Colleges you need to avoid...
TLDRIn this video, Shane advises viewers on which types of colleges to avoid. He cautions against enrolling in online for-profit universities, overpriced liberal arts colleges, and private universities, as well as institutions with poor reputations. He highlights issues such as unrecognized degrees, excessive costs, and delayed graduation times. Shane emphasizes the importance of choosing accredited schools and using resources like CollegeScorecard.ed.gov to evaluate a college’s value. He concludes by encouraging viewers to research thoroughly before making educational decisions.
Takeaways
- 📚 Avoid online for-profit universities as they may not provide degrees that are respected by employers.
- 🔍 Check if a school is accredited by the US Department of Education, but accreditation is just the minimum requirement to ensure its legitimacy.
- 💰 Be wary of overpriced liberal arts colleges and private universities, as they may not offer better returns on investment compared to public or state schools.
- ⏳ Watch out for colleges with a bad reputation that may intentionally make it difficult for students to graduate on time, thus increasing their profits.
- 💼 Consider the support provided by colleges for student career development, including the quality of their career centers.
- 📈 Use resources like College Scorecard (collegescorecard.ed.gov) to evaluate the value and performance of colleges based on various metrics.
- 🎓 Look at graduation rates as an indicator of a college's performance; a high rate suggests better outcomes for students.
- 💼 Consider the average annual cost of attendance, which can be a significant factor in the overall value of a college education.
- 🏛 Compare the potential earnings by field of study to understand the return on investment for different degrees.
- 🗂️ Understand the difference between block rate and credit rate pricing for tuition, as this can impact the total cost depending on the number of credits taken.
- 🗣️ Engage in thorough research and talk to alumni to get a better sense of the college experience and its potential value.
Q & A
What is the main purpose of the video?
-The main purpose of the video is to inform viewers about which types of colleges they should avoid and why, focusing on the potential drawbacks of certain institutions.
Why does the speaker avoid naming specific colleges?
-The speaker avoids naming specific colleges to avoid legal issues, such as being sued, and instead encourages viewers to research online for information about 'sketchy' online for-profit schools.
What is the speaker's opinion on online for-profit university mills?
-The speaker believes that online for-profit university mills provide degrees that are not respected by hiring managers or business owners, and that obtaining such a degree could be worse than not having a degree at all.
What should students ensure about a school before enrolling, according to the speaker?
-Students should ensure that the school is accredited by the U.S. Department of Education, although the speaker notes that accreditation alone is not always a guarantee of a school's legitimacy or value.
What are the speaker's concerns about overpriced liberal arts colleges?
-The speaker is concerned that overpriced liberal arts colleges are often more expensive than Ivy League schools and may not provide a good return on investment for the average student.
What is the speaker's advice regarding private universities?
-The speaker advises caution with private universities, noting that they tend to be much more expensive than public or state schools, and the return on investment may not justify the higher cost.
How does the speaker describe colleges with a bad reputation?
-Colleges with a bad reputation, according to the speaker, may make it unnecessarily difficult for students to graduate on time, sometimes extending a four-year degree program to six or seven years, often for financial gain.
What is the difference between a block rate and a credit rate, according to the speaker?
-A block rate charges a fixed amount for a semester regardless of the number of credits taken, while a credit rate charges per credit, which can become more expensive if a student takes extra credits.
What resources does the speaker recommend for evaluating colleges?
-The speaker recommends using the College Scorecard website (collegescorecard.ed.gov) to evaluate colleges based on various metrics, including graduation rates and average annual costs.
What additional steps does the speaker suggest for researching a college?
-The speaker suggests doing thorough online research, consulting college rankings, and speaking with alumni to get a better understanding of the college's value and support systems for students.
Outlines
🎓 Warning Against Online For-Profit Universities
Shane warns viewers about the risks of attending online for-profit universities, which often lead to degrees that are not respected by employers. He emphasizes that these institutions, despite being accredited, may not provide valuable education and can be expensive. He advises viewers to verify accreditation and offers a reliable resource at the end of the video to assess the value of a college.
💸 Avoid Overpriced Liberal Arts and Private Colleges
Shane discusses the drawbacks of attending overpriced liberal arts and private colleges, highlighting their high costs compared to state schools. He argues that the return on investment (ROI) is often low, as graduates from these institutions do not necessarily earn significantly more than those from more affordable state schools. He also mentions the inflated costs due to the private university status, which does not guarantee better outcomes.
⏳ Beware of Colleges with Bad Reputations and Hidden Costs
Shane cautions against colleges with poor reputations, noting that some institutions intentionally delay graduation to profit from extended enrollment. He advises researching a school's graduation rates and cost structures, such as block rates versus credit rates. He emphasizes the importance of finding colleges that genuinely support their students, particularly in career services, and suggests using the College Scorecard website to evaluate schools.
📝 Using College Scorecard for Informed Decision-Making
Shane introduces the College Scorecard, a government-created website that helps evaluate colleges based on various metrics like graduation rates and costs. He uses the University of Washington as an example, praising its high graduation rate and reasonable cost. Shane encourages viewers to use this tool to compare schools and make informed decisions about their education. He concludes by prompting viewers to engage with his content and share their thoughts.
Mindmap
Keywords
💡Online for-profit university mills
💡Accreditation
💡Overpriced liberal arts colleges
💡Return on investment (ROI)
💡Bad reputation
💡Block rate vs. credit rate
💡Career support
💡College Scorecard
💡Graduation rate
💡Overpriced private universities
Highlights
Avoid online for-profit university mills as their degrees are often not respected by employers.
Accreditation by the U.S. Department of Education is the bare minimum to consider, but it doesn’t guarantee the school's quality.
Even accredited schools can be scams, so be cautious and do thorough research.
Overpriced liberal arts colleges are often not worth the investment, as they may not provide a good return on investment.
Overpriced private universities charge significantly more than public schools but may not offer a substantial increase in future earnings.
Colleges with a bad reputation may prolong graduation times unnecessarily to increase their revenue.
Some schools intentionally make it difficult to graduate on time, requiring students to take extra classes and extend their studies.
It's better to choose a school that offers a block rate for tuition rather than a credit rate to avoid excessive costs for taking extra credits.
Colleges that do not provide strong career support or have a poor career center should be avoided.
Researching colleges online, including checking rankings and talking to alumni, is essential before making a decision.
The College Scorecard website by the U.S. government is a valuable resource for evaluating colleges based on various metrics.
University of Washington scores highly on the College Scorecard with an 83% graduation rate and an affordable average annual cost.
Some colleges have alarmingly low graduation rates, such as 20% or 30%, which is a red flag.
College Scorecard allows users to compare earnings by field of study, such as comparing astrology to architecture or engineering degrees.
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Transcripts
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