$100,000 NOT to go to College...What Do YOU Think?

Where were these people when I forgoed college?! lol

Interesting article nonetheless. Personally I think college is overrated and overpriced. My youngest brother holds a degree in Broadcast Media from a very expensive college. He is now a personal trainer. Bye-bye $120,000 worth of educational costs.

I really like the idea of people giving way to the entrepreneurial school of thought. It's about time someone thought outside the box. It really gives young people a valid groundpoint for creative thinking. I'm going to be interested to follow these young people in their journey.

Colleges are one hell of a money making machine, whats the % of pupils that actually end up in a job that matches there education???

Depending on how it is implemented, it could be a really neat idea.

Assuming people under 20 have the maturity to handle a free 100k is kinda silly. Most do not. But I'm sure there are stipulations in place with this grant.

People will say how over rated college is, but truth is, almost any job worth getting won't even look at you without a degree. So in that regard, it can't be that useless.

I dropped out of college to build a business...no one paid me to. In fact, it involved all sorts of menial jobs while I figured it out.

Free-thinking aggressive entrepreneurs who build things do not have to be PAID to it.

I would argue that being paid to do that completely devalues the exact type of experience that makes great businesses.

That is the second time I have seen that video in a post.

Problem is finding a whole hour to watch it.

I will try to listen to it and work, since you and others have suggested.

Cliff notes, in the meanwhile, ncmedia.....?

CT

Companies hire who they like and education has little to do with it. It's all about whether or not the person interviewing you likes you. Truly, getting a job is way more about interpersonal skills than true experience. This is why, if you're in a big box company, your boss sucks

I heard about this a while ago. While college is pretty good, it's definitely way overrated. It's been drilled into our brains how important it is, but it's pretty easy to succeed even without college if you're skilled. That is, a skilled person will be successful whether they go to school or not.

Sure beats paying 60k TO go to college. Facepalm.

I took the time to watch the whole 1:02:47.

Great video illustrating in easy-to-digest points that the college industrial complex is a scam. I agree 100%

However, ultimately the "documentary" is a sales video, selling membership in the NIA, investment in gold and silver, and online education. This doesn't seem logical to me.

I agree that unless you're getting a very specialized education, college doesn't make any sense at all. But I disagree that buying gold or going to an online college is any solution at all and here's why:

1.) Online college costs as much as regular college - even more in many cases. The loan process and EVERYTHING is still the same, so why would this be suggested as the best option for people when the video is selling the mute-point of college and the way it is financed?

2.) Investing in gold or silver in anticipation of the collapse of the American economy isn't going to save anyone or even make anyone wealthy. The collapse of our economy will result in unbridled pandemonium where the most valuable items are food . . . and weapons.

Anyway, great video up until the last ten minutes when they started making their pitch.

Yep, I've heard all the BS about "if you don't go to college you will end up scraping roadkill off the highway for $3 an hour for the rest of your life!".

Many people go to college for the wrong reasons, either because their family forced them to, because they want to party, or because they are under the delusion that as soon as they earn their "business" degree, they will get a job as a CEO and will earn $1 000 000 000 a year.

Remember, the whole "paper chase" of spending $100 000 on a nice piece of paper to show to your employers is only useful if your goal is to work for someone else for the rest of your life.

Unless you become an actor or professional athlete, it is highly unlikely that you will become wealthy by working for someone else.

To achieve this, there are simply two ways: either create your own product (doesn't have to be super useful or creative... the "Farting App" for the iPhone pulled in several hundreds of thousands if I remember correctly), or re-sell/promote someone else's products (again, could be as simple as buying a crate full of iPhones at $400 from a distributor and reselling them for $500 on eBay - just find something in demand and easy to sell).

Many top business people such as Bill Gates (wealthiest man in the world), Richard Branson, Michael Dell, etc. dropped out of college. Yet, they are billionaires... and surprise, surprise... they never needed a piece of paper to get there.

But, you ask, what about all the information they give you in college? Don't you need to know about business to start a business? Sure you do. ALL of the same data taught in school can be found online for free or cheap if you do your own research. There is no need to pay $100 000 to have an old guy in a suit tell you things you can easily learn all by yourself. And if you like the college environment and want to party, flirt with girls, etc. then simply go to college and sit in on classes without being signed up... if I remember correctly you can do that, it's called "auditing" classes or something.

I know plenty of people who have spent $100 - $200K on a piece of college paper and have not found a job in their field after YEARS of trying. Damn... if only they had saved that money, learned a few things about business on their own and opened up a Subway or McDonalds franchise... they could be earning six figures, instead of being in debt and selling computers at Best Buy for $10 an hour.

It would be nice to go to college and get the rounded eduction in area you are passionate about, but ofcourse life is one big learning curve

i agree 100% with the video

college is definitely for some people, hell... most people. but if i were to be offered $100k, i'd definitely take the $100k. i don't wanna brag, but i'm an innovator. i'd put that money to good use, start and run a business, and do it well.

WOW, I just watched "college conspiracy". WELL DONE, and very true! The idea of college education even really helping doctors is STUPID! It DOESN'T! It helps you get a RESIDENCY which allows you to become a doctor. A good residency without college may yield a great doctor, but a good college without a residency would yield a doctor that I would never trust in surgery.

