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World Traveler
Joined: 29 May 2009
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 Posted: Wed Aug 17, 2011 6:31 pm Post subject: College: Expensive, but a smart choice |
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It's expensive and no job is guaranteed at the end, but research shows that college could easily be the best investment you ever make.
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We've just completed a study that draws on a variety of data to help answer those questions, and our research suggests that college is not only worth it; it's probably going to be the best investment a person makes in a lifetime. Even though the cost of tuition, room, board and lost wages is substantial, and even though the job market remains tough even for college graduates, the evidence is unequivocal: Those with college degrees, on average, earn far more than those without them.
First, we looked at what we call the Class of the Great Recession � those young adults who graduated from college during the last three years. The results surprised us. We've all seen the headlines about how difficult it is for new graduates to find work in these tough economic times. But almost 90% of these young college graduates were employed in 2010, compared with only 64% of their peers who did not attend college but went straight on to look for work. Even more astounding, the college graduates are making, on average, almost double the annual earnings of those with only a high school diploma. And this advantage is likely to stick with them over a lifetime of work. For example, at age 50 a college graduate earns about $46,500 more per year than the average person with only a high school diploma. |
http://www.latimes.com/news/opinion/commentary/la-oe-looney-greenstone-is-college-wo20110815,0,2201593.story |
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nukeday
Joined: 13 May 2010
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| Posted: Thu Aug 18, 2011 12:11 am Post subject: |
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I kind of wonder if it's not really going to college, but the average people who go to college compared to those who don't. Coming from good families, having connections, etc. Seems like a lot of the kids I knew in college went straight into their daddy's or uncle's business.
Take those 36% unemployed high school grads, give em a college degree and I don't see much changing. |
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Juregen
Joined: 30 May 2006
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| Posted: Thu Aug 18, 2011 12:40 am Post subject: |
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| nukeday wrote: |
Take those 36% unemployed high school grads, give em a college degree and I don't see much changing. |
Probably because a degree should be earned, not given .....
It is the effort of going through academic disciplines that increase the productivity of the receiver, which directly translates into increased earning potential. |
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Zyzyfer
Joined: 29 Jan 2003
Location: who, what, where, when, why, how?
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| Posted: Thu Aug 18, 2011 12:40 am Post subject: |
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It's only a smart choice if you make smart choices. That's why I still haven't done a Master's Degree, no idea what would be good for me to study right now based on what I want to do.
But why are you linking to all of these articles all over the board? |
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Kuros
Joined: 27 Apr 2004
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| Posted: Thu Aug 18, 2011 7:28 am Post subject: |
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College's value depends heavily upon the institution.
Take back the liberal arts
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Consider Yale's description of a course it offered that dealt with how disabilities are depicted in fiction: "We will examine how characters serve as figures of otherness, transcendence, physicality or abjection. Later may come examination questions on regulative discourse, performativity and frameworks of intelligibility."
Classes like these suggest that professors are using the curriculum as their personal playgrounds. Harvard's Harvey Mansfield worries that too many professors take the approach that "what they're doing research on is exactly what students need to know." As a result, freshmen are often addressed as if they were novitiate doctoral candidates, eager to imbibe the esoterica of academic disciplines. Courses should be created for the benefit of students, not as vehicles for faculty careers.
. . .
An American Mathematical Society study of introductory courses found that only 11% were taught by regular faculty. Professors making their mark in "orbit structure of diffeomorphims of manifolds" feel their talents would be wasted teaching Math 101. But they might mull Albert Einstein's words to young researchers: "You do not really understand something unless you can explain it to your grandmother."
There are still colleges where the contents of the bottles match the labels. But they tend to be more modest schools, ones that don't expect their faculties to make national reputations in research. Occidental College in Los Angeles is such a school, as is Hendrix College in Arkansas and the new Quest University Canada in British Columbia. And there are excellent dedicated liberal arts colleges within affordable public systems. New College of Florida and St. Mary's College of Maryland are two; also Arizona State University's Barrett honors college and Macaulay Honors College at the City University of New York, which waives tuition for students who maintain a 3.5 grade-point average. |
Basically, if you're looking at a good liberal arts school, there will be very little time spent on research and a lot of effort focused on teaching and smaller class sizes. US News & World Reports rankings be damned. |
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nukeday
Joined: 13 May 2010
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| Posted: Thu Aug 18, 2011 9:13 am Post subject: |
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| Juregen wrote: |
| nukeday wrote: |
Take those 36% unemployed high school grads, give em a college degree and I don't see much changing. |
Probably because a degree should be earned, not given .....
It is the effort of going through academic disciplines that increase the productivity of the receiver, which directly translates into increased earning potential. |
And networking and joining the good old boys' clubs. Not so much the education itself. |
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Kuros
Joined: 27 Apr 2004
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| Posted: Thu Aug 18, 2011 4:37 pm Post subject: |
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Here's some good advice on a low-cost university degree
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| So here's a low-cost plan, even if it won't win envy points at the country club. Let's suppose you live in Pueblo, Colorado. Your child's first two years can be at the local community college, where the annual tab is $3,399. The classes tend to be small, unlike the mega-lectures at the flagship schools; the faculty gives full attention to teaching, since they're not pressured to churn out research. Moreover, every community college has a liberal arts division. You can study philosophy and history, as well as air conditioning repair. For your last two years, Pueblo will facilitate a transfer to Colorado State University in Fort Collins, where tuition is $6,985, with room and board at $8,744. Entering as a junior, you'll find it easier to find and enroll with interesting professors. Total four-year cost: $38,256. We'd hope this is a sum parents could put in a college fund. And if you apply yourself at Fort Collins, its faculty will give you strong recommendations. Harvard law school, Stanford medical school, and Chicago business school make a point of looking for promising candidates from places like Colorado State. In fact, they may take you over graduates of Tulane (who laid out $206,821) or Georgetown ($214,364). |
The two-year transfer strategy is brilliant. In almost every case, you're either faced with large classes in the first two years, or high tuition bills. And its supportive of community colleges. |
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