College education has become a bad investment because students stopped learning shit in there. The end is no longer about acquiring a thorough and deep understanding of a field, its rather the acquisition of the degree itself. Vast majority of students say to themselves and to each others "You just get that damn piece of paper with most minimum effort, you/we will figure out the rest later". Only thing is that by the time they get to "later", they realize just how much they're screwed. They find themselves intellectually and mentally worn out at the age of 23-24 thinking that they achieved something of value and that the time and resources they poured into the degree will now start to pay off. But in reality, they're just too deep in intellectual and personal stagnation and staleness after wasting a great deal of what should have been one of the most intellectually active and personally cultivating time of their lives. So briefly after graduation they become progressively aware of the scale of the mistakes they made. First of those mistakes is how they haphazardly chose their majors without any consideration or research on the job market and their own talents and shortcomings. In addition all the procrastination and plagiarism they used to boast about come to them and remind them just how ignorant and underachieving they are in the field of their choice. Another thing is how they find themselves aimless after graduation, unaware of what to do next. Employers want experience they don't have and no one was there to tell them about the value and necessity of internships and whatnot. All of this is just the tip of the iceberg, I could go on forever.
The problem is most academic institutions reinforce all of this and even encourage it whether academics realize it or not. Except for the world's most renowned universities, the quality of the teaching staff and its techniques is nonexistent most of the time. The administration is pretty apathetic and indifferent about the quality of its graduates and the education they're (or not) getting. They couldn't care less what happens to them after they're gone as long as they can afford their PR budget and attending conferences. Its like they allow anyone these days to open a university and start giving out degrees and starting departments and study programs. The world is filled with universities of which most are laughingstocks in the sphere of academia.
The academic world is in serious need of reconstruction and reconsideration. I'll make sure if I ever had a kid that he/she won't fall for the same mistakes I did.
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