|Dr. Gary Michelson, Gary Michelson, G Karlin Michelson, 20 Million Minds, Forbes, billionaire|
Wednesday, March 5, 2014
Dr Gary Michelson throws around totally false numbers, billionaire, Forbes
In Dr Gary Michelson's PR video for 20 Million Minds he throws out some totally false numbers. Did he find these numbers himself? Did someone give them to him? He stated that 385,000 start college/university but only 30,000 finish. That would be less than 10%. I dug up the correct figures. 66% of people in the US who start college/university finish, not 10%. This is very recent independent data. He said they don't finish because of the cost of text books. Not true! The reason they don't finish is cost of the education, fear of student loan debt and need to make a living.
I was on full scholarship at USC. Back in 1982 is was $18,000 a year. I was allowed to take up to 22 units per semester. Most people took 16 which is four classes. I was like if I can take 22, I will take it. Free education. My books cost me $100 per semester net. That means I bought $300 worth of used mandatory books but would sell them back to the book store at the end of the semester. $18,000 a year to go to college verses $200 for books. Hmm? I can afford the $18,000 but not the $200? The cost of books is clearly not why people drop out! What idiot would ever think that's the reason for college dropouts? I also got free dormitory and food but I still had a job to pay for extra things such as medical, dental, clothing... Only kids with wealthy parents didn't have to work. I was lucky to have a scholarship.
The consensus of most current articles on the benefits of having a degree is that it's not worth the student loan debt or cost. The only reason one would want a degree is if they must have it to be a doctor, lawyer, engineer, architect. Why does Gary Michelson always throw around these crazy statistics? Is Dean telling him this just so it looks like the foundation is needed so he can have a job? In all honesty it'd make more sense if he donated his money to groups who have been doing these programs for 20 years.