There are better ways for students to spend their money. Starting at 17 an hour making more than most of my friends have a gimmick that is our show. Tonight. John it is graduation time. Almost 2 Million Students will graduate this year and then i dont know because maybe they will discover their degree of social work will get them job offers. It is about learning that is important even if not a specific job but Hillary Clinton promises. Graduation from four year colleges earn twice as much as highschool graduates an estimated 1 million more over a lifetime stomachs that sounds great but it is deceitful because there is no evidence college creates a difference. Kids that go to college are different in the first place were likely to have been raised by two parents, work harder in highschool they would make more anyway. They are encouraging everyone to go to college. There is no greater investment. With a free ride to College Starbucks is doubling the College Tuition offer for its employee. Obama once taxpayers to pay more soap Community College is tuition free. Bernie sanders wants to make for your college free. That just means the taxpayers pay for it. And they should happily wrote the author my Public Education should be free. Author of the education apocalypses it is not a good idea. Why not . Why apocalypse . As the cost go higher and higher and peoples earnings when they graduate to keep up with the increase of cost one reason is government subsidies. People will tend to raise the price. But yet you want more that it should be free for everyone . Actually my proposal is to force universities and colleges to spend money on education to make sure that the current money of Financial Aid. But they will always have government be more effective we cannot just say all government is bad or it will not work we have to make a better to have partnerships between u. S. Schools and states because what happens now theyre cutting funding for education and universities are raising tuition and taking a lois to pay for it. They were when they got more money from the government. You want to micromanage the schools . That will make them better . Seeing the amenities will you cut that out . To have construction will specific Current System is so bad but it almost sounds good. And we have a system of education now that means somebody else pays one. But cater to all the education we have that now the government pays in the students dont a lot of the federal and state mandates it is failing also. We have Higher Education now it is a free market system where they give vouchers to take them to make wise decisions and they go to forprofit colleges with low Graduation Rates high rates. John doesnt the free market work better . There is good free market and could carry in bad of both. One and theyre not attaching any strings. Is and so much a free market but what is called crapitalism. Students are as careful as they should be because it is not free. Web the havent felt that they add as much at stake as they should have won. Look at this graph. Medical care that people screamed about is up to run under 96 but College Tuition in is a 553 . What do want to spend more of . And they charge whatever they want so if you just want the free market by itself. Darr getting tons of government money in their hiring more people not teachers. Cornell and administrators of sustainability indeed manager, a Climate Action plan manager. The more they talk about sustainable less sustainable their model is. But over the last 47 years the teaching faculty has been flat. That is the major cause of increased costs then they say we need administrators from federal regulations. The student life and administrators that embarrasses the whole education. The president s make a fortune they paid in additional retirement package agreed Million Dollars at harvard. We see that isnt working. Only those under low income students are not working. And those people graduating are not working. To control the cost to use that voucher system to make that requirement and that instruction is a priority. Because of the country club that is one of the lowest priorities. For those not to compete with each other like country clubs to put the money to focus the attention on education. This is a sign of a failed industry. 20 years ago nobody would have argued to force them to do their job. Now we force them to teach people famous. But the diagnosis is terrific. And it has been the major source of the problem. Now it is a huge and the want to make it bigger. To be any more effective way to maybe reduce the amount we are spending in a more targeted way. John we have heard that before targeted. The soviet union will run well next year with a fiveyear plan. Not learning from obvious history. But it is a party scheme with social security. Was a likely president ial candidate dropping now to take the job at the red Cross Guardian suggested he is not educated enough to be president. The issue is how well educated is he . Are you serious . We Value College for those who pursue the career of you dont have to have that to be successful. I agree many are not in getting jobs. We dont have enough good jobs. While we try to fix a Higher Education system we have to do whatever we can. To approve a the situation. For those that are often buying homes or cars cannot do that. But how can we do multiple things just partnerships to have the apprenticeships model Community Colleges to do internships. It worked very well in germany and at the university restarted internships with my Program People were getting jobs and training and starting their own companies. John you got a psychology degree that the army paid for in france but yet you to use that psychology degree youre a writer and teacher for our look at the list of the most