College enrollment drops for 6th year in a row
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- Опубликовано: 11 июл 2024
- Melissa Kearney, University of Maryland Professor of Economics gives us her take on why college enrollment is down and how those numbers might make a significant impact in demand for a college degree.
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She's clearly worried about her six figures salary
Right? lol
"College Professor says college is good". 🤡
Totally no bias there.
Exactly. Just b.s.
If you dont get a degree that teachs SKILLS enabling you to pay off student loans quickly then college is a waste of time and money.
And none of them do that. College in the US is a scam
🧢🧢🧢the only people who say ths are trust fund babies lol, even dr's and lawyers aren't making all that much money in today's world millenials and gen z are living off inheritance not labor. Most higher education not living off their parents money got hella debt and the salaries haven't gone up with the inflation & cost of living.
Yes - going to college for 4 years to major in hook-ups and beer pong will not likely result in much of a career boost, and may leave the students with a $80K debt to pay off as they work stocking shelves at CVS.
And the job market is changing, so the skills of a job is different. Most jobs are online now. School teaches you absolutely nothing on this. Nothing.
I am so happy to see the younger generation learning from the mistakes of the older generation.
Same
College: Enroll
Open AI: Hold my beer
She wouldn’t have any conflict of interest in making sure more students go to college would she?
Her argument is incoherent. She claims colleges are necessary for proper access to the workforce, but goes on to state students must be careful to make the right choices, which she doesn’t specify, in order to actually have that access. Therefore colleges are not only insufficient to improve one’s job prospects, but maximising workforce entry options is clearly not their goal for the student. Why does she use it as her main argument? It sucks to sell a product that is clearly on its way to obsolescence, but the fact she can’t even pivot into at least a values argument says it all. They’ve made the product worse over the past decade.
Lots of people argue this point until they spend years in minimum wage jobs or earning “a living wage”. Then they capitulate usually later in life & earn a degree ANY DEGREE in order to make just that much more. I e seen it play out repeatedly at my job. People will argue for years against college & when they can’t advance they pick any off brand university to earn a 4yr degree rather than earn little pay. Also college isn’t going anywhere.
The answer is not emphatically yes. Are you taking into account the massive opportunity cost? The huge interest cost? How are you accounting for risk? What about the ones who don't graduate? Many students do not benefit. It's not a coookie cutter situation. Anyone could be one of the many who don't. That's a big, and often ill-advised gamble. Also I question your statistics. Specifically whether they take into account the small business/independent operator/entrepreneurial/gig economy that many young people have been generating a lot of income from, and the advancement and growth potential it provides. Also you mentioned the lower cost of public college s. But your statement was for all colleges, so you need to look just as much at expensive colleges like Adelphi and how much added future income value it adds. Same for majors. You can't (accurately) act like only higher income majors are undertaken
Since you asked for it, here are the numbers. A person can go to a public in-state two-year community college for about $4000/year in tuition. The cost of a public in-state 4-year university is about $10,000/per year. A 4-year degree can be completed in 3 calendar years with summer school, thus making the total tuition cost for a 4-year degree less than $30,000. The median wage for someone with a high school diploma is around $35,000/year, about $28,000 after taxes. So the total cost including opportunity cost is $110,000 to $120,000. A person with a college degree will make on average $1 million more dollars over the course of their lifetime. Now obviously some majors, e.g. the humanities, are not going to give you the premium that an engineering degree would give you, but the premium over a lifetime is still well in excess of the cost. No one is saying college is for everyone or that everyone should go but as to whether or not it is a good financial decision there shouldn't be any question. Going to college is absolutely a good financial decision with a more than 8 times return on investment. Going to college is arguably the best financial decision that a person will ever make in their entire life.
@@Kevin-rs6cr Your numbers have no verification or source, and are incorrect.The average college tuition is way more than 10k, not even close. How for instance you think summer school is free for instance is unbelievable as is your opportunity cost of$35k a year. That's ridiculously low. That's minimum wage smh. You make more than that at McDonald's Electricians for example typically make in the area of 100k a year or more. My friend makes 50k a year just from a very part time job renting apartments on Airbnb, and that's only from 1 house. When she gets another, that will double. And your million dollar figure the most ludicrous. All your numbers are ludicrous, which is why i asked the author, not some random stranger
This segment suffers from being too short with not enough nuance. Unfortunately, in the rapidly changing landscape of higher education, you cannot reduce this discussion to sound bite length. And college profs may not be the best to interview because they don’t have a broad understanding of all the schools, more a deep knowledge of their own institution. The only worse person they could have had would be a college admissions pro…their incentive structure makes them the LEAST likely to help you understand your options. They are often simply cheer leaders for their own institutions without any accountability for student outcomes.
