VIDEO ON MSN MONEY
State colleges and universities are not available to all and they should be. If you live in a snooty town like we did, that the high school brain-washed the kids that only if they go out of state they will not be considered "losers" forces people to take on unnecessary expenses.
Looking back and if I could do it again..... I would send the kids to a vocational school to get a trade and then they can pay for their own education or make sure they get some kind of technical degree on a work-study program.
My son graduated with an International Business degree in 1999....15 years later....he is a courier for a law firm because is no jobs out there. Underemployed...... over-qualified....
I keep telling him...go be an electrician/plumber/heating and cooling tech whatever. You will be needed more than you ever imagine.
Attending these schools can get you in the "club". The education is not that different than what you would receive elsewhere but you will be in sitting in classrooms with two types of people, rich kids that bought their way in and super smart kids. If they grade on a curve it can really be brutal for a kid that's never been exposed to that level of competition. Either way, you are networking with some people that could help you in your future endeavors. Also the number of companies that recruit at those schools greatly exceeds those at your average school. Is it worth the extra $100k? That's the big question. For an average college bound kid the question is moot because they couldn't get in anyway. Hence.... THIS IS A STUPID ARTICLE!!!!!!
If I had it to do over again I would go the vocational route with some business courses for good measure. Then go to work for yourself. The big companies that used to do the hiring are hiring fewer and fewer kids so unless you can get into a name school, they won't be recruiting you. Better to be your own boss.
Everyone still seems to be selling the "degree" as the path to success but really the degree is the path to lending more money out to keep up the illusion that the economy is growing. When it comes time to pay for many of these degrees, there will be nothing there. The value of a higher education is as inflated at housing was in 2007. You don't need a degree to sell cellphones or make cheeseburgers and that's about all that's growing in the US these days.
I am a wee bit shocked that Harvard has been able to stay on this list. Why? They have had an issue with students cheating without consequences!
sorry to Harvard But as one highly educated I do find highly disturbing---for when I attended College and then acquired several Advanced degrees we were taught that if we got caught cheating we would face immediate Expulsion! And Harvard does not honor the act of Expulsion for Cheating!
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