Unschooling Rules 49 (#unrules49) is, "College is the hardest no-win decision your family may ever make."
John Stossel is adding to the debate, saying college a scam for many: http://video.foxbusiness.com/v/1032356599001/stossel-college-a-scam-for-many/, pointing to high drop out rates and useless curricula.
Another argument is even more simple: the cost of college has outpaced inflation for over thirty years, with no end in sight. Unless you believe that college is infinitely valuable, at some point, necessarily, the cost of college will be greater than what it delivers.
And as with so many school related problems, the wounds are self-inflicted, and often the result of inter-school arms-races. University A "has" to put plasma televisions in the student lounge because University B just did.
One technique to ignore the cost of college for a while has been debt financing. But now a story in the International Business Times has the appropriate headline "Student debt crisis threatens US economy." This shell game may be coming to an end.
Having said that, the value of college degrees are artificially propped up by discriminatory corporate hiring practices. Many of the best entry and even mid-level jobs assume a college degree, despite the dubious connection between the skills bestowed by many colleges and the skills required in the job itself.
If you believe the current situation is unsustainable, given these factors, what do you think will happen:
A) The U.S. government will finance more programs to allow students to pay back debt over longer and longer periods, covering up the problem for another generation?
B) Degree discrimination will become illegal as a hiring practice?
C) Colleges will control and lower costs on their own, as a result of ethics and/or competition?
- Is it legally justifiable for a hiring company to require a college diploma?
- The future is portfolios, not transcripts.