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Analysis: College May Cost More Than Just Tuition

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College May Cost More Than Just Tuition
Courtney Munna, a graduate of the prestigious New York University, has found herself $100,000 in debt at age twenty six. The photographer’s assistant has a degree in Religion and Women’s Studies, a program in which the cost is high, yet the value is not. Virtually no career paths exist that would compensate for Munna’s major investment. Munna’s education costs her $700 a month, and she states her regrets of the overpriced degree, “I don't want to spend the rest of my life slaving away to pay for an education I got for four years and would happily give back." While Munna’s sizeable loss can be attributed to her poor choice in degree, the all-encompassing trouble lies in the increasing need for student …show more content…

Advocates of this form of higher education contend “a college degree is certainly no guarantee of financial success, but it is nearly a prerequisite for moving up the income ladder if you're poor” (Rampell 1). While college has the ability to aid in the advancement of a person’s financial standing, it proves to be a fruitless investment for some students. Even with the accreditation a diploma offers, millions of graduates struggle to earn a salary that ensures the benefits of their major investment. Academic philosopher Gary Jason insists “the rising price of college tends to erase the potential returns of a college education for students of only average ability” (Jason 1). The essence of Jason’s argument is that with a multitude of programs available as an appropriate substitute, college proves to be a waste of time and money for students pursuing careers that do not demand a diploma. The financial burden of college is growing, and in some cases, it cancels out the benefits. Believers in the college dream’s claim rests on the questionable assumption that all students will successfully obtain a diploma and follow a career path that will result in profits from the …show more content…

Cofounder and executive chairman of LinkedIn Reid Hoffman calls for the broadened acceptance of alternative routes to higher education. He states, “there are an expanding number of ways to acquire specific skills and knowledge faster and less expensively than one can manage through a traditional four-year degree program” (Hoffman 1). Siemens and similar manufacturers have kickstarted programs that use real life experience in factories and other entry level jobs to build advanced skills in recent high school graduates. The employees are given the opportunity to earn their way up within the company, eliminating the need for a diploma. Although these programs exist, the underlying issue is most employers’ outlook; to employers, a four year bachelor’s degree signals a multitude of positive attributes: commitment, proficiency in at least one subject area, and self-sufficiency. However, the completion of a training program demonstrates these same qualities and is a more fiscally responsible route to preparedness for a job. Furthermore, expendable courses taken to fulfill the mandatory amount of credit hours for graduation waste time and money. School administrations impose such standards to ensure a sizeable profit, and students in turn are being forced to hand over the majority of their savings for knowledge not relevant to their

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