Education
- Sunday, May 7, 2023 13:54 (GMT+7)
- 24 hours ago
Degrees offer powerful financial benefits, but Americans increasingly believe they don't.
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Americans feel that a college degree is not worth the money spent. Photo: Pexels . |
A recent survey by the Wall Street Journal and the University of Chicago (USA) of more than 1,000 people aged 18-34 in the US showed that about 56% of adults in this country believe that a 4-year university education is not worth the money spent.
Public skepticism about higher education began to rise after the 2008 recession and has worsened during the pandemic. Enrollment in American colleges is estimated to have fallen by about 15% over the past decade. Many people are opting for alternative certificates or vocational training instead of going to college.
Men and those living in rural areas are the most skeptical about the value of a college degree. This skepticism is widening the gap in higher education. Hundreds of thousands of men have dropped out of college during the pandemic.
Surprisingly, people with college degrees can find jobs with higher salaries and lower unemployment rates. Specifically, according to data released by the Federal Reserve Bank of New York, college graduates who start their careers early can find jobs with salaries of nearly $ 18,000 / year.
Their unemployment rates are also lower. In the first quarter of 2023, the unemployment rate for people with a college degree was 2.1%, while the rate for young workers without a college degree was 6.9%.
The numbers show that degrees bring strong financial benefits, but Americans increasingly believe that they don’t. Part of the problem stems from the “graduation” thing. Only about 70 percent of students complete four years of college and get a degree. Those who go to school but don’t get a degree have a harder time finding jobs.
To address misconceptions about higher education, Forbes suggests that educational institutions need to communicate properly with students and parents. Instead of talking about the field of study in a general, abstract way, schools need to clearly state what the program offers and what benefits it offers.
Second, schools need to change how they help students access careers. Universities often see themselves as institutions of higher learning, but students and parents see them as stepping stones to career success.
The conflicting views between schools and families lead to a lack of investment in career guidance. The reality is that career guidance centers are one of the useful tools to build skills, develop students' careers, and build strong relationships with employers to facilitate students' job search.
Therefore, Forbes believes that universities need to invest more in career centers to attract the attention of candidates.
Finally, schools need to consider the cost issue. The question of “is a college degree worth it?” depends a lot on the cost of attendance.
“How to make college cheaper” is always a difficult question. Schools can cut staff and budgets, but that is difficult and can undermine the spirit of learning and teaching.
Books for people at the door of their career
The Education section introduces to readers a number of books on the topic of careers and career guidance, for young people who are wondering about their career choices or adults interested in career changes in modern society.
Strategy is like a dialogue, opening up life's questions, helping young people proactively orient their careers and create their future.
Eight - 8 ways to master artificial intelligence : "Most of the jobs that civil servants are in charge of will eventually be replaced by artificial intelligence", this book will answer that question.
Thai An
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