Not so long ago, young adults were sent to college for the purpose of becoming educated, socially aware members of society. The goal of a college education was the learning process itself and the acquisition of beneficial knowledge.
But something changed. Along the way, colleges realized that their graduates were given priority in the job market. College diplomas transitioned from simple indications of education to bargaining chips holding measurable monetary value. People started noticing the increase in net value associated with a college degree.
And just like any other private business, colleges across the country responded to rising demand with significantly higher prices. At this point -- at this price -- college was no longer simply an educational experience; it became an investment.
Today, young adults pay thousands of dollars to colleges for one reason: to get jobs. And yet every year, too many kids are walking off their campuses with expensive degrees and no jobs.
Here are the real reasons why college is a bad investment:
1. It's debatable whether colleges even offer valuable information anymore
2. The educational value you do receive can easily be acquired elsewhere
3. For 90 percent of careers, all required skills are learned on the job