Monday, July 21, 2008

What's the Value of a College Degree?

A take from the Wall Street Journal:

"A four-year college degree, seen for generations as a ticket to a better life, is no longer enough to guarantee a steadily rising paycheck."
As one of my brilliant subjects from Generation Debt, who sent me the link, put it, "Ya think?"

And from the Times, about Berea College in Kentucky, a member of the Work College Consortium (which I've written about before and find really intriguing); The school accepts only low-income applicants, charges no tuition, has no frills, and requires students to work 10 hours a week on campus.

“You can literally come to Berea with nothing but what you can carry, and graduate debt free,” said Joseph P. Bagnoli Jr., the associate provost for enrollment management. “We call it the best education money can’t buy.”

23 comments:

Anonymous said...

A four year bachelor degree is not worth much nowadays. What good jobs are left anyway? Even a good teaching job in the suburbs has over 250 applicants per position. The key in this world is who you know. The future is bleak. Now with oil going up, and it will never come down again, life will be very hard for the young people. If I were young I would learn a trade like plumber, electrician, or I would go into law enforcement. During a bad economy, crime spikes. There will be plenty of growth opportunity in law enforcement, prison guard, private security, etc. It will be all the rage in the future. This will be an ugly period. This is not the time to get $30,000 in debt studying English Literature!

Eric said...

And yet, Anya, you advocate more devaluing of a bachelor's degree by supporting federal government subsidies (to students) to attend. Let the true cost of college be known and fewer people will go; hence, a bachelor's degree with be valued once again.

Why is this concept so difficult to understand? More people with bachelor's degrees = more competition = lower cost (wages). Ya Think?

Am I to understand the market only works properly--in your world--when prices for goods only go down and wages only increase?

Michael Vanderwheel, B.A. said...

eric's right about subsidizing university education. Graduating more students only reinforces credential inflation.

kg79 said...

I think there are really two differing views of the benefits of a college education. in one camp are the "wander through the garden of knowledge" folks who feel that college is an academic place to study whatever interests you. in the other camp are the "college as a vocational school" who view it as a place to prepare for a career. I think the "degree value" problem is really caused by the confusion of these two goals... its fine to go to college to study art-history, broadcasting, or french literature, just don't expect goldman-sachs to beat a path to your door when you graduate. there are plenty of fields (engineering, computer-science, medicine, science) that are in demand by employers, and pay new-grads well.

the real failure here is that students don't get an effective price signal when they decide what field to pursue,consequently the market is over-supplied with psych majors and under-supplied with chemical engineers.

Anonymous said...

Don't forget that Chemical Engineering is hard. Most graduate students in engineering are foreign. They are more hard working and intelligent than the average Gen Y'er. Go to any university and look at the names on the roster. There are a few 1st generation students, but most are right off the boat. I would suggest the following fields: criminal justice, fireman, teacher health care. Prison guards are also in demand. We have the largest prison population in America. I am not optimistic. Interestingly it is not the fault of the "system" that everything is so bad for young people, it is the simple fact that there are many more hard working, intelligent young people in China, India, Germany, any European country, etc....Good luck competing against these types.

Online College Consulting - Applywise said...

Yes, bachelor's degree not necessarily means good job or good salary although this is a good edge among other applicants. It still depends on you, don't expect to get hire because of that degree when you know for yourself that you didn't answer good on your interview.

Swetha said...

I found free career information on New York Colleges New York Schools, Best Careers in New York (NY) for various Programs like Medical Assisting Degree in New York (NY), College for Criminal Justice Career, Pharmacy Technician Degree NY, Business & Accounting Careers, Network Administration College Degree. So you can also visit.

Swetha said...

Thank you for sharing. Recently I found College Information which offers both Associate of Occupational Studies and Associate in Applied Science degree programs. The programs of study are listed below, Business, Health Disciplines, Criminal Justice and Computer Technology. You can also Visit.

Swetha said...

I found Insurance Agency which provides exceptional service with Personal and Business Insurance throughout North and Central New Jersey. You can also visit.

Swetha said...

I found free career information on New York Colleges New York Schools, Best Careers in New York (NY) for various Programs like Medical Assisting Degree in New York (NY), College for Criminal Justice Career, Pharmacy Technician Degree NY, Business & Accounting Careers, Network Administration College Degree. So you can also visit.

CrowdSourcer said...

I think you must refer on this link:
http://jobsadvisor.instantspot.com/blog/2009/11/18/Best-Undergraduate-Degrees-

Then decide which college degree value the most!

Jason said...

Hi,

Thanks for the Information. But, I have found my community college for further education.

:)

accelerateddegree said...

Hi,
It seems to be a great site for Accelerated College Degree Online, Fast College Degree and Accelerated Business Degree. I have got sufficient information about online college degrees from http://www.accelerated-degree.com .

Accelerated-degree.com

evision said...

http://www.sangambayard-c-m.com

evision said...

http://www.sangambayard-c-m.com

term papers writing said...

I have been visiting various blogs for my term papers writing research. I have found your blog to be quite useful. Keep updating your blog with valuable information... Regards

dissertation said...

I have been visiting various blogs for my dissertation research. I have found your blog to be quite useful. Keep updating your blog with valuable information... Regards

David said...

Worth sharing this information. Good Work
Accelerated degree | writing degree

Dissertation Writing service said...

This kind of information is very limited on internet. Nice to find the post related to my searching criteria. Your updated and informative post will be appreciated by blog loving people.

Dissertation structure

Viagra Online said...

well all depent of your scores, if you are a good student, the goverment help you in this, but if you a sportman or well a person with a lot of talent in something, this is cover by the goverment too.

creative logos said...

I really love to read articles that have good information and ideas to share to each reader. I hope to read more from you guys and continue that good work that is really inspiring to us...
_________________
logo design blog

free sociology dissertation sample said...

I would suggest the following fields: criminal justice, fireman, teacher health care.

dissertation proposal said...

Hi! I've been following your weblog for a long time now and finally got the courage to go ahead and give you a shout out from Kingwood Tx! Just wanted to tell you keep up the good work! literature review example