U.S. College Education Isn’t Worth Price

Discussion in 'Economics' started by turkeyneck, May 17, 2011.

  1. May 16 (Bloomberg) -- Higher education fails to provide students “good value” for the money they and their families spend, more than half of U.S. adults said in a survey.

    The debate over higher education’s value “has been triggered not just by rising costs but also by hard economic times,” according to a report released yesterday by the Washington-based Pew Research Center. The organization, an independent research group funded by Philadelphia-based Pew Charitable Trusts, surveyed 2,142 adults, aged 18 and older, from March 15 through March 29.

    The survey follows a call by President Barack Obama for the U.S. to achieve the highest college graduation rate in the world by 2020. The U.S. now ranks 12th among 36 developed nations, according to a report last year by the College Board.

    In the poll, 75 percent of U.S. adults said college was unaffordable for most Americans, and almost half said that student loans had made it harder to pay other bills.

    At the same time, 86 percent of college graduates said that it had been a good investment for them personally. College graduates said they earned an average $20,000 a year more because of their degrees, a figure that closely matches U.S. Census Bureau data, the survey found.

    The report included a separate survey of 1,055 college presidents that was designed by the Pew Research Center and the Chronicle of Higher Education. That survey, conducted March 15 through April 24, showed concern about diminishing higher education standards and quality.

    Some 58 percent of college presidents said public high school students arrive at college less well prepared than their counterparts a decade ago, according to the survey. Just 19 percent said the U.S. system of higher education is the best in the world, and 7 percent said they believe it will be the best 10 years from now.

  2. Roark


    Just like training at a prop firm, not worth the money.
  3. zdreg


    it is a scam to make the unemployment rate look lower.
  4. kipster


    i hear stories of oversea kids paying double tuition to get into private schools...bribery?
  5. Which private school? In the USA?
  6. There is generally a higher price for foreign students because the native students are often subsidised.
  7. Private HS or University? I never heard of any private university in the USA charging foreign students double. In state U, students from out of state pay an arm and a leg.
  8. if you got one of those dumbazz prof, then you could learn a lot more from Internet than him.
  9. piezoe


    In the US, there is no requirement that one study at a college or university. Why does anyone who does not think the effort and money needed is worthwhile bother to go? Just go ahead and have a nice career at McDonalds or selling real estate. Or possibly become a wealthy bore like Donald Trump. I assume he has some kind of a junior college education, but it is certainly not needed to do what he does as a promoter. One can always become a stock trader, bus driver, rapper, or basketball star. None of those jobs require a college education. In fact there are no formal education requirement at all if you want to be a trader.
  10. zdreg


    trump is a bore? he gets paid 3m/show for celebrity apprentice.. tell me again he is a bore.

    US hospitals also charge a full and inflated rate to foreigners.
    #10     May 18, 2011