Any education is good but the "college degree" assumption is not valuable if you examine the truth of current facts. I recently examined the cost and value of my college degree and came to the conclusion that it is not worth the monetary value I traded to get that shiny piece of paper. Now many would argue that sit in a tenor-ship in a university and lecture a class, a whopping 3 times a week from pre-structured PowerPoints. Albeit some professors are better than others but to me it seems like a sweet "gig."
Job Placement in General (of the recent educated)
I fall into the category of recent young graduates within the last 4 years. Currently 50% of college graduates fail to find a job that pays 35k+ within a significant amount of time, and many work multiple jobs until they discover networking and nestle themselves into an organization.
College Debt Soars
With our national trend of accumulating debts that cannot be paid back in a timely manner or even at all. Now the avg. student loan debt is around 30K but this is including associates degrees as well which skews the number significantly for 4 year degrees, most 4 year degrees = 60-80K of debt. In my case, including my flight costs, I left a certain University with over 100K in hard earned debt. Now consider the prime-rate on federal loans has nearly been doubled (thank you Mr. Obama). If a student makes the minimum payment over a 20 year term that investment of education seems to have some rather large financial consequences.
Higher Education Reality
You are required to take 125 credits. Some classes are good but some include some crap you will never use or even recite again. Sure there is a good time in college and you get to "find yourself," create a path, etc etc... Well why do you have to pay for that?
When you graduate or enter the real world, like any other job you need experience. Well how do you get experience? I think anyone would always hire someone with experience over a degree, if they value common sense.
Real value and education comes from a person's will to learn and apply what they have learned for the future. This is what forms an adult that can make informed decisions, not a piece of paper.
Instead of pampering our children with a false guarantee to get a job because they have a degree, why don’t we instill a hard work ethic in them and the will to explore and learn? Rather than scare them into thinking they need an erroneous piece of paper that is feeding the green monster in the USA's financial sectors.
Personal Biased Conclusion
I have had a recent experience of traveling around the world through some of the richest parts of the world and some of the poorest parts of the world. When you strip away all of the Bull$%&t and actually look at things for what they are; then you can solve problems, see the real issues, and make organizations better or grow them.
Any employers on here want someone that can solve problems? Do emploers prefer a person that has a self-entitled Master’s Degree?
Instead of going to grad school, I traveled. How many masters degrees out there teach you to get into "local only airports," sit with the CEOs of companies for coffee, or sit in on a meeting with an Oil Company considering contracts for an off-shore oil contract (most people do not even know that they drill in that part of the world)?
If I would take out a loan again; I would travel, get a helicopter rating, and educate myself on things that pertain to my path.
I must apologize to rant about this topic but I really wish I did not have a college degree. It sickens me to see people feel they have to have one. The assumption or notion that a helicopter pilot should have a degree is absurd. Look at the airlines!
"Hi, I have been a regional pilot for 2 years, I have 100K in debt, and I just got a raise to 27K! I can now purchase the larger packs of roman noodles!"
See cultures, see the world, realize you live in a bubble, and learn to adapt because the US might change in the next 20 years significantly. More importantly, if you’re in a specific skilled trade, kind of like a helicopter pilot,..then learn that trade and be grateful for people that give you opportunities rather than try to impress them with a shiny piece of paper.
Safe Flying Friends.