Colleges Across America Are Closing Their Doors (Here's Why)
Вставка
- Опубліковано 24 бер 2023
- Colleges Across America Are Closing Their Doors (Here's Why)
Make your dream job a REALITY! Subscribe today: ua-cam.com/users/TheKenColem...
Get Clear on What You Were Born to Do
Take our assessment: bit.ly/3MSlBpT
Order my new book "From Paycheck to Purpose" : bit.ly/3DsvV2M
Free Guides & Resources:
www.ramseysolutions.com/tools...
Listen or Watch The Full Show: bit.ly/2GVm6iX
Free Guides & Resources: bit.ly/2UsQg57
Grab my book, The Proximity Principle: bit.ly/2VvBlVc
If you have questions about your career, passions or talents, call the show at 844-747-2577 or email ask@kencoleman.com.
Do you feel stuck in your job? Do you dread going to work on Monday mornings? Do you want to do work that matters? The Ken Coleman Show is for you! Join the conversation with #1 bestselling author and nationally syndicated radio host, Ken Coleman as he delivers practical advice to help you discover the role you were born to play-and map out a plan to get there. You have what it takes to make your dream job a reality!
Website: bit.ly/2RD3Gv6
Instagram: bit.ly/2vV00uX
Facebook: bit.ly/2CtJKRh
Twitter: bit.ly/2Cu4RCQ
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/compa...
My youngest son went to an 18-month trade school for electronics/robotics. He lived at home and worked. No debt. He is 26 and made $75k last year.
What school? That sounds perfect for my son.
I wish my parents didn't force me into college. I am 26 years old and unemployed :[ Luckily I dropped out with 15k student loan debt and currently doing a mentorship program in 2D and 3D design. People need to value the skills learned through their education and not their credentials.
For the win‼️
lies
I learned way more from watching UA-cam than I ever did sitting in a class
💯
I learned more marketable skills in college (engineering school) that I learned watching YT. I learn things watching YT and I'm glad so many others do too. But the problem is kids going to school not to learn but to get a degree.
@@eddarby469 that's engineering.
Stem medicine, and law are the only things you should attend college for
@@kenandrieling5885 Yes, real STEM majors are important. The problem is, most students are there to get a degree but not to learn something. The faculty will accept their money and let them choose what classes to take. Nobody is steering the students to success, in part because all paths in life are equally valid. This is a lie, but they profit from the lie.
The correction is coming when fewer folks choose to go to school, as you did.
We're in for a painful reckoning.
me too!
Payless Shoes went out of business several years ago.
College is a business and like any business, the goal is to solve a problem for as many people as possible or in other words to serve as many people as possible. When the focus is taken off of serving the customers and is placed on greed, everything starts to fall apart. Colleges have focused on greed for too long by hiking up prices to staggering levels as well as offering degrees for nonexistent careers. Now they're paying for it. Lower your prices to compete with trade schools and offer degrees for careers that actually exist and things can turn around.
Agreed!
BINGO!💥
Except for the money forcibly removed from some citizens and injected into this business. Yes, I am against all other forms of corporate welfare and individual assistance.
@@diggernash1 Yeah, I agree. Too much money is just given to colleges just to be colleges. Why are we paying taxes for colleges when we have to turn around and pay them hundreds of thousands on top of that?
@@Spladoinkal And we have to pay for the children of others to attend. I have no responsibility to improve their lives.
lets bring "Industrial Arts Education" back into the public education curriculum starting in junior high. I learned how to cast metal, spot weld and stick weld in one 9th grade class. And in another class I learned wood working. In high school I learned to use a wood lathe, plane wood and spray lacquer in a spray booth. Another class I learned auto mechanics. I am now 61 and I remember some of that, but most important I was exposed to all of it. We need trades people. And trades people are now being paid better that many college graduates.
Same here. My high school shop teacher was a badass. I own a large construction business now and regret ever going to school
My love for tools and machines began in my 8th grade shop class.
YES!!! So true.
Yes, encouraging and promoting the trades is crucial. Bringing back shop class, even home economics and personal finance. I went to a community college and got an associate degree. The experience was so much better than the four year model. Universities are not about true education, but simply another big business model. And there is nothing wrong with making money but a big issue when people who aren’t old even to vote, but can take out mortgage level debt!
