What Higher Education Needs to Stop from Becoming Obsolete
According to a recent Gallup poll, only “about half of U.S. adults (51%) now consider a college education to be ‘very important,’ down from 70% in 2013.”
That’s a significant drop in such a short period of time.
However, when I saw this statistic I was honestly surprised that the rate wasn’t even lower.
I believe it’s becoming clearer that a college degree isn’t producing the same rate of return on the substantial investment required.
In fact, I agree with the author of a Forbes article who highlights the outrageous price of college, saying
“The cost of college is out of control — with tuition up roughly 400% since 1990 and rising more than twice the rate of the Consumer Price Index (CPI). Higher education institutions, with the help of states, the federal government and employers need to reign it in, period.”
But the cost alone isn’t the sole factor behind the drop in importance. The reason is that the high price doesn’t lead to guaranteed job security and satisfaction like it used to. In the same Forbes article, the author continues,
“With 13% of U.S. adults, 11% of C-level executives and 6% of college trustees giving strong approvals to the work readiness of college grads, there’s clearly a…
