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It’s not a crisis – it’s people waking up to the fact that higher ed for a huge percentage of students is not a value add proposition, with nearly half of degrees having a negative ROI. Moving to a system where people can get specific credentials in a given field rather than spend huge amounts of money on a 4 year degree is good, and frankly there are many institutions of higher ed that need to have fat trimmed both in personnel (admin) and lightweight degrees.
Exactly! The system needs broken. Unsure yet if Biden will be successful with that. Most college degrees are useless. Who wants to join the millions of Americans fighting for student loan forgiveness… nobody. Students and parents have wised up.
The oft used statement that people with a college degree make more over their lifetime than do people without one is a very broad statement that does not always hold up. I’m sure that that those with a HVAC certificate make more than those who have a college degree in English or any number of other type of degrees.
And who can blame these KIDS for taking a pass. An 18 year old doesn’t have enough sense NOT to take the maximum amount of loans and end up realizing their mistakes when their brains fully develop at 25. It’s just an opportunity for loan (shark) institutions to gauge profits off the back of kids who often don’t make very wise decisions.
I’m highly supportive of college education for the RIGHT students, but the benefits of “college for all” have been overstated for too long. The statistic stating how much more a college graduate makes than a high school graduate is highly misleading. First, you have to get a degree from college to earn more, but a large percentage who enter college don’t graduate. Only 47% of students even graduate in 4 years. It’s 61% for 5 years and 64% for 6 years. So 36% – 53% never get into the “pool” for those higher earnings. Second, the earnings vary immensely from an engineering grad to a humanities major, so using the average is too general to be helpful. If you are in the bottom 1/3 of graduates, your incremental earnings aren’t that high. Third, there are other ways to boost earnings besides getting a college degree. Apprenticeships, trade schools and entrepreneurship offer promising and better paths for a large number of students. Because the “real” payoff to college is much lower than “promoted” while the costs and debt keep increasing, this is not an economically sound path for many (arguably half of) students. We should be focused on helping students find the best post secondary educational path for them and stop obsessing about college for all.
The smart students have realized that college no longer teaches how to learn but rather how to conform to liberal orthodoxy. The move away from college could not be at a better time in our culture.
Agreed.