|
Post by badgerhoya on Nov 10, 2023 11:10:38 GMT -5
NY Fed research found that the average liberal arts major earns $37,400 five years after graduation. How can you justify a private college education? Could be a lifetime of student debt without help from parents. Median salary for *all* majors in that study is $46,500 - a meaningful difference, but not an enormous one. The lowest average is theology and religion, which is a good example of how these things can be skewed - those taking vows of poverty will have an impact! www.cnbc.com/2023/02/25/worst-paying-college-majors.htmlAlso, 5 years is an incredibly short time frame when assessing the impact of going / not going to college. Five years after graduating from GU, I was in a completely different profession / industry, and not at all indicative of where I’d be today. Could I have done what I’m doing now w/o college? Unlikely.
|
|
Bigs"R"Us
Platinum Hoya (over 5000 posts)
Posts: 6,641
|
Post by Bigs"R"Us on Nov 10, 2023 12:25:06 GMT -5
Unlike with automobiles, the cost of attending Harvard (Rolls Royce)is not multiples of attending Gonzaga (Kia). Also, students don’t pay by the economic prospects of their majors.
|
|
DFW HOYA
Platinum Hoya (over 5000 posts)
Posts: 5,735
|
Post by DFW HOYA on Nov 10, 2023 13:14:58 GMT -5
Unlike with automobiles, the cost of attending Harvard (Rolls Royce)is not multiples of attending Gonzaga (Kia). Also, students don’t pay by the economic prospects of their majors. Well, this raises a broader question: why can't it? If it costs more to train a pre-med than a nurse, or an economics major over a gender studies major, why not price it differently, or have fewer courses required from which to graduate? If a two or three year degree is all you need, why not? Because the ossified educational hierarchy resists change at nearly every turn. If Oxford, Cambridge, or Harvard didn't do it, neither should they. True innovation (not what passes in academic circles as such) would upend lots of what colleges take for granted, from the context of lifetime employment to a university serving as a de facto landlord, restaurant provider, and REIT, when these have nothing to do with the educational end product. Were a school to seek something different, they would be put back into line by an accrediting agency, which also has no incentive to change.
|
|