The College Degree Just Another Pyramid Scheme Essay

College is an institution of higher learning, providing general or liberal arts education rather than technical or professional training; and for years, has been determined to be the best investment. Popular opinion denotes attending college to be paramount to social and economic accomplishments, and lacking a college degree decreases employment, self-pride, and success. However, nothing in America’s history has risen and continues to rise as the cost of college tuition, which is now up more than five hundred (500) percent since 1985 (Rampell). Research shows the rising cost of tuition creates more debt for students, a college degree does not guarantee social or economic success, and causes additional stress, which can lead to suicide. In†¦show more content†¦Your net price is a college’s total cost minus grants and scholarships you receive. Its a discount of your college costs that you do not have to pay back. For example, the average published price of tuiti on and fees at a four-year public college is $8,660, but the average net price — what the average family really pays — is just $2,910. Although grants, scholarships and financial aid are available not every student receives them. Therefore those who do not are left no other choice but to take out loans to compensate their college cost. There are many types of student loans federal, private, institutional and state loans. While federal student loans have standard interest rates set by the federal government, private, institutional and state loan terms can vary greatly. Students using a Sallie Mae private student loan should expect their loan to triple as their interest rates range from 3.25%-12.88%. A recent U.S. News article tells the effect of loans on students: Average student loan debt grew by more than 10 percent between 2011 and 2012, according to new data†¦byShow MoreRelated Internet Crime Essay1429 Words   |  6 Pagesthe U.S. Air Force. Ironically enough the site’s sponsor was the U.S. Department of Defense.[2] Fortunately, the hacker only fouled things up enough to leave the message that the site was not secure. Many times, hackers are not so generous. Another frightening fact is that in the past couple of years, sites like the Justice Department, NASA, and the CIA have been hacked. Email has become a popular vehicle for malicious hacking, much of it in the form of mail bombs. A mail bomb is, simplyRead MoreMulti Level Marketing2958 Words   |  12 Pagesdoor. Distributors recruit other distributors who do the same. Each distributor makes money on the products that their recruits sell in addition to the money they make from their own sales. 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