Showing posts from March, 2009

Great College Hoax

I have been thinking a lot about what a college degree means in the current recession. My research has led me to question not only the value during a recession, but the value of college in general for some students. The key is some — there is little question that an education pays off in many fields.
The Great College Hoax
Kathy Kristof
Forbes Magazine dated February 02, 2009
Higher education can be a financial disaster.
College graduates will earn $1 million more than those with only a high school diploma, brags Mercy College radio ads running in the New York area. The $1 million shibboleth is a favorite of college barkers.In fact, the Daily Mail (U.K.) found the difference in earnings, at least in the U.K., was less than $222,000, even though U.K. universities often claim students will earn $550,000 (U.S. dollars) more during their careers. Worse, those are averages — meaning some fields earn substantially more. There is a skewing of res…