What is the value of a US college education?

As people complain that college education in American is too expensive, this New York Times article argues that it’s still worth it.

The Hamilton Project, a research group in Washington, has just finished a comparison of college with other investments. It found that college tuition in recent decades has delivered an inflation-adjusted annual return of more than 15 percent. For stocks, the historical return is 7 percent. For real estate, it’s less than 1 percent.

America has the most expensive college education followed by Korea, a very distant second. In Korea, students are protesting pretty loudly about the increasing costs…

In America, certain degrees are worth more than others. Colleges argue that a liberal arts education is a good investment but pretty much everyone in the real world would agree that as an investment you’re better off with any of the following:

-Business (Accounting/Finance)

-Computers/IT

-Math/Stats

-Engineering

-Health Sciences

Some people argue that going to college is a waste of time and money until you know what you want to do. If you decide on a certain career (and 18 is often too young to decide) then you see if a college degree is required and you go get the right education.

What do you think about the value of a college education and its value as an investment?

Here’s a language sample from a native speaker you may want to study:

I was a History Major. If I had some guidance 20 years ago, I would have taken a different route and probably had a much different, more accelerated career path. Unless you are teaching or looking at a career in academia, what purpose do liberal arts degrees serve? I ended up going back to school 2 times, once for a certificate program in computer programming back before the Y2K boom and then for an MBA. Each was necessary, I felt, because my BA in History wasn’t going to take me very far.

Filed Under: Education in general

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