Same Story, Different Stats

Most of the stories I write cover largely the same information.

Same story, different stats.

  • The higher educational system is failing students because it’s too expensive.
  • It’s not just the tuition that has skyrocketed; room and board has as well. It’s increased over 25% once adjusting for inflation.
  • Even those that can afford college aren’t sure the cost was worth it as student loan debt delays major life milestones such as moving out, buying a house, buying a car, getting married, and having kids.
Gallup-Purdue Index 2015 Report
  • While all youth are at more of a disadvantage today than they would have been a couple of decades ago, students from less privileged backgrounds are even more disadvantaged in life as the majority of bright low-income students never finish college.
  • Millennials are the most educated generation in history, yet, only one-third of us have graduated college. Why? The cost.
  • The problem is there aren’t many alternative options for those that don’t have a college degree. A growing number of people are getting stuck in minimum wage jobs; they’re no longer stepping stones. They are the end of the line.
  • With the exception of registered nurses, all of the largest occupations are low paying jobs.
http://www.businessinsider.com/most-popular-jobs-in-america-2014-4
  • With the exception of registered nurses, all pay below the US average:
http://www.businessinsider.com/most-popular-jobs-in-america-2014-4
  • This has a ripple effect on the overall economy. The lower the wages, the less disposable income, the less money flowing into the local economy.

This is a big problem and it’s only getting bigger.

We need to make major changes to our higher educational system.

A big part of that is creating alternative pathways for youth. That is exactly what we’re trying to do with DevTech Academy. College can’t be the only option, it’s simply not sustainable.