The college conspiracy debunks many myths, including the belief that college-educated Americans earn $1 million more over their lifetimes than high school graduates without a college degree.
The most important basic fact most Americans don’t know about 4-year colleges is that most Americans spend 6 years attending these colleges before graduating. Tuition at private U.S. colleges has risen an average of 5.15% over the past 50 years, and assuming the same pace of tuition increases continues, a student at a $30,000 college would pay $38,563 by sixth year.
In College Conspiracy, the NIA analyzed the total cost of attending college, taking into account not only rapidly rising tuition, but also the payment of interest on student loans and the lost income that college students might earn if they worked in common entry-level jobs, which do not require a college degree .
NIA research found that the organizations that helped create and spread the $1 million extra income myth included General Equivalency Diploma (GED) high school graduates.
In fact, GED recipients are not actual high school graduates, and they are being used to unfairly distort the median earnings of high school graduates without a college degree.
This would artificially inflate the extra lifetime earnings that college graduates earn over high school graduates. The college conspiracy revealed real numbers that were never discussed in the mainstream media.
The university-industrial complex has created not just myths but outright hoaxes to lure American students into lifelong servants. Three years ago, when 15 new pharmacist schools were about to open in the United States, a university cartel bribed economists to produce bogus studies showing a critical shortage of pharmacists in the United States.
