Is College Worth the Cost?
Location: pencils2's CAPS Blog
New York Times: The college degree is becoming the new high school diploma: the new minimum requirement, albeit an expensive one, for getting even the lowest-level job.
While this article hits on an important point, a college degree by no means is a guarantee to a job. In terms of cost/benefit, I think college is incredibly overvalued when students will take on thousands of dollars worth of debt, only to spend the next 5, 10, 15, or even 20 years working to pay off that lump of debt.
Thankfully I was accepted to Berea College, which offers students a full four-year scholarship upon admission; I will be able to graduate without a lick of debt related to college. All I know is that I probably would not choose to be in college if I knew it meant going into debt. Unfortunately, many individuals see college as the only option (it isn't), and trap themselves in mounds of debt for an education that may or may not amplify their creative abilities and economic opportunities out of school.
This video from Peter Schiff demonstrates why anyone should seriously consider whether the value of a college education is at all worth thousands of dollars of debt: