Day 869 of 1000
Betty Blonde #35 – 09/03/2008
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Here is a great article in the Wall Street Journal on the education bubble. The say all the normal stuff: 1) Education costs too much, 2) people get degrees in fields where there are no jobs, 3) too many people who should learn a trade go to college instead and 4) not enough people are getting STEM degrees. There is some good news in all this. College has gotten so expensive that fewer people are going. Tuition has actually dropped at a number of well known schools which has led to good results–more revenue because more students could attend. I do know whether more students is a good thing or not. I am completely on board with the WSJ’s recommendation.
America’s higher education problem calls for both wiser choices by families and better value from schools. For some students, this will mean choosing a major carefully (opting for a more practical area of study, like engineering over the humanities), going to a less expensive community college or skipping college altogether to learn a trade.