WHY has no one asked the question: WHY are tuition, books, dorms priced SO HIGH? And not referring to Ivy league schools or other popular ones because of their football team?🤦♀️
My nephew worked his butt off most of his child hood on his sport. He ended up top-5 in the country and got a full ride offer to Stanford - as well as many other big ten and sec schools. Not like he was looking to me for advice, but I told him I think you are nuts to not get that stanford diploma. ff 5 years he was offered a 6-figure job at an investment bank with no experience at all. They will groom him and teach him to sell stuff. THAT is why many people choose to overpay for status or name brand when it comes to these schools. I don't care for it but it does work if you also choose a lucrative field and you work for it.
I’m 48. Last year, I found myself where so many Blue Collar guys my age find themselves, the dreaded “advancement ceiling”. I decided to get a degree at a small, fully accredited University. I’ll have a masters in accounting in a couple of years for less than $50k. Simultaneously, I have a daughter who thinks she must attend Cornell for her bachelors…nearly $200k for an undergraduate degree no more valuable than mine. It’s crazy.
Jimmyglea, that's awesome. I'm 62 graduate this year with my A.S. In accounting at a junior college. I was able to utilize grants and everything was payed for. I will be attending UC Santa Barbara they have a great accounting program. I will just work on getting a certificate of accounting there; I do not need a 4 year degree to work in the accounting field.
@@vincentortega4284 That’s awesome! I didn’t go to college as a “kid”, so the bachelors/masters is a bit of a vanity project, as well as a way to demonstrate my abilities at my age. Good luck to you man!
@@jimmyglea I also did not go to college as a kid. I went to trade school for my welding license, then later started working in the oil industry. Now I'm going to college. Jimmy, there is so much education right online now; we can learn so much right from our computer now.
as an european it's so wild for me that 50k looks like a good price for you. I've paid almost 9k for 5 years of architecture school, an erasmus program and a master's degree in spain and my uni is regularly placed on top 20 best in the world, completely wild the pricing in us. At the same time i was told how much an intern makes and it blew my mind.
@@leoglasmeyer2853 And $50k is about as “cheap” as I could find that would fit in my working guy lifestyle. There’s a lot to be said about other countries higher education systems.
When I went to Nursing School and got a BSN at Rutgers, NJ (a state school) it cost $4,500. I just looked up the price of what it is today Ken. $22,000 per year OMG. No way.
I have heard that for public colleges lost a lot of government subsidies or aid from the state level that they had to increase their tuition. But that is not the whole story. One just needs to look at the Recreational centers they have built.
It’s like when Champion got popular all the sudden a few years ago. I remember when I was in elementary school, I was embarrassed that my mom bought me a Champion sweatshirt instead of an Adidas sweatshirt like the cool kids.
Nobody wants to spend thousands of dollars for a piece of paper when it’s already expensive as it is in life. It’s just not really worth going to college unless you are going for I.T or the medical field and a lot of times you have to be really smart for that. I was going to college but I plan on getting my CDL instead. I will still make good money while saving time and no debt.
STATUS: IS BUYING STUFF YOU DON'T NEED.
WITH MONEY YOU DON'T HAVE.
TO IMPRESS PEOPLE YOU DON'T LIKE.
I’m sharing your quote on my Facebook page 😅❤
I love Ken! My favorite Ramsey personality!
Best news i've heard in a while
Life hack: Be nice to people, personable, show up on time, and give good effort. This is all it takes to be successful. You do not need a college degree for the majority of jobs, nor to make good money. Most wouldn’t believe how far I have made it in tech, with no college degree, by simply doing the 4 items mentioned above.
And I’m sure you probably have a better work ethic than many entitled graduates with degrees who feel they deserve a huge salary simply because they hold a degree!
Yeah, I'm doing WGU pay as I go.
Fellow night owl
Underrated show. Here's another comment for the algorithm.
Told my kids unless they get full ride scholarships, they are going to local community college then transfer to state college to get their education debt free.
You raised your children right! Many have little financial education and have been sucked into overpriced degrees and debt!
