A recent study found the cost of attending college — with inflation factored in — has risen 439 percent between 1982 and 2007. Sounds like some promising news in a newly confirmed recession, right? While our nation’s universities keep cranking out graduates and raking in tuition dollars, its graduates are forced into a limited-job economy with a mountain of debt gnawing at their heels. You would think the student would be the one to benefit in college, but it seems more like the university and banks pushing loans are the real winners.
A high school graduate generally faces two options after graduation. It’s like the game of Life, but instead of the career or family choice, it’s the crappy job or debt-filled college choice. Make your choice wisely because both routes may not get you anywhere in today’s economy.
A high school diploma 50 years ago could secure a profession lucrative enough to support an entire family. Today, a high school diploma can get you a dead-end spot in the service economy. The amount of higher education available has simultaneously raised the bar for job requirements and increased young people’s debt. A bachelor’s degree has essentially become the new high school diploma and every semester college graduates are confronting that reality in the job market.
Years ago, a college degree was more than enough to stand out in a crowd of applicants. College was a privilege and a rarity. In today’s job market a college degree is assumed, and God forbid you don’t have one, your options get significantly slim.
Educating America’s youth is definitely not the problem though. Education has always been important in our society, but never before has such a manipulative system infiltrated that process and contradicted the purpose.
Kids opting for the college route and seeking more opportunity and higher pay must enroll in college and borrow large sums of money to later become competitive in the job market. Universities benefit from a higher demand for education, banks benefit from passing out loans like cookies to first graders, and students become toys in the claw machine just waiting to get picked. The student has essentially become an investor in universities and banks, while he has put permanent red numbers in his checkbook.
Part of this problem will never be corrected. The notion high school graduates would, for some reason, boycott college is absurd. Everyone makes personal moves to advance themselves as much and as wisely as possible. The choice to avoid education is obviously more stupid and ridiculous than taking on debt; however, college can no longer be four-plus years of trying to figure out what the hell you want to do with yourself.
Either universities are going to drastically lower tuition rates (which will never happen) or students need to enter college with a career choice already made. The only way to stand out in a pool of applicants is to be the person wearing all the medals. College can no longer be a place of experimentation and discovery; it now has to be a job in and of itself if our generation is to position itself to succeed without years of loans to pay off.
As a senior, my hindsight is 20/20; I wish my foresight had been the same. But, for those still with years of education ahead of them, the time to put down the bottle and pick up a book is now.
Ben Patterson ([email protected]) is a senior majoring in political science.





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“In today�s job market a college degree is assumed, and God forbid you don�t have one, your options get significantly slim.”
Read the “Millionaire Next Door”, most of them don’t have a degree. Many would be better off substituting learning a skilled trade for the time and effort of college, and using the tuition as capital to start a business.
The majority of college graduates will end as cube dwellers (or worse) living lives of quiet desperation as spend their lives paying off a crushing debt burden. You can walk away from a sub-prime mortgage on a house you can’t afford and never should have purchased, a house that’s worth less than you paid for it. It’s not as easy if you end up owing far more than your degree is worth.
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Are you trying to make the argument that an increase in college educated people is a bad thing? Obviously there are problems when you raise a nation’s college enrollment rate from 20% to 50% over a span of forty years, but these are countered with the obvious benefits of an educated society. Now, instead of just the one-fifth of ppl who could afford going to college, you have an additional 30% who can’t afford it but can take advantage of student loans (with the best rates of any loans) and get educated. Its more advantageous to have a college degree and have to pay off a lot of debt than to never have attended college at all.
This new situation does mean that the job market is becoming more competitive, but this is a good thing; capitalism in action. It forces us college kids to not fool around with are education, take it seriously, and thus become productive members of society. So while it seems you lament that its “time to put down the bottle and pick up a book,” this is a great thing. Picking up a bottle doesn’t help society, reading will.
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“Its more advantageous to have a college degree and have to pay off a lot of debt than to never have attended college at all.”
Advantageous to whom? The suppliers?
The left side of the bell curve will never benefit from college, at least not the college of today where picking up the bottle seems to be the main objective.
The idea that college is required to be a productive member of society is complete BS.
“Its more advantageous to have a college degree and have to pay off a lot of debt than to never have attended college at all.”
Tell that to the MFA with the crushing debt burden who will never be able to afford a house or be able to support a family.
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here’s a solution:
Cut back on the number of kids that are ALLOWED to go college. That’s right ALLOWED. College should be a privilege, not a right. There’s simply too many people in college right now. In a large state school like Wisconsin, where there is a HUGE variation in terms of intelligence and overall student quality, the kids who really belong in college would be so much better off if the bottom 50% of kids were simply not here.
Sorry gang. College isn’t supposed to be for everyone. It’s supposed to be for smart people. At least that’s how it used to be.