About a month ago I suggested that the costs of college tuition must come back to earth, but I never realized how many college educations never paid off at all! According to the Chronicle of Higher Education:
Over 317,000 waiters and waitresses have college degrees (over 8,000 of them have doctoral or professional degrees), along with over 80,000 bartenders, and over 18,000 parking lot attendants. All told, some 17,000,000 Americans with college degrees are doing jobs that the BLS says require less than the skill levels associated with a bachelor’s degree…This is even true at the doctoral and professional level—there are 5,057 janitors in the U.S. with Ph.D.’s, other doctorates, or professional degrees.
It seems that it is often not worth it to pay for the college experience. That means an online business administration degree would be just as useless. There are about 150 million workers in the United States, so over 10% of them paid for a college education that they may never use.