Description
Bad options or bad choices is a comparison of the rising cost of higher education, and the effectiveness of the degrees achieved for the price. It focuses on the complaint of degrees being useless, are the degrees useless or are the selection of majors the problem. All commentary in notes, submitted to TurnItIn on 01/20/2020 so paraphrase!
Transcript
Bad Options or Bad Choices?
The Rising Cost of College in the U.S. And the Perceived loss of Value of Degrees Earned.
Gerald Adams
Comm 120
APUS
Figure 1. College Pricing Table showing college tuition and fees from 1989-2020, and their price point change. Retrieved from https://research.collegeboard.org/trends/college-pricing/figures-tables/average-published-charges-sector-over-time
Figure 2. Average Annual Percentage Increase in Inflation, of College tuition, by decade. Retrieved from https://www.insidehighered.com/news/2017/10/25/tuition-and-fees-still-rising-faster-aid-college-board-report-shows
Figure 3. Growth rate of College Tuition in comparison to Medical Care, the consumer price index, and transportation, from 1982-2006 Retrieved from https://www.politifact.com/oregon/statements/2012/mar/07/ron-wyden/ron-wyden-puts-number-soaring-cost-college-439-per/
Figure 5. Unemployment rate in the U.S. from 1992-2018 by level of education. Retrieved from https://www.statista.com/statistics/232942/unemployment-rate-by-level-of-education-in-the-us/
Figure 6. Unemployment rates and earnings by educational attainment, 2018.. Retrieved from https://www.bls.gov/emp/chart-unemployment-earnings-education.htm
Figure 4. Number of Bachelor degree recipients in the United States From 1869-2018, with estimates to 2029. Retrieved from https://www.statista.com/statistics/238164/bachelors-degree-recipients-in-the-us/
Figure 7. College student advertising looking for job at graduation. https://www.nytimes.com/2016/03/12/opinion/when-the-college-degree-is-useless-and-the-debt-is-due.html
Figure 8. Video of Interviews with billionaires decrying the need of a college degree. Retrieved from https://www.youtube.com/watch?v=e8QY0NDWqzk
Figure 9. Artist Depiction of graduates going directly from graduation to the unemployment office, unable to get a job with their new degree.. Retrieved from https://www.tuition.io/2013/03/worst-10-colleges-for-roi-how-does-your-school-rank/
Figure 10. Degree Costs, undergrad earnings and post graduate earnings with work sought percentage. Retrieved from https://www.goodeducation.com.au/not-all-degrees-are-equal/
Figure 11. College majors with the highest unemployment rates in the U.S between 2009-2012.. Retrieved from https://www.statista.com/statistics/225959/college-majors-with-the-highest-unemployment-rates-in-the-us/
Figure 13. Listing of bachelor degree majors, unemployment rates and earnings in the 25th, 50th and 75th percentile ranges.. Retrieved from http://www.thecollegesolution.com/popular-college-majors-with-the-highest-and-lowest-unemployment/
Figure 12. Bankrate survey depicting the least valuable College Majors.. Retrieved from https://www.foxbusiness.com/personal-finance/college-majors-offering-best-value
New York Times, When the College Degree is USeless and the Debt is Due, Retrieved from: https://www.nytimes.com/2016/03/12/opinion/when-the-college-degree-is-useless-and-the-debt-is-due.html
Debate.Org, My College degree is worthless: Do you think getting a college degree is a waste of time and money? Retrieved from: https://www.debate.org/opinions/my-college-degree-is-worthless-do-you-think-getting-a-college-degree-is-a-waste-of-time-and-money
Statista, College Majors with the highest unemployment rates in the U.S. between 2009-2012: https://www.statista.com/statistics/225959/college-majors-with-the-highest-unemployment-rates-in-the-us/
MarketWatch, Is your Degree worth it? : Retrieved from: https://www.marketwatch.com/story/this-is-americas-no-1-college-major-for-salary-and-job-availability-2019-08-26
Fox Business: College, Majors offering best “value” Retrieved from: https://www.foxbusiness.com/personal-finance/college-majors-offering-best-value
BLS.Gov: 21.8 Million employed in office and administrative support occupations, May 2018 Retrieved From: https://twitter.com/bls_gov/status/1113826056094531584
Statista, Unemployment rate in the United States from 1992-2018, by level of education. Retrieved from: https://www.statista.com/statistics/232942/unemployment-rate-by-level-of-education-in-the-us/
References:
References:
Collegeboard.org, College Education Linked to Higher Pay, Job Security, Healthier Behaviors and More Civic Involvement: New College Board Report. Retrieved from: https://www.collegeboard.org/releases/2016/college-education-linked-to-hgher-pay-job-security-healthier-behaviors-and-more-civic-involvement
Trostel, Philip, It’s Not Just the Money, The Benefits of College Education to Individuals and to Society, Retrieved from:https://www.luminafoundation.org/files/resources/its-not-just-the-money.pdf
CollegeBoard, Average published charges by sector over time, Retrieved from: https://research.collegeboard.org/trends/college-pricing/figures-tables/average-published-charges-sector-over-time
Politifact, Ron Wyden puts a number to the soaring cost of college- 439 percent. Retrieved from: https://www.politifact.com/oregon/statements/2012/mar/07/ron-wyden/ron-wyden-puts-number-soaring-cost-college-439-per/
Inside Higher Ed, Net Price Keeps Creeping Up, Retrieved from: https://www.insidehighered.com/news/2017/10/25/tuition-and-fees-still-rising-faster-aid-college-board-report-shows
National Bureau of Economic Research: Variation in Education Costs and Future Earnings: Retrieved from: https://www.nber.org/digest/apr17/w23029.shtml
Good Education, Not all degrees are equal, Retrieved from: https://www.goodeducation.com.au/not-all-degrees-are-equal/
Sobel, Ann E.K, The Escalating Cost of College, Retrieved from: https://ieeexplore-ieee-org.ezproxy2.apus.edu/document/6689259/
Patton, Mike, The cost of College: Yesterday, Today and Tomorrow: https://www.forbes.com/sites/mikepatton/2015/11/19/the-cost-of-college-yesterday-today-and-tomorrow/#1ead5f386060
NCES, Tuition Costs of Colleges and Universities, Retrieved from: https://nces.ed.gov/fastfacts/display.asp?id=76
Statista, Number of Bachelor’s degree recipients U.S. 2029, Retrieved from: https://www.statista.com/statistics/238164/bachelors-degree-recipients-in-the-us/
Bureau of Labor Statistics, 2019 4th quarter median household income: Retrieved from: https://www.bls.gov/news.release/pdf/wkyeng.pdf