prestigious universities harvard gets 100. The first German University is down the list number 67 it the worst problem we have is u. S. News and world report does not rank them on the quality of the education or teaching. It is the reputation. Is the same situation itll look at the Students Learning or what they are learning. Clearly . Yes. Often it is worse in past to do just with the reputation factor. If anybody are watching us now changed the ranking methodology those with the fewest administrators per student than immediately they will get lean because they care more about the rankings and anything else. John thank you. To join the argument like my Facebook Page and post on my wall or follow me on twitter. Class of 2015. This is the month when famous people give commencement speeches. Some are selfserving. The first time i was on a magazine cover. Others are filled with surprising insights. Life is not fair and never was. Note the good and john this is the time of year when students never i mean get to listen to commencement speeches from famous people. Sometimes they are inspiring your time is limited so dont waste it running someone elses life. John i was given by steve jobs viewed more than 30 million times. To make she wondered about this year. Credits her told thank your parents. Dont forget your parents who got you to this day have sacrificed so many things, primarily money. [laughter] john what do they get . Robert janeiro gave a speech to a highpriced school of the arts and said you are following your passions reaching for destiny spirit dancer singer choreographer position director producer filmmaker actor an artist. [laughter] he was making a good point about the employment prospects. Talk about the plot the the platitudes with the worst commencement speech goes to my president who spoke at the Coast Guard Academy a military academy. What should they worry about . Not terrorism smuggling in bombs. Perhaps more than any other that would shake your career is the urgent need to combat and adapt to Climate Change. John Climate Change . That is ridiculous even if he does believe it is a problem you cannot think it will shape their lives more than any other challenge as he said. What about the fact america is going broke . What about isis . Global warming is low at least former president bush gave the students something to laugh about. Those of you who are graduating this afternoon with i artery honors and awards well done. As a told the students you also can be president. [laughter] many president s got those college like kennedy and johnson and the first president bush. Si the c students have Better Communications skills. One study says a students work for the c students. I saw as beecher someone who portrayed herself as a victim she was unhappy because she was criticized. Conversations sometimes route into fears and misperceptions of brothers. Was i too loud or too angry or to emasculated . [applause] or was i too soft . Too much of a mom . Not enough of a career woman . Then the first time i was on a magazine cover. It was a cartoon drawing of me with dacia and afro and a machine gun. It was satire but if i really being honest that set me back a bit. John so what . You are the first lady of the most powerful nation in earth and you have a good life. Wire you a victim . That is why i was happy to hear a speech mocking people of those that complain life is not fair. Life is not there never was and is sent and never will be. Mackie mcconnell a university of texas and told the students stop acting like victims. Do not fall into the trap the entitlement trap to feel like you are a victim. You are not. John and get him to talk to michelle obama. Many are selfserving. It makes the world a better place. Arnie duncan aspires to make a difference. Please. I will give the commencement speech that students should hear later. This is a college your taxes and tuition money are busy at wpromise was made. A promise that hit the beaches of normandy. A covenant that split the skies over berlin. A vow that captured iwo jima. A promise was made. A solemn oath that liberated seoul. A sacred trust that defended khe sanh. A pact that dug in in da nang. A contract that weathered tet. A promise was made. A pledge that stormed the desert in iraq. A bond that patrolled doortodoor in fallujah. An iou that braved ieds in kandahar. A promise was made. To americas veterans. A promise we all must keep. Dav fights for all veterans and their families so they get the health care, financial benefits and support they earned. If youue a veteran who needs help, or youd like to help us keep the promise visit dav. Org. John when i graduated from princeton tuition was less than 4,000 year. Okay. There has been inflation since then, but now a year and princeton cost more than 50,000. I dont have any idea what they do with the money. They stop calling me to ask for donations. There are millions a better causes than giving rich colleges more money. As one of as one of my guests mentioned one reason tuition prices went up so much is because of handouts from government. When government increases Financial Aid colleges spend more money. Even our freespending president said he understood the problem. Students and taxpayers cant just keep on subsidizing skyrocketing tuition. Were going to run out of money. John right. Yet that same year the president also said this. My administration is increasing federal student aid some more students can afford college. [applause] john what . Doesnt he see the disconnect . I think he does, but he still panders for votes by giving your money away. Its not his money. And then his handouts increase tuition costs so lots of students leave college deep in debt. Another reason another reason to wonder, today is College Worth it . That is the title