Sunday, December 1, 2013

High Cost of Branded Education





With the most recent economic crises and the aftermath, recent graduate students are finding it harder and harder to find jobs that pay enough to support incurred debt.  It’s simple mathematics: while the cost of education is increasing, degree inflation coupled with recent economic crisis makes it harder for recent graduates to find an entry level job with sufficient earnings to pay off debt incurred to receive education needed to enter prospective fields. 

The benefit of 4 year college education is undisputable and unarguably equally beneficial for the students themselves and their future employers.  While we wait for the entire education system to be overhauled and for the economy to recover, what are the alternatives to the traditional four year university to obtain a degree, have a fair shot in the job market, and not starting off your life neck deep in student loan debt?!  Let’s explore much less popular community colleges. Today community colleges are much less publicized by media, presented in High Schools as an option or desired by students as their first choice.  Granted that a community college will not get you the desired degree, but utilizing the community college to obtain your associate degree is an extremely unexplored option by today’s aspired college students to reduce overall cost of the 4 year degree.

The idea is to attend the community college for the first 2 years.  Once successfully completed, students have an option to transfer to prestigious schools and earn a diploma stamped with George Mason University, for example, and pay half the price.   In DMV area alone students have a wide range of options to explore including Northern Virginia Community College (NOVA), Montgomery College, Prince George’s Community College, etc.  According to The Washington Post, this option is being considered more often then it has been in the past.  Still mainly explored by minorities, low to moderate income families and by those who’s grades do not get them into a “brand name” University, the stigma about community colleges makes this a very much unutilized tool in obtaining proper education.   

1 comment:

  1. I totally agree with you that most students see education as a branded product. Most students tend to forget that student loan is a debt that must be paid back when you are done with school. The sad thing is, students leave these branded institutions with so much hope and dream of finding the perfect paying job immediately that will meet all their financial obligations. In reality, the perfect paying job may take years to find, but the student loan debt has to be paid back once a student is done with school.

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