I was reading the article in the Georgia Straight yesterday about how the cost of education is rising so rapidly and the government needs to do something about it. I then read through that affording life thread and saw people saying the same thing.
Education is a privilege, not a right.
I'm tired of hearing stories about "Poor me, I'm $30,000 in debt (I'm just using this as an arbitrary number) and I'm going to be a slave to the system for the next 15 years trying to pay it down." Here's what I think: you made a poor investment. If you were smart, you would NOT be putting your money (and let's not forget 4 years of hard effort/lost wages too) into a degree that will put you in this position. Frankly, if you spend that much money on getting a philosophy degree, sweet, but what are you going to do when you graduate, become a philosopher? I hear they make great coin… cough cough. Your degree is only a worthwhile investment if you know that it will pay itself off in the long run. If I was looking to invest $30k (plus 4 years of life!) in stocks/mutual funds, you'd best be knowing I'm going to research them well. I'm NOT going to invest in a mutual fund that I know is going to go belly up in 4 years time.
It's a basic structure of supply and demand.
"Most jobs look for a university degree nowadays when they used to only look for highschool diploma. Starbucks won't hire me without an arts degree!" What does that say? Your university degree is becoming less valuable because it is TOO common. What does that say? You should forgo getting your degree in the first place, it's useless. The market is oversaturated and you're being underpaid for your education. If less people had their degrees, demand for those that do would increase, wages would increase, and tada, your degree would then become worthwhile. Choose something that isn't as common, and it's far more valuable.
University is too easy.
This is why so many people are graduating, which is leading to the cause of the devaluation of your degree, and also causing people to spend $30k on a useless degree instead of $10k and dropping out after 2 years. It sounds harsh, and maybe feels like a waste of $10k, but you have effectively saved $20k and the only thing you're missing out on is (an ostensibly useless) degree. The best people to have these degrees are the creme de la creme intellectuals, in my honest opinion. If little Billy is the next Einstein, but he lives in the hood and can't afford university, there are student loan programs to help him, and if he really is the next Einstein, he'll get a great job when he graduates and easily pay that loan down. Ergo, no financial burden for those who deserve to be at university.
They should stop graduating too many people from these programs which do not have graduates that are high in demand. I'm not too shortsighted to see that if they did this for programs whose graduates are in need (nursing etc) it would be pretty counter productive. If twice as many people failed, my degree when I do complete it will become twice as valuable.
This opens up a can of worms, as I recall reading perhaps a year ago about someone who failed out of law school after first year and sued (!) the school for accepting him in the first place, taking his tuition money and then flunking him out after first year. (The school should've counter-sued him for failing out and thus lost revenue on their part…). Schools are too money hungry to flunk out all those kids, they lose these kids tuition money. That $30,000 debt that Johnny has is $30,000 in the pocket of his school.
I keep reading about how the "real cost of education" is far higher than what I pay in tuition. If this was the case, why wouldn't the schools flunk more people out such that they could save money?
While I agree the general public needs to be better educated, I don't feel this education system is working well at that goal. It's causing financial burden to people with poor foresight instead.
That's my opinion. Is education a privilege, or a right? Discuss.
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