fbpx

Latest Posts

Home

Facebook

Twitter

Search
About

Is a four-year degree a good investment?

As the cost of college tuition rises and the national student loan debt crisis continues, making the case that attending a four-year college is a good investment is getting harder and harder, according to a PragerU video featuring Charlie Kirk of Turning Point USA.

From government loans to impressive-sounding scholarships, paying for college sounds like no big deal. But then there’s interest on the loans (double the cost over time), which is a problem later on down the road students don’t always consider. On top of that, a quick glance at most of the majors offered and classes required can end up being a waste of time and money. Then after graduation, students are left with a bachelor’s degree that they can’t put to use paired with crippling debt.

But students—and parents—often believe that a four-year degree is the only ticket to a successful life. And while going to college can be a worthwhile pursuit, it’s not the right path for everyone nor is it the only path that leads to a well-paying and meaningful career.

So, how do we break this paradigm? According to Kirk, there are two solutions that will help us solve this fixation on four-year colleges as the be-all-end-all.

  • Ask yourself if you really need to go to college. There is an expectation that young people need to go to college. But maybe you’re not the academic type and the thought of sitting in a classroom for four more years is not the right fit for you. That’s okay! According to a Georgetown University study, there are 30 million jobs paying over $55,000 a year that don’t require a college degree. Learning a technical skill like welding, plumbing, or a dozen other trades will set you up for a lifetime career, as these skillsets are in demand and employers are desperate for skilled workers.The Center’s study, “No Four-Year Degree Required” highlights many of these in-demand careers in Minnesota that often lead to higher lifetime earnings than those of four-year degree holders.

  • Delay college for a year or longer. Waiting one year before going to college is not going to decide whether or not you will succeed in life, Kirk says. Graduating high school seniors not sure if college is right for them could get a job for that year and learn more about how hard it is to earn a dollar and how easy it is for the government to take that dollar away. That will most likely impact their attitude about college and help them avoid becoming a “passive investor.”

If you are weighing your post-secondary options and would like to learn more about alternative education paths in Minnesota and the successful careers they lead to, sign up for our monthly e-newsletter at GreatJobsMN.com.

Comments

Subscribe

Categories

Upcoming Events

  • Sen. Rudy Boschwitz Presents “Magnificent America”

    Location: Signatures 22852 County Road 17 Winona, MN 55987

    Please join Center of the American Experiment in Winona on Wednesday, September 18th for an evening with Sen. Rudy Boschwitz as he discusses “Magnificent America.” Rudy Boschwitz was born in Berlin, Germany in 1930. Rudy’s Dad came home the day Hitler came to power and told the family they would leave Germany forever. They settled in New Rochelle, New York. He came to Minnesota in September 1963, where he started Plywood Minnesota. Rudy ran successfully for the U.S. Senate, where he served from 1978-1991. Rudy was President George H. W. Bush’s Emissary to Ethiopia. His mission resulted in Operation Solomon,…

    Register Now
  • Morning in Minnesota Breakfast: Alexandria

    Location: Alexandria Golf Club 2300 North Nokomis Northeast Alexandria, MN 56308

    Please join Center of the American Experiment on Wednesday, September 25th at the Alexandria Golf Club for breakfast with Center policy fellow and education expert, Catrin Wigfall, as she explains the Center’s “Great Jobs Without a Four-Year Degree” project. Following her presentation on workforce development issues, Catrin will be joined by a panel of local leaders to discuss how Alexandria can better attract and retain young talent. Wednesday, September 25, 2019 Alexandria Golf Club 2300 North Nokomis NE, Alexandria, MN 56308 8:00 AM Breakfast & Check-in 8:30 AM Presentation 9:30 AM Conclude Free, RSVP Here

    Register Now
  • Fall Briefing Featuring Kimberley Strassel

    Location: Ordway Center for the Performing Arts 345 Washington Street, St. Paul, MN 55102

    Purchase Tickets Here

    Register Now