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

A College Education Is (Not) Worth The Time And Money Essay-36
(That number is unknowable.) It compares their earnings to those of people who did not go to college—many of whom did not go because they were not clever enough to get in.Thus, some of the premium that graduates earn simply reflects the fact that they are, on average, more intelligent than non-graduates.

(That number is unknowable.) It compares their earnings to those of people who did not go to college—many of whom did not go because they were not clever enough to get in.

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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.

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.

Overall, the six-year graduation rate for four-year institutions is only 59%.

The lousy national job market does not help, either.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.Students often cannot write clearly or organise their time sensibly.Four million jobs are unfilled because jobseekers lack the skills employers need.The truth is more nuanced, as Barack Obama hinted when he said in January that “folks can make a lot more” by learning a trade “than they might with an art history degree”.An angry art history professor forced him to apologise, but he was right.Some schools are unfairly affected by the local job market—Murray State might look better if Kentucky’s economy were thriving.Universities that set out to serve everyone will struggle to compete with selective institutions.Frustrated, she took the gutsy decision to go back to the same college and study something more pragmatic.She majored in finance, and now has a good job at an investment consulting firm.

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