Authored by Charles Hugh-Smith via OfTwoMinds blog,
Student loan lenders are skimming tens of billions in profits guaranteed by the taxpayers.
"Legal" rackets have two essential components: a public-relations "cover" that obscures the racket and the mechanism that extracts the wealth from the "marks." The Higher Education Racket qualifies on both counts:
Authord by Jeremy Beaman via TheCollegeFix.com,
Therapy dogs, chocolate, Play-Doh, video games: Today’s college students are offered a variety of ways to cope with the stress of final exams.
Back in January, Harvard's Endowment stunned the investing world when it announced that the investing vehicle which manages $36 billion in assets, would undergo a "radical overhaul" in the way the world’s wealthiest school invests its money by outsourcing management of most of its assets and lay off roughly half the staff in the process. As the WSJ reported at the time, about half of the 230 employees at Harvard Management Company would depart as part of a sweeping change by the university’s new endowment chief, N.P. “Narv” Narvekar.
If you want to make big bucks straight out of college, it's probably wise to avoid choosing any of the following majors...
You will find more statistics at Statista
According to Glassdoor, Criminal Justice and Kinesiology have the lowest starting salary of any U.S. college majors at $40,000. Exercise Science might keep you physically and mentally sharp but it's also at the bottom of the pay grade with the median base salary coming to $40,640.
College enrollment has been surging over the past 4 years with 67.4% of high school men enrolling directly in college after high school in 2016 versus only 61.3% in 2012.
Ask any economics professor at an Ivy League school what is driving the trend of higher college enrollments and you'll get a quick response that implies that our young 18-year-old snowflakes are simply hedging their future employment opportunities against the devastating consequences of globalization and a deteriorating manufacturing base in the United States.