Is College Worth It?
I like Bill Bennett. If you have never read his "Book of Virtues", do yourself a favor and do so. Particularly if you have kids. (Do it for the chillern!)
Now he has co authored a book on college and the cost thereof. "Is College Worth It" is reviewed here.
College has simply become too expensive. In the time between when I graduated from college and when my kids will start in a couple of years, the price differential, adjusting for inflation, has jumped 300 percent. When I went to college, my parents just wanted me to follow my muse, develop my mind and be happy. This led to my getting a doctorate — and to everyone’s surprise, I somehow figured out how to make a good living. However, a bachelor of arts degree in political science at a price of more than $150,000 now seems like a bad life choice. Somewhere during the past 25 years, the idea of following your muse in college got killed.
What killed it is explained by the “Bennett Hypothesis,” which by now should be elevated to the status of a theory or a law: “College tuition will rise as long as the amount of money available through federal student aid continues to increase with little or no accountability.”
The authors go on to state that college may be of note to those in a STEM curriculum.
but the moral of their story is that if you have the aptitude for a STEM degree, go for it. Science, Technology, Engineering and Math programs nurture the habits of mind that are the building blocks of growth and prosperity. However, if the humanities are your calling and market signals be damned, the authors profile a handful of schools where you can follow your muse at an affordable price.
Now, I must admit that I have not read this book. However, I do have a similar opinion fostered by reading others. Indeed, Aaron Clarey in his brilliant treatise, WORTHLESS, set forth many of the same points, albeit in a more folksy manner.
So get that degree in a STEM curriculum and then join us to Enjoy the Decline.
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