The quick answer: it’s about the ROI. At least according to this article in The Week, which is trending at the moment.
So, it seems the trend continues. Students and parents are spending more time digging around the financials and thinking ROI when it comes time to select a college. That’s a smart move in my opinion. Like the article points out, often it is more about the student’s major, than it is about the institution, when it comes time to getting a job and the salary that job pays.
A good rule of thumb: don’t acquire more college debt than a profession’s first year salary. College is still more than worth it when it comes to lifetime annual salary. A degree has also been an effective buffer during a weak economy. Those with degrees had roughly half of the level of unemployment than those with only a high school diploma.
So, yes. Think ROI. Plan, investigate, calculate. When it comes time to select a college, make sure those numbers add up.
- Now, More Than Ever, College Students Are Thinking About the Return on Their Investment (shinesobrightly.com)