Is College Education Worth It?

1366 Words Apr 23rd, 2016 6 Pages
Is College Education Worth It?
Have you ever wondered how much some of our nation’s top college presidents are paid? If not, then the CNN documentary Ivory Tower is a good starting point.
The continual increase of college tuition and student loans has made headlines in the news recently, mostly because of the alarming amount of student debt in the United States. According to the College Board, in 2010, students graduated from college owing an average of $25,250 in student loans; the highest amount ever. Needless to say that we are way pass this amount as of January 2016. As it stands, student debt is more than $1.2 Trillion dollars, higher than both credit card debt and auto loans. It is thus, not surprising that the issue of the cost of
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About 260,000 people countrywide with a college or professional degree made up to or below the federal minimum wage of $7.25 an hour in 2013 (U.S Bureau of Labor Statistics). For an individual living on pay cheque to pay cheque, paying bills from such earnings is almost impossible talkless of saving up to pay outstanding student loans. More telling, however, is that, even a degree from some of the elite schools around, the likes of Harvard, Yale does not guarantee one a good paying job. In fact, more often than not most graduates from these elite schools find themselves in jobs that they are not satisfactory. Research conducted by Liu, Thomas, and Zhang concluded that job satisfaction decreases as college selectivity increases and that contrary to popular belief, graduating from the most exclusive schools will not necessarily lead to greater job satisfaction. Some of the reasons to this phenomenon are almost self-explanatory. A Harvard graduate, for instance, will generally hope and expect to get himself a satisfying and lucrative job. However, and disappointingly so, this is not generally the case. Yet, these schools are the most expensive in America. Why then, should a person pay exorbitant fees and yet, does not get a value for his money? Most people would say is not worth the investment.
Hardly a day goes by where we don’t read or hear about the student loan crisis in the United

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