Next Bubble to Burst? Higher Education

Students log just 27 hours of class, study time a week

(NEWSER) - In 1961, college students spent 16 hours in class each week and another 24 hours studying, making college the equivalent of a full-time job. Today, just 27 hours are spent in class and studying—or the same amount of time, the Washington Post points out, as the typical five-year-old spends in all-day kindergarten. The average amount of weekly study time has dwindled to about 15 hours, according to a new survey, but students are still skating by. "I do get good grades, and I’m not working very hard," says one sophomore. That type of statement is leading many to wonder if college students are actually learning anything for their increasingly costly tuition, or if they are simply getting, as one researcher puts it, "four or five years of country club living." More»

Education linked to better health, longevity

(NEWSER) - Sure, college costs a lot of money and you won’t necessarily get a job after you graduate, but good news! At least you'll live longer in your loan-induced poverty, because higher education is linked to longer life. An annual report from the CDC shows that those who obtain a bachelor’s degree or above live about nine more years than those who never graduate high school. Education is also linked to other healthy habits, USA Today reports: More»

Calls Obama academic 'snob'

(NEWSER) - Rick Santorum has a bone to pick with college. This weekend, he called President Obama "a snob" for wanting "everybody in America to go to college"—perhaps a bit strange coming from a man with more degrees than the president, the Washington Post notes. Added Santorum: “There are good decent men and women who go out and work hard every day that aren’t taught by some liberal college professor trying to indoctrinate them." On ABC yesterday, Santorum noted that "a lot" of Americans "have no desire or no aspiration to go to college." More»

If you didn't graduate from Harvard, good luck getting a top job

(NEWSER) - If you’re determined to get a great job, you might want to quit your course of study at Cornell or Dartmouth and transfer to one of the "top 5" schools: Harvard, Yale, Princeton, Stanford, and Wharton. A new study shows that recruiters for the best law firms, investment banks, and consultancy firms are only looking at graduates of those schools, Business Insider reports. And even if you’re one of those elite grads, recruiters want to make sure you’re not—in their words—"boring," a "tool," or a "bookworm." More»

It's a four year—or more—waste of time, author says

(NEWSER) - College is a must if you want to have a real career, right? Nope, it’s “a scam, a self-perpetuating Ponzi scheme that needs to stop right now,” writes James Altucher for DailyFinance.com . Here are his seven reasons you shouldn’t send your kids:

• It’ll cost more than you think: Thanks to the fact that more than 60% of college students will take more than 4 years to wear that cap and gown.
• It doesn’t matter, money-wise: Yes, the difference in income between a college grad and a non-grad is approximately $800,000 over a 45-year career. But if you invest the $200,000 likely college cost in bonds yielding 3%, over those 45 years plus the 4 spent in college, you’ll end up with $851,000.