There’s a common perception that a college education results in a high salary and quality of life, but dropout rates and crippling debt often go unconsidered. Nowadays, a significant portion of college graduates struggle to find work, and high university fees and loan interest rates can affect a person’s income for many years after graduation. Skills-based training, on the other hand, costs significantly less than a bachelor’s degree and takes two years to complete rather than four. Could skills-based training be more beneficial for today’s high school students? Or, should people still believe that they must aim for university?
As parents, we are always viewing the lives of our children as a succession of stepping stones or building blocks. We’ve been told that we should play our kids music when they are babies so that they get a head start on mental development. We’re told that we need to enroll them in the best pre-schools, to give them a head start on education. We’re told that we need to push them harder throughout elementary school so that they can get into academically “talented and gifted” programs. We’re told that we need to make sure our kids are taking accelerated courses and SAT and ACT prep courses in high school so that they can get good grades, score high on standardized tests, and get into the “right college.” We’re even told that our kids need to fill their schedules with extracurricular activities, volunteer hours, special clubs, and societies, and more—not because our kids are passionate about those things, but because this stuff looks good on college applications.
Money. It is never something we really give much thought to when we are young, ambitious and adventurous. We decide our major based on what we love doing and what we are good at – have a knack for. But, what if our romanticised view of our career path takes a severe battering, when it comes to money, just based on that single choice? What we study at college has the potential to reduce or increase our projected income by more than 300%. [Read more…]