Revolutions happen faster than anyone can predict!
Recently, the Obama administration was questioning why the CIA had not provided advance warning on what was boiling in Tunisia, Egypt, Jordan, Yemen, Sudan and other Middle Eastern countries.
I have to believe there were warning signs, and that the administration was informed, but nobody have could have predicted what event, what one thing, would drive a collective group of people to step out of their day to day struggle to survive to do like Howard Beal did in the movie, “Network” and scream, “I’m mad as hell and I’m not going to take it anymore!” (click to see this incredible clip & get mad!)
So that got me thinking about the situation parents and college students face today!
Consider some of these facts:
- 80 percent of students move home after they graduate
- Nearly 80%, or 2,774,008 of the 2009-2010 grads, were officially unemployed on graduation day.
- 51% of student loan recipients say it will take them more than 10 years to pay off their student loans.
- According to federal statistics, only 57% of full-time college students graduate within six years.
- 1/3 of college grads hold jobs that do NOT require a college degree
Then ask yourself:
- Do you think parents and graduates are getting real returns on their investments?
- Do you think other businesses could survive if their product didn’t do what they said it would do and it ended up costing customers more than they anticipated!
Who’s got their head in the sand?
In Egypt right now, anyone who has been close to Mubarak and his family are running for cover as worldwide news organizations are starting to publish and make available through Social Media channels how a 30 year dictator and those close to him have been stuffing their bank accounts and maintaining a lifestyle that supports homes around the world. Egyptians are gaining access to statistics and information long suppressed that are making them, “Mad as hell!”
On the other hand, the above statistics have been readily available to college administrators, students and parents. Students and parents seem to be resigned to the fact that they can’t do anything about the issues they face.
College administrators seem to be focused on revenue and as long as they do not have to be accountable for these miserable stats, they seem comfortable ignoring them. What if college students and their parents knew that the private colleges they were attending were spending $3,000 to recruit new students and only $85 to prepare them for their careers? (According to NACE the average Career Center budget is just under $34,000. Also, State colleges spend approximately $1,000 to recruit a student.)
Shouldn’t college students and their parents expect their colleges to do something to improve this situation?
In the 235 years since our nation was founded, we’ve been able to solve countless issues and seemingly impossible situations. Something can be done. In Japan nearly 70% of their graduating college students are getting jobs by the time they receive their diplomas on graduation day.
Who is your elected officials listening to – Wall Street or YOU?
During the time our federal government used socialist tactics to bail out Wall Street, banks and corporations around the country, our Congress, Senate and state legislatures have:
- Made sure that every college student that takes a student loan will NEVER be able to walk away from their debt.
- Passed legislation that has made it even more difficult for aspiring college students to get their own credit cards and credit.
- Passed legislation to continue to push the cost of education on to parents and students, even when evidence of the return on investment is dropping. (College tuition and fees increased 439 percent from 1982 to 2007 while median family income rose 147 percent.)
In the past 3 years, nearly 10 million graduates and parents have felt the effects of this legislation, but, still no uprising!
So the question remains. When will students and parents reach their boiling point and say, “I’m mad as hell and I’m not going to take it anymore?”
Will it be when:
- More students sue their alma mater like Trina Thomson did when she sued Monroe College for $72,000 (the full cost of her tuition)?
- A significant number of students default on their loans?
- Online education becomes a viable alternative and campus greens suddenly look like ghost towns?
- Congress requires both for-profit and non-profit colleges to GUARANTEE their graduates “gainful employment”?
Your guess is as good as mine.
But something is boiling, and if colleges want to be ahead of the game, they better be doing something to FIX these stats or their customers will consider their actions, too little, too late.
Just like citizens in Egypt did!
Help make a different and bring about positive change. Click here to sign a petition that suggests college administrators address this situation!