For example, my daughter will graduate from HS in May of 2024. She had a long list of schools. We visited about 10 over the past 2 years. Turns out that many private schools offer so much in aid that they are just as affordable as state schools, sometimes more affordable. We live in Missouri. Oddly, Villanova University (Philadelphia, PA), a private school, will cost less than Ohio State (Columbus, OH), a state school, for my daughter.
This decision depends on many, many independent factors…parents income, student HS grades, student standardized test scores, student profile/resume, etc. But most important is your student’s goals.
Finally, there is so much specialized language in admissions and financial aid, often with unique caveats at each institution, prepare yourself to do some work. Gather data from each schools’ website, build spreadsheets, talk to financial aid staff with specific questions. Review what you have learned. Compare & contrast institutions. Call financial aid staff back with more specific questions and clarifications. Expect each institution to handle most situations differently. Finally, compare and contrast institutions again.
We are beyond the days of general one size fits most advice on this topic. Yes, that means there is effort and thoughtful decision making ahead for most of us. Good luck.
In the last five years, I've had dozens of men and women do work at my house. They were plumbers, landscapers, electricians, etc. The great majority of them don't have college degrees. Yet they are operating their own businesses making more money than most college graduates. Even those who work in the trades for these companies are making 80k to 100k per year, without any college debt. If you get out of college with an English degree or history degree you will be surprised to learn at graduation, that the English and History factories are not hiring.
Yes - SKILLS and industriousness pay big dividends. But not everyone has the mechanical aptitude to be a plumber or electrician.
If America wants an intelligent youth and not idiotic consumers, this system needs to prioritize it.
College is definitely not worth the tuition. She is selling why one should go to college. However, you can get great jobs without the college degree.
She finds it troubling that people don't think a college degree is worth the money they spend on it Gee wonder why you have to feel troubled about numbers and math
Exactly! Everything cost too damn much to go to school! No one wants that kind of debt! It's all a scam. No wonder the dollar is so inflated.
She’s delusional
@@mariasmallwood3836she's worried about her 6 figure salary
There may be some colleges having financial crisis in the next few months if they can't take enough students this September.
Entrepreneurs disagree with her.
Your right. College teaches you to be an employee. In fact, all of school teaches you to be an employee.
A tone-deaf response with out-of-context stats.
Dont let this lady trick you into going to college won't make it out of debt
She is a marketing mouth piece for these colleges and universities! Remember, these institutions are not caring about their students at all, they are multi-billion dollar industries that pay zero taxes on the revenue/income they get. The biggest lie ever perpetuated is "if you get a college degree you will make $1,000,000 more in your lifetime". Let's assume I go to a public in state university. I'm still going to have to pay $20,000/per year for 2-4 years! That's $40-80k! Now you say, "But you'll be making $100k after you leave college". Again, that's a lie as well. Even Pharmacists (who are very skilled), most are making $70-80k out of college, not the $100k most believe they make. I know this because I used to work in a pharmacy as a pharmacy technician and spoke to Pharmacists who just graduated college. Most of them, because of their loans, cost of living and bills had to live out of their cars because everything was too much! Let that sink in! The real truth is, a majority of college graduates are not making $100k out of college, most are not making much more than I would with a simple high school diploma or simple Associate's Degree. But let's just assume I'm making that much, I am not seeing that full $100k. I am now in a whole new tax bracket, and I will now be charged interest. On top of it, I have other bills and costs. At the end of the day with that debt I will have, what I physically see each month will more than likely be the same or less than if I were to have skipped college altogether. This is all assuming I go to a public institution, everything gets blown away if you go to a private institution! Who in their right mind can pay back $80k/year!? Most Americans don't even make that much on their salaries!
Study overseas. Provides broader study/life experience with global recognition. Try it.
expensive though if you go to an expensive country.
Sshhh keep the woke broke in Mutika. ..
I went to Spanish School in Argentina before completing my college degree. It was the game changer. And also, I’m a first gen graduate that just saved all my money and did it.
I appreciate that you used the term “non-white” rather than “radicalized”.
College is useless unless you want to be. Doctor, lawyer, nurse etc
1:21 yes a college degree is still an excellent investment IF youve studied a meaningful subject area. The problem is colleges have become overbloated with pointless liberal subject matters. Get rid of pointless departments like gender studies, thus have fewer departments to employ, thus bring down the cost of college and only offer subject areas that actually create employable people. IE math and sciences.
