Originally written Oct 4, 2019 but not published to blog until June 17, 2024.
I've long recommended a college education in a field sought after by businesses, usually technical in nature. Once the graduate has worked a few years, go for an advanced degree, usually paid for by your employer. I realize that not all high school graduates want to go to college/ are cut out for college so learn a trade which will usually provide a good living.
Earlier this month a student from Michigan State University (MSU) called for a donation. I graduated from MSU way back in 1966. I asked about the current cost of tuition. When I attended MSU we were on term hours and 180 term hours were required to graduate. MSU went to semester hours long ago so now 120 semester credits are required to graduate. When I went to MSU tuition was $112.00 a term for 12 or more credits or about $1,344.00 for four years. Now tuition is $371.00 per semester hour for the first two years and $406.25 per semester hour for the final two years. This would be nearly $47,000.oo in tuition compared to $1,344.00 in my day.
Inflation, lets check it out. I had a job offer several months before I graduated from MSU, $7,500.00 per year or roughly 5.58 time as much as my tuition for four years. I haven't checked what 2010 grads are making to start out in my field but I'm sure it's not 5.58 times $47,000 tuition. BTW, back in the day (6/1966) $7,500/ year was a good starting salary.
I'm still a promoter of achieving a solid and salable college degree, however, the Return on Investment has sure gone to he##. What happen? I had great teachers in high school and in college, technical degree not a liberal arts degree. I was able to get good paying jobs throughout my career. Back in the day, and IMO, there was a far greater bang for the buck for college tuition. Fold in books, fees and housing and the many students graduating with a not in demand degrees, OMG!
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