of the book. I would think it is worth it for some people who really want to learn. Exactly. For some people it can be worth it. Thats what we say in the book. John and lots of people dont have that. Most i would say. Many. I would say many. The Graduation Rates are pretty low to lie about 50 graduate within six years. If you consider we have a lot of taxpayers supporting people who never finishs i think americans have a right to be disappointed. John the president wants to make committee college free two years. Something like 20 20 percent of the graduates graduate within three years. A lot of them try to feel bad about themselves. The hallmark of a lot of liberal programs. The intentions are right but if you look at the numbers it just doesnt add up. John another reason they have added luxuries. The university of missouri at that School Officials might be embarrasseds. No. They were proud. The 1st thing you are struck by all of the trappings of a jungle retreats. You find yourself in a jungle gym complete with the torches to welcome yous. Not to be outdone. A spinning studio. Pretty much every parent is like i want to be back in school. Its completely awesome. Students come to us and say this is what seals the deal. Recreation. John we are paying for that schools are in an arms race. They want to they want to show off so that the students back there parents to come to the school often bankrupting the parents and themselves in the process. John and the taxpayer. It seems to work. High Point University spend big bucks for an oncampus steakhouse for a train that a train that takes you around campus, putting green, outdoor hot tubs. They have been successful in attracting students who can pay the full ticket price. Enrollment of 50 percent. If you look at what kids are learning the kind of jobs there getting after they graduate is high point that distinguished . I dont think so. John just looking at it its almost remarkable, texas tech spent more than 8 million on a water park. The lazy river waterslide. Youre looking at it here. Colleges. Colleges in a lot of ways have become one lazy river overall december the kind of a lot of Academic Work. In 1961 students spent a combined 40 hours a week in school and out of schools. Were down schools. Were down the 27 hours a week. It is being replaced by leisure pursuits. John a lot of the Academic Work seems to be really minute. Nobody reads. Thats right. 21,000 scholarly articles have been published the last 30 years or so. It is highly specialized highly idiosyncratic things like courses on ufos. Its so on and so forth. Skidmore, the sociology of miley cyrus. Politicizing beyonce. Beyonce jayz fascinating character studies. Personally wish you back to homer shakespeare dickens. John i would argue are not so sure that anyone knows that is what every student must learn. Another reason i wonder about the value of college as the students are allowed to specialized in obscure useless things. This movie is a comedy. But an increasingly accurate one. Its. Trying to prove the theory. Twentyfour hours a day you can find a movie playing on tv. Thats the beauty of god. You can major you can major in game boy if you know a bull ship. You really. A lot of students not learning much. Look at look at American Business more they say about the quality of the graduates its just its just not there. John thank you very much. Coming up alternatives to college. u. unnnnnnonn s. John Many Employers now tell job applicants, you have applicants, you have to have a College Degree. Our political leaders say everyone should go to college. It is an economic imperative that every family in america to be able to afford. John but they cant afford it. College is not an economic imperative for everyone. I often tell young people not to go to college. It is a ripoff. Sandra smith interviewed young people who went to vocational schools. Just graduated from high school. Already waiting for him in the fall a job. Starting at 17 an hour. Experience prevails over book smarts. Smarts. Im only 16 and am already getting paid more than most of my friends. John earning more. s for some people with a brave new idea College Majors get in the way. Mark zucker berg, bill gates, steve jobs, they all dropped out of college. So did founder of whole foods. Ralph Laurent Richard branson of virgin air and other companies. Of course most of us dont have totally original ideas but that doesnt mean we need a College Degree. You dont need one to do computer programming. That is a job that pays well if you get good at it. For people who want to learn programming boot camp so sprung up. This one says anyone can become a designer in ten weeks. Economist Michael Rosenbaum analyze thousands of programmers resumes and found no correlation between having a College Degree and being a Good Software engineer no correlation. But when he then shared his results were Tech Companies some still insisted on all the hiring people with degrees. Only if you have the diploma the graduation certificate are you likely to be a productive employee. That bias led rosenbaum to start his own company which hires programmers who dont have degrees. Paypal founder was so annoyed by the obsession with colleges the four years ago he started giving a hundred thousand dollars per year to students if they would drop out or skip college and start their own businesses. Students like these you have knew ideas. To cure aging. Make Solar Energy Cheaper than coal. John so far they have not accomplished those things but maybe they will. Madison maxey is one of those hundred thousand dollars recipients. She joins us from san francisco. He spent a semester at at parsons one of the top design schools in the world. You quit before you got the grant money. Why . s college for like a waste . Hi, ther