Have you exceptionally wondered what the real value of a college education is these days? There is of course an sound value of college, and that is whatever the colleges are charging, and the students are enthusiastic to pay. But I ask you why are people prepared to pay so much for college? One instigation is possibly is now they aren ' t paying for it, that is to judge their parents are paying for it, the government is paying for it, the kids are on a scholarship, or me as a taxpayer is guaranteeing a student loan, which may never be repaid.
Forasmuch as, the actual palpable value of a college education is not what it appears to be, and it is not the high cost that the universities and colleges of this great nation are charging currently. Academia is in a bubble, and it is operating using government funding, tax payer ' s money, and misrepresentational marketing. Let me explain.
You see, college entrance counselors always telling the parents and students that they place 85 % of their graduating class in Fortune 500 companies making over $50, 000 a year. Now then, the numbers vary from school to school, and year - to - year, but that ' s basically the line of reasoning they give. They also say that over your lifetime you will make 1. 5 to 2 million dollars more in salary or earnings than you would if you didn ' t have a college education, on average, obviously that ' s not the case for everybody.
Nevertheless, if we look at the job market recently, the unemployment rate was quite high, and although employers were more apt to hire someone with a college degree, many of those folks who had graduated from college were still paying student loans, and they had no job. Is it false advertising, is it a forward - looking statement, or is it just fraudulent marketing? It ' s hard to say, but that ' s what ' s happening.
Not long ago, an individual who wished to join our think tank explained that he was just entering college, but he wasn ' t sure if it made sense for him. And he was wondering what the real value of academic credentials would be in the real world, or why they should even be required to join a think tank. This is a reasonable question, and it got me to thinking, hence this article.
Indeed, I told him; " we should have a conversation, you and I, about the " real value " of academia, because there are + ' s and - ' s to college, " the reason being that folks with too much college cannot think outside the box, and folks with not enough college didn ' t have enough knowledge to make good decisions, or stand out in scientific, engineering, or innovative decision - making.
Does that mean someone with no college is all is lesser? No, in some regards, folks who look at what college has to offer can see that the cost versus what you get doesn ' t really make sense for everyone. Indeed I hope you will please consider all this.
