Analysis Of The College Bubble By Megan Mcardle

720 Words2 Pages
bulb-icon

Recommended: The value of going to college

How has a college diploma become a waste of money or time? Megan McArdle, the author of The College Bubble believes that a college education will leave you in debt or even bankruptcy. McArdle, in her article states that a college education has gone up over the years and questions if a college education is worth the price and the time you put into it. I agree with McArdle that a college diploma will leave students in debt, won’t guarantee your career success and that some students gain no measurable skills during their four years in college. As McArdle points out, the cost for a college education has gone up over the years, leaving students in debt. I agree with this statement, because a college education was more affordable years ago and now it has doubled it’s cost. According to the article, McArdle states “The average price of all goods and services has risen about 50 percent. But the price of a college …show more content…

McArdle states “For many students, college is less about providing an education than a credential” (qtd. In McArdle 25). There are some students that are in college to get the diploma, but they don’t gain any skills. They mainly care about passing the class and getting a good grade, which can lead to cheating. If they were just in college to obtain the diploma, than what was the point of them even going to college? Students take college for granted and when they get out, they are unable to take what they learned and apply it to real life. In addition, McArdle states “If students are gaining real, valuable skills in school, then putting more students into college will increase the productive capacity of firms and the economy—a net gain for everyone” (qtd. In McArdle 26). Credentialism has always been around in education as stated in the article, and students who do that, at the end have no valuable skills they can apply to real life and don’t learn the

Show More
Related

  • College Education Dbq

    458 Words  | 1 Pages

    To begin, college is not worth its cost due to the economic burdens it places on college graduates. Students put themselves in debt with students loans necessary to pay for their education while also watching their wages decline over recent years(Doc C). This creates a lifelong cycle of

    Read More

  • Why College Is Not A Commodityity

    812 Words  | 2 Pages

    In the Washington Post, the article title, “College is not a commodity. Stop treating it like one.” Everything revolves around money these days and the economy. The economy is justified to be expensive, by the time you are the age of 22 you will be in debt up to 100k dollars to 200k dollars. Regardless of where you go to college or what you go for you will be in debt. The author states that the value of education

    Read More

  • Why College Isn T For Everyone Analysis

    627 Words  | 2 Pages

    Many people find the higher education a child receives, the higher the amount of money he or she will earn. Others find it is a waste of time and money to go to college after high school because of all the loans they would have to make up for after college. Many people have different point of views regards to the importance of college. In the articles Is College Worth It? and Why College Isn’t for Everyone, Leonhardt and Matthews have different opinions on the importance of college. Leonhardt argues that college is worth it because one who earns a college degree will be financially stable in the end, while Matthews believes that college isn’t for everyone because of the high-cost teenagers and adults will encounter when it comes to tuitions and fees.

    Read More

  • Analysis Of Marty Nemko's 'We Send Too Many Students To College'

    1162 Words  | 3 Pages

    In the essay, “We Send Too Many Students To College” by Marty Nemko, he argues that, contrary to popular belief, college is not for everybody. Nemko states that colleges accept numerous high school graduates every year, when they know that if the student did not do well in high school, they have a very low chance of actually acquiring a degree. However, If someone is fortunate enough to graduate from college and obtained a degree that costed them an exceptional amount of money, it is likely that they will have to settle for a job they could have “landed as a high school dropout”. Colleges are just out for money, and the only way they can get money is by accepting countless students into their “business”, whether the student will prosper from it or not is a different story. The article reports that there is no proof that students actually learn and remember everything they get taught during their college education. In fact, some college seniors failed tests that should be easily and accurately completed, and instead of these institutions getting penalized perhaps, they are “rewarded

    Read More

  • Analysis: The New Liberal Arts

    1129 Words  | 3 Pages

    Individuals are struggling nowadays to acquire an education higher than a high school diploma. One of the main reasons for this issue could be very well the price it is to attend college. Prices have skyrocketed throughout the years. A lot of the people who attend college have to take out a “student loan,” just so they can get by. I believe one should not need to be in serious debt before they even graduate, all because they want to go out and further their education, and become successful in their life.

    Read More

  • An Analysis Of The Article Is College For Everyone?

    728 Words  | 2 Pages

    Pharinet says one of her students said “C’s get degrees”(681) but she leaves us to wonder whether she is a college professor, high school teacher, or maybe even a grade school teacher. Pharinet never indicates where she attended college, but her career requires a college degree. So that makes us ask ourselves, How can someone who attended college try to persuade us into believing college is not for everyone? Well, if we dig a little deeper we will see that Pharinet is not plain out saying college is not for us, but rather “there are too many students enrolled in school who simply don’t belong there”(Pharinet 680). I personally have caught myself looking at some of my peers and asking myself “why are they even here?” We all have at some point. It is pretty simple; we need to stop pressuring people who are not ready to get a higher education to go to college. As pharinet says “Embrace the reality that college is not for

    Read More

  • Why College Should be Free

    823 Words  | 2 Pages

    Over the past years, getting a college degree has been the pathway to a settled career. College has been a reason for people to carry on after high school. Now that tuition has been raised, getting a degree seems to drain students with more loans and could be in debt. College has been raised to the point where people rather start working at a minimum wage than continuing with school. Working in a part-time job would be an easier choice rather than pursuing a degree.