Finally someone said exactly what I think about Golden Goose 😂 Thank you!
our son went to college for one year and told us that they did not offer the courses he liked. he went two years to a community coolege and became an auto mechanic. he worked as a mechanic for a few years and then quit and joined the air force. he now has 14 years in the air force and is an E 7 . a master sergeant. the air force sent him to school to repair f 15 and f 16 jet fighters. he can now come out of the air force after 20 years and work for boeing or any other big defense manufacturer. joining the military is what a lot of these young kids do not think about. they should. if nothing else it looks good on your resume.
It's regrettable that colleges are closing.
However they do charge too much as it is to begin with.
As someone who is on the hook for a degree that cost the price of decent home and was total waste of time and money, it tickles me to my soul to see them closing. I want to see professors working at Mcdonalds and Walmart.
They have set up a model to self destruct. I personally love the arts and humanities but of all the professors I had, I recall but a few who I felt were good teachers who cared. Many get tenure and have cushy jobs making TAs do the brunt of the work.
@@srs3572 sounds about right.
The funny thing about the U.S.A. is the fact ya don't need a college degree to make your mark on history or become wealthy.
All it requires is to be smart enough and the know-how.
I suppose I'm either too smart or too dumb😅
As someone who is on the hook for a degree that cost the price of decent home and was total waste of time and money, it tickles me to my soul to see them closing. I want to see professors working at Mcdonalds and Walmart.
Pandemic exposed everyone’s bull
'If you can't dazzle them with your brilliance...
Fill them with your B.S."
First, I've never even heard of Golden Goose shoes. And, if I won't pay $100 for a pair of shoes now, why in the world would I even consider paying $600 for those ugly things? Too, I worked in accounting for years & I kept being pressured at work to get a degree, even though I was already making good money. I tried going to college 2-3 times & I was having to take courses that didn't even apply to my job which was a waste of my time. I finally realized that if I completed the degree, all I would have was a big debt for a small raise so, I never went back & I have no regrets.
The 30+ required general education electives are absurd. At my community college, there were a few required courses in English, math, science and social sciences but not the huge number these four year schools claim will make you a well rounded, educated person. It is little more than a money trap now. I’m glad you stuck to your principles!
I like this guy
Cazenovia college in CNY is closing. Been there since 1894. So sad.
Beautiful area, and the horses at and around that school!
Sad is with housing, lifestyle and education we are becoming like the third world with an elite class and a large lower class , little middle class .
Nice that the trades are doing well, but sad that we are losing , for many years ,a deep education of literature, history, arts. These disciplines have been taken over for the last 100 years by politics correctness and are worthless and dangerous now at most universities.
But , it is terribly dangerous to be ignorant of history and not able to communicate at a high level . The elite becomes even more powerful. Prov 1:1. " The fear of the Lord is the beginning of wisdom."
Your post is excellent and truthful. I love the arts and humanities. I believe we need it to express and cultivate our souls but now, we have sold them to corporations and greedy business models. Artifacts used to learn as apprentices and it was about caring and sharing, not acquiring mortgage level debt! I would like to finish my fine art degree but only if I can earn it with scholarships and no debt. I also have be discerning of the false teachings in these institutions . Heavy Marxist ideologies, etc. I want to use my talents that God gave me, but I also don’t think God wants to see his children in so much debt and being brainwashed!!!
Your liberal arts college is on the chopping block. I think college is a great place but like all of us we need a mission and a plan that goes for organizations. I think we need liberal arts classes in degrees. Not a whole school dedicated to the subject. The college went from educating people at the turn of the twentieth century. Now there needs to be a ROI, because of competition in the workforce.
Yet jobs are still requiring a degree.
My sister just got offered a job that requires her to get her masters while working. No assistance from the employer. Only pays $40,000 per year before taxes and probably half her salary is going to go to college but hey it’ll look good as she decides to go to grad school in literally a week.
I just don’t understand this logic.
Those Golden Goose shoes looks like someone bought all the used shoes at the Goodwill to resell for $500 - $800 each .(just looked it up) By that math, the shoes in my closet is worth a small fortune. This business is doomed to fail.
Colleges say that math and physics are valuable, but they can't come up with compelling arguments why they're valuable. They're just piles of debt to me.
STEM has been over promoted now. I was told years ago that STEM was the ticket but now with AI coming into play, many of these promoted professions in finance, aspects of medicine, will be automated and professions will disappear. Skilled trades will always be needed!
