Shocking Data Show 40% Of American College Students Never Graduate

As we've pointed out time and time again, the notion that going to college guarantees a higher paying job and a better standard of living is a myth ('millennial Congresswoman' Alexandria Ocasio-Cortez effectively embodies this myth; she worked as a bartender before launching her upset primary campaign, despite graduating with a degree in economics from Boston University, and has spoken about feeling directionless after graduating with a mountain of student debt).

Generally speaking, data suggests that college graduates earn higher incomes, face lower unemployment and happier and healthier than their peers who don't have a degree. But these general figures mask the fact that millions of degree holders are defaulting on their student loans (one study published in August said 30% of student loans are in their default, or in arrears) and also struggling with underemployment or being stuck working jobs that don't require a college degree. One million Americans default on their student loans every year. And if defaults continue at their current pace, roughly 40% of borrowers will have defaulted by 2023.

With so many flashing red warning signs, the fact that the risks posed by this teetering pile of $1.4 trillion in debt have received only glancing coverage in the financial press is astounding. Coverage of the rising cost of higher education always carefully asserts the old conventional wisdom - that, even with the debt, the underemployment and their resulting stressors (reams of data suggest that American millennials are delaying marriage, family formation and buying a home, largely because of their student loan debt), young Americans are still better off with a degree than without one.

Which is why it was almost refreshing to see the Wall Street Journal publish a story deconstructing these myths. A story that acknowledged - in its opening paragraphs, no less - that "college graduates can end up worse off than people who haven't gone to college at all."

In fact, 32% of college grads (a group that, we imagine, includes a large number of gender studies majors) end up with jobs that don't require a degree 10 years after graduation.

But students who start college, but never finish, are worse off than their peers who earn their degrees (regardless of how long it took to finish). But how many students end up in this predicament? A surprising number, as it turns out. For every 100 students who enroll in university, 40 will never finish. Of these 40, 32 will still need to pay off student loans. Roughly 10 of these 32 - roughly 30% - will eventually default. That's compared with 5 out of 42 graduates who carry loans.

As the chart below shows, students with "some college" struggle with unemployment rates that are nearly as high as students with only a high school degree.

Their earnings potential is also far closer to those with only a high school diploma than students who finish college.

The average student loan burden for Americans has nearly doubled over the past 20 years.

To sum up, while a college degree can bestow higher earning capabilities, students shouldn't enroll without a clear plan for how they're going to make a living post-grad.

this is not newsworthy, everyone knows this shit. sage for bot-tier OP slide thread.

this is not 4cuck

Let me guess, they won't provide a racial breakdown of the non-graduates.

Well is it affirmative action niggers or white males that were bullied by SJWs?

I've learned more on the internet then I ever did in school, but I'm not a low IQ moron. College is a joke unless your going for STEM, lawyer, doctor ect.

STEM is a joke too. Law school has always been a joke. Doctor is legit.

So college is only worth it if you do practice.

Hello doc I'm your newest patient!

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Another thread with a jewtube embed. Almost as shocking as degenerate college students going into massive amounts of debt for useless college degrees and not achieving anything worthwhile or even finishing.

obligatory: this doesn't apply to STEM
if you're not interested in STEM or you're wary of the financial burden that's fine, learn a trade or something, but don't pretend the reason you're not going to college is because it's "completely pointless"

I dropped out of a PhD program for awhile while I was convalescing then went back. College was almost too easy. Annoying amount of busy work though, and hardly worth the money.

Race and gender. Women see colleges as dating pools to nab rich guys.

I dunno about the situation in America but over in good old Europe STEM is almost equally worthless as soft science unless you are a high-performance mathematician or happen to have specialized in a very small field that is currently sought after. You definitely cannot get by with "only" a general chemistry or biology or physics degree.

but it's definitely fullcuck

haha you have one thread whining about pedophiles on Youtube and this thread showing one of the best girls of all time - FukkenSaved

Back in the 1890s it was 90% and only the elite attended, now all the plebs get to learn how stupid they are while wasting their money as they usually do.

I mostly asked this because I remember reading here a few months ago how a large portion of students in majority black colleges do not graduate in 5 years. University is not representative of the population as is so they might make up more than 13% of that overall chunk of failures.

As if it's even possible to fail shit like black studies or gender studies. You can literally pass by inventing the most retarded bullshit on the spot.

I was talking about the racial and gender factors when it comes to failing college.

Even engineering can be dubious. What are you going to specialize in? Civil engineer = building logging roads in the mountains of BC. That's it and BC is pretty much logged out. So you're going to maybe have to move to Australia to get work, otherwise you're down in the construction pit with a shovel in your hand shoveling sand at $18.00 an hour. I know a chink civil engineer that went that route and he was not happy. He had to leave. I also know mech engineers that had to go back to school for nursing. Nurses can make $100k a year with OT. Mech engineer in western Canada? haha forget it.

Germany managed to press the entry level wage for engineering jobs from 70k down to around 30k in only a few decades. Let that sink in.

Holy fuck…

I had a friend who was a fully qualified journeyman electrician in France and he was making the equivalent of $10 an hour and working his ass off for it. Europe is brutal. It's no holiday.

It is a major for jews. If she was jewish she would have gotten a job as an economics professor.

Pay your fucking debt, faggots.


Or they just don’t use the loans and go to the community college. The affirmative action policy needs to be abolished and replace with strong meritocratic policy. Sterilisation and labor works for the idiots should be mandatory.

40% Of American College Students aren't jews