There is a lot written about the higher education
bubble and how something needs to be done before it bursts. What makes college
a bubble is the fear that the money that a student pays into tuition won't be
recouped in higher wages after graduation. If the student can't find a job for
which she is trained, then the tuition was a bad investment. Why pay $100,000
for college if the graduate will not make $100,000 more than another worker
with a high school degree? Add the finance charges of student loans, and the
problem is that much worse.
But what if the this whole argument is based on the
wrong premise? More on that in a moment.
The fact is, college is a very inefficient place to
get trained for a job. Yes, a degree from a top school is mandatory for certain
careers: medicine, academia, law, finance. If a student knows that he or she
wants to go into one of these fields, then that student should go to the best
school possible and focus on that career path. But for everyone else, their
college education has little to do with their actual job. How many people do
you know who have a job directly related to their major? Is four years of study
worth more than four years of experience?
When people view college as their ticket to higher
salaries, they are bound to to be disappointed while the economy and job market
is still slow. There just aren't enough jobs for all of the people coming out
of school, so there will be too many new graduates piecing together part time
jobs or working jobs that don't require a college degree. These young
people, and their parents, are now wondering if college was even worth it.
If a student only wants to make a higher salary,
college is a lousy bargain. Here's a suggestion, those students should learn to
code. Take some classes in C++ and Ruby at the local community college, work
through tutorials online, build experience on some freelance jobs building
iPhone apps, and the chances of pulling down a six figure salary are
significantly better than if that same person earned a degree in French
literature from a private college. Or go to a trade school, be an apprentice,
and join a union. A trained welder makes a lot more than an anthropology major
who is still looking for work. Another idea I have read about - take the money your family has
set aside for college and start a business. A entrepreneur can do a lot with
$50,000 and an idea.
However, when students view their college education
as more than a résumé builder, then the tuition makes a lot more sense. The
tuition investment may not immediately help financially, but it will
pay off intellectually, socially, and emotionally. College is about exploring
ideas and discovering yourself. It is one of the few times in life when you can
take a class about art, psychology, philosophy, or calculus. It is a chance to
debate ideas late into the night, to join a robotics club, to meet people from
different places, to learn how to think critically. That is why it is great to
study French literature or pursue an anthropology major. Those students may not
have a career that involves French literature or anthropology, but they will
certainly have a career where they must think, write, and persuade others. And
don't discount the value of networking with other alumni later in life.
Which brings me to a point that is not obvious to
recent graduates, most of them will have several careers in their lifetime. In
the 20th century, it was common for a young person to get a job in a GM plant
or a school district and stay there for their whole career. Today's workers
might have an average of seven careers according to some sources. It would prove short-sighted
for a young person to skip college in favor of going into a service job when
she may soon feel inspired to move to a professional career that requires a
college degree. Choosing to skip a university education can limit a person's
choices for the rest of their working life.
Though I have many successful friends who never went to college, I know that some of them regret it. I think of my
one friend that feels embarrassed admitting that he never went to college, and
I compare him to my other friend who is proud to share that she is the first
person in her family to earn a degree. This idea is more important to everyone,
but it should be part of the decision.
If at all possible, I believe students should
always choose college, not because it will get them a better job, but because
it will make them a more well-rounded person. It will open doors and give them
confidence for the rest of their life. I don't, however, know if it is worth
skipping a reasonably-priced state school in favor of a high-priced private
college. That is a topic for a different article.
And when it comes time to write your
application essays, don't forget to use Clickademics Essay Engine; it will
help you organize your thoughts and write a catchy introduction.