Thirty percent of new jobs will only require "an associate's degree or a post-secondary occupational credential," the report found. It recommends a new direction by broadening "the range of high-quality pathways that we offer young adults. This would include far more emphasis on career counseling and high-quality career education, as well as apprenticeship programs and community colleges as viable routes to well-paying jobs."
Another surprising fact that argues against costly colleges and universities that impose heavy financial burdens on students, parents and government is found in a study conducted by The Wall Street Journal. It discovered "U.S. companies largely favor graduates of big state universities over Ivy League and other elite liberal-arts schools when hiring to fill entry-level jobs."
This sounds like a win-win-win. Attend a far less expensive state school and save money; avoid crushing debt that will take decades to repay; and reduce the burden on taxpayers. What's not to like?
Students and parents should have the right to choose when it comes to college, but if they choose a costly private institution, they should assume the financial obligations that go with that choice. Before choosing, they should look at these studies and consider whether in the long run the supposed prestige and expense of a well-known school are worth the cost, especially if the job or career the student wants doesn't require a degree, or worse, that there isn't a job waiting after graduation.
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