Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Sunday, May 20, 2018 11:45:36 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Is it really worth getting a degree?

photo by

By
04th-Feb-2018       
Comments
Share your thought
Post a comment »
Read all () »

Aubrey Pohl :
Wondering whether it's really worth it to get a degree?  According to The Chronicle of Higher Education's 2015 report, "The Value Equation: Measuring & Communicating the Return on Investment of a College Degree," the answer is a resounding "yes." In fact, people with college degrees earn a whopping 80 percent more than their high school graduate peers during their careers. This amounts to $500,000 over a lifetime! But is it still worth it when you acknowledge the massive debt incurred by many students in pursuit of these degrees?  Let's take a closer look.
Wage Premium = Surging Enrollments
The ever-increasing wage premium has led to skyrocketing enrollments, with the number of undergraduate students rising by more than a third since the beginning of the millennium.
This has corresponded with a spike in academic programs: there are 20 percent more majors today than there were 15 years ago, according to the U.S. Department of Education.
Tuition Woes
Unfortunately, increasing demand has also led to tuition hikes leading some people to wonder whether the high cost of an undergraduate degree is worth it. U.S. President Obama himself decreed that "skyrocketing costs price too many young people out of a higher education or saddle them with unsustainable debt." His goal? To enable students and families to understand the value of what they're paying for in order to maximize their education dollars.
Measuring Outcomes
In the face of pushback against the high cost of degrees along with the call for accountability, college leaders counter that the advantages of a college degree can't be measured entirely by employment rates or compensation. Their argument?
Less tangible factors also contribute, including everything from enhanced civic engagement to better health. Today's colleges don't view themselves as the mere means to a job, but instead as responsible for imbuing students with foundational skills, a love of lifelong learning, and professional goals. While the government continues to prioritize employment outcomes in measuring college success, a paltry 34 percent of college administrators believe career and salary outcomes should be public.
Another important note? With the competition for jobs for new grads higher than ever before, survey respondents cited an unexpected element as the key to landing a job: internships.
While major and coursework do matter to a degree, those looking for an inside edge will find it in an internship. This also explains why so many colleges are offering enhanced career counseling to help students find internships, participate in alumni mentoring, develop professional plans, and ultimately improve their marketability.
All things considered, 80 percent of college leaders believe that their institutions provide "very good" or "excellent" value for the cost, but is this vote of confidence enough? Not to mention that even as they reject job outcomes as a primary consideration when determining post-college success, these same administrators are opting to build out their career services offerings in the years ahead. The takeaway? Thanks to the buy-in of both government official and college leaders -- albeit through different approaches -- ROI on college degrees will become increasingly transparent in the years ahead.
(Aubrey is an educational consultant who has written many articles, speeches, and journalistic pieces. Graduated from Harvard with a degree in Psychology, she has been working within the academic field for the past 10 years. Aubrey is a traveler and also loves writing about travel tips around the world).

Tariff
Add Rate

News Archive

Inside The New Nation

Sports »

Toronto FC forward Jordan Hamilton (22) and Orlando City defender Mohamed El-Munir (13) chase the bouncing ball during the first half of an MLS soccer match in Toronto on Friday.


Sports »

Jordan Spieth watches his tee shot on the first hole during the second round of the AT&T Byron Nelson golf tournament at Trinity Forest Golf Club in Dallas on Friday.


Entertainment »

Raazi`s first week collections become the 5th highest of 2018


Raazi has been sailing smoothly on its journey towards the prestigious Rs 100 crore club and it will be no shocker if the film grosses over it. The cast and crew of the film recently held an event to celebrate the success of the film with the media as well ...

Entertainment »

Kareena says she'll never be on social media


Shashanka Gosh's Veere Di Wedding is all set to bring the gorgeous Kareena Kapoor Khan back to the big screen after a gap of two years. The actress took a break after giving birth to Bollywood's most popular toddler Taimur Ali Khan. Kareena will be seen alongside Sonam Kapoor, Swara ...

City »

BNP Standing Committee Member Dr Khondkar Mosharraf Hossain speaking at a discussion on 'Acceptable Election and Role of the Present Election Commission' organised by 'Nagorik Adhikar Andolon Forum' at the Jatiya Press Club on Saturday.


Editorial »

Myanmar will take back their people: We are unconcerned about the terrorists


AS the monsoon threatens the Rohingya refugees with the outbreak of vector-borne epidemics and diarrhoeal diseases, the repatriation process seems to be getting more and more complex. However, Bangladeshi officials at a meeting in Dhaka on Thursday urged Myanmar to hand over a 'specific list' of members of Arakan Rohingya ...

International »

White House pushes ahead with Mideast peace plan


AP, Washington  :The Trump administration is aiming to roll out its much-hyped but long-delayed Middle East peace plan next month amid signs it may further alienate the Palestinians by slashing millions of dollars in funding for humanitarian and development projects in the West Bank and Gaza.Five U.S. officials and a ...

Editorial »

Don`t ignore the UNHRC`s report : Be respectful to human rights and be with the people


THE UN Human Rights Council (HRC) has adopted a draft report on the human rights review of Bangladesh, with recommendations on taking steps to deter forced disappearances, extra judicial killings, and to ensure freedom of expression in media, politics and religion. During the 30th Session of the Universal Periodic Review ...

Football »

Richet Gomez of Bolivia's The Strongest (left) fights for the ball with Guzman Pereira of Uruguay's Penarol during a Copa Libertadores soccer game in Montevideo, Uruguay on Thursday.


.

City »

Muslim devotees offering munajat seeking divine blessings at the first Jum'a in Ramzan. The snap was taken from the city's Baitul Mukarram National Mosque.


.

Entertainment »

Sonia round the month of Ramzan


Sheikh Arif Bulbon :On the occasion of holy Ramzan, different TV channels are being aired various programmes to focus on the month. From day one of Ramzan popular TV actress, model and host Sonia Hossain has been hosting a daily show titled Lux Style File on Banglavision at 6:45pm. A ...

International »

Kachin civilians flee Myanmar`s `forgotten war`


AFP, Danai :Seng Moon grabbed her day-old baby and fled into the thick jungle, joining thousands of villagers escaping fighting between ethnic Kachin rebels and Myanmar's army, now reinforced by a unit notorious for its brutal "clearance" operations.The insurgency in Myanmar's remote northeast has festered for six decades, but unlike ...

Back Page »

Welcome Holy Ramzan


Abdul Muqit Chowdhury :The Holy month of Ramzan, the ninth month of lunar Arabic calendar, has arrived in our midst. The sighting of the crescent moon has brought with it the fragrance of the golden period of Rahmat (blessings), Maghfirat (forgiveness) and Nazat (salvation). A solemn occasion of complete surrender ...

Editorial »

Bangladesh supports Palestinian's legislative demand


NEWS media reported that Bangladesh is going to attend an extraordinary summit of the Organisation of the Islamic Conference (OIC) in Istanbul on Friday, which will discuss a response to the recent opening of the new US embassy in Jerusalem. The OIC has termed the US move a "clear violation" ...

Cricket »

Disgraced Warner to play Sydney club cricket


Disgraced former Australian vice-captain David Warner will start his road to redemption by playing club cricket with Sydney's Randwick Petersham, officials said. The opener is serving a year-long ban from state and international cricket for his part in a plan to use sandpaper to tamper with the ball during the ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news