We often come across great information that helps our readers understand the college financial decisions they are facing. Understanding the college value in relation to the selected major and later career is often not investigated fully during the admission selection and not thought about till after a student has started college.
An article in The New Yorker titled: “College Calculus” by John Cassidy raises the question of the real value of higher education. The author delves into the long standing idea that a college degree brings prosperity and a better life. He also explains how supply and demand have changed over the years.
As an example, he states that about seventy percent of current high school graduates will go on to college. It was also interesting to note that one half of all Americans between twenty-five and thirty-five had a college degree. If you look back fifty years ago in this same age group there were fewer than one in ten people with a college degree. What does all this increase mean today?
Even though there are more college graduates today, the author points out that not every graduate is doing a job in their chosen career or even at their education level. This article further clarifies the point that college students should plan on the outcome of college. Just getting a college degree is not the same for every major. This is a great article to share with both prospective and current college students. An open dialogue can help begin the discussion of what your child wants their future life to be. Understanding the new college graduate supply and demand environment may help your family make a better college decision.