Summary: The College Bubble

One of the biggest complaints about a college education is the large price tag that comes with it. A national survey found that 75% of adults in the U.S. think that college is too expensive to afford, showing that a majority of the people in the U.S. agree that colleges should lower prices (Source F). As Source A says, college is about learning but the goal in life is to earn a living (Crawford). This means that while you need to earn a living, college isn’t the only route you can do so. There are careers that don’t require education beyond high school and you can still make a respectable income. It’s easy to see that not enough people realize you don’t need a college degree to get a good job.

In his Essay “Are too many people going to college,” first published in a 2008 issue of AEI, Charles Murray explores many insights onto the topic of furthering education as well as exploring various other options to pursue after high school. Who exactly would think that too many people are going to college? Well with more and more students flooding campuses at the end of every school year and less and less going into trade schools, a shift in the job market is just beginning to be seen on the horizon. Charles Murray’s essay “Are too many people going to college” shows that not only are there other avenues to pursue a potential life long career, but that much of the time pursuing these avenues may offer better results for some wanting to go to college.

679). As Rampell mentions in her essay, college graduates may be able to get a job after graduating, that doesn't necessarily mean that it will be a "good" job (pg. 677). In my opinion, college is not worth investing thousands of dollars into a degree and acquiring a mountain of debt, only to work at a low paying, low-skill required job upon graduation. I think that most of us college students work tirelessly studying and investing our time, energy and money to secure our futures as what we choose to be in our desired fields of study. If the outcome is that we may likely end up working a minimally satisfying job outside of our studied interests, then what is the point?

In society today, a college education is often seen as a “the next step” in a young adult’s life. Whether they actually know what they would like to earn a degree in, they feel the need to continue their education as almost everyone around them is pursuing post-secondary education of some sort. It is often argued that a college education is not necessary to get ahead because of the manufacture based workforce that is up and coming in America, however, there are many benefits to having a post-secondary education such as a higher rate of pay and more job opportunities.

In the essay “College Value Goes Deeper Than the Degree” author Eric Hoover claims a college education is important to one 's well-being so they can get a job and be productive in other parts of life. Promoters of higher education have long emphasized how beneficial college’s value and its purpose. Many believe the notion that colleges teach students are life skills to apply anywhere, they also work hard to earn a degree and learn specific marketable skills which they can use to get a good job. Though obtaining a college education and a degree is helpful in countless of ways, it is not necessary to pursue a college degree in world where a college degree is seen different now, people without turn out fine, the growing average of debt that students who attend college have to pay off and people without a degree can obtain many jobs that do not require college degrees.

Over the past decade, it has become evident to the students of the United States that in order to attain a well paying job they must seek a higher education. The higher education, usually a college or university, is practically required in order to succeed. To be able to attend these schools and receive a degree in a specific field it means money, and often a lot of it. For students, the need for a degree is strong, but the cost of going to college may stand in the way of a successful future. Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job

The topic of “Are Too Many People Going to College?” was presented by Charles Murray, the W.H. Brady Scholar at the American Enterprise. In today’s world college is a must due to many employers seeking educated individuals. Murray develops an interesting conversation by demonstrating that many high school graduates who are seeking to go to college do not need a degree depending on their career paths. Murray provides the analogy of a high school graduate who is looking to become an electrician but is not sure if college is the most logical decision. Murray acknowledges the fact that a B.A. does not necessarily led to a higher income than one with a degree. The logical argument of money is brought to attention and is stated “the income for the top people in a wide variety of occupations that do not require a college degree is higher than the average income for many occupations that require a B.A.” (Murray 247). Although this is his main point, he understand that it varies due to the occupation one is leaning towards. There has been individuals without a college degree that are making millions of dollars, but it varies. Murray claims that getting a B.A. is going to be the wrong economic decision for many high school graduates (Murray 246); however not everyone wants to be an electrician or any other hand held jobs that doesn’t necessarily need a degree, but if one wants to be a lawyer, doctor, or anything require a degree, college is the answer. Having a degree in a

