I noticed this for many years. There is a higher education bubble in the USA and many other developing nations. Right now, there is over a TRILLION DOLLARS of outstanding student loan debt in the USA. 2/3 of college degree holders owe student loan debt in the USA. The average college graduate owes about $30,000 in student loan debt in the USA. The job prospects for college graduates is not really good. Over 50% of college graduates in the USA are either unemployed or underemployed. Most college graduates end up working in jobs that have absolutely nothing to do with what they studied in college, or end up doing a job that doesn't require a college education.
Don't go into a massive amount of debt for a college education in any country because it is almost always not worth it. Unless you are trying to become a doctor, do NOT burrow $100,000 or more in student loan debt. I've heard of people majoring in liberal arts burrowing that amount for something like sociology. Don't do that because all you will end up doing is killing yourself with a huge amount of debt. Debt that you cannot get rid of by any means.
If you want proof that college is a scam and racket, watch the following videos and read the following articles.
Proof: College is a fraud (Basically a college undergraduate student talks about how college is a waste of money and time)
https://www.youtube.com/watch?v=cqx0CRJFAXgProof College is a Fraud: Worthless Degrees (This video explains what are worthwhile and not worthwhile degrees in college)
https://www.youtube.com/watch?v=zbiGp39ML_0College Conspiracy ( A detailed documentary on how college is not worth it anymore for most people. Yes, there are exceptions to the rule, but for most people, college is just a scam)
https://www.youtube.com/watch?v=Ww4m8GUK69E29 Shocking Facts that Prove College Education is just a scam
http://mrconservative.com/2013/05/17468 ... st-a-scam/If you want an education, you have absolutely no reason to go to college. You can learn virtually everything they teach you in college using the Internet or books. The only reason anyone goes to college is so that they can earn a degree that qualifies for them for certain jobs i.e. doctors, lawyers, engineers or teachers.
Here's a fun fact. Contrary to popular belief, you don't need a law degree to understand the law. Before the mid 20th century, you could become a lawyer by self-teaching yourself the law through books or through an apprenticeship. You didn't need to go to law school to become a lawyer. The reason why you need a law degree these days to practice law is because the law degree serves as an expensive barrier to entering the legal profession. By requiring an expensive law degree to practice law, this limits the number of people that can practice law. This thereby allows lawyers to maintain their overinflated salaries. This is called credentialism, which is the erroneous belief that you must have a degree to do a certain job.
Schooling and education are totally different things. You can become well-educated without very much formal education. All you need these days is an Internet connection and books to become well-educated and well-informed. You DO NOT need college to become a well-educated and well-informed person.
Of course, if college is free or very inexpensive in the country you live in, then you don't lose much from attending it. But if you live in a country where college tuition is expensive (i.e. Canada or the USA), then you lose a lot from wasting your money on an "education" that is ultimately worthless in terms of getting you employed. Don't go into a large amount of debt for an ultimately worthless "education". I put parentheses around the word education because the quality of education they give you in college is ultimately crap. Most college courses I've attended the professor just reads powerpoint slides that were made from the textbook publisher for the course's textbook. What the professor does is simply read the textbook via the powerpoint version of it to you. If you can read and comprehend the textbook by yourself, you have no reason to waste your money for paying someone to read the textbook to you. Read the textbook yourself to learn the knowledge.
If you have kids that are about to graduate from high school, it is very important to decide what they should do after high school. And don't follow the brainwashed. Don't follow the hype that you NEED a college degree to be successful in life. The propaganda system has been very successful at brainwashing people into thinking that without a college education, you will not be successful in life. Being successful in life has NOTHING to do with a college degree. Only go to college if you plan on entering a profession that requires a college degree i.e. a doctor or engineer. Do not go to college to become well-educated or well-informed. You get that from the Internet and books, and not college.
Ultimately, college is a scam for most people. It is a racket. The evidence for it is overwhelming. You don't really develop critical thinking skills from college or school for that matter. You develop those skills from self-directed education.
History repeats itself. Just everytime with different characters and players.