CNN Money ran a story on statistics that colleges don’t usually share to its potential freshmen and parents who are footing the bill in hopes of guaranteeing a good white-collar future.
Come to think of it, there are quite a lot of details left out in selling a school. There’s just so much at stake with every student expected to shell out anywhere from $25,000 to $50,000 a year. Never mind if that comes out of the parents’ retirement fund, student loans, hours waiting on tables, or sex work.
Most schools will just pimp their history, facilities, esteemed faculty and alumni but they leave out some of the more important details like graduation rates and how well graduates do after exiting the school. Tuition costs do not necessarily guarantee results.
With the economy offering only select jobs, competition is immense. It raises the question of the value of four years earning a BA while others enter the job market as early as after high school graduation or finishing short-term vocational courses. Not only the cost of college education is at question, but also, the real practical value that it gives graduates.
In today’s economy where even the biggest universities (like Harvard) are struggling, is college education really worth it?
