The Negative Effects Of College Loans

Did you know that in total, over 1 trillion dollars is owed in college loans? There are a number of reasons to not go to college. For example, college is very expensive. It also doesn’t teach you what you need to know to be successful at your career path. You can be successful even if you drop out. Going to college is overrated because it is expensive, it doesn’t teach you what you need, and dropouts are successful too. College is overpriced. College prices are raising. College is one of the biggest scams. In 2005 the price was $17,233. Now it is $44,740. Then there are college loans. The government has backed over 1 trillion dollars in college loans. Most people will not be able to pay this off. They are underemployed or unemployed. College loan is now equal to mortgage debt and credit card debt combined. Effects of college loans are almost always negative. It causes people to push off children and marriage. Less people are buying a house in their 20’s and 30’s. It causes a resentment towards life that continues to cause chronic depression.
Self Application will always beat education . One of the biggest lies is college equals success. Success has almost nothing to do with education. Successful people learn by doing, not learning to do. You need more skills than what you learn in college. Many managers and and CEOs hire off of 3 variables. Their experience and what they know, their proof of success, and if their personality fits the job. College is teaching us to be employees. Why would you want a job where you could be fired any minute, when you could start your own business. Most people will take over $100,000 in loans for a chance at their dream job than take $10,000 in loans to start their own business. Would you rather make less money but have less debt, or make more money, but be deep in