ABC 20/20: Bachelors Degrees May Not Be Worth the Money???

[cookderosa]

I didn't save the link, but either here or on the distance learning forum, someone posted an opinion piece that talked about the million dollar myth. He argued that the bachelor degree holders, who DO make more money, can't put causation on the degree itself. He argued that bright-motivated minds could have been locked in a basement for 4 years and would probably come out and make something of themselves. In other words, they could have made it anyway.

I always find it interesting that the people making the argument (and the writer of the piece I remember) all have degrees!

Another thing to remember, is that (in general) there IS NO career counseling going on at any level- EVER. Not at high school and certainly not at college. Maybe by the parents, but to what level is that helpful?

Colleges advise specifically for their program. It's like getting your nutrition information at McDonald's- they only have it for THEIR burgers. People continue to earn degrees that won't pay off "financially"- I see it at my community college and I see it here. But is it wrong? I don't think it's wrong, I'd just like to see some "informed consent" of sorts.