… Once the hallmark of an educated and readily employable adult, the bachelor’s degree is losing its edge. Quicker, cheaper programs offer attractive career route alternatives while the more prestigious master’s is trumping it, making it a mere steppingstone.
Studies show that people with four-year college degrees earn more money than those without over their lifetime, that they are more likely to find jobs and, once employed, are almost twice as likely to be selected for on-the-job training.
This has prompted a stampede through college and university gates.
But studies are like photographs: They record the past. They say nothing about the clear and present danger that the bachelor’s degree is losing value… via Bachelor’s degree: Has it lost its edge and its value? – CSMonitor.com.
At some point, the question must be asked: Is that useless degree worth it?? GE.
… According to The Chronicle of Higher Education, between 2007 and 2010, the percentage of people with a graduate degree who were on food stamps or were receiving another kind of federal aid more than doubled, reaching 360,000… In 2007, 9,776 people with PhD’s were receiving some kind of aid. In 2010, that number had more than tripled to 33,655. For people with master’s degrees, the number spiked from 101,683 to 293,029. Austin Nichols of the Urban Institute crunched those numbers for The Chronicle using census data…. via The Daily Caller.
Also see here:
“The fundamental problem here is not debt but a broken educational system that no longer insists on excellence,” Ms. Neal says. “College tuitions have risen more than 440% over the last 25 years—and for what? The students who say that college has not prepared them for the real world are largely right.”