Is College Education a Good Investment? SONG MASHUP “ The Frail ” by NIN “ Bitter Sweet Symphony ” by The Verve

Is College Education a Good Investment?

SONG MASHUP“ The Frail ”

by NIN“ Bitter Sweet Symphony ”

by The Verve

Is College Education a good investment?

Student Right-To-Know Graduation Rate

•15.5% graduated in “150% normal time”•23% graduated in 6 years•3% still enrolled after 6 years•1.4% transferred to a new school•19.3% were academically dismissed•The rest withdrew – 37.8%•Stuff here

(Baker College Handbook, 2010)


1 in 5 students leave because they can’t handle it “academically”



1 in 3 students quit



1 in 5 students actually graduate



4 year program – 6 years to complete



•Full time tuition costs - $3,280•Times 3 semesters - $9,840•Times 6 years - $59,040•Books, housing, transportation•Who takes out the minimum loan?•Does anyone? •Stuff here



$60,000 in debt at the bare minimum



No worries thoughYou’ll do better with Baker!



What’s the promise we keep hearing?



98% of graduates are employed









•Muskegon is actually 96.7%•Data only counts the first year after

graduating•Also only counts those who reply back•Wait what?•If they can’t get a hold of you,

you’re not counted in the statistic•Stuff here



•It doesn’t matter what kind of job you have either

•It doesn’t have to be in your field•Oh and it doesn’t include Online campus•98% of graduates are employed, my a$$


(Wang, 2009)

•College tuition up 439%•Medical only 259%•Energy only 108%•Nothing, not even inflation, will stop

the rise of tuition costs

Since 1985

(Matgouranis, 2009)Arizona has highest Loan default rate

Arizona has highest Loan default rate

10.9%

(Matgouranis, 2009)

Isn’t that where the University of Pheonix is?

(me, general observation, 2011)

In 2009, University of Phoenix received $26.5 billion from

government-funded student aid

(Morgenson, 2011)

Tuition is only $333 per credit hour

or $3,996 for full time

(Miley, 2009)

Yet1 in 25 students graduate

UOP online

(Miley, 2009)

Advisors and counselors are told to do whatever it takes to get a student

enrolled and are paid on commission

(Durrance, 2009)

UOP spends $100 million annually including $154 million for the naming

rights of a stadium that doesn’t have a sports team

(Miley, 2009)

Very little revenue is actually spent on improving education

in most for profit schools

(Miley, 2009)

(Irons, 2009)

•In 2007, 3 million students entered repayment for their student loans•12% (400,000) defaulted on their loans

in only 2 years•It takes 9 months of no payment to default•Half of those students who defaulted

attended For-Profit schools•Event though only 1 in 14 students

attend For-Profit schools•Yet 44% of those students defaulted

on their student loans

(Irons, 2009)

•Defaulting on your loan is serious•Your credit is ruined and you become

ineligible for further student financial aid•The government can and will garnish wages•They will also seize your income taxes•They can do this without court order

or any notice whatsoever•Then there are penalties for late payment

and even collection fees•Declaring bankruptcy will not clear

student loans either•Yet 44

(Irons, 2009)

There are only two ways to get rid of your student loan

Pay them off in full

Or die

It’s true that people with a college education will make more

money in their lifetime

(Durrance, 2009)

Except the opportunity costs of going to college will cancel any extra

income you hope to get

(Durrance, 2009)

(Me, ranting, 2011)

•With a minimum job at $22,000 a year•And 6 years it takes to get a bachelors •That’s $132,000.•$132,000 that’s given up to go to college•Which will costs at a minimum of $60,000•That’s almost $200,000 your missing out on

by being in college right now•$60,000 + interest and any fees has to still be

paid back•So

(Me, ranting, 2011)

•That’s about ¼ million dollars•Go ahead and cut that from how much you

hope to make from your college investment•That’s if you get job that pays what you want•Just remember 98% of Baker College

graduates are employed

(Me, ranting, 2011)

There’s only one way college can be a great investment

•Don’t go to For-Profit schools or universities•Don’t over do the loans, take what you need•Try to get/maintain a job while you are in•Scholarships/Grants•FINISH! You’ve gone this far, don’t quit•All joking aside, Baker is a good option•And Baker is a Non-Profit school

•So

You’re a slave to your money

And then you die…

ReferencesBaker College Handbook (2010-2011). Retrieved from

https://www.baker.edu/departments/admissions/currCatalog.pdf Durrance, C. (Producer). (2009, May 12). PBS Frontline. The Madoff Affair.

Retrieved from http://www.pbs.org/wgbh/pages/frontline/madoff/view/Wang, P (April 2009). Is college still worth the price. Retrieved from

http://money.cnn.com/2008/08/20/pf/college/college_price.moneymag/Matgouranis, C. (February 2011). States and student loan defaults. Retrieved from

http://collegeaffordability.blogspot.com/2011/02/states-and-student-loan-default-rates.html

Morgenson, G. (October, 2010). For profit schools, tested again. Retrieved from http://www.nytimes.com/2010/10/31/business/31gret.html

Mily, M. (September 2009). A lot of branding but not much understanding. Retrieved from http://adage.com/article/news/university-phoenix-spends-100-million-annually-advertising/138849/

Documents

Is College Education a Good Investment? SONG MASHUP “ The Frail ” by NIN “ Bitter Sweet Symphony ” by The Verve