Historically, college graduates have had a better chance at making more income over time than non-college graduates. Though history can sometimes help us navigate the future, it’s not always a tell-tale sign of things to come, especially in this ever-changing economy.
Recently, there’s been some backlash towards college with some opponents arguing that it doesn’t make financial sense for everyone. I’ve always been a proponent for education, but even I’m feeling a little bit of this sentiment with rising college costs, student loan debt soaring, and a stagnant economy.
But have no fear, there’s a handbook in the works to help returning students decide if college is worth the bother (and cost). Kio Stark is the author of Don’t Go Back to School and grad school drop out who is researching how people learn independently. She makes a strong case for “independent study” which promotes individuals with the organizational skills and passion for learning to do the leg work themselves.
Based on Kickstarter posts and comments, it appears that the first draft of the book is being reviewed by backers. I’m intrigued by this project and feel that it might help guide people in their decision making. I don’t know how much of this book will touch upon the financial aspect of returning to school, but I’m guessing it will be mentioned.
Anyone thinking about returning to school really needs to weigh the pros and cons and realistically predict what job opportunities will be available when they finish. I personally thought I had made a reasonable prediction three years ago when I returned myself, but now think I was being overly optimistic.
Would this handbook assist in your decision? Are you contemplating returning to school?
8 Comments
Right no, college seems like an expensive venture, but it is well worth it in the long term. Most of us will work for 40 years and it does make a difference in the long run. Is this book saying that a college education is not worthwhile for stay at home mothers who may never work? An education does not only have a direct relation to income.
@Krantcents- I don’t think the book is advocating NOT going to college. And I think it is geared more towards grad school options. It’s my understanding that the author is trying to share alternative ideas about how to become educated.
You definitely have to do your own analysis to see if it is worth it in your situation. There are many situations in which it will and won’t be worth it. There are also a lot where it would be borderline. Make sure you analyze analyze analyze!
@Lance – I agree; each person needs to analyze the cost and benefit of their advanced education. It’s hard to predict what will happen 1 – 4 years from now, but optimists can always hope for the best! 🙂
@Lance totally agreed on that.
I think Grad school is usually worth the trouble. You can get a lot more assistance and get a job working at school like TA or research assistance. The tuition deduction will help a lot and you just need to build a rapport with your professors. Make sure it’s the field that you love though…
My day job is in the tech field. I have a Bachelor’s of Science and have decided that a Master’s would likely not be cost effective for me. In fact, I might even educate myself out of a job by doing so!
As for college in general, I truly believe we have passed the point of where it is worth the cost for many students. A college degree alone used to guarantee a financially stable, middle class lifestyle. That’s no longer the case and unless it’s a degree in a math , business or science it’s no longer a no-brainer to pursue higher ed.
There are far too many college grads out there already with a liberal arts degree and $30,000 in student loan debt (or more), working a minimum wage job, if they have a job at all…
Experience counts for a lot. Also, rather than go back to school, maybe get a certification or two if it’s appropriate? Those cost way less than school (usually).