As touched by Barone, it can be inferred that the many attempts to aid American people was one of many causes to this situation. Furthermore insinuating that the amount of government intervention may as well caused this college bubble. Things such as the federal grant program which “…gives money to state and local governments to spend in accordance with set standards and conditions” and also the foundation of School Program which funds “… programs for public education in the state of Texas” must be carefully supervised (Scott 361). It is essential that the government takes action to take care of its people, but there must be an extent. The college bubble has been predicted to pop for some time now. The situation has gotten so bad that the “…total college enrollment has fallen by 1.5% since 2012” (Vedder and Denhart). The price is increasing at a substantial rate and it seems like it is not slowing down. “Even more alarming than the rate of tuition growth is the blistering increase in total outstanding student loans, which grew 511% since 1999 to $1 trillion” (Piereson). One trillion dollars is an enormous amount of money and is way too high for loans lent out. At this rate, there will be no money to give out since there is not more money to lend. Even though

The rise of college tuition along with room and board have lead many to believe that college isn’t worth the money. This among with the other factors of how getting a job into society is more difficult and that a college degree no longer competitive due to the high abundance of them. On the other side, many others urge the importance of a degree. They bring up how more jobs today require degrees, the return investment, and many other things.

In Glenn Harlan Reynolds broadside response, The Higher Education Bubble, he writes that the costs of college is rising year after year. Many families are putting themselves into unnecessary debt in order to send their students to college. This pattern has repeated many times throughout the years and Reynolds refers to this as a higher education bubble. Students feel that because everyone else is going into debt it must be okay. In many cases, colleges are not helping the matter. They see that there are those desiring a higher education and are willing to do anything to attain what they (the college) has to offer. By and large they are not improving what they offer. They are not as concerned about the education as they

“College Prices Soar Again!” “Budget Cuts Cause Even Higher Tuition!” “Higher Education Now Even Less Affordable” These are all statements that have been seen all over the media: newspapers, magazines, television, and radio. (3 SV: SV) Rising college tuition in America has been a problem for years. Many students drop out after a single year due to the pricey costs of tuition. The rapid rise can be attributed to many aspects of the economy, not just a single source. There have also been some propositions of how costs could be lowered, but these have yet to be seen. The United States has gone into a tuition crisis.

Many students today look towards the future scared and frightened debating their future, all of them asking the same question. Is a college education truly worth the cost and the amount of debt that a student acquires over a four-year period? Many ask what are they doing this for, a piece of paper called a degree. That’s what the articles “Five Reasons Why College is Worth the Cost,” written by Reyna Gobel and “Is College worth the cost? Many recent graduates don’t think so,” written by Jeffrey J. Selingo both address. The articles take different standpoints and views on the topic. Gobel’s article siding with the view that college is worth the cost. While Selingo’s article argues that college is not worth the cost.

Although college tuition is a lot nowadays, graduates are “far less likely to be unemployed than non-graduates.” (D) A college degree gives you a higher chance of getting a job to assist in securing the future of you and your family while also helping paying off your financial obligations. A college degree not only helps you obtain a job, but it also increase your income. “Construction workers,police officers… make significantly more with a degree…“(D)

Since we were young, we 've been told that with hard work and determination in high school we would one day make it to college. Once there, if we succeeded with graduating, we 'd get a degree which would lead to a well paying career that would allow us to invest in our future. With college debt now leading in the nation 's debt with the growing amount of 830 million dollars, we are stuck asking. Why is the college-loan system failing? The College Bubble was a term used to explain the effect of the nation 's current financial crisis and college tuition constantly on the rise.

College is a great place for many to experience new things and to further education. However, college is not for everyone. According to the film Ivory Tower, college teaches people valuable skills such as networking with peers and extensive knowledge. College also provides students, upon graduation, with a degree and proper credentials. Based on a survey done by the Pew Research Center; the article “The Rising Cost of Not going to College,” states that “economic analysis consistently find that college graduates regardless of generation are doing better than those with less education,” this shows that there is a reasonable gap between a college degree and a high school diploma. On the other hand, it may not be worth the rising costs. Carolina Bird, author of “Where College Fails Us,” mentions in her article “in the current slowdown it has become evident that there were never, and probably never will be, enough jobs requiring higher education to go around,” (59-60) this shows some people's job outlook may not be aligned with their major. Jeffrey Selingo’s article “Is College Worth the Cost? Many Recent Graduates Don’t Think So,” says that “nearly half of college graduates in their 20s are underemployed, meaning the jobs they have do not require a bachelor’s degree,” this brings up the possibility of college not being beneficial to many. College can be needed because of higher salaries after graduation and providing people with the tools to succeed. On the contrary, going to