The idea that you MUST be college educated to perform a job is stupid on its face. I mean you can't teach what you don't know, and there was a time when colleges did NOT exist. Heck, look at trade schools, and even many colleges and universities. Do they advertise that the teachers have had college education? NOPE! But they DO educate that they are working in the industries, and have current knowledge!

And I HAVE taken computer courses and languages (computer and human) in college and they are a JOKE. Computer courses today may NEVER talk about locking, for example. I took a course in COBOL in college. It is a GOOD thing I learned it BEFORE college. You know what language I learned because of that COBOL class in COLLEGE!?!?!?

Oh COME ON, GUESS!!!!!!!!

GIVE UP YET?



I LEARNED PASCAL!!!!!!!

You see, the "computer department" had a problem with the COMPUTER! The moron teacher had us all change ONE line in a COBOL program, and we couldn't even COMPILE! When I went to her to complain about how after MONTHS of time, they STILL didn't have a computer to work on, and had not taught ONE instruction of COBOL, she gave me a book! The title? oh! pascal! I ended up teaching MYSELF another language.

Where I am NOW, they are such idiots, it is INCREDIBLE! I would tell you the punchlines, etc... but I am technically forbidden to do so, and they ARE a customer. Still, it is taking them WEEKS to do what a 5 year old, with a few minutes instructon, could do in MINUTES! A computer could do it in SECONDS! And you know what? MOST, perhaps ALL, are supposed to be COLLEGE EDUCATED! AGAIN, MAN I would love to tell you things! I don't know whether you would laugh, cry, or simply be SHOCKED, but it is AMAZING!

And the idea of grade inflation HAS made things worse. There are NO standards!

MY company cares ONLY about past experience, knowledge, and ability. If you DON'T have that, but have a college degree, FORGET IT! I will say you flunked, and you won't get hired. I almost GIVE people the answers, and still flunk MOST! And SOME supposedly went to good colleges. People going for elective surgery care about past success, and specialties, NOT the degree. HEY, do you care if the person that built your home or your car graduated college? Some of the best car designers, at least in the past, did NOT learn it in college. In fact, some of the better colleges study THEM!

BTW most people passing law school apparently are NOT employed as lawyers in a year. WHY do I say that? From what I understand, most don't pass the bar!!!!! To practice law without passing the bar CAN be done, but is at a level where it can legally be done WITHOUT college! They ALSO don't get the high pay! Basically, they advise on simple contracts, research, and help with basic paperwork. They are forbidden to advocate for another, claim to be a lawyer, etc... AGAIN, until recently, you could be a lawyer by passing the bar WITHOUT going to law school.

Steve

this is similar to an 18 year old baseball player being offered a good contract to forgo college. I would suggest going for the money because college education isnt vital except if you plan on studying in medicine

I would have loved if someone approached me with a deal like that.

I just found this thread and WOW!

I have run my own business since my mid 20's. I started earning my own money when I was about 10 years old.

When I was 40 I sold my business and went to university.

When I finished (I did an MSc. in economics) I had a choice to make. Moving over to consulting or something else. At that point I went back to working for myself.

Here's the thing. I use what I learned at university every day. My first online income came from my networking at university. My business ideas were shaped by what I learned at university and yet I had run my own business for 15 years - I had plenty of experience.
Experience is about the slowest, least efficient, way to learn anything.
Experience is prized over education only by those who do not understand the value of learning.
Experience only over education and experience is only a benefit for the most backward looking businesses - avoid such employers they are soul suckers who will condemn you to a life of poverty of spirit and pocket.

I went to university to put a skeleton of knowledge under my body of experience. I left a much 'fitter' individual and designed my own life, living in a new country.

If you have the chance to go to university do it. You will open your eyes, expand your horizons in ways that you well never do on your own - I promise!

If you are canny you will start your business activities while at university - a good place will encourage it and students are rarely as busy as they will be when they get a 'proper' job.
I started out with an online academic paper proofreading business aimed at non native English speakers. The business was my first website and mixed the marketing with 'real world' marketing dealing with academics and graduates across Europe.
I learned the skills to build and market my website at university, this was 10 or 11 years ago.

You can not easily replace the benefits of university in any other way.

That's all nice and good and I hope that these people use the 100k to make something of themselves and invent something that helps people or a business that is successful and again does something good and useful. However, most people given 100k would blow through it either wasting it or living off of it or to keep funding one of those 90% of businesses that fail in the first year. I'm not against those that want to forego college and make something of themselves in other ways, I just hate when people attack college like it's such a bad thing. To this day, college graduates with at least a 4 year Bachelors still outearn people without a degree and are way more likely to make a million in their lives than those without. Yes, the costs associated with college have risen tremendously since they deregulated it, but people are still more likely to get better jobs with a degree than without. Imagine if every single person tried to open their own business or invent something. Most would fail in the competition with nothing to fall back on. My recommendation is to get a degree and then open a business. That way you have something to fall back on in the chance that you don't succeed with your business or idea.