The worth of a college degree has worsened because there are more people attending college. When there were LESS people attending college, the college degree was worth more. Should college quotas be strictly enforced so that only the MOST QUALIFIED be admitted into colleges. With the masses of people attending college, the worth of college degrees have lessened significantly. What do you think?
It is not an exact science by any means, but administrators and the board of trustees usually set the number of students as a goal for the admissions caps. Sadly to say since 2014 college enrolment is actually down. This could be for lots of reasons.
And students are tested SAT or ACT and scored, I believe that there are many quotes are filled, and then one is accepted by score.
I don't feel putting quotas would be fair. to decrease the number of people attending college. I think especially now when the number of people attending college is decreasing.
I think we need to start looking at why fewer young people
attend college. I think college has become so expensive not many can afford to pay the cost.
Over the spectrum of data available a person with a college degree will earn more over a lifetime than a high school graduate. Of course it depends on many variables while as any statistic will indicate there is a range of outcome based on those variables.
Education and Lifetime Earnings by the Social Security Administration. A sweet short read and easily skimmed.
https://www.ssa.gov/policy/docs/researc … nings.html
As far as quota goes each learning institution already has a quota as they can only teach so many students. Each institution sets its own standards for admission. A few common are grade point average, prerequisite classes, and extracurricular activities. The emphasis will vary by institution while one should consider the institution too regard being public or private and profit or non-profit.
No, quotas should not be used to determine access to the opportunity of higher education.
But there is a quota system that might help; one tied to the availability of public financing. Apply a grading criteria to available majors, (ie. STEM vs. Liberal Arts, as a 'stick-figure' illustration), and put yearly quotas on the amount of public financing available for each major.
As a key note, private financing is exempt from the quotas. If one wants to spend their own money or assume the personal responsibility of borrowing the money, then that is their choice. The public has no obligation to rescue them from a poor decision.
GA
I think that is worthy of consideration. The only thing I see is wouldn't that be the same as saying the financial institution will not give you a loan on a foreign car and only on a domestic car? Or, a Chevy and not a Ford? Yet, I understand what you are suggesting.
Interestingly enough this comment and the original introduction of it on another thread sent me on a journey of discovery. Having used Return of Investment in my cost analysis work in my heyday I sought that out discovering the article below, which opened doors for pondering. Maybe you would be interested to peek at it. Warning: It is lengthy and thorough.
Is College Worth It? A Comprehensive Return on Investment Analysis published at Foundation for Research on Equal Opportunity
https://freopp.org/is-college-worth-it- … 2ad17f84c8
Also, as a counter offer what about a lower tuition for the degrees with a lower ROI? Nah . . .
My thoughts on the 'difference' of your examples were primarily on the predictable future of the major relative to labor needs. Since I was speaking to public financing, (government-involved loans, grants, guarantees, etc.), the ability to repay, (the point of your car example?), is only a minimum factor.
You are right, Nah . . . to your last thought
GA
Spot On.
The Article TSMOG provided a link to backs that up entirely.
"Four in five engineering programs have ROI above $500,000, but the same is true for just 1% of psychology programs."
You want help getting an engineering degree.. no problem.
You want to learn about how pottery from the 1100s reflects medieval psychology of that era... come up with your own funding, no scholarships or grants should be available for any such degree relating to psychology, sociology, philosophy, etc.
Yep, that's the idea I had in mind. When public financing is involved it should be a simple cost vs. benefit decision on both sides, the student and the lender.
GA
I agree with you, yet I get stuck on things like equal opportunity while I don't know the ins-and-outs of that stuff regard legal stuff. That may be where Grace's idea of quota's come into play, 'x' amount of dollars per different category rather than a blanket no dollars since it is 'public' dollars, although how to administer it? Just wandering a little.
I did a little poking around coming upon an interesting article linked below showing which major has debt and how much. Enlightening.
Student Loan Debt by Major by Education Data Initiative Dec 21, 2021. Interesting. Easy to read with majors and debt listed and given for bachelor, master, and doctoral degrees.
https://educationdata.org/student-loan-debt-by-major
[Quick Edit] Again wandering the information of the two links shared to me is what a parent should seek out. Yet, what is the capabilities of the child/student. We all know there is percentage of people who plain and simply don't get math.
I think academic standards should be as high as college athletic standards.
Not everyone is good enough to make the team.
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