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Phillip Tilley

Can't afford college ? That smarts

November 24, 2009 | Comment icon 19 comments
Image Credit: sxc.hu
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.[!gad]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. Comments (19)


Recent comments on this story
Comment icon #10 Posted by Lithane 16 years ago
I didn't imply you were complaining..sorry if it came across like that. Oh, I know. I just wanted to throw that out there so that it was clear; I thought it sounded like I was expecting other countries to take care of our students. My apologies.
Comment icon #11 Posted by cluey 16 years ago
http://www.unexplained-mysteries.com/images/newsitems/graduation.jpg 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 ... [More]
Comment icon #12 Posted by marlindo 16 years ago
It's unfortunate that Americans increasingly can't afford college, but, may I say this as a spokesperson for aspiring foreign students, universities in the US are still the best and most sought after. The economics needs to be fixed. Don't ditch the universities.
Comment icon #13 Posted by kurethmu 16 years ago
can they not get loans
Comment icon #14 Posted by Oen Anderson 16 years ago
can they not get loans Some people can't get a loan unless they have a co-signer. My own son had me co-sign his loans and it was enough to get him through a year and a half of his field of study. Now the banks won't loan any more funds, he can't continue going to college and I am stuck paying on his loans which all came due six months after he was no longer a student. With unemployment as high as it is it's double hard for someone without a degree or experience to get a good job. So he's working nights as a janitor to help pay off his loans. I don't think it's exactly the future he had in mind... [More]
Comment icon #15 Posted by Triade 16 years ago
US university links exam success to weight loss How would you feel if you had studied for your university degree but were unable to graduate because you were overweight? http://news.bbc.co.uk/2/hi/americas/8376858.stm Only in America i suppose...sigh. US eeps making such an ass of itself. First it fattens itself up then it attempts to make it better by not giving ppl their degree they've worked for. It's great that they finally realise something has to be done..but like this .. sheesh...No wonder the rest of the world thinks the US is retarded.
Comment icon #16 Posted by SRCivic98 15 years ago
Some people can't get a loan unless they have a co-signer. My own son had me co-sign his loans and it was enough to get him through a year and a half of his field of study. Now the banks won't loan any more funds, he can't continue going to college and I am stuck paying on his loans which all came due six months after he was no longer a student. With unemployment as high as it is it's double hard for someone without a degree or experience to get a good job. So he's working nights as a janitor to help pay off his loans. I don't think it's exactly the future he had in mind two years ago! I under... [More]
Comment icon #17 Posted by Oen Anderson 15 years ago
I understand that feeling perfectly. I have to pay for BLET training to go into law and have to get accepted with a police force but that all cost money and the police forces have to think about payment as well. Many students and companies are making cut backs on budgets and people they have because it is getting way too expensive. Now with the idea of forcing people to have a government health care plan also known as health insurance, how are people going to pay for that as well. Think, you'll have people driving around without car insurance but have health insurance or visa versa, have car i... [More]
Comment icon #18 Posted by regeneratia 15 years ago
Glenn Reynolds: Higher education's bubble is about to burst By: Glenn Harlan Reynolds Contributor June 6, 2010 Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/columns/Sunday_Reflections/Higher-education_s-bubble-is-about-to-burst-95639354.html#ixzz0rRyPlGbR
Comment icon #19 Posted by Archangel Michael 15 years ago
Free college used to be common in the US for low-income graduate students with high GPAs, such as California until the late 1990s. I would qualify for that but I didn't plan on remaining in the state, except acceptance does require relocation from where I live and the cost of air travel, plus other expenses to rent a dorm and purchase necessary essentials like textbook and supplies. The recommendation of a major (I was "undeclared") and to must take 1-2 or more years of prerequisite classes to qualify for the desired course (mine was cartography or meteorology, but could change it to demograph... [More]


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