College is fast turning in to a suckers game [View All]

<I posted this on a sub thread, but thought it might be a good topic for discussion.>

As most of the jobs degrees were supposed to help people get end up outsourced or simply eliminated a lot of people are left holding the bag.

I started to realize college had turned in to nothing but a money making scam a few years ago when I found out corporate executives sitting on the boards of major corporations also held positions of administrative authority at major university's. How many people are aware of that? Not many, but it's true. I also knew something was up when some schools started calling students "customers" and staff "customer service reps". It is a business. A business that makes promises about getting good jobs that may not be there by the time you are finished. It is no longer about education. University = Expensive job training center. It is a business that can leave you in debt for decades.

Just like Fannie Mae went to hell I expect Sallie Mae to do the same. The only difference being Sallie Mae will be able to latch on and suck money out of people much easier like a giant parasite due to the fact student loans can not be discharged in bankruptcy. That is why student loan lenders are so willing to load up young people with tens and sometimes hundreds of thousands of debt in just a few years time.

Student loans are perhaps the BEST money making scheme to be in if you're a loan shark. You get to lend obscene amounts of money to people who are very young (and thus you can feed off of for potentially decades) AND they can never escape you due to the fact they can't discharge student loans.

Really it is to the point now that I would almost say if you have a choice of no college versus leaving college with tens of thousands of dollars in student loan debt you may end up better off by simply NOT going. The way this country is going I really don't see many skilled jobs staying here in the future. Think about it. NOTHING has been done by our nations leadership to keep jobs here. NOTHING has been done to create more jobs outside of the service sector. They simply don't care. That's the reality of the matter. How much cash has been given to major banks? How much has been given to create jobs? Not a damn penny that I am aware of.