,000, $100,000 and $200,000+ in student loan debt and can’t find jobs that could possibly support their loan payments, let alone their living expenses. The math simply doesn’t work. I can’t tell you how many times I’ve heard about newly minted college grads with massive student loans and very few job prospects. It’s horrifying to see,” says Hazelton. In fact, he characterizes the student loan industry as predatory. He explains, “For-profit colleges are particularly problematic when it comes to predatory lending. Many of these so-called ‘higher learning’ institutions have built a reputation for recruiting unqualified students who will NEVER be able to pay back their federally guaranteed loans. What these schools do is go after anybody and everybody they can get their hands on, securing them federally guaranteed student loans to fund their tuition prices. It’s like a free money gold rush for these dubious schools. ”
Thank god for Bill Hazelton or I would have had no idea that I (and by me “I” mean my parents because I’m an overprivileged piece of shit who talks about what school I went to in every single blog, right guys?) spent $50,000 a year so I could have the privilege of waking up at noon to go to a class so I could blog until I was able to go back to my dorm and watch Cops for two hours until deciding what time Drink O’ Clock was that day before passing out and doing it all over again the next day wasn’t actually worth it. I don’t even know if “pyramid scheme” is even the right word here because at least when you give Bernie Madoff you’re expecting a return. I don’t know what the term for putting a bunch of money in a blender and hoping it turns into a gold brick is but that would be a more accurate description.
If you’re going to college these days and actually expect to be met with a job offer just because you spent a shit ton of money to get a degree, you shouldn’t be allowed to graduate in the first place because there’s obviously something wrong with your brain. And that’s especially true if you think degree in dental hygiene from Everest (fuck the University of Phoenix) is going to put you on the fast track to the upper class. Don’t get me wrong. If I could do it again I wouldn’t change a thing. I saw how hard the overachievers and underprivileged people who actually appreciated the opportunity to get an education worked during their four years and that really wasn’t my thing. They might have really good jobs and families who support their careers, but I’d kick their ass in NHL ’12 so I’ll let you figure out who the real winner is here.