If the youth asked me today what should I be when I get out of high school it's easy I would tell them plumber electrician contractor mechanic anything labor related no more office b******* jobs
Do you think it might be because boomers destroyed the economy? 😂😂😂
and DEFINITELY can't be because evil able bodied people set out to murder as many americans as possible by refusing to be careful about covid. You killed off MILLIONS. No fkng sh1t college enrollment is down. so oblivious it's embarrassing
That is exactly it.
Yes they destroyed it. They required degrees just to filter applicants. The filter is now meaningless. Gpt and social media impact. I think college is in trouble bc employers do not keep their employees. 4 years for degree but no employer keep you for 4 yesrs😂. 4 years info is useless. Do they teach you how to learn or a growth or builder mindset?? It’s pretty much memorization
There are many factors here that are being glossed over by merely looking at averages.
One factor is that a student graduating with a BS in electrical engineering or computer science has an excellent chance at starting his/her first job earning close to $100K/y. A student graduating with a degree in “media studies” or sociology, on the other hand, is likely to struggle to find a decent job.
Another factor that will rub some commenters the wrong way is that students who attend 4-year colleges are ON AVERAGE brighter and more industrious that those who drop out of HS or eke out a HS diploma with no hope of going to college. (There are certainly exceptions.) The result is that part of the so-called benefit of attending college has nothing to do with the actual college, those folks would have done better than average even if they had not attended college.
Would be a lot easier to get a job as a college dropout or highschool grad if the college grads weren't gatekeeping all jobs. Thr HR people are the real problem. A 4 year degree for a damn receptionist or assistant job? And they even state any major is fine, what a joke.
The sad part is this will be the future, you will soon see "PHD preferred" just to get a job filing books at a library.
So if you see stats about "the future will require X more million college degrees" just realize it's not that these jobs NEED a deep understanding of calculus or physics or anatomy it just to narrow the applicants down they will "require" a college degreee, but soon even that won't be enough.
College is not for everyone, but it was for me. My degree opened multiple doors in the labor market. My kids have college degrees and have had similar experiences.
There are a few things that are stopping people from continuing their education. 1. The cost of living has gone up . 2 .Tuition for college is very expensive nowadays. Some people dont want ending up paying off loans for the rest of their lives. People are focus on how they can save money pay bills and putting food on the table.
A person can go to a public in-state two-year community college for about $4000/year in tuition. The cost of a public in-state 4-year university is about $10,000/per year. A 4-year degree can be completed in 3 calendar years with summer school, thus making the total tuition cost for a 4-year degree less than $30,000. The median wage for someone with a high school diploma is around $35,000/year, about $28,000 after taxes. So the total cost including opportunity cost is $110,000 to $120,000. A person with a college degree will make on average $1 million more dollars over the course of their lifetime. Now obviously some majors, e.g. the humanities, are not going to give you the premium that an engineering degree would give you, but the premium over a lifetime is still well in excess of the cost. No one is saying college is for everyone or that everyone should go but as to whether or not it is a good financial decision there shouldn't be any question. Going to college is absolutely a good financial decision with a more than 8 times return on investment. Going to college is arguably the best financial decision that a person will ever make in their entire life.
She has that slimey used-car sales man pitch, smile.
BULLSHIT....COLLEGE SHUD BE FREEREE
No such thing as "free"
Snake oil saleswoman
College is too expensive. Wages flat.
Good
Sounds like prescription drugs. 10 people buy the same drug or degree and all pay different prices. Ethical?
5:00 Clown News
it only works if you want to take government jobs. For PRIVATE company? they hired based on skill not on papers
With higher infertility rates means less kids to go to college in the future. We won't need many 4 yrs universities. Trade schools are growing.
@1:07 ; BULLSH!T!!!!😂😂😂
Minimum Wage $20/hour
Why wastes time n owe student loan $$$
✌✌
She is trying hard to defend her job.
bingo
Colleges are in big, big trouble especially because of AI
How so?
@@ragul3204 Because people won't have to go to colleges to learn things, there will be massive layoffs. Additionally, all other countries will prosper as much as the US because of AI, so immigration will slow down considerably. The best way to immigrate to the US is through colleges, so these people won't enroll for a program.
Blah,blah, blah
Even if you have a degree in “underwater basket weaving” most employers just want college grads. College grads know how to have conversations, conduct meetings, research, work on projects etc. Graduates are computer literate and more likely to be better at expressing themselves in writing and verbally. Graduating from college is a huge benefit and hearing people so down on education as a trend is very disturbing
Hmmm I wonder what Chat GPT thinks?
@@gmac8586 Lmao true.
@@gmac8586 Google has been around for nearly 20yrs. Did Google replace the college degree? No. Chat GPT can do lots of things Google can’t but it still won’t replace the credentialing aspect of employment.
@@gmac8586 damn 😅