Fall On Grace
26Oct/1112

Is College Worth the Price Tag?

dollarsign

This isn't a theological subject, but it is an issue that affects college ministry significantly.

I ran across this interesting article about how the increasing cost of higher education is leading to deeper student loan debt for college graduates. Consequently, some are asking whether the education is worth the price tag.

Over the course of one's career, a college graduate will likely make more money than a person without a college degree. But if it takes ten or fifteen years to pay off the loans, is the extra income enough to overcome the cost of the debt? Also, is it worth going into a great deal of debt for a degree that's less likely to pay big bucks (for example, the ones on this list)?

I'm very curious to hear from my readers on this issue:

  • Do you think the price of college pays for itself over time?
  • For those majors that don't produce high-paying jobs, are there non-economic benefits that compensate for the low pay?
  • What other factors ought to be considered in this discussion?

I look forward to hearing your thoughts!

9May/115

Why Your College Major Doesn’t Matter (Much)

popular college major

It's not uncommon for college freshmen (and sophomores and juniors, for that matter) to be stressed about their choice of major. Some stress comes from the belief that one's major will lock a person in to a particular career for a lifetime. Stress can also come from parents who insist that a student should major in nuclear engineering when she really wants to pursue psychology.

I recently ran across a short article from the New York Times suggesting that one's choice of college major makes little difference in employability, earning potential, or even career choice. My own experience seems to anecdotally confirm that article's conclusions.

I was a mechanical engineering major in college, but by the time I was a sophomore I knew I didn't want pursue a career in engineering. I finished the program, though, since changing majors would have cost me valuable time. I decided it was better to finish in four years with an engineering degree than in five years with a communications degree. Most seminaries didn't really care about my major too much, anyway.

My younger brother was a psychology major; now he's a software developer.

None of my three college roommates are now working in their field of study.

Most of us change careers several times, and many never even take a job in their chosen field of study. Studies show that employers are much more concerned with your communication skills, experience, and GPA then they are with your major. There are some fields, engineering for example, where a related major gives you a distinct hiring advantage. But even in those fields your major is not always a deal-killer.

So is a college education a waste of time? Is there any importance to your classes and your choices about your major?

What do you gain from your time in college, and how does your major make a difference?

College teaches you to study and to think analytically. Regardless of your major, your classes teach you to find information and to critically evaluate it. These are essential skills in any highly skilled job, whether you're an engineer, architect, or English teacher.

College reveals your work ethic. This is why many employers value your grades above your major choice. You don't have to be the smartest one in the class to get a decent GPA -- you just have to work harder than most people. In fact, GPA is strongly correlated to future earning potential, to a much greater degree than SAT scores or college major choices. I'd rather employ a hard worker with a modest intellect than a brainiac who spends his days playing Halo 17.

College provides a chance to explore what you enjoy and what you excel at doing. The reason many students change their major repeatedly is because they are trying to discern their strengths and weaknesses and their loves and hates. (Of course some switch because they're hoping for an easier road -- see the point above in that case). That process of learning often continues after college. Few people are in the exact same career at 50 as they were at 25, especially in this day and age of rapid technological change.

So what to do? Choose a major that you enjoy and that might lead to a job where you can use your gifts and abilities in God's service (Colossians 3:23). Choose a career path in which you can heartily and joyfully work for the Lord's glory. And don't worry to much about "the rest of your life" right now -- most people in their 30s and 40s don't even know what they will be doing for the rest of their lives. Prayerfully and faithfully pursue the path God has for you now, and trust Him to lead you each step of the way.

[Image via http://idaconcpts.com/2010/10/25/most-popular-college-majors/]