Tuesday, May 22, 2012

Is college worth it?

College is getting more and more expensive, it costs about a quarter of a million dollars to through a good college. Most Americans cannot pay this off, so they have to take out student loans. Most graduates look for jobs after they leave college. But with the messy job market most jobs are hard to find. A recent poll found that only 50% of college graduates find full time jobs. $250,000 is very hard to pay off if you don't have a job, even worse if the job is hard to find, for example European Shakespearean literature analyzer. Peter Thiel is making a program that pulls students out of college, and pays them $100,000 to start a business with a new product. Even after given a huge head start, only half of the students are successful. However what Peter Thiel is trying to say is that for-profit colleges, are bad. Most colleges aren't that bad.  

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