@@srs3572Engineering isnt going away with Ai.
Had you said “Quantum computing” that’s a different story.
Solutions still need to be thought out for engineering and Ai isn’t going to do that. Nor is it going to generate designs that offer any solutions.
This is a success story
High status schools can get away with not teaching students valuable skills because they have the alumni/career connections for graduates to find work. All the non-status schools, you need to major in something vocational (engineering, accounting, nursing, real estate, ect) with good prospects for hiring or just go to trade school.
Golden Gooses, were they inspired by American Chavez the mutant from Marvel's Doctor Strange.
Take all government money out and let the chips fall where they do.
Hahaha he said pay me and I’ll scuff them up for you hahaha!
The competition for entry-level positions for college graduates was simply too ferocious, mostly due to rampant over-production of graduates. Too many graduates end up living at home.
I never heard of those shoes either, just get a regular pair of tennis shoes and wear them when you’re staining the deck or painting the house, or gardening. Problem solved.
The golden goose has some golden eggs😮
This should be the title schools are closing and I’m going to complain about shoes.
most these fly by night tech colleges are filing chapter 11 and closing which in my mind and eyes are crazy so your telling me they want these people to pay back all this student loan debit but not finish school yes they should be sued I went to a tech college back in 2001 to 2002 guess what in 2014 they filed BK i cant get a copy of my transcript i so need and never will so its almost like I never went there ! :(
Everyone should figure out how to go to college for free or don’t go. Join the military and go on a GI bill, 2 of our 4 kids did that. Get an athletic scholarship, one of our 4 kids did that, wait until you are 26 to go, and get grants based on your income, not your parents, our other kid did that, get an academic scholarship. Pick an indeserved area who will pay for your education, live at home and go to community college and pay your way thru, and then there is PSEO where you can finish your first 2 years of college while in HS for free. 😅
Kids finally figured out how awful student loans are. You got too expensive for your customer base.
Education is broken in general
Half the tuition cost is pointless
Electives… pointless
Core classes-pointless
I feel like math,science,English,history in college was just a review of high school
Just go to learn your field and get a job
Yeah, the English essays at a community college are same things you do in middle school and high school. I was getting 98% US history exams in high school. But I only got 85% on US history exams at a community college. I was pissed off at myself because US history was the same everywhere, and I should have done better than 85% at the community college.
i make more money without degree
HI I DROPED OUT IN THE 9TH GRADE IM 32 TODAY AND I HAVE 426K LIQUID NOT RICH BUT IM WORTH MORE THE MOST SCHOLARS
Either look it up or don't guess 😂
Funny, they tricked people into buying the emperor’s new shoes that are not attractive but have a so called designer label that are not worth the over priced cost
Historically, only an elite few men went to college. Let's go back to that. The rest of us don't need it.
And it was medicine and law pretty much. Also the christian monasteries would be the "Liberal Arts" schools back then. The left would flip out at that fact nowadays.
College is becoming a joke. Just do ChatGPT. 😅
Could it be they are offering a crappy, worthless, over-priced product??
Best news I have heard thus far! Thank you, Ken. I anticipate medium-size college will close soon in the near future! Go capitalism!
The shoes LOOK A MESS. People are paying to look POOR!
It's the same for some of these new luxury vehicles. They look horrible and people are paying CRAZY money for them.
GOOSE WHAT?
You don't need a college education to work at fast food services. (Yet)
✝️🙏
This approach to data is part of the problem with UA-cam. This guy has taken two data points & assumed he knows the answer. The issue is far more complicated & has to do with not only population loss, but also a lack of willingness by politicians & the public (mostly the already ultra-wealthy) to invest in higher education. Democracy can’t function without an educated populace, and an uneducated populace is easier to manipulate. In the 1970’s, taxes paid for 70% of higher ed. today it’s closer to 25%. And politically, look at what party wants to expand higher Ed & relieve the burden of students & which one wants to police their content & cut their funding. Then you can see who wants to cut democracy & who wants it to flourish.
Right, we need college educated people to keep the workforce competitive.
Previous generations could get by manufacturing, but we live in knowledge economy that requires critical thinking and perseverance that is required to finish college.
