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March 3, 2023 by April Klazema 1 Comment

Should Our Focus Move Back to Skills-Based Training Instead of a College Education?

Should Our Focus Move Back to Skills-Based Training Instead of a College Education?

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?

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Filed Under: Apprenticeship, Choices after High School, College Choices, Economics, Education, Statistics, Value Tagged With: college costs, college debt, college degree, education in a changing world, entrepreneur, oppurtunity cost, Skills, tuition costs, Underemployment

February 13, 2023 by April Klazema Leave a Comment

Why Does Attending College Involve an Opportunity Cost?

Why Does Attending College Involve an Opportunity Cost?

A high school graduation is a significant milestone in many lives, and it often coincides with a young person beginning the final transition into adulthood. In the past, what that meant differed for many people. Today, however, the predominant path involves immediate entrance into college. Many high school students spend their senior years in a chaotic rush of college and scholarship applications, after all. Despite the growing real cost of studying in a university, attendance rates continue to increase. The explanation often goes that earning a degree ostensibly makes one more valuable as an employee, so the tuition, fees, and other associated costs are a justifiable expense.

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Filed Under: Choices after High School, College Choices, Economics, Value Tagged With: college costs, college debt, college education, college tuition, cost of college, education cost, eight semesters, entrepreneurship, oppurtunity cost, out of college, price of college, tuition costs

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