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Author Naomi Riley on the rise in college graduate bankruptcies and why the education may not be worth the cost.
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Out of work and burdened by debt more more college graduates are heading towards bankruptcy instead of the board room.
There are a number of Americans with a college degree were actually forced to file for bankruptcy rising 20%.
Since 2006 and our next guest says just more proof.
College these days isn't worth the cash Naomi Riley is the author of the faculty -- -- and other reasons.
Why you won't get the college education.
You pay for what this comes as no news -- you might help you sell the book a little more by the way but this is exactly what you were saying if college degrees are worth.
The money anymore.
Well I mean everyone knows how fast tuition has been rising may be fewer people know that our college debt is going to -- one trillion dollars this year as a nation.
Which is really kind of an amazing statistic to me I think.
You know people think what they're getting out of college.
You know is more and more just kind of a credential and its true this is kind of the stamp that you need to get into the middle class now.
But what's funny is that you get paid more as a college educated bartender than you do is a non college educated bartender.
So it's not what you're learning in the classroom obviously I mean may -- your learning a little bar -- at school pill.
Hopefully the but you know it's it's more and more if it's just sort of this symbolic of -- much the teachers are you know.
Off you know in their own world doing their own research not paying attention to what's going on in the classroom so so what.
I just thought here in you think if in fact the education was better if you were getting more of what you were paying for not paying close to 60000 dollars for my daughter one year.
If if that education was better they wouldn't be going into bankruptcy is as much as they are they'd have more practical knowledge that they could use to get a job.
I think employers are looking for some real skills one of the things employers tell me over and over again is that they're looking for people who know how to read it won't know how to write and you know how to do that.
College professors are more and more engaged in the most obscure kinds of priests -- like what for example.
I mean look there's you know you could take well -- major right now in nutrition studies is this is this a course of study that you think we'll get -- wide variety of jobs out there I mean that's something that's considered vocational.
And yet what happens is more and more faculty just decide this is going to be my own little area of study.
Mean we obviously have long time had you know.
Literary deconstruction is who said -- -- it doesn't matter what the words on a page are but you know but now we have increasing pressure also.
From faculty who say -- -- really want to spend my time teaching I'd rather just give some multiple choice exams and then focus on my own thing.
Now the more people read the statistics and read books like yours -- see you want television the more they're gonna say gee maybe I shouldn't.
Be spending all this money and education if I if I'm a student paying for my own education maybe I shouldn't go in -- Up to my eyeballs.
Because I'll go bankrupt when I'm in my twenties.
Is this gonna make it make a change in the way we think about education may be -- lot of people.
Out of college but we have to be there consumers about this I mean there are other rankings to start with besides US news and world report differences is -- ranking by Forbes that actually looks at the bay you get for your -- it looks at how much students are in debt at the end of their college and career in went -- they get jobs are not.
That's much more useful to -- -- some of the rankings out there that are just done strictly based on -- some schools better do it better than -- school all a lot of schools to better than other schools and you have to look at you know and they're funny -- schools that chart a lot less and are doing it well yeah end their.
I think there are a lot of liberal arts colleges that are that are lower in -- that are doing it well.
How would I find out if I if I'm out there looking right now is that you mentioned for -- what do I look forward to resume -- school that might lead.
To a better job -- to get out of school a they will do -- -- favor if you're gonna go visit colleges with your high school student these days don't go in the middle the summer.
There are no classes and Stephan -- just looking at the scenery it is a complete waste of time.
Go sit in a big class ghost about 600 person classy you can actually learn something in that class.
Because if you're out to lunch in the first twenty minutes -- just visiting a class.
What's the likelihood that when you enter that intro class next period actually going to be getting anything out of it.
Talk to students find out if they can actually take the classes they need to graduate on time.
A lot of professors like having -- from 1130 to one on Tuesdays and Thursdays if everybody does that you can't -- -- on -- Find out whether they're being taught by for the by professors real professors not graduate students have -- out in the gulf.
-- faculty lounges and other reasons why you won't get the college education you pay for.
The faculty -- -- Naomi Riley.
He got to read that book if you want more details like it and we thank --
