Better than asking "is college worth the cost," and getting into ROI calculations per major is asking "could we provide a similar (or better) educational and social experience at a fraction of the cost"? To that the answer is yes.
Many (most?) people go to college primarily for the piece of paper, not for the educational and social experience.
Americans no longer see four-year college degrees as worth the cost
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Re: Americans no longer see four-year college degrees as worth the cost
#421 in 8 incoming freshmen at UCSD (a leading institution in the states) cant solve "x + 5 = 3 + 7"... Why would I pay 30k a year or whatever it is to get a degree from somewhere like that?
8.5% of incoming freshmen place in Math 2. 25% of a class of Math 2 students could (EDIT: couldn't) answer 7+2=_+6
8.5% x 25% is about 2%, so 1 in 50.
Re: Americans no longer see four-year college degrees as worth the cost
#43Employers just hire experienced h1bs instead, they won’t leave after being trained, no reason to hire an American
Re: Americans no longer see four-year college degrees as worth the cost
#44I feel the same fallacies happen with money and degrees: - People with more money live better lives, so let's just print/hand out money and everyone will live a better life! - People with college degrees live better lives, so let's just push more people through college and everyone will live better lives! In both cases, of course, completely missing the underlying reasons money/college degrees provide(d) better lives…
Consider the contraposition. • Poor people live shorter, unhealthier lives. • Without a college degree, your employment options are diminished. It's fine to trash "handing out money" or "pushing more people through college" but then what is left is: there's nothing we can do for poor people.
Re: Americans no longer see four-year college degrees as worth the cost
#45My kids will still go to a four-year university, but for the education and experience, not for any vocational aspirations. I have no delusions about the marketability of an undergraduate degree. A happy side effect of that university degree was a more rounded education, which now many young adults will be missing out on. The downstream effects could be catastrophic.
> A happy side effect of that university degree was a more rounded education, which now many young adults will be missing out on. Absolutely! So many people bemoan taking general Ed classes, but knowing the basics about economics, literature, science, art, math, history is valuable if you want to think critically about the world.
Sure if that is relevant to what your goals in life are. I chose to get an education that was tightly coupled with the outcome I wanted.
Re: Americans no longer see four-year college degrees as worth the cost
#46Re: Americans no longer see four-year college degrees as worth the cost
#47Offering education to more and more people via reduced cost mass online courses, lowering entry requirements or similar approaches will only erode the signalling value of a degree further.
Re: Americans no longer see four-year college degrees as worth the cost
#48Employers just hire experienced h1bs instead, they won’t leave after being trained, no reason to hire an American
Re: Americans no longer see four-year college degrees as worth the cost
#49Employers just hire experienced h1bs instead, they won’t leave after being trained, no reason to hire an American
The h1b program can essentially be eliminated tomorrow. Trump could theoretically make h1b visas non-transferable, charge a high annual renewal, etc.
Re: Americans no longer see four-year college degrees as worth the cost
#50Earlier quoted context omitted.
The quality of an education isn't proportional to the amount of money spent; learning is remarkably cheap if a school wants to focus on outcomes. There's a bit of give in where the teacher sits on the bumpkin-genius scale (although even then, the range of salaries isn't that wide in the big picture). Although forcing the funding to go through a collective rather than letting people choose a school and pay on in indiv…
The school system is downstream broader social issues here. It can be shockingly expensive to deal with the various behavioral problems that disproportionately impact students from lower income communities. Students from stable homes with available and invested parents practically teach themselves.