MrNoggin.com
    • Home
    • Tech
      • Best Antivirus Software
      • Cloud Storage and Backup
      • File Sharing Options
      • Fitness Trackers
      • Internet Phone Options
      • Jobs Search and ATS
      • Messaging Services
      • Tax Software Comparison
      • Tracking Shipments and Packages
      • Two Factor Authentication (2FA)
      • Payment Apps and Processors
      • Background Checker
      • VPN Providers Compared
      • Best Cell Phone Plans
      • Best GPS Trackers
      • Laptop Buying Guide
      • Top Home Security Systems
      • Video Conferencing Software
      • Website Building Services
      • Identity Theft Protection
      • Affordable Solar Panels
    • Finance
      • Compare Personal Loans
      • Compare Credit Cards
      • Compare Checking Accounts
      • Best Car Values for Donation
      • Best Pet Insurance
      • Cryptocurrency Trading Platforms
      • Compare Refinance Options
      • Find Homes For Sale
      • Renters Insurance
      • Gold Investing
    • Find & Compare
      • Compare Antivirus Software
      • Two Factor Authentication (2FA)
      • Cloud Storage and Backup
      • Messaging Services
      • VPN Providers Compared
      • Diabetes Help and Info
      • Hepatitis Help and Info
      • Skin Rash and Itch Relief
      • Arthritis Pain Relief and Symptoms
      • RV and Camper Guide
      • Compare Senior Living Options
      • Health Insurance Compared
      • Online Psychology Degree
      • Online Nursing Programs
      • Emotional Support Animals Letters
      • Contact Lenses
      • Hair Loss Treatments
      • Affordable Dental Implants
      • Invisible Braces Buying Guide
      • Meal Delivery
    MrNoggin.com

    Home»Education»Degrees of Value – Making College Pay Off
    Education

    Degrees of Value – Making College Pay Off

    Facebook Twitter Pinterest

    In the field of higher education, reality is outrunning parody. A recent feature on the satire website the Onion proclaimed, “30-Year-Old Has Earned $11 More Than He Would Have Without College Education.” Allowing for tuition, interest on student loans, and four years of foregone income while in school, the fictional student “Patrick Moorhouse” wasn't much better off. His years of stress and study, the article japed, “have been more or less a financial wash.”

    “Patrick” shouldn't feel too bad. Many college graduates would be happy to be $11 ahead instead of thousands, or hundreds of thousands, behind. The credit-driven higher education bubble of the past several decades has left legions of students deep in debt without improving their job prospects. To make college a good value again, today's parents and students need to be skeptical, frugal and demanding. There is no single solution to what ails higher education in the U.S., but changes are beginning to emerge, from outsourcing to online education, and they could transform the system.

    Though the GI Bill converted college from a privilege of the rich to a middle-class expectation, the higher education bubble really began in the 1970s, as colleges that had expanded to serve the baby boom saw the tide of students threatening to ebb. Congress came to the rescue with federally funded student aid, like Pell Grants and, in vastly greater dollar amounts, student loans.

    Predictably enough, this financial assistance led colleges and universities to raise tuition and fees to absorb the resources now available to their students. As University of Michigan economics and finance professor Mark Perry has calculated, tuition for all universities, public and private, increased from 1978 to 2011 at an annual rate of 7.45%. By comparison, health-care costs increased by only 5.8%, and housing, notwithstanding the bubble, increased at 4.3%. Family incomes, on the other hand, barely kept up with the consumer-price index, which grew at an annual rate of 3.8%.

    Click to read more at the WSJ.com

    *By: Stephen Webster
    *Date: Jan. 15, 2014
    *Source: WSJ.com – https://online.wsj.com/news/articles/SB10001424052702303870704579298302637802002

    College Degree Credit Education Finance Online College Pregnancy
    Next Article 20 Crazy Facts About Dreams

    Related Posts

    How Employers View Your Online Bachelor’s Degree

    Education

    My Valuable, Cheap College Degree

    Education

    List Of Top Online Bachelors Schools

    Online Colleges

    2014 Best Online Programs

    Online Colleges

    List Of Top Online Graduate Schools

    Online Colleges

    Compare Online And On-Campus Programs

    Online Colleges

    Comments are closed.

    Categories
    • Home
    • Tech
      • Best Antivirus Software
      • Cloud Storage and Backup
      • File Sharing Options
      • Fitness Trackers
      • Internet Phone Options
      • Jobs Search and ATS
      • Messaging Services
      • Tax Software Comparison
      • Tracking Shipments and Packages
      • Two Factor Authentication (2FA)
      • Payment Apps and Processors
      • Background Checker
      • VPN Providers Compared
      • Best Cell Phone Plans
      • Best GPS Trackers
      • Laptop Buying Guide
      • Top Home Security Systems
      • Video Conferencing Software
      • Website Building Services
      • Identity Theft Protection
      • Affordable Solar Panels
    • Finance
      • Compare Personal Loans
      • Compare Credit Cards
      • Compare Checking Accounts
      • Best Car Values for Donation
      • Best Pet Insurance
      • Cryptocurrency Trading Platforms
      • Compare Refinance Options
      • Find Homes For Sale
      • Renters Insurance
      • Gold Investing
    • Find & Compare
      • Compare Antivirus Software
      • Two Factor Authentication (2FA)
      • Cloud Storage and Backup
      • Messaging Services
      • VPN Providers Compared
      • Diabetes Help and Info
      • Hepatitis Help and Info
      • Skin Rash and Itch Relief
      • Arthritis Pain Relief and Symptoms
      • RV and Camper Guide
      • Compare Senior Living Options
      • Health Insurance Compared
      • Online Psychology Degree
      • Online Nursing Programs
      • Emotional Support Animals Letters
      • Contact Lenses
      • Hair Loss Treatments
      • Affordable Dental Implants
      • Invisible Braces Buying Guide
      • Meal Delivery
    Categories
    • Celebrity
    • Education
    • Featured
    • Funny
    • Online Colleges
    • Relationship
    • Slideshow
    • Home
    • Terms of Service
    • Privacy Policy
    • About Us
    • Contact
    • Do Not Sell My Personal Information
    © 2023 by MrNoggin.com

    Type above and press Enter to search. Press Esc to cancel.