“College Education” Worth it or Not?

27. January 2009 by admin.

Harvard

I have an daughter who will be graduating this year and continuing her education at a top university.  This is a very exciting time for everyone and we look forward to her wonderful success in the future.

I was struck the other night by John Stossel, who does a segment called “Give Me A Break!” on 20/20.  I love this show, because I know he tells it like it is.  This night he talked about the ”Value of a College Degree” and considering my daughters nearing days, I was quite interested in what he might say. 

Here is what he had to say and I was quite alarmed:

 Increasing numbers of Americans go to college. Many go deep into debt to pay the high cost. Is it worth it? Colleges tell Americans that over a lifetime, a college degree equals a million dollars more income. But that promise is misleading. It includes super-earners like Google’s founders and other billionaires who skew the average. And more importantly, the kind of students who attend college are already more likely to be successful than those who don’t. A recent book by Charles Murray argues that many kids who go to college just aren’t equipped to handle the work. Graduation statistics seem to bear that out. Dr. Marty Nemko, an education consultant and career counselor, says: “If you’re in the bottom 40 percent of your high school class … and today, colleges are recruiting lots of those kids … you have a very small chance of graduating, even if you are given eight and a half years.” Would vocational school be a better choice? What is a college education really worth? 

Well, I would like to know what you think:

Read more interesting articles at http://itsourrealitymagazine.com

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“Its Our Reality!”

14. January 2009 by admin.

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