College May Cost More Than Just Tuition
Courtney Munna, a graduate of the prestigious New York University, has found herself $100,000 in debt at age twenty six. The photographer’s assistant has a degree in Religion and Women’s Studies, a program in which the cost is high, yet the value is not. Virtually no career paths exist that would compensate for Munna’s major investment. Munna’s education costs her $700 a month, and she states her regrets of the overpriced degree, “I don't want to spend the rest of my life slaving away to pay for an education I got for four years and would happily give back." While Munna’s sizeable loss can be attributed to her poor choice in degree, the all-encompassing trouble lies in the increasing need for student
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Advocates of this form of higher education contend “a college degree is certainly no guarantee of financial success, but it is nearly a prerequisite for moving up the income ladder if you're poor” (Rampell 1). While college has the ability to aid in the advancement of a person’s financial standing, it proves to be a fruitless investment for some students. Even with the accreditation a diploma offers, millions of graduates struggle to earn a salary that ensures the benefits of their major investment. Academic philosopher Gary Jason insists “the rising price of college tends to erase the potential returns of a college education for students of only average ability” (Jason 1). The essence of Jason’s argument is that with a multitude of programs available as an appropriate substitute, college proves to be a waste of time and money for students pursuing careers that do not demand a diploma. The financial burden of college is growing, and in some cases, it cancels out the benefits. Believers in the college dream’s claim rests on the questionable assumption that all students will successfully obtain a diploma and follow a career path that will result in profits from the …show more content…
Cofounder and executive chairman of LinkedIn Reid Hoffman calls for the broadened acceptance of alternative routes to higher education. He states, “there are an expanding number of ways to acquire specific skills and knowledge faster and less expensively than one can manage through a traditional four-year degree program” (Hoffman 1). Siemens and similar manufacturers have kickstarted programs that use real life experience in factories and other entry level jobs to build advanced skills in recent high school graduates. The employees are given the opportunity to earn their way up within the company, eliminating the need for a diploma. Although these programs exist, the underlying issue is most employers’ outlook; to employers, a four year bachelor’s degree signals a multitude of positive attributes: commitment, proficiency in at least one subject area, and self-sufficiency. However, the completion of a training program demonstrates these same qualities and is a more fiscally responsible route to preparedness for a job. Furthermore, expendable courses taken to fulfill the mandatory amount of credit hours for graduation waste time and money. School administrations impose such standards to ensure a sizeable profit, and students in turn are being forced to hand over the majority of their savings for knowledge not relevant to their
One of the biggest complaints about a college education is the large price tag that comes with it. A national survey found that 75% of adults in the U.S. think that college is too expensive to afford, showing that a majority of the people in the U.S. agree that colleges should lower prices (Source F). As Source A says, college is about learning but the goal in life is to earn a living (Crawford). This means that while you need to earn a living, college isn’t the only route you can do so. There are careers that don’t require education beyond high school and you can still make a respectable income. It’s easy to see that not enough people realize you don’t need a college degree to get a good job.
Supporters of getting a college degree often point to the statistics that college graduates earn more than their high school educated peers over a lifetime. Statistics by the U.S. Census Bureau reports that since 1977, “Adults with bachelor's degrees in the late 1970s earned 55 percent more than adults who had not advanced beyond high school. That gap grew to 75 percent by 1990 -- and is now at 85 percent.” A gap of an 85% pay difference is a huge figure and a clear reason why college is a great option for some people. But there are problems with that figure because when the number of college graduates who are either unemployed or underemployed is taken into account it changes the value of the statistic. In an article by Businessweek’s Richard Vedder we get statistics to counter that argument. He tells of how the number of new college graduates far exceeds job growth in technical, managerial, and professional jobs where graduates traditionally have searched for employment. As a consequence, we have underemployed college graduates doing jobs historically performed by those with just a highschool education. He says we have “more than 100,000 janitors with
In the essay “College Value Goes Deeper Than the Degree” author Eric Hoover claims a college education is important to one 's well-being so they can get a job and be productive in other parts of life. Promoters of higher education have long emphasized how beneficial college’s value and its purpose. Many believe the notion that colleges teach students are life skills to apply anywhere, they also work hard to earn a degree and learn specific marketable skills which they can use to get a good job. Though obtaining a college education and a degree is helpful in countless of ways, it is not necessary to pursue a college degree in world where a college degree is seen different now, people without turn out fine, the growing average of debt that students who attend college have to pay off and people without a degree can obtain many jobs that do not require college degrees.
