High-Profile Studies Overrate Going to College and Picking the Right Major
... what you started with.
|Scooped by Gunnar Fox|
These articles really torque me because they encourage students to forgo college when that is generally not the best path...
I agree that college is expensive and that managing debt is a serious burden. But all things considered, a college degree tends to fall into the category of things that, while expensive, are worth it. (I have heard some say “divorce” also falls into that category but best to stay on topic.)
Also, students who do their research tend to make far better choices in selecting a cost-effective educational path for their specific needs and aspirations. Not all students exert the effort necessary to become knowledgeable about college selection and financial aid issues.
These studies never tell the whole story. This is not just a question of earning potential. College graduates are also far more likely to enjoy a full suite of benefits in their employment. If you monetize those benefits in the average salary package you could fairly conclude that the value of those highly sought-after benefits eclipses the average monthly debt obligation. College students are also statistically far less likely to be laid off. What value do you place on that?