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Can't afford college ? That smarts

Posted on Tuesday, 24 November, 2009 | 15 comments
Columnist: Phillip Tilley

More and more college students are dropping out and moving home or getting menial jobs. Maybe you are one of them. Not because you cannot make the grade, but because you have run out of money. Some colleges report enrolments down 6-20%. Add to that the fact that college tuition has risen by 6.6% and the problem compounds.

Why should it matter if students are dropping out of college? According to the U.S. Census Bureau it matters. Their figures show direct correlation between the level of your education and how much you will earn over your lifetime. If you have a High School diploma you earn on average $27,915 per year and over your lifetime will earn 1.2 million Federal Reserve Notes.

If you get an Associates Degree you earn on average $37,000 per year and 1.4 million Federal Reserve Notes over your lifetime. A Bachelors Degree nets you $51,206 per year and 1.6 million over your lifetime. A Masters Degree earns on average $74,602 per year and 2.6 million over your lifetime.

According to the IRS, personal income fell this year by .5% on average and it fell by 3.5% in real spendable income. That means on average Americans earned less this year than the year before and after taxes had less to actually spend. It is no wonder consumers cannot spend their way out of this depression!

Also the standard of living in America fell. According to the IMF, the International Monetary Fund, the U.S. dropped from #4 to #9 in the world as far as standard of living is concerned. If you cannot complete college because you ran out of money, you earn less money and the standard of living in America will continue to fall.

You cannot expect the economy to improve if your smartest citizens are working as janitors and fast food cooks because they are too poor to continue their education. Maybe someone should write the book “Drop Outs for Dummies”. The brain drain is comparable to the Great Depression where the nations hope for a brighter future ended up swinging picks and shovels in government works programs.

Last year the U.S. patent office reported for the first time ever the majority of applications for patients, 51%, were filed by foreign companies and individuals, compared to 49% for Americans. A high college dropout rate costs the nation in lost innovation and creativity. Those are my findings anyway and if they are correct I have found what was lost.

It almost looks like a conspiracy to turn Americans into wage slaves. Oh, wait a minute, they already are. Not only have the powers that be calculated how much you will earn, they have also calculated how over your lifetime they will separate you from it. For the college dropouts this is in the form of student loans they must now repay or default on.

It is true to one degree or another that a fool and his money soon part. Wake up people, the money matrix has you.

Phillip Tilley is author of The Money Matrix of the New World Order and other articles.

Article Copyright© Phillip Tilley - reproduced with permission.

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