It’s pretty clear to many of us (millennials and generations to come) that the cost of attaining a college degree weighs us down and seeps into our lives in more ways than one. I see this in my friends and colleagues– many are struggling to pay the bills in their post-college life, while giving up a huge chunk of their tiny paychecks to pay off loans.
All in all, it sucks.
Growing up, I have always been under the impression that college was my way out of the poverty I grew up in. It has been dubbed the “Great Equalizer” (Horace Mann). For this reason, school became my oasis. It was the place where I found peace and comfort because I knew that one day I would get to go to college. After college, I would get a job, be really successful, and earn lots of money. Truth be told, I still don’t know much about the after college part, but the college part is pretty difficult.
The ‘degree’ based system in higher education is not adequately meeting the needs of our workforce
You took a $30,000 loan to purchase a car. After using the car for a few months, you estimate it breaks down roughly 40% of the time. You got a lemon. What would you do?
Return it and get your money back?
They won’t take it back.