Over the past decade, it has become evident to the students of the United States that in order to attain a well paying job they must seek a higher education. The higher education, usually a college or university, is practically required in order to succeed. To be able to attend these schools and receive a degree in a specific field it means money, and often a lot of it. For students, the need for a degree is strong, but the cost of going to college may stand in the way of a successful future. Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job
The article, “Should Everyone Go to College?” by Stephanie Owen and Isabel Sawhill disputes the widespread idea that attending college before joining the workforce is financially advantageous to everybody. The authors acknowledge that for some the investment of college results in a profit, but stipulate that several factors could result in a college degree costing more to obtain than the future benefits would reciprocate. They demonstrate that differences in factors such as major choice, school selectivity, and future job availability result in an enormous variation in the potential value of higher education. Owen and Sawhill state that the stereotype of an unconditionally lucrative outcome from college is inaccurate, misleading, and likely
The topic of “Are Too Many People Going to College?” was presented by Charles Murray, the W.H. Brady Scholar at the American Enterprise. In today’s world college is a must due to many employers seeking educated individuals. Murray develops an interesting conversation by demonstrating that many high school graduates who are seeking to go to college do not need a degree depending on their career paths. Murray provides the analogy of a high school graduate who is looking to become an electrician but is not sure if college is the most logical decision. Murray acknowledges the fact that a B.A. does not necessarily led to a higher income than one with a degree. The logical argument of money is brought to attention and is stated “the income for the top people in a wide variety of occupations that do not require a college degree is higher than the average income for many occupations that require a B.A.” (Murray 247). Although this is his main point, he understand that it varies due to the occupation one is leaning towards. There has been individuals without a college degree that are making millions of dollars, but it varies. Murray claims that getting a B.A. is going to be the wrong economic decision for many high school graduates (Murray 246); however not everyone wants to be an electrician or any other hand held jobs that doesn’t necessarily need a degree, but if one wants to be a lawyer, doctor, or anything require a degree, college is the answer. Having a degree in a
Does college really give graduates the tools and knowledge required to succeed? In the article “Where College Fails Us”, author Caroline Bird attempts to argue that college may not be worth as much as people are led to believe. Bird believes that with the rise in college graduates being well above the Department of Labor Statistics anticipated job needs, college is quickly becoming a waste of time. Moreover, several reasons listed depict colleges many shortcomings, including the stress it puts on students and the unrealistic expectations it gives them combined with huge financial burdens. The author believes that the successful college graduates would have been successful regardless of their education, and that the majority of students felt forced to attend. Finally, she states that before wasting your money on a college education the reader should reflect on her article and determine if there is still value in a college experience. Although Caroline Bird presents many persuading arguments against the college experience in her article, I believe her logic to be outdated and generalized, and her content lacking of discrediting information. I disagree that all college graduates are taking dead-end jobs, and universities have withdrawn from the social side of their educational experience.
Marty Nemko, in the article, “We Send Too Many Students To College,” acknowledges that colleges have become obscenely expensive and that it is possible to be successful without going to college. Arguing that too many students are sent to college without realizing that it is not imperative, Nemko targets parents in his claims that colleges focus on educating in the cheapest way possible and most importantly, that the advantage of past college graduates in the job market is declining. One of his main reasons is that even though the average college graduate makes more money, hundreds of thousands of students in the bottom half of their high school class do not succeed in higher education. Nemko’s article is the most persuasive article on whether college education still has value as he argues that college is not beneficial to everyone through demonstrations of hyperbole, and figurative language.
