Monday, February 18, 2013

Push to Gauge Bang for Buck from College Gains Steam

Many see college as an investment that will provide a solid foundation to launch themselves into a successful career doing what one enjoys. This however is not a prerequisite for attaining a successful career and with the cost of going to college rising exponentially, for some career paths this is not a wise investment. Across the nation everyday there are college recruiters on high school campuses persuading children to go to school for majors that will be difficult to make financial ends meet. Although financial prosperity doesn't need to be a primary goal, when one is graduating with $80,000 in debt just for education, these students are setup for failure. In order to help students make a more informed decision about what the financial prospects are Sens. Ron Wyden and Marco Rubio are trying to introduce a bill that will collect salary information and where individuals went to college 18 months after graduation, and make it publically available. I think this is a prudent step in helping college bound children to know what the reputation of their chosen school is, and how much he/she can expect to make upon graduation and what their chance of gainful employment. Moreover, most people know art and music majors won't make much in their line of work but did what about lawyers? There is a significant surplus of lawyers graduating from college these days and it is very difficult to find a job in the respective field. If there was more data available to students when they're trying to figure out what he/she wants to do for the rest of the life, they would be able to make a more informed decision.

 http://online.wsj.com/article/SB10001424127887324880504578298162378392502.html?KEYWORDS=link+college+with+salary

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