I'm not sure why the elite schools are seeing so much more in applications. The Ivy League schools may not be the best measure to what's happening with applications and enrollment at the other schools. They are a lot of bucks for not nearly the same bang - dollar for dollar. They are also not a good benchmark since they are not as many of them, and they are not nearly as large in enrollment numbers as any of the flagship state schools. That private schools outside of the Ivy League are seeing a drop is no surprise. All higher institutions are facing an enrollment cliff due to lower birth rates, but the smaller private schools are very expensive and many of them will shut down. That said, even state schools are seeing a drop in applications and I suspect many state systems will condense some of their satellite campuses.
Further, the price of schools increasing so much is in part because of the wide availability of loans. "School too expensive? We'll give you a loan! " There was no incentive on the part of higher ed to cut costs and keep the price low and on the state side of the equation, state funding for their own institutions has decreased so that also puts pressure on state higher ed to raise tuition.
Another problem is the current average high school student often lacks the maturity to really make the most of their college education experience and many would be better off to work for a year or two and learn what it means to show up, and get it done. The heavier expectations are often a shock to their psyche - even before COVID, but amplified by the pandemic. Lots of scholarship dollars, loan money and grant money gets wasted because they have to retake classes they failed.
Trade school is a great option. My brother in law runs a manufacturing company and says machinists are in short supply and can easily get a job making $60k + right out of school. Other trades are similar with regards to shortages and starting pay. I've been a college professor for 28+ years and between the burdens of loans these students graduate with, and the pay scale of many jobs the 4 year degrees prep them for, a tech school is not a bad option at all. They are naturally leaner in their cost structure and have none of the expensive frills such as athletics and Greek life to support.
Because a 4 year degree is incredibly overvalued.
Meh...this is tired horse people have been beating on for 30 years. Yet costs have continued to rise, because, for the all the crowing, an easy way for an employer to screen out a lot of f**k ups is to require a 4 year degree. It's good old American outsourcing.
The difference now is that prices are so high, plus a relatively smaller cohort, all made worse by the pandemic is forcing smaller privates schools who can't cover their growing costs. I don't really think this is something to happy about though. A lot of these schools I'm sure offered a great education, provided the students wanted to get it. And on that point, I'm skeptical that most of those complaining about not learning anything of value in college, really cared or paid attention.
There's definitely blame to go around as to why the prices have been rising multiple times inflation: states governments lowering funding, big capital projects to make campuses more luxurious to attract wealthy students, administrative bloat, etc., these mostly apply to the large state schools. Smaller colleges, be it liberal arts or a polytechnic, mostly have just gotten screwed.
True, trade schools do offer an alternative. While they are different in what they offer, they're not necessarily better and can be much worse than the local catholic university. See ITT as an example.
So, to sum up, I don't think this is the sign of a coming 'blue collar' jobs renaissance.
Yeah, a good way to screen out losers is to require a degree. Then, require a graduate degree. Then, require 5 years of experience. Then, require 8 years of experience. Then, require 8 rounds of interviews.
college is way over priced
Isn't it ironic that small banks are in trouble, but big banks are not! Now small colleges are the same. THINK PEOPLE!!!🙃🤔 And I'm going to start scuffing up my Underwear and start selling them online. I'm going to call Crappies! I'll be a Millionaire in 6 months!! I FEEL IT!!😂
This is a very good thing that these colleges are closing maybe then things will get better employers don’t see any difference between a college education person and somebody is not years ago is a different story, but they lowered the standards because of correctness and equity outcome. total disaster countries are not that stupid but America is.
He literally missed the entire point🙄🙄🙄
I’m a full on Ramsey solutions fan through and through but Ken seems really bitter and angry here, even towards the crew, and it’s not very becoming.
Good thing I dropped out
Same here. I dropped out in 1986. I'm now an Oracle Engineering Analyst. I make decent money. I took advantage of every opportunity I had and learned what I could on the way.
Cry me a river, Mr Dean if overpriced college
I make more now in a field that doesn't require a degree than one that did.
He compared Nike to a paless shoe. Payless isn't around. Not a quality shoe. Not a comparison to an overpriced college. The problem with a higher education is, too expensive. It's better now to get into a field and continue education as part of advancement.