Many recent college graduates have faced record levels of unemployment. This situation has lead people to question what they value about higher education. Some high school students and their parents are wondering if a college education is worth the cost. Others, however, believe that a college prepares students for more than just a job or career. Many people then present the counter argument that people like Bill Gates, Steve Jobs, and Mark Zuckerberg did not have a college degree, but unlike them most people are not geniuses and do not have the same entrepreneurial opportunities available to them, let alone the innovative ideas and proper timing. A college education is worth the cost because it is a requirement for many jobs, college graduates make substantially more than high school graduates, and college provides more opportunities for personal growth and networking.
Today colleges are growing more and more necessary for attaining a solid path towards a successful career, yet the rapidly increasing cost of tuition is driving students away from their dream of attending college, due to the preposterous amount of money that is now being demanded by colleges across the nation and world as a whole. It is sad to see students being turned away from a successful future due to the money-hungry nature of the universities that dot the globe. More and more impossible it is becoming to have a “rags-to-riches” scenario that used to highlight the American Dream, as if a student doesn’t have the riches to afford a higher education and the tuition that is drug upon its coattails, then our society is doomed to be clothed in rags forever, unless major changes are brought about to restructure and end the indefatigable growth of tuition rates across the board.
A college education should be considered a valuable asset, one that can also be considered a cornerstone of a life’s foundation that will help with success in society. A high school diploma was once thought to be the only education needed to procure a respectable wage earning job, but in today’s ever changing world one needs some form of secondary instruction or a college degree is needed to acquire the most basic entry level jobs. According to a US News article the average tuition as well as fees for public National Universities has increased during 1985 to 2015 by 296 % (Mitchell). With the increasing cost the dream of attending college has become more like a fantasy.
A college education does not equate to success, nor does a lack of education equate to failure. For centuries, blue-collar workers successfully supported their families offering their offspring the opportunity to choose their own path to success. We will discover that there are actually three scenarios offered to those chasing the American Dream. The pursuit of higher education, education developed by unconventional catlysts of intellectualism, and finally on the job work experience, all of which have their pros and some with cons powerful enough to turn the American Dream into a nightmare. Once we travel down these paths of discovery, we will better understand
“Is college worth the cost? Many recent graduates don’t think so” is an article from The Washington Post by Jeffrey J. Selingo. This article published on September 30, 2015, addresses the issue being is a college education worth a large amount of money and debt these students have acquired just for a piece paper called a degree. This is relevant because a large majority of high schoolers face this issue. They don’t know if they can afford college and they do not want debt, but at the same time, most workplaces require some type of degree. That is exactly what this article acknowledges that at this time a college degree is only worth the debt because without it you are more likely to be unemployed. However, this article also addresses all the negatives of obtaining a college degree and how even with a degree you could find yourself in a state of unemployment. To inform the readers of the negatives surrounding a college degree the author uses to appeal to authority, statistics, and appeal to emotions to prove his point.
Without a doubt, today’s purpose of college is to foster student development. However, it’s become unclear with the rising costs of tuition as well as the growing importance of preparation for a job upon graduation. In fact, universities are no longer seen as simply a place of higher education. They are rather professional junctions from which students can become secure jobs and steady income afterward. This is partially due to the fact that graduating high school is no longer seen as an accomplishment and in effect, about 65% of all jobs require at least a bachelor’s degree to be competitive for (Georgetown University Center on Education and the Workforce, 2009). However, costs of attending have almost counterintuitively skyrocketed in
During high school, many students begin to debate the significance of a higher education and question the importance of obtaining a college degree. However, attaining a college education offers opportunities for graduates that can not be received without it. Unlike previous generations, students who graduate high school today are not able to acquire the several well-paying jobs that were once offered. Today, graduating college compares to the importance of graduating high school decades ago. America has turned into an economy built on knowledge, and a higher education continues to be one of the greatest investments one can make for a successful future, “In today's economy, higher education is no longer a luxury for the privileged few, but