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Saturday, August 23, 2014

David Letterman says "Send your kid to college."


"If you can, send your kid to college. So they get a degree, and at least then, they will know what kind of work they're out of." David Letterman on his monologue August 22, 2014

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Thursday, August 21, 2014

College debt can interfere with being an entrepeneur!


Any prospective or active entrepreneur should be reading Kevin Johnson's book: The Entrepreneurial Mind 


Here is a reminder from Kevin Johnson about the dangers of debt.  If you have any desire to start your own business, don't get stuck with $200,000 of college student debt.  Here is how Kevin puts it:

""Research indicates that the great majority of entrepreneurs will never receive money from a venture capitalist or an angel investor. Instead, they will fund their businesses with their own money and via credit cards. According to a report by the National Federation of Independent Business, in 2009, 83 percent of businesses with fifty employees or fewer used credit cards. This point is important, because how you manage your personal finances determines how much money you can borrow for your business and at what interest rate."

Peter Thiel the cofounder of PayPal, angel investor and venture capitalist adds this: "Learning is good. Credentialing and debt is very bad. College gives people learning and also takes away future opportunities by loading the next generation down with debt." 

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Self-education


"Formal education will make you a living; self-education will make you a fortune." - Jim Rohn, entrepreneur, author, motivational speaker

Saturday, August 9, 2014

What you study matters in the job market.


Here is some data concerning Bachelor's Degrees conferred in the U.S. in 2012.* The interesting part of the data is that it is divided by sex. 

The majority of degrees awarded were in business, about 360,000 of which 52% were to men and 48% to women. In the social sciences there were about 175,000 degrees awarded, 51% to men and 49% to women. Now the next highest number of degrees awarded, about 160,000, was in health of which 15% were men and 85% were women followed by Psychology and Education, both with a bit over 100,000 degrees awarded. The former had 23% men and 77% women while the later had 21% men and 79% women.

Of interest is that of the 100,000 degrees awarded in Engineering, 82% were to men and 18% were to women, and of the about 90,000 degrees awarded in Visual/Performing Arts 39% were to men and 61% were to women.

Last were those degrees awarded in English. Just a few over the 50,000 mark and of those 32% were to men and 68% were to women.

Once again is the time to ask: “Do the career choices that women make have anything to do with the difference in income between men and women?”

Jerry White

* From the Digest of Educational Statistics, Table 318.3.


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Saturday, August 2, 2014

Study Finds that College is Still More Fun that Spending Four Years Chained to a Radiator!


Great fun at the Onion and this startling discovery!



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Sunday, June 29, 2014

Did these college basketball stars only attend classes in their first semester?


"In the latest example of his longstanding distaste for Kentucky basketball, Hall of Fame coach Bob Knight said last weekend that UK's five starters in the 2010 NCAA Tournament did not attend class that spring semester."

This whole notion of the "student athlete" is claptrap.  It does nothing for the ultimate goal of providing a better education at a lower cost. Why not separate education from the business of minor-league sports?  

These future NBA players are not interested in their non-basketball education at the University of Kentucky.  It is a required rite of passage since the NCAA conspired with the NBA to force these basketball players to "invest" at least a year in college basketball before being eligible for the NBA draft.  Actually they don’t have to play college basketball; they can sit out a year or play beach volleyball but obviously that won’t help them land a lucrative contract when they are eligible. 



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