Is college worth the cost in this economy?

United States
August 29, 2009 1:12am CST
I am a parent of a child that I just sent to college. My concern is the high cost of college these days and is it going to be worth it? I fear that once he graduates from college he is going to have nothing but a lot of student loans that he is not going to be able to pay for because he either isn't going to be able to get a job or the job he does get won't pay much and he won't be able to afford to live. This means that he would either be back at home with me so he can make ends meat or he won't be able to make it and go under fast at a young age. I have another son that will be graduating this year and off to college for him. My husband and of course have to help pay for college so is this all a waste of money for all of us. I hate the thought of putting our younger generation in debt before they ever get out of school but after reading about all of these college students that are not finding jobs or having to take a really low paying job that isn't even in a field that they went to school for just so they can live or pay the student loans. Some days I feel like a failure putting the kid through this. I know that possibly in the next 4 years things may turn around and the economy may pick up and they might find a great job right out of college but unless things change soon I feel like I am setting them both up for a big disappointment in life. I know my husband and I struggle right now to pay our bills and now pay extra bills for college so what makes me think it will be any different for college graduates?
13 responses
• United States
3 Sep 09
I don't think college is necessary for everyone in order to succeed. College is not suitable for everyone and there are a lot of good paying jobs out there that requires skills not related to a degree. My mother is pretty insistent that I attend a university and get a diploma but my brother is determined to graduate high school and then go learn to become a cook. I think both of us have the same chance of success.
@K46620 (1986)
• United States
31 Aug 09
I would strongly recommend that you take advantage of CLEP and DANTES tests. They are a much cheaper way to build up some easy college credits. After all, the first year or two of college covers much of the same material as high school. I have set my degree plan up so that I will get about 90 credits from these tests, and I will be able to get my bachelor's degree in about 2 years time for less than $20,000. Not too many colleges accept that many credits from CLEP but Thomas Edison State College does
• United States
29 Aug 09
Degrees mean more now than they have in the past as people are placing more emphasis on hiring people that have degrees than they are hiring people that don't have a degree or don't have the degree that they are looking for. It's important that your kids find something they enjoy but something that is relevant to the work force. They need to skip over degrees like art or history or english because those don't really have a use in society. I know it sounds harsh, but the whole point of college degrees is finding the one that people need.
@Azaerus (820)
• Philippines
29 Aug 09
I'm going to share my personal opinion on this..I do understand how you feel gpoing to college is way too expensive now a days unlike before. Sometimes I feel like college education is only open for the wealthy people and as for those ones who can't afford to go to college,they find a way and how,by getting alot of loans and in time when they have graduated they'll be stuck up with their low paying jobs to pay for their debts they have made when they'r still in college. Well,maybe it seems that I'm pretty sensitive with this discussion because it's just the way I see it. Also I will say that it really doesn't matter if a person graduted from a college university or haven't gone to college because the ability of the person to excell in many things is within himself even without the college education. It's just that,a person must have the perseverance and the determination to work hard and improve on things that will help him achieve his goal in life and success. Here in our country,alot of people don't go to college because they just simply can't afford it. Most of the people in here are very thankful ones they have graduated from high school,they don't expect to graduate in a college university because it's like having to work their entire life to pay for the debts they have when they went to college. I'm also proud to say that most of the successful person I know here in our country didn't even stepped in a college university. All they carried with them is their determination and perseverance to reach the ultimate success of their lives.
• United States
29 Aug 09
Please look on the bright side. With a college education your child can do so much more in life. $20,000 a year versus $50,000 or $80,000 a year for their income. They can have a greta life and there are so many grants, scholarships, and loan options to make things easy to repay these days.
@levyx22 (187)
• United States
30 Aug 09
I personally think all you need is a high school education. As long as you graduate highschool and you are smart, and not dumb, you should be good for life. College these days is way to expensive.
@Mirsya (520)
• Indonesia
29 Aug 09
This makes sense to me. Colleges nowadays don't provide insurance for students to get a job. More likely, they just open for bussiness. I think you should do some research about the college first before deciding to put your child in. And, make sure that your child like it. But, still, in these kinds of days, I think it's better to learn some practical skills. Because at least, the skills can be used to make money without depending on others. good luck!
• United States
29 Aug 09
Here's what you really need to think about- what does your son want to major in and what are his future career plans? Granted, the economy is terrible right now, but there is no reason to believe it will not improve by the time your sons graduate. If he wants to go into a low-paying field, I might consider starting him at the local community college. In many areas, he could work to pay his own tuition, fees, and books if you provided room and board. Also, remember that a bachelor's degree is not always the best plan depending on career path. If he is planning on going into a health profession, he may only need an associate's degree to begin and can get his employer to pay for advanced education later. Start the conversation, explore your options, and look for funding in unlikely places. Your son should be applying for every scholarship he could remotely get his hands on.
@zhuhuifen46 (3483)
• China
29 Aug 09
You made the right decision. From oriental culture, it is obligation of parents to see our children competent and entering a stable career. Tough as it may be, your efforts would be rewarded. I have seen myself and my relatives and so many people around going through the same path. With little exceptions, people with education would be in a better position for job competition, at least they might be more qualifieid for job or work with little physical challenges.
@aabuda (1722)
• Philippines
29 Aug 09
I definitely agree with you. The cost of college education nowadays is so high that low income families will surely struggle in order to send their children to a college degree that later will not even equal to the kind of job that they will be getting because of the current economic status that the world is facing. If you are thinking about the future of your children how much more my fellow Filipinos who can't even afford to eat meals than sending their children to a get a degree in college. Every part of the world is affected by the current financial crisis and it is for me I think, that the cost of college education has increased and that few people can only afford. With it, I think the government should protect its people by seeking and providing more job opportunities for its citizens.
@beeduzhe (138)
• China
29 Aug 09
Sometimes I also feel disappointed in college now,I am a college student.In the classroom,the professor will not help you to find your job but to sell themselves.And I don't think I can learn something helpful for my future only from the subject I am taking now.And I am wondering why the goverment put me and our teenagers into college which waste a lot of money and time.I know most of students in colleges can not afford the tuitions and some other fees.And they also have to face the boring subjects and study hard for a better job after they graduate. I even thought about dropping out of school,but I shouldn't because my parents have spend so many money on me and on my studying and everyone thinks that only after I graduate can I make more money.In nowadays,college seems to be more imporant than anything,and I don't know why. beeduzhe
@k_petev (37)
• Bulgaria
29 Aug 09
College costs are qiute too much but after you garduate it will gaive you a head start in life and you will find much better paid job and after that you will earn back the money you've gave for the college.
• Philippines
29 Aug 09
Yes,of course.College really worth the cost in this economy.However many respected personalities did not step at college.But high thoughts really emerge from college years.And one more thing,if your not done in college,you will experience discrimination in finding jobs.