Sadly, some people blindly believe that a college degree is the recipe for success. We hear about people who get one or more degrees that they never even use, which can be a significant problem for anyone without the financial independence to pay for it.. Even for students who will benefit from a college education, the cost of that education should be considered compared to the future salary. Graduating with large debt can delay many life decisions and put off potential life partners.
This high demand for a college education has caused the dramatic increase in education costs, because of natural laws of economics of supply and demand. Now there are growing problems with the expectation of going to college, for-profit colleges are abusing this assumption to make money off of hard working people, students (including some PHD’s) are still not able to find a job because of oversupply, and even regular people accumulate a debt load that takes a lifetime to repay when students do not analyze college costs to future salary.
1) not all jobs require a college education, although every person can improve their work performance with more education. Especially for low income jobs, if everyone gets a decent education they will not be happy working these positions. So we should identify people with the personality to perform well in these positions (such as those who would not do well in school and enjoy the low responsibility lifestyle) and provide them skills training for these types of jobs. I believe these jobs should allow people to earn a minimum standard of living for that locale.
2) Not all people require college to achieve a good education, some people have the self motivation, curiosity, and tenacity to educate themselves. So when Steve Jobs, and Bill Gates, and others say college is not required for success, they are right; for some people.
We should not blindly believe that a college degree is a guarantee for success, or long term financial security. Its the right thing for many people, who carefully choose the university and the topic of study. I believe education is the most important thing in the world, but I don’t believe that a college program is the only way to be educated, nor do I think it’s the most economical way.
I think part of the problem is that people want more, we believe we’re entitled to more, and we spend money on items that are not necessary instead of focusing on the items that provide that minimum standard of living. How many people purchase more clothing than they actually need, expensive jewelry or forms of entertainment instead of healthy food or educational items to improve our own survival? Because that is our standard in Western Society to enjoy a life of luxury.