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Sunday, July 25, 2010

Not all well-paying jobs require a college degree. They all require specialized training (either on-the-job or at technical school). But if you want to be a photographer or nuclear power operator, you may want to consider the specific requirements of that job rather than spending 6 years at an expensive college studying, Psychology or Medieval History. This is an interesting article on the subject.

The world has changed. When my grandfather graduated from the University of California, Berkeley in 1921 (I don’t know if the UC system had any other campuses at that time), having a college degree really distinguished the college grad from the high school grad (or the non-high school grad). I can’t find the stat, but my guess is that fewer than five percent of high school graduates subsequently graduated from college in the 1920’s.

Today close to 60% of high school grads go on to college. But then only 53% of them graduate within six years.

College makes sense if one desires certain jobs (science and engineering in particular). But an expensive Liberal Arts education is no longer much of an advantage. Many Liberal Arts graduates only have big student loan payments to show for their “investment”.

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