This article came through on NASFAA News this morning. It speaks about student loan debt and 'is it really worth it?'
For me, my bachelor's degree got me in the entry-level door in Higher Ed. But now I see, with the Sidler not even having an associate's degree...it doesn't really matter much these days.
I've thought (very briefly) about getting my Master's degree but for what? I have no aspirations to be a 'director' of anything. I can't see anything a Master's would afford me that my bachelor's doesn't...and that ain't much. If this career goes down the toilet, I expect I'll be back in QA/manufacturing or I'll get training in some sort of outdoorsy field.
The times they are a'changin'.
But no one can ever take your education away from you, and I am glad I attended a liberal arts college and was exposed to so much more than just 'you do this to get this job' but I don't know that's a luxury many people have these days.
http://www.policymic.com/articles/33...still-worth-it
Quote:
In looking at 2010 Labor Department data the Center for College Affordability and Productivity found that the pool of new college graduates (41 million) was greater than the number of jobs which required a college degree (28 million). The likelihood of obtaining a job to meet a new graduate's financial needs to adequately pay off the loan is of concern.
A survey by Rutgers University last year reported that half of new graduates said the jobs they have after college do not require a 4 year degree, and only 20% reported that the jobs they had were in their chosen field. The starting salary for new graduates was about 10% less than five years ago; new graduates find themselves underemployed, taking jobs to pay the bills, or opting to go back to graduate school to boost their credentials, hoping to give them an edge in an increasingly competitive market.
With student load debt surpassing $1 trillion dollars and the market being what it is with job creation at a deep low, the necessity for college for all needs to be examined, as do requirements for jobs in the marketplace. Is it worth going into thousands of dollars in debt to get a bachelors degree ... only to land a job as an administrative assistant? It is not worth furthering that debt to get a graduate degree, yet remain underemployed upon graduation.
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