A College Education Is (Not) Worth The Time And Money Essay

A College Education Is (Not) Worth The Time And Money Essay-77
WHEN La Tisha Styles graduated from Kennesaw State University in Georgia in 2006 she had ,000 of student debt.This obligation would have been easy to discharge if her Spanish degree had helped her land a well-paid job.Some schools are unfairly affected by the local job market—Murray State might look better if Kentucky’s economy were thriving.

WHEN La Tisha Styles graduated from Kennesaw State University in Georgia in 2006 she had ,000 of student debt.This obligation would have been easy to discharge if her Spanish degree had helped her land a well-paid job.

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A report by Mc Kinsey, a consultancy, found that 42% of recent graduates are in jobs that require less than a four-year college education.

Some 41% of graduates from the nation’s top colleges could not find jobs in their chosen field; and half of all graduates said they would choose a different major or school.

The company then factors in the cost of a degree, after financial aid (discounts for the clever or impecunious that greatly reduce the sticker price at many universities).

From this, Pay Scale estimates the financial returns of many different types of degree (see chart).

But there is no shortage of Spanish-speakers in a nation that borders Latin America.

So Ms Styles found herself working in a clothes shop and a fast-food restaurant for no more than an hour.And poor colleges will look worse than rich ones that offer lots of financial aid, since reducing the cost of a degree raises its return. But overall, the Pay Scale study surely overstates the financial value of a college education.It does not compare graduates’ earnings to what they would have earned, had they skipped college.Grading the graders For all their flaws, studies like Pay Scale’s help would-be students (and their parents) make more informed choices.As Americans start to realise how much a bad choice can hurt them, they will demand more transparency.What is not in doubt is that the cost of university per student has risen by almost five times the rate of inflation since 1983, and graduate salaries have been flat for much of the past decade.Student debt has grown so large that it stops many young people from buying houses, starting businesses or having children.Hard subjects pay off Unsurprisingly, engineering is a good bet wherever you study it.An engineering graduate from the University of California, Berkeley can expect to be nearly

So Ms Styles found herself working in a clothes shop and a fast-food restaurant for no more than $11 an hour.

And poor colleges will look worse than rich ones that offer lots of financial aid, since reducing the cost of a degree raises its return. But overall, the Pay Scale study surely overstates the financial value of a college education.

It does not compare graduates’ earnings to what they would have earned, had they skipped college.

Grading the graders For all their flaws, studies like Pay Scale’s help would-be students (and their parents) make more informed choices.

As Americans start to realise how much a bad choice can hurt them, they will demand more transparency.

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So Ms Styles found herself working in a clothes shop and a fast-food restaurant for no more than $11 an hour.And poor colleges will look worse than rich ones that offer lots of financial aid, since reducing the cost of a degree raises its return. But overall, the Pay Scale study surely overstates the financial value of a college education.It does not compare graduates’ earnings to what they would have earned, had they skipped college.Grading the graders For all their flaws, studies like Pay Scale’s help would-be students (and their parents) make more informed choices.As Americans start to realise how much a bad choice can hurt them, they will demand more transparency.What is not in doubt is that the cost of university per student has risen by almost five times the rate of inflation since 1983, and graduate salaries have been flat for much of the past decade.Student debt has grown so large that it stops many young people from buying houses, starting businesses or having children.Hard subjects pay off Unsurprisingly, engineering is a good bet wherever you study it.An engineering graduate from the University of California, Berkeley can expect to be nearly $1.1m better off after 20 years than someone who never went to college.Even the least lucrative engineering courses generated a 20-year return of almost $500,000. All doubtless nourish the soul, but not all fatten the wallet.An arts degree from a rigorous school such as Columbia or the University of California, San Diego pays off handsomely.

.1m better off after 20 years than someone who never went to college.Even the least lucrative engineering courses generated a 20-year return of almost 0,000. All doubtless nourish the soul, but not all fatten the wallet.An arts degree from a rigorous school such as Columbia or the University of California, San Diego pays off handsomely.

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