    Read More

  • Analysis Of College Pressures By Zinsser

    864 Words  | 2 Pages

    Zinsser’s work entitled “College Pressures” intent to expose a critical flaw within the educational system, in hope that it will encourage students to relax when it come to their academic success. Zinsser’s is doing more than illustrates a difficult situation, he is enforcing new ideas and principle just as: academic freedom and freedom to explore career opportunities without judgement and criticism from the school system and their parents. By enforcing these principle Zinsser’s hopes to awaken a new era where students are free from pressured sales tactics from both parents and society when come to academic success.

    Read More

  • Exploring Affordable College Education Abroad

    1411 Words  | 3 Pages

    and tuition plays a major role in students’ decision for attending college. Students according to a 2008 national survey of roughly 1800 students who qualified to attend college 1000 students of those 1800 did not attend college at all. The main reason claimed by 80 percent of the “non-college-goers” was due to lack of money, more especially not enough grant aid. Although a student was well qualified to attend college having no financial aid made their choice to attend impossible. On the other hand, students who couldn’t receive enough grant aid sought other alternatives to go into college like getting loans. Depending on the amount of years one chooses to attend college it can rack up to an unbelievable amount. According to Edvisors, a financial aid website, “The class of 2015 graduated with $35,051 in student debt on average.” Imagine that! It’s no wonder that the students who didn’t receive enough grant aid chose not to attend college. It was because they did not want to accumulate a debt that in most cases they would have to pay throughout their lives, claiming that tuition cost is too much for

    Read More

  • Are Too Many People Going To College Analysis

    1360 Words  | 3 Pages

    In the article “Are too many People Going to College” by Charles Murray a W. H. Brady Scholar at the American Enterprise Institute, argues that our educational system needs improvement and that too many people are attending college. Some of Charles arguments on why too many people are attending college are obtaining a Bachelor’s Degree gives you a high paying job, college requires classes that are unnecessary, skill/talent may not need a degree and because they do not want to be labeled as dumb or lazy. Charles Murray makes a lot of good arguments on why too many people are going to college and I concur with his arguments.

    Read More

  • Rising Tuition Prices

    2184 Words  | 5 Pages

    Rep. Dick Zimmer predicts that at the current rate of rising college costs, by the year 2000 the average price tag for attending a four-year public university will be over $50,000 and the average four-year cost at a private university will exceed $104,000. (College costs continue to climb, 14) During the years between 1970 and 1994, the consumer price index increased just under four times, but the average cost of tuition, room, and board at four-year public colleges went up nearly five times, and private college costs rose almost seven times, from just under $3,000 to over $20,000. According to the U.S. News Cost of College Index, the average middle-class worker must now labor 95 days to pay for a year at an average private college. Two decades ago, it took slightly more than half as long to pay for the same education. (Elfin, 90) By 1994, the average four-year cost at a private college was over three times the typical family's annual income. (Reiland, 59) However, The College Board recently announced that US college tuition and fees for 1996-97 increased at nearly the same rate as they had in the previous year, adding that the more than $50...

    Read More

  • Argument Essay on College Tuition

    1037 Words  | 3 Pages

    How does the rising cost of college tuition affect us? Every year thousands of students attend a college or university, usually of their choice, with the goal of achieving a higher education and to better their future. The cost of attending college is too high and it needs to go down; there needs to be more scholarship and grant opportunities. The high cost of attending college is a major reason that students aren’t able to achieve higher education; others take this as a challenge and it is motivation for them to work harder to achieve their goal. One might ask why would someone want to spend money to receive more education and miss out on more years of work that they could’ve performed? For many, it is so they can receive more salary for the jobs that they will have later in life, also so that they can get training for their wanted career. The cost of attending college is high and continues to rise without indications of decreasing. The rising cost has many benefits such as earning more pay, but it also has its disadvantages such as the debt that is accumulated from student loans. Not everyone can afford to drop down thousands of dollars and attend school for a few more years. Students who wish to receive a post-secondary education must decide whether it is the right choice for them depending on their financial standpoint, meaning that they must decide if they have the resources to further their education.

    Read More

  • College Is A Waste Of Time And Money By Caroline Bird

    1193 Words  | 3 Pages

    In “College Is a Waste of Time and Money,” Caroline Bird, a college lecturer makes very good and valid points that college is wasting time and money. She describes how society has pushed students into getting higher education right out of high school. Leaving us with the question, are students getting a higher degree of education to better their future or to keep them busy and paying an institution.

    Read More

  • The Cost of Higher Education

    1927 Words  | 4 Pages

    Even though there's no exact answer to what it costs to go to college today, it is possible to make a good guess. Figure out what kind of school you want to attend and find out how much it costs to attend. From there, tack on an estimated percentage increase — five percent per year is a good guess(Texas Guaranteed Student Loan Corporation, 2014). According to Merkein(2013) the average sticker prices at the nation's four-year public universities rose 2.9% this year, the smallest annual increase in more than three decades, suggesting that the steeper increases over the past few years "did not signal a new era of accelerating prices," says a report out Wednesday(Merkein , 2013). “A college education is one of the best investments that students and families can make,” Coleman (Hechinger, 2013). Yet ...

    Read More

  • College Education is the Best Investment

    1413 Words  | 3 Pages

    Why is it important to achieve a college degree, certificate or diploma? Generally speaking, what is the importance of having a college education? This is a question that I have been debating and fighting with myself for the past five years. Is it because with a college education a person can get a better job, earn more money and ensure himself of a better life? Or is the whole concept of college a fraud and a scam to manipulate individuals in feeling inferior without it? In this paper, I am going to enlighten you of the pros and cons of having a valid college education and what it means to me.

    Read More

More about Analysis Of The College Bubble By Megan Mcardle

Open Document