College Conspiracy debunks many myths, including the belief that Americans with college degrees earn $1 million more in lifetime income compared to high school graduates without a college degree.
The most important basic fact that most Americans don’t understand about 4-year colleges is that most Americans spend 6 years attending them before graduating. With U.S. tuition inflation for private colleges averaging 5.15% over the past half a decade, assuming this same rate of tuition inflation continues, a college with tuition of $30,000 today will have tuition of $38,563 in the sixth year a student attends it.
In College Conspiracy, NIA analyzes the total cost to attend college by factoring in not just rapidly rising tuition expenses, but also the interest payments on student loans, and the lost income that college students would have earned if they worked at an average entry-level job that doesn’t require a college degree.
NIA’s investigation has determined that the organizations that helped create and promote the $1 million in additional income myth, included General Equivalency Diploma (GED) recipients as being high school graduates.
The truth is, GED recipients are not real high school graduates and they are being used to unfairly skew down the average income of high school graduates without a college degree.
This has the effect of artificially inflating the amount of additional lifetime income that college graduates earn over high school graduates. College Conspiracy shows the real numbers that never get discussed in the mainstream media.
The college-industrial complex has created not only